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Robotaxi Market Valued at One Trillion Dollars by 2040, China as the Largest Beneficiary
Morgan Stanley reports that the self-driving taxi market (robotaxi) is expected to reach a value of one trillion dollars by 2040, driven by significant reductions in manufacturing costs in China and advancements in artificial intelligence technologies. It is anticipated that the costs of robotaxi components in China will decrease to between $35,000 and $40,000 by 2027, facilitating broader adoption. By 2028, these services are expected to be capable of covering operational expenses, paving the way for widespread commercial deployment by 2030. Projections suggest that the size of this sector could reach 2.5 million vehicles by 2035, with Chinese and American companies emerging as global leaders.
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