The Robotic Vehicle Market is expected to grow from US$8.617 billion in 2025 to US$13.717 billion in 2030, at a CAGR of 9.75%.
Robotic vehicles are classified as remotely operated or autonomous vehicles. These vehicles can execute necessary functions without any human intervention owing to their own ability to sense their surroundings. Artificial intelligence software, radio detection, light detection, and ranging including cameras are used by these autonomous vehicles in order to sense the environment and navigate, by the formation of an active 3-dimensional map of their surroundings.
There are different levels of autonomous driving which include semi-autonomous which requires a driver’s assistance to be fully autonomous. These multiple levels have been adopted by the U.S. Department of Transportation.
Robotic vehicles consist of several advantages as compared to conventional vehicles including the limited use of fuel, improved safety, and reduction in traffic congestion along with low emissions by consuming less battery capacity and less gas, which further results in less pollution. These are the certain key factors that make robotic vehicles advantageous while making the environment friendly.
Artificial intelligence-based camera systems necessary for robotic vehicles are considered to be key drivers. Numerous Tier 1 suppliers and developers are putting the focus on the adoption and development of artificial intelligence-based cameras as these technological advancements offer a wide range of features such as adaptive headlamp control, traffic sign recognition, adaptive cruise control, automated breaking, and even pedestrian detection.
These artificial intelligence cameras account for various advantages which are cost-effective, coupled with the fusion of various complementary technologies which brings out the feature of safety. Bosch is a company that is a leading manufacturer of camera systems for robotic vehicles and developed an artificial intelligence-based camera MPC3 for autonomous vehicles. A multi-path approach was taken by this company in order to develop the camera where the programmers and engineers created a software architecture combining artificial intelligence-driven methods and conventional image processing algorithms in order to bring out the feature of a high-performance system with an integrated microprocessor.
These increasing developments and launches in automotive shared mobility are regarded to be key drivers for the robotic vehicles market.
Asia Pacific is expected to witness growth in the market of robotic vehicles. As the demand for safety increases, economies are more focused on efficient and convenient driving experiences which is a result of increased disposable income in emerging economies along with stringent safety regulations which are a few factors driving the growth of the Asia Pacific region in the market for robotic vehicles.
Baidu which is known to be a major service provider for robotic vehicles in China has successfully test-driven more than 1 million miles in more than 13 Chinese cities. This company further entered into a partnership with Ford in order to increase investments in robotic vehicles in China.
Asia Pacific region comprises China, Japan, India, South Korea, and Thailand out of which China has emerged as a hub for automobile production. Moreover, industrialization activities and infrastructural developments also have opened new opportunities resulting in the creation of several techniques for automotive vehicles. This certain growth in technological advancement in China has increased the demand for this market.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Robotic Vehicle Market Size in 2025 | US$8.617 billion |
| Robotic Vehicle Market Size in 2030 | US$13.717 billion |
| Growth Rate | CAGR of 9.75% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Robotic Vehicle Market |
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| Customization Scope | Free report customization with purchase |
The robotic vehicle market is analyzed into the following segments: