The global market for fully autonomous vehicles (FAVs) could be worth $182bn by 2035, generating nearly $19bn in the Gulf Cooperation Council region alone, according to a report issued by Strategy& Middle East, part of the PwC network.
In particular, the report highlights that robo-taxis, robo-shuttles, robo-buses, and passenger drones have the potential to revolutionise transport across the region and redefine mobility in cities, making autonomous options accessible to all through fully automated, integrated, and demand-responsive networks.
The rise of robo-taxis
Within this shift, robo-taxis are expected to be the largest FAV segment, potentially creating a $10bn market in the GCC by 2035, around 18 per cent of the anticipated global market share.
The research points out that the region’s giga-projects – including Saudi Arabia’s Neom and the UAE’s smart city initiatives – are already embedding driverless technology into their plans, from dedicated autonomous lanes to new urban mobility hubs.
Read more: smartcitiesworld.net
