Morgan Stanley Sees US$1 Trillion Robotaxi Market by 2040 Driven by China Cost Cuts
MS•Morgan Stanley projects that China’s supply-chain cost cuts will expand the global robotaxi market to US$1 trillion by 2040. The report highlights Waymo and Tesla as global leaders while Baidu, Xpeng and WeRide scale rapidly in China.
1. Market Projection
Morgan Stanley forecasts that falling costs in China’s robotaxi supply chain will enable the global autonomous taxi market to reach US$1 trillion by 2040, as lower component prices and manufacturing efficiencies drive widespread deployment.
2. Leading Companies
The analysis identifies Waymo and Tesla as the primary global beneficiaries positioned to capture the expanding market, while Chinese players Baidu, Xpeng and WeRide are aggressively scaling operations to meet rising domestic demand.
