Semi-Autonomous & Autonomous Bus Market by Level of Automation, Propulsion - Global Forecast to 2030
The
global Semi-Autonomous Bus Market
size is projected to reach 71,682 units by 2025, from an estimated 23,613 units
in 2020, at a CAGR of 24.9%. The base year for the report is 2019, and the
forecast period is from 2020 to 2025. The semi-autonomous bus sector has witnessed rapid evolution
as governments across the world are regulating
advanced safety features such as AEB and BSD, and OEMs are offering buses with
modern driver-assist features.
The
global autonomous bus market size is projected to reach USD 2,773 million by
2030, from USD 791 million in 2024, at a CAGR of 23.2%. The forecast period is
from 2024 to 2030. The
autonomous bus technology is the evolution in the public transport industry, as
it could be a viable solution to daily commuting and public transit gaps. Also,
after the global pandemic of COVID-19, many OEMs and technology
companies will be looking to develop small autonomous shuttles with less
seating capacity to avoid crowded bus operations.
OEMs
worldwide are focusing heavily on research & testing applications leading
to continuous advancements in autonomous buses. For instance, in
October 2019, Local Motors announced the testing of its autonomous shuttle,
Olli, in California. Similarly, in May 2019, New Flyer, one of the biggest bus
manufacturers in the world, started a pilot program of testing autonomous
driving technology in its full-sized bus. Also, Proterra, an American electric
bus maker, has been testing autonomous driving in Nevada. These initiatives are
expected to provide an impetus to the growth of the global semi-autonomous and
autonomous bus market.
In the
semi-autonomous bus market, by propulsion,
the diesel segment is projected to dominate the industry during the forecast
period in terms of volume. The
rising demand for passenger safety and efficient bus transit operations would
boost the sales of the diesel segment for the advanced semi-autonomous bus
market during the forecast period.
Favorable
government regulations for better road safety would have a positive impact on
the semi-autonomous bus market. For instance, AEB and BSD are expected to be
mandatory for all types of vehicles, including buses. As the infrastructure for
electric buses is insufficient in many countries, OEMs will be incorporating
these features in the existing diesel-operated buses. With significant sales
volume across the world and OEMs introducing new safety features, the diesel
segment is expected to lead the semi-autonomous bus market. Also, continuous
developments are being made to improve the emission and efficiency of
diesel-powered vehicles.
The
semi-autonomous and autonomous bus market players are focusing on expanding
their businesses in new markets across the world. Asia Pacific is one of the
potential markets for semi-autonomous and autonomous buses. Economies such as China,
Japan, and South Korea, have a technologically advanced automotive industry.
The Chinese bus company, King Long, developed a self-driving shuttle with the
autonomous platform by Baidu and started first-ever volume production of these
shuttles in June 2018.
As China, Japan, and South
Korea are capable of adopting such technology and produce on mass-level, the
region will have a significant market share in the autonomous bus market. Apart
from these testing and trials, the region is heavily dependent on buses as a
public transport medium. Thus, recent developments in autonomous technologies
and quick adoption of the technology would help the Asia Pacific market to grow
rapidly.
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=87328844
Europe presents a
significant growth opportunity for the semi-autonomous bus market, as the
regulations related to safety features such as AEB and BSD are expected to roll
out soon. These regulations will propel the market growth for semi-autonomous
buses. Moreover, the region is home to numerous tier-1 automotive component
suppliers, such as Bosch, Continental, and ZF, which offer different
semi-autonomous technologies and are developing some innovative ADAS features.
The region is testing
autonomous driving technology on buses as well. A majority of the companies
such as EasyMile, Navya, and 2getthere that are offering autonomous shuttles
today are from the European region. EasyMile claims to have deployed the most
number of autonomous shuttles across the world. Thus, Europe will have a
significant market share in the global autonomous bus market as well.
Critical
Aspects:
·
Governments
are focusing on regulations related to safety standards in commercial vehicles.
How will this transform the overall semi-autonomous bus market?
·
How
will fast-paced developments in self-driving technologies change the dynamics
of this market?
·
The
industry is focusing on different sensors and software systems. Which are the
leading companies working on it, and what organic and inorganic strategies have
been adopted by them?
·
The
shuttle segment is expected to have a significant market during the forecast.
How will this transform the overall autonomous bus market?
·
Analysis
of competitors, including major players in this market and ecosystem. The major
players are Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo
(Sweden), and Denso (Japan).
To speak to our analyst for a
discussion on the above findings, click Speak
to Analyst
Comments
Post a Comment