Semi-autonomous & Autonomous Bus Market: Global Industry Analysis and Forecast (2023-2029)

Semi-autonomous & Autonomous Bus Market size was volume 216835 Units. In 2022 and the total revenue is expected to grow at 24.3% through 2022 to 2029, reaching nearly 994094 Units.
Semi-autonomous & Autonomous Bus Market Overview:
Autonomous vehicle technology has grown and developed rapidly. Autonomous buses are ones that can drive themselves without a driver and semi-autonomous bus systems operate automatically but may human required under some conditions. Autonomous bus technology enhances safety, efficiency, and productivity. Autonomous buses can help decrease the number of road accidents significantly, thus increasing road safety in different scenarios or conditions. These vehicles follow the traffic rules and keep a distance from other vehicles. Hence, these vehicles are expected to decrease traffic congestion and increase efficiency and productivity.To know about the Research Methodology :- Request Free Sample Report

In this report, the semi-autonomous and autonomous bus market's growth reasons, as well as the market's many segments (Sensors, level of automation, Application and Region.), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, info graphics, and presentations. The study discusses the semi-autonomous and autonomous bus market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the Global semi-autonomous and autonomous bus market situation.

Impact of COVID-19 on Semi-autonomous & Autonomous Bus market:

COVID-19 has a longer impact on the environment, trends, technology and customer behaviour, Public transport has been completely shut during the lockdown in almost every country due to the spread of coronavirus. Public transport has several challenges to face after the lockdown, such as crew management, social distancing, and handling crowd, which are expected to impact profitability.

COVID-19 induced lockdown and additional measures, such as social distancing and frequent cleaning, have put an additional financial burden on bus operators, thereby risking the long-term sustainability of the sector. It is crucial to ensure the continuity of bus services with the lockdown coming to an end in many countries along with the gradual start of economic activities. However, public transport has to prepare responsive strategies in this vital situation for travelling passengers.
Semi-autonomous & Autonomous Bus Market Dynamics:
In April 2022 Turkish company lunches a full-size driverless bus with a space of 50 passengers that will undergo a two-year test in the downtown district. It has 21 seats with sanding space for many more.

Semi-autonomous & Autonomous Bus Market drivers:

Semi-autonomous & Autonomous Bus Market reduces driver stress and increases productivity, driver can rest, play and work while travelling, Reduce paid driver cost, reduce cost for commercial transports, Reduce accident or high risk driving, Reduce energy consumption and pollution.

Semi-autonomous & Autonomous Bus Market restrain:

The major restrain of Semi-autonomous & Autonomous Bus Market are reduced security and privacy. Maybe valuable information is hacked, and features such as location tracking and data sharing may reduce privacy. Additional risks May increase other road users and may be used for criminal activities.

Semi-autonomous & autonomous bus market opportunity

Increasing Demand for 5G Technology for Vehicle Connectivity 5G will allow new forms of vehicle-to-vehicle (V2V) communications so that in the future cars will be able to communicate with objects and traffic management systems (TMS) at joining. This will allow for great advances in safety because cars will be able to sense hazards much farther in advance and use automated systems to apply brakes, accelerate or steer where necessary. Stoplights at intersections will be able to detect cars approaching from opposite directions and be able to change their lights intelligently.
Semi-autonomous & Autonomous Bus Market Segment Analysis:
Semi-autonomous & Autonomous Bus Market Segment by sensor:

The ultrasonic segment is projected to have the largest market share in the semi-autonomous and autonomous bus market. This sensor has the ability to detect objects they are very cost effective, and excellent to detect solid hazards. These sensors are used in bumpers to alert drivers from obstacles while parking and for best result, ultrasonic sensors are commonly combined with camera

The camera segment is projected to have the second largest market share in the semi-autonomous and autonomous bus market

When multiple cameras are installed around the vehicle, a 360° view allows the vehicle to detect objects in its proximity, like other cars, pedestrians, road markings, and traffic signs.

There are several types of cameras to consider for meeting different design needs, including NIR cameras, VIS cameras, thermal cameras, and time of flight cameras. As with most sensors, cameras work best when used to complement each other.

NIR camera: near-infrared cameras rely on a light outside the visible range and are often combined with NIR emitters, such as LEDs.
1. VIS camera: identifies objects based on the reflection of visible light
2. Thermal camera: detects objects from the infrared energy they emit
3. Time of flight camera: measures distance between the camera and object



By Application, it can be classified into shuttle and intercity. The shuttle segment dominated the market because they are already commercialized; many big key players such as Navya, Easy Mile, and local motors have developed self-driven shuttles.

Because shuttle is more beneficial in autonomous vehicles, they help to increase the frequency of public travelling buses and also improve efficiency and safety.
Autonomous shuttles could communicate with the surrounding environment through infrastructures and other vehicles for smoother driving, without frequently braking and accelerating.
Semi-autonomous & Autonomous Bus Market Regional Insights:
The semi-autonomous and autonomous bus market players are focusing on expanding their businesses in new markets across the world. The 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 the first-ever volume production of these shuttles in June 2018.

As China, Japan, and South Korea are capable of adopting such technology and producing at the 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.

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.

The objective of the report is to present a comprehensive analysis of the Semi-autonomous & Autonomous Bus market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyses, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Semi-autonomous & Autonomous Bus market dynamics, structure by analyzing the market segments and project the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Semi-autonomous & Autonomous Bus market make the report investor’s guide.
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Global Semi-autonomous & Autonomous Bus Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
216835 Units.


Forecast Period 2023 to 2029 CAGR:
24.3%
Market Size in 2029:
994094 Units.


 Segments Covered:
by Sensor
Ultrasonic
Camera
LiDRA
Radar


by Application
Shuttle
Intercity


by Propulsion Type
Diesel
Electric
Hybrid


by Level of Automation
Level 1
Level 2
Level 3
Level 4
Level 5



Semi-autonomous & Autonomous Bus Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. AB Volvo
2. Robert Bosch
3. Continental AG
4. Denso
5. Aptiv
6. Nvidia
7. Daimler
8. Proterra
9. 2Getthere (ZF)
10.Local Motors (LM Industries)
11.Proterra
12.Easymile
13.Navya
14.Qualcomm
15.Intel
16.Uber
17.Scania

Frequently Asked Questions:

1. What is the forecast period considered for the market report?
Ans. The forecast period for the market is 2023-2029.

2. Which key factors are hindering the growth of the market?
Ans. The major restrain of Market are reduced security and privacy

3. What is the compound annual growth rate (CAGR) of the market for the forecast period?
Ans. 24.3 % is the compound annual growth rate of the semi-autonomous and autonomous bus market

4. What are the key factors driving the growth of the market?
Ans. Market reduces driver stress and increases productivity, driver can rest, play and work while travelling

5. Which are the worldwide major key players covered for the market report?
Ans. AB Volvo, Robert Bosch, Continental AG, Denso, Aptiv ,Nvidia ,Daimler ,Proterra this are major key players.