Semi-Autonomous and Autonomous Bus Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

The semi-autonomous and autonomous bus uses artificial intelligence (AI) software, cameras, light detection & ranging (LiDAR), and RADAR to sense the surrounding environment and navigate. Semi-autonomous and autonomous buses are equipped with various ADAS features and sensors that help in improving road safety. There are diverse levels of autonomy ranging from semi-autonomous that involve driver assistance to fully autonomous, which does not require human assistance. Factors such as a rise in road accidents, government regulations regarding safety features, shortage of drivers, the need for efficient bus operations, and the increasing need for efficient feature-rich modern buses are driving the semi-autonomous and autonomous bus market.

MARKET DYNAMICS

The rapid growth in connected infrastructure and traffic congestion reduction due to improved safety are the significant factors driving the growth of the semi-autonomous and autonomous bus market. However, high cost, data security, and cyber-attacks are the major factors that may hamper the market growth. Further, continuous developments in autonomous technologies, the advent of connected vehicles, and the development of smart cities are expected to provide new growth opportunities for the semi-autonomous and autonomous bus market.

MARKET SCOPE

The "Global Semi-Autonomous and Autonomous Bus Market Analysis to 2031" is a specialized and in-depth study of the semi-autonomous and autonomous bus industry with a special focus on the global market trend analysis. The report aims to provide an overview semi-autonomous and autonomous bus market with detailed market segmentation as level of automation, propulsion type, sensor type, ADAS feature, application, and geography. The global semi-autonomous and autonomous bus market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading semi-autonomous and autonomous bus market players and offers key trends and opportunities in the semi-autonomous and autonomous bus market.

MARKET SEGMENTATION

The global semi-autonomous and autonomous bus market is segmented on the basis of level of automation, propulsion type, sensor type, ADAS feature, application. On the basis of level of automation the market is segmented as level 1, level 2, level 3, level 4, level 5. On the basis of propulsion type the market is segmented as diesel, electric, hybrid. On the basis of sensor type the market is segmented as ultrasonic, camera, lidar, radar. On the basis of ADAS feature the market is segmented as autonomous emergency braking, adaptive cruise control, intelligent parking assist, traffic jam assist, highway pilot, others. On the basis of application the market is segmented as shuttle, intercity/intracity.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global semi-autonomous and autonomous bus market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The semi-autonomous and autonomous bus market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting semi-autonomous and autonomous bus market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the semi-autonomous and autonomous bus market in these regions.

MARKET PLAYERS

The reports cover key developments in the semi-autonomous and autonomous bus market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Semi-autonomous and autonomous bus market are anticipated to lucrative growth opportunities in the future with the rising demand for semi-autonomous and autonomous bus in the global market. Below mentioned is the list of few companies engaged in the semi-autonomous and autonomous bus market.

The report also includes the profiles of key semi-autonomous and autonomous bus companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   AB Volvo
  
•   Aptiv PLC
  
•   Continental AG
  
•   Daimler AG
  
•   Denso Corporation
  
•   EasyMile
  
•   NAVYA Group
  
•   NVIDIA Corporation
  
•   Robert Bosch GmbH
  
•   ZF Friedrichshafen AG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Semi-Autonomous and Autonomous Bus Report Scope