The ‘Global Semi-Autonomous and Autonomous Bus Market Size, Report and Forecast 2024-2032’ by Expert Market Research gives an extensive outlook of the global semi-autonomous and autonomous bus market, assessing the market on the basis of its segments like propulsion types, applications, ADAS features, level of automation, sensor types, and major regions.
The key highlights of the report include:
Market Overview (2018-2032)
- Forecast CAGR (2024-2032): 24%
The rapid advancements in automation technology aimed towards reducing operating costs, improving quality of transit, and to reduce the chances of human error, are driving the growth of the market for semi-autonomous and autonomous buses. In addition, the deployment of semi-autonomous and autonomous electric buses on roads also results in reduction in emission of CO2.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/semi-autonomous-and-autonomous-bus-market/requestsample
The increasing number of public transport users to achieve cost savings on travel and to escape from tiring traffic congestions are the major factors driving the semi-autonomous and autonomous bus market. Meanwhile, the increasing efforts by major automotive manufacturers to gain a competitive edge and to compensate the heavy loss on automobile sales during the pandemic, are leading to great investments towards product innovations. Therefore, the ongoing innovations are likely to encourage the deployment of semi-autonomous and autonomous buses in the forecast period.
In terms of regions, the Asia Pacific occupies a considerable share in the market. The favourable government policies and shift from traditional fuel-based manual-driving buses towards advanced buses with adaptive cruise control technology are the driving factors of the semi-autonomous and autonomous bus market in the region. In August 2022, China announced the introduction of regulations aimed towards enhancing the deployment of semi-autonomous and autonomous buses.
Industry Definition and Major Segments
A semi-autonomous bus is defined as a type of vehicle which can automate some driving functions but requires someone in the driver’s seat. A semi-autonomous bus can keep itself in lane and can also park at a particular area, however, the bus is not self-driving. Meanwhile, an autonomous bus is a type of vehicle which operates on its own without any human intervention. These buses save significant time during long routes which is a major driving factor of the global semi-autonomous and autonomous bus market.
Based on propulsion type, the market can be segmented into:
- Diesel
- Electric
- Hybrid
The market can be broadly categorised based on application into:
- Shuttle
- Intercity/Intracity
By ADAS feature, the market has been segmented into:
- Adaptive Cruise Control (ACC)
- Blind Spot Detection (BSD)
- Automatic Emergency Braking (AEB)
- Intelligent Park Assist (IPA)
- Traffic Jam Assist (TJA)
- Lane Keep Assist (LKA)
- Highway Pilot (HP)
Based on level of automation, the market can be classified into:
- Level 1
- Level 2 and 3
- Level 4
- Level 5
On the basis of sensor type, the market can be segmented into:
- Camera
- Radar
- Lidar
- Ultrasonic
On the basis of region, the market can be categorised into:
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East and Africa
Market Trends
The key trends in the global semi-autonomous and autonomous bus market include technological advancements across the automotive industry which are leading to new innovations encouraging self-driving technology. Major market players are investing in bolstering the reliability of both semi-autonomous and autonomous buses on roads which are expanding the market opportunities. Penetration of critical technologies such as artificial intelligence and incorporation of software with adaptive algorithms are factors attracting the attention of governments and the public.
In addition, the increasing investments by OEM manufacturers towards integrating driverless mobility and localising components in autonomous vehicles are likely to be crucial trends in the market. Meanwhile, shortage of drivers and rising fuel prices are trends which are anticipated to offer lucrative opportunities to the semi-autonomous and autonomous bus market in the forecast period.
Moreover, the growing awareness among passengers about the advanced features of semi-autonomous and autonomous buses is an encouraging factor for the market. These features include autonomous emergency braking systems, blind spot detection, electronic stability control, lane-keeping assist, and traffic jam assist, among others. Furthermore, robust digitalisation, growing urbanisation, increasing number of corporate workers, and thriving road infrastructure across the emerging economies, are some of the trends which are likely to increase the number of bus users in the forecast period.
Key Market Players
The major players in the semi-autonomous and autonomous bus market report are AB Volvo, Robert Bosch GmbH, Daimler AG, Denso Corporation, and Local Motors (LM Industries), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Read More Reports:
Foliar Spray Market- https://www.expertmarketresearch.com/reports/foliar-spray-market
Pet Milk Replacers Market- https://www.expertmarketresearch.com/reports/pet-milk-replacers-market
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: Sophia Grace, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 N Gould St Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
