Global Semi-Autonomous and Autonomous Bus Market Report and Forecast 2024-2032

Global Semi-Autonomous and Autonomous Bus Market Outlook

The global semi-autonomous and autonomous bus market is expected to grow in the forecast period of 2024-2032 at a CAGR of 24.00%.

The Asia Pacific Accounts for a Significant Market Share with the Increased Adoption of ADAS Technology

The demand for semi-autonomous and autonomous buses in the Asia Pacific region has increased, owing to the rising road safety concerns. Countries like China, Japan, and South Korea possess advanced know-how in the autonomous segment and have the technological and production capabilities, which is anticipated to make an incremental growth in the sector.

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Despite a dip in the production quantity due to COVID-19 restrictions, China accounted for a considerable share  of the global automobile sales in 2020. As the home of several leading market players such as Toyota, Honda, Nissan, and others, Japan's success in developing autonomous vehicles has piqued international interest. In addition, LiDAR technology providers from around the world have been proactively forming partnerships with Japanese OEMs as well. These factors are projected to aid the market growth in the forecast period.

Semi-Autonomous and Autonomous Bus: Market Segmentation

Autonomous buses are vehicles that are capable of recognising their surroundings and driving safely with little to no human intervention. Semi-autonomous buses require little human intervention and use advanced driver assistance technologies like ACC, LKA, IPA, and AFL to lessen the amount of effort required to manoeuvre the vehicle. These require the drivers to keep their hands on the steering wheel at all times.

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By propulsion type, the market can be classified into:

• Diesel
• Electric
• Hybrid

On the basis of application, the market can be bifurcated into:

• Shuttle
• Intercity/Intracity

The market can be broadly categorised, on the basis of ADAS feature, into:

• Adaptive Cruise Control (ACC)
• Automatic Emergency Braking (AEB)
• Blind Spot Detection (BSD)
• Intelligent Park Assist (IPA)
• Lane Keep Assist (LKA)
• Traffic Jam Assist (TJA)
• Highway Pilot (HP)

On the basis of level of automation, the market can be segmented into:

• Level 1
• Level 2 and 3
• Level 4
• Level 5

On the basis of sensor type, the market can be segregated into:

• Camera
• Radar
• Lidar
• Ultrasonic

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Demand for Safe and Efficient Public Transportation Systems to Propel the Global Semi-Autonomous and Autonomous Bus Industry

The rising incidences of road accidents are accentuating the road safety concerns of administration and consumers alike. According to reports, roughly 150 thousand people died or were injured in traffic accidents in Indonesia in 2019. Laos, on the other hand, experienced 1.52 thousand traffic fatalities in 2019. Semi-autonomous and autonomous vehicles can help reduce the mortality risks associated with road accidents. Moreover, the need for more efficient operations in bus transport system has also increased the demand for the market. For example, China is undertaking studies to measure the efficiency of the current public transportation system, in an endeavour to further develop the system to reduce pollution and provide better safety and more efficient travel experience with lesser travel time. Additionally, the increasing adoption of ADAS technology is also anticipated to be a major factor driving the market forward. With increasing IT talent pool globally, the development and integration with the existing system is expected to be much faster. For example, India has a huge talent pool of IT sector. The heavy use of public transport also demands government investments.

Key Industry Players in the Global Semi-Autonomous and Autonomous Bus Market

The report presents a detailed analysis of the following key players in the global semi-autonomous and autonomous bus market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• AB Volvo
• Robert Bosch GmbH
• Dailmer AG
• Denso Corporation
• Local Motors (LM Industries)
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report