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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 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.
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:
On the basis of application, the market can be bifurcated into:
The market can be broadly categorised, on the basis of ADAS feature, into:
On the basis of level of automation, the market can be segmented into:
On the basis of sensor type, the market can be segregated into:
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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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.
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:
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.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Propulsion Type |
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| Breakup by Application |
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| Breakup by ADAS Feature |
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| Breakup by Level of Automation |
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| Breakup by Sensor Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global semi-autonomous and autonomous bus market is projected to grow at a CAGR of 24% between 2024 and 2032.
The rising occurrence of road accidents and the increasing attempts to reduce mortality risks associated with road accidents, and the growing focus on road safety are driving the market for semi-autonomous and autonomous bus.
The market growth in the forecast period can be ascribed to the increasing adoption of ADAS technology to boost security in autonomous public transport.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various propulsion types of semi-autonomous and autonomous bus are diesel, electric, and hybrid.
The major applications of semi-autonomous and autonomous bus include shuttle and intercity/intracity.
The significant ADAS features of semi-autonomous and autonomous bus are adaptive cruise control (ACC), automatic emergency braking (AEB), blind spot detection (BSD), intelligent park assist (IPA), lane keep assist (LKA) traffic jam assist (TJA), and highway pilot (HP).
The different levels of semi-autonomous and autonomous bus are level 1, level 2 and 3, level 4, and level 5.
The market segmentations based on sensor types are camera, radar, lidar, and ultrasonic.
The major players in the industry are AB Volvo, Robert Bosch GmbH, Daimler AG, Denso Corporation, and Local Motors (LM Industries), among others.
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India
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Philippines
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+63-287-899-028, +63-967-048-3306
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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