What Has Been the Progress and Growth of the Semi Autonomous And Autonomous Bus Market in Recent Years?
The semi autonomous and autonomous bus market has seen considerable growth due to a variety of factors.
• In recent times, the size of the semi-autonomous and autonomous bus market has seen rapid growth. Its expansion is predicted to surge from $0.99 billion in 2024 to $1.16 billion in 2025, maintaining a compound annual growth rate (CAGR) of 17.2%.
The growth in the preceding time frame can be linked to factors such as a rising urban population, heightened environmental consciousness, government regulatory backing, advancements in smart city infrastructure, and a growing need for convenient and comfortable public transport services.
What Can Be Expected from the Semi Autonomous And Autonomous Bus Market Size?
The semi autonomous and autonomous bus market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market size of semi-autonomous and autonomous buses is projected to experience substantial growth, reaching $2.22 billion in 2029, with a compound annual growth rate (CAGR) of 17.7%.
Several factors contributing to this growth in the forecast period include data analytics usage for optimizing routes, the worldwide expansion of the automotive industry, public and private partnerships, increasing digitalization, and evolving customer preferences. During the forecast period, significant trends such as electrification, advanced driver assistance systems (ADAS), connected vehicle technologies, level 4 autonomy, and data-based decision-making are anticipated.
What Are the Critical Driver Fuelling The Semi Autonomous And Autonomous Bus Market's Growth?
The soaring need for 5G technology in vehicle connectivity is projected to boost the expansion of the semi-autonomous and autonomous bus market in the future. Vehicle connectivity via 5G technology involves the application of the fifth-generation cellular network to facilitate high-speed, low-latency communication in vehicles (V2V) and between vehicles and infrastructure (V2X). 5G enables vehicles to communicate directly with each other, allowing semi-autonomous and autonomous buses to enhance road safety by warning each other of potential dangers and coordinating movements to prevent accidents. The 5G Automotive Association (5GAA), a cross-industry association located in Germany that focuses on connected and autonomous vehicles, reports that over 45 million annually 5G-connected passenger vehicles will be shipped worldwide by 2025. Consequently, the escalating requirement for 5G technology in vehicle connectivity is fueling the growth of the semi-autonomous and autonomous bus market.
How Is The Semi Autonomous And Autonomous Bus Market segmented?
The semi-autonomous and autonomous bus market covered in this report is segmented –
1) By Propulsion Type: Electric, Hybrid, Diesel
2) By Sensor Type: Ultrasonic, Camera, Lidar, Radar
3) By Level of Automation: Level 1, Level 2, Level 3, Level 4, Level 5
4) By Application: Shuttle, Intracity, Intercity
Subsegments:
1) By Electric Buses: Battery Electric Buses (BEB), Trolleybuses, Fuel Cell Electric Buses
2) By Hybrid Buses: Series Hybrid Buses, Parallel Hybrid Buses, Plug-In Hybrid Buses
3) By Diesel Buses: Standard Diesel Buses, Compressed Natural Gas (CNG) Buses, Biodiesel Buses
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Which Emerging Market Trends Are Altering The Semi Autonomous And Autonomous Bus Industry?
Leading firms in the semi-autonomous and autonomous bus sector are prioritizing strategic partnerships in order to deliver dependable services to their customers. A strategic collaboration generally involves two or more independent entities joining forces to pursue common long-term objectives that are mutually advantageous. For example, in May 2023, Mobileye Global Inc., an Israeli company renowned for developing autonomous driving technology and advanced driver-assistance systems, established a cooperative relationship with MAN Truck & Bus SE, a commercial vehicle supplier based in Germany. This partnership aims to launch autonomous city buses. The primary aim of the collaboration is to incorporate Mobileye's Drive technology into MAN's city buses, laying the groundwork for autonomous public transportation. The established competence of Mobileye in the autonomous driving technology sector will be amalgamated with MAN's proficiency in bus production and infrastructure to develop autonomous solutions that are both reliable and effective.
Who Are the Key Players In The Semi Autonomous And Autonomous Bus Market?
Major companies operating in the semi-autonomous and autonomous bus market report are:
• Bayerische Motoren Werke AG
• Robert Bosch GmbH
• Tesla Inc.
• Intel Corporation
• Daimler Truck
• ZF Friedrichshafen AG
• ZF Press
• AB Volvo
• Denso Corporation
• Qualcomm Inc.
• Continental AG
• Uber Technologies Inc.
• Nvidia Corporation
• Aptiv PLC
• NXP Semiconductor Inc.
• Navya SAS
• Waymo LLC
• Proterra Inc.
• Local Motors
• EasyMile
What Is The Most Dominant Region In The Semi Autonomous And Autonomous Bus Market?
North America was the largest region in the semi-autonomous and autonomous bus market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semi-autonomous and autonomous bus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
