Robo Taxis Global Market Report 2023 – By Component Type (Camera, Radar, LiDAR, Ultrasonic Sensors, Other Component Types), By Service Type (Car Rental, Station Based), By Propulsion (Electric, Battery, Hybrid), By Application (Goods Transportation, Passenger Transportation) – Market Size, Trends, And Global Forecast 2023-2032

Transit and ground passenger transport refers to a transportation service that involves the volume of passengers traveling and provides a variety of passenger transportation services, such as urban transit systems, high-speed rail systems, chartered buses, school buses, and interurban bus transportation. The main types in the transit and ground passenger transport market are commuter rail and public bus services; taxi and limousine services; school and employee bus services; charter bus services; and other transit and ground passenger transportation. The school and employee bus services transport students to and from school and employees to and from offices by operating buses and other motor vehicles. The market is segmented by distance into long-distance and short-distance and by destination into domestic and international. The global transit and ground passenger transport market is segmented - 1) By Type: Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services, Other Transit And Ground Passenger Transport 2) By Distance: Long-Distance, Short-Distance 3) By Destination: Domestic, International Subsegments Covered: Commuter Rail Services (Metro And MMTS), Public Bus Services, Online Taxi Services, Tele And Offline Taxi Services, Limousine Services, Students Bus Services, Employee Bus Services The global transit and ground passenger transport market size grew from $640.25 billion in 2022 to $698.74 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transit and ground passenger transport market is expected to grow to $962.69 billion in 2027 at a CAGR of 8.3%. Faster Economic Growth: The transit and ground passenger transportation markets' growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. Major companies in the transit and ground passenger transport market include Uber, Daimler AG, Metropolitan Transportation Authority, Transport International Holdings Limited, Transport for London (TFL), Duetsche Bahn AG, FirstGroup PLC, National Express Group PLC, Lyft, and MTR Corp ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the transit and ground passenger transportation markets in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of "lock down" and harming businesses throughout 2020 and into 2021. However, the transit and ground passenger transportation markets have started recovering from the shock. Companies are actively pursuing electricity to power buses to reduce carbon emissions and cut costs. Solar buses run on electric batteries, which, in some cases, are also charged by solar panels installed on the roof of the bus. This improves the fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low-maintenance components, allowing the companies to save costs. For instance, Shenzhen in China converted its entire fleet of 16,000 buses to run entirely on electricity. This was made possible by making bus parking roofed with solar panels to enable charging facilities. Major companies involved in manufacturing electric buses include Kiira Motors, BYD Company, Heilongjiang Qiqiar New Energy Automobile Co., Ltd., Bauer's Intelligent Transportation, Yutong, and Volvo buses. Asia-Pacific was the largest region in the transit and ground passenger transport market in 2022. Western Europe was the second largest region in the transit and ground passenger transport market. The regions covered in the transit and ground passenger transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the transit and ground passenger transport market analysis are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The transit and ground passenger transport market includes revenues earned by entities by reducing congestion appearing during travel, increasing land value, reducing costs, and reducing carbon emissions emitted by vehicles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The transit and ground passenger transport market research report is one of a series of new reports from The Business Research Company that provides transit and ground passenger transport market statistics, including transit and ground passenger transport industry, global transit and ground passenger transport market size, regional shares, competitors with a transit and ground passenger transport market share, detailed transit and ground passenger transport market segments, market trends and opportunities, and any further data you may need to thrive in the transit and ground passenger transport industry. This transit and ground passenger transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Taxi and limousine services refer to services in which vehicles are used in transportation and travel that provide passenger transportation via automobiles or vans or provide an array of specialty and luxury passenger transportation services via limousine or luxury sedan, generally on a reserved and on-demand basis. The main types in the taxi and limousine services market are online taxi services, telecab and offline taxi services, and limousine services. These limousine services usually provide services on demand for passenger transportation. The market is segmented by distance into long-distance and short-distance and by application into adults and children. The global taxi and limousine services market is segmented - 1) By Type: Online Taxi Services, Tele And Offline Taxi Services, Limousine Services 2) By Distance: Long-Distance, Short-Distance 3) By Application: Adults, Children The global taxi and limousine services market size grew from $105 billion in 2022 to $113.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The taxi and limousine services market is expected to grow to $153.23 billion in 2027 at a CAGR of 7.7%. The shift in consumer preferences towards travelling in taxis rather than investing in buying a personal car is expected to be a key driver of the taxi and limousine services market. Rising vehicle and fuel prices, heavy traffic, limited parking space availability, and low taxi ridership costs compel people, particularly millennials, to use ride-hailing services. Ride-hailing companies are offering rides at low prices globally. For instance, in the USA, Uber charges a base fare of about $3 and about $2 per mile. In India, Uber offers rides at as low as INR 7/km and Ola offers rides at INR 8/km. This makes a daily taxi ride much cheaper than a car bought on loan. This change in consumer preferences will drive the demand for taxi services going forward. Major companies in the taxi and limousine services market include Uber, Daimler AG, Lyft, MOL Hungarian Oil and Gas plc, ComfortDelGro Corporation, and A2B Australia Ltd. The expected increase in government investments in public transport infrastructure, especially in emerging markets, will be a major restraint on the taxi and limousine services market going forward. It is expected that the overall national metro rail network will increase by 664 kilometers, taking into account the metro construction activities in 15 Indian cities. By 2024, the railways, roads, and highways sector in India is expected to receive INR 30 trillion ($0.42 trillion) to improve the country’s public transport infrastructure. Increasing investments in the public transport infrastructure sector are expected to slow the growth of the taxi and limousine services market in emerging economies. Taxi and limousine service providers are offering shared transportation services to cater to the increasing demand of customers. A shared transportation system is an innovative transportation strategy that enables users to gain short-term access to transportation modes as needed. It includes various forms of transportation, such as car-sharing, bike-sharing, carpooling, and platform-based ride services. Shared transportation systems are growing in the transit and ground passenger transportation industries owing to the cost benefits these systems offer to customers. For example, Uber, an American on-demand cab transportation service provider with an international presence, is offering a shared ride service known as UberPOOL. Ride-sharing companies such as BlaBlaCar and Drivezy also facilitate users to book a seat in vehicles according to their choice by the mere payment of a membership fee or fare. Asia-Pacific was the largest region in the taxi and limousine services market in 2022. Western Europe was the second largest region in the taxi and limousine services market. The regions covered in the taxi and limousine services market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the taxi and limousine services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The taxi and limousine services market includes revenues earned by entities by providing taxis and passenger cars on rent that offer pickup and drop-off services at the door to save passengers' time. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The taxi and limousine services market research report is one of a series of new reports from The Business Research Company that provides taxi and limousine services market statistics, including taxi and limousine services global market size, regional shares, competitors with a taxi and limousine services market share, detailed taxi and limousine services market segments, market trends and opportunities, and any further data you may need to thrive in the taxi and limousine services industry. This taxi and limousine services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Inland water passenger transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of not less than 50 tonnes can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways. The main passenger transportation types in the inland water passenger transport market are canal passenger transportation, intercostal transportation of passengers, lake passenger transportation, water shuttle services, river passenger transportation, ship chartering with the crew, and water taxi services. Lake passenger transportation provides inland water transportation for passengers on lakes. The market is segmented by mode into cruise ships, cargo-passenger ships, ferry ships, and others, and by application into the supply chain, distribution, and end customers. The global inland water passenger transport market is segmented - 1) By Passenger Transportation Type: Canal Passenger Transportation, Intercostal Transportation Of Passengers, Lake Passenger Transportation, Water Shuttle Services, River Passenger Transportation, Ship Chartering With Crew, Water Taxi Services 2) By Mode: Cruise Ships, Cargo-Passenger Ship, Ferry Ships, Other Modes 3) By Application: Supply Chain, Distribution, End Customers The global inland water passenger transport market size will grow from $1.64 billion in 2022 to $1.74 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global inland water passenger transport market is expected to grow to $2.11 billion in 2027 at a CAGR of 4.9%. The rising use of boats through inland waterways as a means of providing sightseeing services is expected to drive the inland waterway passenger transport market. There are many places, such as the Mine Bay Rock Carvings in New Zealand, Horizontal Falls in Australia, AgiaRoumeli in Greece, and others, that are not accessible by roads but only through waterways, generating higher demand for inland waterway passenger transport services. According to Voices navigable de France, the French navigation authority, sightseeing vessels carried 11 million passengers and employed 1,440 people in France. Moreover, according to the European Barge Union's Annual Report 2019-2020, the number of cruise passengers on European rivers increased by 9.9%, reaching 1.79 million passengers. Hence, an increase in the use of boats on inland waterways for sightseeing is boosting the inland waterway passenger transport market. Major players in the inland water passenger transport market are American Commercial Lines LLC, Ingram Industries, Jeffboat, European Cruise Service, Alnmaritec Ltd., Bayliner, Groupe Beneteau, CIWTC, CMA CGM Group, and Carnival Corporation. Safety issues associated with boat services operating on inland waterways like rivers, lakes, and others are expected to limit the growth of the inland water passenger transport market. Traveling by boat on inland waterways is always associated with risks. Overloading, or even minor negligence, can lead to an unfortunate incident that could lead to a loss of life. For instance, according to the Australian Maritime Safety Authority, in August 2020, Australia reported 83 incidents involving domestic commercial vessels. Factors such as overcrowding, not maintaining proper safety measures, natural disasters and sudden climate change are reasons for poor safety for passengers, restricting the growth of the inland water passenger transport market. Companies in the inland water passenger transport market are increasingly implementing technology for enhancing the passenger and guest experience on-board. Cruise and ferry boats are among the first inland waterway passenger ships to adopt and integrate the technology. For instance, in July 2020, Ferryhopper, a Greece-based ferry booking platform, launched the 1st version of Ferryhopper's App. This app enables customers to look up direct and indirect ferry connections, evaluate ferry operators, and check the status of available tickets in real time. In October 2020, Hornblower Group, a USA-based leading yacht and public dining cruise company, acquired Shore Excursions of America for an undisclosed amount. Through this acquisition, Hornblower Group plans to expand its land excursion portfolio while further creating a more seamless booking process for agents and consumers. Shore Excursions of America (SEA) is a US-based provider of cruise extension packages, shore excursions, and uniquely inclusive exploration travel. Western Europe was the largest region in the a inland water passenger transport market in 2022. Asia-Pacific was the second largest region in the global inland water passenger transport market share. The regions covered in the global inland water passenger transport market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the inland water passenger transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The inland water passenger transport market includes revenues earned by entities by providing navigation as well as drainage, irrigation, water supply, and hydroelectric power generation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The inland water passenger transport market research report is one of a series of new reports from The Business Research Company that provides inland water passenger transport market statistics, including inland water passenger transport industry global market size, regional shares, competitors with an inland water passenger transport market share, detailed inland water passenger transport market segments, market trends and opportunities, and any further data you may need to thrive in the inland water passenger transport industry. This inland water passenger transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Online taxi services refer to transportation and travel service that are provided by digital middlemen who act as a link between customers and taxi drivers, either through a mobile platform, GPS-enabled applications, or radio signals. They are mainly engaged in providing passenger transportation by taxi that is booked using a mobile application. The online taxi services market covered in this report is segmented by service type into ride-hailing and ride-sharing. Ride-sharing refers to an arrangement or instance involving the sharing of rides in a motor vehicle with other people, mainly commuters. The different types of vehicles include motorcycles and cars and involve various payment modes, such as online and cash. The several types of rides include individual, carpool/share, The global online taxi services market is segmented - 1) By Service Type: Ride-Hailing, Ride Sharing 2) By Vehicle Type: Motorcycles, Cars 3) By Payment Mode: Online, Cash 4) By Ride Type: Individual, Car Pool/ Share The global online taxi services market size will grow from $34.82 billion in 2022 to $38.54 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global market size of the online taxi services is expected to grow to $56.37 billion in 2027 at a CAGR of 10.0%. Rising internet penetration drives the demand for the online taxi service market. The availability of high-speed internet connectivity and the convenience associated with using online services is shifting consumer preferences towards online taxi services. According to the Internet World Stats, the number of internet users increased from 4,208 million to 4,833 million in June 2020. Furthermore, internet users in India are expected to grow from 636.73 million in 2019 to 974.86 million by the end of 2025. A growing number of internet users with smartphones now have taxi services at their fingertips that give the drivers’ details and location and benefit the user, thereby fuelling the demand for the growth of online taxi services market. Major players in the online taxi services market are Ola (ANI Technologies Private Limited), Uber India Systems Private Limited, Lyft Inc., Didi Chuxing, GrabTaxi Holdings Pte Ltd., Carzonrent (India) Private Limited, Mega Cabs Private Limited, Meru Mobility Tech Private Limited, and Savaari Car Rentals Private Limited. Stringent regulations imposed on online taxi service operations limit the growth of the online taxi service market. As a result of numerous reports of assault and molestation against online taxi services, governments around the world have imposed stringent regulations on their providers. These incidents call for a strong policy to secure customers. Governments have imposed strict background checks on Uber and Lyft drivers and mandated fingerprint background checks to avoid such incidents any further. Other regulations imposed by governments to comply with the service providers include India’s Motor Vehicle (Amendment) Bill 2016 and Information Technology Act, 2000, Malaysia’s Commercial Vehicles Licensing Board Act 1987 (Act 334) ('CVLBA 1987') and the Land Public Transport Act 2010 ('LPTA 2010')(Act 715). The laws under the act regulate both e-hailing operators and drivers. Moreover, e-hailing service providers are mandated to have an intermediation business licence to operate their business in Malaysia. Thus, the stringent rules and regulations imposed on taxi services are restricting the growth of the online taxi services market during the forecast period. The launch of self-driving taxi services is gaining popularity in the online taxi service market. Major players operating in the industry are continuously focused on introducing innovations and technologies to better serve the needs of consumers. For instance, in August 2020, AutoX, an autonomous driving start-up, announced the public launch of Robo-taxi services in China. In August 2022, Ola Cabs, an India-based online taxi and car booking company, announced a merger agreement with Uber Technologies, Inc. for an undisclosed amount. Through this merger, both companies joined forces to improve taxi rentals, ride services, and customer experiences to enhance business outcomes. Uber Technologies, Inc. is a mobility-as-a service company based in the United States that pioneered food delivery, online taxi bookings, and hotel reservations. Asia-Pacific was the largest region in the online taxi services market in 2022. Western Europe was the second largest region in the global online taxi services market share. The regions covered in the global online taxi services analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the online taxi services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The online taxi services market includes revenues earned by entities by providing transportation and shipping services by bringing drivers and riders onto one platform to ease travel. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The online taxi services market research report is one of a series of new reports from The Business Research Company that provides online taxi services market statistics, including global market size, regional shares, competitors with an online taxi services market share, detailed online taxi services market segments, market trends and opportunities, and any further data you may need to thrive in the online taxi services industry. This online taxi services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An autonomous car means navigating a vehicle without human input from passengers using sensing equipment (LIDAR), environmental sensitive control equipment, and navigation equipment. The main product types in the autonomous cars market are semi-autonomous vehicles and fully-autonomous vehicles. Semi-autonomous vehicles are cars that will accelerate, decelerate, and stop without human intervention. The applications involved are civil, robot taxi, ride-hail, ride-share, and others. The types involved are battery electric vehicles (BEV), internal combustion engines (ICE), and hybrid electric vehicles (HEV). The global autonomous cars market is segmented - 1) By Product Type: Semi-Autonomous Vehicles, Fully-Autonomous Vehicles 2) By Application: Civil, Robo Taxi, Ride Hail, Ride Share, Other Applications 3) By Type: Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV) The global autonomous cars market size will grow from $931.34 billion in 2022 to $1,047.13 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous cars is expected to grow to $1,651.37 billion in 2027 at a CAGR of 12.1%. The rise in the development of smart cities is a key factor driving the growth of the autonomous cars market. Electric autonomous cars help reduce air pollution in smart cities and also help to fight climate change. By using driverless cars, traffic accidents can be decreased by 90%, significantly improving the safety of our roads. Several countries, such as Mexico, Canada, and the United States, are deploying digital infrastructure to promote communication between vehicles and networks to collect essential information, thereby reducing traffic congestion and improving road safety. Therefore, the rise in the development of smart cities is expected to drive the growth of the autonomous cars market. Major players in the autonomous cars market are BMW Group, Tesla Inc., Ford Motor Company, General Motors Company, Nissan Motor Corporation, Daimler AG, Toyota Motor Corporation, Volkswagen AG, Volvo Group, and Waymo LLC. Cybersecurity and safety concerns are the key factors hindering the growth of the autonomous cars market. Although the self-driving car market has enormous growth potential, many customers are not quite ready to hand over the keys owing to the threat of hackers as they can try to steal data and self-driving cars can go unofficial by exposing their driving routes and destinations, which could threaten the privacy of passengers. The prospect of hackers taking control of the vehicles is even more concerning. In July 2020, cybersecurity researchers used the latest hacking techniques to hack into the electrical systems of a Jeep Cherokee. Using the Internet, they were able to obtain wireless control of the Jeep Cherokee, giving them access to the Jeep’s entertainment system, allowing them to relay commands to its dashboard functions, steering, brakes, and transmission, and they were ready to do all of this remotely from 10 miles away from the vehicle's location. The correlation between these attacks on common IoT devices and attacks on a connected or autonomous vehicle is the possibility of increased life and property risk in the vehicle context. Full automation vehicles are a key trend in the autonomous cars market. Full automation vehicles are capable of performing all driving functions in all circumstances. These vehicles are being designed to be used as Robo-taxis, among others, such as Waymo. Eventually, these self-driving cars will blend into U.S. roadways by improving technology across six stages of driver assistance in the forecast period, from no automation (where a fully engaged driver is still required) to full autonomation (where an automated vehicle runs independently without a human driver). Tesla has confirmed that it plans to provide a software update to its vehicles sometime by the end of 2019 or early 2020. Also, according to Wired, by the end of 2020, Tesla will be fully autonomous. In January 2022, Magna International, a Canada-based company that develops car mobility technology, acquired Optimus Ride for an undisclosed amount. This acquisition boosts Magna International’s development of advanced driver assistance systems (ADAS). Optimus Ride, a US-based autonomous vehicle company, works on autonomous cars, providing mobility services. Asia-Pacific was the largest region in the autonomous cars market in 2022. Western Europe was the second largest region in the autonomous cars market share. The regions covered in the global autonomous cars market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous cars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The autonomous cars market consists of sales of driver assistance cars, partial automation cars, conditional automation cars and high automation cars. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The autonomous cars market research report is one of a series of new reports from The Business Research Company that provides autonomous cars market statistics, including global market size, regional shares, competitors with an autonomous cars market share, detailed autonomous cars market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous car industry. This autonomous cars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A commercial vehicle is a vehicle with a license to transport goods or materials rather than people. A commercial vehicle is used for commercial or business purposes. The main types in the commercial vehicle market include light commercial vehicles, heavy trucks, buses, and coaches. Light commercial vehicles refer to vehicles that are no more than 3.5 metric tons. The various fuel types are gasoline, diesel, and other fuel types. The various propulsion types include IC engines and electric vehicles. Commercial vehicles are used in mining and construction, logistics, passenger transportation, and other applications. The global commercial vehicle market is segmented - 1) By Type: Light Commercial Vehicle, Heavy Trucks, Buses And Coaches 2) By Fuel Type: Gasoline, Diesel, Other Fuel Types 3) By Application: Mining & Construction, Logistics, Passenger Transportation, Other Applications 4) By Propulsion Type: IC Engine, Electric Vehicle The global commercial vehicle market size grew from $819.24 billion in 2022 to $908.43 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial vehicle market is expected to grow to $1345.23 billion in 2027 at a CAGR of 10.3%. Advances in technology are expected to be a continued driver of market growth in the forecast period. The commercial vehicle industry has experienced many technological advances in the last decade, and this trend is expected to intensify. According to Forbes, the ten new features in 2020 include autonomous driving; driver override systems; biometric vehicle access; comprehensive vehicle tracking; active window displays; remote vehicle shutdown; active health monitoring; four-cylinder supercars; smart and personalized in-car marketing; and reconfigurable body panels. These innovations are expected to drive the commercial vehicle market during the forecast period. Major companies in the commercial vehicles market include Volkswagen AG, Daimler AG, Toyota Motor Corp, Peugeot, General Motors Co, Ford Motor Co, SAIC, Motor Co Ltd., Volvo AB, Bayerische Motoren Werke AG, and Kia Motors Corp. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the commercial vehicle market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the commercial vehicle market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Major commercial vehicle manufacturers are investing in driverless car technologies to reduce traffic congestion, prevent accidents and save fuel. Driverless commercial vehicles can sense their surrounding environment and navigate through an area without the involvement of humans using radar, GPS, and computer vision technology. With this technology becoming realistic, many companies are expected to be part of the production and design of driverless vehicles. Companies such as UPS and Amazon are testing driverless commercial vehicles to improve operational efficiencies and reduce costs. North America was the largest region in the commercial vehicles market in 2022. Asia-Pacific was the second-largest region in the commercial vehicle market. The regions covered in the commercial vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motorcycle, bicycles, and parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The commercial vehicle market consists of sales of trucks, buses, trailers, taxis, heavy equipment, trailers, and travel trailers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commercial vehicles market research report is one of a series of new reports from The Business Research Company that provides commercial vehicle market statistics, including commercial vehicle industry, global commercial vehicle market size, regional shares, competitors with a commercial vehicle market share, detailed commercial vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the commercial vehicle industry. This commercial vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

School and employee bus services refer to modes of local transportation of people that provide buses and other motor vehicles to transport people to and from school or employees to and from work to enhance safety of kids, reduce time of travel, and reduce carbon emissions to protect the environment from environmental damage from air pollution. The main types in the school and employee bus service markets are student bus services and employee bus services. The students' bus services provide buses and other motor vehicles to transport students to and from school. The market is segmented by ownership into company-owned transportation services, outsourced transportation services, rentals, and pick-and-drop transportation services and by service type into mobility as a service (MaaS) and software as a service (SaaS). The global school and employee bus services market is segmented - 1) By Type: Students Bus Services, Employee Bus Services 2) By Ownership: Company Owned Transportation Service, Outsourced Transportation Service, Rentals, Pick and Drop Transportation Service 3) By Service Type: Mobility as a Service (MaaS), Software as a Service (SaaS) The global school and employee bus services market size grew from $51.54 billion in 2022 to $55.83 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The school and employee bus services market is expected to grow to $75.22 billion in 2027 at a CAGR of 7.7%. The school and employee bus transportation market is increasing with the increase in the enhanced safety features in the buses. The industry has begun using in-wheel alcohol detection systems to combat drunk driving. This technology consists of sensors that are placed into the steering wheel and help to detect the driver’s skin oil and lock the bus before going on the road in case of alcohol detection. It enables us to prevent unsafe and careless driving. These advanced technologies equipped on buses are drastically increasing the school and employee bus service market. Major companies in the school and employee bus services market include FirstGroup PLC, National Express Group PLC, A2B Australia Ltd., Student Transportation Inc., Transdev, and North America Central School Bus. Asia-Pacific was the largest region in the school and employee bus services market in 2022. Western Europe was the second largest region in the school and employee bus services market. The regions covered in the school and employee bus services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the school and employee bus services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The school and employee bus services market includes revenues earned by entities by providing transportation facilities for employees and students on a regular basis to pick up and drop off, saving time. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The school and employee bus services market research report is one of a series of new reports from The Business Research Company that provides school and employee bus services market statistics, including school and employee bus services global market size, regional shares, competitors with a school and employee bus services market share, detailed school and employee bus services market segments, market trends and opportunities, and any further data you may need to thrive in the school and employee bus services industry. This school and employee bus services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Mobility aids and transportation equipment are medical devices used to transport patients or medical products from one place to another. The main types of mobility aids and transportation equipment are electrically powered wheelchairs, manual wheelchairs, walking aids, mobility scooters, stretchers, and stair lifts. A walking aid is one of the devices a patient issued to improve their walking pattern, balance, or safety while mobilizing independently. The age group involved are mobility aids for children and mobility aids for the elderly. The various end-users are hospitals, clinics, and households. The global mobility aids and transportation equipment market is segmented - 1) By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts 2) By End User: Hospital, Clinic, Household 3) By Age Group: Mobility Aids for Children, Mobility Aids for Elderly The global mobility aids and transportation equipment market size will grow from $2.94 billion in 2022 to $3.18 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the mobility aids and transportation equipment is expected to grow to $4.12 billion in 2027 at a CAGR of 6.7%. A large aging population will give an impetus to the mobility aids & transportation equipment market. Elderly populations suffer from age-related diseases resulting in impaired mobility. The risk from rheumatoid arthritis and osteoporosis is more in the geriatric population. According to WHO, the worldwide geriatric population will double by 2050 from 12% to 22%, propelling the mobility aids & transportation equipment market growth. Major players in the mobility aids and transportation equipment market are Medline Industries, Hoveround Corporation, Sunrise Medical LLC., OttoBock Healthcare GmbH, Medline Industries, GF Health Products Inc., Invacare Corporation, LEVO AG, Permobil AB, and Hill-Rom Holdings Inc. Insurance companies have attempted to control the costs of health care by shifting more of the responsibility to the individual. In In 2020, the out-of-pocket has increased maximum to $8,200 for individual plans and $16,400 for family plans. Insurance companies are attempting to discourage overuse by making subscribers more price-sensitive through high deductibles, co-pays, and co-insurance (the portion of the health care bill for which the subscriber is responsible after the deductibles have been met). Japanese automakers introduced a single-seat self-driving car to aid and assist people who find walking or using public transit difficult. This self-driving car is smartphone or tablet enabled – pick a destination on the map and the pathfinding system in the vehicle will take care of the rest. It is equipped with a navigation system which will help to get from point A to B, a gyro sensor helps the car to remain stable on uneven surfaces, 2D and 3D laser sensors will be used to judge distance from items and stereo cameras will be used to detect obstacles in its path. The car is designed to maneuver easily through city streets, pavements, and footpaths. Sensors and guidance systems will help the vehicle to navigate around bumps, potholes, and pedestrians. The Australian Road Rules (ARRs) regulate the use of 'motorized wheelchairs' on roads or road-related areas such as footpaths. A motorized wheelchair, which is not able to travel faster than 10 km/h on level ground, is recognized under the ARRs as a pedestrian. This means that users are subject to the general road rules applied to pedestrians. A motorized wheelchair that can travel faster than 10 km/h on level ground is treated as a vehicle, which means that the person using the device is treated as a driver, who is subject to all of the road rules applying to drivers of vehicles. In June 2021, a consortium of private equity firms acquired Medline for the deal of the $34 billion amount. This acquisition is to accelerate international expansion and strengthen its global supply chain. Medline is a US-based healthcare company. Asia-Pacific was the largest region in global mobility aids and transportation equipment market in 2022. North America was the second-largest region in global mobility aids and transportation equipment market share. The regions covered in the mobility aids and transportation equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the mobility aids and transportation equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The mobility aids and transportation equipment market consist of sales of electrically powered wheelchairs, manual wheelchairs, walking aids, mobility scooters, stretchers, and stair lifts. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mobility aids and transportation equipment market research report is one of a series of new reports from The Business Research Company that provides mobility aids and transportation equipment market statistics, including mobility aids and transportation equipment industry global market size, regional shares, competitors with a mobility aids and transportation equipment market share, detailed mobility aids and transportation equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mobility aids and transportation equipment industry. This mobility aids and transportation equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.