The global semi-autonomous & autonomous bus market revenue was around US$ 0.81 billion in 2023 and is estimated to reach US$ 2.93 billion by 2032, growing at a compound annual growth rate (CAGR) of 15.36% during the forecast period from 2024 to 2032.
Semi-autonomous & autonomous bus controls all the protection functions on their own as they can sense the surrounding driving conditions. This bus is operated at a longer distance with lower human effort. It assists the driver in regaining control by offering adequate transition time. It can aid decrease traffic congestion.
Market Driving Factors
Transportation infrastructure across the world is evolving rapidly due to the immediate adoption of the Internet of Things (IoT). For instance, the installation of IoT sensors in the Las Vegas streets has been handled to control traffic congestion and solve environmental problems. Connected infrastructure includes toll booths, car parking, traffic lights, and smart streets. Thus, the growth of connected infrastructure creates favorable conditions for the adoption of autonomous buses, which, in turn, propels market growth.
An increase in semi-autonomous & autonomous projects is estimated to boost the market growth. In March 2023, General Motors revealed its new semi-autonomous vehicle, the Ultra Cruise, beginning with its integration into Cadillac models. This technology aims to confirm no crashes and traffic jams. Such projects for autonomous driving technology are estimated to offer lucrative opportunities in the market.
Autonomous vehicles need a high amount of computational power as the amount of data generated is massive. In addition, this vehicle interacts with different intelligent transportation systems, which create a large amount of data. Therefore, it requires a proper processing system and data storage. Such factors are estimated to hinder the market growth.
Regional Analysis
North America dominated the market in terms of the largest shares and is expected to maintain its dominance during the projection period. This can be mainly due to the key players such as Gillig, New Flyer, Novabus, Thomas Built Buses, and Bluebird providing cutting-edge buses in the region which will ultimately increase the demand for the semi-autonomous & autonomous bus in the region.
Asia Pacific is estimated to dominate the market in terms of the growth rate. This is owing to nations such as Japan, China, and South Korea, which have a technologically cutting-edge automotive industry. In addition, these countries are capable of adopting technology and producing on a mass level which will benefit the market. Moreover, this region is heavily reliance on buses as a public transport medium which is estimated to increase the Semi-Autonomous & Autonomous Bus demand. Therefore, recent developments in autonomous technologies and immediate technology adoption are predicted to boost the market in the region.
Segmentation Insights
In terms of application insight, the shuttle segment is estimated to dominate the market in terms of revenue. This is because they are already commercialized. Various big key players such as Easy Mile, and local motors have developed self-driven shuttles. They assist in increasing the frequency of public traveling buses and also enhance safety and efficiency because the shuttle is more profitable in autonomous vehicles. Furthermore, autonomous shuttles could communicate with the environment via infrastructures and other vehicles for smoother driving, without frequently accelerating and braking.
Prominent Companies
Segmentation Outline
The global semi-autonomous & autonomous bus market segmentation focuses on the Level of Automation, Mode of Operation, Application, Propulsion Type, and Region.
By Level of Automation
By Mode of Operation
By Application
By Propulsion Type
By Region
[ TABLE OF CONTENT ]
1 INTRODUCTION OF GLOBAL SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET, By Level of Automation
5.1 OVERVIEW
5.2 Level 1
5.3 Level 2
5.4 Level 3
5.5 Level 4
5.6 Level 5
6 GLOBAL SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET, By Mode of Operation
6.1 OVERVIEW
6.2 Semi-Autonomous
6.3 Autonomous
7 GLOBAL SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET, By Application
7.1 OVERVIEW
7.2 Shuttle
7.3 Intracity
7.4 Intercity
8 GLOBAL SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET, By Propulsion Type
8.1 OVERVIEW
8.2 Electric
8.3 Hybrid
9 GLOBAL SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL SEMI-AUTONOMOUS & AUTONOMOUS BUS MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 Scania
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 Denso
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 Intel
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 Continental
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 NVIDIA
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 Daimler
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 EasyMile
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8 AB Volvo
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 Local Motors
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 BMW
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 2getthere
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 Qualcomm
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 Proterra
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 Bosch
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 Aptiv
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 NAVYA
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.17 NXP
10.17.1 OVERVIEW
10.17.2 FINANCIAL PERFORMANCE
10.17.3 PRODUCT OUTLOOK
10.17.4 KEY DEVELOPMENTS
10.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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