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Self-Driving Bus Market Analysis By Component(Hardware, Software, Services), By Level of Automation(Level 1, Level 2 , Level 3, Level 4, Level 5), By Propulsion Type(Diesel, Electric, Hybrid), By Application(Intercity, Intracity) & Forecast 2024-2035

  • PUBLISHED ON
  • 9/1/2022
  • NO OF PAGES
  • 219
  • CATEGORY
  • Automotive & Transportation

The global self driving bus market size was valued at US$ 987 million in 2021, and anticipated to grow at a CAGR of 20.2% over the forecast period. Autonomous vehicles, commonly referred to as self-driving vehicles, sense their surroundings by creating an active 3D map of that area using artificial intelligence (AI) software, light detection & ranging (LiDAR), RADAR, and cameras. There are various levels of autonomy, from fully autonomous, which does not require a human operator, to semi-autonomous, which requires driver assistance.

The market demand is expected to be fuelled by the increasing use of automation technologies and investments in research initiatives. The sector is being propelled by a growing emphasis on safe and secure driving along with improved traffic management. For instance, in 2021, Self-driving bus demonstrations has launched in Shanghai. The third-generation autonomous driving platform-based smart connected bus technology is integrated into the vehicles.

Compared to conventional vehicles, autonomous vehicles provide a number of benefits, including increased safety, less fuel consumption, less traffic congestion, and lower pollutants. Additionally, autonomous vehicles can aid in easing traffic congestion. According to a University of Illinois study, it was demonstrated that one autonomous vehicle can reduce traffic congestion by managing the speed of the vehicle when it is stuck in a congestion with 20 other human-driven vehicles. With the usage of autonomous vehicles, fuel consumption is also reduced since when a car slows down, fuel consumption increases. Self-driving buses are therefore expected to support the market growth by reducing traffic congestion and increasing fuel efficiency.

The surge in cybersecurity problems and data breaching activities is the major reason impeding the industry expansion of autonomous buses. Due to technical issues, autonomous buses are still vulnerable to data hacking even after the successful installation of software. Confidential data may leak if the autonomous bus central digital system is accessed without authorization. Therefore, fleet managers are not fully ready to shift to autonomous buses. Government agencies in the US have introduced the Electronic Communications Privacy Act and Federal Communications Act in relation to data and communications relating to autonomous vehicles in order to overcome this limitation.

Level of Automation Insights

By level of automation, the global self driving bus market is classified into Level 1, Level 2, Level 3, Level 4, and Level 5. Under some circumstances, level 4 automation is capable of performing all driving tasks. Controlling the car may be an option for the driver. Due to level 4 vehicles ability to take control in the event of a system breakdown, this segment is expected to grow at a higher CAGR during the projection period.

Propulsion Type Insights

In terms of propulsion type, the global self driving bus market is segmented into diesel, electric, and hybrid. Due to increased global sales of electric vehicles, government support for the electrification of public transportation, and increased private and public organisation initiatives such as subsidies and policies to reduce pollution levels, the electric segment is anticipated to grow at a higher CAGR during the forecast period.

Application Insights

On the basis of application, the intracity segment gain major market share in 2021. The segment's rise is being fuelled by an increase in tourists choosing to stay in cities. Due to the fact that intracity autonomous buses can manage narrow routes with ease and reduce traffic congestion. However, the intercity segment is projected to increase significantly throughout the forecast period.

Regional Insights

In terms of region,  Due to the introduction of driverless buses and increased government support for the development of self-driving buses in several nations, Europe is anticipated to rise significantly. Because of positive customer acceptability in the region and solid government co-operation North America region is a leading region in the worldwide self-driving bus market.

Due to the introduction of the autonomous bus onto public roads and the rise in government spending across a number of nations to develop self-driving buses during the projection period, Asia-Pacific is projected to grow at a substantial rate. On account of the expansion of the connected infrastructure for automobiles during the forecast period, it is predicted that the global self-driving bus market will grow at a rapid rate in the upcoming years.

Key Companies Insights

Some of the major companies studied under the market scope are as follows: AB Volvo, Continental AG, Daimler AG, Hino Motors Ltd, Hyundai Motor Company, Navya, Proterra, Scania AB, Tesla, Volkswagen AG, and Others. Prominent players operating in the market experiences intense competition owing to the presence of large number of players on the global scale. Further, the inorganic strategies adopted by these players such as merger and acquisition, new product launch, geographic expansion, research & development for expanding their product portfolio, and others.

In 2022, EKA, a division of Pinnacle Industries Limited, partnered with NuPort Robotics to integrate cutting-edge driver assistance technologies into their line of electric buses. This effort is a first for the nation and aims to apply and incorporate artificial intelligence (AI) and progressing Level 2 autonomy for electric buses on Indian roadways.

In 2019, Aptiv established the China Autonomous Mobility Center in Shanghai to expand its access to the Chinese market for autonomous vehicles. Such business expansion is expected to broaden the company's line of products.

In 2019, In order to jointly develop the autonomous commercial vehicle and machine decision-making system, the Volvo Group and NVIDIA signed an agreement. A wide range of potential autonomous driving applications, including freight transport, refuse and recycling collection, public transportation, construction, mining, and forestry, will be made possible by the solution, which will be based on NVIDIA's complete software stack for sensor processing, perception, map localization, and path planning.

Segments

By Component

·         Hardware

·         Software

·         Services

By Level of Automation

·         Level 1

·         Level 2

·         Level 3

·         Level 4

·         Level 5

By Propulsion Type

·         Diesel

·         Electric

·         Hybrid

By Application

·         Intercity

·         Intracity

By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   U.K.

o   Germany

o   France

o   Italy

o   Spain

o   Russia

·         Asia-Pacific

o   Japan

o   China

o   India

o   Australia

o   South Korea

o   ASEAN

·         Latin America

o   Brazil

o   Argentina

o   Colombia

·         MEA

o   South Africa

o   Saudi Arabia

o   UAE

o   Egypt


Key Points:
Define, describe and forecast Self-driving Bus product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Self-driving Bus Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Self-driving Bus
1.3 Self-driving Bus Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Self-driving Bus
1.4.2 Applications of Self-driving Bus
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Navya Market Performance Analysis
3.1.1 Navya Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Navya Sales, Value, Price, Gross Margin 2016-2021
3.2 Continental AG Market Performance Analysis
3.2.1 Continental AG Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Continental AG Sales, Value, Price, Gross Margin 2016-2021
3.3 Volvo Buses Market Performance Analysis
3.3.1 Volvo Buses Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Volvo Buses Sales, Value, Price, Gross Margin 2016-2021
3.4 Tesla Market Performance Analysis
3.4.1 Tesla Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Tesla Sales, Value, Price, Gross Margin 2016-2021
3.5 Scania AB Market Performance Analysis
3.5.1 Scania AB Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Scania AB Sales, Value, Price, Gross Margin 2016-2021
3.6 Hino Motors, Ltd. Market Performance Analysis
3.6.1 Hino Motors, Ltd. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Hino Motors, Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.7 Daimler AG Market Performance Analysis
3.7.1 Daimler AG Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Daimler AG Sales, Value, Price, Gross Margin 2016-2021
3.8 Hyundai Motor Company Market Performance Analysis
3.8.1 Hyundai Motor Company Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Hyundai Motor Company Sales, Value, Price, Gross Margin 2016-2021
3.9 Volkswagen AG Market Performance Analysis
3.9.1 Volkswagen AG Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Volkswagen AG Sales, Value, Price, Gross Margin 2016-2021
3.10 Proterra Market Performance Analysis
3.10.1 Proterra Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Proterra Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Self-driving Bus Production and Value by Type
4.1.1 Global Self-driving Bus Production by Type 2016-2021
4.1.2 Global Self-driving Bus Market Value by Type 2016-2021
4.2 Global Self-driving Bus Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Automation Level 3 Market Production, Value and Growth Rate
4.2.2 Automation Level 4 Market Production, Value and Growth Rate
4.2.3 Automation Level 5 Market Production, Value and Growth Rate
4.3 Global Self-driving Bus Production and Value Forecast by Type
4.3.1 Global Self-driving Bus Production Forecast by Type 2021-2026
4.3.2 Global Self-driving Bus Market Value Forecast by Type 2021-2026
4.4 Global Self-driving Bus Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Automation Level 3 Market Production, Value and Growth Rate Forecast
4.4.2 Automation Level 4 Market Production, Value and Growth Rate Forecast
4.4.3 Automation Level 5 Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Self-driving Bus Consumption and Value by Application
5.1.1 Global Self-driving Bus Consumption by Application 2016-2021
5.1.2 Global Self-driving Bus Market Value by Application 2016-2021
5.2 Global Self-driving Bus Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Public Use Market Consumption, Value and Growth Rate
5.2.2 Private Use Market Consumption, Value and Growth Rate
5.3 Global Self-driving Bus Consumption and Value Forecast by Application
5.3.1 Global Self-driving Bus Consumption Forecast by Application 2021-2026
5.3.2 Global Self-driving Bus Market Value Forecast by Application 2021-2026
5.4 Global Self-driving Bus Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Public Use Market Consumption, Value and Growth Rate Forecast
5.4.2 Private Use Market Consumption, Value and Growth Rate Forecast

6 Global Self-driving Bus by Region, Historical Data and Market Forecasts
6.1 Global Self-driving Bus Sales by Region 2016-2021
6.2 Global Self-driving Bus Market Value by Region 2016-2021
6.3 Global Self-driving Bus Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Self-driving Bus Sales Forecast by Region 2021-2026
6.5 Global Self-driving Bus Market Value Forecast by Region 2021-2026
6.6 Global Self-driving Bus Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Self-driving Bus Value and Market Growth 2016-2021
7.2 United State Self-driving Bus Sales and Market Growth 2016-2021
7.3 United State Self-driving Bus Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada Self-driving Bus Value and Market Growth 2016-2021
8.2 Canada Self-driving Bus Sales and Market Growth 2016-2021
8.3 Canada Self-driving Bus Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany Self-driving Bus Value and Market Growth 2016-2021
9.2 Germany Self-driving Bus Sales and Market Growth 2016-2021
9.3 Germany Self-driving Bus Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK Self-driving Bus Value and Market Growth 2016-2021
10.2 UK Self-driving Bus Sales and Market Growth 2016-2021
10.3 UK Self-driving Bus Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France Self-driving Bus Value and Market Growth 2016-2021
11.2 France Self-driving Bus Sales and Market Growth 2016-2021
11.3 France Self-driving Bus Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy Self-driving Bus Value and Market Growth 2016-2021
12.2 Italy Self-driving Bus Sales and Market Growth 2016-2021
12.3 Italy Self-driving Bus Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain Self-driving Bus Value and Market Growth 2016-2021
13.2 Spain Self-driving Bus Sales and Market Growth 2016-2021
13.3 Spain Self-driving Bus Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia Self-driving Bus Value and Market Growth 2016-2021
14.2 Russia Self-driving Bus Sales and Market Growth 2016-2021
14.3 Russia Self-driving Bus Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China Self-driving Bus Value and Market Growth 2016-2021
15.2 China Self-driving Bus Sales and Market Growth 2016-2021
15.3 China Self-driving Bus Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan Self-driving Bus Value and Market Growth 2016-2021
16.2 Japan Self-driving Bus Sales and Market Growth 2016-2021
16.3 Japan Self-driving Bus Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Self-driving Bus Value and Market Growth 2016-2021
17.2 South Korea Self-driving Bus Sales and Market Growth 2016-2021
17.3 South Korea Self-driving Bus Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia Self-driving Bus Value and Market Growth 2016-2021
18.2 Australia Self-driving Bus Sales and Market Growth 2016-2021
18.3 Australia Self-driving Bus Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Self-driving Bus Value and Market Growth 2016-2021
19.2 Thailand Self-driving Bus Sales and Market Growth 2016-2021
19.3 Thailand Self-driving Bus Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Self-driving Bus Value and Market Growth 2016-2021
20.2 Brazil Self-driving Bus Sales and Market Growth 2016-2021
20.3 Brazil Self-driving Bus Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Self-driving Bus Value and Market Growth 2016-2021
21.2 Argentina Self-driving Bus Sales and Market Growth 2016-2021
21.3 Argentina Self-driving Bus Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile Self-driving Bus Value and Market Growth 2016-2021
22.2 Chile Self-driving Bus Sales and Market Growth 2016-2021
22.3 Chile Self-driving Bus Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Self-driving Bus Value and Market Growth 2016-2021
23.2 South Africa Self-driving Bus Sales and Market Growth 2016-2021
23.3 South Africa Self-driving Bus Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Self-driving Bus Value and Market Growth 2016-2021
24.2 Egypt Self-driving Bus Sales and Market Growth 2016-2021
24.3 Egypt Self-driving Bus Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE Self-driving Bus Value and Market Growth 2016-2021
25.2 UAE Self-driving Bus Sales and Market Growth 2016-2021
25.3 UAE Self-driving Bus Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Self-driving Bus Value and Market Growth 2016-2021
26.2 Saudi Arabia Self-driving Bus Sales and Market Growth 2016-2021
26.3 Saudi Arabia Self-driving Bus Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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