Global Semi-Autonomous And Autonomous Bus Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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The semi-autonomous and autonomous bus market has witnessed rapid growth, escalating from $0.83 billion in 2023 to $0.99 billion in 2024, reflecting a compound annual growth rate (CAGR) of 18.3%. This growth is attributed to factors such as the increasing urban population, growing environmental awareness, regulatory support, development of smart city infrastructure, and rising demand for convenient and comfortable public transportation options. Forecasts suggest continued rapid growth, with the market poised to reach $1.86 billion by 2028, showcasing a CAGR of 17.5%. Projected drivers include utilization of data analytics for route optimization, globalization of the automotive industry, public-private partnerships, rise in digitalization, and changing consumer preferences. Notable trends encompass electrification, advanced driver assistance systems (ADAS), connected vehicle technologies, level 4 autonomy, and data-driven decision-making.
The semi-autonomous and autonomous bus market is primed for robust expansion, driven by the escalating demand for 5G technology. Fifth-generation (5G) cellular network technology facilitates high-speed, low-latency communication among vehicles, enhancing road safety and connectivity. Projections by the 5G Automotive Association anticipate over 45 million annual 5G-connected passenger vehicles globally by 2025, reflecting the integral role of 5G technology in driving the growth of the semi-autonomous and autonomous bus market.
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What Are The Key Trends That Influence Semi-Autonomous And Autonomous Bus Market Share Analysis?
Major companies operating in the semi-autonomous and autonomous bus market are focusing on strategic collaborations to provide reliable services to customers. A strategic collaboration is an agreement between two or more independents to work towards mutually beneficial, long-term goals. For example, in May 2023, Mobileye Global Inc., an Israel-based developer of autonomous driving technologies, collaborated with MAN Truck & Bus SE, a Germany-based commercial vehicle provider, to bring autonomous city buses to the streets. This collaboration integrates Mobileye’s Drive technology into MAN’s city buses, paving the way for automated public transit.
Which Market Players Are Driving Growth 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
How Is The Global 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
Read The Full Semi-Autonomous And Autonomous Bus Market Report Here
The Semi-Autonomous And Autonomous Bus Global Market Report 2024 provides an overview of the semi-autonomous and autonomous busmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The semi-autonomous and autonomous bus market forecast analyzes semi-autonomous and autonomous bus market size, semi-autonomous and autonomous bus market share, leading competitor and their market positions.
The Table Of Content For The Semi-Autonomous And Autonomous Bus Market Include
1. Semi-Autonomous And Autonomous Bus Market Executive Summary
2. Semi-Autonomous And Autonomous Bus Market Segments
3. Semi-Autonomous And Autonomous Bus Market Size And Template Market Growth Rate
4. Key Semi-Autonomous And Autonomous Bus Market Trends
5. Major Semi-Autonomous And Autonomous Bus Market Drivers
……
25. Key Mergers And Acquisitions In The Semi-Autonomous And Autonomous Bus Market
26. Top Semi-Autonomous And Autonomous Bus Companies
27. Semi-Autonomous And Autonomous Bus Market Opportunities And Strategies
28. Semi-Autonomous And Autonomous Bus Market, Conclusions And Recommendations
29. Appendix
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