Global Semi-Autonomous & Autonomous Bus Market to witness considerable gains over 2020-2027

December 09, 2020

According to the research report titled ‘Global Semi-Autonomous & Autonomous Bus Market Size study, by propulsion type (Diesel, Electric, Hybrid), by level of automation (Level 1, Level 2 & Level 3, Level 4, Level 5), by application (Shuttle, Intercity/Intracity), by ADAS feature (ACC, AEB, BSD, LKA, IPA, TJA, HP), by sensor (Ultrasonic, Camera, LiDAR, Radar) and Regional Forecasts 2020-2027‘, available with Market Study Report LLC, global semi-autonomous & autonomous bus market is expected to record significant growth during 2020-2027.

Rising road accidents, shortage of drivers, and imposition of government policies regarding safety features are the major factors expected to fuel the global semi-autonomous & autonomous bus market growth during the forecast period. Further, increasing demand for efficient and reliable bus operations is propelling the industry growth. Moreover, incorporation of business tactics such as mergers and acquisition, product launch, partnerships and agreements, investment, funding and others by the leading companies is creating opportunities for the industry growth. However, high development cost of the vehicles is a major factor likely to hamper the global semi-autonomous and autonomous bus market expansion during 2020-2027.  

Based on automation level, the market is segmented into level 5, level 4, level 2 & level 3, and level 1. With regards to propulsion type, the industry is bifurcated into diesel, hybrid, and electric.

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Speaking of sensors, global semi-autonomous & autonomous bus industry is classified into radar, ultrasonic, LiDAR, and camera. With respect to ADAS feature, the industry is divided into traffic jam assist (TJA), automatic emergency braking (AEB), blind spot detection (BSD), adaptive cruise control (ACC), lane keep assist (LKA), intelligent park assist (IPA), and highway pilot (HP). Considering the application terrain, the industry is classified into intercity/intracity, and shuttle.

From a regional frame of reference, worldwide semi-autonomous & autonomous bus market is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. North America market is projected to record significant growth during the study period, mainly due to adoption of advance technology, and existence of OEMs in the region that offer several semi-autonomous driving features.

Meanwhile, Asia Pacific industry is predicted to register the highest growth rate over 2020-2027, owing to increasing disposable income in the region, and technological developments in automotive vertical.

Major players operating in global semi-autonomous & autonomous bus market sphere include Robert Bosch GmbH, EasyMile SAS, Denso Corporation, Daimler AG, Continental AG, Local Motors (LM Industries), Aptiv PLC, Proterra, AB Volvo, Nvidia Corporation, and 2getthere B.V. (acquired by ZF).

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