Market Research Report
Autonomous Bus Market by Type and Geography - Forecast and Analysis 2020-2024
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||556908|
|Published||Content info||150 Pages
Delivery time: 1-2 business days
|Autonomous Bus Market by Type and Geography - Forecast and Analysis 2020-2024|
|Published: October 31, 2019||Content info: 150 Pages||
Technavio's autonomous bus market analysis considers sales from both fully autonomous and semi-autonomous vehicles. Our report also provides a detailed analysis of the market in APAC, Europe, MEA, North America, and South America. In 2019, the fully autonomous segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as developments in the field of driverless vehicles will play a vital role in the fully autonomous segment to maintain its market position. Also, our global autonomous bus market report looks at factors such as the growing investments in autonomous mobility, favorable guidelines and policies supporting autonomous vehicle development, and growing developments in autonomous vehicle corridors. However, environmental impact of autonomous vehicles, reliability and safety concerns over autonomous driving, and cyberthreats faced by autonomous buses may hamper the growth of the autonomous bus industry over the forecast period.
The development of autonomous vehicle corridors with supporting infrastructure will help in creating a conducive environment for testing, development, and deployment of autonomous buses. For instance, Ohio's Transportation Research Center opened a new state-funded facility, termed Smart Mobility Advanced Research Test (SMART) for autonomous vehicle testing. Similarly, the state of Florida in the US is also planning to invest in the development of smart corridor for autonomous shuttles in Altamonte Springs. These developments will lead to the expansion of the global autonomous bus market at a CAGR of almost 32% during the forecast period.
Connected vehicle service providers are integrating critical technologies for the development of end-to-end lifecycle management solutions. Vehicle-to-cloud solutions ensure secured and intelligent OTA updates for connected and autonomous vehicles. It helps manufacturers to deploy important software updates efficiently and seamlessly for keeping the vehicle up to date with the latest technologies. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global autonomous bus market during the forecast period 2020-2024, view our report.
With the presence of a few major players, the global autonomous bus market is concentrated. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading autonomous bus manufacturers, that include AB Volvo, Continental AG, Daimler AG, Easymile SAS, Navya SA, Robert Bosch GmbH, Toyota Motor Corp., Volkswagen AG, Xiamen King Long United Automotive Industry Co. Ltd., and Zhengzhou Yutong Bus Co. Ltd.
Also, the autonomous bus analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.