PUBLISHER: Persistence Market Research | PRODUCT CODE: 1578358
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1578358
Self-Driving Bus Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031
Persistence Market Research has recently released a comprehensive report on the global self-driving bus market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global self-driving bus market from 2024 to 2031.
Key Insights:
- Self-Driving Bus Market Size (2024E): US$1.59 Bn
- Projected Market Value (2031F): US$9.0 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 28.2%
Self-Driving Bus Market - Report Scope:
Self-driving buses, equipped with advanced autonomous driving technology, play a crucial role in the evolution of public transportation systems. These vehicles utilize sensors, cameras, and artificial intelligence to navigate and transport passengers safely without human intervention. The self-driving bus market caters to urban transit authorities, private transportation companies, and shuttle services, offering a range of bus types designed for various environments, including urban, suburban, and rural settings. Market growth is driven by increasing urbanization, advancements in automation technology, and a growing demand for sustainable public transport solutions.
Market Growth Drivers:
The global self-driving bus market is propelled by several key factors, including rising demand for efficient and sustainable public transportation systems in densely populated urban areas. The integration of smart city initiatives and advancements in vehicle-to-everything (V2X) communication technology further enhance the appeal of self-driving buses. Additionally, the increasing focus on reducing traffic congestion and greenhouse gas emissions encourages investments in autonomous public transit solutions. Furthermore, strategic collaborations between automotive manufacturers and technology providers are accelerating the development and deployment of self-driving bus technologies.
Market Restraints:
Despite promising growth prospects, the self-driving bus market faces challenges related to regulatory hurdles, public acceptance, and safety concerns. The regulatory landscape for autonomous vehicles is still evolving, with varying standards and requirements across different regions, creating uncertainties for manufacturers and operators. Moreover, public apprehension regarding the safety and reliability of self-driving technologies may hinder widespread adoption. Addressing these challenges requires effective communication strategies and robust safety protocols to build trust among stakeholders and the general public.
Market Opportunities:
The self-driving bus market presents significant growth opportunities driven by technological advancements, increasing investments in smart transportation infrastructure, and evolving consumer preferences. The integration of artificial intelligence, machine learning, and big data analytics into autonomous driving systems can enhance operational efficiency and safety. Additionally, the growing trend towards electrification of public transport offers a pathway for self-driving electric buses, aligning with sustainability goals. Investment in pilot programs and public-private partnerships can facilitate the deployment of self-driving buses in various urban environments, fostering innovation and market expansion.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the self-driving bus market globally?
- Which types of self-driving buses and applications are gaining traction across different transportation sectors?
- How are technological advancements reshaping the competitive landscape of the self-driving bus market?
- Who are the key players contributing to the self-driving bus market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global self-driving bus market?
Competitive Intelligence and Business Strategy:
Leading players in the global self-driving bus market, including Waymo LLC, Tesla Inc., and Navya, focus on innovation, strategic partnerships, and regulatory compliance to gain a competitive edge. These companies invest in R&D to develop advanced autonomous driving systems, enhance safety features, and optimize operational efficiency. Collaborations with urban planners, transportation authorities, and technology firms facilitate market access and encourage the adoption of self-driving bus solutions. Furthermore, a strong emphasis on pilot projects and real-world testing is essential to validate technologies and demonstrate the benefits of autonomous public transport.
Key Companies Profiled:
- Waymo LLC
- Tesla Inc.
- Navya
- Proterra Inc.
- Volvo Group
- Daimler AG
- MAN Truck & Bus AG
- EasyMile
- Baidu Inc.
- Yutong Bus Co., Ltd.
Self-Driving Bus Market Segmentation
By Level of Automation
- Level 3
- Level 4
- Level 5
By Component
- Hardware
- Software
- Services
By Region
- North America
- Europe
- Asia Pacific
- Central & South America
- The Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Self Driving Buses Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Other Macro-economic Factors
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
- 2.6. Regulatory Landscape
- 2.7. Value Chain Analysis
- 2.7.1. List of Raw Materials Suppliers
- 2.7.2. List of Level of Automation Manufacturers
- 2.7.3. List of Level of Automation Distributors
- 2.7.4. List of Vehicle Typers
- 2.8. PESTLE Analysis
- 2.9. Porter's Five Force Analysis
3. Price Trend Analysis, 2019-2031
- 3.1. Key Highlights
- 3.2. Key Factors Impacting Level of Automation Prices
- 3.3. Pricing Analysis, By Level of Automation
- 3.4. Regional Prices and Historical and Future Growth Trends
4. Global Self Driving Buses Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 4.1. Key Highlights
- 4.2. Market Size (US$ Bn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 4.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
- 4.3. Global Self Driving Buses Outlook: Level of Automation
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn) Analysis, By Level of Automation, 2019-2023
- 4.3.3. Current Market Size (US$ Bn) Analysis and Forecast, By Level of Automation, 2024-2031
- 4.3.3.1. Level 3
- 4.3.3.2. Level 4
- 4.3.3.3. Level 5
- 4.4. Market Attractiveness Analysis: Level of Automation
- 4.5. Global Self Driving Buses Outlook: Component
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn) Analysis, By Component, 2019-2023
- 4.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 4.5.3.1. Hardware
- 4.5.3.2. Software
- 4.5.3.3. Services
- 4.6. Market Attractiveness Analysis: Component
5. Global Self Driving Buses Outlook: Region
- 5.1. Key Highlights
- 5.2. Historical Market Size (US$ Bn) Analysis, By Region, 2019-2023
- 5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Region, 2024-2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
- 5.4. Market Attractiveness Analysis: Region
6. North America Self Driving Buses Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Level of Automation
- 6.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.5. Current Market Size (US$ Bn) Analysis and Forecast, By Level of Automation, 2024-2031
- 6.5.1. Level 3
- 6.5.2. Level 4
- 6.5.3. Level 5
- 6.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 6.6.1. Hardware
- 6.6.2. Software
- 6.6.3. Services
- 6.7. Market Attractiveness Analysis
7. Europe Self Driving Buses Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Level of Automation
- 7.3.3. By Component
- 7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
- 7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Level of Automation, 2024-2031
- 7.5.1. Level 3
- 7.5.2. Level 4
- 7.5.3. Level 5
- 7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 7.6.1. Hardware
- 7.6.2. Software
- 7.6.3. Services
- 7.7. Market Attractiveness Analysis
8. East Asia Self Driving Buses Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Level of Automation
- 8.3.3. By Component
- 8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
- 8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Level of Automation, 2024-2031
- 8.5.1. Level 3
- 8.5.2. Level 4
- 8.5.3. Level 5
- 8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 8.6.1. Hardware
- 8.6.2. Software
- 8.6.3. Services
- 8.7. Market Attractiveness Analysis
9. South Asia & Oceania Self Driving Buses Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Level of Automation
- 9.3.3. By Component
- 9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
- 9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Level of Automation, 2024-2031
- 9.5.1. Level 3
- 9.5.2. Level 4
- 9.5.3. Level 5
- 9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 9.6.1. Hardware
- 9.6.2. Software
- 9.7. Market Attractiveness Analysis
10. Latin America Self Driving Buses Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Level of Automation
- 10.3.3. By Component
- 10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
- 10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Level of Automation, 2024-2031
- 10.5.1. Level 3
- 10.5.2. Level 4
- 10.5.3. Level 5
- 10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 10.6.1. Hardware
- 10.6.2. Software
- 10.6.3. Services
- 10.7. Market Attractiveness Analysis
11. Middle East & Africa Self Driving Buses Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Level of Automation
- 11.3.3. By Component
- 11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. GCC Countries
- 11.4.2. Egypt
- 11.4.3. South Africa
- 11.4.4. Northern Africa
- 11.4.5. Rest of Middle East & Africa
- 11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Level of Automation, 2024-2031
- 11.5.1. Level 3
- 11.5.2. Level 4
- 11.5.3. Level 5
- 11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 11.6.1. Hardware
- 11.6.2. Software
- 11.6.3. Services
- 11.7. Market Attractiveness Analysis
12. Competition Landscape
- 12.1. Market Share Analysis, 2024
- 12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
- 12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. AB Volvo
- 12.3.1.1. Overview
- 12.3.1.2. Segments and Products
- 12.3.1.3. Key Financials
- 12.3.1.4. Market Developments
- 12.3.1.5. Market Strategy
- 12.3.2. Volkswagen AG
- 12.3.3. Proterra
- 12.3.4. Hyundai Motor Company
- 12.3.5. Hino Motors, Ltd
- 12.3.6. Apollo Baidu
- 12.3.7. MAN Truck & Bus
- 12.3.8. EasyMile
- 12.3.9. New Flyer
- 12.3.10. Toyota Motor Corporation
- 12.3.11. Yutong Group
- 12.3.12. Navyo
- 12.3.13. Novus Hi-Tech Robotic Systemz
- 12.3.14. COAST AUTONOMOUS, INC.
- 12.3.1. AB Volvo
13. Appendix
- 13.1. Research Methodology
- 13.2. Research Assumptions
- 13.3. Acronyms and Abbreviations
