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Global Semi-Autonomous And Autonomous Bus Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
The Semi-Autonomous And Autonomous Bus Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Semi-Autonomous And Autonomous Bus Market Size and Projected Growth Rate?
The market size for semi-autonomous and autonomous buses has seen remarkable growth in the past few years. The market is projected to expand from $0.99 billion in 2024 to $1.16 billion in 2025, boasting a compound annual growth rate (CAGR) of 17.2%. The historical growth in this sector can be credited to several factors, including a rise in urban population, enhanced environmental consciousness, regulatory assistance, advancements in smart city infrastructures, and a surge in demand for comfortable and easy-to-use public transportation facilities.
The market size for semi-autonomous and autonomous buses is forecasted to experience a swift expansion in the coming years, with a projected value of $2.22 billion by 2029, and a CAGR of 17.7%. Several factors contribute to this anticipated growth during the predictive period, such as the application of data analytics in optimizing routes, the internationalization of the motor industry, collaborations between the public and private sectors, an increase in digitalization, and evolving consumer tastes. Key emerging trends in the forecast time frame include vehicle electrification, the implementation of advanced driver assistance systems (ADAS), technologies for connected vehicles, autonomy at level 4, and the application of data in decision-making processes.
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What Are the Major Segments in the Semi-Autonomous And Autonomous Bus Market?
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
Subsegments:
1) By Electric Buses: Battery Electric Buses (BEB), Trolleybuses, Fuel Cell Electric Buses
2) By Hybrid Buses: Series Hybrid Buses, Parallel Hybrid Buses, Plug-In Hybrid Buses
3) By Diesel Buses: Standard Diesel Buses, Compressed Natural Gas (CNG) Buses, Biodiesel Buses
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What Are The Driving Semi-Autonomous And Autonomous Bus Market Evolution?
The growth of the semi-autonomous and autonomous bus market is predicted to be fueled by the escalating demand for 5G technology in vehicle connectivity. This connection is achieved through the use of the 5th-generation cellular network, enabling quick, low-delay communications between vehicles, as well as between vehicles and infrastructure. 5G makes it possible for vehicles to communicate directly with each other, enhancing road safety as semi-autonomous and autonomous buses can warn each other of prospective risks and coordinate their movements to prevent accidents. As stated by the Germany-based 5G Automotive Association (5GAA), which focuses on connected and autonomous vehicles, it is projected that by 2025, over 45 million 5G-connected passenger vehicles will be dispatched globally each year. As a result, the growing demand for 5G technology in vehicle interconnectivity is fueling the expansion of the semi-autonomous and autonomous bus market.
Which Firms Dominate The Semi-Autonomous And Autonomous Bus Market Segments?
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
What Trends Are Driving Growth in The Semi-Autonomous And Autonomous Bus Market?
Key players in the semi-autonomous and autonomous bus market, are making strategic partnerships to deliver dependable services to their customers. Such strategic partnerships are agreements between two or more independent entities to cooperate for mutually beneficial, long-term objectives. One such example occurred in May 2023, when Mobileye Global Inc., a company based in Israel known for its autonomous driving technologies and advanced driver-assistance systems, formed a collaboration with MAN Truck & Bus SE, a commercial vehicles provider based in Germany. The purpose of this collaboration was to introduce autonomous city buses. Specifically, the collaboration aimed at integrating Mobileye's Drive technology into MAN's city buses, laying the foundation for automated public transport. The partnership is planned to amalgamate Mobileye's established experience in autonomous driving technology with MAN's proficiency in bus manufacturing and infrastructure, facilitating the creation of reliable and proficient autonomous solutions.
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Which Is The Largest Region In The Semi-Autonomous And Autonomous Bus Market?
North America was the largest region in the semi-autonomous and autonomous bus market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semi-autonomous and autonomous bus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Semi-Autonomous And Autonomous Bus Market?
2. What is the CAGR expected in the Semi-Autonomous And Autonomous Bus Market?
3. What Are the Key Innovations Transforming the Semi-Autonomous And Autonomous Bus Industry?
4. Which Region Is Leading the Semi-Autonomous And Autonomous Bus Market?
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