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Semi-Autonomous and Fully Autonomous Bus Market Size, Trends & Forecasts | Valuates Reports
Semi-Autonomous and Fully Autonomous Bus Market SizeThe global market for Semi-Autonomous and Fully Autonomous Bus was valued at US$ 933 million in the year 2024 and is projected to reach a revised size of US$ 2436 million by 2031, growing at a CAGR of 14.9% during the forecast period.
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A semi-autonomous bus is a public transportation vehicle that combines automated driving technology with human supervision. These buses are equipped with various sensors and systems that allow them to operate with limited human intervention. However, a human driver or operator is present on board to monitor the vehicle"s performance, handle complex traffic situations, and take control if needed.
A fully autonomous bus, on the other hand, is a self-driving vehicle that operates without human intervention. These buses are equipped with advanced sensors, artificial intelligence, and communication systems that enable them to navigate, make decisions, and interact with the environment without a human driver on board.
The market for semi-autonomous and fully autonomous buses is a significant part of the autonomous transportation sector. Semi-autonomous buses are often seen as a transitional step towards fully autonomous transportation. These buses are used in public transportation systems, providing efficiency and safety benefits while retaining human oversight. Fully autonomous buses are expected to revolutionize public transportation by offering cost-effective, safe, and convenient mobility solutions. The market serves public transportation agencies, technology providers, and municipalities, and it is influenced by advancements in autonomous technology, regulatory support, and the need for sustainable and efficient transportation.
By Type
• Semi-Autonomous Bus
• Fully Autonomous Bus
By Application
• Intercity
• Intracity
Key Companies
Baidu Apollo, ECHIEV, MOGO, WeRide, QCraft, Unity Drive, UISEE, SenseAuto, Freetech, Ant Ranger, Nuro, Udelv, Local Motors, Navya, EasyMile, 2GetThere, Yutong, LeddarTech, Coast Autonomous, Toyota
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