Global Autonomous Bus Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Fully autonomous, and Semi-autonomous.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn168001989 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Autonomous Bus Market (USD Million), 2020 - 2030

In the year 2023, the Global Autonomous Bus Market was valued at USD 2,758.31 million. The size of this market is expected to increase to USD 12,363.50 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 23.9%.

The Global Autonomous Bus Market represents a transformative shift in the public transportation landscape, with autonomous technology poised to redefine how passengers commute in urban and suburban environments. As cities grapple with congestion, pollution, and the need for efficient mobility solutions, autonomous buses emerge as a promising avenue for addressing these challenges. These buses, equipped with advanced sensors, cameras, and artificial intelligence algorithms, have the capability to navigate roads, interact with traffic, and transport passengers with minimal human intervention.

Autonomous buses hold the potential to revolutionize public transportation by offering safer, more convenient, and environmentally friendly travel options. With features such as collision avoidance systems, adaptive cruise control, and real-time route optimization, these buses promise enhanced safety and efficiency on the roads. Autonomous technology opens doors to new possibilities in urban planning and mobility services, enabling cities to create smarter, more sustainable transportation networks. The widespread adoption of autonomous buses also brings forth a myriad of challenges, including regulatory hurdles, infrastructure requirements, and public acceptance. As stakeholders navigate these complexities, collaboration between governments, technology providers, and transportation agencies becomes essential to realize the full potential of autonomous buses. Despite the challenges, the Global Autonomous Bus Market presents unprecedented opportunities for innovation and collaboration in shaping the future of urban mobility.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Region
  4. Global Autonomous Bus Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. AI for smarter route planning
        2. Smart cities push autonomous bus use
        3. Rise of on-demand transit
        4. Improved access for elderly and disabled
      2. Restraints
        1. Infrastructure gaps like charging stations
        2. Challenges in complex traffic scenarios
        3. Weather-related reliability concerns
        4. Labor opposition to job losses
      3. Opportunities
        1. Integrating with existing transit
        2. Extending services to remote areas
        3. Expanding trials in cities
        4. Strengthening charging and connectivity
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Autonomous Bus Market, By Type, 2020 - 2030 (USD Million)
      1. Fully autonomous
      2. Semi-autonomous
    2. Global Autonomous Bus Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. AB Volvo
      2. Continental AG
      3. Daimler AG
      4. Easymile SAS
      5. Navya SA
  7. Analyst Views
  8. Future Outlook of the Market