Self-Driving Bus Market Key Players Analysis 2031
The Self-Driving Bus Market is expected to register a CAGR of 27.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Level of Automation (Level 1, Level 2, Level 3, Level 4, Level 5); Component (Hardware, Software, Services). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Self-Driving Bus Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Self-Driving Bus Market Segmentation
Level of Automation- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
- Hardware
- Software
- Services
Strategic Insights
Self-Driving Bus Market Growth Drivers- Improvement in Connectivity Technologies: Growth in the Self-Driving Bus Market is being fuelled by the rapid advancement of connectivity technologies, including 4G, LTE, and soon to be followed by 5G networks. These improvements allow vehicles to communicate with each other and with infrastructure in order to have a better driving experience, ensure safety, and navigate roads.
- The Growing Consumer Demand for Connectivity: There is an increasing trend of consumers' preferences in vehicles with connectivity technologies. The vehicles that are equipped with high connectivity options have gained wide acceptance among the customers. It is seen that the drivers seek in-vehicle entertainment, navigation, and safety solutions that rely on real-time data and internet connectivity.
- Government Support and Regulations: Many governments around the globe are investing in smart city initiatives and proffering favorable regulations to support autonomous vehicles. Policies that create a conducive environment for innovation, especially in transportation technologies and self-driving buses, enhance the growth of the market and further infrastructure for autonomous solutions.
- Expansion of Self-Driving Technologies: Combining connected vehicles technologies with autonomous driving systems can open the floodgates of new opportunities. As the industry starts getting into fully autonomous vehicles, there would be a growing need for good connectivity solutions. This would empower more secure and efficient traveling times. Organizations making investments in this space could take advantage of the rapidly escalating trend towards automation.
- New Advancements in Smart City Infrastructure:The connected buses promises the city bright opportunities in interaction with the urban infrastructure. Such infrastructure encompasses traffic management systems, parking solutions, and transport networks of public road vehicles. Cooperation between automotive manufacturers and city planners may lead to new solutions directed at making mobility for people in a city better and un-congested.
- Shift Towards Enhanced Safety Features: Better Safety Feature Trends-Increased Depolyment of Advanced Safety Solutions in Connected Vehicles Improved safety features are an absolute trend. Collision Avoidance systems, real-time traffic conditions, and emergency response capabilities automatically become standard fitments in new models. These will ensure that there is better compliance with regulation and consumer concerns, which drives much wider adoption in connected technologies.
- Collaboration between Tech and the Automotive Industry: There is a growing trend of collaboration between technology firms and automotive manufacturers to develop autonomous driving systems for buses. Companies such as Waymo, Tesla, and traditional bus manufacturers are working together to speed up the deployment of self-driving buses and push the limits of vehicle automation.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Self-Driving Bus Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Self-Driving Bus Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Self-Driving Bus Market is estimated to witness a CAGR of 27.3% from 2023 to 2031
The major factors driving the Self-Driving Bus Market are:Technological Advancements#Increasing Consumer Demand for Connectivity
Shift Towards Enhanced Safety Features is the key future trend of the Self-Driving Bus Market
The leading players operating in the Self-Driving Bus Market include AB Volvo, LILEE Systems, Daimler AG, Hino Motors, Ltd., EasyMile, Navya, Proterra, Volkswagen Group, and Rivian
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Self-Driving Bus Market - By Level of Automation
1.3.2 Self-Driving Bus Market - By Component
1.3.3 Self-Driving Bus Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SELF-DRIVING BUS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SELF-DRIVING BUS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SELF-DRIVING BUS MARKET - GLOBAL MARKET ANALYSIS
6.1. SELF-DRIVING BUS - GLOBAL MARKET OVERVIEW
6.2. SELF-DRIVING BUS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SELF-DRIVING BUS MARKET - REVENUE AND FORECASTS TO 2028 - LEVEL OF AUTOMATION
7.1. OVERVIEW
7.2. LEVEL OF AUTOMATION MARKET FORECASTS AND ANALYSIS
7.3. LEVEL 1
7.3.1. Overview
7.3.2. Level 1 Market Forecast and Analysis
7.4. LEVEL 2
7.4.1. Overview
7.4.2. Level 2 Market Forecast and Analysis
7.5. LEVEL 3
7.5.1. Overview
7.5.2. Level 3 Market Forecast and Analysis
7.6. LEVEL 4
7.6.1. Overview
7.6.2. Level 4 Market Forecast and Analysis
7.7. LEVEL 5
7.7.1. Overview
7.7.2. Level 5 Market Forecast and Analysis
8. SELF-DRIVING BUS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
8.1. OVERVIEW
8.2. COMPONENT MARKET FORECASTS AND ANALYSIS
8.3. HARDWARE
8.3.1. Overview
8.3.2. Hardware Market Forecast and Analysis
8.4. SOFTWARE
8.4.1. Overview
8.4.2. Software Market Forecast and Analysis
8.5. SERVICES
8.5.1. Overview
8.5.2. Services Market Forecast and Analysis
9. SELF-DRIVING BUS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Self-Driving Bus Market Overview
9.1.2 North America Self-Driving Bus Market Forecasts and Analysis
9.1.3 North America Self-Driving Bus Market Forecasts and Analysis - By Level of Automation
9.1.4 North America Self-Driving Bus Market Forecasts and Analysis - By Component
9.1.5 North America Self-Driving Bus Market Forecasts and Analysis - By Countries
9.1.5.1 United States Self-Driving Bus Market
9.1.5.1.1 United States Self-Driving Bus Market by Level of Automation
9.1.5.1.2 United States Self-Driving Bus Market by Component
9.1.5.2 Canada Self-Driving Bus Market
9.1.5.2.1 Canada Self-Driving Bus Market by Level of Automation
9.1.5.2.2 Canada Self-Driving Bus Market by Component
9.1.5.3 Mexico Self-Driving Bus Market
9.1.5.3.1 Mexico Self-Driving Bus Market by Level of Automation
9.1.5.3.2 Mexico Self-Driving Bus Market by Component
9.2. EUROPE
9.2.1 Europe Self-Driving Bus Market Overview
9.2.2 Europe Self-Driving Bus Market Forecasts and Analysis
9.2.3 Europe Self-Driving Bus Market Forecasts and Analysis - By Level of Automation
9.2.4 Europe Self-Driving Bus Market Forecasts and Analysis - By Component
9.2.5 Europe Self-Driving Bus Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Self-Driving Bus Market
9.2.5.1.1 Germany Self-Driving Bus Market by Level of Automation
9.2.5.1.2 Germany Self-Driving Bus Market by Component
9.2.5.2 France Self-Driving Bus Market
9.2.5.2.1 France Self-Driving Bus Market by Level of Automation
9.2.5.2.2 France Self-Driving Bus Market by Component
9.2.5.3 Italy Self-Driving Bus Market
9.2.5.3.1 Italy Self-Driving Bus Market by Level of Automation
9.2.5.3.2 Italy Self-Driving Bus Market by Component
9.2.5.4 United Kingdom Self-Driving Bus Market
9.2.5.4.1 United Kingdom Self-Driving Bus Market by Level of Automation
9.2.5.4.2 United Kingdom Self-Driving Bus Market by Component
9.2.5.5 Russia Self-Driving Bus Market
9.2.5.5.1 Russia Self-Driving Bus Market by Level of Automation
9.2.5.5.2 Russia Self-Driving Bus Market by Component
9.2.5.6 Rest of Europe Self-Driving Bus Market
9.2.5.6.1 Rest of Europe Self-Driving Bus Market by Level of Automation
9.2.5.6.2 Rest of Europe Self-Driving Bus Market by Component
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Self-Driving Bus Market Overview
9.3.2 Asia-Pacific Self-Driving Bus Market Forecasts and Analysis
9.3.3 Asia-Pacific Self-Driving Bus Market Forecasts and Analysis - By Level of Automation
9.3.4 Asia-Pacific Self-Driving Bus Market Forecasts and Analysis - By Component
9.3.5 Asia-Pacific Self-Driving Bus Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Self-Driving Bus Market
9.3.5.1.1 Australia Self-Driving Bus Market by Level of Automation
9.3.5.1.2 Australia Self-Driving Bus Market by Component
9.3.5.2 China Self-Driving Bus Market
9.3.5.2.1 China Self-Driving Bus Market by Level of Automation
9.3.5.2.2 China Self-Driving Bus Market by Component
9.3.5.3 India Self-Driving Bus Market
9.3.5.3.1 India Self-Driving Bus Market by Level of Automation
9.3.5.3.2 India Self-Driving Bus Market by Component
9.3.5.4 Japan Self-Driving Bus Market
9.3.5.4.1 Japan Self-Driving Bus Market by Level of Automation
9.3.5.4.2 Japan Self-Driving Bus Market by Component
9.3.5.5 South Korea Self-Driving Bus Market
9.3.5.5.1 South Korea Self-Driving Bus Market by Level of Automation
9.3.5.5.2 South Korea Self-Driving Bus Market by Component
9.3.5.6 Rest of Asia-Pacific Self-Driving Bus Market
9.3.5.6.1 Rest of Asia-Pacific Self-Driving Bus Market by Level of Automation
9.3.5.6.2 Rest of Asia-Pacific Self-Driving Bus Market by Component
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Self-Driving Bus Market Overview
9.4.2 Middle East and Africa Self-Driving Bus Market Forecasts and Analysis
9.4.3 Middle East and Africa Self-Driving Bus Market Forecasts and Analysis - By Level of Automation
9.4.4 Middle East and Africa Self-Driving Bus Market Forecasts and Analysis - By Component
9.4.5 Middle East and Africa Self-Driving Bus Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Self-Driving Bus Market
9.4.5.1.1 South Africa Self-Driving Bus Market by Level of Automation
9.4.5.1.2 South Africa Self-Driving Bus Market by Component
9.4.5.2 Saudi Arabia Self-Driving Bus Market
9.4.5.2.1 Saudi Arabia Self-Driving Bus Market by Level of Automation
9.4.5.2.2 Saudi Arabia Self-Driving Bus Market by Component
9.4.5.3 U.A.E Self-Driving Bus Market
9.4.5.3.1 U.A.E Self-Driving Bus Market by Level of Automation
9.4.5.3.2 U.A.E Self-Driving Bus Market by Component
9.4.5.4 Rest of Middle East and Africa Self-Driving Bus Market
9.4.5.4.1 Rest of Middle East and Africa Self-Driving Bus Market by Level of Automation
9.4.5.4.2 Rest of Middle East and Africa Self-Driving Bus Market by Component
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Self-Driving Bus Market Overview
9.5.2 South and Central America Self-Driving Bus Market Forecasts and Analysis
9.5.3 South and Central America Self-Driving Bus Market Forecasts and Analysis - By Level of Automation
9.5.4 South and Central America Self-Driving Bus Market Forecasts and Analysis - By Component
9.5.5 South and Central America Self-Driving Bus Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Self-Driving Bus Market
9.5.5.1.1 Brazil Self-Driving Bus Market by Level of Automation
9.5.5.1.2 Brazil Self-Driving Bus Market by Component
9.5.5.2 Argentina Self-Driving Bus Market
9.5.5.2.1 Argentina Self-Driving Bus Market by Level of Automation
9.5.5.2.2 Argentina Self-Driving Bus Market by Component
9.5.5.3 Rest of South and Central America Self-Driving Bus Market
9.5.5.3.1 Rest of South and Central America Self-Driving Bus Market by Level of Automation
9.5.5.3.2 Rest of South and Central America Self-Driving Bus Market by Component
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SELF-DRIVING BUS MARKET, KEY COMPANY PROFILES
11.1. AB VOLVO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. LILEE SYSTEMS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DAIMLER AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HINO MOTORS, LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EASYMILE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NAVYA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PROTERRA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VOLKSWAGEN GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RIVIAN
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NEW FLYER (NFI GROUP INC.)
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.AB Volvo
2.LILEE Systems
3.Daimler AG
4.Hino Motors, Ltd.
5.EasyMile
6.Navya
7.Proterra
8.Volkswagen Group
9.Rivian
10.New Flyer (NFI Group Inc.)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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