Global Semi-Autonomous & Autonomous Bus Market is valued approximately USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027.
An autonomous vehicle is a vehicle which is capable of navigating and driving without human intervention. This vehicle is fitted with an array of on-board sensors such as radar and (LiDAR) light detection, sonars, high-resolution cameras, three-dimensional ( 3D) cameras to collect , process and navigate information about its environment and laser scanners. Factors such as an driver shortage, increase in road accidents, government policies on safety features are crucial driving forces of the market growth. Additionally, the increasing demand for reliable and efficient bus operations are prominent factors contributing towards the market growth. The key players of global semi-autonomous & Autonomous Bus market have adopted various strategies to gain competitive advantage including mergers and acquisition, product launch, partnerships and agreements, investment, funding and others. For instance, Local Motors Inc. announced its partnership with Robotic Research, LLC in April 2018. The alliance with Robotic Research represents the latest integration of a new technology partner and a showcase of the open development platform of Local Motors. However, high cost of development impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Semi-Autonomous & Autonomous Bus market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of OEMs in the nation that have been offering various semi-autonomous driving features. Additionally, the region is home to many technology corporations that are discovering the autonomous driving technology with testing and trials throughout the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, technologically advanced automotive industry would create lucrative growth prospects for the Semi-Autonomous & Autonomous Bus market across Asia-Pacific region.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Based on the propulsion type:
Based on the level of automation:
Based on the application:
Based on the ADAS feature:
Based on the sensor:
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