Abstract
Summary
REPORT HIGHLIGHT
Autonomous electrical bus market was valued at USD XX billion by 2019, growing with XX% CAGR during the forecast period, 2020-2026.
Market Dynamics
An autonomous electric bus is a medium of transportation that is developing on a global platform that uses a high level of technology. These buses are enabled to take passengers from one spot to another using high-end navigation systems and technology without the need for a driver. It further uses a variety of sensors like RADAR sensors LiDar sensors and others that help in ease of navigation and data collection that aids it better and controlled the maneuvering of the bus.
The incorporation of high-end technology such as artificial intelligence is expected to further broaden the horizon for the growth of this industry in the right direction. The major drivers for the growth of this industry can be attributed to the various benefits that self drive bus offers. It helps in lower CO2 emission due to better-controlled driving, lesser accidents that are currently driver associated owing to the accuracy of the car. It is generally advantageous from a control and safety perspective and reduces the overall cost for both the parties involved.
Automation Takeaway
Based on Automation the market has been categorized into Level 3, Level 4 and Level 5. Level 3 of automation involves a conditional level of automation wherein the sensors are used to take over the immediate decisions associated with the environment of the car. This includes taking care of driving in conjunction with the environment, navigation and more. Level 4 is a highly sophisticated level of automation that does not require human intervention in terms of driving. In this type of vehicle, a manual overriding system is available. Level 5 are fully automated systems that can be classified as robo-taxis that are fully functional by themselves.
Types Takeaway
Based on the type, the segment can be divided into two major categories i.e. street and off-road. Currently, owing to its high-end utility and the functions it offers, the predominant market share is held by the street segment. The major reason for individuals to shift to electric bikes is because they want to change their consumer pattern of using the fuel-based vehicles, without hampering their need for daily usage of the vehicle. Mobility is still the primary reason for purchasing the bike as opposed to leisure or sports entertainment purposes. However, the demand for the off-road category is expected to witness a significant rise.
Component Takeaway
Concerning the component, the industry can be classified into hardware, software, and service. Software segment is growing with promising growth rate over the study period. Whereas, hardware segment is anticipated to capture significant revenue share in future period.
Application Takeaway
Based on the application, the market is segmented into Robo Taxi, Civil, Ride Share, Self-driving Bus, Ride Hail, and Self-driving Truck. Self-driving buses are being adopted by various governments across the globe all thanks to its utility. Based on an article published in ‘The Week’, Jan 2019, stated that India had its first self driven bus launched. This bus was completely powered by solar energy, which was used in the Lovely Professional University(LPU). This bus used GPS navigation systems, Bluetooth sensors and image processing for smooth functioning.
Regional Takeaway
North American area dominated the region with regards to the autonomous electrical bus market. One of the major reasons for this region to dominate is the presence of the pre-requisite infrastructure needed to have autonomous buses on the roads. Considering government initiatives, strategic partnerships and technological advancements, the autonomous bus industry in this region continues to grow exponentially. This industry is also witnessing growth in the Asian market. In August 2019, Singapore conducted trials of completely autonomous driven buses that were booked via an app.
Key Vendor Takeaway
The key players involved in the autonomous electric bus market are Audi AG, General Motor Company, Toyota Motor Corporation, Daimler AG, FCA Italy S.p.A., Nissan Motor Corporation, Ford Motor Company, BMW Group, Tesla Inc., Volvo Group, Waymo LLC, Volkswagen AG, and Zoox Inc.
An article published in techcrunch.com stated (Dec 2019), An agreement has been signed between the VW group and the Qatar Investment Authority to roll out autonomous shuttles and buses by 2022. Another news published in the Venture beat website (Nov 2019) stated that Volvo runs its autonomous bus around the depot after tying up with public transport company keolis.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2017 to 2018
Base Year – 2019
Estimated Year – 2020
Projected Year – 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY PLAYERS
Daimler AG
FCA Italy S.p.A.
Audi AG
General Motor Company
Toyota Motor Corporation
Tesla Inc.
Volvo Group
Waymo LLC
Volkswagen AG
Zoox Inc.
Nissan Motor Corporation
Ford Motor Company
BMW Group
MARKET BY AUTOMATION TYPES
Level 3
Level 4
Level 5
MARKET, BY COMPONENT
Hardware
Software
Service
MARKET, BY APPLICATION
Ride Share
Self-driving Truck
Civil
Robo Taxi
Self-driving Bus
Ride Hail
MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
Table of Contents
1 AUTONOMOUS ELECTRICAL BUS MARKET OVERVIEW
1.1 Study Scope
1.2 Assumption and Methodology
2 EXECUTIVE SUMMARY
2.1 Market Snippet
2.1.1 Market Snippet by Automation Types
2.1.2 Market Snippet by Component
2.1.3 Market Snippet by Application
2.1.4 Market Snippet by Region
2.2 Competitive Insights
3 AUTONOMOUS ELECTRICAL BUS KEY MARKET TRENDS
3.1 Market Drivers
3.1.1 Impact Analysis of Market Drivers
3.2 Market Restraints
3.2.1 Impact Analysis of Market Restraints
3.3 Market Opportunities
3.4 Market Future Trends
4 AUTONOMOUS ELECTRICAL BUS INDUSTRY STUDY
4.1 Porter’s Five Forces Analysis
4.2 Marketing Strategy Analysis
4.3 Growth Prospect Mapping
4.4 Regulatory Framework Analysis
5 AUTONOMOUS ELECTRICAL BUS MARKET LANDSCAPE
5.1 Market Share Analysis
5.2 Key Innovators
5.3 Breakdown Data, by Key manufacturer
5.3.1 Established Player Analysis
5.3.2 Emerging Player Analysis
6 AUTONOMOUS ELECTRICAL BUS MARKET - BY AUTOMATION TYPES
6.1 Overview
6.1.1 Segment Share Analysis, By Automation Types, 2019 & 2026 (%)
6.2 Level 3
6.2.1 Overview
6.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
6.3 Level 4
6.3.1 Overview
6.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
6.4 Level 5
6.4.1 Overview
6.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7 AUTONOMOUS ELECTRICAL BUS MARKET - BY COMPONENT
7.1 Overview
7.1.1 Segment Share Analysis, By Component, 2019 & 2026 (%)
7.2 Hardware
7.2.1 Overview
7.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.3 Software
7.3.1 Overview
7.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8 AUTONOMOUS ELECTRICAL BUS MARKET - BY APPLICATION
8.1 Overview
8.1.1 Segment Share Analysis, By Application, 2019 & 2026 (%)
8.2 Ride Share
8.2.1 Overview
8.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.3 Self-driving Truck
8.3.1 Overview
8.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.4 Civil
8.4.1 Overview
8.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.5 Robo Taxi
8.5.1 Overview
8.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.6 Self-driving Bus
8.6.1 Overview
8.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.7 Ride Hail
8.7.1 Overview
8.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9 AUTONOMOUS ELECTRICAL BUS MARKET- BY GEOGRAPHY
9.1 Introduction
9.1.1 Segment Share Analysis, By Region, 2019 & 2026 (%)
9.2 North America
9.2.1 Overview
9.2.2 Key Manufacturers in North America
9.2.3 North America Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.2.4 North America Market Size and Forecast, By Automation Types, 2017 - 2026 (US$ Million)
9.2.5 North America Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.2.6 North America Market Size and Forecast, By Component, 2017 - 2026 (US$ Million)
9.2.7 U.S
- 9.2.7.1 Overview
- 9.2.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.2.8 Canada
- 9.2.8.1 Overview
- 9.2.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3 Europe
9.3.1 Overview
9.3.2 Key Manufacturers in Europe
9.3.3 Europe Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.3.4 Europe Market Size and Forecast, By Automation Types, 2017 - 2026 (US$ Million)
9.3.5 Europe Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.3.6 Europe Market Size and Forecast, By Component, 2017 - 2026 (US$ Million)
9.3.7 Germany
- 9.3.7.1 Overview
- 9.3.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3.8 Italy
- 9.3.8.1 Overview
- 9.3.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3.9 United Kingdom
- 9.3.9.1 Overview
- 9.3.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3.10 France
- 9.3.10.1 Overview
- 9.3.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3.11 Rest of Europe
- 9.3.11.1 Overview
- 9.3.11.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4 Asia Pacific (APAC)
9.4.1 Overview
9.4.2 Key Manufacturers in Asia Pacific
9.4.3 Asia Pacific Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.4.4 Asia Pacific Market Size and Forecast, By Automation Types, 2017 - 2026 (US$ Million)
9.4.5 Asia Pacific Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.4.6 Asia Pacific Market Size and Forecast, By Component, 2017 - 2026 (US$ Million)
9.4.7 India
- 9.4.7.1 Overview
- 9.4.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4.8 China
- 9.4.8.1 Overview
- 9.4.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4.9 Japan
- 9.4.9.1 Overview
- 9.4.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4.10 South Korea
- 9.4.10.1 Overview
- 9.4.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4.11 Rest of APAC
- 9.4.11.1 Overview
- 9.4.11.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.5 Latin America
9.5.1 Overview
9.5.2 Key Manufacturers in Latin America
9.5.3 Latin America Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.5.4 Latin America Market Size and Forecast, By Automation Types, 2017 - 2026 (US$ Million)
9.5.5 Latin America Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.5.6 Latin America Market Size and Forecast, By Component, 2017 - 2026 (US$ Million)
9.5.7 Brazil
- 9.5.7.1 Overview
- 9.5.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.5.8 Mexico
- 9.5.8.1 Overview
- 9.5.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.5.9 Argentina
- 9.5.9.1 Overview
- 9.5.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.5.10 Rest of LATAM
- 9.5.10.1 Overview
- 9.5.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.6 Middle East and Africa
9.6.1 Overview
9.6.2 Key Manufacturers in Middle East and Africa
9.6.3 Middle East and Africa Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.6.4 Middle East and Africa Market Size and Forecast, By Automation Types, 2017 - 2026 (US$ Million)
9.6.5 Middle East and Africa Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.6.6 Middle East and Africa Market Size and Forecast, By Component, 2017 - 2026 (US$ Million)
9.6.7 Saudi Arabia
- 9.6.7.1 Overview
- 9.6.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.6.8 United Arab Emirates
- 9.6.8.1 Overview
- 9.6.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10 KEY VENDOR ANALYSIS
10.1 Volvo Group
10.1.1 Company Snapshot
10.1.2 Financial Performance
10.1.3 Product Benchmarking
10.1.4 Strategic Initiatives
10.2 Waymo LLC
10.3 Volkswagen AG
10.4 Tesla Inc
10.5 FCA Italy S.p.A
10.6 Audi AG
10.7 General Motor Company
10.8 Toyota Motor Corporation
10.9 Zoox, Inc
10.10 Nissan Motor Corporation
10.11 Daimler AG
10.12 Ford Motor Company
10.13 BMW Group
11 360 DEGREE ANALYSTVIEW
12 APPENDIX
12.1 Research Methodology
12.2 References
12.3 Abbreviations
12.4 Disclaimer
12.5 Contact Us