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Autonomous Bus Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jul 2022
  • Pages: 143
  • SKU: IRTNTR40072
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The autonomous bus market share is expected to increase to 3679 million units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 30.75%.

The autonomous bus market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers autonomous bus market segmentation by type (fully autonomous and semi-autonomous) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

The autonomous bus market report also offers information on several market vendors, including AB Volvo, Aptiv Plc, Coast Autonomous Inc., Continental AG, DeepBlue Technology Shanghai Co. Ltd., Easymile SAS, Hyundai Motor Group, Lilee Technology Inc., LM Industries Group Inc., Mercedes Benz Group AG, Navya SA, NFI Group Inc., NVIDIA Corp., Porsche Automobil Holding SE, Proterra Inc., Robert Bosch GmbH, Toyota Motor Corp., Xiamen King Long United Automotive Industry Co. Ltd., Yutong Bus Co.Ltd., and ZF Friedrichshafen AG among others.

AB Volvo - AB Volvo is a public company headquartered in Sweden. It is a global company generating USD 45,522.02 million in revenues and has around 95,850 employees. Its revenue from the global autonomous bus market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. The company offers autonomous buses namely, Volvo 7900. 

What will the Autonomous Bus Market Size be During the Forecast Period?

Autonomous Bus Market Size

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Parent Market Analysis

Technavio categorizes the autonomous bus market as a part of the global automotive market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the autonomous bus market during the forecast period. 

Autonomous Bus Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The growing investments in autonomous mobility are notably driving the autonomous bus market growth, although factors such as the environmental impact of autonomous vehicles may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A?holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage. 

Key Autonomous Bus Market Driver

  • One of the key factors driving growth in the autonomous bus market is the growing investments in autonomous mobility.
  • In recent years, many OEMs, autonomous vehicle technology developers, and system integrators have been investing a significant amount of capital in driverless mobility.
  • The market is witnessing several M&A, which are acting as a market enablers.
  • In July 2019, Navya, a developer of autonomous driving systems, signed a Memorandum of Understanding (MoU) with ESMO Corp. and SK Telecom Co. Ltd. The partnership was aimed to encourage developments in autonomous driving features using 5G in South Korea. Navya would provide autonomous driving technology to incorporate the required systems and autonomous functionalities with 5G technology, which is already available in South Korea.
  • ESMO would handle the design and localization of components for autonomous driving, while SK Telecom would provide connectivity solutions. Such developments are fueling the growth of the market.

Key Autonomous Bus Market Trend

  • The increase in autonomous bus launches is one of the key autonomous bus market trends that is expected to impact the industry positively in the forecast period.    ??????? 
  • Advances in the development of new autonomous buses have been a result of the increasing focus on safe and reliable autonomous driving.
  • In January 2019, Bosch showcased a new autonomous shuttle concept at CES 2019 in Las Vegas, US. The autonomous shuttle unveiled by the company uses a minimalistic design, with an outer shell made of glass and display screens. The company develops components and systems for electrifying, connecting, and automating shuttles.
  • The launch of new buses will further support the market growth in the coming years. 

Key Autonomous Bus Market Challenge

  • One of the key challenges to the autonomous bus market growth is the environmental impact of autonomous vehicles.
  • The adoption of advanced automotive technologies, such as ADAS and connectivity systems, is paving the way for the future of mobility. However, there are certain downsides associated with autonomous vehicles, such as high energy consumption, environmental concerns, and adverse impact on human life.
  • In autonomous vehicles, it is speculated that the individual vehicle's efficiency may improve, but the overall energy consumption may increase owing to the use of connectivity technologies, high-speed networks, connected infrastructure, and others. 
  • There are several concerns regarding the impact of autonomous vehicles on the environment and humans.
  • The rare-earth elements are critical for the manufacturing of systems and components required for autonomous driving. The presence of such downsides is acting as an inhibitor to the growth of the market. 

This autonomous bus market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Autonomous Bus Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the autonomous bus market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report. 

Which are the Key Regions for Autonomous Bus Market?

Autonomous Bus Market Market segmentation by region

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35% of the market's growth will originate from Europe during the forecast period. The Netherlands is the key market for autonomous buses in Europe. Market growth in this region will be faster than the growth of the market in South America.

The availability of well-developed and high-speed road infrastructure in the European Union (EU) countries will facilitate the autonomous bus market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 in the region severely impacted the growth of several industries, including automotive units. Several market players in the industry shut down their production operations temporarily in the first half of 2020, which adversely affected the autonomous bus market in 2020. However, the initiation of large-scale COVID-19 vaccination programs by governments across the region and the restoration of supply chain activities stabilized the growth of the market in 2021. Furthermore, the announcement of lucrative economic stimulus packages and ongoing developments in the autonomous vehicle industry is expected to boost the growth of the autonomous bus market in the region during the forecast period.

What are the Revenue-generating Type Segments in the Autonomous Bus Market?

Autonomous Bus Market Segmentation

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The autonomous bus market share growth by the fully autonomous segment will be significant during the forecast period. The growth is attributed to the increasing penetration of high-speed networks such as 5G across the world is driving developments in fully autonomous buses. The growing capital investments by autonomous system developers and OEMs will further support the growth of the fully autonomous segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the autonomous bus market size and actionable market insights on the post-COVID-19 impact on each segment. 

Autonomous Bus Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 30.75%

Market growth 2022-2026

3679 million units

Market structure

Fragmented

YoY growth (%)

30.37

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 35%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Volvo, Aptiv Plc, Coast Autonomous Inc., Continental AG, DeepBlue Technology Shanghai Co. Ltd., Easymile SAS, Hyundai Motor Group, Lilee Technology Inc., LM Industries Group Inc., Mercedes Benz Group AG, Navya SA, NFI Group Inc., NVIDIA Corp., Porsche Automobil Holding SE, Proterra Inc., Robert Bosch GmbH, Toyota Motor Corp., Xiamen King Long United Automotive Industry Co. Ltd., Yutong Bus Co.Ltd., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Autonomous Bus Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive autonomous bus market growth during the next five years
  • Precise estimation of the autonomous bus market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the autonomous bus industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of autonomous bus market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (actual units)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (actual units)
      • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Semi-autonomous - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Semi-autonomous - Market size and forecast 2021-2026 (actual units)
      • Exhibit 29: Data Table on Semi-autonomous - Market size and forecast 2021-2026 (actual units)
      • Exhibit 30: Chart on Semi-autonomous - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Semi-autonomous - Year-over-year growth 2021-2026 (%)
    • 5.4 Fully autonomous - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Fully autonomous - Market size and forecast 2021-2026 (actual units)
      • Exhibit 33: Data Table on Fully autonomous - Market size and forecast 2021-2026 (actual units)
      • Exhibit 34: Chart on Fully autonomous - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Fully autonomous - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type (actual units)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 (actual units)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 (actual units)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 (actual units)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 (actual units)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (actual units)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (actual units)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 (actual units)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (actual units)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 (actual units)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 (actual units)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 (actual units)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 (actual units)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 The Netherlands - Market size and forecast 2021-2026
      • Exhibit 66: Chart on The Netherlands - Market size and forecast 2021-2026 (actual units)
      • Exhibit 67: Data Table on The Netherlands - Market size and forecast 2021-2026 (actual units)
      • Exhibit 68: Chart on The Netherlands - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on The Netherlands - Year-over-year growth 2021-2026 (%)
    • 7.10 France - Market size and forecast 2021-2026
      • Exhibit 70: Chart on France - Market size and forecast 2021-2026 (actual units)
      • Exhibit 71: Data Table on France - Market size and forecast 2021-2026 (actual units)
      • Exhibit 72: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.11 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 (actual units)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 (actual units)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 (actual units)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 (actual units)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography (actual units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 AB Volvo
              • Exhibit 89: AB Volvo - Overview
              • Exhibit 90: AB Volvo - Business segments
              • Exhibit 91: AB Volvo - Key news
              • Exhibit 92: AB Volvo - Key offerings
              • Exhibit 93: AB Volvo - Segment focus
            • 10.4 Continental AG
              • Exhibit 94: Continental AG - Overview
              • Exhibit 95: Continental AG - Business segments
              • Exhibit 96: Continental AG - Key news
              • Exhibit 97: Continental AG - Key offerings
              • Exhibit 98: Continental AG - Segment focus
            • 10.5 Easymile SAS
              • Exhibit 99: Easymile SAS - Overview
              • Exhibit 100: Easymile SAS - Product / Service
              • Exhibit 101: Easymile SAS - Key news
              • Exhibit 102: Easymile SAS - Key offerings
            • 10.6 Mercedes Benz Group AG
              • Exhibit 103: Mercedes Benz Group AG - Overview
              • Exhibit 104: Mercedes Benz Group AG - Product / Service
              • Exhibit 105: Mercedes Benz Group AG - Key offerings
            • 10.7 Navya SA
              • Exhibit 106: Navya SA - Overview
              • Exhibit 107: Navya SA - Product / Service
              • Exhibit 108: Navya SA - Key offerings
            • 10.8 Porsche Automobil Holding SE
              • Exhibit 109: Porsche Automobil Holding SE - Overview
              • Exhibit 110: Porsche Automobil Holding SE - Business segments
              • Exhibit 111: Porsche Automobil Holding SE - Key offerings
              • Exhibit 112: Porsche Automobil Holding SE - Segment focus
            • 10.9 Robert Bosch GmbH
              • Exhibit 113: Robert Bosch GmbH - Overview
              • Exhibit 114: Robert Bosch GmbH - Business segments
              • Exhibit 115: Robert Bosch GmbH - Key news
              • Exhibit 116: Robert Bosch GmbH - Key offerings
              • Exhibit 117: Robert Bosch GmbH - Segment focus
            • 10.10 Toyota Motor Corp.
              • Exhibit 118: Toyota Motor Corp. - Overview
              • Exhibit 119: Toyota Motor Corp. - Business segments
              • Exhibit 120: Toyota Motor Corp. - Key news
              • Exhibit 121: Toyota Motor Corp. - Key offerings
              • Exhibit 122: Toyota Motor Corp. - Segment focus
            • 10.11 Xiamen King Long United Automotive Industry Co. Ltd.
              • Exhibit 123: Xiamen King Long United Automotive Industry Co. Ltd. - Overview
              • Exhibit 124: Xiamen King Long United Automotive Industry Co. Ltd. - Product / Service
              • Exhibit 125: Xiamen King Long United Automotive Industry Co. Ltd. - Key offerings
            • 10.12 Yutong Bus Co.Ltd.
              • Exhibit 126: Yutong Bus Co.Ltd. - Overview
              • Exhibit 127: Yutong Bus Co.Ltd. - Product / Service
              • Exhibit 128: Yutong Bus Co.Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Autonomous Bus Market market growth will increase by $3679 mn units during 2022-2026.
              The autonomous bus market market is expected to grow at a CAGR of 30.75% during 2022-2026.
              Technavio has segmented the autonomous bus market market by type (Semi-autonomous and Fully autonomous) ,geography (Europe, APAC, North America, Middle East and Africa, and South America) , and geographic (Europe, APAC, North America, MEA, and South America).
              AB Volvo, Aptiv Plc, Coast Autonomous Inc., Continental AG, DeepBlue Technology Shanghai Co. Ltd., Easymile SAS, Hyundai Motor Group, Lilee Technology Inc., LM Industries Group Inc., Mercedes Benz Group AG, Navya SA, NFI Group Inc., NVIDIA Corp., Porsche Automobil Holding SE, Proterra Inc., Robert Bosch GmbH, Toyota Motor Corp., Xiamen King Long United Automotive Industry Co. Ltd., Yutong Bus Co.Ltd., ZF Friedrichshafen AG are a few of the key vendors in the autonomous bus market market.
              Europe will register the highest growth rate of 35% among the other regions. Therefore, the autonomous bus market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • The Netherlands
              • France
              • Germany
              The key factors driving the autonomous bus market market growth are:
              • Growing investments in autonomous mobility
              • Increase in autonomous bus launches
              The autonomous bus market market vendors should focus on grabbing business opportunities from the semi-autonomous segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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