Market Overview:
The global autonomous electric bus market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric buses, rising concerns over environment pollution, and government initiatives towards adoption of green transportation. The global autonomous electric bus market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into semi-autonomous bus and fully-autonomous bus. The semi-autonomous bus segment is expected to dominate the global autonomous electric bus market during the forecast period owing to its low cost as compared to fully-autonomous buses. However, with technological advancements in autonomous driving technology, fully-autonomous buses are expected to witness high growth rates during the forecast period. On the basis of application, City Traffic accounted for majority share in 2017 and it is projected that this trend would continue throughout 2030 owing stringent emission norms by regulatory authorities across different geographies coupled with growing inclination towards public transportations over personal vehicles ownership globally .Intercity traffic was second largest application area in 2017and it would grow at highest CAGR due increased spending on infrastructure development by regional governments across globe Autonomous Electric Bus finds major applications at School Transport ,Airport Transportations & Other Applications which collectively holds more than 60% share in terms of revenue generated from sales .
Product Definition:
An autonomous electric bus is a bus that operates without a driver. It is important because it can help reduce traffic congestion and emissions.
Semi-autonomous Bus:
Semi-autonomous bus is a type of hybrid electric bus that has manual driving mode and semi-automatic passenger mode. In this vehicle, the driver can take his/her hands off the steering wheel only when the vehicle is in motion. The technology used in these vehicles varies from country to country.
Fully-autonomous Bus:
Fully-autonomous bus is a vehicle without any drivers. It is an autonomous electric bus that uses GPS and sensors to navigate without the help of any human intervention. Fully-autonomous buses are expected to be commercialized by 2021, which would enable cities to completely eliminate traffic congestion for the first time ever.
Application Insights:
The city traffic application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to the increasing number of smart cities project across the globe, which is expected to boost demand for such vehicles in urban areas. For instance, a joint venture between Volvo and Mitsubishi Electric will operate 40 autonomous electric buses in Gothenburg, Sweden by 2019 as part of a trial run.
The inter-city traffic application segment is expected to expand at the fastest CAGR over 9 years from 2018 to 2030 owing to growing passenger travel demand and extensive highway networks across various regions worldwide.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to increasing investments by public transport operators and technological advancements. For instance, in December 2016, Alphabet Inc., a US-based company, announced its plan to develop a fully autonomous bus that would ply on highways without any human intervention. Such initiatives are expected to increase the adoption of these buses across North American countries over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising government initiatives for developing smart cities and expanding metro networks across various countries such as China and India among others.
Growth Factors:
- Increasing demand for public transportation: The increasing population and the subsequent increase in the number of vehicles on the road has resulted in traffic congestion and pollution. This has led to an increased demand for public transportation, which is expected to drive the autonomous electric bus market.
- Government initiatives: Governments across the globe are promoting electric vehicles through various initiatives such as subsidies, tax rebates, and parking privileges. This is expected to drive the autonomous electric bus market during the forecast period.
- Technological advancements: Autonomous driving technology is rapidly evolving, which is resulting in increased adoption of autonomous vehicles, including buses. This is expected to propel growth of the autonomous electric bus market duringthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Autonomous Electric Bus Market Research Report
By Type
Semi-autonomous Bus, Fully-autonomous Bus
By Application
City Traffic, Inter-city Traffic, School, Airport, Other
By Companies
AB Volvo, Daimler Group, EasyMile SAS, NAVYA, Toyota, Volkswagen, Xiamen King-Long, Zhengzhou Yutong
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Autonomous Electric Bus Market Report Segments:
The global Autonomous Electric Bus market is segmented on the basis of:
Types
Semi-autonomous Bus, Fully-autonomous Bus
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
City Traffic, Inter-city Traffic, School, Airport, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AB Volvo
- Daimler Group
- EasyMile SAS
- NAVYA
- Toyota
- Volkswagen
- Xiamen King-Long
- Zhengzhou Yutong
Highlights of The Autonomous Electric Bus Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Semi-autonomous Bus
- Fully-autonomous Bus
- By Application:
- City Traffic
- Inter-city Traffic
- School
- Airport
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Autonomous Electric Bus Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An autonomous electric bus is a bus that uses electric power to move passengers. This type of bus is typically quieter and more efficient than traditional buses, and it can also be equipped with features such as Wi-Fi and GPS navigation.
Some of the major players in the autonomous electric bus market are AB Volvo, Daimler Group, EasyMile SAS, NAVYA, Toyota, Volkswagen, Xiamen King-Long, Zhengzhou Yutong.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Autonomous Electric Bus Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Autonomous Electric Bus Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Autonomous Electric Bus Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Autonomous Electric Bus Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Autonomous Electric Bus Market Size & Forecast, 2018-2028
4.5.1 Autonomous Electric Bus Market Size and Y-o-Y Growth
4.5.2 Autonomous Electric Bus Market Absolute $ Opportunity
Chapter 5 Global Autonomous Electric Bus Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Autonomous Electric Bus Market Size Forecast by Type
5.2.1 Semi-autonomous Bus
5.2.2 Fully-autonomous Bus
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Autonomous Electric Bus Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Autonomous Electric Bus Market Size Forecast by Applications
6.2.1 City Traffic
6.2.2 Inter-city Traffic
6.2.3 School
6.2.4 Airport
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Autonomous Electric Bus Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Autonomous Electric Bus Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Autonomous Electric Bus Analysis and Forecast
9.1 Introduction
9.2 North America Autonomous Electric Bus Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Autonomous Electric Bus Market Size Forecast by Type
9.6.1 Semi-autonomous Bus
9.6.2 Fully-autonomous Bus
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Autonomous Electric Bus Market Size Forecast by Applications
9.10.1 City Traffic
9.10.2 Inter-city Traffic
9.10.3 School
9.10.4 Airport
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Autonomous Electric Bus Analysis and Forecast
10.1 Introduction
10.2 Europe Autonomous Electric Bus Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Autonomous Electric Bus Market Size Forecast by Type
10.6.1 Semi-autonomous Bus
10.6.2 Fully-autonomous Bus
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Autonomous Electric Bus Market Size Forecast by Applications
10.10.1 City Traffic
10.10.2 Inter-city Traffic
10.10.3 School
10.10.4 Airport
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Autonomous Electric Bus Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Autonomous Electric Bus Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Autonomous Electric Bus Market Size Forecast by Type
11.6.1 Semi-autonomous Bus
11.6.2 Fully-autonomous Bus
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Autonomous Electric Bus Market Size Forecast by Applications
11.10.1 City Traffic
11.10.2 Inter-city Traffic
11.10.3 School
11.10.4 Airport
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Autonomous Electric Bus Analysis and Forecast
12.1 Introduction
12.2 Latin America Autonomous Electric Bus Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Autonomous Electric Bus Market Size Forecast by Type
12.6.1 Semi-autonomous Bus
12.6.2 Fully-autonomous Bus
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Autonomous Electric Bus Market Size Forecast by Applications
12.10.1 City Traffic
12.10.2 Inter-city Traffic
12.10.3 School
12.10.4 Airport
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Autonomous Electric Bus Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Autonomous Electric Bus Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Autonomous Electric Bus Market Size Forecast by Type
13.6.1 Semi-autonomous Bus
13.6.2 Fully-autonomous Bus
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Autonomous Electric Bus Market Size Forecast by Applications
13.10.1 City Traffic
13.10.2 Inter-city Traffic
13.10.3 School
13.10.4 Airport
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Autonomous Electric Bus Market: Competitive Dashboard
14.2 Global Autonomous Electric Bus Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AB Volvo
14.3.2 Daimler Group
14.3.3 EasyMile SAS
14.3.4 NAVYA
14.3.5 Toyota
14.3.6 Volkswagen
14.3.7 Xiamen King-Long
14.3.8 Zhengzhou Yutong
