Global Semi-Autonomous And Autonomous Bus Market Projected to Surpass $2.22 Billion by 2029 with 17.7% Annual Growth

What industry-specific factors are fueling the growth of the semi-autonomous and autonomous bus market?
The growth of the semi-autonomous and autonomous bus market is predicted to be driven by the escalating demand for 5G technology used for vehicle connectivity. The term refers to the application of fifth-generation cellular network technology in facilitating rapid, low-latency connections between vehicles (V2V) and between vehicles and infrastructure (V2X). By promoting direct communication between vehicles, 5G can help enhance road safety, permitting semi-autonomous and autonomous buses to warn each other of potential dangers and synchronize their movements to avoid collisions. For example, the 5G Automotive Association (5GAA), a company based in Germany that fosters the connected and autonomous vehicle industry, anticipates that over 45 million 5G-connected passenger vehicles will be distributed worldwide annually by 2025. Consequently, the growing demand for 5G vehicle connectivity technology is fueling the sensemi-autonomous and autonomous bus market.

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What Is the projected market size and growth rate for the semi-autonomous and autonomous bus market?
The market size of semi-autonomous and autonomous buses has shown significant expansion in the recent past. It is predicted to rise from a valuation of $0.99 billion in 2024 to $1.16 billion by 2025, with a compound annual growth rate (CAGR) of 17.2%. Factors such as a burgeoning urban populace, escalating consciousness about the environment, supportive regulations, the evolution of smart city infrastructure, and heightened demand for easy and comfortable public transportation methodologies, contributed to this growth in the historical period.

Expectations are high for a swift expansion in the semi-autonomous and autonomous bus market size in the upcoming years, with projections indicating growth to $2.22 billion by 2029, an impressive compound annual growth rate (CAGR) of 17.7%. This significant growth in the predicted period can be associated with several factors such as the application of data analytics in route optimization, the global expansion of the automotive industry, collaborations between public and private sectors, a surge in digitalization, and evolving consumer preferences. Key trends expected to shape this forecast period include the widespread adoption of electrification, advanced driver assistance systems (ADAS), integration of connected vehicle technologies, level 4 autonomy, and data-centric decision making.

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What new trends are reshaping the semi-autonomous and autonomous bus market and its opportunities?
Key players in the semi-autonomous and autonomous bus sector are prioritizing strategic partnerships to offer dependable services to their clients. A strategic partnership involves an agreement between two or more independent entities working collaboratively towards common long-term objectives. For instance, in May 2023, Mobileye Global Inc., an Israel-based autonomous driving technology and advanced driver-assistance systems creator, partnered with MAN Truck & Bus SE, a Germany-based commercial vehicles provider, to introduce autonomous city buses on roads. The partnership specifically aims to incorporate Mobileye's Drive technology into the city buses produced by MAN, setting the foundation for automated public transit. The established track record of Mobileye in autonomous driving technology will be unified with MAN's proficiency in bus manufacturing and infrastructure, resulting in reliable and efficient autonomous solutions.

What major market segments define the scope and growth of the semi-autonomous and autonomous bus market?
The semi-autonomous and autonomous bus market covered in this report is segmented -

1) By Propulsion Type: Electric, Hybrid, Diesel
2) By Sensor Type: Ultrasonic, Camera, Lidar, Radar
3) By Level of Automation: Level 1, Level 2, Level 3, Level 4, Level 5
4) By Application: Shuttle, Intracity, Intercity

Subsegments:
1) By Electric Buses: Battery Electric Buses (BEB), Trolleybuses, Fuel Cell Electric Buses
2) By Hybrid Buses: Series Hybrid Buses, Parallel Hybrid Buses, Plug-In Hybrid Buses
3) By Diesel Buses: Standard Diesel Buses, Compressed Natural Gas (CNG) Buses, Biodiesel Buses

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North America was the largest region in the semi-autonomous and autonomous bus market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semi-autonomous and autonomous bus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the semi-autonomous and autonomous bus industry growth?
Major companies operating in the semi-autonomous and autonomous bus market report are Bayerische Motoren Werke AG, Robert Bosch GmbH, Tesla Inc., Intel Corporation, Daimler Truck, ZF Friedrichshafen AG, ZF Press, AB Volvo, Denso Corporation, Qualcomm Inc., Continental AG, Uber Technologies Inc., Nvidia Corporation, Aptiv PLC, NXP Semiconductor Inc., Navya SAS, Waymo LLC, Proterra Inc., Local Motors, EasyMile

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What Is Covered In The Semi-Autonomous And Autonomous Bus Global Market Report?

•Market Size Forecast: Examine the semi-autonomous and autonomous bus market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the semi-autonomous and autonomous bus market for a structured understanding.
•Key Players Overview: Analyze major players in the semi-autonomous and autonomous bus market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the semi-autonomous and autonomous bus market.
•Segment Contributions: Evaluate how different segments drive overall growth in the semi-autonomous and autonomous bus market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the semi-autonomous and autonomous bus market.
•Industry Challenges: Identify potential risks and obstacles affecting the semi-autonomous and autonomous bus market.
•Competitive Landscape: Review strategic developments in the semi-autonomous and autonomous bus market, including expansions, agreements, and new product launches.

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