Semi-Autonomous And Autonomous Bus Market Size to Reach $2.13 Billion by 2029 | Growth at 16.8% CAGR Forecast

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What is the Projected Market Size of the Semi-Autonomous And Autonomous Bus Industry?
The market size for semi-autonomous and autonomous buses has witnessed a swift surge in recent years. The market is predicted to swell from $0.99 billion in 2024 to $1.14 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 16.1%. This progressive growth during the historical period can be traced back to factors such as the surge in urban population, escalating environmental consciousness, regulatory assistance, smart city infrastructure development, and rising demand for easy and comfortable public transport alternatives.

What Will Be the Size of the Semi-Autonomous And Autonomous Bus Market by 2029?
The market size for semi-autonomous and autonomous buses is projected to undergo swift expansion in the coming years, escalating to a value of $2.13 billion by 2029 with a CAGR of 16.8%. Factors contributing to the growth during this forecast period include the application of data analysis for optimizing bus routes, widespread globalisation in the automobile industry, collaborations between public and private sectors, an increase in digitalization, as well as evolving consumer tastes. Some major trends anticipated during this period encompass electrification, advanced driver assistance systems (ADAS), the integration of connected vehicle technologies, level 4 autonomy, and the use of data in decision-making processes.

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What Are the Key Drivers Accelerating Growth in the Semi-Autonomous And Autonomous Bus Market?
The growth of the semi-autonomous and autonomous bus market is projected to be fueled by the rising demand for 5G technology in vehicle connectivity. This refers to the application of fifth-generation cellular network technology in enabling rapid and low-latency communication within vehicles (V2V), and between vehicles and infrastructure (V2X). The direct communication amongst vehicles made possible by 5G allows semi-autonomous and autonomous buses to enhance road safety by sending each other warnings about potential dangers and synchronizing their movements to evade mishaps. As an illustration, the 5G Automotive Association (5GAA), a German cross-industry association specializing in connected and autonomous vehicles, predicts that more than 45 million 5G-connected passenger vehicles will be globally dispatched annually by 2025. Consequently, the escalating demand for 5G technology in vehicle connectivity is stimulating the semi-autonomous and autonomous bus market.

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How Is the Semi-Autonomous And Autonomous Bus Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Semi-Autonomous And Autonomous Bus Market?
In the semi-autonomous and autonomous bus market, key players are focusing on strategic partnerships to deliver dependable services to clients. Strategic collaborations are essentially agreements where two or more independent entities collaborate to achieve shared, long-term objectives. For instance, in May 2023, Mobileye Global Inc., a leading developer of advanced driver-assistance systems and autonomous driving technologies based in Israel, partnered with Germany-based commercial vehicles provider, MAN Truck & Bus SE. The partnership aims to introduce autonomous city buses onto the roads. The focus of the partnership will be to incorporate Mobileye's Drive technology into MAN's city buses, thereby setting the stage for autonomous public transportation. The well-established experience of Mobileye in autonomous driving technology and MAN's proficiency in bus manufacturing and infrastructure will merge to develop reliable and effective autonomous solutions.

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Who Are the Leading Companies Driving Growth in the Semi-Autonomous And Autonomous Bus Market?
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

Which Is the Leading Region in the Global Semi-Autonomous And Autonomous Bus Market?
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.

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