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Self-Driving Bus Market 2020 Global Analysis, Growth Drivers, Restraints, Market Size, Opportunities, Key Players Analysis, Trends, and Forecast Till 2026

Self-Driving Bus Market by Level of Automation (Level 3, Level 4, and Level 5) and Component (Hardware, Software, and Services): Global Opportunity Analysis and Industry Forecast, 2020-2026

The Global Self-Driving Bus Market is expected to grow at a substantial growth rate with a CAGR of 40.5% during the forecast period 2020-2026. As per the analysis, the global market valued at $6.81 billion in the 2018, and is estimated to reach $74.52 billion by the end of the year 2026.

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Market Overview

The global self-driving bus market is driven by various growth factors such as benefits offered by self-driving vehicles by reducing traffic congestion and increased road safety. As per the Population Reference Bureau, ~1.2 million deaths were reported due to road crashes each year and ~50 million injuries were reported. According to the same source of information, is the trend will continue in future, road traffic injuries will be the third largest reason to contribute in the global burden of injuries and diseases by the end of the year 2020.

However, high cost of manufacturing self-driving bus and insecurity regarding data management expected to restrain the market growth. Moreover, rapid development of smart cities and government initiatives towards the support of self-driving bus in various country is anticipated to bring opportunities over the forecast period. For instance, in July 2019, the U.K. government established a department named the Centre for Connected and Autonomous Vehicles and has a legislation to allow testing on the motorways in the country, in the pipeline. Moreover, China aims to nurture 100 new smart cities from 2016 to 2020 to lead the country’s urban planning and development.

Segmentation Overview of the Global Self-Driving Bus Market

The Global Self-Driving Bus Market is segmented on the basis of Level of Automation and Component. These market segments are further categorized into various sub-segments to study the market in detail over the forecast period.

The Level of Automation Segment of the Global Self-Driving Bus Market is Sub-Segmented into:

  • Level 3
  • Level 4
  • Level 5

Among these, the level 3 segment accounted for major share of global self-driving bus market in terms of revenue and also expected to lead the market over the forecast period. The major driver of the segment growth is the capability of level 3 autonomous vehicles to detect environment and can make informed decision by own.

The Component Segment of the Global Self-Driving Bus Market is Sub-Segmented into:

  • Hardware
  • Software
  • Services

Of these, hardware is the largest segment of global self-driving bus market due to the cost of hardware components used in self-driving buses are high making.

Regional Overview of the Global Self-Driving Bus Market

On the basis of region, global market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is accounted as the largest region for the global self-driving bus market and is expected to maintain the largest share over the forecast period owning to development and launch of new range of self-driving bus services. In addition, government initiatives towards support of driverless bus boosting demand in the North America region.

Key Players Insights

Key players included in the research study of the global self-driving bus market include Volkswagen AG, Continental AG, AV Volvo, Continental AG, Proterra, Daimler AG, Scania AB and Tesla and many more. These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch for sustaining in the market.

Key Topics Covered

Chapter 1: Introduction

1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary

2.1. Cxo Perspective

Chapter 3: Market Overview

3.1. Market Definition And Scope
3.2. Key Findings

3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies

3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis (2019)
3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Reduction In Traffic Congestion Due To Improved Safety
3.5.1.2. Growing Connected Infrastructure

3.5.2. Restraint

3.5.2.1. High Manufacturing Cost
3.5.2.2. Data Management Challenges

3.5.3. Opportunities

3.5.3.1. Development of Smart Cities.

Chapter 4: Self-Driving Bus Market, By Level of Automation

4.1. Overview
4.2. Level 3

4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country

4.3. Level 4

4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country

4.4. Level 5

4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis By Country

Chapter 5: Self-Driving Bus Market, By Component

5.1. Overview
5.2. Hardware

5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country

5.3. Software

5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country

5.4. Services

5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country

Chapter 6: Self-Driving Bus Market, By Region

6.1. Overview
6.2. North America

6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Level of Automation
6.2.3. Market Size And Forecast, By Component
6.2.4. Market Analysis By Country

6.2.4.1. U.S.

6.2.4.1.1. Market Size And Forecast, By Level of Automation
6.2.4.1.2. Market Size And Forecast, By Component

6.2.4.2. Canada

6.2.4.2.1. Market Size And Forecast, By Level of Automation
6.2.4.2.2. Market Size And Forecast, By Component

6.2.4.3. Mexico

6.2.4.3.1. Market Size And Forecast, By Level of Automation
6.2.4.3.2. Market Size And Forecast, By Component

6.3. Europe

6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Level of Automation
6.3.3. Market Size And Forecast, By Component
6.3.4. Market Analysis By Country

6.3.4.1. Uk

6.3.4.1.1. Market Size And Forecast, By Level of Automation
6.3.4.1.2. Market Size And Forecast, By Component

6.3.4.2. Germany

6.3.4.2.1. Market Size And Forecast, By Level of Automation
6.3.4.2.2. Market Size And Forecast, By Component

6.3.4.3. Russia

6.3.4.3.1. Market Size And Forecast, By Level of Automation
6.3.4.3.2. Market Size And Forecast, By Component

6.3.4.4. France

6.3.4.4.1. Market Size And Forecast, By Level of Automation
6.3.4.4.2. Market Size And Forecast, By Component

6.3.4.5. Rest of Europe

6.3.4.5.1. Market Size And Forecast, By Level of Automation
6.3.4.5.2. Market Size And Forecast, By Component

6.4. Asia-Pacific

6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Level of Automation
6.4.3. Market Size And Forecast, By Component
6.4.4. Market Analysis By Country

6.4.4.1. China

6.4.4.1.1. Market Size And Forecast, By Level of Automation
6.4.4.1.2. Market Size And Forecast, By Component

6.4.4.2. Japan

6.4.4.2.1. Market Size And Forecast, By Level of Automation
6.4.4.2.2. Market Size And Forecast, By Component

6.4.4.3. India

6.4.4.3.1. Market Size And Forecast, By Level of Automation
6.4.4.3.2. Market Size And Forecast, By Component

6.4.4.4. Australia

6.4.4.4.1. Market Size And Forecast, By Level of Automation
6.4.4.4.2. Market Size And Forecast, By Component

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market Size And Forecast, By Level of Automation
6.4.4.5.2. Market Size And Forecast, By Component

6.5. Lamea

6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Level of Automation
6.5.3. Market Size And Forecast, By Component
6.5.4. Market Analysis By Country

6.5.4.1. Latin America

6.5.4.1.1. Market Size And Forecast, By Level of Automation
6.5.4.1.2. Market Size And Forecast, By Component

6.5.4.2. Middle East

6.5.4.2.1. Market Size And Forecast, By Level of Automation
6.5.4.2.2. Market Size And Forecast, By Component

6.5.4.3. Africa

6.5.4.3.1. Market Size And Forecast, By Level of Automation
6.5.4.3.2. Market Size And Forecast, By Component

Chapter 7: Company Profiles

7.1. Av Volvo

7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves And Developments

7.2. Continental Ag

7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Product Portfolio
7.2.5. Business Performance
7.2.6. Key Strategic Moves And Developments

7.3. Volkswagen Ag

7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves And Developments

7.4. Tesla

7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Product Portfolio
7.4.5. Business Performance

7.5. Scania Ab

7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves And Developments

7.6. Daimler Ag

7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves And Developments

7.7. Proterra

7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Key Strategic Moves And Developments

7.8. Hyundai Motor Company

7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance

7.9. Hino Motors, Ltd.

7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Business Performance

7.10. Navya

7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Product Portfolio
7.10.4. Business Performance

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The post Self-Driving Bus Market 2020 Global Analysis, Growth Drivers, Restraints, Market Size, Opportunities, Key Players Analysis, Trends, and Forecast Till 2026 appeared first on Market News Bizz.

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Sharan Stone

Sharan Stone

Sharan comes to Market Research Tab with more than 7 years of experience as an editor. Sharan has his fingers firmly placed on the pulse of the business world and he covers retail, construction, and other industries as an editor for Market Research Tab. Email: [email protected]

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