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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

A05850
Pages: 195
Dec 2019 | 2421 Views
 
Author(s) : Lalit Katare & Anvay Sonpimple , Supradip Baul
Tables: 74
Charts: 67
 

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Self-Driving Bus Market Outlook: 2026

The global self-driving bus market size was valued at $6.81 billion in 2019 and is projected to reach $74.52 billion by 2026, registering a CAGR of 40.5% from 2020 to 2026. North America accounted for the highest share in 2019 and is expected to be the highest contributor to the global self-driving bus market, in terms of revenue, during the self-driving bus market forecast.

Autonomous vehicles also known as self-driving vehicles use artificial intelligence (AI) software, light detection & ranging (LiDAR), RADAR, and cameras to sense the surrounding environment and navigate by forming an active 3D map of that environment. There are different levels of autonomy ranging from semi-autonomous that require driver assistance to fully autonomous, which does not require a human operator. A lot of gas is burned while driving at high speeds or braking and re-accelerating excessively. Self-driving vehicles use less battery and consume less gas, which results in less pollution. This adds benefits to make it suitable for environment.

Self-Driving Bus Market

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Factors such as reduction in traffic congestion due to improved safety and growth in connected infrastructure are anticipated to drive the self-driving bus market growth. However, high manufacturing cost and data management challenges are the factors that hinder the growth of the market. Further, development of smart cities is anticipated to provide remarkable growth opportunities for the players operating in the self-driving bus market.
The global self-driving bus market is segmented on the basis of level of automation, component, and region. On the basis of level of automation, it is divided into level 3, level 4, and level 5. By component, it is categorized into hardware, software, and services. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Self-Driving Bus Market
By Level of Automation

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Level 4 is projected as the most lucrative segments

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Key players including AV Volvo, Continental AG, Volkswagen AG, Tesla, Scania AB, Daimler AG, Proterra, Hyundai Motor Company, and Hino Motors, Ltd., and Navya hold a major self-driving bus market share.

Self-Driving Bus Market
By Drive type

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Services is projected as the most lucrative segments

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Reduction in traffic congestion due to improved safety

Autonomous vehicles have several advantages over traditional vehicles from improved safety to reduction in fuel and traffic congestion and emissions. An autonomous bus is installed with a number of sensors including LiDAR, RADAR, camera, and GPS. These sensors are short range (providing details of moving objects near the vehicle) as well as long range (providing details of high-speed oncoming vehicles) to help a vehicle sense any object or obstacle in its way, thus eliminating chances of accidents. Autonomous vehicles can also help to reduce traffic congestion. Based on a study by University of Illinois, it was proved that one autonomous vehicle stuck in a traffic congestion with 20 other human driven cars can ease the congestion by controlling the pace of the vehicle. Fuel consumption also reduces with the use of autonomous vehicles as fuel use increases when cars slow down. Thus, reduction in traffic congestion and improved fuel efficiency due to self-driving buses is expected to boost the growth of the self-driving bus market.

Self-Driving Bus Market
By Region

2026
Europe 
North America
Asia-pacific
Lamea

Europe would exhibit the highest CAGR of 5.0% during 2019-2026.

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Rise in connected infrastructure

With the rapid adoption of Internet of Things (IoT), transportation infrastructure across the globe is evolving quickly. Companies such as Cisco and IBM have created digital platforms, which can automate street and traffic lights, optimize trash pickup, and augment surveillance. For instance, installation of IoT sensors in Las Vegas has managed to control traffic congestion and solve environmental issues. Connected infrastructure includes car parks, toll booths, smart street, and traffic lights, which in turn, boosts the growth of the autonomous vehicle market and eventually drive by wire market, as drive by wire system is necessary for autonomous driving technology. Thus, growth of connected infrastructure creates favorable conditions for adoption of autonomous vehicles, which, in turn, drives the growth of the self-driving bus industry.

High manufacturing cost

Autonomous vehicles consist of more than 50 sensors including LiDAR, RADAR, and cameras, which are installed across these vehicles and help build a safety circumference. Any obstacle approaching the vehicle can be immediately detected by these sensors. However, these sensors are not economically priced. A high-quality long-range LiDAR can cost up to $75,000. Apart from the hardware cost, these vehicles also need software to extract information from the sensors to control them. Therefore, vehicle production and large-scale deployment of self-driving buses with pricey hardware pose as major challenges for the manufacturers. Thus, high manufacturing cost of self-driving bus is anticipated to hinder the growth of self-driving bus market trends.

Development of smart cities

Presently, smart cities are experiencing considerable growth across the globe. Emergence of disruptive technologies such as IoT and connected devices also lead to the development of smart transportation in smart cities. Advancements in IoT and cloud-based platforms has led to significant investments in smart cities. Several countries focus on transportation under smart cities initiative. For instance, the Chinese government is working on various programs for autonomous driving revolution. Around 300 Chinese cities, which include Xinjiang and Nanjing, have introduced smart-city projects, out of which 93 are focused on transportation. These cities could potentially use connected infrastructure to focus on building autonomous cars, self-driving buses, and shared-driving models. Furthermore, in September 2017, Baidu, a China-based technology company announced a $1.52 billion autonomous-driving initiative, which is called "Apollo Fund." This initiative is projected to invest in 100 autonomous driving projects till 2021. Thus, development of smart cities holds a remarkable growth opportunity for the key players operating in the market.

Key Benefits for Self-driving Bus Market:

  • This study presents the analytical depiction of the global self-driving bus market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall self-driving bus market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global self-driving bus market with a detailed impact analysis.
  • The current self-driving bus market is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.

Self-driving Bus Key Market Segments:

By Level of Automation

  • Level 3
  • Level 4
  • Level 5

By Component

  • Hardware
  • Software
  • Services

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Russia
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • AV Volvo
  • Continental AG
  • Volkswagen AG
  • Tesla
  • Scania AB
  • Daimler AG
  • Proterra
  • Hyundai Motor Company
  • Hino Motors, Ltd.
  • Navya
 

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

LIST OF TABLES

TABLE 01.    GLOBAL SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2017-2025($MILLION)
TABLE 02.    SELF-DRIVING BUS MARKET REVENUE FOR LEVEL 3, BY REGION 2019-2026 ($MILLION)
TABLE 03.    SELF-DRIVING BUS MARKET REVENUE FOR LEVEL 4, BY REGION 2019-2026 ($MILLION)
TABLE 04.    SELF-DRIVING BUS MARKET REVENUE FOR LEVEL 5, BY REGION 2019–2026 ($MILLION)
TABLE 05.    GLOBAL SELF-DRIVING BUS MARKET, BY COMPONENT, 2017-2025($MILLION)
TABLE 06.    SELF-DRIVING BUS MARKET REVENUE FOR HARDWARE, BY REGION 2019-2026 ($MILLION)
TABLE 07.    SELF-DRIVING BUS MARKET REVENUE FOR NLP, BY REGION 2019-2026 ($MILLION)
TABLE 08.    SELF-DRIVING BUS MARKET REVENUE FOR SERVICES, BY REGION 2019–2026 ($MILLION)
TABLE 09.    NORTH AMERICAN SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 10.    NORTH AMERICAN SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 11.    U. S. SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 12.    U. S. SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 13.    CANADA SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 14.    CANADA SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 15.    MEXICO SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 16.    MEXICO SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 17.    EUROPEAN SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 18.    EUROPEAN SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 19.    UK SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 20.    UK SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 21.    GERMANY SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 22.    GERMANY SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 23.    RUSSIA SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 24.    RUSSIA SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 25.    FRANCE SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 26.    FRANCE SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 27.    REST OF EUROPE SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 28.    REST OF EUROPE SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 29.    ASIA-PACIFIC SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 30.    ASIA-PACIFIC SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 31.    CHINA SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 32.    CHINA SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 33.    JAPAN SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 34.    JAPAN SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 35.    INDIA SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 36.    INDIA SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 37.    AUSTRALIA SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 38.    AUSTRALIA SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 39.    REST OF ASIA-PACIFIC SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 40.    REST OF ASIA-PACIFIC SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 41.    LAMEA SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 42.    LAMEA SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 43.    LATIN AMERICA SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 44.    LATIN AMERICA SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 45.    MIDDLE EAST SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 46.    MIDDLE EAST SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 47.    AFRICA SELF-DRIVING BUS MARKET, BY LEVEL OF AUTOMATION, 2019–2026 ($MILLION)
TABLE 48.    AFRICA SELF-DRIVING BUS MARKET, BY COMPONENT, 2019–2026 ($MILLION)
TABLE 49.    AB VOLVO: COMPANY SNAPSHOT
TABLE 50.    AB VOLVO: OPERATING SEGMENTS
TABLE 51.    AB VOLVO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 52.    CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 53.    CONTINENTAL AG: OPERATING SEGMENTS
TABLE 54.    CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 55.    CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 56.    VOLKSWAGEN AG: COMPANY SNAPSHOT
TABLE 57.    VOLKSWAGEN AG: OPERATING SEGMENTS
TABLE 58.    VOLKSWAGEN AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 59.    TESLA: COMPANY SNAPSHOT
TABLE 60.    TESLA: OPERATING SEGMENTS
TABLE 61.    TESLA: PRODUCT PORTFOLIO
TABLE 62.    SCANIA AB: COMPANY SNAPSHOT
TABLE 63.    SCANIA AB: OPERATING SEGMENTS
TABLE 64.    SCANIA AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 65.    DAIMLER AG: COMPANY SNAPSHOT
TABLE 66.    DAIMLER AG: OPERATING SEGMENTS
TABLE 67.    DAIMLER AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 68.    PROTERRA: COMPANY SNAPSHOT
TABLE 69.    PROTERRA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 70.    HYUNDAI MOTOR COMPANY: COMPANY SNAPSHOT
TABLE 71.    HYUNDAI MOTOR COMPANY: OPERATING SEGMENTS
TABLE 72.    HINO MOTORS, LTD.: COMPANY SNAPSHOT
TABLE 73.    NAVYA: COMPANY SNAPSHOT
TABLE 74.    NAVYA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    KEY MARKET SEGMENTS
FIGURE 02.    EXECUTIVE SUMMARY
FIGURE 03.    EXECUTIVE SUMMARY
FIGURE 04.    TOP IMPACTING FACTORS
FIGURE 05.    TOP INVESTMENT POCKETS
FIGURE 06.    TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 07.    TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 08.    TOP WINNING STRATEGIES, BY COMPANY, 2016–2019*
FIGURE 09.    MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.    MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.    MODERATE THREAT OF SUBSTITUTES
FIGURE 12.    HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.    HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.    MARKET SHARE ANALYSIS (2017)
FIGURE 15.    GLOBAL SELF-DRIVING BUS MARKET SHARE, BY LEVEL OF AUTOMATION, 2019–2026 (%)
FIGURE 16.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET FOR LEVEL 3, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET FOR LEVEL 4, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET FOR LEVEL 5, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19.    GLOBAL SELF-DRIVING BUS MARKET SHARE, BY COMPONENT, 2019–2026 (%)
FIGURE 20.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET FOR HARDWARE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 21.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET FOR NLP, BY COUNTRY, 2017 & 2025 (%)
FIGURE 22.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET FOR SERVICES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 23.    SELF-DRIVING BUS MARKET, BY REGION, 2017-2025 (%)
FIGURE 24.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET, BY COUNTRY, 2019–2026 (%)
FIGURE 25.    U. S. SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 26.    CANADA SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 27.    MEXICO SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 28.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET, BY COUNTRY, 2019–2026 (%)
FIGURE 29.    UK SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 30.    GERMANY SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 31.    RUSSIA SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 32.    FRANCE SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 33.    REST OF EUROPE SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 34.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET, BY COUNTRY, 2019–2026 (%)
FIGURE 35.    CHINA SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 36.    JAPAN SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 37.    INDIA SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 38.    AUSTRALIA SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 39.    REST OF ASIA-PACIFIC SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 40.    COMPARATIVE SHARE ANALYSIS OF SELF-DRIVING BUS MARKET, BY COUNTRY, 2019–2026 (%)
FIGURE 41.    LATIN AMERICA SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 42.    MIDDLE EAST SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 43.    AFRICA SELF-DRIVING BUS MARKET, 2019–2026 ($MILLION)
FIGURE 44.    AB VOLVO: REVENUE, 2016–2018 ($MILLION)
FIGURE 45.    AB VOLVO: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 46.    AB VOLVO: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 47.    CONTINENTAL AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 48.    CONTINENTAL AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 49.    CONTINENTAL AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 50.    VOLKSWAGEN AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 51.    VOLKSWAGEN AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 52.    VOLKSWAGEN AG: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 53.    TESLA: REVENUE, 2016–2018 ($MILLION)
FIGURE 54.    TESLA: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 55.    TESLA: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 56.    SCANIA AB: REVENUE, 2016–2018 ($MILLION)
FIGURE 57.    SCANIA AB: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 58.    SCANIA AB: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 59.    DAIMLER AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 60.    DAIMLER AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 61.    DAIMLER AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 62.    HYUNDAI MOTOR COMPANY: REVENUE, 2016–2018 ($MILLION)
FIGURE 63.    HYUNDAI MOTOR COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 64.    HYUNDAI MOTOR COMPANY: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 65.    HINO MOTORS, LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 66.    HINO MOTORS, LTD.: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 67.    NAVYA: REVENUE, 2016–2018 ($MILLION)

 
 

The self-driving bus market holds a high potential in the automotive industry. The current business scenario experiences rapid development in infrastructure and connectivity leading to the readiness to adopt this technology, particularly in the developed regions such as North America and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.

Factors such as reduction in traffic congestion due to improved safety and growth in connected infrastructure are anticipated to drive the growth of the global self-driving bus market. However, high manufacturing cost and data management challenges are the factors that hinder the market growth. Further, development of smart cities is anticipated to provide remarkable growth opportunities for the players operating in the self-driving bus market.

Among the analyzed regions, currently, North America is the highest revenue contributor and Europe is anticipated to exhibit remarkable growth rate during the forecast period, followed by North America, Asia-Pacific, and LAMEA.

 

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