Robot Shuttles and Autonomous Buses Market Analysis and Forecast 2023 – 2033
According to a research report published by Spherical Insights & Consulting, the Global Robot Shuttles and Autonomous Buses Market Size is Expected to Grow from USD 218.50 Million in 2023 to USD 2275.50 Million by 2033, at a CAGR of 26.40 % during the forecast period 2023-2033.
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A bus is specially assembled with a robot compact, driverless, and converted into an electric vehicle. These cars frequently transport people between transportation hubs, such as train stations, airports, or parking lots. These buses can operate on public highways and provide a more traditional kind of public transit without the need for a human driver. Robot shuttles and self-driving buses are becoming increasingly popular as a result of technical discoveries, growing urbanization, cost-efficiency, and environmental sustainability. These vehicles, which use smart electric infrastructure, cut labor costs, increase safety, and help to achieve environmental goals. Robot buses are integrated into smart city transportation. However, several kinds of obstacles stand in the way of the market expansion for robot shuttles and autonomous buses, such as sensor dependability, decision-making, and managing complicated surroundings along with high implementation expenses and the possibility of job losses in the transportation sector.
Browse key industry insights spread across 257 pages with 125 Market data tables and figures & charts from the report on the Global Robot Shuttles and Autonomous Buses Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software), By Application (Commercial & Transportation, Logistics, Industrial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The hardware segment is anticipated to hold the largest share of the global robot shuttles and autonomous buses market during the projected period.
Based on the component, the robot shuttles and autonomous buses market is classified into hardware and software. Among these, the hardware segment is anticipated to hold the largest share of the global robot shuttles and autonomous buses market during the projected period. The hardware such as sensors, cameras, LIDAR, and other critical technologies, are primarily responsible for the segment’s supremacy. These physical components allow them to drive, recognize impediments, and interact with their surroundings. As autonomous vehicle technology advances, there is a need for improved hardware to support robot shuttles and autonomous bus systems for substantial development.
The commercial & transportation segment is expected to hold the largest share of the global robot shuttles and autonomous buses market during the forecast period.
On the basis of application, the global robot shuttle and autonomous buses are categorized into commercial & transportation, logistics, and industrial. Among these, the commercial & transportation segment is expected to hold the largest share of the global robot shuttles and autonomous buses market during the forecast period. The category is being driven by the growing use of autonomous vehicle technologies in both public and private transportation networks. The regional authorities and business players seek to minimize the number of human drivers and approach autonomous shuttles and buses for transportation.
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North America is anticipated to hold the largest share of the global robot shuttles and autonomous buses market over the predicted timeframe.
North America is projected to have the largest share of the robot shuttles and autonomous buses market during the forecast period. This region is a leader in technical innovation, with significant businesses such as Waymo, Cruise, and Tesla at the forefront of autonomous car development. Federal policies in the United States and Canada are encouraging, with regulatory certainty and funding for autonomous car testing and smart city efforts. The growing popularity of autonomous shuttles and buses has been driven by urbanization trends and eco-friendly public transportation options.
Asia Pacific is projected to have the fastest growth rate in the robot shuttles and autonomous buses market during the forecast period. Autonomous shuttles and buses are becoming a more appealing alternative as a result of the rapid urbanization in nations like China, Japan, and India, which is raising the need for effective, environmentally friendly transit options. The region is also seeing tremendous technological improvements, with big corporations like Baidu, Toyota, and Hyundai utilizing wide acceptance of autonomous technology, helping to drive market growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the robot shuttles and autonomous buses market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global robot shuttles and autonomous buses market are EasyMile, 2getthere, Aurrigo, AECOM, Apollo, ICONA Design Group s.r.l., Electronic Specifier, Astar Golden Dragon, COAST AUTONOMOUS INC., MoveInSync, Navya, Ohmio, weRide, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In February 2024, Macnica Co., ltd. launched regular operation of Japan’s first autonomous driving EV bus “Navya Evo,” which was the latest leveled 4 compliant vehicle in a specific environment, in Hitachi-Ota city, Ibaraki prefecture.
- In December 2023, Hyundai launched two l4 ads (automated driving system) night bus services, operating on a 9. 8 km route from Hapjeong station to Dongdaemun station.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the robot shuttles and autonomous buses market based on the below-mentioned segments:
Global Robot Shuttles and Autonomous Buses Market, By Component
- Hardware
- Software
Global Robot Shuttles and Autonomous Buses Market, By Application
- Commercial & Transportation
- Logistics
- Industrial
Global Robot Shuttles and Autonomous Buses Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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