Semi-Autonomous & Autonomous Trucks and Buses Market

According to a research report "Semi-Autonomous & Autonomous Trucks and Buses Market by LoA (L1, L2/ L3, L4 & L5), Vehicle Type, Propulsion (Diesel, Electric, Hybrid), ADAS Features, Vehicle Class, Application, Sensor Type, and Region - Global Forecast to 2035" published by MarketsandMarkets, the Semi-autonomous & autonomous Trucks and Buses market size is projected to grow from USD 40.7 Billion in 2024 to USD 179.9 Billion by 2035, at a CAGR of 14.4%. The increasing demand for electric  and autonomous vehicle and government regulation regarding safety is expected to increase the demand for Semi-autonomous & autonomous Trucks and Buses. Additionally, continuos innovation in advance driving technologies and components will boost the demand for Semi-autonomous & autonomous Trucks and Buses.

Browse 326 market data Tables and 86 Figures spread through 346 Pages and in-depth TOC on "Semi-Autonomous & Autonomous Trucks and Buses Market by LoA (L1, L2/ L3, L4 & L5), Vehicle Type, Propulsion (Diesel, Electric, Hybrid), ADAS Features, Vehicle Class, Application, Sensor Type, and Region - Global Forecast to 2035"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/semi-autonomous-bus-market-87328844.html

Electric segment is expected to be the fastest in the Semi-autonomous & autonomous Trucks and Buses market

The electric segment is expected to be the fastest one during the forecast period. The rising demand for passenger safety and efficient bus transit operations would boost the demand for the electric segment for the advanced semi-autonomous bus market during the forecast period. Favorable government regulations for better road safety would positively impact the semi-autonomous bus market. Features such as AEB and BSD are expected to be compulsory for all vehicles, including buses. In December 2023, Davao Metro Shuttle Corporation (Philippines) launched a self-driving shuttle and its first electric bus, which includes AEB and ACC features.

Shuttle segment is estimated to exhibit the fastest growth in Semi-autonomous & autonomous Trucks and Buses market

The shuttles segment is expected to be the fastest market in the semi-autonomous & autonomous trucks and buses market, as they are commercialized. Navya (US), Easilmile (France), and Local Motors (US) have developed self-driving shuttles. Successful pilot programs of autonomous shuttles worldwide indicate that shuttles could be a practical solution to the gaps in traditional public transport. In January 2023, EasyMile(France) partnered with Keolis (France) on an autonomous shuttle project underway at France’s National Sports Shooting. Such partnerships highlight the growth of the shuttles segment in the market.

US to lead the Semi-autonomous & autonomous Trucks and Buses market in North America

The US is expected to have the largest market share in terms of value in the North American semi-autonomous & autonomous trucks and buses market due to strict safety regulations imposed by the NHTSA that have compelled OEMs to provide safety features. Road safety is very critical for efficient transportation. Semi-autonomous buses and trucks can help to improve safety, which, in turn, would boost the market in the region. Major OEMs in the region are forming supply contracts for products like sensors, LiDAR that would further enhance their vehicles performance. For instance, in January 2024, Daimler Truck AG (Germany) and TORC Robotics (US) selected Aeva Technologies (US) to Supply advanced 4D LiDAR technology for series-production of autonomous trucks.

Key Players

The Semi-autonomous & autonomous Trucks and Buses market is dominated by global players such as Daimler Truck AG (Germany), AB Volvo (Sweden), Iveco S.p.A. (Netherlands), NVIDIA Corporation (US), Robert Bosch GmbH (Germany), Continental AG (Germany), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.

Don’t miss out on business opportunities in Semi-Autonomous & Autonomous Trucks and Buses Industry. Speak to our analyst and gain crucial market insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]