Global Robot Shuttles And Autonomous Buses Market Size By Components (Hardware, Software), By Application (Logistics, Industrial), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Robot Shuttles And Autonomous Buses Market Size And Forecast
Robot Shuttles And Autonomous Buses Market size was valued at USD 220.03 Million in 2023 and is projected to reach USD 1,321.34 Million by 2030, growing at a CAGR of 26.61% from 2024 to 2030.
Increasing demand for green transportation changing mobility patterns and urbanization are the factors driving market growth. The Global Robot Shuttles And Autonomous Buses Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Robot Shuttles And Autonomous Buses Market Definition
The Global Robot Shuttles And Autonomous Buses Market is a rapidly growing segment of the transportation industry that encompasses the development, production, and deployment of self-driving shuttles and buses. These vehicles utilize advanced sensors, software, and artificial intelligence to navigate and operate without human input. The growth is driven by the factors mentioned above, as well as increasing investments from major automotive manufacturers and technology companies. As the technology matures and regulatory hurdles are overcome, autonomous vehicles are poised to revolutionize the transportation landscape.
Imagine vehicles zipping around without a driver – that's essentially what robot shuttles and autonomous buses are all about. They're built to move people or cargo from point A to point B all on their own. Think of robot shuttles as the smaller, more nimble option, while autonomous buses are the bigger guys, capable of hauling more passengers. Both fit into the bigger picture of automated transportation, hoping to make things run smoother, cheaper, and safer. In the realm of public transport, Robot Shuttles And Autonomous Buses could be key players in a mobility-as-a-service (MaaS) system – basically, a one-stop-shop that blends different ways to get around to fit what each person needs.
This can help reduce the negative environmental and health impacts of transport by bundling what is being transported and improving the integration of different transport modes and tariffs. In the future, autonomous vehicles could also have a role as a F/L/O mile option, which refers to the first and last mile of a journey, such as the distance between a person’s home and their workplace. This can help reduce the need for car traffic, which requires more space and resources per passenger km than most other transport modes.
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Global Robot Shuttles And Autonomous Buses Market Overview
Robot shuttles are an important new, reconfigurable form of transportation for goods and people that may even function as mobile offices, workshops, restaurants, and more. The global market for Robot Shuttles And Autonomous Buses was experiencing growth, driven by the increasing interest in autonomous vehicle technology, advancements in sensor technologies, and a growing focus on smart and sustainable transportation solutions. Robot shuttles and autonomous buses were finding applications in various sectors, including urban mobility, public transportation, logistics, campuses, and tourism. Last-mile connectivity solutions and autonomous shuttles for specific environments like campuses and airports were gaining attention.
According to Industry experts, the Global Robot Shuttles And Autonomous Buses Market is increasing day by day. The market leaders have calculated the combined size of the hardware, and software. Robot Shuttles and Autonomous Buses face several major brands in this industry across the Globe. Companies in this sector are focusing more of an emphasis on efficient growth, enhancing operational effectiveness and productivity, meeting high safety requirements, and sustaining sustainable development. The market-leading players are focusing on securing a leading position in this industry. These players are heavily focusing on the opportunity to strengthen their competitive advantage.
Global Robot Shuttles And Autonomous Buses MarketSegmentation Analysis
The Global Robot Shuttles And Autonomous Buses Market is segmented on the basis of Component, Application, and Geography.
Robot Shuttles And Autonomous Buses Market, By Component
Hardware
Software
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Based on Component, the market is segmented into Hardware and Software. Hardware accounted for the largest market share of 80.89% in 2022, with a market value of USD 177.98 Million, and is projected to grow at a CAGR of 24.03% during the forecast period.
Robot Shuttles And Autonomous Buses Market, By Application
Commercial And Transportation
Logistics
Industrial
To Get a Summarized Market Report By Application-
Based on Application, the market is segmented into Commercial and Transportation, Logistics, and Industrial. Commercial And Transportation accounted for the largest market share of 81.10% in 2022, with a market value of USD 178.44 Million, and is projected to grow at the highest CAGR of 28.15% during the forecast period.
Robot Shuttles And Autonomous Buses Market, By Geography
North America
Europe
Asia Pacific
Rest of World
Based on Geography, the Global Robot Shuttles And Autonomous Buses Market is classified into North America, Europe, Asia Pacific, and Rest of World. In North America, the US accounted for the largest market share of 88.32% in 2022, with a market value of USD 51.40 Million, and is projected to grow at the highest CAGR of 26.60% during the forecast period.
Key Players
The “Global Robot Shuttles And Autonomous Buses Market” study report will provide valuable insight with an emphasis on the global market including some of the major players are EasyMile, 2getthere, Aurrigo, AECOM, Apollo, ICONA Design Group s.r.l., Electronic Specifier, Astar Golden Dragon, COAST AUTONOMOUS INC., MoveInSync’s, Navya, Ohmio, weride, and others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Coating Type benchmarking and SWOT analysis.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Million)
Key Companies Profiled
EasyMile, 2getthere, Aurrigo, AECOM, Apollo, ICONA Design Group s.r.l., Electronic Specifier, Astar Golden Dragon.
Segments Covered
By Component
By Application
By Geography
Customization scope
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We dig deep into the market using both qualitative and quantitative analysis, breaking it down by segments based on all sorts of things, not just money matters. You'll get market values (in USD Billion) for every segment and sub-segment. We'll tell you which region and segment are likely to grow the quickest and become the biggest. Plus, we analyze each region, looking at how much of the product/service is used and what's driving the market there. See how the big players stack up against each other with our competitive landscape analysis. This includes their market ranking, recent launches, partnerships, expansions, and acquisitions from the last five years. We also provide detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for those key companies. You’ll get a look at the current and future market, considering recent events like growth opportunities, drivers, challenges, and restraints in both new and established regions. We also give you an in-depth market analysis from different angles using Porter's five forces and insight into the value chain. Finally, we'll provide a market dynamics scenario and highlight growth opportunities for the coming years, plus, you'll receive 6 months of analyst support after the sale!
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