Global Robot Shuttles And Autonomous Buses Market Size By Components (Hardware, Software), By Application (Logistics, Industrial), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Robot Shuttles And Autonomous Buses Market Size By Components (Hardware, Software), By Application (Logistics, Industrial), By Geographic Scope And Forecast
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.
Robot shuttles and autonomous buses are types of vehicles that operate without human intervention. They are designed to transport passengers or goods from one location to another. Robot shuttles are typically smaller and more agile than autonomous buses, while autonomous buses are larger and can carry more passengers. Both types of vehicles are part of the broader trend of automation in transportation, which aims to improve efficiency, reduce costs, and enhance safety. In the context of public transport, Robot Shuttles And Autonomous Buses can be used as part of a mobility-as-a-service (MaaS) system, which integrates different modes of transport into a single service to suit the mobility needs of individual customers.
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
To Get a Summarized Market Report By Component-
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 |
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| Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
Robot Shuttles And Autonomous Buses Market Infographic
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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