Fixed Route Autonomous Vehicle Market Scope
A fixed-route autonomous vehicle is a self-driving car that shows predetermined routes, similar to a bus or train. These vehicles are significant because they can help reduce traffic congestion and pollution while also providing an efficient mode of transportation for city dwellers. These vehicles use Artificial Intelligence, light detection and ranging (LiDAR), and RADAR sensing technology to read and sense their surroundings. Given the advancement of vehicle-to-everything (V2X) technology and the rise of autonomous vehicles across industries, the autonomous vehicle market is expected to gain traction during the forecasted period.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Fixed Route Autonomous Vehicle market throughout the predicted period.
Toyota Motor Corporation (Japan), Robert Bosch GmbH (Germany), Hyundai Motor Company (South Korea), Mercedes-Benz Group AG. (Germany), General Motors Company (United States), The Volvo Group (Sweden), EasyMile (France), Ford Motor Company (United States), Volkswagen (Germany) and Tesla Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Navya Group (France).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Fixed Route Autonomous Vehicle market by Type (Car, Bus and Truck), by Application (Transportation, Tourism and Logistics) and Region with country level break-up.
On the basis of geography, the market of Fixed Route Autonomous Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 21 July 2021, Ford will launch an autonomous vehicle fleet with Lyft and Argo AI by the end of the year, The companies plan to expand to Austin, Texas, in 2022 and roll out about 1,000 self-driving cars in multiple markets within five years, On 02 January 2022, Hyundai Motor Co., South Korea’s top automaker, aims to roll out mass-produced hands-free Level 3 self-driving cars, starting with the flagship luxury Genesis G90 sedan in the second half of this year, to enhance competitiveness in future mobility market. and 19-January-2021 Microsoft collaborated with General Motors to help bring the autonomous vehicles developed by GM's robotaxi startup Cruise to the road. Microsoft, Honda, and other investors contribute to the company.
- Integration Of Advance Technology Such As AL And ML
- Growing The Public Transportation Across The Global Leads The Demand For Autonomous Vehicles
- Rising Number Of Accidents Due To Human Error Has Triggered The Need For The Autonomous Technology In Vehicle
- High Investment In Development Of Advance Features In Vehicle By Players
- Increasing Demand For Driver Assist Systems In Vehicle
- Federal Regulation Of Autonomous Vehicles
- Lack Availability Of Infrastructure In Emerging Countries
- High Cost Associated with Autonomous Vehicle
- Intense Competition Among Players
Key Target AudienceFixed Route Autonomous Vehicle Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Fixed Route Autonomous Vehicle Market?
The Fixed Route Autonomous Vehicle study can be customized to meet your requirements. The market size breakdown by type [Car, Bus and Truck], by end use application [Transportation, Tourism and Logistics].
2. How big is the Fixed Route Autonomous Vehicle Market?
The Fixed Route Autonomous Vehicle Market is gaining popularity and expected to see strong valuation by 2027.
3. What is expected growth rate in Fixed Route Autonomous Vehicle Market?
According to AMA, the Global Fixed Route Autonomous Vehicle market is expected to see growth rate of %.