Scope of the Study
The global self-driving bus market is expected to grow at a significant pace during the forecast period, according to the AMA study. Development in connected vehicle infrastruture propelled by increasing adoption of autonomous vehicles and rising demand for public transport across the world are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth in 2020 due to the current pandemic but it is again expected to rise with a significnat pace after the COVID-19 pandemic is over.
The market study is being classified and major geographies with country level break-up.
AB Volvo (Sweden), Continental AG (Germany), Daimler AG (Germany), Hino Motors (Japan), Hyundai Motor Company (South Korea), NAVYA (France), Proterra, Inc. (United States), Scania AB (Sweden), Tesla, Inc. (United States) and Volkswagen Germany (Germany) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative & smart solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Self-driving Bus market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Self-driving Bus market by Type, Application and Region.
On the basis of geography, the market of Self-driving Bus 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Development in Connected Vehicle Infrastructure Propelled by Rising Adoption of Autonomous Vehicles
- Rising Production of Autonomous Vehicles
- Growing Demand for Public Transport Across the World
- Rising Adoption of Smart Grid Infrastructure in Transportation Infrastructure
- Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic
- Opportunities in the Asia Pacific Region Propelled by Growing Economies
- Growth in Supporting Markets
- High Manufacturing Costs
- Challenges in Data Management
Market Leaders and their expansionary development strategies
In June 2020, Ford and Volkswagen announced a joint venture agreement for the development of commercial vehicles, EVS, and autonomous driving vehicle technologies
Stringent Worldwide Government Regulations Regarding Adoption of Electric Vehicles to Reduce Carbon Emissions from Fuel-based Vehicles is Propelling the Market Growth and Stringent Worldwide Government Regulations Regarding Lockdown of Cities & Suspended Operations of Public Transport Across the World is Hampering the Market Growth
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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