Self-Driving Bus Market by Component (Hardware, Software, Services), Forecast 2024-2032
The Self-Driving Bus Market size was valued at USD 1.57 USD Billion in 2023 and is projected to reach USD 8.94 USD Billion by 2032, exhibiting a CAGR of 28.2 % during the forecast period.A self-drive bus, also known as an autonomous bus, is a motor vehicle that operates on routes without requiring any human intervention. These buses are fitted with technologies like artificial intelligence, light detection and ranging, satellite navigation, and cameras to enable them to see and sense the environment, obstacles like other cars, and traffic signs, as well as obey the same traffic laws as any other vehicle on the road. The main elements are in-situ dynamics data to propose the best navigation strategy on a dynamic map, pedestrian radar systems, or reinforced security measures for passengers. Self-driving buses bring so many benefits that it is difficult to describe all of them. They provide enhanced road safety, given that mortal errors make up most road mishaps. These buses may also lessen traffic jams because they use pre-planned and coordinated movement strategies on the roads. Also, they bring convenience as they act as means of transport for persons with disabilities and the elderly.
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In addition to the above, the comprehensive report covers the following aspects:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 28.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 28.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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