The global the Semi-autonomous & autonomous Trucks and Buses market size is projected to grow from USD 40.7 Billion in 2024 to USD 179.9 Billion by 2035, at a CAGR of 14.4%. The Semi-autonomous & autonomous Trucks and Buses market is experiencing robust growth due to the government mandates on autonomous vehicle safety, and advancement in autonomous driving technologies. Additionally, increasing standards for safer vehicle with new technological developments from autonomous solution providers will boost the revenue growth for Semi-autonomous & autonomous Trucks and Buses during the forecast period.
Based on Vehicle Type: The semi-autonomous & autonomous trucks and buses market, by vehicle type, has been segmented into buses and trucks. The market represents a transformative frontier in the transportation and logistics industries, promising to revolutionize how goods and people are moved. As advancements in artificial intelligence, sensor technologies, and connectivity continue to accelerate, the deployment of these intelligent vehicles is becoming increasingly feasible and attractive. Semi-autonomous and autonomous vehicles leverage a suite of sophisticated technologies—including ADAS, machine learning algorithms, and high-definition mapping—to enhance safety, efficiency, and operational cost effectiveness. In public transportation, autonomous buses offer the potential to significantly reduce traffic congestion, lower emissions, and provide reliable, round-the-clock service without human driver limitations. Similarly, the logistics and freight sectors benefit immensely from autonomous trucks, which can operate continuously over long distances, optimizing supply chain operations and reducing delivery times.
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By Vehicle Class : The semi-autonomous & autonomous trucks and buses market based on vehicle class has been segmented into class 1–3, class 4–6, and class 7–8. The classes of the trucks are defined based on Gross Vehicle Weight Rating (GVWR). Trucks from classes 1 to 3 are considered light-duty trucks with GVWR of 6,000 to 14,000 lbs. Trucks between classes 4 to 6 are considered medium-duty trucks with a GVWR of 14,001 to 26,000 lbs, and trucks between classes 7 & 8 are considered heavy-duty trucks with a GVWR of 26,001 to 33,000 lbs and above. Trucks are mainly used for goods transport. The truck transport industry contributes to a large part of the economy in countries such as the US, China, and India. Heavy-duty trucks are generally used for transporting goods or longer distances. These trucks can carry more load. Light-duty trucks and medium-duty trucks are generally used for intracity or comparatively short-distance transport compared to heavy-duty trucks. The freight transport industry is majorly dependent on heavy-duty trucks for goods transport.
By Region: Asia Pacific region is segmented into China, India, Japan, and South Korea. In recent years, the region has emerged as a hub for automobile production. Infrastructural developments and industrialization activities in emerging economies have opened new avenues, creating several opportunities for automotive OEMs. Several countries in the Asia Pacific region, including Japan and South Korea, enforce stringent safety regulations. China is anticipated to implement vehicle and road safety regulations in response to factors such as limited infrastructure and the rising number of accidents. These circumstances are likely to prompt the introduction of such regulations. For instance, in December 2023, China mandated human supervisors in automated buses and trucks. Japan and China intend to mandate autonomous emergency braking systems and lane departure warning systems for all vehicle types starting in 2022. In August 2022, China implemented new guidelines on operating driverless vehicles for public transport, stating that autonomous buses would be allowed to operate on closed routes while self-driving taxis would run on roads with controlled traffic conditions
By Level of Autonomy: the semi-autonomous and autonomous truck and bus market has been segmented based on level of autonomy into L1, L2 and L3, L4, and L5. Autonomous trucks and buses are evolving rapidly, with technological advancements pushing the boundaries of what these vehicles can achieve. The Society of Automotive Engineers (SAE) has defined six levels of vehicle automation, ranging from Level 0 (no automation) to Level 5 (full automation). Each level represents a step forward in the capability of autonomous driving systems, from basic driver assistance to complete self-driving capabilities.
Key Players
The Semi-autonomous & autonomous Trucks and Buses market is dominated by global players such as Daimler Truck AG (Germany), AB Volvo (Sweden), Iveco S.p.A. (Netherlands), NVIDIA Corporation (US), Robert Bosch GmbH (Germany), Continental AG (Germany), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
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