Global Autonomous Bus Door System Market Ascends at a Healthy CAGR of 44%

Introduction

Autonomous bus, also known as a self-driving bus, uses artificial intelligence (AI) software, light detection & ranging (LiDAR), RADAR, and cameras to sense the surrounding environment and maneuver by creating an active 3D map. There are several levels of autonomy, ranging from semi-autonomous vehicles that require driver assistance to fully autonomous vehicles that do not need a human operator. When traveling at fast speeds or braking and reaccelerating excessively, a significant amount of fuel is consumed. The self-driving bus burns less gas and battery, resulting in reduced emissions. This offers environmental benefits to the product.

Increasing demand for bus rapid transit (BRT) buses is anticipated to propel the global market for autonomous bus door systems. Increased demand for fuel-efficient, high-performance, and low-emission vehicles is fueling the growth of the autonomous bus door module market. Factors such as improved safety, reduced traffic congestion, increased connected infrastructure, and increased demand for high-performance, high-performance, and low-emission vehicles are also propelling the market growth.

Market Dynamics

Improved Safety Along with the Reduction in Traffic Congestion to Drive the Global Autonomous Bus Door System Market

Autonomous vehicles have various advantages over conventional ones, including increased safety, lower fuel consumption, and less pollution and traffic congestion. Multiple sensors, including LiDAR, RADAR, a camera, and GPS, are fitted in an autonomous bus. These sensors are short-range (giving details of moving things near the vehicle) and long-range (offering details of high-speed oncoming vehicles) to assist a vehicle in detecting any object or impediment in its path, reducing the likelihood of accidents.

Additionally, autonomous vehicles can minimize traffic congestion. According to research by the University of Illinois, a single autonomous vehicle surrounded by 20 human-driven vehicles can alleviate traffic congestion by managing the vehicle's speed. The usage of autonomous vehicles reduces fuel consumption because fuel consumption increases when the vehicle slows down. Consequently, the market for self-driving buses is anticipated to expand due to a reduction in traffic congestion and an increase in fuel efficiency. This is projected to boost the growth of the market for autonomous bus door systems.

Development of Smart Cities to Provide Opportunities for the Global Autonomous Bus Door System Market

Globally, smart cities are witnessing significant expansion. In smart cities, the emergence of disruptive technologies such as IoT and connected devices also contribute to the development of smart mobility. The growth of IoT and cloud-based technologies has prompted substantial investment in smart cities. Several nations prioritize transportation as part of the smart cities strategy. For instance, the Chinese government is developing autonomous driving revolution projects. Approximately 300 Chinese cities, including Xinjiang and Nanjing, have implemented smart-city programs, with 93 projects focusing on transportation. These may utilize the connected infrastructure to concentrate on developing autonomous vehicles, self-driving buses, and shared-driving models.

Moreover, in September 2017, Baidu, a Chinese technology corporation, established the Apollo Fund, a USD 1.52 billion autonomous driving effort. This effort is anticipated to invest in 100 autonomous driving projects by 2021. In addition, global expenditures on smart city programs are expected to exceed USD 100 billion. Thus, the development of smart cities represents a significant potential opportunity for the leading companies operating in the global autonomous bus door systems market.

Regional Insights

By region, the global autonomous bus door system market is segmented into North America, Asia-Pacific, Europe, and LAMEA.

North America dominated the market and is estimated to grow at a CAGR of 40.8%. North America include Canada, the United States, and Mexico. The launch of a new variety of self-driving buses on roads to provide passenger transportation services and government initiatives for the development of driverless buses are expected to accelerate the growth of the North American self-driving bus market. Leading bus manufacturer launches autonomous technology program for developing and deploying autonomous buses. For example, Flyer, a maker of buses, has initiated a program to implement driver-assist and self-driving technologies for public transit agencies.

Europe is the second largest region. It is estimated to reach an expected value of USD 84 million by 2030, registering a CAGR of 44.8%. Government investments in the development of self-driving buses and the introduction of driverless buses for public transportation on the highways of various countries stimulate the growth of the self-driving bus market in Europe. Automobile titans in this region are showcasing a new line of self-driving buses for certain public roadways. Stagecoach, a transportation operator, Alexander Dennis, a bus manufacturer, and Fusion Processing Ltd., a provider of autonomous driving technology, have exhibited Europe's first driverless full-sized bus.

Asia-Pacific is the fastest-growing region. The Asia-Pacific self-driving bus market is predicted to be driven by factors such as the development of self-driving bus technology by startups to facilitate the adoption of driverless buses for public transportation and initiatives by key vehicle manufacturers to test self-driving buses. Research universities and vehicle manufacturers collaborate on creating self-driving buses in this location. For example, Volvo Buses and Nanyang Technological University in Singapore have collaborated to launch the world's first full-size, autonomous electric bus, a 12-meter-long, single-deck vehicle with a passenger capacity of 80.

Key Highlights

• The global autonomous bus door system market was valued at USD 6 million in 2021 and is estimated to reach an expected value of USD 160 million by 2030, registering a CAGR of 44% during the forecast period (2022 – 2030).
• By bus type, the global autonomous bus door system market is segmented into the shuttle bus, city bus, intercity bus, coach, and BRT bus segments. The shuttle bus segment was the highest contributor to the market and is estimated to grow at a CAGR of 41.7% during the forecast period.
• Based on door type, the global autonomous bus door system market is segmented into conventional doors, folding doors, sliding plug doors, coach doors, and inward gliding doors. The sliding plug doors segment was the highest contributor to the market and is estimated to grow at a CAGR of 44.3% during the forecast period.
• Based on propulsion type, the global autonomous bus door system market is bifurcated into ICE and electric. Further, the components segment consists of hardware, software, and solutions. The hardware segment is sub-segmented into door controls, actuators, door panels, seals, door accessories, and others. The electric segment was the highest contributor to the market and is estimated to grow at a CAGR of 44%
• By mechanism type, the global autonomous bus door system market is bifurcated into pneumatic and electric mechanisms. The electric segment was the highest contributor to the market and is estimated at a CAGR of 45% during the forecast period.
• By automation, the global autonomous bus door system market is bifurcated into levels 4 and 5. The level 4 segment was the highest contributor to the market and is estimated to grow at a CAGR of 43.6% during the forecast period.

Competitive Players

Competitive Landscape

The major companies in the global autonomous bus door system market include Vapor Bus International, Circle Bus Door Systems Co., Ltd., KBT GmbH, Masats LLC, PSV Transport Systems Ltd., Shavo Norgren (India) Pvt. Ltd., Transport Door Solutions Ltd., Ventura Systems CV, Bode Sud S.p.A., and Schaltbau Holding AG.

Recent Developments

Market News

• August 2022 - Schaltbau Holding AG signed an agreement to sell SBRS GmbH (Charging Solutions) to Shell Deutschland GmbH. In recent years, SBRS Charging Solutions has established itself as a leading specialist for fast-charging infrastructure solutions for e-buses in Germany with numerous reference projects, including those in Cologne, Osnabrück, and Münster.
• May 2022 - Schaltbau GmbH, one of the leading suppliers of electromechanical components and systems for safety applications, is set to acquire the remaining 35 % stake in SPII S.p.A. based in Saronno, Italy, effective 1 June 2022.

Segmentation

Global Autonomous Bus Door System Market: Segmentation

By Bus Type

• Shuttle bus
• City bus
• Intercity bus
• Coach
• BRT bus

By Door Type

• Conventional doors
• Folding doors
• Sliding plug doors
• Coach doors
• Inward gliding doors

By Mechanism

• Pneumatic
• Electric

By Level of Automation

• Level 4
• Level 5

By Propulsion Type

• ICE
• Electric

By Component

Hardware

• Actuators
• Door Controls
• Door Panels
• Seals
• Door accessories
• Others

Software

Services

By Region

• North America
• Europe
• Asia-Pacific