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Fixed-route Autonomous Vehicle Market Size, Share & Trends Analysis Report By Type (Fixed-Point Vehicles And Scenic-Spot), By Application (Transportation, Tourism, And Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2028

Categories: Automotive and Transportation

Formate :

The report titled “Fixed-route Autonomous Vehicle Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global fixed-route autonomous vehicle market along with the market size (Volume in ‘Mn Units” and value in “US$ Mn”) for the historical period 2017 to 2021 and estimates for the forecast period 2022 to 2028. In addition, this study covers an in-depth analysis of multiple market segments based on Type and Application across five different regions covering 20+ countries.

Key insights associated with forecast factors for the market during the forecast period 2022-2028 have also been covered. The report also provides the impact of COVID-19 on the global and regional fixed-route autonomous vehicle market in the short, medium, and longer-term for conservative, likely, and optimistic scenarios, respectively. 

Fixed-route Autonomous Vehicle Market Dynamics

The global fixed-route autonomous vehicle market has experienced numerous innovations and disruptions during the historical period. By creating an absolute dollar opportunity of more than US$ 40 Mn between 2017 and 2019, the market has experienced the introduction of numerous disruptive technologies.

The global fixed-route autonomous vehicle market is predicted to be driven by factors such as reduced traffic congestion due to greater security, the proliferation of linked infrastructure, increasing demand for fixed-route autonomous vehicles from the public and private sectors for improving efficiency and reducing costs, and growing demand for last-mile delivery services using fixed-route autonomous cars to improve delivery times and reduce emissions. In addition, developing advanced technologies such as artificial intelligence (AI) and machine learning will enable more efficient navigation and routing of fixed-route autonomous vehicles, thereby reducing operating costs.

Autonomous vehicles may potentially aid in traffic congestion reduction. To assist in constructing a safety perimeter, more than 50 sensors, including LiDAR, RADAR, and cameras, are positioned around autonomous cars. These sensors will detect the obstruction or any object approaching the vehicle. On the other hand, these sensors aren’t inexpensive. For example, a high-quality long-range LiDAR can cost up to $75,000. These vehicles also require software and hardware to collect and monitor data from sensors. As a result, high production costs and data processing issues are impeding the growth of the fixed-route autonomous vehicle market.

Segmental Analysis

How does the potential demand for fixed-point vehicles impact the fixed-route autonomous vehicle market?

Fixed-point Vehicles (FPAVs) are self-driving vehicles that navigate using GPS and the Global Navigation Satellite System (GNSS). They do not have an internal combustion engine and rely on the flow of electric electricity from a separate energy source. FPAVs have a wide range of applications, including logistics, shuttles, delivery bots, ambulatory services, and others, which can positively impact the market in a significant manner.

Why is transportation as an application seen as an attractive segment?

Due to the rising use of self-driving vehicles for public transportation and logistics applications, the category will likely increase significantly over the forecast period. Another reason is the growing demand for mobility. For example, ride-share services such as taxi, bus, or train services that operate on a fixed route with autonomous cars driven by professional drivers who can earn money while sleeping without owning a car or truck are examples of personal mobility.

Regional Analysis 

Due to the early adoption of ATAVs and tight limitations imposed on human-driven cars in the United States, Canada, and Mexico, which favor Fixed-route AVs operationally, North America is expected to dominate the market. However, Europe is also a significant player in the market since it is technologically advanced and hosts as headquarters for various key players.

However, the Asia Pacific region is expected to have the most significant growth rate over the forecast period. The increased investments in constructing smart cities and the essential need for efficient public transit systems can be ascribed to the region’s expansion. Furthermore, since China, Japan, and South Korea are among the top ten global smartphone producers, they are projected to play a vital role in raising consumer awareness of autonomous vehicles worldwide.

Competitive Landscape

Key players in the global fixed-route autonomous vehicle market focused on continuous product innovation and commercialization of high-end management capacity modules during historical periods. For instance, Daimler Buses has developed a bus named City Pilot based on autonomously driving a Mercedes-Benz Actros truck with Highway Pilot. It is designed for BRT networks, which will alleviate traffic congestion in heavily developed cities and urban areas worldwide.

The fixed-route autonomous vehicle market is seen as a consolidated market, backed by tier-1 players who account for more than 50% of the global revenue. However, the emergence of new players is expected to further result in market share distribution at the regional level. Prominent players in the market include Cisco Systems, Local Motors, RDM Group, Yutong, Daimler, Tesla, Mercedes Benz, EasyMile, Volkswagen, Phoenix Wings, Navya, and DFKI Robotics Innovation Center.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has not only resulted in halted production activity but has also disrupted the global supply chain. Transportation, global supply chains, and other areas have been stressed due to lockdowns and legislative limitations. However, the demand for fixed-route autonomous vehicles has increased. Smart, linked vehicles provide a new way to travel while also growing autonomy. COVID-19 has increased the demand for connected and autonomous cars (CAV). The pandemic has had various effects on the worldwide automotive industry, including the rise of autonomous vehicles in deliveries. Contactless delivery due to COVID-19 accelerated the adoption of AVs in constrained environments such as airports and hospitals. Autonomous vehicles (AVs) will be utilized for deliveries and can help supplement a connected supply chain. Moreover, the fall in oil prices, which will enhance long-distance travel in personal vehicles and impact electrification plans, will also affect the demand. Although demand for automotive products is declining, strategic projects such as CAVs remain a top priority for firms that heavily invest in R&D in this area.

Key Questions Answered 

1.      What is the current (2022E) estimated market size of the Global Fixed-route Autonomous Vehicle Market?

a.      The global fixed-route autonomous vehicle market is expected to be valued at US$ 170 Mn by the end of 2022

2.      Which are the prominent drivers impacting fixed-route autonomous vehicle market growth?

a.      Some of the factors impacting the global fixed-route autonomous vehicle market during the forecast period 2022-2028 are as follows:

                                            I.            Growing investments in autonomous mobility

                                          II.            Favorable guidelines and policies supporting autonomous vehicle development

3. The aforementioned factors facilitate numerous growth opportunities for the global fixed-route autonomous vehicle market, which is poised to expand at a CAGR of more than 7% between 2022 and 2028.  

4. Which region is expected to dominate the fixed-route autonomous vehicle market by 2028 end?

a.      The North America region is expected to continue its dominance during the forecast period 2022-2028

Key Segments of Fixed-route Autonomous Vehicle Market

·         Type

o   Fixed-point Vehicles 

o   Scenic-spot Vehicles

 

·         Application

o   Transportation

o   Tourism

o   Others

 

·         Region

o   North America

o   Europe

o   Asia Pacific

o   South America

o   MEA

 

Report Attribute/Metric Details

Market Size

2028: ~ USD 300 Million

CAGR

~ 8.0% (2021-2028)

Base Year

2021

Forecast Period

2022 – 2028

Historical Data

2017 to 2021

Forecast Unit

Value (US$ Mn) and Volume (Mn Units)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Type and Application

Geographies Covered

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Key Players Analyzed

Cisco Systems, Local Motors, RDM Group, Yutong, Daimler, Tesla, Mercedes Benz, EasyMile, Volkswagen, Phoenix Wings, Navya, and DFKI Robotics Innovation Center.

Key Market Opportunities

  • Increase in autonomous bus launches

Key Market Drivers

  • Growing investments in autonomous mobility
  • Favorable guidelines and policies supporting autonomous vehicle development

Global Fixed-route Autonomous Vehicle Market Growth, Trend and Forecast 2021-2027

Chapter 1 Fixed-route Autonomous Vehicle Market Overview
1.1 Product Overview and Scope of Fixed-route Autonomous Vehicle
1.2 Fixed-route Autonomous Vehicle Market Segmentation by Type
1.2.1 Global Production Market Share of Fixed-route Autonomous Vehicle by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Fixed-route Autonomous Vehicle Market Segmentation by Application
1.3.1 Fixed-route Autonomous Vehicle Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Fixed-route Autonomous Vehicle Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Fixed-route Autonomous Vehicle (2014-2027)

Chapter 2 Global Economic Impact on Fixed-route Autonomous Vehicle Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Fixed-route Autonomous Vehicle Market Competition by Manufacturers
3.1 Global Fixed-route Autonomous Vehicle Production and Share by Manufacturers (2020 and 2020)
3.2 Global Fixed-route Autonomous Vehicle Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Fixed-route Autonomous Vehicle Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Fixed-route Autonomous Vehicle Manufacturing Base Distribution, Production Area and Product Type
3.5 Fixed-route Autonomous Vehicle Market Competitive Situation and Trends
3.5.1 Fixed-route Autonomous Vehicle Market Concentration Rate
3.5.2 Fixed-route Autonomous Vehicle Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Fixed-route Autonomous Vehicle Production, Revenue (Value) by Region (2014-2021)
4.1 Global Fixed-route Autonomous Vehicle Production by Region (2014-2021)
4.2 Global Fixed-route Autonomous Vehicle Production Market Share by Region (2014-2021)
4.3 Global Fixed-route Autonomous Vehicle Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Fixed-route Autonomous Vehicle Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Fixed-route Autonomous Vehicle Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Fixed-route Autonomous Vehicle Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Fixed-route Autonomous Vehicle Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Fixed-route Autonomous Vehicle Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Fixed-route Autonomous Vehicle Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Fixed-route Autonomous Vehicle Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Fixed-route Autonomous Vehicle Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Fixed-route Autonomous Vehicle Consumption by Regions (2014-2021)
5.2 North America Fixed-route Autonomous Vehicle Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Fixed-route Autonomous Vehicle Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Fixed-route Autonomous Vehicle Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Fixed-route Autonomous Vehicle Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Fixed-route Autonomous Vehicle Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Fixed-route Autonomous Vehicle Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Fixed-route Autonomous Vehicle Production, Revenue (Value), Price Trend by Type
6.1 Global Fixed-route Autonomous Vehicle Production and Market Share by Type (2014-2021)
6.2 Global Fixed-route Autonomous Vehicle Revenue and Market Share by Type (2014-2021)
6.3 Global Fixed-route Autonomous Vehicle Price by Type (2014-2021)
6.4 Global Fixed-route Autonomous Vehicle Production Growth by Type (2014-2021)

Chapter 7 Global Fixed-route Autonomous Vehicle Market Analysis by Application
7.1 Global Fixed-route Autonomous Vehicle Consumption and Market Share by Application (2014-2021)
7.2 Global Fixed-route Autonomous Vehicle Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Fixed-route Autonomous Vehicle Manufacturing Cost Analysis
8.1 Fixed-route Autonomous Vehicle Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Fixed-route Autonomous Vehicle

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Fixed-route Autonomous Vehicle Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Fixed-route Autonomous Vehicle Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Fixed-route Autonomous Vehicle Market Forecast (2021-2027)
12.1 Global Fixed-route Autonomous Vehicle Production, Revenue Forecast (2021-2027)
12.2 Global Fixed-route Autonomous Vehicle Production, Consumption Forecast by Regions (2021-2027)
12.3 Global Fixed-route Autonomous Vehicle Production Forecast by Type (2021-2027)
12.4 Global Fixed-route Autonomous Vehicle Consumption Forecast by Application (2021-2027)
12.5 Fixed-route Autonomous Vehicle Price Forecast (2021-2027)

Chapter 13 Appendix


 

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FAQ

What is Fixed-route Autonomous Vehicle?

Autonomous vehicles require less battery power and use less petrol, resulting in lower emission levels. This adds to the benefits, making it more environmentally friendly. Fixed-route autonomous vehicle Industry is the big bus that travels down main streets and picks up passengers at designated bus stops.

What are the top companies in the Fixed-route Autonomous Vehicle Market?

Cisco Systems, Local Motors, RDM Group, Yutong, NCDOT, Daimler, Tesla, EasyMile, Volkswagen, Phoenix Wings, Navya, DFKI Robotics Innovation Center

What are the key factors driving the Fixed-route Autonomous Vehicle Market?

Autonomous vehicles use artificial intelligence (AI) apps, light detection and ranging (LiDAR), RADAR, and cameras to navigate. When driving at high speeds or stopping and re-accelerating rapidly, a lot of gas is burned. Factors such as reduced traffic congestion due to increased protection and the expansion of connected infrastructure are expected to drive the global fixed-route autonomous vehicle market.

In which Region the market is growing?

North America is expected to lead the Fixed-route Autonomous Vehicle market, followed by Europe and the Asia Pacific, as it includes some of the most technologically advanced companies and OEMs. Furthermore, technology innovators such as Google, Microsoft, and Delphi Automotive are heavily investing and testing their technology in autonomous vehicles to commercialize it in Europe and the Asia Pacific.

What are the segmentation of Fixed-route Autonomous Vehicle Market?

The global Fixed-route Autonomous Vehicle market Size, Trends and Share Analysis has been segmented based on type, and application.

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Fixed-route Autonomous Vehicle Market Size, Share ...

RD Code : AT22