Driverless shuttle Market Scope
Driverless Shuttles called as Autonomous shuttle are vehicles which allows a comprehensive solution to navigate to specific destination at an average speed of 50km/Hr with the use of sensor, AI, Radar technology allowing it to drive with having a human interference resulting in reduced traffic congestions and more road safety. This vehicle are mostly powered by electricity and will be used to reduce carbon emission and solve major environmental issues. Vehicles being more safe will reduce time consumed in driving also will reduce hardware used for safety resulting in vehicle being heavy weight.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Toyota (Japan), Baidu (China), Yutong (China), Polaris (United States), Magna (Canada), SoftBank (Japan), Transdev (Germany), Local Motors (United States), LeddarTech (Canada) and National Electric Vehicles (Sweden) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Driverless shuttle market throughout the predicted period.
Toyota (Japan), Baidu (China), Yutong (China), Polaris (United States), Magna (Canada), SoftBank (Japan), Transdev (Germany), Local Motors (United States), LeddarTech (Canada) and National Electric Vehicles (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Nuro (United States), Udelv (United States), e.Go (Germany), Navya (France), EasyMile (France), 2GetThere (Netherlands), Coast Autonomous (United States), Neolix (China), Milla Pod (France), May Mobility (United States), Next (United States), Ohmio (Auckland), Sensible4 (Finland) and Cleveron (Estonia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Driverless shuttle market by Type (Level 1 - Driver Assistance., Level 2 - Partial Automation., Level 3 - Conditional Automation., Level 4 - High Automation. and Level 5 - Full Automation.), by Application (Delivery Vehicle, Taxi and Cargo vehicle) and Region with country level break-up.
On the basis of geography, the market of Driverless shuttle 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).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
Optimus Ride which is SAE level 4 autonomous vehicle developer was acquired by Magna International a car mobility development company based in Canada.
Trucks developed by Gatik will be soon delivering goods to Sam's Club stores throughout the Dallas-Fort Worth area.
California, Florida, Michigan and Nevada passed comprehensive regulations governing the testing of autonomous vehicles. Nevada, the first state to pass an autonomous vehicle law in 2011, allows autonomous vehicles to be tested in the state, but the vehicle must be registered, insured and have a certificate of compliance issued by the state Department of Motor Vehicles.
Market Trend
- Delivering Products At A Better Rate By Solving A Practical Problem Through Autonomous Vehicles.
- Achieving Success In Deployment Of Maas In Dense Urban Areas.
- Collaboration Of Top Chip Makers With Top Automobile Makers.
Opportunities
- Cities Shifting To Future With Zero Carbon Emission.
- Lesser Means Of Connectivity In Small Scale Cities Will Give Rise To Driverless Shuttles.
- Countries Like America And Germany Passing Laws Which Will Allow Manufacturer To Test Autonomous Vehicles On Roads.
Restraints
- Over Dependence On Technology Will Lead To Misconduct.
Challenges
- Sensor Technology Which Can Help To Assist In Terms Of Road Maintenance And Factors Like Rain And Snow Are Not Yet Developed At Certain Level.
- Public Perception For Autonomous Vehicle As A Disruptive Force.
- Higher Initial Investment For R&D.
Key Target Audience
Automobile Services Providers, AI Developers, Sensors Technology Providers, Electrical Vehicles Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others