Future of Global Shared Driverless Shuttle Bus Market, Forecast to 2031

Future of Global Shared Driverless Shuttle Bus Market, Forecast to 2031

The Market for Shared Driverless Shuttle Buses and Technology to be Worth $10.40 Billion by 2031

RELEASE DATE
09-Jan-2019
REGION
North America
Research Code: K298-01-00-00-00
SKU: AU01775-NA-MR_22778

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Description

The rapid rate of urbanization in many parts of the world has heavily stressed their urban transport system. Many areas are underserved by transit systems due to the lack of first and last mile connectivity, inaccurate scheduling, low availability of cabs, expensive ride services, and traffic congestion. Alternative modes of transportation, that offer first and last mile connectivity, will improve the ridership and efficiency of mass transit systems.

The ownership of privately owned vehicles is expected to fall by 50 percent, and they could possibly be taxed during peak hours of operation in urban areas. Over the next five to ten years, shared mobility could emerge as the transportation of the future. Companies in the shared driverless vehicles(SDVs)/shared autonomous vehicles(SAVs) market have been conducting vehicle test pilots since 2015, with North America and Europe alone accounting for 85% of them. Comprehensive testing of SDVs in regular traffic conditions and adapting them to changing traffic ecosystems will enable them to leverage available traffic data to make real-time decisions regarding necessary adjustments in their routes and scheduling. Top companies in the market have also tested their vehicles at annual events such as International Manufacturing Technology Show (IMTS) in October 2018 and on main roads in cities such as Renmark and the city of Playford in Australia. There are SDVs carrying only commodities in Mountain View, California, US, to deliver goods from the neighbourhood shopping areas to the consumers. Countries like Japan and China have started mass producing SDVs for deployment in late 2018 and early 2019.

SDVs will help build a consistent commuter base once they improve their safety measures and trustworthiness among end users. The market can potentially reach $10.40 billion by 2031. This study provides the competitive structure of the major industry participants, insights into the key components and technologies employed, analyses of market drivers and restraints, company profiles, revenue forecasts, and the estimated revenue split in market segments and regions.

Author: Guruguhan Nataraj

Table of Contents

Key Findings

Key Findings and Future Outlook

Research Scope

Research Aims and Objectives

Research Background

Research Methodology

Key OEMs or Participant Groups Compared in this Study

Benefits and Applications of SDVs

Vehicle Segmentation

Modes of Operation

Operation of SDVs

Snapshot of Key Industry Participants (KIPs)

Regional Snapshot of SDV Suppliers

Regional Overview and Share of SDV Market

Key Application Areas of SDVs

Market Potential for SDVs across Applications

Challenges in Implementation of SDVs

Sensors Used in SDVs

Components of Sensor Technology for SDVs

Key Powertrain Components of SDVs

Electric Motors for SDVs—Market Overview

Market Drivers

Market Restraints

Costs of SDV Installation

SDV System Cost-Benefit Analysis

SDV System Revenue Analysis by Scenario

Cost Benefit Analysis with Break-even Time for SDV Systems

Total Estimated Revenues from SDVs

Total Estimated Revenues from Vehicle Sales

Total Estimated Deliveries of Vehicles

Total Estimated Vehicles in Operation

Competitive Landscape

Disruptors in Autonomous Solutions

Disruptors in the Autonomous Vehicle Industry

Benchmarking of Key Market Participants

Easymile—Components for WePod Project

Easymile EZ10

Navya—Components of the ARMA Shuttle

Navya Arma

2getthere—Vehicle Types

2getthere—Automated Vehicle Technology

Local Motors—Olli: Self-driving Enabled by IBM Watson IoT

Growth Opportunities in through Partnerships, Mergers & Acquisitions, New Business Models, and New Technology

Strategic Imperatives for Success and Growth

Key Conclusions and Future Outlook

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

List of Figures
  • 1. Shared Driverless Vehicles Market: Current and Future Outlook, Global, 2017 and 2031
  • 2. Total SDV Market: Key Industry Participants, Global, 2017
  • 3. Shared Driverless Vehicles Market: Market Potential in Application Areas, Global, 2016–2031
  • 4. Shared Driverless Vehicles Market: Key Market Challenges, Global, 2018–2031
  • 5. Shared Driverless Vehicles Market: Overview of Sensor Technology, Global, 2017
  • 6. SDVs Market: Types of Electric Motors in SDVs, Global, 2017
  • 7. Shared Driverless Vehicles Market: Key Market Drivers, Global, 2018–2031
  • 8. Shared Driverless Vehicles Market: Key Market Restraints, Global, 2018–2031
  • 9. Shared Driverless Vehicles Market: Costs Associated with SDV System, Global, 2017
  • 10. Shared Driverless Vehicles Market: Calculation of SDV System Operating Factors for Cost-Benefit Analysis, Global, 2017
  • 11. Shared Driverless Vehicles Market: Example Revenue Analysis of SDV System by Scenario, Global, 2017
  • 12. Shared Driverless Vehicles Market: Benchmarking of Key Industry Participants, Global, 2018
List of Charts
  • 1. Shared Driverless Vehicles Market: Key Takeaways, Global, 2017–2031
  • 2. Shared Driverless Vehicles Market: Vehicle Segmentation, Global, 2017
  • 3. Shared Driverless Vehicles Market: Snapshot of KIPs, Global, 2017
  • 4. Shared Driverless Vehicles Market: Snapshot of KIPs, Global, 2017
  • 5. Shared Driverless Vehicles Market: Regional Distribution of SDV Systems by Pilot Projects, Global, 2017
  • 6. Shared Driverless Vehicles Market: Key Application Areas of PRT and GRT Systems, Global, 2017
  • 7. SDVS Market: Key Electric Motor Manufacturers, Global, 2017
  • 8. Shared Driverless Vehicles Market: Cost Analysis with Break-even Time for SDVs, Global, 2017
  • 9. Shared Driverless Vehicles Market: Total Revenue by Scenario, Global, 2016–2031
  • 10. Shared Driverless Vehicles Market: Vehicle Sale Revenue by Scenario, Global, 2016–2031
  • 11. Shared Driverless Vehicles Market: Estimated Deliveries of Vehicles by Scenario, Global, 2016–2031
  • 12. Shared Driverless Vehicles Market: Vehicle in Operation by Scenario, Global, 2016–2031
  • 13. Shared Driverless Vehicles Market: Competitive Landscape, Global, 2017
  • 14. Shared Driverless Vehicles Market: Number of Top Disruptive Start-ups in the Automotive Industry by Category, Global, 2012–2017
  • 15. Funding of Start-ups by Category, Global, 2012–2017
  • 16. Shared Driverless Vehicles Market: Funding of Start-ups in the Automotive Industry by Category, Global, 2012–2017
  • 17. Shared Driverless Vehicles Market: Components of Easymile WePod, Global, 2017
  • 18. Shared Driverless Vehicles Market Specifications of Easymile EZ10, Global, 2017
  • 19. Shared Driverless Vehicles Market: Components of Navya ARMA, Global, 2017
  • 20. Shared Driverless Vehicles Market: Specifications of Navya ARMA, Global, 2017
  • 21. Shared Driverless Vehicles Market: GRT Automated Bus—Vehicle Specification, Global, 2017
  • 22. Shared Driverless Vehicles Market: PRT Automated Bus—Vehicle Specification, Global, 2017
  • 23. Shared Driverless Vehicles Market: Automated Technology Used In 2getthere, Global, 2017
  • 24. Autonomous Driving Market: Case Study—IBM Watson-enabled Olli, Global, 2016
Related Research
The rapid rate of urbanization in many parts of the world has heavily stressed their urban transport system. Many areas are underserved by transit systems due to the lack of first and last mile connectivity, inaccurate scheduling, low availability of cabs, expensive ride services, and traffic congestion. Alternative modes of transportation, that offer first and last mile connectivity, will improve the ridership and efficiency of mass transit systems. The ownership of privately owned vehicles is expected to fall by 50 percent, and they could possibly be taxed during peak hours of operation in urban areas. Over the next five to ten years, shared mobility could emerge as the transportation of the future. Companies in the shared driverless vehicles(SDVs)/shared autonomous vehicles(SAVs) market have been conducting vehicle test pilots since 2015, with North America and Europe alone accounting for 85% of them. Comprehensive testing of SDVs in regular traffic conditions and adapting them to changing traffic ecosystems will enable them to leverage available traffic data to make real-time decisions regarding necessary adjustments in their routes and scheduling. Top companies in the market have also tested their vehicles at annual events such as International Manufacturing Technology Show (IMTS) in October 2018 and on main roads in cities such as Renmark and the city of Playford in Australia. There are SDVs carrying only commodities in Mountain View, California, US, to deliver goods from the neighbourhood shopping areas to the consumers. Countries like Japan and China have started mass producing SDVs for deployment in late 2018 and early 2019. SDVs will help build a consistent commuter base once they improve their safety measures and trustworthiness among end users. The market can potentially reach $10.40 billion by 2031. This study provides the competitive structure of the major industry participants, insights into the key components and technologies employed, analyses o
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Table of Contents | Executive Summary~ || Key Findings~ || Key Findings and Future Outlook~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Background~ || Research Methodology~ || Key OEMs or Participant Groups Compared in this Study~ | Definitions and Segmentation~ || Benefits and Applications of SDVs~ || Vehicle Segmentation~ || Modes of Operation~ || Operation of SDVs~ | Overview of SDV Market~ || Snapshot of Key Industry Participants (KIPs)~ || Regional Snapshot of SDV Suppliers~ || Regional Overview and Share of SDV Market~ || Key Application Areas of SDVs~ || Market Potential for SDVs across Applications~ || Challenges in Implementation of SDVs~ | Overview of Technologies Used in SDVs~ || Sensors Used in SDVs~ || Components of Sensor Technology for SDVs~ || Key Powertrain Components of SDVs~ || Electric Motors for SDVs—Market Overview~ | Drivers and Restraints~ || Market Drivers~ || Market Restraints~ | SDV Market—Cost Breakdown Analysis~ || Costs of SDV Installation~ || SDV System Cost-Benefit Analysis~ || SDV System Revenue Analysis by Scenario~ || Cost Benefit Analysis with Break-even Time for SDV Systems~ | Total SDVs Market Forecasts~ || Total Estimated Revenues from SDVs~ || Total Estimated Revenues from Vehicle Sales~ || Total Estimated Deliveries of Vehicles~ || Total Estimated Vehicles in Operation~ | Competitive Environment Analysis~ || Competitive Landscape~ || Disruptors in Autonomous Solutions~ || Disruptors in the Autonomous Vehicle Industry~ || Benchmarking of Key Market Participants~ | Company Profiles~ || Easymile—Components for WePod Project~ || Easymile EZ10~ || Navya—Components of the ARMA Shuttle~ || Navya Arma~ || 2getthere—Vehicle Types~ || 2getthere—Automated Vehicle Technology~ || Local Motors—Olli: Self-driving Enabled by IBM Watson IoT~ | Growth Opportunities and Companies to Action~ || Growth Opportunities in through Partnerships, Mergers & Acquisitions, New Business Models, and New Technology~ || Strategic Imperatives for Success and Growth~ | Conclusions and Future Outlook~ || Key Conclusions and Future Outlook~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Exhibits~
List of Charts and Figures 1. Shared Driverless Vehicles Market: Current and Future Outlook, Global, 2017 and 2031~ 2. Total SDV Market: Key Industry Participants, Global, 2017~ 3. Shared Driverless Vehicles Market: Market Potential in Application Areas, Global, 2016–2031~ 4. Shared Driverless Vehicles Market: Key Market Challenges, Global, 2018–2031~ 5. Shared Driverless Vehicles Market: Overview of Sensor Technology, Global, 2017~ 6. SDVs Market: Types of Electric Motors in SDVs, Global, 2017~ 7. Shared Driverless Vehicles Market: Key Market Drivers, Global, 2018–2031~ 8. Shared Driverless Vehicles Market: Key Market Restraints, Global, 2018–2031~ 9. Shared Driverless Vehicles Market: Costs Associated with SDV System, Global, 2017~ 10. Shared Driverless Vehicles Market: Calculation of SDV System Operating Factors for Cost-Benefit Analysis, Global, 2017~ 11. Shared Driverless Vehicles Market: Example Revenue Analysis of SDV System by Scenario, Global, 2017~ 12. Shared Driverless Vehicles Market: Benchmarking of Key Industry Participants, Global, 2018~| 1. Shared Driverless Vehicles Market: Key Takeaways, Global, 2017–2031~ 2. Shared Driverless Vehicles Market: Vehicle Segmentation, Global, 2017~ 3. Shared Driverless Vehicles Market: Snapshot of KIPs, Global, 2017~ 4. Shared Driverless Vehicles Market: Snapshot of KIPs, Global, 2017~ 5. Shared Driverless Vehicles Market: Regional Distribution of SDV Systems by Pilot Projects, Global, 2017~ 6. Shared Driverless Vehicles Market: Key Application Areas of PRT and GRT Systems, Global, 2017~ 7. SDVS Market: Key Electric Motor Manufacturers, Global, 2017~ 8. Shared Driverless Vehicles Market: Cost Analysis with Break-even Time for SDVs, Global, 2017~ 9. Shared Driverless Vehicles Market: Total Revenue by Scenario, Global, 2016–2031~ 10. Shared Driverless Vehicles Market: Vehicle Sale Revenue by Scenario, Global, 2016–2031~ 11. Shared Driverless Vehicles Market: Estimated Deliveries of Vehicles by Scenario, Global, 2016–2031~ 12. Shared Driverless Vehicles Market: Vehicle in Operation by Scenario, Global, 2016–2031~ 13. Shared Driverless Vehicles Market: Competitive Landscape, Global, 2017~ 14. Shared Driverless Vehicles Market: Number of Top Disruptive Start-ups in the Automotive Industry by Category, Global, 2012–2017~ 15. Funding of Start-ups by Category, Global, 2012–2017~ 16. Shared Driverless Vehicles Market: Funding of Start-ups in the Automotive Industry by Category, Global, 2012–2017~ 17. Shared Driverless Vehicles Market: Components of Easymile WePod, Global, 2017~ 18. Shared Driverless Vehicles Market Specifications of Easymile EZ10, Global, 2017~ 19. Shared Driverless Vehicles Market: Components of Navya ARMA, Global, 2017~ 20. Shared Driverless Vehicles Market: Specifications of Navya ARMA, Global, 2017~ 21. Shared Driverless Vehicles Market: GRT Automated Bus—Vehicle Specification, Global, 2017~ 22. Shared Driverless Vehicles Market: PRT Automated Bus—Vehicle Specification, Global, 2017~ 23. Shared Driverless Vehicles Market: Automated Technology Used In 2getthere, Global, 2017~ 24. Autonomous Driving Market: Case Study—IBM Watson-enabled Olli, Global, 2016~
Author Guruguhan Nataraj
Industries Automotive
WIP Number K298-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9813-A6,9A70-A6,9694,9968-A6,9882-A6,9A57-A6,9AF6-A6,9AEC-CG