Fixed-route Autonomous Vehicle Market - Overview-:
Fixed-route Autonomous Vehicle Market: Introduction
Research Informatic has published a new report titled “Global Fixed-route Autonomous Vehicle Market, 2017 – 2028”. The global fixed-route autonomous vehicle market is expected to expand at a CAGR of more than 7% in terms of value over the forecast period from 2022 to 2028, owing to rapidly increasing investments in autonomous mobility.
A favorable regulatory framework, government investment in digital infrastructure, and the proliferation of linked infrastructure are driving the worldwide fixed-route autonomous vehicle market. Developed automotive markets, such as Europe and North America, are leading the way in terms of infrastructure development for autonomous buses and shuttles due to the government initiatives in the region. For instance, the National Highway Transportation Safety Administration (NHTSA), has been pursuing a proactive and inclusive approach to the safe development, testing, and implementation of autonomous vehicle technologies.
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Furthermore, fixed-route autonomous vehicles aid in traffic congestion reduction. As a result of mounting safety concerns, governments in countries such as the United States, Germany, China, Japan, and others have begun to embrace fixed-route autonomous vehicles. In addition, China's government is developing a number of self-driving car technology. Approximately 300 Chinese localities have launched smart-city programs, with 93 focusing on transportation.
Fixed-route Autonomous Vehicle Market - Dynamics-:
The examination report clarifies the changing statistics in the Fixed-route Autonomous Vehicle Market that is relied upon to affect demand and supply. In addition, it digs into the administrative changes that are anticipated to move or break down the growing tendency of the market.
Drivers-: Increasing adoption of single-use technologies and focus on developing large molecule biopharmaceuticals is driving the market.
Challenge-: The small capacity of depth filters for high-density collection and the strict regulation of the filtration process with depth filters are limiting the market growth.
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Fixed-route Autonomous Vehicle Market: Competitive Landscape
Key players in the market are focusing on collaboration with other manufacturers of self-driving vehicles and other OEMs. For instance, Mercedes-Benz and Bosch announced they would work together on self-driving vehicle technology. The two German automakers will work together to develop the software and algorithmic systems needed for SAE level four and level five autonomous vehicles that can drive themselves in urban and extra-urban settings.
The global Fixed-route Autonomous Vehicle market has a moderately consolidated competitive landscape, with the top companies accounting for the majority of revenue. Some of the key players in the global fixed-route autonomous vehicle market include Cisco Systems, Local Motors, RDM Group, Yutong, Daimler, Tesla, Mercedes Benz, EasyMile, Volkswagen, Phoenix Wings, Navya, and DFKI Robotics Innovation Center.
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Global Fixed-route Autonomous Vehicle Market: Segmentation
Fixed-route Autonomous Vehicle Market, by Type
· Fixed-point Vehicles
· Scenic-spot Vehicles
Fixed-route Autonomous Vehicle Market, by Application
· Transportation
· Tourism
· Others
Fixed-route Autonomous Vehicle Market, by Region
· North America
o US
o Canada
o Mexico
· Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
· Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific
· South America
o Brazil
o Argentina
o Rest of South America
· Middle East & Africa
o GCC
o South Africa
o Rest of Middle East & Africa
Key-Findings from the Study
- The global fixed-route autonomous vehicle market is anticipated to add 2.4X value by 2028 as compared to 2020
- Fixed-point vehicles segment in terms of type is expected to gain traction during the forecast period
- Transportation as application segment is poised to grow with an impressive growth rate
- North America is set to dominate the market in terms of value during the forecast period
- Scenic-spot vehicles segment to create an absolute $ opportunity of more than US$ 2000 Mn by the end of 2028
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Some Points from Table of Contents of Fixed-route Autonomous Vehicle Market:
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
TOC Continued…!!
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