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DUBLIN--(BUSINESS WIRE)--Sep 14, 2022--
The "Autonomous Bus Door System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global autonomous bus door system market size reached US$ 181.5 Million in 2021. Looking forward, the publisher expects the market to reach US$ 359.0 Million by 2027, exhibiting a CAGR of 12.04% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An autonomous bus door system is designed to eliminate human intervention and automatically operate the opening and closing of the bus doors. It relies on a combination of software and technologies like artificial intelligence (AI), light detection and ranging (LiDAR), radio detection and ranging (RADAR), cameras, and sensors to detect an individual within a specified proximity of the door. It assists in protecting doors from slamming and providing additional comfort and safety to passengers. As a result, its demand is escalating around the world.
The increasing demand for bus rapid transit (BRT) systems across the globe represent one of the key factors impelling the market growth. Apart from this, conventional, manually operated bus door systems are unsafe and incapable of ensuring passenger safety. They have led to a rise in the number of fatal accidents worldwide.
As a result, autonomous bus door systems are gaining traction on account of their reduced traffic congestion benefits. Moreover, governing agencies of several countries are implementing stringent regulations to install autonomous bus door systems, which is positively influencing their sales across the globe.
Furthermore, the increasing adoption of advanced driver assistance systems (ADAS) in autonomous bus door systems is preventing accidents. This, along with the escalating demand for fuel-efficient, high-performance and low-emission vehicles and significant investments in the transportation infrastructure, is creating a favorable market outlook.
However, the outbreak of the highly contagious coronavirus disease and subsequent imposition of lockdowns in various economies to prevent the spread of the infection has severely affected the growth of the market. The industry is projected to experience growth once restrictions are uplifted and operations in manufacturing units resume.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Autonomous Bus Door System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Bus Type
7 Market Breakup by Door Type
8 Market Breakup by Mechanism
9 Market Breakup by Propulsion Type
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/aa2vmc
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KEYWORD:
INDUSTRY KEYWORD: AUTOMOTIVE TECHNOLOGY TRANSPORT AUTONOMOUS DRIVING/VEHICLES SOFTWARE ARTIFICIAL INTELLIGENCE PUBLIC TRANSPORT
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/14/2022 11:41 AM/DISC: 09/14/2022 11:42 AM
http://www.businesswire.com/news/home/20220914005785/en