Home > Automotive > Mobility > Commercial Vehicles > Autonomous/Driverless Shuttles Market

Autonomous/Driverless Shuttles Market Trends

Report ID: GMI9296
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Autonomous/Driverless Shuttles Market Trends

The need for autonomous shuttles as shared transportation choices is driven by the growth of shared mobility services such as ride-hailing and microtransit. To incorporate autonomous shuttles into current mobility networks and provide adaptable & on-demand transportation options for urban & suburban regions, businesses are looking into forging alliances with transit agencies, transportation operators, and technology suppliers.

Growing worries about air pollution and climate change have shifted attention to the development of sustainable and electric driverless shuttles. To limit their environmental impacts and reduce greenhouse gas emissions, these shuttles use energy-efficient technologies, renewable energy sources, and electric motor systems. Furthermore, autonomous shuttles present chances for smart charging arrangements and vehicle-to-grid connections to maximize energy efficiency and grid stability.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of autonomous/driverless shuttles was reached USD 125.1 million in 2023 and is expected to register over 20% CAGR from 2024 to 2032, owing to the rapid urbanization leading to cities facing increased traffic congestion and challenges in public transportation systems worldwide.

Autonomous/driverless shuttles industry from the airport shuttle segment held over 27% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to contributing to reducing traffic, enhancing flow efficiency, and improving the overall transportation operations.

North America autonomous/driverless shuttles industry reached USD 34.6 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to an increase in the safety, dependability, and performance of autonomous vehicle systems in the region.

2getthere, Auro Robotics, Baidu, Coast Automonous, EasyMile, Local Motors, May Mobility, Navya, Transdev, and Optimus Ride, are some of the major autonomous/driverless shuttles companies worldwide.