Pune, Oct. 23, 2020 (GLOBE NEWSWIRE) — The global autonomous bus door system market size is expected to showcase significant growth by reaching USD 288.0 million by 2027. This growth is attributable to the rising number of smart city projects and the increasing adoption of advanced driver assistance systems (ADAS) that favors the development of advanced autonomous bus door system globally. Fortune Business Insights, in its latest report, titled, “Autonomous Bus Door System Market Size, Share & COVID-19 Impact Analysis, By Bus Type (Shuttle Bus, Articulated Bus, City Bus, BRT Bus), By Door Type (Conventional, Folding, Sliding Plug, Inward Gliding), By Operation (Pneumatic, Electric), By Propulsion Type (Internal Combustion Engine, Electric), and Regional Forecast, 2020-2027.” observes that the market stood at USD 184.0 million in 2019 and is projected to exhibit a CAGR of 12.0% between 2020 and 2027.
Halted Transportation Services amid COVID-19 to Lead to Sluggish Market Growth
The novel coronavirus has led to unprecedented economic loss owing to halted industrial operations. The total halt in the transportation services has led to major disruptions in logistics and supply chain. Additionally, this is expected to negatively impact the adoption of autonomous bus door systems across the automotive industry. However, the increasing government support by framing supportive policy to allow the automotive sector to return to normalcy is expected to bode well for market growth in the near future.
The automotive industry is experiencing massive growth backed by the introduction of advanced connectivity and automation technology. In the past, the operation of bus doors was manual, however, with the advancement in technology, today's autonomy has gained significance. The growing adoption of these bus door systems that are equipped with sensors is finding favor across several automobiles in the world.
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List of the Leading Companies Profiled in the Global Autonomous Bus Door System Market are:
- Vapor Bus International (Illinois, US)
- Ventura Systems CV (Bolsward, Netherlands)
- IVY MACHINERY (NANJING) CO., LTD. (Nanjing, China)
- Tesla (California, US)
- Caterpillar (Illinois, US)
- AB Volvo (Gothenburg, Sweden)
- Daimler AG (Stuttgart, Germany)
- Continental AG (Hanover, Germany)
- Robert Bosch GmbH (Stuttgart, Germany)
- Circle Bus Door Systems Co. Ltd (Nanjing, China)
- Transport Door Solutions (Essex, United Kingdom)
- Ebusco (Deurne, Netherlands)
What does the Report Include?
The market report includes a detailed assessment of various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides …
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