South Korea Semi-Autonomous and Fully Autonomous Bus Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 20% from 2024 to 2030.
South Korea's Semi-Autonomous and Fully Autonomous Bus Market is rapidly evolving, with significant advancements and growing industry interest. These technologies aim to transform public transportation by enhancing safety, reducing congestion, and offering innovative solutions to meet the mobility demands of a modern society. As the demand for smart cities and sustainable solutions continues to grow, the market for these autonomous buses is expected to expand significantly.
The semi-autonomous and fully autonomous bus market in South Korea is fueled by the country's strong commitment to advancing technology and improving urban mobility. Semi-autonomous buses are equipped with features like adaptive cruise control, lane-keeping assistance, and automatic braking. These features support human drivers but still require their input and oversight. In contrast, fully autonomous buses operate without any human driver, relying on sensors, cameras, and AI algorithms to navigate roads and handle traffic autonomously.
Industries such as transportation, technology, and public services are at the forefront of this innovation. Transportation companies are increasingly exploring the deployment of autonomous buses to streamline operations, reduce labor costs, and offer more efficient services. With the introduction of autonomous buses, the need for skilled operators diminishes, and these buses can provide a more consistent and reliable service in urban environments. Furthermore, the shift toward autonomous vehicles is expected to reduce accidents caused by human error, promoting a safer transportation environment.
South Korea’s government has been instrumental in driving this technological shift by offering support for trials and collaborations with private companies. Furthermore, regulations and policies are gradually adapting to ensure that autonomous vehicles meet safety standards and can be integrated into existing transportation networks. Industries involved in developing autonomous bus technologies must focus on ensuring that these buses can safely navigate diverse traffic conditions and comply with legal and environmental standards.
To meet the demands of the market, industries require robust infrastructure, cutting-edge AI systems, and advanced vehicle-to-infrastructure communication technologies. Additionally, there is an emphasis on safety features such as emergency braking systems, sensors to detect pedestrians and obstacles, and accurate real-time navigation capabilities. As these technologies develop, the deployment of semi-autonomous and fully autonomous buses in South Korea is poised to become a critical part of the country's future transportation network.
As the market continues to mature, public and private sector collaboration will play a key role in shaping the future of South Korea's autonomous bus industry, driving innovation, and ensuring that these buses are efficient, safe, and reliable for mass transit applications.
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Baidu Apollo
ECHIEV
MOGO
WeRide
QCraft
Unity Drive
UISEE
SenseAuto
Freetech
Ant Ranger
Nuro
Udelv
Local Motors
Navya
EasyMile
2GetThere
Yutong
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Coast Autonomous
Toyota
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Semi-Autonomous and Fully Autonomous Bus Market
Semi-Autonomous Buses
Fully Autonomous Buses
Cardenal Buses
Minibuses
Double-decker Buses
Shuttle Buses
Artificial Intelligence (AI)
LiDAR and Radar Systems
Computer Vision
Sensor Integration
Public Transportation Systems
Private Shuttle Services
Inter-city Travel
Last-Mile Connectivity
Owned Fleets
Leased Fleets
Smart Mobility Services (e.g., ride-sharing solutions)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Semi-Autonomous and Fully Autonomous Bus Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Semi-Autonomous and Fully Autonomous Bus Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Semi-Autonomous and Fully Autonomous Bus Market, By Type
6. South Korea Semi-Autonomous and Fully Autonomous Bus Market, By Application
7. South Korea Semi-Autonomous and Fully Autonomous Bus Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Semi-Autonomous and Fully Autonomous Bus Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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