Market drivers include workforce reductions, safety
benefits, cost savings and accessibility
BOULDER,
Colo., May 16, 2024 /PRNewswire/ -- A new
report from Guidehouse Insights explores the global market for
automation in rubber-tire on-road transit operations.
Vehicle automation has been a lofty goal for decades, and the
subject of intense investment and research by developers who want
to make this futuristic technology commonplace. Now, in the light
duty vehicle (LDV) market, fully driverless vehicles are beginning
to emerge in certain cities and markets. According to a new report
from Guidehouse Insights, the automated public transit market is
expected to expand from 315 vehicles sold worldwide in 2024 to
11,518 vehicles sold in 2033, representing a compound annual growth
rate (CAGR) of 49.1%.
"While automated public transit is still in the nascent stages
of market development, it is expected to see significant growth
over the next decade," says Jake
Foose, research analyst with Guidehouse Insights. "Automated
public transit offers many of the advantages of LDV automation
along with a few significant additional benefits."
The often more limited operational design domain (ODD) of
transit means fewer exceptions to interrupt the vehicle. Transit
vehicles also typically follow lower speed routes, potentially
reducing harm in the event of a crash, especially where smaller,
shuttle-type buses are used. Additionally, automation has the
potential to solve many of the staffing issues transit agencies
currently face in the wake of the COVID-19 pandemic, allowing
drivers to be trained more to focus on passengers' riding
experience and serve higher density routes.
Transit also poses new challenges in deploying automation
technology. Transit operations are usually governed by additional
rules and regulations compared with private drivers on the road. In
addition, transit operations are substantial undertakings, and
adding an automated vehicle to the mix is not a simple process,
involving upfront costs as well as significant logistic issues,
according to the report.
The report, Automated Public Transit, provides automated
public transit market analyses, a deep dive into the drivers and
barriers to adoption, and an industry value chain analysis. It
provides sales and revenue estimates for transit automation
segmented into the two main vehicle sizes for the 10-year period
from 2024-2033. These analyses are further segmented by region and
use case. An executive summary of the report is available for free
download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the
dedicated market intelligence arm of Guidehouse, provides research,
data, and benchmarking services for today's rapidly changing and
highly regulated industries. Our insights are built on in-depth
analysis of global clean technology markets. The team's research
methodology combines supply-side industry analysis, end-user
primary research, and demand assessment, paired with a deep
examination of technology trends, to provide a comprehensive view
of emerging resilient infrastructure systems. Additional
information about Guidehouse Insights can be found at
www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global
provider of consulting services to the public sector and commercial
markets, with broad capabilities in management, technology, and
risk consulting. By combining our public and private sector
expertise, we help clients address their most complex challenges
and navigate significant regulatory pressures focusing on
transformational change, business resiliency, and technology-driven
innovation. Across a range of advisory, consulting, outsourcing,
and digital services, we create scalable, innovative solutions that
help our clients outwit complexity and position them for future
growth and success. The company has more than 16,000 professionals
in over 55 locations globally. Guidehouse is led by seasoned
professionals with proven and diverse expertise in traditional and
emerging technologies, markets, and agenda-setting issues driving
national and global economies. For more information, please visit
www.guidehouse.com.
* The information contained in this press release concerning
the report, Automated Public Transit, is a
summary and reflects the current expectations of Guidehouse
Insights based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press
release or the report. Please refer to the full report for a
complete understanding of the assumptions underlying the report's
conclusions and the methodologies used to create the report.
Neither Guidehouse Insights nor Guidehouse undertakes any
obligation to update any of the information contained in this press
release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse
Insights
+1.646.941.9139
cfradkin@scprgroup.com
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SOURCE Guidehouse Insights