Smart bus industry development overview

1. Market situation of smart bus industry

Under the dual promotion of information technology and national policies, in recent years, Chinese cities have accelerated the process of upgrading and upgrading public transport infrastructure and vehicle equipment, and have achieved significant growth and improvement in bus ownership, passenger volume, operating line distance, intelligent level and information management ability. According to the "13th Five-Year Plan" Development Outline of Urban Public Transport issued by the Ministry of Communications (referred to as the "Outline"), during the "12th Five-Year Plan" period, China's urban public transport development has made remarkable achievements, especially since China issued the "Guiding Opinions on the priority development of urban public transport", the construction of urban public transport development policy system has made new breakthroughs, and the urban public service guarantee ability has reached a new level. The quality of urban bus service has been newly improved, and since the beginning, China's smart bus industry has entered a period of rapid development.

At the same time, the number of buses in China still maintains a stable growth. According to the "China Urban Passenger Transport Development Report", from the perspective of urban passenger traffic structure distribution, in 2021 China's urban passenger traffic, the public tram passenger traffic will be 48.916 billion people, accounting for 49.2% of the total passenger transport; The number of cruise taxi passengers was 26.69 billion, accounting for 26.9% of the total passenger transport; The number of passengers on urban rail transit was 23.727 billion, accounting for 23.9% of the total passenger transport. Urban passenger ferries carried 51 million passengers, accounting for 0.05% of the total passenger transport. With the issuance of the "Notice of Green Travel Creation Action Plan" issued by the National Development and Reform Commission of the Ministry of Transport on July 24, 2020, the use of new energy vehicles is an important part of green travel, and the future is expected to usher in a number of new energy bus replacement waves, but also for the installation and upgrading of smart bus products to provide a huge increase.

The number of public buses in a country mainly depends on the total population and urbanization rate. According to historical data, with the increase of the total population and urbanization rate, the number of buses in China has also increased. There is still room for improvement in urban bus demand. With the increase of urbanization rate, the demand for public transport vehicles is increasing year by year.

2. Industry competition pattern

The smart transportation market is relatively dispersed, the industry concentration is low, and the region is strong. The smart transportation projects in various places are mostly implemented by local system integration enterprises, and the vast majority of enterprises are small local system integrators, but they are familiar with the business environment of the region, can quickly feedback the needs of users, and have high stickability interaction with users. Smart bus, as a subdivision of smart transportation, has a small number of professional enterprises, and the overall distribution of the market has a point-like structure, low industry concentration, and strong regional characteristics.

The national smart bus project undertaking, can be divided into: first, mainly specialized in the field of smart bus professional enterprises, including Tianmai Technology, Zhida technology, Blue Taiyuan, Nanjing smart transportation, Sitron technology and Xiamen satellite positioning; Second, large-scale system integrators in the intelligent transportation industry, including Hisense Network, Yi Hualu, Yinjiang Shares, etc.; Third, enterprises in other industries with smart bus business, such as Huawei, Baidu, Inspur Software and Amap, etc. In addition, telecom operators, local planning and design institutes, and local engineers are all project contractors in the smart bus industry.

At present, the listed companies or new third board companies committed to the field of smart public transport in the industry mainly include Tianmai Technology, Sitron Technology, Nanjing smart transportation and Xiamen satellite positioning, etc., while the major market participants in the public transport industry include Qingdao Hisense and Zhida Technology.

3, the development trend of the smart bus industry

As a transportation industry, the overall goal of the development of the smart bus industry should continue to be closer to the needs of residents for convenient travel. At the same time, with the rapid development of high-tech technologies such as 5G, Internet of Things, big data, cloud computing, Internet, pure electric, and driverless, it has pointed out the direction for the development of smart bus, which is reflected in the following three aspects:

(1) Driverless technology promotes bus intelligence

V2X, or wireless communication for vehicles, will help cars connect directly to surrounding vehicles, traffic lights, the cloud, and more. V2X can ensure the safe, comfortable, energy efficient and efficient driving of vehicles, which can help prevent 80% of all types of traffic accidents. Because V2X requires high-speed transmission of massive data, based on the characteristics of 5G's large capacity, high speed and low latency, driverless buses can normally use cloud-based artificial intelligence and data, and can "communicate" with various infrastructures on the road, thus improving the reliability and safety of operations.