Global Autonomous Bus Market 2024-2028

Autonomous Bus Market 2024-2028

The autonomous bus market is forecasted to grow by USD 2294.31 mn during 2023-2028, accelerating at a CAGR of 21.86% during the forecast period. The report on the autonomous bus market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing developments in autonomous vehicle corridors, growing investments in autonomous mobility, and favorable guidelines and policies supporting autonomous vehicle development.

Technavio's autonomous bus market is segmented as below:

By Propulsion

• Diesel
• Electric
• Hybrid

By Type

• Semi-autonomous
• Fully-autonomous

By Geographical Landscape

• North America
• APAC
• Europe
• Middle East and Africa
• South America

This study identifies the increase in the launch of new autonomous buses as one of the prime reasons driving the autonomous bus market growth during the next few years. Also, the emergence of vehicle-to-cloud OTA solutions for autonomous vehicles and an increase in the deployment of autonomous vehicles as shuttles will lead to sizable demand in the market.

The report on the autonomous bus market covers the following areas:

• Autonomous bus market sizing
• Autonomous bus market forecast
• Autonomous bus market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading autonomous bus market vendors that include Aptiv Plc, Aurrigo, BYD Co. Ltd., Coast Autonomous Inc., DeepBlue Technology Shanghai Co. Ltd., Easymile SAS, Lilee Technology Inc., Mercedes Benz Group AG, Navya SA, NFI Group Inc., Proterra Inc., Robert Bosch GmbH, Toyota Motor Corp., Transdev Group SA, Xiamen King Long United Automotive Industry Co. Ltd., AB Volvo, Baidu Apollo Network Beijing Limited, Continental AG, Yutong Bus Co. Ltd., and ZF Friedrichshafen AG. Also, the autonomous bus market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.