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Autonomous Bus Market Share

Report ID: GMI5105
Published Date: Oct 2023
Report Format: PDF

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Autonomous Bus Market Share

Major companies operating in the autonomous bus industry are:

AB Volvo
Apollo Baidu (Baidu, Inc.)
BYD Co. Ltd.
Daimler AG
Easymile
MAN Truck & Bus
Navya
New Flyer (NFI Group)
Toyota Motor Corporation
Yutong Group Co. Ltd.

Firms operating in the autonomous bus sector are actively pursuing a variety of strategic endeavors to reinforce their positions in the market. These initiatives involve pioneering advancements in AI and cloud technologies, cultivating strategic alliances, expanding their range of services, and fortifying security measures for data. These actions are aimed at adeptly addressing the dynamic demands of their customer base while concurrently adhering to the evolving landscape of regulatory compliance.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of autonomous bus reached USD 1.7 billion in 2022 and is set to record 19.7% CAGR between 2023 and 2032, says this GMI report.

Intracity segment held a market share of over 85% in 2022, due to potential of autonomous buses to revolutionize urban transportation.

Asia Pacific market share was over 50% in 2022, owing to the strong commitment to technological advancement of nations like China and India that pushing heavy investment in autonomous vehicle R&D.

AB Volvo, Apollo Baidu (Baidu, Inc.), BYD Co. Ltd., Daimler AG, Easymile, MAN Truck & Bus, Navya, New Flyer (NFI Group), Toyota Motor Corporation, and Yutong Group Co. Ltd.