Latest News- Autonomous Bus Market: Semi-autonomous is expected to lead the Type segment during 2025-2029

The Autonomous Bus Market is being driven by Growing developments in autonomous vehicle corridors

The Autonomous Bus Market is expected to grow at a CAGR of 22.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2877 million. The autonomous bus market is experiencing significant advancements, driven by technological innovations and a growing focus on safe and dependable autonomous driving solutions. Notable developments include the UK's introduction of its first full-sized self-driving bus in May 2023, as part of a government-backed autonomous vehicle initiative. Additionally, during the same month, five single-deck autonomous buses were trialed in Edinburgh, each with a safety driver on board, as part of the Project CAVForth experiment, supported by the UK Government's Centre for Connected and Autonomous Vehicles (CCAV). These developments underscore the market's potential for robust growth in the forecast period. 

Get more information on Autonomous Bus Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Semi-autonomous
  • Fully-autonomous
• Propulsion
  • Diesel
  • Electric
  • Hybrid
• End-user
  • Public transportation
  • Private shuttle services
  • Logistics and goods transport
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing developments in autonomous vehicle corridors
• Growing investments in autonomous mobility
• Favorable guidelines and policies supporting autonomous vehicle development

However, the market also witnesses some limitations, which are as follows:

• Cyberthreats faced by autonomous buses
• Reliability and safety concerns over on-road driving of autonomous vehicles
• Environmental impact of autonomous vehicles

Benefits of Buying Global Autonomous Bus Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Autonomous Bus Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Autonomous Bus Market is experiencing significant advancements with the integration of innovative technologies such as direct injections and fiber-reinforced materials, including glass fiber. ICE and hybrid passenger vehicles are adopting these technologies, with direct injection engines utilizing quartz devices and silicon solutions. Valves and cylinder heads are also being enhanced, while raw material suppliers provide timing belt kits and AI technology ensures precise timing drive. Overall, these advancements contribute to the evolution of the autonomous bus industry.

Market Research Overview

The global automobile manufacturing industry encompasses corporations involved in the production of passenger cars, commercial vehicles, and all-terrain vehicles. Notably, this sector excludes manufacturers of motorcycles, scooters, e-bikes, trikes, and three-wheelers. According to Technavio's market analysis, the expansion of the global automobile manufacturers market is primarily driven by the integration of advanced technologies and features in vehicles. These advancements include increasing electronic components, enhanced safety systems, autonomous capabilities, emission standardization, improved fuel efficiency through electronic fuel control, and customizable options. These features are attracting a significant customer base and propelling the growth of the automobile manufacturing industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/