According to the research report titled ‘Autonomous Bus Market Size By Level of Autonomy (Level 1, Level 2, Level 3, Level 4), By Fuel (Diesel, Electric, Hybrid), By Application (Intercity, Intracity), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028,’ available with MarketStudyReport, global autonomous bus market is expected to grow substantially during 2022-2028

The massive investments in R&D activities by technology providers, rising emphasis placed on automation & electrification of public transport, and advent of self-driving vehicle trends are parameters fostering the development of global autonomous bus industry.

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Besides, the soaring implementation of autonomous shuttles, and surging awareness regarding benefits like improved mobility, energy efficiency, and safety of autonomous vehicles are unveiling profitable opportunities for enterprises in this sector.

On the contrary, rise in the number of cyber threats on autonomous software & solutions, along with passenger security concerns prompting low confidence in the consumers are likely to hinder the growth of the market in the forthcoming years.

In terms of autonomy aspect, the level 2 segment is estimated to expand at a rapid pace during 2022-2028, given the soaring deployment of such buses in emerging economies. 

Concerning fuel ambit, the diesel vertical of worldwide autonomous bus market is reckoned to progress at a moderate CAGR during the analysis period, due to the rising awareness of alternative fuels facilitating the vast adoption of electric autonomous buses.

From an application standpoint, the intercity vertical is predicted to register a sizable valuation by the end of the review period, on account of surging number of intercity commuting trips. 

Speaking of the geographical front, Middle East & Africa market is poised to witness a 9% CAGR through 2028, reaching a notable valuation during the assessment timeframe, attributed to the mounting investments for the modernization of the regional transport system. 

The top players in global autonomous bus market include Singapore Technologies Engineering Ltd., Volvo Group, SB Drive Corporation, Apollo Baidu, Robert Bosch GmbH, BYD Co. Ltd., DENSO Corporation, EasyMile SAS, Continental AG, MAN Truck & Bus SE, Zhengzhou Yutong Group Co. Ltd., Daimler AG, Toyota Motor Corporation, Navya SAS, and NFI Group Inc. among others.