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Autonomous Bus Market Share
Apollo Baidu, AB Volvo, Mercedes Benz and Daimler collectively held a substantial market share of over 59% in the autonomous bus industry in 2024. These companies are dominating the market due to their strong technological expertise, extensive R&D investments, and established leadership in the automotive and mobility sectors. Apollo Baidu leads with its advanced AI and autonomous driving systems, partnering with key players for large-scale deployment.
AB Volvo focuses on developing sustainable, electric autonomous buses, capitalizing on Europe’s demand for eco-friendly transport. Mercedes-Benz and Daimler leverage their reputation for high-quality vehicles while pioneering autonomous solutions and electric bus technologies. Their combined expertise, innovative platforms, and global reach enable them to shape the market’s future.
Autonomous Bus Market Companies
Major players operating in the autonomous bus industry are:
- AB Volvo
- Apollo Baidu
- BYD
- Easymile SAS
- MAN Truck & Bus
- Mercedes Benz
- Navya
- New Flyer
- Toyota Motor
- Yutong Group
How big is the autonomous bus market?
The market size of autonomous bus reached USD 2.1 billion in 2024 and is set to grow at a CAGR of 18.9% from 2025 to 2034, driven by increasing demand for sustainable and efficient public transportation systems.
How dominant is the electric segment in the autonomous bus industry?
The electric segment held over 65% of the market share in 2024, led by its alignment with global sustainability goals and advancements in battery technology improving range and efficiency.
What was the revenue share of the U.S. autonomous bus market?
The U.S. market accounted for 90% of the revenue share in 2024 and is expected to surpass USD 3 billion by 2034, supported by strong technological innovation and significant R&D investments.
Who are the major players in the autonomous bus industry?
The key players in the industry include AB Volvo, Apollo Baidu, BYD, Easymile SAS, MAN Truck & Bus, Mercedes Benz, Navya, New Flyer, Toyota Motor, and Yutong Group.