Semi-Autonomous & Autonomous Bus market was valued at US$ 66 million in 2022 and is anticipated to reach US$ 446.6 million by 2029, witnessing a CAGR of 33.2% - Valuates Reports

The global Semi-Autonomous & Autonomous Bus market was valued at US$ 66 million in 2022 and is anticipated to reach US$ 446.6 million by 2029, witnessing a CAGR of 33.2% during the forecast period 2023-2029.

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Autonomous Bus: A car that can accelerate, decelerate and stop without human intervention. Semiautonomous vehicles may be able to keep in lane, and they may also be able to park themselves, but they are not self-driving. In most cases, drivers must keep their hands on the wheel at all times.
Semi-autonomous Bus: An autonomous bus encounters just as many obstacles as an ordinary car or bus. The difference is that the autonomous bus must be equipped with an "awareness" that can manage all the information it receives during its journey.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of semi-automatic and autonomous bus include Navya, Yutong, WeRide, Karsan and Xiamen King Long Motor (Baidu Apollo), etc. The top five players hold a share over 60%. China and Europe are the world's key production area of semi-automatic and autonomous bus, with a combined market share of nearly 80%. In terms of product types, L4 is the largest market segment, occupying for a share of about 90%. In terms of product applications, semi-automatic and autonomous bus are mainly used in transfer, with a market share of about 76%, followed by travel.

This report aims to provide a comprehensive presentation of the global market for Semi-Autonomous & Autonomous Bus, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Semi-Autonomous & Autonomous Bus.
The Semi-Autonomous & Autonomous Bus market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Semi-Autonomous & Autonomous Bus market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Semi-Autonomous & Autonomous Bus manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
L3
L4

Segment by Application
Transfer
Travel

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