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Autonomous Train Market by Level of Automation, Technology, Application, Component, Train Type, Track Length And Region - Global Forecast to 2030

Autonomous Train Market: Global Forecast until 2030

  • May 2018
  • 157 pages
  • ID: 5402898
In this report:
The camera component is expected to be the largest market, growing at a CAGR of ##.##% and is expected to reach ##,## thousand units by 2030, which is attributed to the requirement to monitor systems in-order to increase the safety of passengers.
The metro/monorail segment of the autonomous train market is expected to grow at a CAGR of ##.##% from 2018 to 2030, to reach ##,## units by 2030.

Summary

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The growing demand for a safe, secure, and efficient mode of transportation is predicted to push the autonomous train market.

The autonomous train market, in terms of capacity, is expected to grow at a compound annual growth rate (CAGR) of ~4.9 percent from 2018 to 2030. The sector is forecasted to be 60,078 units in 2018 and is projected to extend 106,290 units by 2030. Industry growth can be connected to the need for a safe, efficient, and reliable mode of transportation. Additionally, the need to minimize accidents caused by human error is leading to the rise of the autonomous train market. Increased safety and service benefits for passengers and rised budget allocations for the development of railways are also driving the increase of the autonomous train market. Nevertheless, the lack of developed infrastructure can hamper the rise of the autonomous train market.

Rising number of metro rail projects to drive the autonomous train market.

Different developing countries have initiated projects for the development of autonomous train metro networks, which is anticipated to propel the increase of the transportation industry.Countries including China (CN), India (IN), South Korea (KR), US, United Kingdom, Mexico (MX), Brazil (BR), and South Africa plan to revolutionize their metro rail networks with the introduction of driverless trains.

This is anticipated to boost the industry for autonomous train globally.

GOA 4 automation is anticipated to be the fastest-growing segment in the autonomous train market globally.

The rise of the GOA 4 segment is influenced by different ongoing projects in rail infrastructure development, rised spending on transportation and infrastructure development, and a rise in safety and security of trains and passengers. Technological developments and high adoption of the metro/monorail have led to significant changes in the adoption of the levels of automation, from GOA 1 to GOA 4.

Asia-Pac to be the fastest growing area in the autonomous train market globally.

The Asia Pacific is the quickest-increasing area in the overall autonomous train market. The market increase in the territory can be accredited to the development of infrastructure, rise in government spending on the transportation market, and ongoing/upcoming projects in several countries of this area.

The market research includes industry insights from different market experts, ranging from component suppliers to Tier 1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category: Tier 1 - 52 %, Tier 2 - 27.0 percent, Tier 3 - 21.0 percent

• By Description: C-suite - 47.0 percent, D-suite - 37.0 percent, Others - 16.0 percent

• By Area: Asia Pacific (APAC) - 28.0 percent, North America continent - 22.0 percent, Europe (EU) - 26.0 percent, RoW - 14.0 percent, Middle East (ME) & Africa- 10.0 percent

• Kawasaki Heavy Markets

• General Electric

• Thales Group

• Mitsubishi Heavy Sectors

Segment Research

The study includes the autonomous train market, in terms of quantity.It explains the quantitative and qualitative aspects of the autonomous train market established on train type.

The document breaks down the autonomous train market established on the level of automation (GOA1, GOA2, GOA3, GOA4), train type (metro/monorail, light rail, high-speed rail/bullet train), technology (CBTC, ERTMS, PTC, ATC), application (passenger and freight), component (tachometer, doppler, accelerometer, camera, antenna, radio set), track length, and area.

Why Purchasing This Study Can Help You:

The analysis offers business insights into the following parts:

• business entry: The market research offers Exhaustive information on the autonomous train market and the top actors in the sector.

• Market Development: The industry report offers highlighted information about several technologies of autonomous train. The study examines the sector for different autonomous train technologies across distinct countries.

• industry diversification: The analysis offers complete information about emerging technologies, recent evolutions, and market investments in the overall autonomous train market.

• opposing assessment: The market research affords an detailed assessment of strategies, services, and manufacturing competences of key players in the overall autonomous train market.

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