1. Home
  2. > Transportation Market Trends
Hyperloop Technology Global Market Report 2022

Hyperloop Technology Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6286074
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the hyperloop technology market are AECOM, Dinclix Groundworks. (DGW Hyperloop), Hyperloop One, Inc., Hyperloop Transportation Technologies, Space Exploration Technologies Corp., Transpod Inc., Zeleros, Dinclix GroundWorks, Hyperloop India, Tesla, Inc., Uwashington Hyperloop, VicHyper, Arrivo Corporation, Hardt Global Mobility, and The Boring Company.

The global hyperloop technology market is expected to grow from $0.74 billion in 2021 to $1.05 billion in 2022 at a compound annual growth rate (CAGR) of 41.44%. The hyperloop technology market is expected to reach $4.17 billion in 2026 at a CAGR of 41.27%.

Hyperloop technology consists of sales of hyperloop technology by entities (organizations, sole traders, and partnerships), which refers to ultra-high-speed ground transportation technology for passenger and goods transportation. The transportation system consists of sealed or partially evacuated tubes connecting mobility hubs in metropolitan areas through pressurized vehicles, which are referred to as pods.

The main types of hyperloop transport system includes capsule, guideway, propulsion system, and route, and they are used for passenger and freight transportation.The capsule segment consists of sales of capsule-based hyperloop technology products by entities (organizations, sole proprietors, partnerships) that refers to hyperloop technology products, which consists of a passenger pods or capsules and move via a tube that is either above or below ground.

Pumps remove most, but not all, of the air from the tubes to reduce friction.Overcoming air resistance is one of the most energy-intensive aspects of high-speed transportation.

These transportation systems travel at a speed of less than 700 kmph and more than 700 kmph.

North America was the largest region in the hyperloop technology market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the hyperloop technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rise in demand for a faster mode of transportation has propelled the growth of the hyperloop technology market.The Hyperloop system contains sealed and partially evacuated tubes that connect mobility hubs in large metropolitan areas, as well as pressurized vehicles, commonly referred to as pods, that can travel at high speeds.

Contactless levitation and propulsion methods, as well as reduced aerodynamic drag, make this possible.Passengers may travel from city to city in less than 45 minutes, at a top speed of 760 mph, using this hyperloop technology.

For instance, Virgin Hyperloop stated in November 2021 that the Pegasus passenger-carrying vehicle would make its public premiere at the Smithsonian Arts and Industries Building.Between November and July 2022, visitors will be able to witness the Pegasus vehicle at the Futures exhibition.

Because of the increased desire for faster modes of transportation, the demand for hyperloop technology is expected to boost during the forecast period.

Strategic collaboration between companies is a key trend gaining popularity in the Hyperloop technology market.Companies that are developing hyperloop technology are undergoing partnerships and collaboration to develop new technologies.

For instance, in Feb 2020 Saudi Arabia announced an agreement with Virgin Hyperloop to conduct a study on the use of hyperloop technology for the transport of passengers and cargo in the country.It added that under a deal with Virgin Hyperloop One (VHO), the world’s leading hyperloop firm, a revolutionary pre-feasibility study on the usage of hyperloop technology would be completed, laying the framework for a network of hyperloop routes across Saudi Arabia.

With the capacity to travel from Riyadh to Jeddah in 46 minutes, Neom from Jeddah in 40 minutes, Riyadh to Dammam and Jubail in 28 minutes, and beyond the Kingdom, Riyadh to Abu Dhabi in 48 minutes, the Kingdom is well connected to the Gulf.The increase in these agreements between the governments and companies for the development of hyperloop technology will help for the Development of this industry.

R&D and testing investments are a key trend gaining popularity in the hyperloop technology market.The companies developing hyperloop technology products are increasing investing development of innovative technology with great operational potential and testing of developed products to their existing products into commercialization.

For instance, in April 2022, TransPod, a Canada-based developer of hyper technology received $550 million in funding from UK’s Broughton Capital Group and China-state owned China-East Resources Import and export company, which would be used for the construction of the project.

The countries covered in the hyperloop technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on