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Autonomous Freight Trains Market boosting the growth through 2026
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Enhanced safety of the freight being transported, reduced accidental rate, increased punctuality of the trains, and overall reduction in time required for transportation are primarily driving the global autonomous freight trains market. Autonomous trains are capable of detecting possible crash and component failure, which enables autonomous trains to take corrective action, such as braking and alerting the driver of the onboard crew members. Autonomous trains continuously monitor component-related data provided by the control unit. Based on that data, alert is prompted in order to take corrective measures. Elimination of onboard crew, increase in component life, and reduction of overall expenditure are prominent factors driving the global autonomous trains market.
The high initial cost of building infrastructure is a major factor restraining the global autonomous freight trains market. Moreover, complete or marginal changes in infrastructure are required for proper implementation of autonomous trains, which increases the initial cost.
The global autonomous freight trains market can be segmented based on grades of automation (GoA), ownership type, signaling and communication technology, and region. In terms of grades of automation, the global autonomous freight trains market can be divided into four segments. GoA 1 and GoA 2 trains are partially automated. These trains includes several automated operations, such as automatic train protection, automatic train operation, setting train in motion, and stopping the train. All these operations are performed under the driver’s supervision and onboard crew members’ surveillance. Rise in grade of automation leads to an increase in number of autonomous operations. Considering the exhaustive changes required for shifting to GoA 3 and GoA 4, freight train operating bodies are preferring for GoA 1 and GoA 2 levels of train automation, in order to enhance safety and punctuality.
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Based on ownership type, the global autonomous freight trains market can be classified into two segments. Rate of adoption of automation in privately operated freight trains is considerably high. Private freight train operators prefer the incorporation of autonomous systems in their trains in order to reduce overall expenditure over halting the train, component maintenance, crash, and train derailment.
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