Press release
Hyperloop Technology Market Growth & Key Business Strategies by Leading Industry Players AECOM, Dinclix Ground Works, Hyperloop India, Hyperloop One, Inc., Hyperloop Transportation Technology, Space Exploration Technologies Crop., Tesla, Inc., TransPod In
Asia-Pacific is expected to dominate the global hyperloop technology market during the forecast period. In addition, in 2022, China is expected to register the highest growth. Similarly, the U.S. is expected to dominate the market in North America during the forecast period, whereas the UK is anticipated to lead in the European region from 2022 to 2026According to a recent report published by Allied Market Research, titled, Hyperloop Technology Market by Type and Transportation System: Global Opportunity Analysis and Industry Forecast, 2022-2026, the global hyperloop technology market is estimated to account for $1,350 million in 2022, and is projected to reach at $6,000 million by 2026, growing at a CAGR of 45.2% from 2023 to 2026.
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Presently, Asia-Pacific dominates this market. In 2022, China is expected to register the highest growth in Asia-Pacific. Similarly, the UK led the overall market in the European region. Presently, the U.S. is expected to dominate the North American market.
Upsurge in demand for faster transportation mode has driven the hyperloop technology market growth. Furthermore, low cost of the transportation technology as compared to other transportation modes such as road, water, air, and rail, and its energy-efficient & environment-friendly nature fuel the growth of the market. However, the possibility of technical glitches and shortage of power restrain the market growth.
In 2022, the passenger segment dominated the global hyperloop technology market, in terms of revenue. However, based on transportation system, route is anticipated to dominate the global market, followed by tube in 2022.
The hyperloop technology is a pod-like vehicle, which operates through a reduced pressure tube that reaches average speeds of more than 350 miles per hour. For instance, the time taken by the travelers to travel from Los Angle to San Francisco and vice versa is just 35 minutes for a distance of 347 miles. Conversely, the bullet train runs at a speed of 150 miles per hour, taking people from Los Angles to Las Vegas in 80 minutes for a distance of 229 miles. Moreover, the distance between San Francisco and Los Angle is six to eight hours, depending on traffic, but the hyperloop transportation technology cuts that commute to just 30 minutes. Hence, high speed of this technology as compared to other transportation modes is significantly driving the growth of the global market.
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Owing to rise in concerns of environment degradation and depletion of natural resources, various technologies are being launched in the market that support the eco-friendly concept. Moreover, increase in awareness towards the consequences of air pollution caused by the conventional transportation modes and rise in level of exposure to traffic & noise drive the adoption of hyperloop technology.
Hyperloop technology has transformed the travelling experience, as it is the fastest mode of transportation. Furthermore, the benefits such as minimum cost, high speed, environment-friendly nature, and energy-efficient approaches are attracting investors towards it. However, safety & security concerns of passengers are expected to hinder the market growth. For instance, single breach in hyperloop can cause major damage, as air would rush into the tube at about the speed of sound.
LIST OF TABLES
TABLE 1. HYPERLOOP TECHNOLOGY MARKET REVENUE, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 2. HYPERLOOP TECHNOLOGY MARKET FOR PASSENGER TYPE, BY REGION, 2023-2026 ($MILLION)
TABLE 3. HYPERLOOP TECHNOLOGY MARKET FOR CARGO/FREIGHT TYPE, BY REGION, 2023-2026 ($MILLION)
TABLE 4. HYPERLOOP TECHNOLOGY MARKET REVENUE, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 5. HYPERLOOP TECHNOLOGY MARKET FOR TUBES, BY REGION, 2023-2026 ($MILLION)
TABLE 6. HYPERLOOP TECHNOLOGY MARKET FOR PROPULSION SYSTEM, BY REGION, 2023-2026 ($MILLION)
TABLE 7. HYPERLOOP TECHNOLOGY MARKET FOR CAPSULES, BY REGION, 2023-2026 ($MILLION)
TABLE 8. HYPERLOOP TECHNOLOGY MARKET FOR ROUTE SYSTEM, BY REGION, 2023-2026 ($MILLION)
TABLE 9. HYPERLOOP TECHNOLOGY MARKET, BY REGION, 2022-2026 ($MILLION)
TABLE 10. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 11. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 12. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022-2026 ($MILLION)
TABLE 13. U.S. HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 14. U.S. HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 15. U.S. HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 16. CANADA HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 17. CANADA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 18. CANADA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 19. MEXICO HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 20. MEXICO HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 21. MEXICO HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 22. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 23. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 24. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022-2026 ($MILLION)
TABLE 25. UK HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 26. UK HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 27. UK HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 28. GERMANY HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 29. GERMANY HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 30. GERMANY HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 31. FRANCE HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 32. FRANCE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 33. FRANCE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 34. RUSSIA HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 35. RUSSIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 36. RUSSIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 37. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 38. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 39. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 40. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 41. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 42. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022-2026 ($MILLION)
TABLE 43. CHINA HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 44. CHINA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 45. CHINA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 46. INDIA HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 47. INDIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 48. INDIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 49. JAPAN HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 50. JAPAN HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 51. JAPAN HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 52. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 53. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 54. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 55. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 56. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 57. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 58. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 59. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 60. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022-2026 ($MILLION)
TABLE 61. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 62. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 63. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 64. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 65. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 66. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 67. AFRICA HYPERLOOP TECHNOLOGY MARKET, 2022-2026 ($MILLION)
TABLE 68. AFRICA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022-2026 ($MILLION)
TABLE 69. AFRICA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022-2026 ($MILLION)
TABLE 70. AECOM: COMPANY SNAPSHOT
TABLE 71. AECOM: OPERATING SEGMENTS
TABLE 72. AECOM: PRODUCT PORTFOLIO
TABLE 73. DINCLIX GROUND WORKS: COMPANY SNAPSHOT
TABLE 74. DINCLIX GROUND WORKS: OPERATING SEGMENTS
TABLE 75. DINCLIX GROUND WORKS: PRODUCT PORTFOLIO
TABLE 76. HYPERLOOP INDIA: COMPANY SNAPSHOT
TABLE 77. HYPERLOOP INDIA: OPERATING SEGMENTS
TABLE 78. HYPERLOOP INDIA: PRODUCT PORTFOLIO
TABLE 79. HYPERLOOP ONE, INC.: COMPANY SNAPSHOT
TABLE 80. HYPERLOOP ONE, INC.: OPERATING SEGMENTS
TABLE 81. HYPERLOOP ONE, INC.: PRODUCT PORTFOLIO
TABLE 82. HYPERLOOP TRANSPORTATION TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 83. HYPERLOOP TRANSPORTATION TECHNOLOGIES: OPERATING SEGMENTS
TABLE 84. HYPERLOOP TRANSPORTATION TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 85. SPACE EXPLORATION TECHNOLOGIES CORP: COMPANY SNAPSHOT
TABLE 86. SPACE EXPLORATION TECHNOLOGIES CORP: OPERATING SEGMENTS
TABLE 87. SPACE EXPLORATION TECHNOLOGIES CORP: PRODUCT PORTFOLIO
TABLE 88. TESLA, INC.: COMPANY SNAPSHOT
TABLE 89. TESLA, INC.: OPERATING SEGMENTS
TABLE 90. TESLA, INC.: PRODUCT PORTFOLIO
TABLE 91. TRANSPOD INC.: COMPANY SNAPSHOT
TABLE 92. TRANSPOD INC.: OPERATING SEGMENTS
TABLE 93. TRANSPOD INC.: PRODUCT PORTFOLIO
TABLE 94. UWASHINGTON HYPERLOOP: COMPANY SNAPSHOT
TABLE 95. UWASHINGTON HYPERLOOP: OPERATING SEGMENTS
TABLE 96. VICHYPER: COMPANY SNAPSHOT
TABLE 97. VICHYPER: OPERATING SEGMENTS
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