Recent Trends in Autonomous Train Market - Expected to Sold 106,290 Units by 2030 - Overview by Alstom, Bombardier, Hitachi and Kawasaki Heavy Industry Players
The market report studies the autonomous train market and forecasts the market size, by volume, based 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), and track length. The increasing demand for efficient transportation with a high level of safety is expected to drive the market across the globe.
The autonomous train market, in terms of volume, is projected to grow at a CAGR of 4.87% from 2018 to 2030. The market is estimated to be 60,078 units in 2018 and is projected to reach 106,290 units by 2030. Market growth can be attributed to the need for a safe, efficient, and reliable mode of transportation. In addition, the need to reduce accidents caused by human error is leading to the growth of the autonomous train market.
The GOA 4 segment of the autonomous train market is projected to grow at the highest CAGR during the forecast period. The growth of the GOA 4 segment is driven by various ongoing/upcoming projects across the globe. In these projects, the government plays the major role of budget allocation for infrastructure development and deployment of driverless trains. Low electricity consumption, less wear & tear of components, and more passenger room would also drive the market for GOA 4 trains.
The Asia Pacific is the fastest-growing region in the global autonomous train market. The market growth in the region can be attributed to the development of infrastructure, increase in government spending on the transportation sector, and ongoing/upcoming projects in various countries of this region.
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The report covers the autonomous train market, in terms of volume (units). It explains the quantitative and qualitative aspects of the autonomous train market based on train type. The report segmentsthe autonomoustrain market based 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 region.
#Table of Content
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Autonomous Train Market, By Train Type
7 Autonomous Train Market, By Application Type
8 Autonomous Train Market, By Level of Automation
9 Autonomous Train Market, By Technology
10 Autonomous Train Market, By Component
11 Autonomous Train Market, By Track Length
12 Autonomous Train Market, By Region
13 Competitive Landscape
14 Company Profiles
#More Information on ”Autonomous Train Market by Level of Automation (GOA1, GOA2, GOA3, GOA4), Technology (CBTC, ERTMS, ATC, PTC), Application, Component (Antenna, Camera), Train Type (Metro, Light Rail, Bullet Train/HSR), Track Length, and Region - Global Forecast to 2030” report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1530321 .
The key factors restraining the growth of the market are the long stopping distance and cost incurred in developing infrastructure for autonomous trains. The autonomous train market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Alstom (France), Siemens (Germany), Bombardier (Canada), Hitachi (Japan), and Kawasaki Heavy Industries (Japan).
• Infrastructure Providers for Railway Lines
• Manufacturers of Rail Components
• Rail Leasing Authorities
• Rail Service Providers
• Railway Contractors
• Railway Industry Associations
• Railway Manufacturers
• Railways Organizations/Associations
• Raw Material Suppliers for Autonomous Trains
• Traders, Distributors, and Suppliers of Autonomous Trains
By component, the camera is expected to be the largest market, which can be attributed to the increasing need to monitor systems to increase the safety of passengers. The camera is also projected to be the fastest-growing market during the forecast period. The increasing demand for safety inside the trains is expected to drive the growth of cameras, which monitor, calculate passenger count, and process the overload capacity by sharing real-time information with the server.
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