Autonomous Trains Market Share, Growth Forecast- Global Industry Outlook 2020
The global autonomous trains market is expected to decline from $8.33 billion in 2019 to $7.32 billion in 2020 at a compound annual growth rate (CAGR) of -12.16%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. The market is then expected to recover and reach $9.69 billion in 2023 at CAGR of 9.8%.
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The market for autonomous trains consists of sales of autonomous trains, which are automatic train protection (ATP) system enabled, helps the train to automatically stop at signals with speed control. The trains are designed with high powered cameras, latest sensors, GPS data, and onboard computer systems. The data is collected from sensors and monitored at control rooms which enables the autonomous system to make an informed decision. Autonomous trains can run more frequently and achieve higher speeds, enables managers to increase the number of trains in operation on a route instead of having to go to the significant expense of building new tracks.
Increased need for a safe, efficient, cheap, fast and reliable mode of transportation is contributing the growth of global autonomous train market. Rail is the safest mode of land transport and more attractive to the customer. It is also one of the fastest mode of transports, which moves on high speed lines that are expected to average up to 300 km/hour. The distance of 1000 Km can easily be reached within 5 to 7 hours. It offers much greater flexibility of the time, allowing train frequencies to be better matched to demand at peak and off-peak times.
Autonomous Trains Market Segmentation: -
By Train Type
1. Suburban trains
5. Long distance trains
1. Automatic Train Control (ATC)
2. Communication-Based Train Control (CBTC)
3. European Railway Traffic Management System (ERTMS)
4. Positive Train Control (PTC)
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Few Points From Table Of Content
1. Executive Summary
2. Autonomous Trains Market Characteristics
3. Autonomous Trains Market Size And Growth
4. Autonomous Trains Market Segmentation
5. Autonomous Trains Market Regional And Country Analysis
25. Autonomous Trains Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Autonomous Trains Market Market
27. Autonomous Trains Market Trends And Strategies
28. Autonomous Trains Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the autonomous trains market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the autonomous trains market are Alstom S.A.; ABB,; Bombardier Transportation; CRRC Transportation; Hitachi Ltd.,; Kawasaki Heavy Industries; Mitsubishi Heavy Industries; Siemens AG.,; Thales Group.; Ansaldo; Beijing Traffic Control Technology; General Electric,; China CNR Corporation Ltd.
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