Press release
Autonomous Trains Market Business Trends, Size Estimations, Demand Analysis, Industry Size And Share Updates
The global autonomous trains market is expected grow from $6.95 billion in 2020 to $7.73 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $10.8 billion in 2025 at a CAGR of 9%.
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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. The market consists of revenue generated by the company’s manufacturing the automatic trains by the sales of these products.
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.
The countries covered in the global autonomous trains market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global autonomous trains market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Autonomous Trains Market Segmentation:
1) By Train Type: Suburban Trains, Tram, Monorail, Subway/Metro, Long Distance Trains
2) By Technology: Automatic Train Control (ATC), Communication-Based Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC)
3) By Grade of Automation: GOA1, GOA2, GOA3, GOA4
4) By Application: Passenger Train, Freight, Mining
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A Few Points From The Table Of Contents
1. Executive Summary
2. Autonomous Trains Market Characteristics
3. Autonomous Trains Market Trends And Strategies
4. Impact Of COVID-19 On Autonomous Trains
5. Autonomous Trains Market Size And Growth
……
27. Autonomous Trains Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Autonomous Trains Market
29. Autonomous Trains Market Future Outlook and Potential Analysis
30. Appendix
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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