Autonomous Train Technology Market : GOA 1, GOA 2, GOA 3, and GOA 4 Industry Forecast, 2019-2026

According to a recent report published by Allied Market Research, titled, "Autonomous Train Technology Market by Grade of Automation, Train Type, Technology and Component: Global Opportunity Analysis and Industry Forecast, 2019-2026" the global autonomous train technology market was valued at $5.88 billion in 2018, and is projected to reach $15.57 billion by 2026, registering a CAGR of 12.9% from 2019 to 2026.

At present, Canada dominates the market, followed by the U.S. and Mexico in North America. However, U.S. is expected to grow at a higher CAGR during the forecast period. In addition, in 2018, France led the autonomous train technology market size in Europe region followed by Italy, Germany, rest of Europe, Russia, and the UK.

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Train automation requires all of the operations of the train to be automated with the help of components such as sensors, cameras, communication devices, and more. Thus, higher budget needs to be allocated for upgradation of the existing trains, infrastructure, development of the trains and many more. Most of the developed countries have already adopted the autonomous trains of GoA-4. For instance, Australia have fully adopted automation in their railway industry and developing countries such as India, China which are in development phase are allocating higher budgets for automation. Further, unattended trains or driverless trains require highly trained professionals, advanced system on the train and at the control rooms to carry out the flawless operations and working which further incurs the cost. The overall effect of the same results in the need of large investments for the automation process which is expected to hamper the growth of the autonomous train technology market especially in developing countries.

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Key Findings of the Autonomous Train Technology Market :

Based on train type, the passenger train segment generated the highest revenue in the autonomous train technology industry in 2018.
Asia-Pacific is anticipated to exhibit the highest CAGR during the autonomous train technology market forecast period.
Middle East leads the market in the LAMEA region.

The key players profiled in the autonomous train technology market share include Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, General Electric, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., and Thales Group.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.