Press release
Autonomous Trains Market Demand, Trends, Growth Rate, Regional Status And Forecast To 2032
Autonomous Trains Market Analysis
The Business Research Company's Autonomous Trains Global Market Report 2023 identifies increased need for a safe, efficient, cheap, fast, and reliable mode of transportation as the major driver for the autonomous trains market's growth in the forecast period. Rail is the safest mode of land transport and the most attractive to the customer. It is also one of the fastest modes of transport, 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 time, allowing train frequencies to be better matched to demand at peak and off-peak times.
The global autonomous trains market size will grow from $9.08 billion in 2022 to $9.79 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the autonomous trains is expected to grow to $13.00 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the autonomous trains market are Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, Hitachi Ltd., Kawasaki Heavy Industries
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The autonomous trains market is segmented -
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the autonomous trains market.
The Business Research Company's "Global Autonomous Trains Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Autonomous Trains Market Include:
1. Executive Summary
2. Autonomous Trains Market Characteristics
3. Autonomous Trains Market Trends And Strategies
4. Autonomous Trains Market - Macro Economic Scenario
5. Autonomous Trains Market Size And Growth
…….
26. Africa Autonomous Trains Market
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
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