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Autonomous Train Components Market Report Analysis, Research Studies, Key Players And Forecast 2033
Autonomous Train Components Market Report
As per the report, the autonomous train components market size has grown rapidly in recent years. It will grow from $4.83 billion in 2023 to $5.65 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The autonomous train components market size is expected to see rapid growth in the next few years. It will grow to $9.86 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%.
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Electrification Of Trains Boosting Growth In The Autonomous Train Component Market
The growing electrification of railways is expected to propel the growth of the autonomous train components market going forward. Electrification of railways involves converting diesel-powered train systems to operate using electricity, typically through overhead lines or third rails, offering benefits like reduced emissions and increased efficiency. The electrification of railways is growing due to its benefits, such as increased energy efficiency, reduced emissions, improved performance, alignment with global sustainability efforts, and modernization in transportation. Autonomous train component systems maximize the benefits of train electrification by optimizing energy usage, enhancing safety, and improving overall operational efficiency. They also use a variety of technologies to control acceleration and braking and maintain appropriate spacing between trains, thereby reducing crashes, over speeding, and other safety issues on electrified railways. For instance, in February 2024, according to Eurostat, a Luxembourg-based intergovernmental statistical organization, the number of railcars powered by electricity in France rose to 7,113, marking an increase from 7,081 in 2021 and 6,908 in 2020. Similarly, in Sweden, the number increased to 2,889 in 2022, reflecting a growth rate of 25.99% compared to 2,291 in 2021. Therefore, the growing electrification of railways is driving the growth of the autonomous train components market.
Integration Of Advanced Technologies In The Autonomous Train Components Market
Major companies operating in the autonomous train component market are focusing on integrating advanced technologies, such as train control and supervision systems, to gain a competitive edge in the market. This system is designed for the operation and supervision of trains in rail-based transportation systems. For instance, in February 2023, Bharat Electronics Limited, an India-based government-owned aerospace and defense electronics company, in partnership with Delhi Metro Rail Corporation (DMRC), jointly launched the Indigenous-Automatic Train Supervision (i-ATS) system. This indigenously developed train control and supervision system is designed to enhance the overall efficiency and safety of train operations. The i-ATS system is elevating operational standards and safety across the railway network. i-ATS can be used to operate various rail-based systems, notably Indian railways. This technology has been built with the ability to work with different signaling vendors' systems with appropriate alterations.
The autonomous train components market covered in this report is segmented -
1) By Component: Radio Detection and Ranging (RADAR) Modules, Optical Sensor And Cameras, Odometers, Antennas, Light Detection and Ranging (LiDAR) Module, Infrared Cameras, Other Components
2) By Train Type: Long Distance Train, Suburban, Tram, Monorail, Subway
3) By Grade: Grades of Automation (GoA)A1 + Grades of Automation (GoA)A2, Grades of Automation (GoA)A3, Grades of Automation (GoA)A4
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Major companies operating in the autonomous train components market are Siemens AG, ZF Friedrichshafen AG, Mitsubishi Heavy Industries Ltd., Thales Group, Alstom SA, Kawasaki Heavy Industries, CRRC Corporation Limited, Wabtec Corporation, Bombardier Transportation, Construcciones y Auxiliar de Ferrocarriles (CAF), Westinghouse Air Brake Technologies Corporation (Wabtec), Yutong Bus Co. Ltd., Ansaldo STS, Navya SA, Nuro Inc., Udelv Inc., Ingeteam Corporation SA, Otiv BV, CASCO Signal Ltd., 4AI Systems Pty Ltd., Electric & Hybrid Rail Technology, Infotrans Engineers Private Limited, Bahnen der Stadt Monheim GmbH, Local Motors Inc., EasyMile SAS
Contents of the report:
1. Executive Summary
2. Autonomous Train Components Market Report Structure
3. Autonomous Train Components Market Trends And Strategies
4. Autonomous Train Components Market - Macro Economic Scenario
5. Autonomous Train Components Market Size And Growth
…..
27. Autonomous Train Components Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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