Autonomous Trains Gain Momentum: Market to Surge from $5.88B to $15.56B by 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.

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.

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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.

With the implementation of automation in trains, the capacity of the trains is increased with higher operational shift and train frequencies. Also, the turn-around time for the trains can be reduced at the terminus and new or additional trains can be introduced at routes having traffic congestion or at peak times. Moreover, the removal of driver cabins gives extra physical space to the passengers resulting in the rise in GRADE OF AUTOMATION to about 6%. Further, the reliability of driverless trains is much higher as compared to traditional trains as the chances for human errors are reduced to a larger extent owing to the automation technology which is driving the growth of the autonomous train technology market analysis.

GOA 2 segment to lead during the forecast period

Based on the grades of automation (GOAs), the GOA 2 segment accounted for the highest share in the global autonomous train technology market in 2018, contributing for nearly two-fifths of the total market share in terms of revenue, and is expected to continue to lead during the forecast period. This is attributed to demand for automation, implementation of new technology, and significant rise in railway budget and adopting automation in developing countries. On the other hand, the GOA 4 segment is expected to grow at the fastest rate with a CAGR of 16.4% from 2019 to 2026, owing to its capability to offer greater flexibility in operation, good safety record, and quality of safety.

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CBTC segment to maintain its dominance by 2026

Based on technology, the CBTC segment accounted for more than half of the total share of the global autonomous train technology market in 2018, and is expected to maintain its dominance during the forecast period. This is due to its cost effectiveness, ease in implementation, maintenance & expansion, safety, and highly advanced nature. On the other hand, the ETRMS segment is expected to grow at the highest CAGR of 16.2% from 2019 to 2026, owing to its safety, punctuality, reliability, and traffic capacity.

Autonomous railway infrastructure within a country increases the speed and efficiency of the railway systems for freight and passenger transportation. Also, the implementation of the autonomous train needs to be backed up by a large investment. The governments of the developing countries are investing more and more to meet the latest technology setup required for autonomous train. For instance, India invested $1.97 billion in the year 2018 towards its infrastructure development to meet the latest automation demand and will be investing $777.73 billion till the year 2022 to meet the required infrastructure demand which includes railway infrastructure development. This makes way for the numerous opportunities for train automation players operating in the country. Similarly, Paris has also allocated $28.2 billion to automate its old metro network with the construction of four new metro lines across Paris and expanding the existing lines. Hence, such improvements in developing countries creates autonomous train technology market opportunity.

Asia-Pacific to grow fastest, North America to follow

Asia-Pacific is the fastest growing region, expected to grow at the growth rate with a CAGR of 16.0% from 2019 to 2026. This is due to continuous improvement of autonomous train infrastructure in countries such as India, China, and Japan. North America holds the second position in terms of the growth rate. Europe accounted for the dominant share, holding for nearly three-fifths of the total market share of the global autonomous train technology market in 2018, and will maintain its pole position throughout the forecast period.

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Market players grabbing the largest pie

Alstom S.A.
ABB
Bombardier Transportation
CRRC Transportation
General Electric
Hitachi Ltd.
Kawasaki Heavy Industries
Mitsubishi Heavy Industries
Siemens AG
Thales Group

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