According to the latest report by IMARC Group, titled “Autonomous Train Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global autonomous train market reached a value of US$ 7.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2027, exhibiting at a CAGR of 6.2% during 2022-2027.
Autonomous trains or driverless trains are mass-transit locomotives that are monitored from remote control stations and operated automatically without the involvement of any human intervention. Some widely utilized autonomous passenger and freight trains include metros, monorails, high-speed rails, bullet trains, light rails, etc. They are managed through remote stations that control the arrival, halting, departure, route, speed, and other parameters of the train. Autonomous trains comprise of odometers, tachometers, radio sets, cameras, accelerometers, etc. Compared to manually controlled trains, they offer numerous benefits, such as enhanced acceleration capabilities, higher system efficiency, minimized operational costs, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Autonomous Train Market Trends:
The expanding electrification and automation levels in the transportation industry are among the key factors driving the autonomous train market. In addition to this, the growing adoption of advanced systems that offer improved control over train operations is also propelling the market growth. Furthermore, the escalating demand for safe, secure, and efficient transport systems across countries is acting as another significant growth-inducing factor. Besides this, several technological advancements, including the integration of the Internet of Things (IoT) and Artificial Intelligence (AI) solutions with railway systems, are further augmenting the global market. Moreover, the introduction of communications-based train control (CBTC) technologies to reduce the time intervals between trains is anticipated to stimulate the autonomous train market in the coming years.
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Global Autonomous Train Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- ABB Ltd
- Alstom SA
- Belden Inc.
- Bombardier Inc.
- CAF Construcciones y Auxiliar de Ferrocarriles S.A.
- CRRC Corporation Limited
- General Electric Company
- Hitachi Ltd.
- Kawasaki Heavy Industries Ltd.
- Mitsubishi Heavy Industries Ltd.
- Siemens AG
- Thales Group
Breakup by Component:
- Radio set
Breakup by Train Type:
- Light Rail
- High-Speed Rail/Bullet Train
Breakup by Automation Grade:
- GoA 1
- GoA 2
- GoA 3
- GoA 4
Breakup by Technology:
Breakup by Application:
- Passenger Train
- Freight Train
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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