Global Autonomous Train Market is projected to reach around 86,122 (Thousand) Units by 2027
AUTONOMOUS TRAIN MARKET: Summary
The Global Autonomous Train Market is projected to reach around 86,122 (Thousand) Units by 2027 at a CAGR of around 4.38%.
Autonomous trains are operated without the presence of human interference and have complete control of movement between stations, departure, stops, opening and closing of doors, and others. They are also called as driverless trains. These trains are controlled automatically with the help of enhanced camera systems, highly powered sensors, GPS, and others are monitored with the help of a highly efficient computer system with machine learning (ML) capabilities. Automation technology on trains have proved to be more effective for a reduction in the number of accidents and pollution and an increased efficiency.
AUTONOMOUS TRAIN MARKET: Drivers & Restraint
- Rising Demand for Safety, Security and High-Quality Service
Trains are the safest and efficient ways of transportation compared to roadways due to the number of accidents recorded. Autonomous trains are equipped with advanced technology which includes high tech sensors, advanced navigation systems, cameras, onboard computer systems, and others which assist in operating without the driver and the safety of onboard passengers is increased. With the help of train to server communication, these trains can measure the correct distance between the trains which results in taking less time for covering long distances.
Thus, rising demand for safety, security, and high-quality service is expected to drive the autonomous train market during the forecast period.
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- Increasing Government Funding for Railway Development
Rising government budget in railways are driving the demand to meet advanced technologies in trains. Developing countries such as India and China are more focused on developing railway infrastructure by allocating higher funding. For instance, Union Budget 2019–2020 allocated USD 9.6 billion budget for railways.
Thus, increasing government funding for railway development is expected to propel the autonomous train market during the forecast period.
- High Initial Cost
Technologies used in autonomous trains are expensive and in addition to it, the operational and installation and maintenance cost increases the overall expenditure which acts as a restraint to the market growth. For instance, Advanced Driver Assistance Systems (ADAS) technology used in these trains is built in a variety of high-tech sensors which are costly.
Thus, the high initial cost is a restraining factor for autonomous train market growth during the forecast period.
Autonomous Train market: Key segments
- By Train Type: High-Speed Train, Metro Rail Transit (MRT), and Light Rail Transit (LRT).
- By Automation Level: GOA 1 (Manual Train Operation), GOA 2 (Semi-Automatic Train Operation), GOA 3 (Driverless Train Operation) and GOA 4 (Unattended Train Operation).
- By Component: Camera, Sensors, Radio Set, Odometer, Antenna, Tachometer, and Others.
- By Technology: Automatic Train Control (ATC), Automatic Train Protection (ATP), Automatic Train Operation (ATO), Communications-Based Train Control (CBTC), Positive Train Control (PTC) and European Rail Traffic Management System (ERTMS).
- By Application: Passenger Train and Freight Train.
- Based on Region Covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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Autonomous Train MARKET: Report SCOPE
The report on the autonomous train market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2018–2027Base Year for Market Calculation2019Forecasted Period2020–2027 (2020 estimated year, forecasted up to 2027)Measured UnitsVolume (Units)Segments IncludedTrain Type, Automation Level, Component, Technology, and ApplicationRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South Africa
KEY Companies Covered
- Alstom (France) (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Siemens (Germany)
- Hitachi, Ltd. (Japan)
- Kawasaki Heavy Industries, Ltd. (Japan)
- GENERAL ELECTRIC (US)
- Thales Group (France)
- MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
- ABB (Switzerland)
- CRRC Corporation Limited (China)
- TRANSMASHHOLDING (Russia)
- Other Key Companies
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Autonomous Train MARKET: report segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Autonomous Train Market, by Train Type
- High-Speed Train
- Metro Rail Transit (MRT)
- Light Rail Transit (LRT)
Autonomous Train Market, by Automation Level
- GOA 1 (Manual Train Operation)
- GOA 2 (Semi-Automatic Train Operation)
- GOA 3 (Driverless Train Operation)
- GOA 4 (Unattended Train Operation)
Autonomous Train Market, by Component
- Radio Set
Autonomous Train Market, by Technology
- Automatic Train Control (ATC)
- Automatic Train Protection (ATP)
- Automatic Train Operation (ATO)
- Communications-Based Train Control (CBTC)
- Positive Train Control (PTC)
- European Rail Traffic Management System (ERTMS)
Autonomous Train Market, by Application
- Passenger Train
- Freight Train
Autonomous Train Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
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Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 Autonomous Train Market By Train Type, Market Size In Units (2019–2027)
7 Autonomous Train Market By Automation Level, Market Size In Units (2019–2027)
8 Autonomous Train Market By Component, Market Size In Units (2019–2027)
9 Autonomous Train Market By Technology, Market Size In Units (2019–2027)
10 Competitive Landscape
11 Company Profiles
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