Autonomous Trains Market Size, Market Dynamics, Factors Leading The Development, And Forecasts

Global autonomous trains market was at 8,000 Km in 2018 and is projected to surpass 29,000 Km by 2028 at a CAGR of around 13% from 2018 to 2027.

Autonomous trains are the further step to future transportation system. The global demand of autonomous train market is rising at a lightning pace as the total driverless underground or over ground trains are becoming realistic in several developed nations around the globe. During the forecast period, railway system will be the most productive and efficient mean of transportation as there is an increase in demand for autonomous trains globally. In autonomous trains, the decision to run or stop is being decided by the train itself without an assistance of a driver in real time. In present-day metro and rail network, the train systems are connected with Automatic Train Control (ATC) that full fill the purpose of speed control mechanism. Autonomous trains are also equipped with ATP (Automatic Train Protection) that is a type of train protection system that performs the purpose of speed restriction and as well as have the ability to automatic stop at signals. This novel generation of automated trains has enormous impact on the railway system and is likely to expand the demand of this technology. Thus acquisition of autonomous train operation is likely expected to boost the market growth during the forecast period 2018-2027.

Major Key Players of the Autonomous Trains Market are:
Bombardier Transportation, Siemens AG, Alstom S.A., Thales Group, Ansaldo STS, Incheon Transit Corporation, Beijing Traffic Control Technology, China CNR Corporation Ltd among others.

Get sample copy of “Autonomous Trains Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=25643

According to the UN Department of Economics and Social Affairs, urban areas would account for more than 60% share of the total world population by the end of the forecast period. This drives the need for autonomous trains which can provide key solutions to keep rail passenger traffic and congestion under control. There is an increasing trend of urbanization in developing countries due to job requirements which is driving the hub and spoke scenario in major cities. People from small cities/towns are migrating to industrialized metropolitan cities to grab job opportunities which is anticipated to drive the transit demand and in turn boost the autonomous trains market. By 2025, 35% of the world’s population is expected to move to middle class, which in turn, is anticipated to improve the volume of travelers and the choice of mode of travel. Demographic and economic shift are projected to result in new global order for rail transport solutions such as autonomous trains.

The global autonomous trains market has been segmented as follows:

Autonomous Trains Market: By Automation Type (Distance Km, Units; 2018-2027)

  • GoA 1
  • GoA 2
  • GoA 3
  • GoA 4

Autonomous Trains Market: By Train Type (Distance Km, Units; 2018-2027)

  • Passenger Train
    • Long Distance Train
    • Suburban Train
    • Mono Rail/ Subway/ Metro
    • Tram
  • Freight Rails
  • Mining Rails

Increasing demand for safe travel is anticipated to drive the autonomous trains market as they minimize or eliminate the accidents caused by human error. Autonomous trains use a range of sensors which constantly monitor the surroundings of the train. These trains have advanced features such as automatic track identification system, infra-red collision system, and automatic fire detection & breaking system. These advanced features provide autonomous train with the capacity to reduce collision, deaths, and injuries which is set to boost the demand of the autonomous trains.

Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=25643

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com