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Thursday, 08 December 2022 04:52 GMT

Autonomous Train Market Size Analysis, Latest Trends, Demand And Forecast 2022-2031

(MENAFN- America News Hour)

The autonomous train market is valued at USD 7.1 billion in 2022 and is expected to reach USD 15.2 billion by the year 2031. The market is anticipated to register a CAGR of about 6 % during the forecast period 
The COVID-19 pandemic has taken a toll on the global logistics industry as there were many supply chain disruptions across the world. The operations came to a halt as many countries imposed lockdown to tackle the pandemic. The Autonomous train market has seen a decline in both production and developments as the market registered a drop in orders and supply. As the economies are starting to revive, it is expected that the market anticipates positive growth in the coming years.
Technological advancements in transportation technology have made autonomous transportation possible. Though this technology is in the nascent stage, it is impacting all the modes of transportation such as trains. Railways are quietly making important advances in the development of driverless and eventually autonomous trains.

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The demand for safety, security, and efficient transport are majorly driving the autonomous train market. The need for faster mode of transportation is clearly visible across worldwide. These trains are equipped with the latest technology which includes the latest sensors, high-powered cameras, advanced navigation systems, and onboard computer systems.
In order to reduce human intervention and participation, the companies are focussing on developing autonomous mobility. The autonomous technology in trains can be more useful in reducing the number of accidents and pollution, reducing the load on fossil fuels, and an increase in efficiency. As, autonomous trains take comparatively less time to cover long distances than regular trains, as autonomous trains are connected server, which enables the trains to measure the exact distance between the trains.
Various rail manufacturers around the world working towards making this technology regular and some of them have already been successful. Heavy R&D investments are seen in this industry by key players in order to bring out most efficient and safer trains into action.
Key Market Trends
Growing Demand for Digitalization of Rails

The transformation in the global supply chain industry is creating more challenges for the logistics business with the increasing pressure to deliver fast and flexible services at a lower cost. Huge competition is observed in the rapidly evolving context as freight rail faces road transport when it comes to point-to-point logistics. This trend will only intensify under the effect of disruptive technologies like autonomous trains and on-demand mobility services.
As the world is facing an economic slowdown in every region due to pandemic, owing to which the railways around the globe have been hit by significant government budget cuts, limiting their ability to invest in infrastructure or maintain high service standards. At the same time, the railway industry is in the transformation stage, led by emerging digital technologies like 5G, big data, the Internet of Things, automation, artificial intelligence, and blockchain.
Digital technology has penetrated into almost every component of railway operations which includes rolling stock, Control and signaling systems, railway infrastructure, communications, etc. The advancement in digital technology, providing a unique opportunity for railways not just to stay relevant, but also to increase their share in the overall logistics market, and to become an integral part of the transition toward a greener, more sustainable freight transport.
Autonomous Trains Are Anticipated to Grow More in Asia-Pacific
Asia-Pacific is anticipated to lead the autonomous train market followed by Europe and North America, respectively. Japan and China have a significant number of high-speed automatic trains. The rail industry in Japan has witnessed significant achievements and the implementation of notable projects over the years. The governments across Asian countries are investing in autonomous rail projects and launching new rail projects which are likely to drive the autonomous train demand in the region. For instance, China is likely to start a 'smart' high-speed railway line equipped with automated bullet trains and AI-powered robotic porters by the end of 2019. The self-driving trains, named Fuxing or Rejuvenation, will use an automatic train operating system developed by Chinese engineers.
Countries in Europe are technologically advanced and witness a higher rate of adoption of advanced technology. Consequently, Europe is likely to hold the second position in the global autonomous trains market over the forecast period.

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Competitive Landscape
Some of the major players in the autonomous trains market are Bombardier Transportation, Siemens AG, Alstom S.A., Thales Group, Ansaldo STS, Mitsubishi Heavy Industries, Rio Tinto among others.
French National Railways (SNCF) completed its first test run in July with a remotely controlled locomotive-hauled autonomous train, as part of a project to develop driverless passenger and freight train prototypes by 2022.
A consortium, consisting of Alstom, Altran, Apsys, Hitachi Rail, Railenium, and SNCF successfully operated an autonomous train in GOA2 under real operating conditions, with fully automated acceleration and braking functions.

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness – Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Grades of Automation
5.1.1 GoA 1
5.1.2 GoA 2
5.1.3 GoA 3
5.1.4 GoA 4
5.2 By Application Type
5.2.1 Passenger
5.2.2 Freight
5.3 By Technology
5.3.1 CBTC
5.3.2 ETRMS
5.3.3 ATC
5.3.4 PTC
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Rest of the World
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Bombardier Transportation
6.2.2 Siemens AG
6.2.3 Alstom S.A
6.2.4 Thales Group
6.2.5 Ansaldo STS
6.2.6 Mitsubishi Heavy Industries
6.2.7 Kawasaki Heavy Industries
6.2.8 General Electric
6.2.9 Rio Tinto

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