403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
The Rise Of Autonomous Train Technology Market: A USD 15.57 Billion Industry Dominated By Alstom S.A., ABB, Hitachi Ltd.
(MENAFN- EIN Presswire)
Surge in requirement for affordable & secured transport system and decline in number of accident cases and pollution drive the growth of market.
OREGON, DE, UNITED STATES, March 10, 2025 /EINPresswire / -- 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.
🔰 Download Sample Pages -
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.
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 .
🔰 Inquire Before Buying -
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.
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.
Leading market players analyzed in the autonomous train market research include Alstom S.A., Bombardier Transportation, ABB, General Electric, CRRC Transportation, Kawasaki Heavy Industries, Hitachi Ltd, Siemens AG, Mitsubishi Heavy Industries, and Thales Group.
Based on grades of automation (GOAs), the GOA 2 segment contributed to the largest share in 2018, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the GOA 4 segment is expected to register the highest CAGR of 16.4% from 2019 to 2026.
Based on technology, the CBTC segment accounted for the largest share in 2018, holding more than half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the ETRMS segment is estimated to portray the highest CAGR of 16.2% during the forecast period.
🔰 Procure Complete Research Report Now: /purchase-options
Key Findings of the Autonomous Train Technology Market :
Based on train type, the passenger train segment generated the highest revenue in the autonomous train technology industry in 2018.
Asia-Pacific is anticipated to exhibit the highest CAGR during the autonomous train technology market forecast period.
Middle East leads the market in the LAMEA region.
About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
🔰 Download Sample Pages -
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.
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 .
🔰 Inquire Before Buying -
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.
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.
Leading market players analyzed in the autonomous train market research include Alstom S.A., Bombardier Transportation, ABB, General Electric, CRRC Transportation, Kawasaki Heavy Industries, Hitachi Ltd, Siemens AG, Mitsubishi Heavy Industries, and Thales Group.
Based on grades of automation (GOAs), the GOA 2 segment contributed to the largest share in 2018, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the GOA 4 segment is expected to register the highest CAGR of 16.4% from 2019 to 2026.
Based on technology, the CBTC segment accounted for the largest share in 2018, holding more than half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the ETRMS segment is estimated to portray the highest CAGR of 16.2% during the forecast period.
🔰 Procure Complete Research Report Now: /purchase-options
Key Findings of the Autonomous Train Technology Market :
Based on train type, the passenger train segment generated the highest revenue in the autonomous train technology industry in 2018.
Asia-Pacific is anticipated to exhibit the highest CAGR during the autonomous train technology market forecast period.
Middle East leads the market in the LAMEA region.
About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+15038946022 ext.
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Comments
No comment