Autonomous Train Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Autonomous Train Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4830
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Market Overview:

The global autonomous train market size reached US$ 8.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

Autonomous trains are driverless mass-transit locomotives that are monitored from the control station and operated automatically without any human intervention. Some of the commonly used autonomous passenger and freight trains include metros, monorails, light rails and high-speed rail or bullet trains. They are managed through stations that control the arrival, departure, movement, and automatic halting of the trains. Autonomous trains consist of an odometer, tachometer, radio set, camera, and accelerometer. In comparison to manually controlled trains, autonomous trains have improved acceleration capabilities, enhanced system efficiency, and reduced ongoing operational costs while providing consistent train speed and safety. 

 

 
 

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Autonomous Train Market Trends:

The increasing electrification and automation of the transportation industry is one of the key factors driving the growth of the market. Autonomous trains are integrated with advanced systems that provide improved control over stopping, departure and movement of the locomotive between stations. They also offer automatic and sensor-based opening and closing of doors to enhance passenger safety and convenience. Moreover, the rising demand for safe, secure, and efficient transport systems is providing a thrust to the market growth. Autonomous trains run on ground and underground levels and are highly secured by walls and fences to prevent trespassing and fatalities. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) solutions with railway systems, are favoring the market growth. These technologies aid in improving the overall operational efficiency and maintaining freight operations and systems. In line with this, the widespread adoption of communications-based train control (CBTC) technology to reduce the time intervals between trains is positively impacting the market growth. Other factors, including the implementation of various government initiatives to improve public transportation systems, along with rising environment consciousness among the masses, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global autonomous train market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, train type, automation grade, technology and application.

Breakup by Component:

 

 
 

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  • Camera
  • Accelerometer
  • Odometer
  • Tachometer
  • Radio set
  • Others
     

Breakup by Train Type:

  • Metro/Monorail
  • Light Rail
  • High-Speed Rail/Bullet Train
     

Breakup by Automation Grade:

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

Breakup by Technology:

  • CBTC
  • ERTMS
  • ATC
  • PTC
     

Breakup by Application:

  • Passenger Train
  • Freight Train
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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, and Thales Group.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Component, Train Type, Automation Grade, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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, and Thales Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Autonomous Train Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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