The autonomous trains market size is expected to see strong growth in the next few years. It will grow to <b>$14.62 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. </b> The growth in the forecast period can be attributed to improved automation technology, global infrastructure projects, urbanization and population growth, awareness about rising tailpipe emission levels, scarcity of trained drivers. Major trends in the forecast period include connectivity and communication, energy efficiency, interoperability, predictive maintenance, autonomous metro systems.
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Segmentation & Regional Insights
The autonomous trains market covered in this report is segmented –
1) By Train Type: Suburban Trains, Tram, Monorail, Subway/Metro, Long Distance Trains
2) By Technology: Automatic Train Control (ATC), Communication-Based Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC)
3) By Grade of Automation: GOA1, GOA2, GOA3, GOA4
4) By Application: Passenger Train, Freight, Mining
<b>Western Europe</b> was the largest region in the autonomous trains market in 2023. <b>Asia-Pacific</b> was the second largest region in the autonomous trains market. The regions covered in the autonomous trains market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased need for a safe, efficient, cheap, fast, and reliable mode of transportation is contributing to the growth of the global autonomous train market. Rail is the safest mode of land transport and the most attractive to the customer. It is also one of the fastest modes of transport, which moves on high-speed lines that are expected to average up to 300 km/hour. The distance of 1000 km can easily be reached within 5 to 7 hours. It offers much greater flexibility of time, allowing train frequencies to be better matched to demand at peak and off-peak times. This offers a much better service to potential passengers and drives an increase in passenger numbers. When it comes to fares, intra-modal competition among railway operators and competition among railway suppliers will keep fares affordable even in countries with low per capita income. Increased safety and cheaper fares compared to other transport options drove the autonomous train market.
Key Industry Players
Major companies operating in the autonomous trains market include <b>Alstom SA, ABB Ltd., Bombardier Transportation, CRRC Corporation Limited, Hitachi Ltd., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Siemens AG, Thales Group, Ansaldo STS S.p.A., Beijing Traffic Control Technology Co. Ltd., General Electric Company, China CNR Corporation Limited, Incheon Transit Corporation, Intesens, Transmashholding, CalAmp Corp., Hollysys Automation Technologies Ltd., Deuta-Werke GmbH, Wabtec Corporation, Ingeteam S.A., Tech Mahindra Limited, American Equipment Company Inc., Belden Inc., Bharat Forge Limited, CAF Construcciones y Auxiliar de Ferrocarriles S.A., Deutsche Bahn AG, Cubic Transportation Systems Inc., Mitsubishi Electric Corporation, Knorr-Bremse AG</b>
The autonomous trains market report table of contents includes:
- Executive Summary
- Autonomous Trains Market Characteristics
- Autonomous Trains Market Trends And Strategies
- Autonomous Trains Market – Macro Economic Scenario
- Global Autonomous Trains Market Size and Growth
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- Global Autonomous Trains Market Competitive Benchmarking
- Global Autonomous Trains Market Competitive Dashboard
- Key Mergers And Acquisitions In Autonomous Trains Market
- Autonomous Trains Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Alstom SA
- ABB Ltd
- Bombardier Transportation
- CRRC Corporation Limited
- Hitachi Ltd.
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