Autonomous Train Market by Level of Automation, Technology, Application, and Region - Global Forecast to 2030
The Autonomous
Train Market is projected to grow at a CAGR of 4.87% during the forecast
period, to reach 106,290 units by 2030. The need for rapid mass transit to
reduce traffic congestion and journey time with enhanced
safety has increased the demand for
the autonomous train
market globally.
The GOA 4 segment
of the autonomous train market is projected to grow at the highest CAGR during
the forecast period. The growth of the GOA 4
segment is driven by various ongoing projects in countries that are focusing on
the development of infrastructure to run driverless trains to provide a safe
and efficient mode of transportation. The grade 4 automation
presently provides driverless operation with the help of various signaling
systems. Currently, the intelligence provided for the autonomous trains is
limited to the signaling system. These trains are
operated through sophisticated computer systems that are run by humans
in remote control rooms.
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The camera is expected to be the largest
market, by component. The growth of the camera can be attributed to the
increasing need to monitor systems to increase the safety of passengers. The
camera monitors and sends real-time information to the server. The
tachometer is estimated to account for the second largest market. The
growth of the tachometer segment can be
attributed to the need to sense the rotation per minute of the wheel axle. The coordination between the
tachometer and the onboard system helps to maintain a safe distance between two
trains and prevents the possibility of an accident. Increasing infrastructural
developments and adoption rate of the autonomous train in the Asia Pacific are
leading to an increase in the fleet sizes of trains, which is expected to
result in the growth of the tachometer market.
The Positive Train Control (PTC) technology of autonomous train is
estimated to be the fastest growing market during the forecast period. A US
government mandate has made it compulsory to implement the PTC technology on
all rail lines in the country by December 2018, thereby spurring the growth of
the technology in the autonomous train market. The global automated
metro lines are expected to reach more than 2,300 km by 2025. Such high growth
is also expected to be seen in the
development of the light rail and high-speed rail in the coming years.
Countries such as China, France, Japan, Germany, UK, US, and Canada have taken several
initiatives to allocate public resources and collaborate with major OEMs to
commence autonomous train projects in local regions. These initiatives would
help to develop new infrastructure and modify conventional rail lines.
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The Asia Pacific is the largest
and fastest-growing market in the global autonomous train market. The market
growth in the region can be attributed to the development of infrastructure,
increase in government spending on the transportation sector, and
ongoing/upcoming projects in various countries of this region. The increasing
demand for safety and security of passengers and trains, rise in road traffic
congestion, and reduction in travel time are also driving the growth of the
autonomous train market in this region.
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