Autonomous Train Market Growth Analysis, Opportunity 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.
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 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.
Target Audience
  • Infrastructure Providers for Railway Lines
  • Manufacturers of Rail Components
  • Rail Leasing Authorities
  • Rail Service Providers
  • Railway Contractors
  • Railway Industry Associations
  • Railway Manufacturers
  • Railways Organizations/Associations
  • Raw Material Suppliers for Autonomous Trains
  • Traders, Distributors, and Suppliers of Autonomous Trains

Comments

Post a Comment

Popular posts from this blog

Baggage Handling System Market is Dominated by The Global Players Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland).

The global Baggage Handling System Market is projected to grow from USD 8.4 billion in 2018 to USD 13.7 billion by 2025, at a CAGR of 7.28%. The increase in air travel by people all over the world, modernization of airports, and enhancement of airports’ efficiency and customer satisfaction are expected to drive the growth of the baggage handling system market. The key strategies adopted by the major players in the baggage handling system market from 2014 to 2019 are partnerships and supply contracts. Baggage handling system manufacturers and component suppliers are focusing on increasing their global presence and respective market shares. Vanderlande Industries signed a contract to implement an innovative new solution system that would utilize Automated Guided Vehicle (AGV) technology, thereby replacing the need for conveyors and sorting systems to handle baggage at the Lelystad Airport. The new product developments strategy is ranked 2nd amongst all the strategies adopted by co
Read more

Automotive Camera Market by Application, View Type, Technology and Region – Global Forecast to 2025

The Automotive Camera Market is projected to grow at a CAGR of 10.62% during the forecast period. It is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand for the active safety system. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars have driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera. Also, the US government has a voluntary agreement with many manufacturers to fit autonomous emergency braking (AEB) by 2022. European governments
Read more

Occupant Classification System Market Latest Trends and Forecast Growth Report to 2025

The global Occupant Classification System Market is projected to grow at a CAGR of 6.80% from 2018 to 2025, to reach USD 3.17 billion by 2025. The increasing awareness about safety in a vehicle has increased the demand for active and passive safety systems. As a result, the automotive industry has witnessed the increasing adoption of active and passive safety systems in a vehicle.  Passive safety systems inside the vehicle include airbags, seatbelts, whiplash protection system, and occupant classification system. Occupant protection system features such as airbags and seatbelts reduce the probability of death or severe injuries in a traffic mishap. Airbags in a vehicle have significantly improved the safety of occupants. Occupant classification system manufacturers utilize a good portion of their engineering resources to develop new products or improve existing passive safety systems for the automobile. All these developments are primarily focused on improving the overall safety of v
Read more