Wilmington, Delaware, United States, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global autonomous trains market is projected to flourish at a CAGR of 15.2% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 25.0 billion is anticipated for the market in 2031. As of 2023, the market for autonomous trains is expected to close at US$ 8.0 billion.
The increase in globalization and growing urbanization has led to a greater need for the transportation of goods and freight. It has also driven the demand for larger mobility solutions. A smaller, more connected world has further reinforced the trend of preference for autonomous rail transport.
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Rising tailpipe emission levels and the growing trend of electrification are also likely to boost autonomous trains market development across the globe. Autonomous trains can optimize routes, acceleration, and deceleration, leading to more efficient rail operations. They can also reduce the time intervals between trains, resulting in improved punctuality and increased capacity.
Advances in automation, sensors, artificial intelligence, and communication technologies have made it increasingly feasible to implement autonomous train systems.
Municipal and government authorities are rapidly expanding metro and monorail infrastructure in major cities across the globe to tackle traffic congestion in urban areas. This, in turn, is estimated to boost the market demand for autonomous trains for the efficient and smooth operation of such mass transit rail networks.
Supportive regulatory frameworks and standards are essential for the growth of autonomous trains. Regulatory agencies in various regions have been considering and implementing new rules to facilitate autonomous rail operations.
Growing penetration of driverless or autonomous technology for urban transit rail, such as metro rails, monorails, and trams, is likely to drive the application of autonomous trains for passenger transit, compared to freight transport, in the next few years.
Key Takeaways from the Market Study
- As of 2022, the autonomous trains market was valued at US$ 7.0 billion
- Based on application, the passenger train segment is expected to dominate the market.
- Based on train type, the metro/monorail segment is dominating the market.
Autonomous Trains Market: Key Trends and Opportunistic Frontiers
- Global developments in autonomous train technology, such as advancements in automation systems and artificial intelligence, can significantly impact regional trends. Lessons learned from international projects can inform regional decisions.
- The readiness of rail infrastructure, including tracks, signaling systems, and communication networks, is a critical factor in determining the feasibility of autonomous train technology.
Autonomous Trains Market – Regional Analysis
- Asia Pacific is projected to witness a rapid increase in demand for autonomous trains during the forecast period. The growth of the Asia Pacific market is primarily attributed to increased industrialization and urbanization in expanding economies such as China, India, and South Korea.
- North America accounted for the significant share for autonomous trains in 2021. Fully automated and semi-autonomous (GoA 3) metro lines have been constructed in North America and are already in use commercially.
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Competitive Landscape
Leading players in the global autonomous trains business are adopting new technologies, emphasizing mergers and acquisitions, and product portfolio expansion.
- ABB
- Alstom
- American Equipment Company
- Beijing Traffic Control Technology
- Belden
- Bharat Forge
- Bombardier
- CAF
- Calamp
- CRRC
- Deuta
- Deutsche Bahn
- General Electric
- Hitachi
- Hollysys
- Ingeteam
- Intesens
- Kawasaki Heavy Industries
- Mitsubishi Heavy Industries
- Siemens
- Tech Mahindra Ltd.
- Thales Group
- Transmashholding
- Tvema
- Wabtec Corporation
- Other Key Players
Key Developments in the Autonomous Trains Market
- In January 2022, Hitachi won an autonomous metro contract in Saudi Arabia. Hitachi Rail would run the entire autonomous metro system and upkeep trains and infrastructure. The 22 two-carriage automated metro trains with a capacity of 110 commuters could have the ability to run at a top speed of 60km/h.
- In August 2021, Siemens AG, in cooperation with Deutsche Bahn, started investigating the sensor integration function into the train and how it function as a driver assistance system in order to avoid collisions in varying weather conditions.
Autonomous Trains Market – Key Segments
Grade of Automation
- GOA 1
- GOA 2
- GOA 3
- GOA 4
Train Type
- Metro/Monorail
- Light Rail
- High-speed Rail/Bullet Train
Technology
- CBTC
- ERTMS
- PTC
- ATC
Component
- Tachometer
- Doppler
- Accelerometer
- Camera
- Antenna
- Radio Set
Track Length
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Application
- Passenger Train
- Freight Train
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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