Jersey City, New Jersey, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Autonomous Trains Market” By Train Type (High-Speed Rail/Bullet Train, Light Rail, and Metro/Monorail), By Technology (Automatic Train Control (ATC), Communication-Based Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC)), By Automation (GOA 1, GOA 2, GOA 3, GOA 4), and By Geography. According to Verified Market Research, the Autonomous Trains Market size was valued at USD 54,354.2 Units in 2018 and is projected to reach USD 78,485.8 Units by 2026, growing at a CAGR of 4.68% from 2019 to 2026.
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Browse in-depth TOC on “Autonomous Trains Market”
202 - Pages
126 – Tables
37 – Figures
Global Autonomous Trains Market Overview
Railways are considered to be an efficient and reliable transportation mode for passengers as well as freight for longer distances with fewer disruptions and breakdowns leading to lower transportation time as compared to road transportation. Due to this, governments have increased the allocation of the budget to modernize and upgrade the railway ecosystem to strengthen the railway network and reduce dependability on other modes of transportation. With the increase in government spending and the increasing tendency of government to develop infrastructure projects has prioritized the inclusion of autonomous trains initially on pilot projects and employed at full scale in many countries. Due to this there is an increasing trend in the adoption of these trains owing to the benefits provided including lower energy consumption, increased flexibility, and easier rotation of trains among others.
Although autonomous trains require a longer stopping distance as compared to conventional trains and require significant investment in infrastructure including its components as the technology is in the nascent stage. These factors hinder the growth of the market.
Key Players
The major players in the market are Siemens AG, Alstom SA, Bombardier Inc, Hitachi, General Electric, Thales Group, ABB, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, CRRC Corporation Limited.
Verified Market Research has segmented the Global Autonomous Trains Market On the basis of Type, Technology, Automation, and Geography.
- Autonomous Trains Market, By Type
- High-Speed Rail/Bullet Train
- Light Rail
- Metro/Monorail
- Autonomous Trains Market, By Technology
- Automatic Train Control (ATC)
- Communication-Based Train Control (CBTC)
- European Railway Traffic Management System (ERTMS)
- Positive Train Control (PTC)
- Autonomous Trains Market, By Automation
- GOA 1
- GOA 2
- GOA 3
- GOA 4
- Autonomous Trains Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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5 Best Autonomous Train Manufacturers automating mass-transit rail network
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