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Market Research Report

Global Autonomous Trains Market Size, Trends, Demand & Growth Opportunity Assessment Report with Industry Analysis, Regional Outlook, & Forecast To 2016-2024

Published On : 2018-03-28 Report Page : 320 Category: Transportation

Global Autonomous Trains Market 

Market Overview

Automation in metro and rail systems refer to the technique by means of which the obligation for operation management of the trains is transferred to the train control system from the driver, thereby eradicating or in some cases, reducing any human interference in the operations. As the demand of automated trains is increasing globally, thereby train is going to be the efficient means of transportation around the world. In several cities such as Europe, Japan etc. many automated and driverless overground and underground trains are becoming the fiat.

Goldstein Research analyst forecast the autonomous trains market size is set to reach USD 200 billion by 2024, at a CAGR of 5.5% over the forecast years. The key market drivers of autonomous trains market are increased demand for safety, increased demand for speed and efficiency, and the government support for implanting automation in the trains.

Covered In This Global Autonomous Trains Market Report       

The report covers the present ground scenario and the future growth prospects of the autonomous trains market for 2016-2024 along with the new product launches, collaborations, and acquisitions by the market players. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe.

Global Autonomous Trains Market Segmentation

By Automation Type

  • GoA 1
  • GoA 2
  • GoA 3
  • GoA 4

By Components

  • Hardware
    • Radar
    • Odometer
    • Antenna
    • Sensor
  • Solutions & Services
    • Rolling Stock
    • Rail Services
    • Rail Automation
    • Rail Electrification

By Application

  • Urban
  • Interurban

Based on Geography

  • North America (U.S. & Canada) Autonomous Trains Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Autonomous Trains Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Autonomous Trains Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Autonomous Trains Market {Market Share (%), Market Size(USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Autonomous Trains Market {Market Share (%), Market Size(USD Billion)}

On the basis of application, interurban autonomous trains held the highest market share of 56.8% in 2016 due to increase in the working population and fastest connectivity. Countries such as India, Singapore, and US etc. use the urban trains and serve 426 billion passenger kilometers. Whereas, on the other hand the market share of urban autonomous trains is growing steadily at a market share of 28.90% due to increase in investment by the government in public transport.

Autonomous Trains Industry - Size, Trends, Key Players, & Challenges

Global autonomous train’s market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global autonomous trains market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global autonomous train’s market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global Autonomous Trains market report comprises of the following companies as the key players: Bombardier Transportation, Siemens AG, Alstom S.A. and Thales Group.

Other high-flying vendors in the market are: Ansaldo STS, Incheon Transit Corporation and Beijing Traffic Control Technology.

According to our global market study on the basis of extensive primary and secondary research:  “One of the major trends in the global autonomous trains market is that rail is energy efficient and rail traffic is clean. High speed trains are up to eight times more efficient than commercial planes. Railway companies account for 1.5% of the total CO2 emissions in the transport sector, whereas aviation makes up 12.4%, ships 12.7% and road transport amounts to 72.2% of the emissions.”

According to the report, major driving factor for autonomous trains market is the increase in investment by the government in the public transport. There is need for speed and to avoid heavy traffic jams in some of the major cities of the world. Government is initiating the green environment and clean environment campaign so as to improve the air quality caused by the private vehicles.

Further, the report states the major challenge is that low network capabilities and traffic bottlenecks on busy routes and the temporary traffic bottlenecks are unplanned maintenance actions are among the main factors that are hampering the global autonomous train market.

Based on geography, Europe dominated the global autonomous trains market with the market share of 41.2% in 2016 due to increasing investments in new rolling stock and important electrification projects. On the other hand, Asia-Pacific is growing steadily with a CAGR of 7.0%. Countries like Singapore, Japan, China, etc. are the investing more and more in public transportation and with the increasing urbanization. North America is the opportunistic market in the global autonomous trains market with market share of 29.0% owing to the growing demand for freight transport and political uncertainties.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Autonomous Trains Market report             

  • What is the total market size by 2024 and what would be the expected growth rate of market?
  • What is the revenue of autonomous trains market in 2015-16 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Autonomous Trains Market Size, Trends, Demand & Growth Opportunity Assessment Report with Industry Analysis, Regional Outlook, & Forecast To 2016-2024

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements