Autonomous Trains Market to Register Unwavering Growth During to 2027Posted by Katheine Silway on April 19th, 2021 Global autonomous trains market was at 8,000 Km in 2018 and is projected to surpass 29,000 Km by 2028 at a CAGR of around 13% from 2018 to 2027. Autonomous trains are the further step to future transportation system. The global demand of autonomous train market is rising at a lightning pace as the total driverless underground or over ground trains are becoming realistic in several developed nations around the globe. During the forecast period, railway system will be the most productive and efficient mean of transportation as there is an increase in demand for autonomous trains globally. In autonomous trains, the decision to run or stop is being decided by the train itself without an assistance of a driver in real time. In present-day metro and rail network, the train systems are connected with Automatic Train Control (ATC) that full fill the purpose of speed control mechanism. Autonomous trains are also equipped with ATP (Automatic Train Protection) that is a type of train protection system that performs the purpose of speed restriction and as well as have the ability to automatic stop at signals. This novel generation of automated trains has enormous impact on the railway system and is likely to expand the demand of this technology. Thus acquisition of autonomous train operation is likely expected to boost the market growth during the forecast period 2018-2027. Major Key Players of the Autonomous Trains Market are: Get sample copy of “Autonomous Trains Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=25643 According to the UN Department of Economics and Social Affairs, urban areas would account for more than 60% share of the total world population by the end of the forecast period. This drives the need for autonomous trains which can provide key solutions to keep rail passenger traffic and congestion under control. There is an increasing trend of urbanization in developing countries due to job requirements which is driving the hub and spoke scenario in major cities. People from small cities/towns are migrating to industrialized metropolitan cities to grab job opportunities which is anticipated to drive the transit demand and in turn boost the autonomous trains market. By 2025, 35% of the world’s population is expected to move to middle class, which in turn, is anticipated to improve the volume of travelers and the choice of mode of travel. Demographic and economic shift are projected to result in new global order for rail transport solutions such as autonomous trains. The global autonomous trains market has been segmented as follows: Autonomous Trains Market: By Automation Type (Distance Km, Units; 2018-2027)
Autonomous Trains Market: By Train Type (Distance Km, Units; 2018-2027)
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