Global Autonomous Train Market Size, Study, by Product, Application, and Forecasts 2030
Posted by Karthik Pilla on August 23rd, 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Autonomous Train Market by Level of Automation (GOA1, GOA2, GOA3, GOA4), Technology (CBTC, ERTMS, ATC, PTC), Application, Component, Train Type (Metro, Light Rail, Bullet Train/HSR), Track Length, GOA 4 Systems and Region - Global Forecast to 2030” under the Automotive Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The Global Autonomous Train Market is estimated at USD 8.3 billion in 2022 and is projected to grow at a CAGR of 5.1% from 2022 to 2030, to reach USD 12.3 billion by 2030. The rail industry across the globe is undergoing continuous changes in terms of technologies to become highly efficient and provide improved services to commuters/passengers. The high grade of automation in trains enables increased control over the speed and formulation of effective traffic management strategies. It also reduces the chances of mishaps caused by human error.
The initiative aims at providing a high level of safety, interoperability, and reliability to the European rail network. Automated Train Operation is an operational safety enhancement device used to help automate the operation of trains. The degree of automation is indicated by the Grade of Automation (GoA), up to GoA level 4 (where the train is automatically controlled without any staff on board). ATO is primarily used on automated guideway transits and rapid transit systems where it is easier to ensure the safety of humans.
On most systems, there is a driver present to mitigate risks associated with failures or emergencies. In November 2021 Alstom introduced its new monorail in China which will be equipped with automatic train operation (ATO) grade of operation 4 (GoA4). Similarly, Technologies such as Positive Train Control (PTC), Communication/Computer-based Train Control (CBTC), (ERTMS) European Railway Traffic Management System and Automated Train Control (ATC) provide ease in operating rail and increase safety & security for trains.
“Asia Pacific to be the fastest growing region in the autonomous train market globally.”
The growing population in the region, along with better-organized transit systems and a need for safety, has triggered the demand for rails, which directly drives the market for autonomous train technology. Global rail manufacturers and technology manufacturers, such as Alstom and Bombardier, Inc. among others, cater to the Asian market through supply contracts with governments. The
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
•By Company Type: OEMs - 57%, Tier I - 29%, and Tier II - 14%
Alstom (France), Siemens (Germany), Hitachi (Japan), Wabtec Corporation (US), and Thales Group (France) are the leading players operating in the autonomous train market.
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About the AuthorKarthik Pilla
Joined: March 29th, 2019
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