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(Transportation-News.com, March 28, 2019 ) According to the market research report Autonomous Train Market by Level of Automation (GOA1, GOA2, GOA3, GOA4), Technology (CBTC, ERTMS, ATC, PTC), Application, Component (Antenna, Camera), Train Type (Metro, Light Rail, Bullet Train/HSR), Track Length, and Region - Global Forecast to 2030.The autonomous train market is projected to grow at a CAGR of 4.87% during the forecast period, to reach 106,290 units by 2030. The key growth driver for the market is the rise in demand for safety, security, and efficient mode of transportation across the globe. Also, the increase in government budget allocation for mass and efficient mode of transportation would drive the market for autonomous train.
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Recent years have seen an increasing number of rail accidents across the globe that have resulted in casualties and infrastructure damage. These accidents have added the cost burden on the government to rebuild infrastructure. These concerns have accentuated the need for safety systems to protect the train and passengers. Various manufacturers have therefore developed advanced technologies to provide a safe and efficient mode of transportation.
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Supply contracts are the key strategy adopted by major players to gain traction in the autonomous train market. In January 2018, Alstom received a supply contract worth USD 13.6 million from the Government of Brazil to modify the signaling and control systems in Line 9 of Sao Paulo metro. In September 2017, Siemens received a supply contract from Wiener Linien for delivering 34 driverless trains. The contract is worth USD 621.5 million, and the delivery of trains would begin in 2020.
Browse and in-depth TOC on Autonomous train market
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The Asia Pacific is the largest and fastest-growing market in the global autonomous train market. The market growth in the region can be attributed to the development of infrastructure, increase in government spending on the transportation sector, and ongoing/upcoming projects in various countries of this region. The increasing demand for safety and security of passengers and trains, rise in road traffic congestion, and reduction in travel time are also driving the growth of the autonomous train market in this region.
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Market Key-players
In addition to Alstom (France) and Siemens (Germany), Bombardier (Canada), Hitachi (Japan), Kawasaki Heavy Industries (Japan), General Electric (US), Thales Group (France), Mitsubishi Heavy Industries (Japan), CRRC (China), ABB (Switzerland), CAF (Spain), and CalAmp (US) are the prominent players in the autonomous train market.
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