Driverless trains unlike the traditional trains do not require any on board driver to monitor, and operate the train functions. The operations are automated with the help highly powered sensors, enhanced camera systems, and GPS. The working of all of the components is controlled with the help of a highly efficient computer system with machine learning (ML) capabilities.
The growth of the autonomous train technology market is driven by factors such as increase in allocation of budget for development of railways; rise in demand for secure, safer, and efficient transport; and reduction in pollution & accidents. However, rise in possibilities of hacking the system and high cost of train automation restrict the market growth. On the contrary, improvement in railway infrastructure, particularly in developing countries, and increase in freight transport through train are anticipated to offer lucrative opportunities for the market expansion.
The report segments the autonomous train technology market on the basis of grade of automation (GoA), type, technology, component, and region. Grade of Automation includes GoA 1, GoA 2, GoA 3, GoA 4. Based on type, the market is bifurcated into passenger train and freight train. Depending on component, it is categorized into camera, accelerometer, odometer, tachometer, radio set, and others. By technology, it is fragmented into CBTC, ERTMS, ATC, and PTC.
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market include Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, General Electric, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., and Thales Group.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Grade of Automation
By Application
By Technology
By Component
BY REGION
o Canada
o Mexico
o Germany
o France
o Russia
o Italy
o Rest of Europe
o India
o Japan
o South Korea
o Singapore
o Rest of Asia-Pacific
o Middle East
o Africa
KEY MARKET PLAYERS PRofILED
The growth of the autonomous train technology market is driven by factors such as increase in allocation of budget for development of railways; rise in demand for secure, safer, and efficient transport; and reduction in pollution & accidents. However, rise in possibilities of hacking the system and high cost of train automation restrict the market growth. On the contrary, improvement in railway infrastructure, particularly in developing countries, and increase in freight transport through train are anticipated to offer lucrative opportunities for the market expansion.
The report segments the autonomous train technology market on the basis of grade of automation (GoA), type, technology, component, and region. Grade of Automation includes GoA 1, GoA 2, GoA 3, GoA 4. Based on type, the market is bifurcated into passenger train and freight train. Depending on component, it is categorized into camera, accelerometer, odometer, tachometer, radio set, and others. By technology, it is fragmented into CBTC, ERTMS, ATC, and PTC.
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market include Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, General Electric, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., and Thales Group.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the autonomous train technology market with current trends and future estimations to portray the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Grade of Automation
- GoA 1
- GoA 2
- GoA 3
- GoA 4
By Application
- Passenger Train
- Freight Train
By Technology
- CBTC
- ETRMS
- ATC
- PTC
By Component
- Camera
- Accelerometer
- Odometer
- Tachometer
- Radio set
- Others
BY REGION
- North America
o Canada
o Mexico
- Europe
o Germany
o France
o Russia
o Italy
o Rest of Europe
- Asia-Pacific
o India
o Japan
o South Korea
o Singapore
o Rest of Asia-Pacific
- LAMEA
o Middle East
o Africa
KEY MARKET PLAYERS PRofILED
- Alstom S.A.
- ABB
- Bombardier Transportation
- CRRC Transportation
- General Electric
- Hitachi Ltd.
- Kawasaki Heavy Industries
- Mitsubishi Heavy Industries
- Siemens AG
- Thales Group
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Autonomous Train Technology Market, Grade of Automation
Chapter 5: Global Autonomous Train Technology Market, By Type of Train
Chapter 6: Global Autonomous Train Technology Market, By Technology
Chapter 7: Autonomous Train Technology Market, By Component
Chapter 8: Global Autonomous Train Technology Market, By Region
Executive Summary
According to the report titled,'Autonomous Train Technology Market by Grade of Automation, Train Type, Technology, and Component: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global autonomous train technology market was valued at $5,881.9 million in 2018, and is projected to reach $15,568.6 million by 2026, registering a CAGR of 12.9% from 2019 to 2026.At present, Canada dominates the market, followed by the U.S. and Mexico in North America. However, U.S. is expected to grow at a higher CAGR during the forecast period. In addition, in 2018, France led the autonomous train technology market size in Europe region followed by Italy, Germany, rest of Europe, Russia, and the UK.
With the implementation of automation in trains, the capacity of the trains is increased with higher operational shift and train frequencies. Also, the turn-around time for the trains can be reduced at the terminus and new or additional trains can be introduced at routes having traffic congestion or at peak times. Moreover, the removal of driver cabins gives extra physical space to the passengers resulting in the rise in GRADE of AUTOMATION to about 6%. Further, the reliability of driverless trains is much higher as compared to traditional trains as the chances for human errors are reduced to a larger extent owing to the automation technology which is driving the growth of the autonomous train technology market analysis.
Train automation requires all of the operations of the train to be automated with the help of components such as sensors, cameras, communication devices, and more. Thus, higher budget needs to be allocated for upgradation of the existing trains, infrastructure, development of the trains and many more. Most of the developed countries have already adopted the autonomous trains of GoA-4. For instance, Australia have fully adopted automation in their railway industry and developing countries such as India, China which are in development phase are allocating higher budgets for automation. Further, unattended trains or driverless trains require highly trained professionals, advanced system on the train and at the control rooms to carry out the flawless operations and working which further incurs the cost. The overall effect of the same results in the need of large investments for the automation process which is expected to hamper the growth of the autonomous train technology market especially in developing countries.
Autonomous railway infrastructure within a country increases the speed and efficiency of the railway systems for freight and passenger transportation. Also, the implementation of the autonomous train needs to be backed up by a large investment. The governments of the developing countries are investing more and more to meet the latest technology setup required for autonomous train. For instance, India invested $1.97 billion in the year 2018 towards its infrastructure development to meet the latest automation demand and will be investing $777.73 billion till the year 2022 to meet the required infrastructure demand which includes railway infrastructure development. This makes way for the numerous opportunities for train automation players operating in the country. Similarly, Paris has also allocated $28.2 billion to automate its old metro network with the construction of four new metro lines across Paris and expanding the existing lines. Hence, such improvements in developing countries creates autonomous train technology market opportunity.
Key Findings of the Autonomous Train Technology Market :
Based on train type, the passenger train segment generated the highest revenue in the autonomous train technology industry in 2018.
Asia-Pacific is anticipated to exhibit the highest CAGR during the autonomous train technology market forecast period.
Middle East leads the market in the LAMEA region.
The key players profiled in the autonomous train technology market share include Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, General Electric, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., and Thales Group.
Companies Mentioned
- Alstom S.A.
- ABB
- Bombardier Transportation
- CRRC Transportation
- General Electric
- Hitachi Ltd.
- Kawasaki Heavy Industries
- Mitsubishi Heavy Industries
- Siemens AG.
- Thales Group.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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