DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Hyperloop Technology Market by Components (Capsule, Tube, and Propulsion system), Transportation Type (Passenger and Freight), and Geography (North America, Europe, Asia-Pacific, and Middle East & Russia) - Global Forecast to 2026" report to their offering.
The hyperloop technology market, in terms of value, is expected to grow to USD 1.35 Billion in 2022 and is expected to reach USD 6.34 Billion by 2026, at a CAGR of 47.20% between 2022 and 2026. The major drivers for the hyperloop technology market are increasing global demand for fastest and low cost transportation for decongestion of cities, less expensive and easier-to-build infrastructure, transportation type with less land area requirement, and technology that is not vulnerable to earthquakes and other natural calamities.
This report covers the hyperloop technology market based on transportation type, components, and geography. The passenger transportation is expected to lead the hyperloop technology market between 2022 and 2026. Passenger transportation is expected to be the fastest growing application in hyperloop technology market as it plays a vital role in passenger transport at highest speed at a low cost. Passenger hyperloop route development is already in progress.
Hyperloop transportation technology has different components such as capsule, tube, propulsion system, and route. Some of the companies having their own engineering facility are manufacturing these components on their own and others are importing from different vendors. These different components put together help in forming an operational hyperloop transportation system.
- Hyperloop One
- Hyperloop Transportation Technologies
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Industry Trends
6 Elements of Hyperloop Transportation System
7 Hyperloop Technology Market, By Carriage Type
8 Geographic Analysis
9 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/2xxc4t/hyperloop