DUBLIN--(BUSINESS WIRE)--The "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, & Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The autonomous train market, in terms of volume, is projected to grow at a CAGR of 4.87% from 2018 to 2030. The market is estimated to be 60,078 units in 2018 and is projected to reach 106,290 units by 2030.
Market growth can be attributed to the need for a safe, efficient, and reliable mode of transportation. In addition, the need to reduce accidents caused by human error is leading to the growth of the autonomous train market. Increased safety and service benefits for passengers and increased budget allocations for the development of railways are also driving the growth of the autonomous train market. However, the lack of developed infrastructure can hamper the growth of the autonomous train market.
Several developing countries have initiated projects for the development of autonomous train metro networks, which is expected to propel the growth of the transportation sector. Countries such as China, India, South Korea, US, UK, Mexico, Brazil, and South Africa plan to revolutionize their metro rail networks with the introduction of driverless trains. This is expected to boost the market for autonomous train globally.
The growth of the GOA 4 segment is driven by various ongoing projects in rail infrastructure development, increased spending on transportation and infrastructure development, and an increase in safety and security of trains and passengers. Technological developments and high adoption of the metro/monorail have led to significant changes in the adoption of the levels of automation, from GOA 1 to GOA 4.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Autonomous Train Market, By Train Type
7 Autonomous Train Market, By Application Type
8 Autonomous Train Market, By Level of Automation
9 Autonomous Train Market, By Technology
10 Autonomous Train Market, By Component
11 Autonomous Train Market, By Track Length
12 Autonomous Train Market, By Region
13 Competitive Landscape
14 Company Profiles
- Kawasaki Heavy Industries
- General Electric
- Thales Group
- Mitsubishi Heavy Industries
- Beijing Traffic Control Technology
- Bharat Forge
- Tech Mahindra Ltd.
- Deutsche Bahn
- American Equipment Company
- Wabtec Corporation
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