The global autonomous trains components market is anticipated to expand at a CAGR of more than 8.3 % during the forecast period 2020 to 2027.
Autonomous trains is an advanced railway transport system coupled with sophisticated technologies in order to augment their safe operation. Autonomous trains are completely automatic and possess their own intelligence communication system (CBTC -Communication based train control) that decides their movement such as how much distance has been traveled, where to stop, when to stop, and other obstacles. Technologically advanced systems are adopted in these trains, which include Automatic Train Operation (ATO), Automatic Train Protection (ATP), Driverless Train Automation (DTO), Automatic Train Control (ATC), Semi-Automatic Train Operation (STO), and Unattended Train Operation (UTO) in order to operate these trains without the aid of a driver, thereby increasing safety of the passengers. These trains are furnished with high-powered vision cameras, latest sensors, antennae, LiDAR, GPS data, and onboard computer systems. Operation of the autonomous train is achieved through different components that can be automated and based on the mechanization of components, the Grades of Automation (GoA) are decided. The autonomous train also contains the passenger safety technology, which are a part of the autonomous train protection system.
Railways are considered the most adept and safe means of transport, as compared to roadways, owing to the limited number of accidents chronicled. Autonomous trains are fully automated and operate using advanced electronic appliances and machinery, unlike conventional trains, which have to follow their own old signaling systems and the drivers are completely responsible for the safe movement of the trains. Autonomous trains offer greater reliability, efficiency, performance, and safety, as compared to conventional trains. This is expected to be a key factor driving the autonomous train components market during the forecast period. Increasing government support across the world for incorporation of automation in trains, as they are economical and a safe means of transport, is expected to boost the autonomous trains components market during the forecast period. Implementation of automation technologies in trains is likely to prove more beneficial in reducing the number of accidents and pollution, reducing the load on fossil fuels, and increasing efficiency. However, the cost of train automation is very high, which is anticipated to hamper the autonomous trains components market, coupled with the high possibility of hacking the system.
In railway transport systems, autonomous trains are a highly sophisticated technology, which offers a significantly less polluting and economical mode of transportation. Therefore, governments of various nations are focusing on the development of autonomous trains. Adoption of automation in trains is likely to boost the autonomous trains components market during the forecast period due to rising government support. Key drivers of the autonomous trains components market are increasing demand for safety, reduction in pollution, and government support. Currently, in emerging autonomous trains, operations are monitored and controlled automatically. Even critical decisions such as when to run and stop the train are decided by the automated control system, without any human intervention. Autonomous trains are also equipped with an automatic train protection (ATP) system that has the ability to automatically stop at signals and serves the purpose of speed control, resulting in increased safety and reliability. Autonomous trains are equipped with advance electronic appliances and onboard computer systems in order to provide accurate information about position, speed, and time. The data is collected from sensors that are monitored at control rooms, which in turn enables the autonomous system to make an informed decision.
Rising urbanization in developing countries is boosting the demand for faster and economical trains. This, in turn, is fueling the adoption and incorporation of autonomous trains. Considering these factors, governments across the globe are focusing on adoption of automation in trains. This can be witnessed from the increasing number of rail transit systems. Autonomous trains are expected to witness significant growth owing to their wide variety of applications, which includes metros, subway, and monorails.
Based on components, the LiDAR module segment dominated the autonomous trains components market, and accounted for a prominent share of the market, in terms of revenue. The LiDAR module is a key component of the autonomous train, which performs the function of recognizing obstacles or objects. Emphasis of governments on safer and economical mode of transportation, in order to cater to the demand for efficient transportation, is boosting the autonomous train components market with more reliable and superior components.
The GoA1+ GoA2 segment accounted for a major share of the autonomous trains components market, in terms of automated tracks, globally. The segment is anticipated to expand at a CAGR of 12.2% by 2025. The segment is expected to account for 11598 Km of automated tracks by 2025. The primary reason for the expansion of this segment is the low cost required for automation to this grade of automation. The GoA3 segment is considered as a driverless segment. This segment accounted for 2868 Km and is anticipated to expand at a CAGR of 13.2% during the forecast period. This segment is anticipated to reach 7758.1 Km by 2025. The highest grade of automation, GoA4 is considered as unattended type of train. These trains are highly sophisticated, wherein every operation of the train is performed based on the information available from sensors in real-time. The GoA4 segment accounted for 877 Km in 2016. The segment is anticipated to expand at a CAGR of 13.5% during the forecast period.
In terms of train type, the autonomous trains components market can be segmented into long distance trains, suburban, tram, monorail, and subway/metro. The subway/metro segment accounted for a major share of the autonomous trains components market, with a figure of 3676.6 Km. This segment witnessed a considerable demand for automation, which in turn is likely to expand at a CAGR of 11.8% during the forecast period. The subway/metro segment is followed by the suburban segment, which accounted for 2274.6 Km in 2016. This segment is estimated for expand at a CAGR of 12.6% during the forecast period.
In terms of region, the autonomous trains components market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of region, Asia Pacific accounted for a prominent share of the global autonomous trains components market owing to the high government support and higher rate of adoption of autonomous trains. In 2016, Asia Pacific accounted for total autonomous track length of 2783.3 Km followed by the Europe, which accounted for 2417.5 Km. The market in Middle East & Africa is projected to expand at a CAGR of 14.9% during the forecast period.
The Autonomous Trains Components market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Autonomous Trains Components market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Autonomous Trains Components market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Autonomous Trains Components market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Autonomous Trains Components market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Autonomous Trains Components capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Autonomous Trains Components by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Autonomous Trains Components market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Autonomous Trains Components market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Autonomous Trains Components market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Autonomous Trains Components industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Autonomous Trains Components market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Autonomous Trains Components market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Autonomous Trains Components market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Autonomous Trains Components market. These factors have benefited the growth of the global market for Autonomous Trains Components. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Autonomous Trains Components. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Key players operating in the global autonomous trains components market include Thales Group, Alstom S.A., Hitachi Ltd., Bombardier Transportation, Ansaldo STS, SIEMENS AG, Mitsubishi Electric, and CRRC Corporation Limited. Bombardier Transportation and Thales Groups hold a major share of the market, as compared to other market players. The transportation segment of Bombardier, plans to reach its 2020 target of more than US$ 10 Bn of revenue. Furthermore, the company moved its transportation headquarters from Montréal, Canada to Berlin, Germany. This move is anticipated to strengthen the company’s capability to serve Europe. The Thales Group has self-funded R&D centers in 19 countries in Europe, North America, Asia, and Australia and 20 joint research labs with institutional partners worldwide. The Thales Group provides complete solutions to support its rail transport customers in every aspect of digital transformation.
In this study, the years considered to estimate the market size of Autonomous Trains Components are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Farm Tire Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...
Automotive Valves Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...
Automotive Battery Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...
Automotive Blind Spot Detection Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...
Automotive Steering Wheel Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...