Global Autonomous Train Technology Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

Published Date : Aug 2019 | No. of Pages : 140 Pages | Category : Machinery and Equipment

The global autonomous train technology market size was around USD 5.88 billion in 2018, and is expected to garner USD 15.56 billion by 2026, registering a CAGR of 12.9% from 2019 to 2026.

The key factors that impact the autonomous train technology market growth include increase in allocation of budget for development of railways; rise in demand for secure, safer, and efficient transport; reduction in pollution & accidents; increased passenger capacity & reliability. However, rise in possibility of hacking the system, high cost of train automation hampers the growth of the market. Further, improvement in railway infrastructure, particularly in developing countries, and increase in freight transport through train is opportunistic for the market expansion. Each of these factors is anticipated to have a definite impact on the autonomous train technology market during the forecast period.

The major companies 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.

The report analyzes and forecasts the autonomous train technology market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. 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 comprises a detailed value chain analysis, which provides a comprehensive view of the global autonomous train technology market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the autonomous train technology market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of autonomous train technology market for the base year 2018 and the forecast between 2019 and 2026. 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.

Market Segmentation:

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

Europe

Asia-Pacific

LAMEA

Research Methodology:

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:

  • To analyze and study the global autonomous train technology capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key autonomous train technology manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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