Transport

Insights Into The Autonomous Trains Market’s Growth Opportunities Through 2023-2032 – Includes Autonomous Trains Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The increased need for a safe, efficient, cheap, fast, and reliable mode of transportation are expected to drive innovation in autonomous trains manufacturing, thus driving the market during the forecast period.

 

The global autonomous trains market is expected to grow from $9.08 billion in 2022 to $9.79 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The global autonomous trains market size is expected to grow to $13.00 billion in 2027 at a CAGR of 7.4%.

 

Get A Free Sample On The Global Autonomous Trains Market Report:
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Global Autonomous Trains Market Segments Include:

  • By Train Type: Suburban Trains, Tram, Monorail, Subway/Metro, Long Distance Trains
  • By Technology: Automatic Train Control (ATC), Communication-Based Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC)
  • By Grade of Automation: GOA1, GOA2, GOA3, GOA4
  • By Application: Passenger Train, Freight, Mining
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global autonomous trains market in 2021.

 

Major Market Players in the autonomous trains market include Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries.

 

LiDAR and artificial intelligence are increasingly being used in autonomous trains to improve the performance of the trains. The LIDAR (Light Detection and Ranging) system measures the speed of moving trains and captures irregularities in the track, evaluating the rail track quality. It uses two pairs of lenses to capture speed signals from both rails individually. The track speed, curvature, and lateral and vertical geometry variations on each side are determined. Artificial Intelligence (AI) is expected to improve the performance of automated metro lines by enabling predictive maintenance, which helps to reduce incidents and assist operators to recover from incidents more quickly. Controlling the control centre with visual and voice interactions during an incident is a time-consuming process. AI also helps to reduce these interactions and allows traffic controllers to focus on the core problem.

 

The Autonomous Trains Global Market Report 2023  provides a autonomous trains market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autonomous trains market forecast analyzes autonomous trains market size, autonomous trains market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Autonomous train are trains that have an automatic train protection (ATP) system enabled, which helps the train automatically stop at signals with speed control.

 

Explore Similar Reports From The Business Research Company:

Train And Components Global Market Report 2023

Passenger Rail Transport Global Market Report 2023

Train And Components Global Market Report 2023

 

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