Dublin, June 22, 2022 (GLOBE NEWSWIRE) — The “Global Autonomous Train Technology Market: Analysis by Train Type (Metro/Monorail, High Speed Rail, Light Rail), by Region (North America, Asia-Pacific, Europe, Latin America, Middle East & Africa ) Size and Trends with COVID -19 Impact and Forecast to 2026″ report has been added to from ResearchAndMarkets.com offer.
Global Autonomous Train Technology Market was valued at USD 7.41 Billion in 2021 and is projected to reach USD 10.11 Billion in 2026.
Compared to road transport, railways are considered an efficient and reliable means of transporting passengers and goods over greater distances, with fewer delays and breakdowns, resulting in shorter journey times. As a result, governments around the world have increased financial allocations for modernizing and upgrading the rail ecosystem to improve the rail network and minimize reliance on other modes of transportation.
Autonomous trains are a type of automated train that includes an automated train driving system that controls arrival, departure, movement between stations, precise and automatic stopping of the train, and opening and closing of doors on time. The autonomous train technology market is determined to grow at a CAGR of 6.43% over the analyzed period of 2022-2026.
Growth Drivers: The market has been growing over the past few years, owing to factors such as increasing investment in smart cities, increasing adoption of metros and high-speed trains, increase in the budget allocation for railway development, decarbonized and sustainable form of transport, growing demand for safe and safer railway system and growing demand for electric trains. Due to the introduction of improved technologies such as communication-based train control (CBTC), European Rail Traffic Management System (ETRMS) and others, autonomous trains pose a lower risk of train fatalities. On-board cameras, sensors, communication devices, and other technologies can help prevent fatal accidents on trains, driving demand for autonomous rail technologies. Additionally, increasing electrification of metro/monorail due to stricter pollution standards adopted across the globe has also supported the growth of the market.
Challenges: However, there are some challenges hampering the market growth such as high implementation costs and processing constraints. Autonomous trains are built around integrated digital signal processing (DSP) modules. The programmed algorithm directs the operation of this architecture in a precise order. When the train is in motion, one of the main challenges is the complicated interaction of the many subsystems. Railway signaling is complicated, with many different types of signals and combinations of states. There are a variety of train types available, each with its own infrastructure. Therefore, an autonomous system that works with one type of train will not necessarily work with another.
Trends: The market is expected to grow at a rapid rate over the forecast period, owing to various latest trends such as adoption of IoT devices, integration of artificial intelligence and virtual reality, and technological advances in automotive sensors. The Internet of Things has a significant impact on the reliability and safety of rail infrastructure. Condition-based monitoring eliminates delays caused by track and train component failures, improving efficiency and maintenance costs while increasing passenger satisfaction. Rail operators can also use advanced IoT-enabled analytics to develop data-driven solutions to improve fleet control and rail operations efficiency.
COVID-19 impact analysis and way forward:
The COVID-19 pandemic has wreaked havoc on the global autonomous train technology market. Due to the pandemic, major railway projects have been halted and posed a challenge to the autonomous train technology market. People were looking for more personal vehicles due to their fear of shared spaces, which decreased the demand for trains, thus hampering the market.
However, the post-COVID environment appears to be a chance for the autonomous train technology market, as people are now more transient for electric and safe vehicles. Moreover, increased security standards are also expected to support the growth of the market. Connectivity goes beyond 5G and vehicle data access. More connected experiences would open up more possibilities for displaying information on dashboards and interfaces.
The global market for autonomous train technology is highly concentrated. Market players have implemented sustainable growth techniques in the market. To strengthen their position in the market, some of the major competitors are pursuing various growth methods such as mergers, acquisitions, collaborations and agreements. For example, Alstom completed the acquisition of Bombardier Transportation in January 2021, resulting in a competitive global producer in mobility and rail transport.
Key Players of the Global Autonomous Train Technology Market are:
CRRC Corporation Ltd.
Hitachi Ltd (Hitachi Rail Ltd.)
Siemens AG (Siemens Mobility)
Airbrake Technologies Corporation (GE Transportation) Warehouse
Kawasaki Heavy Industries
Mitsubishi Heavy Industries Ltd.
Deutsche Bahn AG
The main players invest in the R&D of equipment to meet international standards. New product launches, collaborations with governments and expansion in emerging countries are among the strategic activities that companies pursue in order to increase their positions in the market. For example, in September 2021, Mitsubishi Heavy Industries Engineering formed a joint partnership with Keolis to build the Dubai Metro and Tram. The Dubai Metro, a fully automated driverless rail system, has successfully started operations. Kawasaki Heavy Industries offered new remote lane monitoring services with information and communications technology in North America in May 2021.
Main topics covered:
2.1 Autonomous train technology: an overview
2.1.1 Degrees of automation
2.1.2 Advantages of autonomous trains
2.2 Autonomous Train Technology Segmentation: An Overview
2.2.1 Autonomous Train Technology Segmentation by Train Type
3. Global Market Analysis
3.1 Global Autonomous Train Technology Market: An Analysis
3.1.1 Global Autonomous Train Technology Market by Value
3.1.2 Global Autonomous Train Technology Market by Train Type (Metro/Monorail, High Speed Rail and Light Rail)
3.1.3 Global Autonomous Train Technology Market by Region (North America, Asia-Pacific, Europe, Latin America, Middle East & Africa)
3.2 Global Autonomous Train Technology Market: Train Type Analysis
3.2.1 Global Metro/Monorail Autonomous Train Technology Market by Value
3.2.2 Global High Speed Rail Autonomous Train Technology Market by Value
3.2.3 Global Autonomous Light Rail Train Technology Market by Value
4. Regional Market Analysis
5. Impact of COVID-19
5.2 Impact of COVID-19
5.1.1 Impact of COVID-19 on the Global Autonomous Train Technology Market
5.1.2 Post-COVID scenario
6. Market dynamics
6.1 Drivers of growth
6.1.1 Rising investment in smart cities
6.1.2 Increased adoption of subways and high-speed trains
6.1.3 Increased Budget Allocation for Railway Development
6.1.4 Carbon-free and sustainable form of transport
6.1.5 Growing demand for safe and safer rail system
6.1.6 Increase in demand for electric trains
6.2.1 High cost of implementation
6.2.2 Processing constraints
6.3 Market trends
6.3.1 Adoption of Internet of Things (IoT) Devices
6.3.2 Integration of artificial intelligence (AI)
6.3.3 Integration of augmented reality and virtual reality
6.3.4 Technological Advancements in Automotive Sensors
7. Competitive landscape
8. Company Profiles
8.1 Alstom SA
8.1.1 Overview of activities
8.1.2 Operating income
8.1.3 Business strategy
8.2 Belden Inc.
8.2.1 Overview of activities
8.2.2 Operating segments
8.2.3 Business strategy
8.3 SA CIF
8.3.1 Company Overview
8.3.2 Operational Business Units
8.3.3 Business strategy
8.4 CRRC Corporation Ltd.
8.4.1 Business Overview
8.4.2 Region of operation
8.4.3 Business strategy
8.5 Hitachi Ltd. (Hitachi Rail Ltd.)
8.5.1 Company Overview
8.5.2 Operating segments
8.5.3 Business strategy
8.6 Thales Group
8.6.1 Company Overview
8.6.2 Operating segments
8.6.3 Business strategy
8.7 CalAmp Corp.
8.7.1 Company Overview
8.7.2 Operating segments
8.7.3 Business strategy
8.8 Siemens AG (Siemens Mobility)
8.8.1 Company Overview
8.8.2 Operating segments
8.8.3 Business strategy
8.9 Airbrake Technologies Corporation (GE Transportation) Warehouse
8.9.1 Company Overview
8.9.2 Operating segments
8.9.3 Business strategy
8.10 ABB Group
8.10.1 Company Overview
8.10.2 Businesses in operation
8.10.3 Business strategy
8.11 Kawasaki Heavy Industries
8.11.1 Company Overview
8.11.2 Operating segments
8.11.3 Business strategy
8.12 Mitsubishi Heavy Industries Ltd.
8.12.1 Company Overview
8.12.2 Operating segments
8.12.3 Business Strategy
8.13 Deutsche Bahn AG
8.13.1 Company Overview
8.13.2 Operating segments
8.13.3 Business strategy
For more information on this report, visit https://www.researchandmarkets.com/r/h6rhaf
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900