PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1536716
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1536716
Autonomous Train Market size was valued at USD 14,251.2 Million in 2023, expanding at a CAGR of 6.20% from 2024 to 2032.
In contrast to conventional manually driven trains, autonomous trains provide better safety measures. Since they have cutting-edge sensors and artificial intelligence (AI) algorithms, they have a lower chance of accidents since they can recognize impediments, track circumstances in real-time, and react to situations automatically. When it comes to electrification, trains have led the way in transportation automation, having electrified roads before anybody else. This has helped the transportation industry internationally create automated transport methods. Automation makes automated locomotives a competitive alternative to the diesel locomotives already in use in the mining and heavy-haul industries, where lengthy durations may occasionally reach 2000 km or more. Autonomous trains are seen favorably in most regions and large countries.
Autonomous Train Market- Market Dynamics
Growing Need for Rapid Transit and Digitalization of Railroads to Propel Market Growth
Strong safety procedures are constantly needed as train traffic continues to grow throughout the world. Global railway expenditures are predicted to rise as a result of this trend, assisting in the growth of the autonomous train industry. There is a growing expectation that autonomous technologies will join the market due to the increasing number of railways worldwide, which will further propel market expansion. Furthermore, there should be a lot of opportunities for market expansion during the projected period. This is a result of continuous advancements in railway infrastructure, especially in developing nations, which raise the general effectiveness and security of rail travel. There has also been a discernible trend toward the use of trains for the transfer of freight, which is anticipated to increase demand for autonomous train technologies.
Autonomous Train Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.20% over the forecast period (2024-2032)
Based on level segmentation, the GOA2 category was predicted to show maximum market share in the year 2023
Based on train type segmentation, the metro/monorail category was the leading segment in 2023
Based on technology segmentation, the CBCT category was the leading segment in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Autonomous Train Market is segmented on the basis of Level, Technology, Train Type, Application and Region.
The market is divided into the following categories based on level: GOA1, GOA2, GOA3, GOA4. The GOA2 category dominates the market. In the rail sector, GOA2, often known as semi-automatic train operation (STO), is a commonly used automation level. In this mode, the train's stopping and starting are automated, but the driver is still in charge of opening and closing the doors, steering the vehicle as needed, and responding to emergencies. The expansion of this market can, therefore, be linked to the increasing adoption of the GOA2 automation level, which offers a balanced approach to automation, delivering efficiency and safety benefits while keeping a degree of human oversight.
The market is divided into the following categories based on technology: CBTC, ERTMS, PTC, and ATC. The CBTC category dominates the market and is likely to maintain its dominance during the forecast period. By using telecommunications between rail equipment and trains for infrastructure regulation and traffic management, communication-based train control (CBTC) provides a more accurate train position than conventional signaling systems. By doing this, railway traffic management is made more efficient and safe, enabling metros and other rail systems to expand headways without compromising safety. The precise position, speed, direction of travel, and braking distance of trains are all continuously calculated and transmitted to roadside equipment along their path by current CBTC systems. This data makes the computation of the train's possible occupancy area on the track possible.
Autonomous Train Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Over the course of the forecast period, Asia Pacific is anticipated to hold the greatest share of the global market for Autonomous Train. With some of the longest train lines found in nations like China, Japan, and India, Asia-Pacific is home to one of the greatest rail networks in the world. The popularity of public transit, particularly the metro system in India, for everyday commuting underscores the importance of the railway network to the region's economic growth. Economies from both developed and developing nations may be found in the Asia-Pacific area, which includes Bangladesh, Indonesia, Malaysia, and Singapore. It is anticipated that new rail projects intended to improve urban passenger transit and maintain and upgrade the current fleet will boost the market in these countries.
In addition, the Autonomous Train market is anticipated to expand at the fastest rate in the world during the projected period in Europe. Europe has one of the greatest rail networks in the world, and planned railway developments and advances are driving the market opportunity for autonomous trains in the region. Many European nations, like Germany, have extensive networks of railway stations connecting both cities and towns, demonstrating the popularity of trains over other forms of transportation such as buses. In Germany, bus speeds are limited by federal rules to 100 km/h (62 mph). By contrast, "low-speed" trains are capable of reaching speeds of up to 160 km/h (99 mph), which highlights the significance of railroads in Europe and supports the demand for self-driving trains.
The market for autonomous trains is fragmented and expected to see rivalry due to the presence of multiple competitors, including Bombardier Transportation, ABB Ltd., Alstom SA American Equipment Company Beijing, and Traffic Control Technology, among others. To stay ahead of the competition and to guarantee effectiveness, transparency, and safety, major service providers in the industry are always updating their technologies. In order to obtain a competitive advantage over their rivals and secure a substantial portion of the market, these firms concentrate on cooperation, product improvements, and partnerships.
July 2024: For the first autonomous train on the Namma Metro Yellow Line, which runs 19 kilometers from Electronics City and R V Road to Bommasandra, the Bengaluru Metro Rail Corporation Limited (BMRCL) started dynamic signaling tests. With trains operating every 20 minutes, this major project is predicted to transform city public transit completely.
January 2024: Siemens AG implemented ETCS in the fleet of Paakaupunkiseudun Junakalusto Oy trains as a component of the Finnish DigiRail initiative. The most recent standards outlined in the European Technical Specification, TSI 2023, will be used by Sweden for ETCS testing.
December 2023: Bangkok's MRT Pink Line in Thailand started to use Alstom SA's Innovia monorail trains for commercial purposes. The 30-station, 34.5-kilometer Pink Line will link Min Buri with the densely populated Khae Rai. The elevated new monorail will be equipped with the automated train operation (ATO) grade of operation 4 (GoA4), which allows the monorail to operate completely on its own without the intervention of a driver or attendant.
July 2023: The "Over and Back" testing solution was introduced by Hitachi Ltd. as part of the Cross River Rail project in Brisbane, South East Queensland. This allowed for a smooth and rapid transition from the existing railway signaling system, known as interlocking, to the soon-to-be-introduced European Train Control System, or ETCS L2.
GLOBAL AUTONOMOUS TRAIN MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
ABB Ltd.
Alstom SA
General Electric
Hitachi Rail STS
Bombardier Transportation
CRCC Corporation Limited
American Equipment Company
Beijing Traffic Control Technology
Siemens AG
Thales Group
Ingeteam Corporation SA
Kawasaki Heavy Industries
Mitsubishi Heavy Industries Ltd.
Wabtec Corporation
Others