Autonomous Train Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global autonomous train market size reached US$ 8.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Autonomous trains are driverless mass-transit locomotives that are monitored from the control station and operated automatically without any human intervention. Some of the commonly used autonomous passenger and freight trains include metros, monorails, light rails and high-speed rail or bullet trains. They are managed through stations that control the arrival, departure, movement, and automatic halting of the trains. Autonomous trains consist of an odometer, tachometer, radio set, camera, and accelerometer. In comparison to manually controlled trains, autonomous trains have improved acceleration capabilities, enhanced system efficiency, and reduced ongoing operational costs while providing consistent train speed and safety.
Autonomous Train Market Trends:
The increasing electrification and automation of the transportation industry is one of the key factors driving the growth of the market. Autonomous trains are integrated with advanced systems that provide improved control over stopping, departure and movement of the locomotive between stations. They also offer automatic and sensor-based opening and closing of doors to enhance passenger safety and convenience. Moreover, the rising demand for safe, secure, and efficient transport systems is providing a thrust to the market growth. Autonomous trains run on ground and underground levels and are highly secured by walls and fences to prevent trespassing and fatalities. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) solutions with railway systems, are favoring the market growth. These technologies aid in improving the overall operational efficiency and maintaining freight operations and systems. In line with this, the widespread adoption of communications-based train control (CBTC) technology to reduce the time intervals between trains is positively impacting the market growth. Other factors, including the implementation of various government initiatives to improve public transportation systems, along with rising environment consciousness among the masses, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global autonomous train market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, train type, automation grade, technology and application.
Breakup by Component:
Camera
Accelerometer
Odometer
Tachometer
Radio set
Others
Breakup by Train Type:
Metro/Monorail
Light Rail
High-Speed Rail/Bullet Train
Breakup by Automation Grade:
GoA 1
GoA 2
GoA 3
GoA 4
Breakup by Technology:
CBTC
ERTMS
ATC
PTC
Breakup by Application:
Passenger Train
Freight Train
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Alstom SA, Belden Inc., Bombardier Inc., CAF Construcciones y Auxiliar de Ferrocarriles S.A., CRRC Corporation Limited, General Electric Company, Hitachi Ltd., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Siemens AG, and Thales Group.
Key Questions Answered in This Report
1. What was the size of the global autonomous train market in 2022?
2. What is the expected growth rate of the global autonomous train market during 2023-2028?
3. What are the key factors driving the global autonomous train market?
4. What has been the impact of COVID-19 on the global autonomous train market?
5. What is the breakup of the global autonomous train market based on the automation grade?
6. What is the breakup of the global autonomous train market based on the technology?
7. What is the breakup of the global autonomous train market based on the application?
8. What are the key regions in the global autonomous train market?
9. Who are the key players/companies in the global autonomous train market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Autonomous Train Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Component
- 6.1 Camera
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Accelerometer
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Odometer
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Tachometer
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Radio set
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 7 Market Breakup by Train Type
- 7.1 Metro/Monorail
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Light Rail
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 High-Speed Rail/Bullet Train
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Automation Grade
- 8.1 GoA 1
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 GoA 2
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 GoA 3
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 GoA 4
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Technology
- 9.1 CBTC
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 ERTMS
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 ATC
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 PTC
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Market Breakup by Application
- 10.1 Passenger Train
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Freight Train
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Analysis
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 ABB Ltd.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2 Alstom SA
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Belden Inc.
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4 Bombardier Inc.
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 CAF Construcciones y Auxiliar de Ferrocarriles S.A.
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.6 CRRC Corporation Limited
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.7 General Electric Company
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.7.4 SWOT Analysis
- 16.3.8 Hitachi Ltd.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9 Kawasaki Heavy Industries Ltd.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 Mitsubishi Heavy Industries Ltd.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 Siemens AG
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12 Thales Group
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
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