Global self-driving train market size/share expected to reach USD 19.33 billion by 2032 with 5.2% CAGR growth: Polaris Market Study

Currently, the global autonomous train market size and share is valued at USD 12.44 billion in 2023. According to the latest research by Polaris Market Research, the estimated revenue is expected to be USD 19.33 billion by 2032. Further, the report notes that the market exhibits a robust compound annual growth rate (CAGR) of 5.2% over the forecast period 2024-2032. The GoA 4 segment is expected to grow at the fastest CAGR due to factors such as the need for improved safety and cost reduction.

NEW YORK, NY, March 7, 2024 (GLOBE NEWSWIRE) — Latest Investigative Report [115+] 360 degree page, title “Autonomous Trains Market Share, Size, Trends and Industry Analysis Report by Automation Level (GoA 1, GoA 2, GoA3 and GoA 4). By Technology; By Component; By Train Type; By Application; By Region; Segment Forecast , 2024-2032.” Published by Polaris Market.

global Autonomous train market size and share It is currently valued at USD 12.44 billion in 2023. Generating an estimated US$19.33 billion in revenue by 2032, according to the latest research by Polaris Market Research. Additionally, the report states: The market is exhibiting a robust compound annual growth rate (CAGR) of 5.2% Over the forecast period 2024-2032.

market definition

Self-driving trains, also known as driverless trains, operate without human intervention and are monitored from a control station. They are equipped with Automatic Train Protection (ATP), a train safety system that stops at signals and adjusts speed. The most advanced technology in rail transportation systems lies in self-driving trains. These trains are equipped with onboard computer systems, GPS data, powerful cameras and the latest sensors.

Additionally, trains are the most efficient and safest mode of transportation, as they have fewer accidents than highways. Train automation has been shown to be more beneficial in terms of reducing the number of accidents and pollution, reducing the demand for fossil fuels, improving efficiency, and increasing the market size of automated trains. Self-driving trains have train-to-train and train-to-server connections that can accurately calculate distances between trains, allowing them to travel long distances in much less time.

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Self-driving train market Major companies

• ABB Corporation

• Alstom SA

• american equipment company

• beijing traffic control technology

• bombardier transportation

• CRCC Corporation Co., Ltd.

• general electric

• Hitachi Rail STS

• Inge Team Corporation SA

• Kawasaki Heavy Industries

• Mitsubishi Heavy Industries, Ltd

• Siemens AG

• Thales Group

• Wabtech Co., Ltd.

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Main highlights

• The main growth factors for the self-driving train industry are the increasing demand for security, safety, and efficient transportation.

• Autonomous Trains market analysis is mainly based on technology, automation level, train type, components, applications, and region.

• In 2023, Asia Pacific region gained the largest market share and dominated the market.

market development

Growth drivers:

• Autonomous technology: As the number of railways increases around the world, expectations for autonomous driving technology to enter the market will increase, further accelerating the growth of the autonomous train market. Moreover, there should be ample opportunities for market expansion within the expected period. This is due to continued advances in railway infrastructure, especially in developing countries, increasing the general effectiveness and safety of rail travel. There is also a noticeable trend towards using railways to move freight, which is expected to increase the demand for self-driving train systems.

Industry trends:

• Environmentally friendly transportation: The market is expanding due to the increasing demand for environmentally friendly transportation. Reducing dependence on fossil fuels, developing self-driving trains powered by renewable energy sources, and promoting a more sustainable and greener future are ways to meet this standard.

• Robust safety system: As train traffic continues to increase in railway operations around the world, strong safety mechanisms are always needed. This trend is predicted to increase global rail spending and drive market share growth for self-driving trains.

Restraint:

• Alternative transportation: In most cities, there is competition between different modes of transportation, including ride-hailing, bus transportation, ride-sharing, and rail transportation, as well as personal commuting. To increase capacity and reliability over traditional buses, bus rapid transit (BRT) systems prioritize buses at intersections and provide bus-only lanes on public roads. This system also reduces delays and increases efficiency. The rail transportation market is under pressure from this competitive environment.

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Segmentation overview

In contrast to traditional signaling systems, communication-based train control (CBTC) provides more accurate train positioning by using communication between track equipment and trains for traffic management and infrastructure regulation. To do. This improves the efficiency and safety of rail traffic management, allowing subways and other rail systems to move forward without compromising safety.

Trains equipped with the latest CBTC systems also calculate and continuously broadcast position, speed, heading, and stopping distance to wayside equipment throughout the route. This information can be used to calculate the potential footprint of the train on the track.

Trains must keep the tracks clear to ensure safety. Train operators can use external cameras installed on vehicles to ensure safe entry and prevent accidents.

It also supports pantograph monitoring, which is essential for trains that rely on overhead wires for power. This allows operators to pinpoint the cause and timing of failures. Demand for self-driving trains is also increasing in the camera field due to improvements in lens technology that improve safety and reduce accidents.

Autonomous Trains Market: Report Scope and Dynamics

regional insights

Asia Pacific: The Asia-Pacific region has some of the world's best rail networks, with countries such as China, Japan, and India having some of the longest rail lines. Public transport, particularly the metro, is popular in India for daily commuting, highlighting the importance of the rail network to the region's economic growth.

Europe: Europe has one of the world's leading railway networks, and planned railway developments and advancements are driving opportunities in the self-driving train market. Many European countries, such as Germany, have extensive networks of train stations connecting cities and towns, making trains more popular than other forms of transport such as buses.

See detailed report “Autonomous Trains Market Share, Size, Trends and Industry Analysis Report by Automation Level (GoA 1, GoA 2, GoA3 and GoA 4). By Technology; By Component; By Train Type; By Application; By Region; Segment Forecast , 2024-2032.” With detailed table of contents: https://www.polarismarketresearch.com/industry-analysis/autonomous-train-market

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Key questions addressed in the report:

answer: The global market size and share is currently valued at USD 12.44 billion in 2023, with an estimated revenue of USD 19.33 billion by 2032, at a robust CAGR of 5.2% over the forecast period 2024-2032. It is expected to generate U.S. dollars.

answer: The major factors driving the demand for the self-driving train market are the rising demand for security, safety, and efficient transportation.

answer: In 2023, Asia Pacific gained the largest market share and dominated the market.

answer: The major players in the autonomous train market are ABB Ltd., Beijing Traffic Control Technology, Hitachi Rail STS, Mitsubishi Heavy Industries, Ltd., and CRCC Corporation Limited.

Polaris Market Research segments the Automated Trains market report on the basis of automation level, technology, component, train type, application, and region.

Outlook by level of automation

By technology landscape

Outlook by component

• camera

• rider

• radar

• tachometer

• doppler

• antenna

• Accelerometer

• radio set

• odometer

Outlook by train type

• Light Rail

• high speed rail

• monorail

Outlook by application

• passenger train

• freight train

Regional outlook

• North America (USA, Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea, Australia)

• Latin America (Brazil, Mexico, Argentina)

• Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)

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