Published Date : Jul 30, 2018
ALBANY, New York, July 30, 2018 – This report analyses the overview of the global market of autonomous train technology from forecast period 2017 – 2025. The report is titled “Autonomous Trains Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2017 – 2025.”
Railway transportation is considered as one of the cheapest mode of transportation. It also contributes the least to environment pollution. These trains function based on surrounding conditions and gathered data from different servers. They have in-build technologies which will help them to manage route and time planning, on board component status, operating information of staff, and communication between parallel running trains. Due to growth in urbanization people are preferring organized, secured, and punctual mode of transportation. Thus, the demand for autonomous train technologies will be rising during the forecast period.
The expensive installation and infrastructure cost for technologies and components are factors that are restraining the autonomous train technology market. The cost of these technologies are very high and one of the major setbacks is hacking of the system. Hacking of these autonomous train technologies can put passenger’s life at fatal risk. This puts the developing countries and companies at hold to implement the same.
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The train technology market is segmented by grade GoA1 + GoA2, GoA3 andGoA4. The GoA1 level trains consists of automatic train protection operation with driver and GoA2 level trains have automatic train protection, automatic train cruising, and automatic train operation with driver. Therefore, both the technologies are being implemented in metros. The growth of infrastructure and automatic technologies together will promote construction of monorails.
Asia Pacific is estimated to account for the largest share in global market due to the advancement in technologies in countries like Japan, India, and China. These countries have strong foothold in the rail technology. China has remarkable numbers of high speed automatic trains functioning. The Government of China is focusing on acquiring autonomous trains throughout the country. Many projects are being planned during the forecast period. Considering the demand from Asia Pacific countries, it is expected to be in leading position in global market during the forecast period.
The competitive landscape of the autonomous train technologies globally is fragmented due to presence of large number of vendors. Governments across the globe are supporting several companies to develop autonomous train technologies. The global players are focusing on advancement of technologies as PTC (positive train control) and CBTC (communication based train control) with the help of autonomous train industry and regional players.
The global players are also emphasizing on research and development activities for more accurate and reliable technologies thus, providing the demand for train automation. The advancements are changing the outlook of autonomous train industry. Some of the key players in the market are Hitachi Ltd., Alstom S.A., Thales Group, Bombardier Transportation CRRC Corporation Limited, Ansaldo STS, and Mitsubishi Electric.
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