The autonomous train market is valued at USD 7,448. 05 million in 2020 and is expected to reach 10,222 USD. 75 million by 2026 registering a CAGR of 5.61% during the forecast period. The Covid-19 pandemic has had a negative influence on the rail industry across the world.
New York, October 25, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Autonomous Train Market – Growth, Trends, COVID-19 Impact, and Forecast (2021 – 2026)” – https: // www.reportlinker .com / p06177361 /? utm_source = GNW
With an increased preference for personal transportation, the likelihood of choosing trains for transportation has decreased. However, with growing concerns about emissions, the need to use public transport and pooling should help the train market to grow.
Growing electrification in the global transportation industry regardless of the mode of transportation has led to the development of automated transportation methods and trains have been at the forefront of automating transportation after road transportation. . In addition, the growing need for efficiency and safety can drive existing rail operators towards automation.
However, as the market is still in its infancy, the need for huge investments in equipment R&D is expected to hold back the growth of the market. The Asia-Pacific region and North America are expected to experience significant growth during the forecast period.
Asia-Pacific has one of the largest rail networks in the world and is expected to show the strongest growth in the autonomous train market. Technological advances are expected to gradually accelerate rail mobility by improving the rate of adoption of autonomous trains in North America.
Key market trends
Passenger segment is expected to dominate the market during the forecast period
Rail is considered to be one of the safest and most attractive modes of land transport for the customer as it provides much better service to potential passengers and leads to an increase in the number of passengers. The demand for safer and more efficient transport is increasing from consumers around the world, highlighting the importance of adopting transport based on advanced technologies, i.e. autonomous trains for home journeys. job.
Currently, rail has been identified as one of the most energy efficient modes of transport, accounting for 8% of global motorized passenger movements and 7% of freight, but consuming only 2% of transport energy. However, the passenger train segment of the market suffered a loss due to the pandemic due to trade and travel restrictions imposed around the world.
China’s highest rail network saw a drop of 39.4% in 2020 compared to 2019, but with the resumption of economic activities, the market is expected to accelerate during the forecast period. Besides, the latest developments such as driverless passenger car testing to further propel the market growth. For example,
In March 2021 by SNCF and its partners, a prototype was tested in the northern Hauts-de-France region. The company has set a goal of delivering fully automated prototypes running by 2023 and fully expanding train operations by 2025.
As a result of these advancements and cases, the passenger train market segment is expected to contribute significantly to the overall development of the autonomous train market during the forecast period.
Asia-Pacific region is expected to experience significant growth during the forecast period
The Asia-Pacific region is expected to hold a significant share of the market during the forecast period. It has one of the largest rail networks in the world due to the presence of large countries such as India, China and Japan. In addition, public transport is also very popular in these countries, such as India, where people often travel by metro for daily trips. As a result, the rail network plays a very important role in the economic development of Asia-Pacific countries. For example,
The installed base of metro-rail rolling stock in India is expected to grow to 5,458 railcars by 2023, due to the huge demand for suburban transport in metropolitan cities. A total of 3,343 railcars are expected to be added to the metro-rail network over a five-year period from 2018 to 2023.
Of these, contracts for 1,758 railcars have already been awarded. Such factors may drive demand for autonomous trains equipped with GoA 3 and GoA 4 for metro trains in the region. Asia-Pacific is also characterized by the presence of developed and developing economies, such as Singapore, Malaysia, Indonesia and Bangladesh. New rail projects for urban passenger transport, as well as for the replacement and maintenance of the existing fleet, are expected to stimulate the market in these countries. For example,
In 2018, the Singapore Land Transport Authority (LTA) ordered 66 six-car trainsets from Bombardier for its North-South and East-West lines. In addition, in 2019, LTA in Singapore announced its intention to purchase 12 additional trainsets from Alstom for deployment on the Circle Line Stage 6 extension. These are expected to be delivered from 2024.
Therefore, due to the above factors, the deployment of autonomous trains in the region is expected to experience significant growth during the forecast period.
The market for autonomous trains is a very consolidated market due to the presence of a few major players such as Hitachi Rail STS (Ansaldo), Alstom, Thales, Siemens AG and many others. In addition, as the railway industry is still in the nascent stage of automation, the need for huge investments in equipment R&D to meet international standards is high, making it difficult for new companies to enter the market. market, leaving the field to the main players.
Some of the major market players are adopting various growth strategies such as mergers, acquisitions, collaborations and deals to strengthen their position in the market. For example,
In August 2021, Hitachi Rail STS (Ansaldo) entered into an agreement with the Thales group to acquire the Ground Transportation System business from the Thales Group. As a result of this agreement, Hitachi Rail is expected to drive growth by expanding the scale of its rail signaling systems business and further advancing its rail automation systems business globally.
In August 2021, Siemens Mobility won a contract for the design, installation and commissioning of the world’s first communications-based train control (CBTC) technology for cross-border cross-border trains in Malaysia and Singapore. The company also announced its intention to deliver the CBTC system for the Brazilian metro line in May 2021.
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