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Autonomous trains run without human interference and are monitored from a control station known as driverless trains. These trains are outfitted with Automatic Train Protection (ATP), a train protection technology that limits the speed and can stop automatically at signals.
The primary drivers influencing the adoption of autonomous train technology are increasing budget allocation for railway expansion, the increased need for secure, safer, and efficient transportation, decreased pollution and accidents, and higher passenger capacity. Furthermore, improvements in railway infrastructure, particularly in emerging nations, and growth in freight movement through trains are suitable for market expansion. These reasons are expected to significantly influence the autonomous train market growth throughout the projected period. Recent advances, such as testing autonomous passenger vehicles, are projected to accelerate industry growth.
Several key companies in the industry are using different growth strategies such as mergers, acquisitions, partnerships, and agreements to enhance their market position.
The growing electrification of metro/monorail systems is due to the global implementation of stringent emission standards. The introduction of linked metro rail also threatens the international autonomous train business. Also, the increased likelihood of system hacking and the expensive cost of railway automation impede industry expansion.
The COVID-19 pandemic has hampered the railway sector. Due to the pandemic, major railway projects have been halted, which will provide a threat to the autonomous train industry. Personal mobility increased dramatically as a result of the pandemic. Following the pandemic, there was a major drop in demand for new trains as people shunned public transportation, preferring private automobiles to escape crowds. Furthermore, component manufacturing has been halted and tiny Tier II and Tier III firms have suffered financial concerns.
The railway sector is very capital-intensive and requires continued funding to stay in business. As a result, production halt during the pandemic and decreasing demand following the pandemic had an extraordinary impact on autonomous train manufacturers.
However, with increased environmental concerns, the necessity for public transit and carpooling is projected to help the railway industry flourish.
GoA1- Train Operator controls train manually
GoA3- Driverless Train Operation (DTO)
GoA4- Unattended Train Operation (UTO)
The report will cover the following key insights:
The passenger segment is estimated to hold the largest share of the market during the forecast period. Autonomous trains provide fast and efficient transportation. Several cities are building new rail infrastructure to relieve traffic congestion and provide an economical mode of transportation, both intercity and intracity. Rapid urbanization and the desire for enhanced connection, comfort, and dependability will fuel the growth of this segment.
The increased deployment of GoA4 technology in metro rail will drive the market growth. GoA4 refers to Unattended Train Operation (UTO) in which starting and stopping, door operation, and emergency management are all automated with no onboard employees. Rail is regarded as one of the safest ways of land transport. It is more appealing to customers since it provides a far better service to potential passengers, resulting in a growth in passenger numbers. Consumer demand for safer and more efficient transportation is growing worldwide, emphasizing the significance of adopting modern technology-based transportation.
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Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific has one of the world's largest rail networks and is expected to dominate the global autonomous train market share. The railway network plays a severe role in the economic growth of Asia Pacific countries. The increased investment in rail infrastructure expansion by governments throughout the region, particularly China, India, and Japan, is expected to drive significant growth in the industry. The increased popularity of metro travel as a means of public transportation in India also drives industry expansion.
Asia Pacific is characterized by industrialized and emerging economies such as Singapore, Malaysia, Indonesia, and Bangladesh. Major companies are investing in rail projects in Asia Pacific, owing to considerable potential in new business segments.
By Train Type
By Automation Grade
By Technology Type
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