Global Autonomous Train Technology Market (by Train Type & Region): Insights & Forecast (2022-2026)

DELHI, India - Sept. 8, 2023 - PRLog -- Railways are seen as a more efficient and reliable mode of transportation for passengers and freight across longer distances, with fewer delays and breakdowns, resulting in shorter travel times. As a result, governments have increased funding for modernizing and updating the railway ecosystem in order to improve the railway network and reduce dependency on other means of transportation.

Autonomous trains are a form of automated train that incorporates an automated train driving system that manages train arrival, departure, movement between stations, precise and automatic train pausing, and door opening and shutting on time. The global autonomous train technology market is expected to reach US$8.39 billion in 2023, progressing at a CAGR of 6.41%, during the forecast period.

Analysis of Key Players:

The global autonomous train technology market is highly concentrated. Market players have implemented sustainable growth techniques in the market. The key players of the global autonomous train technology market are:

• Hitachi Ltd (Hitachi Rail Ltd.)
• Thales Group
• Alstom SA
• CalAmp Corp.
• CRRC Corporation Ltd.
• Siemens AG (Siemens Mobility)
• Belden Inc.
• Mitsubishi Heavy Industries Ltd
• CAF SA
• Kawasaki Heavy Industries
• Warehouse Airbrake Technologies Corporation (GE Transportation)
• Deutsche Bahn AG
• ABB Group

Major players are constantly investing in R&D of the equipment to meet international standards. New product launches, collaborations with governments and expansion in the emerging countries are among the strategic activities that the corporations are pursuing in order to increase their market positions. For example, in September 2021, Mitsubishi Heavy Industries Engineering formed a joint partnership with Keolis to build the Dubai Metro and Dubai tram. The Dubai metro, a fully automated driverless rail system, has successfully begun operations.

The COVID-19 Analysis:

The COVID-19 pandemic has wreaked havoc on global autonomous train technology market as major railway projects were halted, and posed a challenge to the autonomous train technology market. People were seeking more personal vehicles as a result of their fear of shared spaces, decreasing the demand of train, thus hampering the market.

For more Information:

https://www.konceptanalytics.com/report/transportation-logistics/global-autonomous-train-technology-market-by-train-type-region-insights-forecast-with-potential-impact-of-covid-19-2022-2026

Koncept Analytics

Vikas Gupta

(Business Development Manager)

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Mail ID – vikas@konceptanalytics.com