Report Feature
The future of the global autonomous train component market looks promising with opportunities in the long distance train, suburban, tram, monorail and subway/metro segments. The global autonomous train component market is expected to grow with a CAGR of 10%-12% from 2021 to 2026. The major drivers for this market increasing demand for safety, reduction in pollution, and increasing government support.
Emerging trends, which have a direct impact on the dynamics of the industry, include implementation of automation technologies, fueling the adoption and incorporation of autonomous trains and rising urbanization in developing countries.
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The study includes a forecast for the global autonomous train component market by component, grade, train type and region, as follows:
By Component [Value ($ Million) from 2015 to 2026]:
- RADAR Module
- Optical sensor and camera
- Odometer
- Antenna
- LiDAR Module
- Infrared camera
- Others
By Grade [Value ($ Million) from 2015 to 2026]:
- GoA1 + GoA2
- GoA3
- GoA4 Radar
By Train Type [Value ($ Million) from 2015 to 2026]:
- Long Distance Trains
- Suburban
- Tram
- Monorail
- Subway/Metro
By Region [Value ($ Million) from 2015 to 2026]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- APAC
- China
- India
- Japan
- ROW
- Middle East
- Brazil
Some of the autonomous train component companies profiled in this report includes Thales Group, Alstom S.A., Hitachi Ltd., Bombardier Transportation, Ansaldo STS, SIEMENS AG, Mitsubishi Electric, and CRRC Corporation Limited.
Lucintel forecasts that LiDAR module will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its ability to detect objects in low visibility conditions and it provides lucrative opportunities for autonomous train components.
Within the global autonomous train component market, the subway/metro segment is expected to witness the highest growth over the forecast period due to the considerable demand for automation.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the increased rate of train track laying, awareness about technologies, and government support for the implementation of autonomous technologies in trains.
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Features of the Global Autonomous Train Component Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising growth opportunities for the global autonomous train component market by component (radar module, optical sensor and camera, odometer, antenna, LiDAR module, infrared camera and others), grade (GoA1 + GoA2, GoA3 and GoA4), train type (long distance trains, suburban, tram, monorail and subway/metro) and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market? Q.5 What are the business risks and competitive threats in this market? Q.6 What are the emerging trends in this market and the reasons behind them? Q.7 What are some of the changing demands of customers in the market? Q.8 What are the new developments in the market and which companies are leading these developments? Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth? Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution? Q.11 What M & A activity has occurred in the last 5 years? |
| Key Features | Description |
| Base Year for Estimation | 2021 |
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Trend Period (Actual Estimates) |
2015-2021 |
| Forecast Period | 2021-2026 |
| Pages | 210 |
| Market Representation / Units | Revenue in US $ Million |
| Regional Scope | North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | Component (Radar Module, Optical Sensor And Camera, Odometer, Antenna, LiDAR Module, Infrared Camera and Others), Grade (Goa1 + Goa2, Goa3 And Goa4), Train Type (Long Distance Trains, Suburban, Tram, Monorail And Subway/Metro) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Autonomous Train Component Market
4.1 Global Autonomous Train Component Market by Region
4.2.1 Market by Component: Radar Module, Optical Sensor And Camera, Odometer, Antenna, LiDAR Module, Infrared Camera and Others
4.2.2 Market by Grade: Goa1 + Goa2, Goa3 And Goa4
4.2.3 Market by Train Type: Long Distance Trains, Suburban, Tram, Monorail And Subway/Metro
4.2.4 The US Autonomous Train Component Market
4.2.5 The Canadian Autonomous Train Component Market
4.2.6 The Mexican Autonomous Train Component Market
4.3.1 Market by Component: Radar Module, Optical Sensor And Camera, Odometer, Antenna, LiDAR Module, Infrared Camera and Others
4.3.2 Market by Grade: Goa1 + Goa2, Goa3 And Goa4
4.3.3 Market by Train Type: Long Distance Trains, Suburban, Tram, Monorail And Subway/Metro
4.3.4 German Autonomous Train Component Market
4.3.5 United Kingdom Autonomous Train Component Market
4.3.6 French Autonomous Train Component Market
4.3.7 Italian Autonomous Train Component Market
4.4.1 Market by Component: Radar Module, Optical Sensor And Camera, Odometer, Antenna, LiDAR Module, Infrared Camera and Others
4.4.2 Market by Grade: Goa1 + Goa2, Goa3 And Goa4
4.4.3 Market by Train Type: Long Distance Trains, Suburban, Tram, Monorail And Subway/Metro
4.4.4 Chinese Autonomous Train Component Market
4.4.5 Japanese Autonomous Train Component Market
4.4.6 Indian Autonomous Train Component Market
4.4.7 South Korean Autonomous Train Component Market
4.5.1 Market by Component: Radar Module, Optical Sensor And Camera, Odometer, Antenna, LiDAR Module, Infrared Camera and Others
4.5.2 Market by Grade: Goa1 + Goa2, Goa3 And Goa4
4.5.3 Market by Train Type: Long Distance Trains, Suburban, Tram, Monorail And Subway/Metro
4.5.4 Middle Eastern Autonomous Train Component Market
4.5.5 Brazilian Autonomous Train Component Market
6.1.1 Growth Opportunities for the Global Autonomous Train Component Market by Component
6.1.2 Growth Opportunities for the Global Autonomous Train Component Market by Grade
6.1.3 Growth Opportunities for the Global Autonomous Train Component Market by Train Type
6.1.4 Growth Opportunities for the Global Autonomous Train Component Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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