According to a new market report published by Lucintel, 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 11% from 2021 to 2026. The major drivers for this market increasing demand for safety, reduction in pollution, and increasing government support.
To download report brochure, please go to https://www.lucintel.com/autonomous-train-component-market.aspx and click "download brochure" tab from the menu.
In this market, radar module, optical sensor and camera, odometer, antenna, LiDAR module, infrared camera and others are the major components used to manufacture autonomous tractors. On the basis of comprehensive research, 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.
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. Thales Group, Alstom S.A., Hitachi Ltd., Bombardier Transportation, Ansaldo STS, SIEMENS AG, Mitsubishi Electric, and CRRC Corporation Limited are among the major suppliers of the autonomous train component market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global autonomous train component market by component, grade, train type and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Autonomous Train Component Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. 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
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.