According to a market report by Lucintel, the future of the autonomous train market looks promising with opportunities in the tram, suburban, monorail, light rail, and high-speed rail. The autonomous train market is expected to grow with a CAGR of 13% from 2019 to 2024. The major drivers for this market are increasing demand for efficient transportation with a high level of safety, increased budget allocations for the development of railway systems and infrastructure, and continuous research and development in the automation technology.
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Within the autonomous train market, passenger and freight are the major end use industries. Passenger is the largest end use segment for autonomous trains.
GoA1 + GoA2, GoA3, and GoA4 are the major grade type segments of the autonomous train market.
Asia Pacific will remain the largest region over the forecast period due to increasing infrastructural development, increase in government spending on the transportation sector, and ongoing/upcoming projects in various countries.
Thales Group, Alstom, Hitachi, Bombardier Transportation, Ansaldo STS, SIEMENS, Mitsubishi Electric, and CRRC, are among the major manufacturers of autonomous trains.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the autonomous train market by train type, by technology, by grade, by component, by application, and by region. Lucintel has prepared a comprehensive research report titled "Autonomous Trains Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the autonomous train market by train type, by technology, by grade, by component, by application, and by region as follows:
By Train Type [$M shipment analysis for 2013 – 2024]
Long distance train
Suburban
Tram
Monorail
Subway/Metro
By Technology [$M shipment analysis for 2013 – 2024]
By Grade [$M shipment analysis for 2013 – 2024]
By Component [$M shipment analysis for 2013 – 2024]
Tachometer
Doppler
Accelerometer
Camera
Antenna
Radio Set
By Application [$M shipment analysis for 2013 – 2024]
By Region [$M shipment analysis for 2013 – 2024]
North America
Europe
Germany
Russia
France
United Kingdom
Italy
Asia Pacific
Japan
India
South Korea
Indonesia
Turkey
China
The Rest of the World
This 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 click on this link https://www.lucintel.com/autonomous-trains-market.aspx or helpdesk@lucintel.com.
About Lucintel
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