Global Autonomous Trains Market to 2031: Global Metro and Monorail Network Expansion to Drive Demand - ResearchAndMarkets.com

The "Autonomous Trains Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031" report has been added to ResearchAndMarkets.com's offering.

The market for autonomous trains is projected to develop at a CAGR of 5.5% during the forecast period of 2023 and 2031. During the forecast period, Asia-Pacific is expected to lead the market for autonomous trains, followed by Europe.

Due to the increase in traffic congestion in urban areas around the globe, there is a pressing need to develop faster, more efficient, and more dependable transportation systems. In the next years, technological advancements and their integration with transportation systems, such as artificial intelligence and machine learning, are predicted to contribute to market expansion.

Modern digital technologies such as 5G, big data, the Internet of Things, automation, artificial intelligence, and blockchain are driving a comparable transformation inside the railway business.

Growing Demand for Compliance and Safety in Rail Transit

The safety of commuters plays a crucial role in rail transit due to the large number of commuters that travel. As the number of rail commuters increases around the world, rail operators must prioritize safety to maintain operations without incurring sanctions from regulators.

Real-time monitoring and video surveillance in railway stations and on trains can play a vital role in enhancing situational awareness and ensuring a quicker and more proactive incident response time, hence enhancing passenger safety. In addition to station and train safety, the safety of the rails is of the utmost importance.

For a smarter and safer transportation network, software companies have been creating communication systems that leverage wireless technologies to communicate data between vehicles and infrastructure such as railway traffic signals, crossroads stop signs, warning gates, etc. Additionally, technologies are being developed to alert the driver if an accident is imminent.

Increases in Globalization and Freight Transportation Demands Will Drive Market Growth for Autonomous Trains

Increased globalization and urbanization have increased the demand for freight and cargo transportation. In addition, it has increased the demand for greater mobility solutions. A smaller, more interconnected globe has increased the preference for autonomous rail transportation.

Consequently, a shortage of trained drivers is anticipated to occur shortly. It is projected that this will contribute to the market demand for autonomous trains throughout the forecast period. In addition, rising tailpipe emissions and the expanding trend of electrification are projected to stimulate the global development of the autonomous train market.

Global Metro and Monorail Network Expansion to Drive Demand for Autonomous Trains

A growing number of metro lines in cities across the globe have already embraced Level 4 Grade of Automation (GoA) driverless train operation. Higher levels of automation, beginning with driver aid systems and advancing to automatic obstacle detection, assist mainline, regional, and tram operators in enhancing the capacity, flexibility, and energy efficiency of their rail operations. Automatic obstacle detection is a fundamental component of future railway automation for a variety of application scenarios.

Lack Of Technological Infrastructure and Interoperability Is a Constraint.

The underdeveloped telecommunications infrastructure and restricted access to smart devices in developing nations impede the market for autonomous trains. Costly internet access is another obstacle to the development of autonomous trains.

As enterprises progressively adopt IoT technologies, pursue ambient computing technology, and provide a variety of IoT solutions, standardization across data standards, wireless protocols, and technologies has become more varied to reduce complexities and costs. This is occurring due to the growing number of newly designed connected devices that operate on a variety of platforms and technologies.

Historical Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.

Companies Mentioned

• ABB
• Alstom
• American Equipment Company
• Beijing Traffic Control Technology
• Belden
• Bharat Forge
• Bombardier
• CAF
• Calamp
• CRRC
• Deuta
• Deutsche Bahn
• General Electric
• Hitachi
• Hollysys
• Ingeteam
• Intesens
• Kawasaki Heavy Industries
• Mitsubishi Heavy Industries
• Siemens
• Tech Mahindra Ltd.
• Thales Group
• Transmashholding
• Tvema
• Wabtec Corporation

Market Segmentation

Level of Automation

• GOA 1
• GOA 2
• GOA 3
• GOA 4

Train Type

• Metro/Monorail
• Light Rail
• High-speed Rail/Bullet Train

Technology

• CBTC
• ERTMS
• PTC
• ATC

Application

• Passenger
• Freight

Component

• Tachometer
• Doppler
• Accelerometer
• Camera
• Antenna
• Radio Set
• Odometer
• RADAR
• LiDAR

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Autonomous Trains market?
• What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2031.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Autonomous Trains market?
• Which is the largest regional market for Autonomous Trains market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East Africa?
• Which are the key trends driving Autonomous Trains market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Autonomous Trains market worldwide?

For more information about this report visit https://www.researchandmarkets.com/r/qj7hif

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230330005389/en/