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(I-AutoNewsWire.com, April 13, 2019 ) The autonomous train market is estimated to be 60,078 units in 2018 and is projected to reach a market size of 106,290 units by 2030, growing at a CAGR of 4.87% during the forecast period.
The market growth is driven by factors such as the rise in demand for safety, security, and efficient mode of transport.
Browse through 50 market data tables and 69 figures spread across 157 pages, and an in-depth TOC of “autonomous train market: Global Forecast to 2030.”
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CBTC technology: Expected to dominate the autonomous train market
Almost 68% of the world’s automated metro lines are operated using CBTC systems, which is close to three-quarters of the newly built fully automated metro infrastructure during the last decade. CBTC is projected to account for the largest market share as various ongoing projects and future proposed lines implemented with CBTC are expected to be undertaken. Thus, the market for CBTC is expected to dominate the autonomous train market.
GOA 4: Expected to be the fastest growing in the autonomous train market
The GOA 4 is estimated to be the fastest market segment, by volume, of the autonomous train market during the forecast period. Presently, the autonomous technology is used for passenger trains for mass public rapid transit across the globe. The number of trains is increasing year-on-year across the globe, raising concerns related to the safety of trains and passengers, which is expected to be provided with the implementation of and monitoring by autonomous technology GOA 4. Thus, the GOA 4 segment is expected to grow at a higher rate in the autonomous train market for passenger applications.
Asia Pacific is the leading regional market for autonomous train market
The Asia Pacific region is led by emerging countries, including China and India, where the installation of metro lines is growing at a faster pace than other countries in the region. The Asia Pacific region is the largest and fastest-growing region in the global autonomous train market, due to the increasing infrastructural developments, increase in government spending on the transportation sector, and on-going/upcoming projects in various countries. The increased levels of automation and demand for efficient and safe transportation are major factors expected to drive the market for autonomous trains.
The report explains the drivers, restraints, challenges, and opportunities in the autonomous train market. The report also gives a qualitative and quantitative description of different segments considered for the autonomous train market. This global report gives a detailed understanding of the market across five geographical regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and Rest of the World.
“Brief information on the research methodology used in the report can be found in the report description provided on the website.”
Mr. Shelly Singh