Autonomous Trains Global Market Report 2022

Autonomous Trains Global Market Report 2022

  • May 2022 •
  • 175 pages •
  • Report ID: 6277719 •
  • Format: PDF
Major players in the autonomous trains market are Alstom S.A, ABB, Bombardier Transportation, CRRC Transportation, Hitachi Ltd, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG, Thales Group, and Ansaldo.

The global autonomous trains market is expected to grow from $8.43 billion in 2021 to $9.08 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The market is expected to grow to $12.24 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%.

The market for autonomous trains consists of sales of autonomous trains, which are automatic train protection (ATP) system enabled, which helps the train to automatically stop at signals with speed control.The trains are designed with high-powered cameras, the latest sensors, GPS data, and onboard computer systems.

The data is collected from sensors and monitored at control rooms which enable the autonomous system to make an informed decision.Autonomous trains can run more frequently and achieve higher speeds, enabling managers to increase the number of trains in operation on a route instead of having to go to the significant expense of building new tracks.

The market consists of revenue generated by the company’s manufacturing the automatic trains by the sales of these products.

The main train types in the autonomous trains market are suburban trains, tram, monorail, subway/metro, long-distance trains.Tram is an electric vehicle that transports people, mainly in cities, and goes along metal tracks in the road.

The technologies involved are automatic train control (ATC), communication-based train control (CBC), European railway traffic management system (terms), positive train control (PTC).The grades of automation involved are GOA1, GOA2, GOA3, GOA4.

The applications involved are passenger train, freight, mining.

Western Europe was the largest region in the autonomous trains market in 2021.Asia Pacific was the second largest region in the autonomous trains market.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The increased need for a safe, efficient, cheap, fast, and reliable mode of transportation is contributing to the growth of the global autonomous train market.Rail is the safest mode of land transport and more attractive to the customer.

It is also one of the fastest modes of transport, which moves on high-speed lines that are expected to average up to 300 km/hour.The distance of 1000 Km can easily be reached within 5 to 7 hours.

It offers much greater flexibility of the time, allowing train frequencies to be better matched to demand at peak and off-peak times.This offers a much better service to potential passengers and drives an increase in passenger numbers.

When it comes to fares, intra-modal competition among railway operators, and competition among railway suppliers will keep fares affordable even in countries with low per capita income. Increased safety and cheaper fares compared to other transports drove the autonomous train market.

High deployment and operational costs along with increased security concerns are expected to limit the growth of the autonomous train market.The capital costs of signaling and control equipment are likely to be associated with maintenance costs, operational costs, and large capital investments.

On the other side, the transfer of data between a train’s safety-critical system, in particular, is a potential target for hackers.ATO (Automatic Train Operation) with its interconnectivity with other systems has an increased threat, making it potentially vulnerable to cyber-attack.

As it transfers high resolution, real-time train determination information between the wayside, the train, and the control center, it is essential to ensure this vital data remains secure.

LiDAR and Artificial intelligence are increasingly being used in autonomous trains to improve the performance of the trains.LIDAR (Light Detection and Ranging) system measures the speed of moving trains and captures irregularities of the track and evaluates the rail track quality.

It uses two pairs of lenses to capture speed signals from both rails individually.The track speed, curvature, and lateral and vertical geometry variations on each side are determined.

Artificial Intelligence (AI) is expected to improve the performance of automated metro lines by enabling predictive maintenance which helps to reduce the incidents and assist operators to recover from incidents more quickly.Control Centre with visual and voice interactions during an incident is a time-consuming process.

AI also helps to reduce these interactions and allows traffic controllers to focus on the core problem.

In February 2020, Alstom, a France based manufacturing company acquired Bombardier Inc. for $7.02 billion to $7.50 billion. The acquisition of Bombardier Transportation is a one-time opportunity coming at the right moment for Alstom, has significantly strengthened its operational and financial profile over the past 4 years to accelerate its strategic roadmap, and add to Alstom’s complementary commercial and industrial platforms. Bombardier Inc., a Canada-based train transport company.

The countries covered in the autonomous trains market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.