Autonomous Trains Market: A Comprehensive Size, Share, and Growth Analysis 2030
Autonomous train technologies are rapidly transforming the future of transportation, and the global market for autonomous trains is thriving as a result. While autonomous technologies have already made inroads in the automotive and aviation industries, the demand for driverless trains has been steadily increasing, reshaping the landscape of public transportation.
Today, conventional trains connect cities and regions, but the rail industry is undergoing a substantial shift towards maximum automation. This trend is expected to drive the global autonomous trains market to new heights. The future of transportation is predicted to be data-driven, shared, automated, connected, and on-demand, setting the stage for the development of autonomous trains that operate without manual intervention.
Autonomous trains are categorized based on their level of automation. These trains operate with minimal or no human intervention and are monitored from a control station. As such, they are often referred to as driverless trains.
The parent rail industry is currently on a moderate upward growth trajectory, driven by developments and increased connectivity between megacities and rural areas. This industry is expected to grow at a rate of nearly 2% over the next few years. Infrastructure development and the adoption of automation in the rail industry are the key areas of growth, with an anticipated growth rate of approximately 2.9%. Much of this growth is expected to occur in Asian countries, where significant developments are on the horizon.
Digitalization and Improved Mobility Drive Autonomous Trains Market
The growth of the autonomous train market can be attributed to several factors, including improved energy efficiency, enhanced safety, and reduced operating costs. High-speed train accidents and passenger injuries, particularly during door operations, have led to approximately 1900 accidents in Europe alone. Addressing safety concerns has become a top priority for industry players, making autonomous train technologies a potential game-changer for the rail industry.
Light rail offers a cost-effective, environmentally friendly alternative to road transport, while high-speed trains are increasingly being seen as a viable option for short-distance travel between major cities. Concerns about environmental sustainability and the carbon footprint have prompted regulatory bodies worldwide to take action, resulting in the electrification of rail routes and a surge in demand for autonomous trains.
Digitalization and urbanization are redefining energy utilization in the transportation sector, with connectivity, analytics, shared mobility, and mobility-as-a-service systems reshaping the industry. Digitalization has played a crucial role in reducing the gap between trains, enhancing the end-user experience, and maintaining safety standards. Rail transport is at the forefront of moving passengers and freight, especially along heavily used routes. Autonomous trains are already being deployed on closed and secured rail lines, and efforts are underway to extend their operation to unsecured and uncontrolled lines.
Slowdown Due to COVID-19 Pandemic
The global economy and rail industry continue to feel the impact of the COVID-19 pandemic, which has prompted nations to impose lockdowns and disrupt supply chain operations. As a result, the market is expected to experience a temporary slowdown for the next year or two. Rising production costs, reduced profitability margins, and the need for increased hygiene measures at workplaces are adding to the challenges faced by manufacturers.
Autonomous Trains Picking Up the Pace
The autonomous train market is segmented based on the level of automation, including GoA1 (driver controls train operations), GoA2 (automatic train stoppage with manual start), GoA3 (automated start and stop with a train attendant), and GoA4 (unattended train operations with automated start/stop and doors).
National Budget Allocation in Asia Pacific Drives Growth
Europe and Asia Pacific are leading the autonomous train industry, with significant developments in both regions. The allocation of budgets for railway infrastructure and technology is a top priority for Asian governments. India, in particular, has been in the spotlight for its commitment to the autonomous train market, with substantial budget allocations in recent years.
Several cities, including Nuremberg, Singapore, and Paris, already operate autonomous trains for local transport at GoA2 and GoA3 levels. Major operators like French operator SNCF and Deutsche Bahn have plans to deploy autonomous high-speed trains by 2023. Rio Tinto’s successful implementation of autonomous trains has encouraged manufacturers to explore opportunities in the European and North American rail markets.
Stiff Competition Drives Collaboration
Key players in the autonomous train market are actively seeking to gain a larger market share through inorganic growth strategies. Collaborations and acquisitions are expected to be key strategies for staying competitive. For instance, Alstom’s acquisition of Bombardier in 2021 solidified its position as a leading market player.
Prominent companies shaping the autonomous train market include Alstom, ABB, CRRC Corporation Limited, GE Transportation (acquired by Wabtec), Hitachi Ltd., Kawasaki Heavy Industries, Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD., Siemens, and Thales Group.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/autonomous-trains-market
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