The Hyperloop technology market is expected to grow from USD 1.3 billion in 2022 to USD 6.3 billion by 2026, at a CAGR of 47.2%. Reduced travel time and transportation cost, less expensive and minimum infrastructural maintenance, and less land area required to construct a Hyperloop network than other transport modes are some of the major driving factors for the market’s growth during the forecast period.
Hyperloop is expected to be the fastest proposed commute option, running at an average speed of 600 mph. In this mode of transportation, pods travel through vacuum-sealed tubes, reaching a speed of around 500 miles per hour. Hyperloop system enables pods to run at high speeds and have efficient propulsion due to the low air pressure inside the tube, which prevents the outside air friction from limiting the speed of the pod.
A passenger carriage pod is designed to carry only passengers. According to the design or prototype, each capsule or pod would be capable of carrying approximately 40 passengers and traveling at the speed of 760 mph (1,220 kmph). According to the Alpha Document by SpaceX, passenger carriage pods are designed to be 7 feet 4 inches (2.23 meters) in diameter. According to different industry experts, passenger Hyperloop capsules are expected to be operational after freight Hyperloop capsules, considering the possible threats to human health and safety posed by traveling at such high speeds. According to HTT (US), the final operational capsule would be ready for the public in early 2018.
The major vendors in the Hyperloop technology market include Hyperloop Transportation Technologies (US), Hyperloop One (US), DGWHyperloop (India), TransPod, Inc. (Canada), and AECOM (US) among others.
Hyperloop Transportation Technologies has shown remarkable developments since its inception. The company completed its feasibility study of Hyperloop in 2014 by entering into an agreement for the construction of Hyperloop with Kings County in Quay Valley, California and the Slovakian government in 2015 and 2016 respectively. The company has started the construction of a 5-mile Hyperloop track in 2017. It is expected to test the first passenger commercial Hyperloop system by 2018– 2019. The company is primarily focusing on receiving formal approvals through agreements with the governments of different countries to construct Hyperloop tracks worldwide.
Hyperloop Technology Market
USD Billion, USD Million
Component, Transportation Type, Region
North America, Europe, APAC, and RoW
Hyperloop Transportation Technologies, Hyperloop One, Transpod Inc. DGWHyperloop, Spacex, Aecom
In this report, the Hyperloop technology market has been segmented into the following categories:
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Table of Contents
1 Introduction (Page No. - 10)
1.1 Study Objectives
1.3 Study Scope
1.3.1 Hyperloop Technology Markets Covered
2 Research Methodology (Page No. - 12)
2.1 Research Data
2.1.1 Secondary Data
220.127.116.11 Secondary Sources
2.1.2 Primary Data
18.104.22.168 Breakdown of Primaries
22.214.171.124 Key Industry Insights
2.2 Market Breakdown and Data Triangulation
2.3 Research Assumptions
2.3.2 Assumptions for Market Forecast
3 Executive Summary (Page No. - 18)
4 Market Overview (Page No. - 19)
4.2 Hyperloop Technology Market Evolution
4.3 Market Dynamics
126.96.36.199 Reduced Travel Time and Transportation Cost
188.8.131.52 Less Expensive and Minimum Infrastructural Maintenance
184.108.40.206 Less Land Area Required to Construct A Hyperloop Network Than Other Transportation Modes
220.127.116.11 Resistance to Earthquakes and Other Natural Calamities
18.104.22.168 Lack of Awareness About the Hyperloop Transportation Technology
22.214.171.124 Bureaucratic and Governmental Hurdles as the Technology is Not Yet Regulated
126.96.36.199 Concerns Related to Safety and Security
188.8.131.52 Reduction in Travelling-Related Expenses
184.108.40.206 Need for Decongestion of Cities
220.127.116.11 Boost to Energy-Efficient Transportation With the Use of Hyperloop Technology
18.104.22.168 Lack of Support From Government and Capital Investors
22.214.171.124 Possibility of Passenger Emergency Due to Power Outage
126.96.36.199 Risk of Capsule Depressurization
5 Industry Trends (Page No. - 27)
5.2 Venture Funding in Hyperloop Technology Market
5.3 Lists of Project Proposals in the Hyperloop Technology Market
5.4 Case Studies
5.4.1 Cargo Hyperloop Test Track in Dubai
5.4.2 Hyperloop Test Tracks in US
5.4.3 Hyperloop Test Tracks in Europe
5.5 Hyperloop Groups/Alliances Working Worldwide
5.6 Participants of Hyperloop One Global Challenge (HOGC)
6 Elements of Hyperloop Transportation System (Page No. - 33)
6.2.1 Total Cost of the Hyperloop Passenger Transportation System
6.2.2 Total Cost of the Hyperloop Passenger Plus Freight Transportation System
6.4 Propulsion System
7 Hyperloop Technology Market, By Carriage Type (Page No. - 37)
8 Geographic Analysis (Page No. - 39)
8.2 North America
188.8.131.52 Pestle Analysis
184.108.40.206 Pestle Analysis
220.127.116.11 Pestle Analysis
18.104.22.168 Pestle Analysis
8.3.2 Czech Republic
22.214.171.124 Pestle Analysis
126.96.36.199 Pestle Analysis
188.8.131.52 Pestle Analysis
184.108.40.206 Pestle Analysis
220.127.116.11 Pestle Analysis
18.104.22.168 Pestle Analysis
22.214.171.124 Pestle Analysis
126.96.36.199 Pestle Analysis
8.5 Middle East & Russia
188.8.131.52 Pestle Analysis
184.108.40.206 Pestle Analysis
9 Company Profiles (Page No. - 62)
(Business Overview, Business Strategies, Recent Developments)*
9.2 Hyperloop Transportation Technologies
9.3 Hyperloop One
9.4 Transpod Inc.
*Details on Business Overview, Business Strategies, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
10 Appendix (Page No. - 72)
10.1 Insights From Industry Experts
10.2 Discussion Guide
10.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
10.4 Introducing RT: Real-Time Market Intelligence
10.5 Available Customization
10.6 Related Reports
10.7 Author Details
List of Tables (9 Tables)
Table 1 Comparison of Hyperloop With Other Modes of Transport
Table 2 Venture Funding in Market
Table 3 Lists of Project Proposals in the Market
Table 4 Hyperloop Groups/Alliances Worldwide
Table 5 Participants of Hyperloop One Global Challenge (HOGC)
Table 6 Market, By Carriage Type, 2022–2026 (USD Million)
Table 7 Proposed Freight Transportation Routes
Table 8 Proposed Hyperloop Routes
Table 9 Market, By Country, 2022–2026 (USD Million)
List of Figures (5 Figures)
Figure 1 Market: Research Design
Figure 2 Data Triangulation
Figure 3 Market Dynamics: Overview
Figure 4 Hyperloop to Reduce Travel Times From Dubai to Abu Dhabi
Figure 5 Aecom: Company Snapshot
The study involved four major activities for estimating the size of the hyperloop technology market. Exhaustive secondary research was done to collect information on the market, including its peer markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations; white papers, marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases.
Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s monetary chain, the total pool of key players, and market segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market and technology-oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated by primary research.
In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the hyperloop technology market.
After the complete market engineering (including calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to verify and validate critical market numbers.
Primary research has also been conducted to identify segmentation types and key players, as well as analyze the competitive landscape, key market dynamics (drivers, restraints, opportunities, and challenges), and major growth strategies adopted by market players. During market engineering, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the market, including the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed during the complete market engineering process to list the key information/insights throughout the report.
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In the market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall market and other dependent submarkets listed in this report. Extensive qualitative and quantitative analyses have been performed during market engineering to list key information/insights.
Major players in the market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This involved studying the annual and financial reports of top market players, and interviews with industry experts (such as CEOs, vice presidents, directors, and marketing executives) for key insights—both quantitative and qualitative.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
After arriving at the overall market size through the process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report.
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