Hyperloop Technology Market with COVID-19 impact by Transportation System (Capsule, Guideway, Propulsion System, and Route), Carriage Type (Passenger, and Freight), Speed (Less than 700 kmph, and More than 700 kmph), and Region - Global Forecast to 2026
[158 Pages Report] The Hyperloop Technology market with COVID-19 impact is expected to grow from USD 1.2 billion in 2021 to USD 6.6 billion by 2026, at a CAGR of 40.4%.
The major factors driving the growth of the Hyperloop technology market are decreased travel time and transport costs. less expensive and minimum infrastructural maintenance, creation of hyperloop network requires less land area, tolerance to earthquakes and other natural calamities and emphasis on solar power for energy consumption in the hyperloop transportation technology. However, Lack of awareness regarding hyperloop transportation technology, regulation not yet implemented for hyperloop transportation technology by governments and bureaucrats and safety and security concerns is expected to restrain the growth of the market.
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Impact of Covid-19 on Global Hyperloop Technology market
COVID-19 will certainly delay the rollout of hyperloop, thereby affecting every stakeholder in the supply chain. The disruptions caused by COVID-19 may affect transport and mobility for much longer than the duration of the emergency. Several transport operators have lost a significant part of their income since mid-March 2020, raising worries about their financial stability and their capacity to recover their services. Aversion and self-imposed social distancing may result in modifications of the current trends in personal mobility patterns and user choices.
However, the Hyperloop Technology Market is expected to witness continuous growth across the world in coming years, particularly in the emerging economies of APAC and RoW. The market for hyperloop technology is primarily driven by the continuously growing need for connectivity between different countries and states. Demand for transport and mobility services will probably rebound once restriction measures are removed and activity gradually recovers. Nevertheless, the rate of recovery will vary across transport modes and countries will depend to a large extent on the speed of economic recovery, the cost of the measures to support it, and the changes in the supply and demand of transport services as a result of the direct and indirect impacts of the pandemic. A clear picture of the full impact will be possible after the end of 2021, and the repercussions will be probably still visible at least 3 years after the crisis has been neutralized.
Market Dynamics
Drivers: Decreased travel time and transport costs
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. A 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.
Less expensive and minimum infrastructural maintenance
According to the Alpha Document by Elon Musk, the total expected cost of the hyperloop passenger transportation system is between USD 6 and 7.5 billion, which is much lesser than a high-speed rail project. According to World Bank estimates, hyperloop will cost less than high-speed rail. The proposed high-speed rail project in California will cost up to USD 64 billion, i.e., USD 56 million per km—which is much higher than hyperloop. According to Virgin Hyperloop, the route between Abu Dhabi and Dubai cost USD 4.8 billion, i.e., USD 52 million per 1.6 km. Hyperloop is considered as a less expensive option than bullet trains.
Creation of a hyperloop network requires less land area
Obtaining land for any transportation project is becoming an important issue worldwide. Infrastructure refers to the fundamental, physical, or organizational structures needed for the operation of civilization or enterprise. Economic and social growth needs to be ensured by an efficient and reliable transport system. To fulfill these increasing demands, huge investments are being made by governments worldwide in roads, railways, ports, and civil aviation sectors for increased capacities and transformation of the transportation system. The land requirement for railways, airports, seaports, and roads is very high compared to that for hyperloop transport. Hyperloop does not require designing of station area plans and runway spaces, or relocation of surrounding utilities, huge building material costs, etc.
Tolerance to earthquakes and other natural calamities
Ground-based transportation systems, such as railways, high-speed rail, and bullet train, are more susceptible to earthquakes. Hyperloop is built on pylons where the tube carrying passenger pods is above the ground level, which reduces the risk of earthquakes or other natural calamities. The tube is not firmly fixed, which allows for flexibility. Moreover, it does not frequently need expansion joints to deal with thermal expansion or contraction, large-scale land movement, etc.
Emphasis on solar power for energy consumption in the hyperloop transportation technology
The current modes of transportation, including high-speed rail or the metro system, use old technology and has a huge capital cost and requires continuous government subsidies. On the other side, the rising population on a global scale is causing high traffic, leading to congestion and, consequently, high carbon emission, which leads to environmental pollution. Hyperloop transport technology, powered by solar energy, can improve fundamental transportation ways, making it more efficient, profitable, and environmentally safe.
Restraints: Lack of awareness regarding hyperloop transportation technology
Though the concept of high-speed travel in tubes has been around for many decades, the interest in pneumatic tube transportation systems was retriggered after 2013 since the idea was introduced again, using updated technologies, by Elon Musk. The hyperloop transportation system is different from trains, cars, airplanes, or boats. It has not yet been fully implemented anywhere in the world. Most people are unaware about the hyperloop transportation system. The hyperloop model is not as popular as that of bullet trains or other faster transportation modes. However, the companies that are working on building a hyperloop transportation system have adopted various ways to promote this technology.
Regulations not yet implemented for hyperloop transportation technology by governments and bureaucrats
The main restraint in implementing the hyperloop transportation system is the governmental regulations in countries where it is being implemented. Certifications and regulatory environment pose a restraint as companies building hyperloop transportation systems are dealing with a technology that is not yet regulated. The formation of regulations or framework is an important aspect of this process. Also, land rights and bureaucratic obstacles are some of the hurdles in building a hyperloop transportation system.
Safety and security concerns
Passenger safety and security is one of the major concerns for the growth of the hyperloop market. Hyperloop is a new transportation system that is elevated and enables travel at very high speeds of around 650 mph inside a low air-pressure tube. In comparison with bullet trains and airplanes, which have past precedents in the form of regular trains or commercial airplanes, hyperloop has no resemblance to any conventional means of transportation. There is still skepticism about the reliability of hyperloop technology.
Capsules are projected to witness highest CAGR for the forecast period
Capsules are expected to grow at the highest CAGR in the coming years owing to additional technological developments in the architecture of the capsules. Additionally, freight capsules will require modifications according to requirements for the forecast period.
Passenger segment to account for largest share of Hyperloop technology market during the forecast period
Passenger transportation is expected to hold a major share of the market as most companies are focusing on commuters to gain a higher share of the market by connecting major cities and countries. It is expected to reduce travel time by many hours. For instance, in November 2020, 2 human passengers travelled in one of Virgin Hyperloop's levitating hyperloop capsules, which was sent at 100 miles per hour through a near-airless tunnel in the Nevada desert. The 15-second-long test trip was carried out by the company at its DevLoop site 35 miles north of Las Vegas in Nevada, which comprises a 500-metre concrete tube located in a barren stretch of desert.
Hyperloop with speed more than 700 kmph will have highest growth in coming years
Hyperloop with speed more than 700 kmph is expected to grow at a higher CAGR for the forecast period as it is the future of high-speed transportation. It is multiple times faster than Japan's Shinkansen bullet trains and even faster than a Boeing 747. This technology could make working and living in 2 different cities a norm, while also creating a world with less congestion and pollution.
APAC is attributed to holding the largest share of the Hyperloop technology market in the coming year
APAC is expected to witness highest CAGR as the companies that are into hyperloop technology are focusing on this region due to the presence of a few evolved economies and the population crisis leading to crowded streets. Australia, India and South Korea are countries that have already signed MoUs with hyperloop companies and are working on the commercialization phase.
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Key Market Players
The Hyperloop Technology market was dominated by Virgin Hyperloop (US), Hyperloop Transportation Technologies (US), Hardt B.V. (Netherlands), TRANSPOD (Canada), and Zeleros (Spain).
Virgin Hyperloop (US)
Virgin Hyperloop is modifying transportation to eliminate the constraints of time and distance by using hyperloop for the instantaneous, safe, efficient, and sustainable movement of cargo and passengers. It aims to provide 2 types of hyperloop networks—passenger hyperloop system and cargo hyperloop system.
As of December 2019, Virgin Hyperloop raised USD 400 million and recently partnered with the Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build the world’s longest test and certification hyperloop track as well as a research and development center and hyperloop manufacturing facility north of Jeddah.
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- Latest News, Updates & Trend analysis
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Report Metric |
Details |
|
Market size available for years |
2019–2026 |
|
Base year |
2020 |
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Forecast period |
2021–2026 |
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Units |
Value USD Million |
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Segments covered |
By Transportation System, By Carriage Type, and By Speed |
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Geographic regions covered |
North America, APAC, Europe, and RoW |
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Companies covered |
The Hyperloop Technology market was dominated by Virgin Hyperloop (US), Hyperloop Transportation Technologies (US), Hardt B.V. (Netherlands), TRANSPOD (Canada), and Zeleros (Spain). |
This report categorizes the Hyperloop Technology market based on transportation system, carriage type, speed, and region.
Hyperloop Technology Market, by Transportation system:
- Capsule
- Guideway
- Propulsion System
- Route
Hyperloop Technology Market, By Carriage Type
- Passenger
- Cargo/Freight
Hyperloop Technology Market, By Speed
- More than 700 kmph
- Less than 700 kmph
Hyperloop Technology Market, by Region:
- North America
- US
- Canada
- Europe
- Germany
- France
- Spain
- Netherlands
- Poland
- APAC
- Australia
- South Korea
- India
- RoW
- South America
- Middle East
Recent Developments
- In March 2021, Virgin Hyperloop announced that the passenger-carrying vehicle, dubbed Pegasus, will be making its public debut at the Smithsonian Arts and Industries Building in November 2021.
- In November 2020, Virgin Hyperloop gave the first ride on its test track. Josh Giegel, Co-Founder and Chief Technology Officer, and Sara Luchian, Director of Passenger Experience, were the first people in the world to ride on this new form of transportation. The test took place at Virgin Hyperloop’s 500-meter DevLoop test site in Las Vegas, where the company has previously run over 400 un-occupied tests.
Frequently Asked Questions (FAQ):
Which are the major companies in the Hyperloop Technology market? What are their major strategies to strengthen their market presence?
The Hyperloop technology market was dominated by Virgin Hyperloop (US), Hyperloop Transportation Technologies (US), Hardt B.V. (Netherlands), TRANSPOD (Canada), and Zeleros (Spain). The major strategies adopted by the top 5 players in the Hyperloop market included product launches, agreements, and investments.
Which are the leading countries in the Hyperloop Technology market?
Hyperloop technology market is expected to grow at the highest CAGR in APAC region during the forecast period. The countries in APAC such Australia, South Korea and India are expected to exhibit large-scale development owing to high adoption of fast and cost-efficient means of transportation.
Which type of Speed is expected to witness significant demand for Hyperloop in the coming years?
More than 700 kmph is expected to witness the highest growth in the Hyperloop technology market in the coming years as it is the future of high-speed transportation. It is multiple times faster than Japan's Shinkansen bullet trains and even faster than a Boeing 747. This technology could make working and living in 2 different cities a norm, while also creating a world with less congestion and pollution.
How will COVID-19 impact the penetration of Hyperloop Technology market?
Traffic and transport operations reflect social and economic activity. In 2020, the measures applied in order to limit the propagation of the disease resulted in extensive mobility restrictions with a pronounced impact on most transport modes. According to European Union reports, air transport was the most affected sector, with more than 90% cancellation of programmed flights in EU27. Passenger car traffic decreased by 60–90%, while public transport and passenger rail decreased by more than 50% in most member states. The freight sector was more resilient since supply chains were mostly kept open to support continuing productive operations. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 19)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 HYPERLOOP MARKET SEGMENTATION
1.4.2 YEARS CONSIDERED
1.5 CURRENCY
1.6 STAKEHOLDERS
1.7 LIMITATIONS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 RESEARCH DATA
FIGURE 2 HYPERLOOP MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Breakdown of primaries
2.1.3.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH METHODOLOGY: APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS
2.2.1 BOTTOM-UP APPROACH
FIGURE 5 HYPERLOOP MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size by top-down analysis (supply side)
FIGURE 6 HYPERLOOP MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RISK ASSESSMENT
TABLE 1 RISK FACTORS ANALYSIS
2.5 FORECASTING ASSUMPTIONS
2.6 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 37)
3.1 IMPACT OF COVID-19 ON HYPERLOOP MARKET
FIGURE 8 PRE- AND POST-COVID-19 SCENARIO: HYPERLOOP MARKET
3.2 PRE-COVID-19
3.3 POST-COVID-19
3.4 REGIONAL IMPACT
FIGURE 9 HYPERLOOP MARKET: GROWTH TREND
FIGURE 10 CAPSULE TO GROW AT HIGHEST CAGR IN HYPERLOOP MARKET FROM 2021 TO 2026
FIGURE 11 PASSENGER SEGMENT TO HOLD MAJOR MARKET SHARE IN 2026
FIGURE 12 MORE THAN 700 KMPH TO GROW AT HIGHER CAGR IN HYPERLOOP MARKET FROM 2021 TO 2026
FIGURE 13 APAC TO GROW AT HIGHEST CAGR IN HYPERLOOP MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 43)
4.1 ATTRACTIVE OPPORTUNITIES IN HYPERLOOP MARKET
FIGURE 14 RISING DEMAND FOR DECREASED TRAVEL TIME TO PROPEL HYPERLOOP MARKET GROWTH FROM 2021 TO 2026
4.2 HYPERLOOP MARKET, TRANSPORTATION SYSTEM
FIGURE 15 CAPSULE TO REGISTER HIGHEST CAGR IN HYPERLOOP MARKET DURING FORECAST PERIOD
4.3 HYPERLOOP MARKET, BY CARRIAGE TYPE
FIGURE 16 PASSENGER TO HOLD LARGER SHARE OF HYPERLOOP MARKET IN 2026
4.4 HYPERLOOP MARKET, BY SPEED
FIGURE 17 MORE THAN 700 KMPH TO EXHIBIT HIGHER CAGR IN HYPERLOOP MARKET DURING FORECAST PERIOD
4.5 HYPERLOOP MARKET, BY REGION (USD MILLION)
FIGURE 18 APAC TO RECORD HIGHEST CAGR IN HYPERLOOP MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 46)
5.1 INTRODUCTION
5.2 MARKET EVOLUTION
FIGURE 19 MARKET EVOLUTION
FIGURE 20 HYPERLOOP MARKET EVOLUTION
5.3 MARKET DYNAMICS
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: HYPERLOOP MARKET
5.3.1 DRIVERS
FIGURE 22 HYPERLOOP MARKET DRIVERS AND THEIR IMPACT
5.3.1.1 Decreased travel time and transport costs
TABLE 2 COMPARISON OF HYPERLOOP WITH OTHER MODES OF TRANSPORT
5.3.1.2 Less expensive and minimum infrastructural maintenance
5.3.1.3 Creation of hyperloop network requires less land area
5.3.1.4 Tolerance to earthquakes and other natural calamities
5.3.1.5 Emphasis on solar power for energy consumption in the hyperloop transportation technology
5.3.2 RESTRAINTS
FIGURE 23 HYPERLOOP MARKET RESTRAINTS AND THEIR IMPACT
5.3.2.1 Lack of awareness regarding hyperloop transportation technology
5.3.2.2 Regulations not yet implemented for hyperloop transportation technology by governments and bureaucrats
5.3.2.3 Safety and security concerns
5.3.3 OPPORTUNITIES
FIGURE 24 HYPERLOOP MARKET OPPORTUNITIES AND THEIR IMPACT
5.3.3.1 Reduction in travelling-related expenses
5.3.3.2 Need for urban decongestion
5.3.3.3 Boost to energy-efficient transportation with the use of hyperloop technology
5.3.4 CHALLENGES
FIGURE 25 HYPERLOOP MARKET CHALLENGES AND THEIR IMPACT
5.3.4.1 Shortages of capital from government and capital investors
5.3.4.2 Possibility of passenger emergency due to power outage
5.3.4.3 Capsule depressurization risk
5.4 TECHNOLOGY ANALYSIS
5.4.1 COMPETITIVE TECHNOLOGIES
5.4.1.1 Maglev
5.4.1.2 High-speed Rail
5.4.2 VENTURE FUNDING IN HYPERLOOP TECHNOLOGY MARKET
TABLE 3 VENTURE FUNDING IN HYPERLOOP TECHNOLOGY MARKET
5.4.3 LISTS OF PROJECT PROPOSALS IN HYPERLOOP TECHNOLOGY MARKET
TABLE 4 LISTS OF PROJECT PROPOSALS IN HYPERLOOP TECHNOLOGY MARKET
5.5 CASE STUDIES
5.5.1 CARGO HYPERLOOP TEST TRACK IN DUBAI
FIGURE 26 HYPERLOOP TO REDUCE TRAVEL TIMES FROM DUBAI TO ABU DHABI
5.5.2 HYPERLOOP TEST TRACKS IN US
5.5.3 HYPERLOOP TEST TRACKS IN EUROPE
5.6 HYPERLOOP GROUPS/ALLIANCES WORKING WORLDWIDE
TABLE 5 HYPERLOOP GROUPS/ALLIANCES WORLDWIDE
5.7 PARTICIPANTS OF HYPERLOOP ONE GLOBAL CHALLENGE (HOGC)
TABLE 6 PARTICIPANTS OF HYPERLOOP ONE GLOBAL CHALLENGE (HOGC)
5.8 PRICING ANALYSIS
FIGURE 27 AVERAGE SELLING PRICE ANALYSIS
TABLE 7 AVERAGE SELLING PRICE OF CAPSULES, 2019–2026
5.8.1 CAPITAL COST ESTIMATE BREAKDOWN
TABLE 8 CAPITAL COST ESTIMATE BREAKDOWN FOR 500-KM GENERIC HYPERLOOP CORRIDOR IN CANADA
5.9 SUPPLY CHAIN ANALYSIS
FIGURE 28 HYPERLOOP MARKET: SUPPLY CHAIN ANALYSIS
5.9.1 HYPERLOOP ORIGINAL EQUIPMENT MANUFACTURERS
5.9.2 TRACK PROVIDERS
5.9.3 END USERS
5.10 ECOSYSTEM
FIGURE 29 HYPERLOOP ECOSYSTEM
TABLE 9 HYPERLOOP MARKET: ECOSYSTEM
5.11 PORTER’S FIVE FORCES ANALYSIS
TABLE 10 HYPERLOOP MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 30 HYPERLOOP MARKET: PORTER’S FIVE FORCES ANALYSIS
5.11.1 COMPETITIVE RIVALRY
FIGURE 31 MARKET GROWTH WOULD HAVE MAJOR IMPACT ON HYPERLOOP MARKET
5.11.2 THREAT OF NEW ENTRANTS
FIGURE 32 CAPITAL REQUIRED HINDERS NEW ENTRANTS FROM ENTERING HYPERLOOP MARKET
5.11.3 THREAT OF SUBSTITUTES
FIGURE 33 SUBSTITUTE COST HAS MAJOR IMPACT ON HYPERLOOP MARKET
5.11.4 BARGAINING POWER OF BUYERS
FIGURE 34 ROLE OF BRAND IMPACTS LARGELY ON BARGAINING POWER OF BUYERS
5.11.5 BARGAINING POWER OF SUPPLIERS
FIGURE 35 BRAND LOYALTY MAXIMIZES BARGAINING POWER OF SUPPLIERS IN HYPERLOOP MARKET
5.12 TRADE ANALYSIS
TABLE 11 IMPORT DATA OF UNITS FOR ARTICLES OF STONE OR OF OTHER MINERAL SUBSTANCES INCLUDING CARBON FIBERS, BY COUNTRY, 2016–2019 (USD MILLION)
FIGURE 36 IMPORT DATA FOR HS CODE 6815 FOR TOP 5 COUNTRIES IN HYPERLOOP MARKET, 2016-2019 (USD MILLION)
TABLE 12 EXPORT DATA OF UNITS FOR ARTICLES OF STONE OR OF OTHER MINERAL SUBSTANCES INCLUDING CARBON FIBERS, BY COUNTRY, 2016–2019 (USD MILLION)
FIGURE 37 EXPORT DATA FOR HS CODE 6815 FOR TOP 5 COUNTRIES IN HYPERLOOP MARKET, 2016-2019 (USD MILLION)
5.13 REGULATORY STANDARDS
TABLE 13 REGULATORY STANDARDS FOR HYPERLOOP MARKET
5.14 PATENT ANALYSIS
FIGURE 38 PATENT ANALYSIS
TABLE 14 NOTICEABLE PATENTS OF HYPERLOOP TRANSPORTATION TECHNOLOGIES
6 HYPERLOOP MARKET, BY TRANSPORTATION SYSTEM (Page No. - 78)
6.1 INTRODUCTION
FIGURE 39 CAPSULES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 15 HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2019–2026 (USD MILLION)
6.2 CAPSULE
6.2.1 CAPSULE TO GROW AT HIGHEST CAGR IN COMING YEARS
TABLE 16 TOTAL COST OF HYPERLOOP PASSENGER TRANSPORTATION SYSTEM
TABLE 17 TOTAL COST OF HYPERLOOP PASSENGER PLUS FREIGHT TRANSPORTATION SYSTEM
TABLE 18 HYPERLOOP MARKET FOR TRANSPORTATION SYSTEM FOR CAPSULE, BY CARRIAGE TYPE, 2019–2026 (USD MILLION)
6.3 GUIDEWAY
6.3.1 GUIDEWAY TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 19 HYPERLOOP MARKET FOR TRANSPORTATION SYSTEM FOR GUIDEWAY, BY CARRIAGE TYPE, 2019–2026 (USD MILLION)
6.4 PROPULSION SYSTEM
6.4.1 PROPULSION SYSTEM ACCELERATES CAPSULE, INCREASES AND MAINTAINS HIGH SPEED, AND DECELERATES WHEN REQUIRED
TABLE 20 HYPERLOOP MARKET FOR TRANSPORTATION SYSTEM FOR PROPULSION SYSTEM, BY CARRIAGE TYPE, 2019–2026 (USD MILLION)
6.5 ROUTE
6.5.1 ROUTE COMPRISES SUPPORT FACILITIES, PROFESSIONAL SERVICES, AND SITEWORKS
TABLE 21 HYPERLOOP MARKET FOR TRANSPORTATION SYSTEM FOR ROUTE, BY CARRIAGE TYPE, 2019–2026 (USD MILLION)
7 HYPERLOOP MARKET, BY CARRIAGE TYPE (Page No. - 86)
7.1 INTRODUCTION
FIGURE 40 PASSENGER SEGMENT TO HOLD MAJOR MARKET SHARE DURING FORECAST PERIOD
TABLE 22 HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2019–2026 (USD MILLION)
7.2 PASSENGER
7.2.1 PASSENGER CARRIAGE TO BE MAJOR MARKET SHAREHOLDER
7.2.2 PROPOSED PASSENGER TRANSPORTATION ROUTES
TABLE 23 PROPOSED PASSENGER TRANSPORTATION ROUTES STAGE /COUNTRY AND FUNDING DETAILS
TABLE 24 PASSENGER TYPE HYPERLOOP MARKET, BY TRANSPORTATION SYSTEM, 2019–2026 (USD MILLION)
7.3 FREIGHT
7.3.1 MANUFACTURING COST OF FREIGHT POD TO BE LOWER THAN THAT OF PASSENDER POD
7.3.2 PROPOSED FREIGHT TRANSPORTATION ROUTES
TABLE 25 PROPOSED FREIGHT TRANSPORTATION ROUTES STAGE /COUNTRY AND FUNDING DETAILS
TABLE 26 FREIGHT TYPE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2019–2026 (USD MILLION)
8 HYPERLOOP MARKET, BY SPEED (Page No. - 91)
8.1 INTRODUCTION
FIGURE 41 MORE THAN 700 KMPH TO WITNESS HIGHER CAGR IN COMING YEARS
TABLE 27 HYPERLOOP TECHNOLOGY MARKET, BY SPEED, 2019–2026 (USD MILLION)
8.2 LESS THAN 700 KMPH
8.2.1 LESS THAN 700 KMPH TO HOLD MAJOR SHARE DURING INITIAL COMMERCIALIZATION YEARS
8.3 MORE THAN 700 KMPH
8.3.1 TOP SPEED FOR PASSENGER VEHICLE OR LIGHT CARGO WILL BE 670 MILES/HOUR OR 1080 KM/HOUR
8.4 ANALYSIS OF HYPERLOOP AND COMPETING MODE OF TRANSPORTATION
TABLE 28 SPEED COMPARISON FOR DIFFERENT TRANSPORT MODES
TABLE 29 INTERCITY CONNECTION OVER 500 KM FOR DIFFERENT TRANSPORT MODES
9 GEOGRAPHIC ANALYSIS (Page No. - 95)
9.1 INTRODUCTION
FIGURE 42 HYPERLOOP MARKET IN SOUTH KOREA TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
TABLE 30 HYPERLOOP TECHNOLOGY MARKET, BY REGION, 2019–2026 (USD MILLION)
9.2 MAJOR PROPOSED HYPERLOOP ROUTES ACROSS COUNTRIES
TABLE 31 LIST OF PROPOSED HYPERLOOP ROUTES
9.3 NORTH AMERICA
FIGURE 43 NORTH AMERICA: HYPERLOOP MARKET SNAPSHOT
TABLE 32 HYPERLOOP TECHNOLOGY MARKET IN US, BY COUNTRY, 2019–2026 (USD MILLION)
9.3.1 US
9.3.1.1 PESTLE analysis
9.3.2 CANADA
9.3.2.1 PESTLE analysis
9.4 EUROPE
FIGURE 44 EUROPE: HYPERLOOP MARKET SNAPSHOT
TABLE 33 HYPERLOOP TECHNOLOGY MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
9.4.1 FRANCE
9.4.1.1 PESTLE analysis
9.4.2 GERMANY
9.4.2.1 PESTLE analysis
9.4.3 SPAIN
9.4.3.1 PESTLE analysis
9.4.4 NETHERLANDS
9.4.4.1 PESTLE analysis
9.4.5 POLAND
9.4.5.1 PESTLE analysis
9.5 APAC
FIGURE 45 APAC: HYPERLOOP MARKET SNAPSHOT
TABLE 34 HYPERLOOP TECHNOLOGY MARKET IN APAC, BY COUNTRY, 2019–2026 (USD MILLION)
9.5.1 AUSTRALIA
9.5.1.1 PESTLE analysis
9.5.2 INDIA
9.5.2.1 PESTLE analysis
9.5.3 SOUTH KOREA
9.5.3.1 PESTLE analysis
9.6 ROW
FIGURE 46 ROW: HYPERLOOP MARKET SNAPSHOT
TABLE 35 HYPERLOOP TECHNOLOGY MARKET IN ROW, BY REGION, 2019–2026 (USD MILLION)
9.6.1 SOUTH AMERICA
9.6.1.1 Brazil
9.6.1.1.1 PESTLE analysis
9.6.2 MIDDLE EAST
9.6.2.1 UAE
9.6.2.1.1 PESTLE analysis
10 COMPETITIVE LANDSCAPE (Page No. - 118)
10.1 INTRODUCTION
FIGURE 47 COMPANIES ADOPTED PRODUCT LAUNCHES AND DEVELOPMENTS, AGREEMENTS, AND INVESTMENTS AS KEY GROWTH STRATEGIES FROM JANUARY 2019 TO MARCH 2021
10.2 MARKET EVALUATION FRAMEWORK
TABLE 36 OVERVIEW OF STRATEGIES DEPLOYED BY KEY HYPERLOOP SOLUTION PROVIDERS
10.2.1 PRODUCT PORTFOLIO
10.2.2 REGIONAL FOCUS
10.2.3 MANUFACTURING FOOTPRINT
10.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
10.3 MARKET SHARE ANALYSIS, 2020
FIGURE 48 SHARE RANGE OF KEY COMPANIES IN HYPERLOOP MARKET, 2020
TABLE 37 HYPERLOOP MARKET: DEGREE OF COMPETITION
10.4 RANKING ANALYSIS OF KEY PLAYERS IN HYPERLOOP MARKET
FIGURE 49 HYPERLOOP MARKET RANKING, 2020
10.5 COMPANY EVALUATION QUADRANT
TABLE 38 COMPANY REGION FOOTPRINT
TABLE 39 COMPANY FOOTPRINT
10.6 COMPETITIVE EVALUATION QUADRANT
10.6.1 STAR
10.6.2 EMERGING LEADER
10.6.3 PERVASIVE
10.6.4 PARTICIPANT
FIGURE 50 HYPERLOOP MARKET: COMPANY EVALUATION QUADRANT, 2020
10.7 STARTUP/SME EVALUATION MATRIX
10.7.1 PROGRESSIVE COMPANIES
10.7.2 RESPONSIVE COMPANIES
10.7.3 DYNAMIC COMPANIES
10.7.4 STARTING BLOCKS
FIGURE 51 HYPERLOOP MARKET: STARTUP/SME EVALUATION MATRIX, 2020
10.8 COMPETITIVE SCENARIO
FIGURE 52 MARKET EVALUATION FRAMEWORK: PRODUCT LAUNCHES, AGREEMENTS, AND INVESTMENTS HAVE BEEN KEY GROWTH STRATEGIES ADOPTED HYPERLOOP SOLUTION PROVIDERS BY MARKET PLAYERS FROM JANUARY 2019 TO MARCH 2021
10.9 COMPETITIVE SITUATIONS AND TRENDS
10.9.1 PRODUCT LAUNCHES
TABLE 40 HYPERLOOP MARKET: PRODUCT LAUNCHES, JANUARY 2019 TO MARCH 2021
10.9.2 AGREEMENTS
TABLE 41 HYPERLOOP MARKET: AGREEMENTS, JANUARY 2019 TO MARCH 2021
10.9.3 DEALS
TABLE 42 HYPERLOOP MARKET: DEALS, JANUARY 2019 TO MARCH 2021
11 COMPANY PROFILES (Page No. - 131)
11.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View)*
11.1.1 VIRGIN HYPERLOOP
TABLE 43 VIRGIN HYPERLOOP: BUSINESS OVERVIEW
11.1.2 HYPERLOOP TRANSPORTATION TECHNOLOGIES
TABLE 44 HYPERLOOP TRANSPORTATION TECHNOLOGIES: BUSINESS OVERVIEW
11.1.3 HARDT B.V.
TABLE 45 HARDT B.V.: BUSINESS OVERVIEW
11.1.4 TRANSPOD
TABLE 46 TRANSPOD: BUSINESS OVERVIEW
11.1.5 ZELEROS
TABLE 47 ZELEROS: BUSINESS OVERVIEW
11.1.6 NEVOMO
TABLE 48 NEVOMO: BUSINESS OVERVIEW
11.1.7 AECOM
TABLE 49 AECOM: BUSINESS OVERVIEW
FIGURE 53 AECOM: COMPANY SNAPSHOT
11.1.8 THE BORING COMPANY (SPACEX)
TABLE 50 THE BORING COMPANY (SPACEX): BUSINESS OVERVIEW
* Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 151)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
The study involved 4 major activities in estimating the current size of the Hyperloop Technology market. Exhaustive secondary research has been conducted to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.
Secondary Research
The research methodology used to estimate and forecast the Hyperloop Technology market begins with capturing the data on revenues of the key vendors in the market through secondary research. This study involves the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for the technical and commercial study of the Hyperloop Technology market. Secondary sources also include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly done to obtain key information about the industry’s supply chain, market’s value chain, total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to the Hyperloop Technology market. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the ecosystem of the Hyperloop Technology market.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the overall size of the Hyperloop Technology market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:
- Key players in major applications and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the Hyperloop Technology market, by transportation system and carriage type, in terms of value
- To describe and forecast the market size for various segments with regard to 4 main regions, namely North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing market growth
- To describe the hyperloop technology supply chain analysis, ecosystem, Porter’s five forces analysis, trade data analysis, pricing analysis, patent analysis, tariffs, and regulatory landscape
- To provide a detailed impact of COVID-19 on the Hyperloop Technology market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the Hyperloop Technology market and describe the competitive landscape of the market
- To analyze competitive developments such as product launches/developments, agreements, and expansions in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Get in-depth analysis of the COVID-19 impact on the Hyperloop Technology Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Hyperloop Technology Market
Request For Special Pricing
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Hyperloop Technology Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Hyperloop Technology Market