Autonomous Train Market

Market Leader - Autonomous Train Market

The autonomous train market is projected to grow at a CAGR of 5.1% from 2022 to 2030, to reach 12.3 USD billion by 2030. The key growth driver for the market is the rise in demand for safety, security, and efficient mode of transportation across the globe. Also, the increase in government budget allocation for mass and efficient mode of transportation would drive the market for autonomous train.

Recent years have seen an increasing number of rail accidents across the globe that have resulted in casualties and infrastructure damage. These accidents have added the cost burden on the government to rebuild infrastructure. These concerns have accentuated the need for safety systems to protect the train and passengers. Various manufacturers have therefore developed advanced technologies to provide a safe and efficient mode of transportation.

Supply contracts are the key strategy adopted by major players to gain traction in the autonomous train market. In July 2021 Siemens received a USD 3.4 billion contract in the US to design, manufacture, and technically support 73 multi-powered trains for Amtrak, the National Railroad Passenger Corporation. These trains will offer Amtrak and its passengers the latest intelligent rail technology as well as digital services that will deliver real-time information about vehicle operations. In June 2021, Wabtec Corporation (US) secured a contract to supply its Positive Train Control Technology to Indian Railways. This contract will speed up Indias efforts to implement its new signaling system. In September 2020 Thales secured a supply contract in Vancouverís Broadway Subway Project for Communications Based Train Control (CBTC) systems. The trains will be equipped with Thalesís SelTrac solutions.

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The second most widely followed strategy by market players is new product developments and expansions. In November 2021 Alstomís Innovia monorail trains entered commercial service on Wuhu Rail Transitís Line 1 in Anhui Province in China. The train consists of a fleet of 28 six-car. The new monorail will be elevated and equipped with automatic train operation (ATO) grade of operation 4 (GoA4) which enables the monorail to operate in a fully automated state, without the interference of a driver or attendants.

Alstom (France) is one of the key players in the autonomous train market. The company is primarily engaged in the manufacturing of trains and components of the train. The company focuses on inorganic strategies for technological growth such as collaborations, partnerships, and joint ventures. These strategies help the company in enabling access to newer markets and offer opportunities for growth. For instance, in September 2020, Alstom signed a MOU to acquire Bombardier Transportation. The deal is expected to be worth between USD 6.7 billion to USD 7.1 billion and took place in January 2021.Leveraging on its clear Alstom in Motion strategy and its strong operational fundamentals and financial trajectory, Alstom, integrating Bombardier Transportation, strengthens its leadership in the growing sustainable mobility market by reaching a critical size in all geographies and integrating further solutions and assets to better serve its customers worldwide.

Another important player in the autonomous train market is Siemens, a German-based engineering conglomerate. It offers trams, light rails, metros, commuter and regional trains, passenger coaches, automated people movers, and components and systems. It carries out rail automation and rail electrification and offers rail services as well as complete rail solutions through its mobility business unit. It has its autonomous train solution Trainguard MT, which is a CBTC (Communications-Based Train Control) solution for trains that offers continuous as well as intermittent train control, semi-automated train operation, driverless train operation which can be customized as per the operators need. The company invests significantly in research & development activities and also for the development of business operations. The company constantly creates new and improved product lines for solutions related to autonomous train. The company invested over USD 5 billion in R&D in 2021. In addition to Alstom (France) and Siemens (Germany), Bombardier (Canada), Hitachi (Japan), Kawasaki Heavy Industries (Japan), General Electric (US), Thales Group (France), Mitsubishi Heavy Industries (Japan), CRRC (China), ABB (Switzerland), CAF (Spain), and CalAmp (US) are the prominent players in the autonomous train market.

Related Reports:

Autonomous Train Market by Level of Automation (GOA1, GOA2, GOA3, GOA4), Technology (CBTC, ERTMS, ATC, PTC), Application, Component, Train Type (Metro, Light Rail, Bullet Train/HSR), Track Length, GOA 4 Systems and Region - Global Forecast to 2030

Contact:
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MarketsandMarketsô INC.
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USA : 1-888-600-6441
[email protected]

Autonomous Train Market Size,  Share & Growth Report
Report Code
AT 6300
RI Published ON
8/2/2022
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