Autonomous Train Market

Top Companies in Autonomous Train Industry - Alstom SA (France), Siemens AG (Germany) and Hitachi Ltd (Japan)

The autonomous train market is projected to reach USD 18.9 billion by 2030 from USD 13.6 billion in 2024 at a CAGR of 5.7%. The rise in demand for safety, security, and efficient mode of transportation across the globe is driving the autonomous train market. The increase in government funding allocated towards mass transit and efficient mode of transportation would boost the demand for autonomous train in the forecast period.

In recent years, there has been a notable increase in railway accidents worldwide, resulting in both human casualties and damage to infrastructure. These incidents have imposed significant financial burdens on governments for infrastructure restoration. Such concerns have highlighted the significance of safety measures are to safeguard both the train and the passengers on it. As a result, manufacturers have created cutting-edge technology to offer a secure and effective form of transportation.

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The autonomous train market is dominated by established players Alstom SA(France) and Siemens AG (Germany), Bombardier (Canada), Hitachi Ltd (Japan), Kawasaki Heavy Industries (Japan), Thales Group (France), Mitsubishi Heavy Industries (Japan), CRRC (China), ABB (Switzerland), CAF (Spain), and CalAmp (US). These companies adopted new product launches, deals, and other strategies to gain traction in the autonomous train market.

Alstom SA

Alstom SA is a manufacturing company for autonomous trains. It also designs and develop component of autonomous train. In order to grow technically, the company focuses on inorganic growth techniques like joint ventures, partnerships, and collaborations. These strategies benefit the business by giving it access to new markets and development possibilities. For instance, in December 2023, Alstom renewed collaboration with Fundación ONCE (Spain). This strategic partnership involves joint efforts in research, development, and innovation, aiming to enhance usability and comfort for individuals with disabilities, elderly adults, and the advancement of smart mobility solutions. This has strengthened the leadership capability 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 globally.

Siemens AG

Siemens AG has a robust product portfolio in design and developing autonomous trains and related services. Its autonomous train solution, Trainguard MT, is a Communications-Based Train Control (CBTC) system for trains provides driverless train operation, semi-automated train operation, and continuous as well as intermittent train control. It may be tailored to the operator's needs. Siemens unveiled the air-free brake system for the X Wagen metro in Vienna city and the passenger information system with real-time updates in June 2023. The business also invested over USD 6.56 billion in research and development in 2023. The company provides various digital solutions for the autonomous train market which are adopted by railway OEMs. The company has a strong geographical presence and is operational in various countries in different regions.

Hitachi Ltd.

Hitachi Ltd. has delivered multiple autonomous train projects across the globe which offers it the requisite know-how and experience of developing and implementing key projects. It has developed projects such as Copenhagen M1/M2 (Denmark), Riyadh Princess Noura (Saudi Arabia), Metro Genova (Italy), Taipei Circular Line (Taiwan). The company has invested USD 50.02 million in research and development in March 2023. In July 2023, Hitachi Ltd launched ‘Over and Back’ testing solution to enable the fast and seamless switching between existing interlocking (a railway signaling system) and soon to be introduced a new digital signaling system (ETCS L2) as part of South East Queensland’s Cross River Rail project in Brisbane. In 2022, the company expanded its railway systems business from Europe to North America with an investment of USD 70 million for winning projects in San Francisco, Washington DC, and a monorail project in Panama.

Westinghouse Air Brake Technologies Corporation (Wabtec)

The Wabtec Corporation is a renowned manufacturer of rolling stock, railway components and signaling systems. The Wabtec Corporation focuses on organic and inorganic growth strategies, such as mergers, acquisitions, partnerships, and collaborations. For example, in October 2023, Wabtec Corporation secured a contract for brakes and couplers for 640 MTA New York City Transit (NYCT) train cars from Kawasaki Rail Car, Inc. The company invests significantly in research & development activities and for the development of business operations. The company has invested USD 209 million for research and development activities in the year 2022.

Related Reports:

Autonomous Train Market by Level of Automation (GOAI, 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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MarketsandMarkets™ INC.
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[email protected]

Autonomous Train Market Size,  Share & Growth Report
Report Code
AT 6300
RI Published ON
2/29/2024
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