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A recent report published by Infinium Global Research on autonomous train technology market provides in-depth analysis of segments and sub-segments in global as well as regional autonomous train technology market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional autonomous train technology market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global autonomous train technology market. According to the report the global autonomous train technology market is projected to grow at a CAGR of 5.6% over the forecast period of 2018-2024.
Autonomous train technology is the combination of the different technologies that are used to help automatic operations of trains. It is basically used on automated guideway transits and rapid transit systems that are easier to ensure the safety of humans. Systems chose to maintain a driver (train operator) to mitigate risks associated with failures or emergencies. Autonomous train technology market’s growth is attributed to the need for a safe, efficient, fast and reliable mode of transportation. In addition, the need to reduce accidents caused by human error is leading to the growth of the autonomous train technology market. Further, continuous growing budget allocations by several governments for the development of railways to deploy modern technologies, growing public infrastructure to cater the need of future transportation requirements, development of cheap transport system to reduce the pressure on road transportation system, etc. are driving the growth of the autonomous train technology market. But, economic slowdown, limited budget allocation for the modernization of the rail transport work as an obstacle in the development of an autonomous train technologies market.
On the basis of region, the global autonomous train technology market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia-Pacific dominates the global autonomous train technology device market. Some of the factors driving the Asia-Pacific’s autonomous train technology market are rapid infrastructural development, continuous increase in government budget allocation for the rail transport sector. Additionally, the growing focus of China and the Indian government for faster rail transport is a major boosting factor for the growth of this market. The Asia Pacific region is expected to register high CAGR owing to the increasing installation of metro lines in urban areas for commuting purpose in China and India is growing at a faster pace than other countries, is helping to grow this market in this region.
The report on global autonomous train technology market covers segments such as grade of automation, train type, components, and technology. On the basis of the grade of automation, the global autonomous train technology market is categorized into GoA1 + GoA2, GoA3, and GoA4. On the basis of train type the global autonomous train technology market is categorized into long distance, suburban, tram, monorail and subway/metro. On the basis of components, the global autonomous train technology market is categorized into a RADAR module, optical sensor & camera, odometer, antenna, LiDAR module, infrared camera, and others. On the basis of technology, the global autonomous train technology market is categorized into communications-based train control, European rail traffic management system, automatic train control, and positive train control.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the
North America region as it is the largest market in the region. The
Asia-pacific region offers substantial potential for the market growth owing to
rapid growth in markets such as India and China. The APAC region is projected
to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of
the companies in the global autonomous train technology market such as Thales
Group, Alstom S.A., Hitachi Ltd., Bombardier Transportation, Ansaldo STS,
Siemens AG, Mitsubishi Electric, CRRC Corporation Limited, Kawasaki Heavy
Industries, Ltd. and General Electric.
The report provides deep insights
on demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the global autonomous train technology market. Moreover, IGR-Growth
Matrix analysis given in the report brings insight into the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter's five forces analysis
and DRO analysis of autonomous train technology market. Moreover, the study
highlights current market trends and provides forecast from 2018-2024. We also
have highlighted future trends in the autonomous train technology market that
will impact the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings insight into the market share of
the leading players. This report will help manufacturers, suppliers, and
distributors of the autonomous train technology market to understand the
present and future trends in this market and formulate their strategies
accordingly.
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