Northbrook, IL -- (SBWIRE) -- 12/07/2018 -- The Autonomous Train Market is projected to grow at a CAGR of 4.87% during the forecast period, to reach 106,290 units by 2030. The need for rapid mass transit to reduce traffic congestion and journey time with enhanced safety has increased the demand for the Autonomous Train Market globally.
The GOA 4 segment of the Autonomous Train Market is projected to grow at the highest CAGR during the forecast period. The growth of the GOA 4 segment is driven by various ongoing projects in countries that are focusing on the development of infrastructure to run driverless trains to provide a safe and efficient mode of transportation. The grade 4 automation presently provides driverless operation with the help of various signaling systems. Currently, the intelligence provided for the autonomous trains is limited to the signaling system. These trains are operated through sophisticated computer systems that are run by humans in remote control rooms.
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The camera is expected to be the largest market, by component. The growth of the camera can be attributed to the increasing need to monitor systems to increase the safety of passengers. The camera monitors and sends real-time information to the server. The tachometer is estimated to account for the second largest market. The growth of the tachometer segment can be attributed to the need to sense the rotation per minute of the wheel axle. The coordination between the tachometer and the onboard system helps to maintain a safe distance between two trains and prevents the possibility of an accident. Increasing infrastructural developments and adoption rate of the autonomous train in the Asia Pacific are leading to an increase in the fleet sizes of trains, which is expected to result in the growth of the tachometer market.
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The Positive Train Control (PTC) technology of autonomous train is estimated to be the fastest growing market during the forecast period. A US government mandate has made it compulsory to implement the PTC technology on all rail lines in the country by December 2018, thereby spurring the growth of the technology in the Autonomous Train Market. The global automated metro lines are expected to reach more than 2,300 km by 2025. Such high growth is also expected to be seen in the development of the light rail and high-speed rail in the coming years. Countries such as China, France, Japan, Germany, UK, US, and Canada have taken several initiatives to allocate public resources and collaborate with major OEMs to commence autonomous train projects in local regions. These initiatives would help to develop new infrastructure and modify conventional rail lines.
The Asia Pacific is the largest and fastest-growing market in the global Autonomous Train Market. The market growth in the region can be attributed to the development of infrastructure, increase in government spending on the transportation sector, and ongoing/upcoming projects in various countries of this region. The increasing demand for safety and security of passengers and trains, rise in road traffic congestion, and reduction in travel time are also driving the growth of the Autonomous Train Market in this region.
The key factors restraining the growth of the Autonomous Train Market are the long stopping distance and cost incurred in developing infrastructure for autonomous trains. The Autonomous Train Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Alstom (France), Siemens (Germany), Bombardier (Canada), Hitachi (Japan), and Kawasaki Heavy Industries (Japan).
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