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(Transportation-News.com, December 13, 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 high demand for rapid mass transit with enhanced safety to reduce traffic congestion and journey time is majorly contributing to the growth of global autonomous train market.
The GOA 4 segment is expected to record the growth with fastest rate during the forecast period in global autonomous train market. This anticipated growth is attributed to the factor such as 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. Presently, the intelligence is offered for autonomous trains is limited to the signaling system. This advanced trains are operated dedicated computer systems which are control by remote rooms by humans.
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Camera segment is likely to be the largest market for autonomous train market, by component. In order to improve the safety of passengers, there is the need of closely monitoring the systems which is attributed to the growth of camera segment. The camera monitors and sends real-time information to the server. Tachometer is expected to record second largest market by component in global autonomous train 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. High adoption rate of autonomous train and increasing infrastructural developments are principal factors contributing to raising the fleet sizes of trains which in turn leading to the growth of tachometer market globally.
The Positive Train Control (PTC) technology of autonomous train is projected to account fastest growth in the coming years. the US government has regulated a mandate to implement the PTC technology on all rail lines in the country by December 2018 thereby pushing 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 Japan, Germany, France, China, Canada, UK, and US initiated to allocate public resources and join forces with leading OEMs to introduce several autonomous train projects in local regions. This factor would help to put the global autonomous train market at a new level and improved the mass rapid transit for consumers.
The Asia Pacific is the largest and fastest-growing market in the global autonomous train market. The factors such as ongoing/upcoming projects in various countries of this region, increase in government spending on the transportation sector and consistent development of infrastructure are majorly fueling the growth of autonomous train market in the region. High demand in reducing travel time and road traffic congestion coupled with improved safety and security of passengers and trains are the factors boosting the growth of autonomous train market in the region.
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