Global Autonomous Trains Market Size By Train Type, By Technology, By Automation, By Geographic Scope And Forecast
Autonomous Trains Market Size And Forecast
Autonomous Trains Market was valued at USD 54,354.2 Units in 2018 and is projected to reach USD 78,485.8 Units by 2026, growing at a CAGR of 4.68% from 2019 to 2026.
Global Autonomous Train Market Overview
Railways are considered to be efficient and reliable transportation mode for passenger as well as freight for longer distances with less disruptions and breakdowns leading to lower transportation time as compared to road transportation. Due to this, governments have increased the allocation of budget to modernize and upgrade the railway ecosystem to strengthen the railway network and reduce dependability on other modes of transportation. With the increase in government spending and increasing tendency on government to develop the infrastructure projects has prioritized the inclusion of autonomous trains initially on pilot projects and employed at full scale in many countries. Due to this there is an increasing trend in the adoption of these trains owing to the benefits provided including lower energy consumption, increased flexibility and easier rotation of trains among others.
Global Autonomous Trains Market: Segmentation Analysis
The Global Autonomous Trains Market is segmented based on Type, Technology, Automation, and Geography.
Key Players In Autonomous Trains Market
The Global Autonomous Trains Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Siemens AG
- Alstom SA
- Bombardier Inc
- General Electric
- Thales Group
- Mitsubishi Heavy Industries
- Kawasaki Heavy Industries
- CRRC Corporation Limited
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