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2019

Autonomous Train Technology Market

Autonomous Train Technology Market Size, Share, Competitive Landscape and Trend Analysis Report by Grade of Automation (GOA 1, GOA 2, GOA 3, and GOA 4), Train Type (Passenger Train and Freight Train), Technology (CBTC, ETRMS, ATC, and PTC), and Component (Camera, Accelerometer, Odometer, Tachometer, Radio Set, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

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Author's: Akshay Jadhav | Lalit Janardhan Katare
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Autonomous Train Technology Market Outlook - 2026

Autonomous trains, also known as driverless trains, are operated automatically without any human intervention, and are monitored from the control station. In case of any obstacle incurred in the route, a message is sent to operational control center and to the attendant on the train, to stop the train. Owing to increase in traffic congestion on road network, the need for smart and frequent trains has boosted the growth of the global market. The autonomous train technology market was valued at $5.88 billion in 2018, and is projected to reach $15.57 billion by 2026, growing at a CAGR of 12.9% from 2019 to 2026.

The major companies profiled in the autonomous train technology market share include Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, General Electric, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., and Thales Group.

Autonomous Train Technology Market Outlook

The global autonomous train technology market segments are based on grade of automation (GoA), train type, technology, component, and region. On the basis of grade of automation, the market is fragmented into GoA 1, GoA 2, GoA 3, and GoA 4. Depending on type, it is bifurcated into passenger train and freight train. By component, it is segregated into camera, accelerometer, odometer, tachometer, radio set, and others. As per technology, autonomous train technology market categorized into CBTC, ERTMS, ATC, and PTC. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Automated passenger metros and passenger trains operate in almost every part of the globe carrying millions of passengers. The market for passenger train is driven majorly due to rise in population. In addition, train serves as the cheapest mode of transportation, which drives the market growth. Hence, developing countries primarily rely on passenger trains to travel. Autonomous passenger trains will reduce the overheads and result in increased frequency of trains coupled with efficient trip turnaround, along with enhanced safety which boost the market growth. Furthermore, higher budget allocation by most of the countries in the railway sector to enhance automation is a key factor fueling the growth of the market. A freight train is a series of wagons connected to a locomotive and is used for transporting cargo from one place to another.

CBTC is increasingly being used across the world. It a railway signaling system used for telecommunication between train and track equipment to manage traffic and for infrastructure control. Through the implementation of CBTC, the exact position of the train can be determined as compared to the traditional signaling system. Architecture of CBTC system involves wayside equipment, CBTC onboard equipment, and train to wayside communication subsystem. CBTC system is a modern railway system which is presently used in urban railway lines. With this system, the exact location of the train is calculated which includes various parameters such as speed, position, travel direction, braking system, and more which is driving the growth of the market. This technology is cost-effective, easy to implement, requires less maintenance, highly advanced against interruption, and safe, which boost the market growth.

 

Autonomous Train Technology Market Regional Analysis Graph

Top Impacting Factors

The key factors that impact the autonomous train technology market growth include increase in allocation of budget for development of railways; rise in demand for secure, safer, and efficient transport; reduction in pollution & accidents; increased passenger capacity & reliability. However, rise in possibility of hacking the system, high cost of train automation hampers the growth of the market. Further, improvement in railway infrastructure, particularly in developing countries, and increase in freight transport through train is opportunistic for the market expansion. Each of these factors is anticipated to have a definite impact on the autonomous train technology market during the forecast period. 

Autonomous Train Technology Market Top Impacting Factors Graph

Rise in demand for secure, safer, and efficient transport system

Autonomous trains have less chances of rail fatalities, owing to deployment of upgraded technologies such as communication based train control (CBTC), European railway traffic management system (ETRMS), and more. In 2017, 1,855 railway accidents were recorded in Europe, with a total of 977 fatalities and 763 persons injured seriously. This can be reduced by installing on board camera, sensors, communication devices, and more. Moreover, in most locations, autonomous trains run underground or are at the ground level and are highly secured by fences or walls to prevent trespassing. 

In addition, around 85% stations on the automated lines are protected with the platform screen doors to ensure safety of the passengers. With the implementation of autonomous trains, the staff count can be reduced and extra space can be utilized to accumulate extra passengers on board. Furthermore, these trains consume less energy due to their superior acceleration, traction, and breaking system, resulting in the reduction of energy consumption by around 30% based on the degree of automation. Moreover, with the deployment of autonomous trains, it is easy to add a new train in the system or to remove a new train from the system without affecting the system and without waiting for train availability or staff availability. Thus, the availability of trains during off peak and night hours is possible due to increase in flexibility which drives the adoption of autonomous train technology market. For instance, the Copenhagen metro has enabled the 24/7 operation. Thus, autonomous trains are more safe, secure, flexible, and efficient as compared to traditional manually operated trains, which drives the autonomous train technology market.

Increase in the allocation of budget for development of railways

The autonomous train technology market is expensive in terms of capital cost. concept of autonomous trains is trending and is widely adopted by the developing as well as the developed countries. However, the implementation of the same requires upgradations of the several components such as signaling technologies, monitoring systems, and more. 

Autonomous train technology market Trends include allocations of a higher budget. Developing countries such as India, China, and others are more focused towards developing their railway infrastructure by allocating higher budget. For instance, India allocated a budget of $18.8 billion to its railway sector in the year 2017 and $21.2 billion in the year 2018 which clearly highlights the increase of 13% in the budget allocation. In the same way, there are various countries across the globe which are continuously increasing their rail budget to meet he latest technologies by enhancing the infrastructure. For instance, Canadian National Railway (CN) have planned an investment of $2.92 Billion in the province of Saskatchewan to enhance the railway infrastructure. Such increase in the budget allocation is boosting the growth of the autonomous train technology industry.

Key Benefits for Autonomous Train Technology Market:

  • This study comprises analytical depiction of the autonomous train technology market size with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold.
  • The autonomous train technology market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current growth and autonomous train technology market forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
  • The study comprises the autonomous train technology market opportunity, which help key players in decision making.

Autonomous Train Technology Market Segments:

By Grade of Automation

  • GoA 1
  • GoA 2
  • GoA 3
  • GoA 4

By Application

  • Passenger Train
  • Freight Train

By Technology

  • CBTC
  • ETRMS
  • ATC
  • PTC

By Component

  • Camera
  • Accelerometer
  • Odometer
  • Tachometer
  • Radio set
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled

  • Alstom S.A.
  • ABB
  • Bombardier Transportation
  • CRRC Transportation
  • General Electric
  • Hitachi Ltd.
  • Kawasaki Heavy Industries
  • Mitsubishi Heavy Industries
  • Siemens AG
  • Thales Group

Autonomous Train Technology Market Report Highlights

Aspects Details
Autonomous Train Technology Market By GRADE OF AUTOMATION
By GRADE OF AUTOMATION
  • GRADE OF AUTOMATION 1 (GOA 1)
  • GRADE OF AUTOMATION 2 (GOA 2)
  • GRADE OF AUTOMATION 3 (GOA 3)
  • GRADE OF AUTOMATION 4 (GOA 4)
Autonomous Train Technology Market By TYPE OF TRAIN
By TYPE OF TRAIN
  • PASSENGER TRAIN
  • FREIGHT TRAIN
Autonomous Train Technology Market By TECHNOLOGY
By TECHNOLOGY
  • COMMUNICATION BASED TRAIN CONTROL (CBTC)
  • EUROPEAN RAILWAY TRAFFIC MANAGEMENT SYSTEM (ERTMS)
  • AUTOMATIC TRAIN CONTROL (ATC)
  • POSITIVE TRAIN CONTROL (PTC)
Autonomous Train Technology Market By COMPONENT
By COMPONENT
  • CAMERA
  • ACCELEROMETER
  • ODOMETER
  • TACHOMETER
  • RADIO SET
  • OTHERS
Autonomous Train Technology Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

Mitsubishi Heavy Industries, CRRC Transportation, Alstom S.A., Hitachi Ltd., Kawasaki Heavy Industries, Bombardier Transportation, Thales Group, General Electric, Siemens AG, ABB

Analyst Review

 The autonomous train technology market is projected to witness considerable growth in the near future, especially in Asia-Pacific region, owing to surge in population along with increase in globalization and rise in purchasing power. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative feature offerings.

The market in the developed countries, such as the U.S., Canada, France, and others is projected to report a slower growth rate as compared to the developing countries such as Venezuela, Colombia, Peru, Chile, Ecuador, and others, owing to increase rail budget allocation coupled with rise in disposable income. In terms of autonomous operations, driverless trains are simpler as compared to autonomous cars, as their operations is considerably is extremely simple. In addition, the path is confined to the rail network.

The growth of the autonomous train technology market is driven by increase in allocation of the budget for development of railways; rise in demand for secure, safer, and efficient transport; and reduction in pollution & accidents.

However, increase in possibilities of hacking the system and high cost of train automation restrict the market growth. Conversely, improvement in railway infrastructure, particularly in developing countries, and increase in freight transport through train are expected to create remunerative opportunities market expansion.

Among the analyzed regions, Europe is expected to account for the highest revenue in the global market in year 2018. However, Asia-Pacific is anticipated to grow at a higher rate, predicting lucrative opportunities for the key players operating in the autonomous train technology market.

Author Name(s) : Akshay Jadhav | Lalit Janardhan Katare

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Autonomous Train Technology Market

Global Opportunity Analysis and Industry Forecast, 2019-2026