Autonomous Trains Market is estimated to be 60,830 Units in 2018 and is to reach a market size of 90,350 Units by 2026, growing at a CAGR of 15% during the forecast period. The main growth driver for the autonomous train market is the rise in demand for safety, security, and efficient transport. Autonomous trains are the most sophisticated technology in the field of railway transport system. Technologically advanced system are used in trains to operate it without the assist of a driver and the safety of the passengers is increased. These trains are equipped with high-powered cameras, latest sensors, GPS data, and onboard computer systems. Increase in the number of metro rail projects to drive the autonomous train market. A railway is the most efficient and safe means of transportation compared to highways due to the fewer number of accidents recorded. Implementation of automation technologies in trains is proving to be more useful for reducing the number of accidents and pollution, reducing the load on the fossil fuels, and an increase in the efficiency. Autonomous trains take considerably less time to cover long distances, as they contain a train to train and train to server communication, which enables the trains to measure the exact distance between the trains.
Autonomous trains market is segmented into a grade, train type, technology, component, application, and region. In terms of grade, GoA4 automation is anticipated to be the fastest-growing segment in the autonomous train market globally. GoA4 is unattended train operation (UTO) used in starting and stopping, the operation of doors and handling of emergencies are fully automated without any staff. Based on technology, the communication-based train control (CBTC) technology is estimated to account for the largest market share. CBTC is a widely used signalling technology in all metros and light rails across the globe. By component, the camera is expected to be the largest market, which can be attributed to the increase in need to monitor systems to increase the safety of passengers. The camera is also projected to be the fastest-growing market during the forecast period. On the basis of application, the passenger segment is estimated to be the largest market segment, by volume, of the Autonomous train market during the forecast period. The increase in road traffic congestion has created an opportunity for alternate modes of transportation such as a train. In terms of region, the Asia Pacific region is the largest and fastest-growing market in the global autonomous train market. The Government of China is focused on the adoption of autonomous trains across the country. Several new autonomous train projects are in progress and several are expected to be planned during the forecast period. Some of the key players in the Autonomous trains market are Thales Group, Alstom S.A., Hitachi Ltd., Bombardier Transportation, Ansaldo STS, SIEMENS AG, Mitsubishi Electric, and CRRC Corporation limited.
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