According to a new market report published by Transparency Market Research “Autonomous Trains Components Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025. According to the report, the global autonomous trains components market is expected to expand at a CAGR of more than 8.0 % during the forecast period.
In railway transport systems, autonomous trains are a highly sophisticated technology, which offers a significantly less polluting and economical mode of transportation. Therefore, governments of various nations are focusing on the development of autonomous trains. Adoption of automation in trains is likely to boost the autonomous trains components market during the forecast period due to rising government support. Key drivers of the autonomous trains components market are increasing demand for safety, reduction in pollution, and government support. Currently, in emerging autonomous trains, operations are monitored and controlled automatically. Even critical decisions such as when to run and stop the train are decided by the automated control system, without any human intervention. Autonomous trains are also equipped with an automatic train protection (ATP) system that has the ability to automatically stop at signals and serves the purpose of speed control, resulting in increased safety and reliability. Autonomous trains are equipped with advance electronic appliances and onboard computer systems in order to provide accurate information about position, speed, and time. The data is collected from sensors that are monitored at control rooms, which in turn enables the autonomous system to make an informed decision.
Rising urbanization in developing countries is boosting the demand for faster and economical trains. This, in turn, is fueling the adoption and incorporation of autonomous trains. Considering these factors, governments across the globe are focusing on adoption of automation in trains. This can be witnessed from the increasing number of rail transit systems. Autonomous trains are expected to witness significant growth owing to their wide variety of applications, which includes metros, subway, and monorails.
Based on components, the LiDAR module segment dominated the autonomous trains components market, and accounted for a prominent share of the market, in terms of revenue. The LiDAR module is a key component of the autonomous train, which performs the function of recognizing obstacles or objects. Emphasis of governments on safer and economical mode of transportation, in order to cater to the demand for efficient transportation, is boosting the autonomous train components market with more reliable and superior components.
The GoA1+ GoA2 segment accounted for a major share of the autonomous trains components market, in terms of automated tracks, globally. The segment is anticipated to expand at a CAGR of 12.2% by 2025. The segment is expected to account for 11598 Km of automated tracks by 2025. The primary reason for the expansion of this segment is the low cost required for automation to this grade of automation. The GoA3 segment is considered as a driverless segment. This segment accounted for 2868 Km and is anticipated to expand at a CAGR of 13.2% during the forecast period. This segment is anticipated to reach 7758.1 Km by 2025. The highest grade of automation, GoA4 is considered as unattended type of train. These trains are highly sophisticated, wherein every operation of the train is performed based on the information available from sensors in real-time. The GoA4 segment accounted for 877 Km in 2016. The segment is anticipated to expand at a CAGR of 13.5% during the forecast period.