According to a market report by Lucintel, the future of the autonomous train market looks promising with opportunities in the tram, suburban, monorail, light rail, and high-speed rail. The autonomous train market is expected to grow with a CAGR of 13% from 2019 to 2024. The major drivers for this market are increasing demand for efficient transportation with a high level of safety, increased budget allocations for the development of railway systems and infrastructure, and continuous research and development in the automation technology.
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Within the autonomous train market, passenger and freight are the major end use industries. Passenger is the largest end use segment for autonomous trains.
GoA1 + GoA2, GoA3, and GoA4 are the major grade type segments of the autonomous train market.
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Asia Pacific will remain the largest region over the forecast period due to increasing infrastructural development, increase in government spending on the transportation sector, and ongoing/upcoming projects in various countries.
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Thales Group, Alstom, Hitachi, Bombardier Transportation, Ansaldo STS, SIEMENS, Mitsubishi Electric, and CRRC, are among the major manufacturers of autonomous trains.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the autonomous train market by train type, by technology, by grade, by component, by application, and by region. Lucintel has prepared a comprehensive research report titled “Autonomous Trains Market 2019-2024: Trends, Forecast, and Opportunity Analysis“. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the autonomous train market by train type, by technology, by grade, by component, by application, and by region as follows:
By Train Type [$M shipment analysis for 2013 – 2024]
- Long distance train
By Technology [$M shipment analysis for 2013 – 2024]
By Grade [$M shipment analysis for 2013 – 2024]
- GoA1 + GoA2
By Component [$M shipment analysis for 2013 – 2024]
- Radio Set
By Application [$M shipment analysis for 2013 – 2024]
By Region [$M shipment analysis for 2013 – 2024]
- North America
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/autonomous-trains-market.aspx or email@example.com.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global autonomous trains market by train type (long distance train, suburban, tram, monorail, subway/metro), by technology (CBTC, ERTMS, PTC, and ATC), by grade (GoA1+GoA2, GoA3, GoA4), by component (tachometer, doppler, accelerometer, camera, antenna, and radio set), by application (passenger, and freight), and by region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the autonomous trains market?
Q.5 What are the business risks and threats to the autonomous trains market?
Q.6 What are emerging trends in this autonomous trains market and the reasons behind them?
Q.7 What are some changing demands of customers in the autonomous trains market?
Q.8 What are the new developments in the autonomous trains market? Which companies are leading these developments?
Q.9 Who are the major players in this autonomous trains market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this autonomous trains area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this autonomous trains market?
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