Autonomous Train Components Global Market Report 2024

The autonomous train components market size has grown rapidly in recent years. It will grow from $4.83 billion in 2023 to $5.65 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth observed in the historic period can be attributed to several factors, including the increased development of monorails, significant government investments in rail infrastructure, growing investment in smart city initiatives, the recognized safety and operational benefits of rail systems, and the ongoing trend of urbanization.

The autonomous train components market size is expected to see rapid growth in the next few years. It will grow to $9.86 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The projected growth in the forecast period can be attributed to various factors, including the expanding role of autonomous trains in mining logistics, rising demand for safer and more efficient transportation solutions, the increased adoption of GoA 4 technology, growing demand for rapid transit systems, and overall economic growth. Significant trends anticipated during this period include the integration of the Internet of Things (IoT) in transportation networks, the application of advanced technologies such as artificial intelligence and machine learning, continuous technological advancements, a surge in partnerships among industry players, and a flurry of product launches to meet evolving market demands.

The burgeoning trend towards railway electrification is poised to propel the expansion of the autonomous train components market in the foreseeable future. Railway electrification entails the conversion of diesel-powered train systems to electric operation, typically through overhead lines or third rails. This transition offers a plethora of advantages including reduced emissions, heightened efficiency, and enhanced alignment with global sustainability initiatives. Autonomous train component systems play a pivotal role in maximizing the benefits of electrified railways by optimizing energy consumption, bolstering safety measures, and streamlining operational efficiency. These systems leverage various technologies to regulate acceleration and braking, as well as maintain optimal spacing between trains, thereby mitigating risks such as collisions, overspeeding, and other safety concerns on electrified railway networks. Notably, recent statistics from Eurostat indicate a notable uptick in the number of electrically-powered railcars in France, reaching 7,113 in February 2024 from 7,081 in 2021 and 6,908 in 2020. Similarly, Sweden witnessed a surge to 2,889 electric railcars in 2022, reflecting a growth rate of 25.99% compared to 2,291 in 2021.

Prominent players within the autonomous train component market are strategically concentrating on integrating cutting-edge technologies, particularly train control and supervision systems, to gain a competitive edge. These systems are specifically engineered for the operation and oversight of trains within rail-based transportation networks. For instance, in February 2023, Bharat Electronics Limited, in collaboration with the Delhi Metro Rail Corporation (DMRC), introduced the Indigenous-Automatic Train Supervision (i-ATS) system. This domestically developed train control and supervision system is meticulously designed to augment the overall efficiency and safety of train operations. The i-ATS system stands out for its ability to elevate operational standards and safety protocols across railway networks, notably within the Indian railway ecosystem. Furthermore, its adaptable nature enables seamless integration with various signaling vendor systems through appropriate modifications.

In January 2021, Alstom SA, a France-based developer of transport systems, successfully acquired Bombardier Transportation for an undisclosed sum. This strategic acquisition is geared towards bolstering Alstom's market position by expanding and diversifying its rail product portfolio. The primary objective is to enhance Alstom's capability to provide comprehensive and sustainable mobility solutions within the rail transportation market. Bombardier Transportation, headquartered in Germany, is a leading rail technology company involved in the manufacturing of autonomous train components.

Major companies operating in the autonomous train components market are Siemens AG, ZF Friedrichshafen AG, Mitsubishi Heavy Industries Ltd, Thales Group, Alstom SA, Kawasaki Heavy Industries, CRRC Corporation Limited, Wabtec Corporation, Bombardier Transportation, Construcciones y Auxiliar de Ferrocarriles (CAF), Westinghouse Air Brake Technologies Corporation (Wabtec), Yutong Bus Co. Ltd., Ansaldo STS, Navya SA, Nuro Inc., Udelv Inc, Ingeteam Corporation SA, Otiv BV, CASCO Signal Ltd., 4AI Systems Pty Ltd, Electric & Hybrid Rail Technology, Infotrans Engineers Private Limited, Bahnen der Stadt Monheim GmbH, Local Motors Inc., EasyMile SAS.

Asia-Pacific was the largest region in the autonomous train components market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous train components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the autonomous train components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Autonomous train components encompass technological elements integrated into trains, facilitating autonomous or semi-autonomous operations without direct human intervention. These components enhance safety, efficiency, and reliability in rail transportation by reducing human error, optimizing train performance, and enabling advanced functionalities such as autonomous braking, accident avoidance, and adaptive cruise control.

Key components of autonomous trains include radio detection and ranging (RADAR) modules, optical sensors and cameras, odometers, antennas, light detection and ranging (LiDAR) modules, infrared cameras, among others. RADAR modules utilize radio waves to detect and locate objects by analyzing their reflection times. They find application across various train types, including long-distance trains, suburban trains, trams, monorails, and subways. Different grades of automation (GoA) such as GoA1+, GoA2, GoA3, and GoA4 are available, catering to different levels of automation in train operations.

The autonomous train components research report is one of a series of new reports that provides autonomous train components market statistics, including the autonomous train components industry's global market size, regional shares, competitors with an autonomous train components market share, detailed autonomous train components market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous train components industry. This autonomous train components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The autonomous train components market consists of sales of GPS (Global Positioning System) modules, control computers, actuators, maintenance monitoring systems, and power management systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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