The global autonomous trains technology market is predicted to grow at significant CAGR during the forecast period (2018 to 2025), according to a report available on Radiant Insights, Inc. Growing requirement for secure, well managed, and punctual mode of transportation is anticipated to propel demand for autonomous trains technology. These advanced technologies are likely to offer real-time route planning and train management, on board component status, and operating staff information. In addition, they can also provide communication between trains running parallel. Integration of available data with train control module can prevent accidents.
High demand for autonomous train to cover long distance in less time attributed to train to train and train to server communication can fuel market growth. These technologies can enable trains to measure exact distance between two different trains. Hence, the safe distance between two trains running on same track can be reduced effectively to reduce travel time. In addition, growing concerns regarding passenger and train safety by eliminating factors that can cause accident are likely to surge demand for advanced technology in trains can influence growth of market. Moreover, continual development of advanced electronic components through R&D activities coupled with introduction of less costly and accurate LiDAR technologies can also fuel market growth during the forecast period (2018 to 2022).
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To cater to rising demand for autonomous trains technology, most companies are focusing on R&D activities to develop innovative technologies. For instance, autonomous train designed by mining giant Rio Tinto recently completed its first delivery of 28000 tons of iron ore in Pilbara region of Western Australia.
The autonomous trains technology market can be segregated on the basis of train type, grade of automation (GoA), technology, and region. Based on train type, the market can be segmented into metro, light rail, and bullet train. The train is expected to be controlled by network of computers.
Based on grade of automation, the market can be categorized into GoA1, GoA2, GoA3, and GoA4. GOA1 and GOA2 segments are anticipated to witness significant growth over the forecast period attributed to low cost required for automation of this grade in trains. GoA1 is expected to comprise automatic train protection & operation with driver. Whereas, GoA2 is likely to offer automation train protection, automatic train cruising & stopping, and automation train operation. High demand for safety of passengers is likely to surge demand for implementation of GoA1 and GoA2 in high speed trains.
Based on technology, the market can be classified into communication based train control (CBTC), European railway traffic management system (ERMTS), automatic train control (ATC), and positive train control (PTC).
Regional segmentation includes Europe, North America, and Asia Pacific. Asia Pacific is expected to dominate the market and account for highest market share over the forecast period. Increasing number of high speed and automated trains in Japan, China, and other Pacific countries attributed to high demand can stimulate growth of market in the region. Government of China is likely to focus on development of new automated high speed train tracks. In addition, India recently launched its first driverless train in Delhi and is expected to launch more number of autonomous trains in coming years. This, in turn, is predicted to fuel growth of market in this region over the forecast period.
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In Europe, the market is likely to grow well attributed to implementation of ERMTS across the region by European Union (EU). ERMTS is also witnessing demand in other regions.
In North America, the market is anticipated to witness substantial growth owing to rising adoption of PTC across the region.
Some of the leading companies offering autonomous trains technology are Bharat Forge, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Beijing Traffic Control Technology, and Thales Group.