Transparency Market Research (TMR) observes that players in the global autonomous trains market are
engaged in cutthroat competition. As the autonomous trains market have
huge growth potential, players are trying their hands in getting higher
share in the market. Leading players are focusing on research and
development activities and are coming up with innovative solutions to
attract large customers. Moreover, growing emphasis by authorities to
automate railways, and the bright future of the automation has
encouraged players to invest substantial amount in this market.
Additionally, players are extensively
focusing on mergers and acquisition, partnership, collaboration, and
expansion. Currently, some of the prominent players in the global
autonomous trains market are Ansaldo STS, Thales Group, Mitsubishi
Electric, Hitachi, Alstom, Siemens, Bombardier Transportation, and CRRC
Corp. Ltd.
On the basis of train type, highest
demand is seen in subway/metros segment as compared to the other train
types. Subways/ metros are considered reliable, efficient, and
affordable mode of transport. Benefits of subways/metros are that it has
high capacity and short travel time, which has increased its demand at a
significant rate. However, demand for suburban trains is also
increasing at a high rate. With respect to geography, Asia Pacific is
expected to hold largest share in the global autonomous trains market.
Rapid economic development, increasing use of advanced technologies
through government support, and larger number of laying train track are
some of the major factors that made Asia Pacific a prominent region in
this market.
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Growing Demand for Metros and Monorails to Bolster Market Performance
Increased budget allocations for the
development of railways and growing focus on safety and service benefits
for onboard passengers are the key reasons driving growth in the global
autonomous trains market. Moreover, government across nations are
emphasizing on using advanced techniques to provide best of facilities,
reduce travel time, and ensure safety of travelers these factors have
also augmented demand in the global autonomous trains market.
Railways are considered least polluting
mode of transport that is why governments and various private companies
are also making significant efforts to improve and advance trains.
Rising preference to travel in metros and monorails has gained traction
especially in urban areas. In addition, development of autonomous
freight trains and low operational cost and energy consumption are other
contributing factor augmenting growth in the global autonomous trains
market.
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