12.9% CAGR for Autonomous Train Technology Market by 2026 to Hit $15.57 Billion

PORTLAND, Oregon, Oct. 9, 2019 /PRNewswire/ -- The report outlines the potential of the industry and provides statistics and information on market dynamics, growth factors, key challenges, major drivers & restraints, and opportunities for the forecast period. This report is formulated after a detailed research of various key market segments like market size, recent trends, threats & key drivers driving the growth of the market.

The report sheds light on the key factors boosting the growth of autonomous train technology market. These factors include the rise in allocation of budget for development of railways, increase in demand for secure, safe and efficient transport, and reduction in pollution & accidents. Besides this, development in railway infrastructure, particularly in emerging countries, and surge in freight transport through train are predicted to provide rewarding opportunities for the market players in the near future.

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The research report evaluates the ongoing as well as the upcoming performance of the autonomous train technology market. It also offers sound forecasts on market value and volume that can be beneficial for the market players, investors, stakeholders, and new entrants to obtain complete insights and achieve a leading position in the market. The report explains the competitive market structure and offers a deeper understanding of the influencing factors for entry and expansion of the market.

The report discusses the growing popularity of Autonomous Train Technology Market competition by leading market players and market share for every individual player. The top players include Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, General Electric, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., and Thales Group.

The autonomous train technology market is segmented based on grade of automation (GoA), type, technology, component, and region. Grade of Automation includes GoA 1, GoA 2, GoA 3, GoA 4. Based on the type, the report divides the market into passenger train and freight train. Further, by component, the report classifies the market into camera, accelerometer, odometer, tachometer, radio set, and others. Based on technology, the report categorizes the market into CBTC, ERTMS, ATC, and PTC. Rapid developments in the autonomous train technology market report includes regional analysis & forecast for North America, Europe, Asia-Pacific, and LAMEA.

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