Automatic Train Market
The automatic train market is expected to reach USD 10,937.75 million by 2027, registering a CAGR of 5.78%
Digital Transformation is the Future of Driverless Train Technology
- The transformation in the global supply chain industry is creating more challenges for the logistics business with the increasing pressure to deliver fast and flexible services at a lower cost. The increased demand for efficient transportation across the world led to substantial investment in driverless train technology.
- In December 2021, the Indian Prime Minister has flagged off the first driverless metro train in Delhi on the magenta line connecting West Delhi to Noida, later in November 2021, driverless metro operations are begun on the Pink line for a 56 km long network.
- In Aug 2021, Thales and OSCP announced a partnership to develop autonomous rail technology. The companies announced the development of sensing and navigation-based technologies that can be installed in semi-autonomous and autonomous trains.
- In May 2021, SNCF and its partners Alstom, Bosch, Spirops, Thales, and the Railenium Technology Research Institute began testing a modified Regio 2N regional train as a prototype autonomous regional train for France’s rail network. Various sensors, cameras, radars, and lidars were fitted to collect essential data for the project. The company announced that they are aiming to launch autonomous train technology by 2023.
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Key Tendencies & Advancement of the Market
- A standout product of the Mitsubishi Heavy Industries – Transportation sector is the rubber-tired Automated Guideway Transit (AGT) system. More than 500 of these vehicles have been delivered domestically and overseas.
- In September 2021, Mitsubishi Heavy Industries Engineering partnered in a new concession of Dubai Metro and Dubai Tram in a joint venture with Keolis and Mitsubishi Corp.
- Alstom SA is one of the leading players in the world rail transport industry. In May 2021, the company also conducted the first trial of automated trains in France. The company also announced that the system would be launched in 2023.
- Asia-Pacific has one of the largest rail networks globally and is expected to show the highest growth in the automatic train market. Countries such as India, China, and Japan have among the longest stretch of railways.
- The Indian rail market has witnessed steady growth. The installed base of metro-rail rolling stock in India is expected to increase to 5,458 railcars by 2023, owing to the huge demand for commuter transportation in metropolitan cities.
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Major Advancements & Innovations in Global Automatic Train Market
- In Dec 2021 Alstom, a French multinational company assembled a fully automated driverless metro train in Karnataka, India. The train is automated with automatic LED lighting. The train has been developed for Sydney, Australia metro project by Alstom.
- In Oct 2021 Deutsche Bahn (DB) and Siemen Mobility came under a strategic partnership to develop the world’s first autonomous train that can be operated automatically through railway traffic. The train is fully controlled by digital technology with the total cost incurred in the project valued at USD 60 million.
- In August 2021, Hitachi Rail STS (Ansaldo) entered an agreement with the Thales Group to acquire the Ground Transportation System business of the Thales Group company.
- In May 2021, ALSTOM SA company also conducted the first trial of automated trains in France and they also announced that the system would be launched in 2023.
