Market Share of Autonomous Train Industry
The autonomous train market is a highly consolidated market owing to the presence of a few major players such as Bombardier, Mitsubishi Heavy Industries, Alstom, Thales, and Siemens AG. Major players are investing in R&D of the equipment to meet international standards, which is likely to witness significant growth for the market.
Some of the major players in the market are adopting various growth strategies such as mergers, acquisitions, collaborations, and agreements to strengthen their position in the market. For instance,
In August 2021, Hitachi Rail STS (Ansaldo) entered into an agreement with the Thales Group to acquire its Ground Transportation System business. This move is expected to fuel growth for Hitachi Rail, expanding its rail signaling systems business and advancing rail automation systems globally.
In March 2021, Mitsubishi Heavy Industries Engineering Ltd (MHI-ENG) and KEOLIS SA formed a consortium and secured a 15-year contract to operate and maintain Dubai's driverless metro and tram networks with the Roads & Transport Authority of Dubai (RTA).
In January 2021, Alstom successfully completed the acquisition of Bombardier Transportation, creating a competitive global manufacturer in mobility and rail transport. This acquisition reflects the company's commitment to promoting greener transportation worldwide.
Autonomous Train Market Leaders
Hitachi Rail STS (Ansaldo)
Alstom SA
Thales Group
Siemens AG
Mitsubishi Heavy Industries Ltd
CRCC Corporation Limited
*Disclaimer: Major Players sorted in no particular order
