Report ID: SQMIG25C2157
Report ID:
SQMIG25C2157 |
Region:
Global |
Published Date: December, 2024
Pages:
197
|
Tables:
89 |
Figures:
66
Global Autonomous Train Market size was valued at USD 9.22 Billion in 2022 and is poised to grow from USD 9.8 Billion in 2023 to USD 15.5 Billion by 2031, at a CAGR of 5.9% during the forecast period (2024-2031).
Growing demand for automation in public transportation and rising investments in railway infrastructure development are projected to bolster the demand for autonomous trains going forward. Increasing efforts to maximize fuel efficiency and reduce operational expenses are also expected to create new opportunities for autonomous train companies in the future. High demand for sustainable public transportation and advancements in train automation technologies are also boosting the global autonomous train market outlook. On the contrary, high initial investments, cybersecurity risks, complexity in integration, and regulatory challenges are estimated to impede the adoption of autonomous trains over the coming years. Developing countries are expected to present new opportunities for autonomous train companies as they invest heavily in railway infrastructure development to promote economic growth. Growing demand for high-speed rail connectivity around the world is also estimated to promote the sales of autonomous trains and its components through 2031.
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Report ID: SQMIG25C2157