The new report by Expert Market Research titled, ‘Global Automatic Train Operation System Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global automatic train operation system market assessing the market based on train-type, GoA-type and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2021-2027)
• Forecast CAGR (2022-2027): 11%
As a result of government funding for the development of technologically superior trains, the global automatic train control market has been pushed forward. In addition, the growing trend of smart cities, hyper-urbanization, rapid population growth, technological advancements for improving passenger comfort, and the rising demand for pollution mitigation and safety are all expected to drive the global market for automatic train control in the coming years.
Industry Definition and Major Segments
An automatic train operating system is a subsystem of automatic train control that aids in the automation of train operations. To name a few functions of the safety-enhancing system – positioning the train, speed restrictions and encoding signals, calculating braking curves, and handling trains of varied lengths, among other things. The Grade of Automation is a metric used to quantify how much work is automated.
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The automatic train operation system industry, by train type, is divided into:
• Mainline
o Passenger
o Freight
• Urban
o High Speed
o Metro
Based on GoA type, the market is segmented into:
• GoA 0
• GoA 1
• GoA 2
• GoA 3
• GoA 4
On the Basis of region, the market can be divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
The market for automatic railway operating systems is expanding due to the increased automation of trains to avoid driver irresponsibility. Furthermore, the automatic train operating system is important for environmental management since it helps to reduce energy consumption by optimising train speed and regenerating energy while braking, which boosts market growth. Additionally, adopting an automatic train operation system saves money by reducing speedups and brakes during train journeys. Furthermore, the system provides passenger safety by controlling the opening and closing of doors, which is propelling the automatic train operation system market forward. Furthermore, government investments in sophisticated mobility solutions, such as hyperloop trains or bullet trains, are accelerating the market for automatic railway control systems.
Key Market Players
The major players in the market are Bombardier, Siemens, Alstom, Toshiba, Tech Mahindra Ltd., Cisco, and Thales Group among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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