Automation is trending in the automotive and transportation industry. Freight trains are utilized for transportation of goods and commodities over a long distance. Safety and punctuality of freight train is of high importance and hence, autonomous trains that are preferred for passenger transport, are being utilized for freight transportation. Demand for autonomous freight trains from private freight transporting companies is anticipated to rise in the near future. Adoption of automation in passenger transporting trains, such as metro, suburban, and monorails, is rising in order to enhance safety and eliminate the number of fatal injuries occurring in train accidents. Moreover, freight transporting trains are also witnessing a rise in automation, in order to avoid accidents, crash with passenger trains, and loss of freight, which in turn is fueling the global autonomous freight trains market.

Enhanced safety of the freight being transported, reduced accidental rate, increased punctuality of the trains, and overall reduction in time required for transportation are primarily driving the global autonomous freight trains market. Autonomous trains are capable of detecting possible crash and component failure, which enables autonomous trains to take corrective action, such as braking and alerting the driver of the onboard crew members. Autonomous trains continuously monitor component-related data provided by the control unit. Based on that data, alert is prompted in order to take corrective measures. Elimination of onboard crew, increase in component life, and reduction of overall expenditure are prominent factors driving the global autonomous trains market.

The high initial cost of building infrastructure is a major factor restraining the global autonomous freight trains market. Moreover, complete or marginal changes in infrastructure are required for proper implementation of autonomous trains, which increases the initial cost.

The global autonomous freight trains market can be segmented based on grades of automation (GoA), ownership type, signaling and communication technology, and region. In terms of grades of automation, the global autonomous freight trains market can be divided into four segments. GoA 1 and GoA 2 trains are partially automated. These trains includes several automated operations, such as automatic train protection, automatic train operation, setting train in motion, and stopping the train. All these operations are performed under the driver’s supervision and onboard crew members’ surveillance. Rise in grade of automation leads to an increase in number of autonomous operations. Considering the exhaustive changes required for shifting to GoA 3 and GoA 4, freight train operating bodies are preferring for GoA 1 and GoA 2 levels of train automation, in order to enhance safety and punctuality.

Based on ownership type, the global autonomous freight trains market can be classified into two segments. Rate of adoption of automation in privately operated freight trains is considerably high. Private freight train operators prefer the incorporation of autonomous systems in their trains in order to reduce overall expenditure over halting the train, component maintenance, crash, and train derailment.

Based on signaling and communication system, the global autonomous freight trains market can be segregated into four segments. European Rail Traffic Management System (ERTMS) is deployed across Europe. The rail traffic management system has been proven to be a reliable technology in order to avoid train crashes and enhance train punctuality. Positive Train Control (PTC) is a technology that is adopted by countries in North America.

In terms of region, the global autonomous freight trains market can be segmented into five prominent regions. Rio Tinto, a leading global mining and metal corporation, based in Australia, recently launched the world’s first self-driving freight train. The train successfully ran for 60 miles without human interruption. Governments of China and India are focused on adoption of advanced train technologies in order to enhance train safety and reduce unnecessary expenses over train crash and maintenance. Therefore, governing bodies across the globe are expected to adopt the autonomous freight train technology, intensively. Asia Pacific leads the global autonomous freight trains market, which is attributed to the government initiative for automated transportation and increased demand for passenger and train safety.

The global autonomous freight trains market comprises key players such as Bombardier Transportation, Siemens AG, Thales Group, Alstom, Mitsubishi Electric, CRRC Corporation limited, Hitachi Ltd., and Ansaldo STS.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Autonomous Freight Trains Market

Pre Book