Global Train Automation Market Overview:
Automation trains are also known as driverless trains, are operated automatically without any human intervention and are monitored from the control station. It has high growth prospects due to demands for traffic congestion on the road network. In Addition, around 85% of stations on the automated lines are protected with the platform screen doors to ensure the safety of the passengers. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the transportation industry.
- Rising Demand for Secure, Safer and Efficient Transportation
- Increasing Industrialization and Urbanization in the Developing Countries
- Low Energy Consumption and Operational Costs of Autonomous Trains
- Increasing In Freight Transport through Train
- High Possibilities of Hacking the Systems
- Lack of Initial Investments and Requirements of Regular Maintenance Restrain the Market
- Upsurge Improvement in Railway Infrastructure in Developing Countries
- Growing Budget Allocation from Government Bodies
- High Cost Associated with Train Automation Hampers the Growth of the Market
- Lack of Skilled Professionals for Train Automation Activities
Some of the key players profiled in the report are Alstom (France), Siemens (Germany), Bombardier (Canada), Hitachi (Japan), Kawasaki Heavy Industries (Japan), General Electric (Japan), Thales Group (France), Mitsubishi Heavy Industries (Japan), CRRC (China), CAF (China), CalAmp (United States), Beijing Traffic Control Technology (China) and Wabtec Corporation (United States). Considering Market by Train Type, the sub-segment i.e. Passenger Train will boost the Train Automation market. Considering Market by Components, the sub-segment i.e. Camera will boost the Train Automation market. Considering Market by Technology, the sub-segment i.e. CBTC will boost the Train Automation market.
In August 2019, Russian Railways launched a first unmanned automated train in Moscow. It is equipped with communication technology, technical vision tests, remote-controlled based and tested with artificial intelligence.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Train Automation market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Train Automation market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Train Automation Manufacturers, End-Use Market Participants of Different Segments of Train Automation, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.