Autonomous Train Market Size (2024 - 2029)

Autonomous Train Market Analysis

The Autonomous Train Market size is estimated at USD 9.25 billion in 2024, and is expected to reach USD 12.24 billion by 2029, growing at a CAGR of 5.78% during the forecast period (2024-2029).

Over the long term, growing electrification in the transportation sector will likely provide major growth for the autonomous train market. The introduction of the Internet of Things (IoT) in transportation is a major driver for the autonomous train market. 

• In March 2023, the SNCF, French national railway, with industry partners, announced the launch of two autonomous trains with integrated technologies, such as artificial intelligence.
• The market’s growth is also attributed to other factors, including the government's focus on increasing railway connectivity and increased focus on replacing older rolling stock with advanced, new-generation rolling stocks.

Economies across the world are investing heavily in railway infrastructure development. Government bodies of several countries worldwide have invested heavily to expand their railway connectivity to cater to growing freight and passenger transportation requirements. For instance, at the end of 2023, the total length of railway tracks in China was 159 thousand km, an increase from 155 thousand km at the end of 2022.

Major governments across developed and developing countries, including China, the United States, and Japan, are investing in connected mobility, which may provide significant growth opportunities for the autonomous train market. Asia-Pacific and North America are expected to dominate the autonomous train market during the forecast period. Asia-Pacific has one of the largest rail networks in the world and is expected to show major growth with upcoming projects in the market. For example,

• In January 2024, CRRC announced its plans to introduce the autonomous train to Indonesia, which is planned to be exhibited at the IKN in July 2024. The Indonesian government has been in talks with China Railway Rolling Stock Corporation (CRRC) to use a set of its autonomous trains for Indonesia's new capital, Nusantara or the IKN.

Considering such factors, the market is expected to witness exponential growth in the future.

Autonomous Train Industry Segmentation

An autonomous train is a driverless train that operates without human intervention. Equipped with advanced technology, such as AI and sensors, it navigates, controls speed, and makes decisions on its own. Benefits include improved efficiency, safety, and capacity. However, safety standards and testing are crucial for public integration.

The autonomous train market is segmented by automation grade, application, technology, train type, and geography. By automation grade, the market is segmented by GoA 1, GoA 2, GoA 3, and GoA 4. By application, the market is segmented by passenger and freight. By technology, the market is segmented by CBTC, ERTMS, ATC, and PTC. By train type, the market is segmented into metro/monorail, light rail, and high-speed rail. By geography, the market is segmented by North America, Europe, Asia-Pacific, and Rest of the World.

The report covers the market size in value (USD) for all the above segments.