Market Share of Hyperloop Technology Industry
Some of the potential key players in the global hyperloop technology market are Hyperloop Transportation Technologies, Space Exploration Technologies Corp., and TransPod Inc. The market is highly driven by factors like partnerships with startups, land availability, and governments' interest across the world.
- In January 2024, ArcelorMittal declared a partnership with the Indian Institute of Technology Madras (IIT Madras) to foster hyperloop advancements, signifying a substantial stride toward enhancing rapid transportation solutions in India and Asia. This collaboration engages two divisions within IIT Madras: Avishkar Hyperloop and TuTr Hyperloop, a startup nurtured within the institute.
- In December 2022, Tata Steel and TuTr Hyperloop signed an agreement to collaboratively engage in advancing and implementing hyperloop technology. The research will specifically target pivotal aspects such as design intricacies and the selection of suitable materials. The joint effort aims to craft, refine, and expand the technology's capabilities to prepare it for market deployment. The initial phase of the project will occur on a 50-meter experimental track located at IIT Madras. The subsequent stages, Phase II and III, will be dedicated to accomplishing a 10-kilometer track and will involve a consortium of additional industry partners from sectors such as automotive, construction, and engineering.
- In March 2022, UK-based Broughton Capital Group, in cooperation with China-East Resources Import & Export Co., agreed in principle to provide a combined USD 550 million finance and Master EPC arrangement, respectively, to accelerate the development of a TransPod Line between Edmonton and Calgary.
Hyperloop Technology Market Leaders
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Hyperloop Transportation Technologies
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Transpod Inc.
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Space Exploration Technologies Group
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AECOM Inc.
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Hardt Global Mobility
*Disclaimer: Major Players sorted in no particular order
