Owing to factors such as greater responsiveness, resilience to hazards, smoother acceleration, efficient, autonomous mobility, automatic train operation, user-orientated with services, more reliable and flexible service autonomous train braking is experiencing rapid adoption as opposed to traditional train braking thus fostering remarkable progress in the global Autonomous Train Braking System Market.
The Autonomous Train Braking System Market is expected to reach US$ 10,515.7 million during the forecast period at a 3.7% CAGR.
Impact of Covid-19
Because of COVID-19, the governments of all nations proclaimed lockdowns and other restrictions. The mandated rail industry shutdown has affected railway manufacture, and demand for railway transit has also decreased. Furthermore, due to social distance conventions and other constraints, labour was in short supply, causing the production process to be delayed. Furthermore, the R&D for the autonomous train has been hampered due to a lack of experienced labour necessary for software development. As a result, the demand for the automated train braking technology was impacted. Furthermore, the raw materials and electrical components essential for the manufacture of the autonomous train braking system were unavailable, causing the entire process to be halted. The automated train braking system is a developing industry that was interrupted by COVID-19, but it is likely to restart in the post-pandemic era as demand for the product increases.
This report gives a detailed study of the global autonomous train braking system market studying the significant global autonomous train braking system market.
Radar Segment Poised for Rapid Growth in Forecast Years
The global railway collision avoidance system market is classified into radars, RFID, and other on the basis of type. Among these, the radar segment held the largest market share in global autonomous train braking system market. The key factors such as advanced prevention to train accidents, train safety, transit and signal handling, and rising demand of train collision have increased the demand for radar in the global autonomous train braking system market.
Passenger Trains Accounted for Largest Market Share
The global autonomous train braking market is classified into passenger trains and freight trains on the basis of application. Among these, the passenger train accounted for largest market share in global autonomous train braking system market. The extension of the railway network, as well as the rising usage of trains as a preferred form of transportation by commuters, are projected to increase demand for passenger trains.
APAC Is the Most Mature Segment
The autonomous train braking system market is classified into APAC, North America, Latin America, Europe, Africa on the basis of region. Among these, the APAC region held the largest market share on global autonomous train braking system market. The key factors impressive growth of North America in global autonomous train braking system market are, the high adoption of technologically advanced features, integration of computerised systems in railways, increasing GDP. Moreover, the APAC has developing nations like India, Australia, South Korea, China, and Japan. That are investing heavily in advancing the train braking system for offering advanced protection and safety to the passengers.
The rising need for integrating advanced operational capabilities for public and freight rail transport is improving reliance on autonomous train braking.
The factors such rising rail public transport, mobility challenges, increase in travel needs, accelerating modern technologies, profound change in mobility solutions are boosting the global autonomous train braking system market.
The advantages such as smoother acceleration, climate-friendly transit, self-contained rapid transit system, positive train control, automatic train control, automatic train protection, automatic train supervision encourage further adoption of autonomous. These factors collectively influence thumping growth of autonomous train braking market ensuring market size of $10,515.7 million by 2028 with an annualized growth rate of 3.7% through the forecast span 2020 to 2028.
The factors such as growing demand for passenger and freight transportation, increasing safety issues, increasing human errors, increasing congestion is boosting the market growth of global autonomous train braking system market.
The railway sector is expanding globally due to an increase in the number of passengers and freight transit. As a result, governments in the individual nations are allocating massive budgets to improve their current train infrastructure.
Braking is a mechanical process that is used to slow down a moving vehicle. In railroads, the braking system not only decreases the train's ongoing speed but also manages the speed at ideal levels of operation. When compared to other vehicle braking systems, the railway braking system is relatively sophisticated. The primary role of railway braking systems is to stop the train at a set place, the second is to maintain a low speed, and the third is for emergency braking. The compressed air locking system is used in the railway braking system. When the self-driving train approaches the station and contacts the first beacon through a fixed transponder station, the brake sends an order to the train. The on-board computer calculates the braking curve to allow the train to stop at the right place; when the train approaches the platform, the curve is revised numerous times to assure accuracy. Furthermore, emergency braking is offered as a protection in the event that the sensors fail and the train fails to stop.
Increasing demand for railway digitization, autonomous trains, safe and secure transportation systems have propelled the global autonomous train braking system market. However, system failures that result in accidents, the potential of a cyber-attack, and hefty initial investment and maintenance expenses stymie industry expansion. Furthermore, an increase in government investment in railway expansion, train travel, and an effective braking system might serve as a growth potential for the industry.
Some of the drivers driving the expansion of the autonomous train market over the previous decade have been improved energy efficiency, increased safety, and reduced costs. Furthermore, high-speed train mishaps and passenger injuries caused by door operations have resulted in approximately 1900 incidents in Europe alone. This was a serious issue, as this has been the primary region to greatly increase autonomous train deployment. The self-driving trains, dubbed Fluxing or Rejuvenation, will be powered by a railway operating system designed by Chinese experts. As a result, all of these advancements in driverless trains will propel the market for autonomous train braking systems to new s.
Autonomous Braking System in trains reduce the chance of brake lock up significantly, give driver a greater chance of steering, extremely adaptable to any surface, reduces the chance of train sliding significantly as it is entirely electrical and computer driven, it responds to circumstances more quickly. This is furthering the development of global autonomous train braking system market.
The major players in the global autonomous train braking system market are ABB, akebono brake industry, Alstom SA, Amsted Rail, DAKO-CZ, Frenoplast, A.S, Knorr-Bremse AG, NABTESCO, SABRE RAIL SERVICES, and Wabtec among others.
Latest Innovations in the Global Train Braking System Market
Parallel Systems, the startup of former SpaceX engineers are reinventing the freight trains integrating advanced technologies and creating electric freight trains.
Autonomous Train Braking System Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2027||US$ 10,515.7 million|
|Growth Rate||CAGR of 3.7% during 2021-2027|
|Segment Covered||train type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||ABB Ltd.; akebono brake industry Co., Ltd.; Alstom SA; Amsted Rail; DAKO-CZ, A.S; Frenoplast; Knorr-Bremse AG; NABTESCO CORPORATION; SABRE RAIL SERVICES LTD|
Type Overview, 2018-2028 (USD Billion)
Train application, 2018-2028 (USD Billion)
- Passenger trains
- Freight trains
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa