The market for autonomous trains consists of sales of autonomous trains, which are automatic train protection (ATP) system enabled, helps the train to automatically stop at signals with speed control. The trains are designed with high powered cameras, latest sensors, GPS data, and onboard computer systems. The data is collected from sensors and monitored at control rooms which enables the autonomous system to make an informed decision.
The global autonomous trains market is expected to decline from $8.33 billion in 2019 to $7.32 billion in 2020 at a compound annual growth rate (CAGR) of -12.16%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. The market is then expected to recover and reach $9.69 billion in 2023 at CAGR of 9.8%.
