According to a market report published by thetechnologymarket.com and Transparency Market Research, “Autonomous Trains Technology Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”, the global autonomous trains market is projected to expand by on average 12.7% a year in the forecast period 2017-2025.
According to the report, “autonomous cars are trending in the market because they prove to be efficient in reducing the number of accidents and fatal injuries owing to the incorrect decisions taken by the driver”.
The report also states that “high cost of infrastructure installation, components, and technologies is a key factor restraining the autonomous train market. The rail industry being the lifeline in populated countries such as China, India, and Japan, they have witnessed significant development in the field of automatic railways, thereby boosting the market in these countries”.
Currently, there are few fully autonomous trains. Based on grade of automation, the GoA1 and GoA2 level segments dominate the autonomous trains market, the report states.