Posted 3/7/2024, 1:38:00 PM
Asia Pacific Leads $12 Billion Global Self-Driving Train Market Set for 5% Annual Growth on Safety Demand
- Global autonomous train market valued at $12.44 billion in 2023, expected to reach $19.33 billion by 2032 with a 5.2% CAGR
- Asia Pacific dominated the market in 2023 with the largest share
- Growth driven by demand for safety, security and efficient transportation
- Camera segment holds the largest market share to ensure safety and reduce accidents
- Key players include ABB, Alstom, Bombardier Transportation, CRCC Corporation, General Electric