Autonomous Trains Components Market Expected to Surpass Global Market Revenue of US$ 0.35 Bn by 2025
According to a new market report published by Transparency Market Research “Autonomous Trains Components Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025. According to the report, the global autonomous trains components market is expected to expand at a CAGR of more than 8.0 % during the forecast period. In railway transport systems, autonomous trains are a highly sophisticated technology, which offers a significantly less polluting and economical mode of transportation. Therefore, governments of various nations are focusing on the development of autonomous trains. Adoption of automation in trains is likely to boost the autonomous trains components market during the forecast period due to rising government support. Key drivers of the autonomous trains components market are increasing demand for safety, reduction in pollution, and government support. Currently, in emerging autonomous trains, operations are monitored and controlled automa...