Autonomous Train Components Market Share 2030

The global Autonomous Train Components Market size is predicted to reach 14.88 billion by 2030 with a CAGR of 11.8%.

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Increasing urbanization is a major force behind the expansion of the autonomous train component market globally. With more individuals relocating to urban centers, the need for effective, sustainable and high-capacity transport systems rise.

Europe dominates the autonomous train components market share and will continue to lead over the forecast period with high investment in railway infrastructure. Governments and the private sector are investing significant amounts to improve existing rail infrastructure, increase highspeed rail corridors, and enhance connectivity in general.