Global Superfast Transport System Market

Global Superfast Transport System Market: Focus on Components, Ecosystem and Leading Companies - Analysis and Forecast (2020, 2024, and 2028)

The global superfast transport system market is expected to be valued at $2,086.5 million in 2020 and is expected to reach $55,693.5 million by 2024, growing at a CAGR of 127.30% between 2020 and 2024.

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Published Year: 2018
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The four modes of transport which have been extensively developed and used for passenger and freight transport since the advent of 20th century includes roadways, railways, airways, and seaways. However, with the ever-increasing travelling population and growing requirement for efficient mode of transportation system which can reduce travel time between cities, Elon Musk suggested a fifth mode of transport “Hyperloop” in 2013 which provides advantages such as quick transport of passengers and freight from origin to destination on-demand. Some of the important criteria which influence the superfast transport system are socio-economic condition, commuter lifestyle, acceptance of technology, demographic conditions, infrastructure availability, and global economic conditions.

As the transportation industry is experiencing higher pressure due to the exponential growth in travelling population, it has led to drastic changes in the transport infrastructure causing emergence of transportation technologies such as hyperloop, autonomous vehicles, and air taxis among others to make public transport more economical and efficient. As, superfast transport system is the futuristic form of modern transportation, it is expected to have a complex ecosystem of raw material suppliers, technology providers, design & construction firms, government agencies and service providers working together to create a more sustainable transport solution. Since the market is currently at a very nascent stage, it lacks proper understanding and regulatory mandates which is expected to slow its adoption rate. With the formation of consortia or association, the pace of innovation is expected to increase, facilitating  convenient knowledge transfer among technology providers, and rise in collaboration of governmental agencies and regulatory authorities to lay down guidelines and legal framework.

The report addresses the following questions in the context of superfast transport system market:

•    What is superfast transport system market?
•    What is the market structure for superfast transport system in optimistic, pessimistic and neutral scenario?
•    What are the major factors impacting the market positively and negatively during 2020, 2024 and 2028?
•    What is the potential ecosystem for the superfast transport system?
•    What are the key projects and innovations in global superfast transport system market?
•    Which are key players in the superfast transport system market?
•    What is the forecast global market value for the period 2020, 2024 and 2028?

The market is expected to grow about 127 times from 2020 to 2024 and 14 times between 2024 and 2028 when optimistic view is considered. The growth of the market is expected to be attributed by the rising investment in countries such as China, India, the U.A.E. and the U.S., among others. The market for superfast transport system is mainly driven by advantages of superfast transport which can overpower the existing mode of transport such as railways, airways and personal vehicle or any other public means of transport. However, technical challenges such as maintaining low pressure vacuum inside the tube, development of pods which can accommodate passengers as well as cargo at high speed and safety concerns of passengers in case of technical failure while travelling are expected to hamper the overall growth of the superfast transport system market during the forecast period. Increased congestion and increased consumption of fuel across the globe is expected to create great opportunities for the superfast transport systems between 2020 and 2028 as they are expected to reduce congestions and are anticipated to be eco-friendlier as compared to other modes of transport.

   Executive Summary
   1    Megatrends for Superfast Transport
         1.1   Megacities
         1.2   Demographic Changes
         1.3   Climate Change
         1.4   Smart and Integrated Mobility
         1.5   Technology
         1.6   Energy & Resource
 
   2   Market Dynamics
        2.1   Market Drivers
                2.1.1   Advantages of Hyperloop Technology
                2.1.2   Rising Interest of Companies and Government Bodies
        2.2   Market Opportunities
                2.2.1   Increasing Congestion in Global Transport and Increased Consumption of Energy Resources
        2.3   Market Restraints
                2.3.1   Technical Challenges
 
   3   Competitive Insights
        3.1   Key Strategies and Developments
                3.1.1   Investments
                3.1.2   Partnerships, & Collaborations
                3.1.3   Product Development
                3.1.4   Business Expansion
 
   4   Industry Analysis
        4.1   Government Initiatives
        4.2   Consortiums and Associations
        4.3   Ecosystem Analysis
                4.3.1   Raw Material Suppliers
                4.3.2   Technology Providers
                4.3.3   Design & Construction Firms
                4.3.4   Government Agencies
 
   5   Components in Superfast Transport System
        5.1   Introduction
                5.1.1   Tube
                5.1.2   Pods
 
   6   Superfast Transport System Market Analysis and Forecast
         6.1   Assumptions and Limitations
         6.2   Market Overview
         6.3   Asia-Pacific
         6.4   Europe
         6.5   North America
                 6.5.1   Proposed Los Angeles to San Francisco Route
         6.6   Rest-of-the-World
 
   7   Company Profiles
        7.1   Overview
        7.2   AECOM
                7.2.1   Company Overview
                7.2.2   Financials
                           7.2.2.1   Financial Summary
        7.3   Arrivo
                7.3.1   Company Overview
                           7.3.1.1   Corporate Summary
        7.4   Dinclix GroundWorks Global Limited
                7.4.1   Company Overview
                           7.4.1.1   Corporate Summary
        7.5   Hyperloop One
                7.5.1   Company Overview
                           7.5.1.1   Corporate Summary
        7.6   Hyperloop Transport Technologies
                7.6.1   Company Overview
                           7.6.1.1   Corporate Summary
        7.7   Space Exploration Technologies Corp. (SpaceX)
                7.7.1   Company Overview
                           7.7.1.1   Corporate Summary
        7.8   TransPod
                7.8.1   Company Overview
                           7.8.1.1   Corporate Summary
        7.9   Delft Hyperloop
                7.9.1   Company Overview
                           7.9.1.1   Corporate Summary
       7.10  EPFLoop
                7.10.1   Company Overview
                              7.10.1.1   Corporate Summary
       7.11  Hyperloop India
                7.11.1   Company Overview
                             7.11.1.1   Corporate Summary
       7.12  Paradigm Hyperloop
                7.12.1   Company Overview
                             7.12.1.1   Corporate Summary
       7.13  WARR
                 7.13.1.1   Corporate Summary
 
   8   Report Scope & Methodology
        8.1   Scope of the Report
        8.2   Superfast Transport System Market Research Methodology
 

List of Tables

Table 2.1    Comparison of Capital Costs by Transportation Mode
Table 2.2    Few Hyperloop Projects and Government Partnerships
Table 2.3    Peak Hours Spent in Congestion by Population in 2017
Table 3.1    Investments
Table 3.2    Partnerships & Collaborations
Table 3.3    Product Development
Table 3.4    Business Expansion
Table 4.1    Government Initiatives
Table 4.2    Examples of Some Associations and Consortia
Table 6.1    Global Market for Superfast Transport System (Neutral Scenario),  2020, 2024, and 2028
Table 6.2    Global Market for Superfast Transport System, (Optimistic Scenario) 2020, 2024, and 2028
Table 6.3    Global Market for Superfast Transport System (Pessimistic Scenario),  2020, 2024, and 2028
Table 6.4    Suggested Stations and Their Population

List of Figures

Figure 1    Advantages of Superfast Transport System
Figure 2    Superfast Transport System Market Snapshot, $ Million, 2020, 2024, and 2028
Figure 3    Market Scenario’s
Figure 4    Ecosystem Contribution
Figure 5    Percentage Share of Components in terms of Value, 2020
Figure 6    Impacts of Superfast Transport System
Figure 1.1    Factors Driving the Superfast Transport Industry
Figure 2.1    Market Drivers – Impact Analysis
Figure 2.2    Market Opportunities – Impact Analysis
Figure 2.3    Market Restraints – Impact Analysis
Figure 2.4    Top Speed Attained by Different Modes of Transport
Figure 2.5    Travel Time by Various Means of Transport
Figure 2.6    Energy Consumption
Figure 2.7    Pressure Exerted at Different Altitudes
Figure 2.8    Pressure Experienced by the Cross-Sectional View
Figure 2.9    Spontaneous Decompression Caused Due to Puncture in the Tube
Figure 2.10    Fatal Collisions Due to Spontaneous Decompression
Figure 2.11    Thermal Expansion in Steel Hyperloop Tube
Figure 3.1    Organic & Inorganic Strategies Adopted by the Key Players
Figure 4.1    Ecosystem for the Superfast Transport
Figure 5.1    Advantages of Superfast Transport System
Figure 5.2    Global Superfast Transport System Market, by Component
Figure 5.3    Cost of Construction for Tubes, in Percentage
Figure 5.4    Cost of Construction for Passenger and Freight Pods, in Percentage
Figure 6.1    Global Market for Superfast Transport System (Neutral Scenario),  2020, 2024, and 2028
Figure 6.2    Global Market for Superfast Transport System (Optimistic Scenario),  2020, 2024, and 2028
Figure 6.3    Global Market for Superfast Transport System (Pessimistic Scenario),  2020, 2024, and 2028
Figure 6.4    Major Superfast Transport System Projects
Figure 6.5    Greenhouse Gas Emission from Transport by Mode, 2014
Figure 6.6    Losses Due to Ineffective Transport Infrastructure
Figure 6.7    Mode of Transport Used by Residents of California
Figure 6.8    Overview of Hyperloop Route from Los Angeles to San Francisco
Figure 6.9    Time vs Velocity Curve for Los Angeles to San Francisco
Figure 6.10    Time vs Distance Curve for Los Angeles to San Francisco
Figure 7.1    Profiles by Ownership Type
Figure 7.2    AECOM: Overall Financials, 2015-2017
Figure 7.3    AECOM: Net Revenue by Business Segment, 2015-2017
Figure 7.4    AECOM: Net Revenue by Region, 2015-2017
Figure 8.1    Global Superfast Transport System Market Scope
Figure 8.2    Superfast Transport System Research Methodology
Figure 8.3    Secondary Data Sources
Figure 8.4    Top Down and Bottom Up Approaches
Figure 8.5    Superfast Transport Systems Market Influencing Factors
Figure 8.6    Superfast Transport Systems Market Influencing Factors

The report offers insight on “how” the superfast transport system can transform the transportation industry during 2020, 2024 and 2028. Superfast transport system defines the growing need for faster, cheaper and safer mode of transport which will reduce travel time between two cities exponentially. The foremost factor for the rise in demand of the superfast transport system is mainly attributed to the advantages such as resistance from weather, collision free, and low power consumption as compared to traditional modes of transport. Superfast transport system is expected to cater to a huge customer base by gaining on the point of providing a convenient and faster mode of transport. However, as the technology has not been completely developed and tested for passengers and freights transport, implementation of the hyperloop technology as superfast transport system is expected to take a few years.

The following figure depicts the estimated value for 2020 and the forecast value for 2024 in a global superfast transport system market scenario.

Global Superfast Transport System Market

Source: Secondary Research, Expert Interviews, and BIS Research Analysis

The global superfast transport system market is expected to be valued at $2,086.5 million in 2020 and is expected to reach $55,693.5 million by 2024, growing at a CAGR of 127.30% between 2020 and 2024. Rising government interest to develop advanced transport infrastructure with a view to regulate growing traffic and avoiding congestions on highly developed trade routes is the major factor driving the market for superfast transport system.

The market for superfast transport system is expected to develop significantly in the coming decade and much has been attributed to the ongoing research and development in this field. With the increasing popularity of superfast transport system in countries such as the U.S., China, India, Ukraine, and U.A.E due to its advantages over other modes of transport, the transport industry is expected to transform rapidly paving the way for the growth of superfast transport system market. In addition, with the changing economic scenario, the countries need to advance their transport infrastructure to cater to the growing population. However, as the market is still in nascent stage, the growth solely relies on the development and implementation of superfast transport in the ongoing projects. As a result, a number of opportunities are expected to emerge for other market players who are willing to bear the high investment involved.

Figure
Advantages of Superfast Transport System

Global Superfast Transport System Market

Source: Secondary Research, Expert Interviews, and BIS Research Analysis

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The four modes of transport which have been extensively developed and used for passenger and freight transport since the advent of 20th century includes roadways, railways, airways, and seaways. However, with the ever-increasing travelling population and growing requirement for efficient mode of transportation system which can reduce travel time between cities, Elon Musk suggested a fifth mode of transport “Hyperloop” in 2013 which provides advantages such as quick transport of passengers and freight from origin to destination on-demand. Some of the important criteria which influence the superfast transport system are socio-economic condition, commuter lifestyle, acceptance of technology, demographic conditions, infrastructure availability, and global economic conditions.

As the transportation industry is experiencing higher pressure due to the exponential growth in travelling population, it has led to drastic changes in the transport infrastructure causing emergence of transportation technologies such as hyperloop, autonomous vehicles, and air taxis among others to make public transport more economical and efficient. As, superfast transport system is the futuristic form of modern transportation, it is expected to have a complex ecosystem of raw material suppliers, technology providers, design & construction firms, government agencies and service providers working together to create a more sustainable transport solution. Since the market is currently at a very nascent stage, it lacks proper understanding and regulatory mandates which is expected to slow its adoption rate. With the formation of consortia or association, the pace of innovation is expected to increase, facilitating  convenient knowledge transfer among technology providers, and rise in collaboration of governmental agencies and regulatory authorities to lay down guidelines and legal framework.

The report addresses the following questions in the context of superfast transport system market:

•    What is superfast transport system market?
•    What is the market structure for superfast transport system in optimistic, pessimistic and neutral scenario?
•    What are the major factors impacting the market positively and negatively during 2020, 2024 and 2028?
•    What is the potential ecosystem for the superfast transport system?
•    What are the key projects and innovations in global superfast transport system market?
•    Which are key players in the superfast transport system market?
•    What is the forecast global market value for the period 2020, 2024 and 2028?

The market is expected to grow about 127 times from 2020 to 2024 and 14 times between 2024 and 2028 when optimistic view is considered. The growth of the market is expected to be attributed by the rising investment in countries such as China, India, the U.A.E. and the U.S., among others. The market for superfast transport system is mainly driven by advantages of superfast transport which can overpower the existing mode of transport such as railways, airways and personal vehicle or any other public means of transport. However, technical challenges such as maintaining low pressure vacuum inside the tube, development of pods which can accommodate passengers as well as cargo at high speed and safety concerns of passengers in case of technical failure while travelling are expected to hamper the overall growth of the superfast transport system market during the forecast period. Increased congestion and increased consumption of fuel across the globe is expected to create great opportunities for the superfast transport systems between 2020 and 2028 as they are expected to reduce congestions and are anticipated to be eco-friendlier as compared to other modes of transport.

   Executive Summary
   1    Megatrends for Superfast Transport
         1.1   Megacities
         1.2   Demographic Changes
         1.3   Climate Change
         1.4   Smart and Integrated Mobility
         1.5   Technology
         1.6   Energy & Resource
 
   2   Market Dynamics
        2.1   Market Drivers
                2.1.1   Advantages of Hyperloop Technology
                2.1.2   Rising Interest of Companies and Government Bodies
        2.2   Market Opportunities
                2.2.1   Increasing Congestion in Global Transport and Increased Consumption of Energy Resources
        2.3   Market Restraints
                2.3.1   Technical Challenges
 
   3   Competitive Insights
        3.1   Key Strategies and Developments
                3.1.1   Investments
                3.1.2   Partnerships, & Collaborations
                3.1.3   Product Development
                3.1.4   Business Expansion
 
   4   Industry Analysis
        4.1   Government Initiatives
        4.2   Consortiums and Associations
        4.3   Ecosystem Analysis
                4.3.1   Raw Material Suppliers
                4.3.2   Technology Providers
                4.3.3   Design & Construction Firms
                4.3.4   Government Agencies
 
   5   Components in Superfast Transport System
        5.1   Introduction
                5.1.1   Tube
                5.1.2   Pods
 
   6   Superfast Transport System Market Analysis and Forecast
         6.1   Assumptions and Limitations
         6.2   Market Overview
         6.3   Asia-Pacific
         6.4   Europe
         6.5   North America
                 6.5.1   Proposed Los Angeles to San Francisco Route
         6.6   Rest-of-the-World
 
   7   Company Profiles
        7.1   Overview
        7.2   AECOM
                7.2.1   Company Overview
                7.2.2   Financials
                           7.2.2.1   Financial Summary
        7.3   Arrivo
                7.3.1   Company Overview
                           7.3.1.1   Corporate Summary
        7.4   Dinclix GroundWorks Global Limited
                7.4.1   Company Overview
                           7.4.1.1   Corporate Summary
        7.5   Hyperloop One
                7.5.1   Company Overview
                           7.5.1.1   Corporate Summary
        7.6   Hyperloop Transport Technologies
                7.6.1   Company Overview
                           7.6.1.1   Corporate Summary
        7.7   Space Exploration Technologies Corp. (SpaceX)
                7.7.1   Company Overview
                           7.7.1.1   Corporate Summary
        7.8   TransPod
                7.8.1   Company Overview
                           7.8.1.1   Corporate Summary
        7.9   Delft Hyperloop
                7.9.1   Company Overview
                           7.9.1.1   Corporate Summary
       7.10  EPFLoop
                7.10.1   Company Overview
                              7.10.1.1   Corporate Summary
       7.11  Hyperloop India
                7.11.1   Company Overview
                             7.11.1.1   Corporate Summary
       7.12  Paradigm Hyperloop
                7.12.1   Company Overview
                             7.12.1.1   Corporate Summary
       7.13  WARR
                 7.13.1.1   Corporate Summary
 
   8   Report Scope & Methodology
        8.1   Scope of the Report
        8.2   Superfast Transport System Market Research Methodology
 

List of Tables

Table 2.1    Comparison of Capital Costs by Transportation Mode
Table 2.2    Few Hyperloop Projects and Government Partnerships
Table 2.3    Peak Hours Spent in Congestion by Population in 2017
Table 3.1    Investments
Table 3.2    Partnerships & Collaborations
Table 3.3    Product Development
Table 3.4    Business Expansion
Table 4.1    Government Initiatives
Table 4.2    Examples of Some Associations and Consortia
Table 6.1    Global Market for Superfast Transport System (Neutral Scenario),  2020, 2024, and 2028
Table 6.2    Global Market for Superfast Transport System, (Optimistic Scenario) 2020, 2024, and 2028
Table 6.3    Global Market for Superfast Transport System (Pessimistic Scenario),  2020, 2024, and 2028
Table 6.4    Suggested Stations and Their Population

List of Figures

Figure 1    Advantages of Superfast Transport System
Figure 2    Superfast Transport System Market Snapshot, $ Million, 2020, 2024, and 2028
Figure 3    Market Scenario’s
Figure 4    Ecosystem Contribution
Figure 5    Percentage Share of Components in terms of Value, 2020
Figure 6    Impacts of Superfast Transport System
Figure 1.1    Factors Driving the Superfast Transport Industry
Figure 2.1    Market Drivers – Impact Analysis
Figure 2.2    Market Opportunities – Impact Analysis
Figure 2.3    Market Restraints – Impact Analysis
Figure 2.4    Top Speed Attained by Different Modes of Transport
Figure 2.5    Travel Time by Various Means of Transport
Figure 2.6    Energy Consumption
Figure 2.7    Pressure Exerted at Different Altitudes
Figure 2.8    Pressure Experienced by the Cross-Sectional View
Figure 2.9    Spontaneous Decompression Caused Due to Puncture in the Tube
Figure 2.10    Fatal Collisions Due to Spontaneous Decompression
Figure 2.11    Thermal Expansion in Steel Hyperloop Tube
Figure 3.1    Organic & Inorganic Strategies Adopted by the Key Players
Figure 4.1    Ecosystem for the Superfast Transport
Figure 5.1    Advantages of Superfast Transport System
Figure 5.2    Global Superfast Transport System Market, by Component
Figure 5.3    Cost of Construction for Tubes, in Percentage
Figure 5.4    Cost of Construction for Passenger and Freight Pods, in Percentage
Figure 6.1    Global Market for Superfast Transport System (Neutral Scenario),  2020, 2024, and 2028
Figure 6.2    Global Market for Superfast Transport System (Optimistic Scenario),  2020, 2024, and 2028
Figure 6.3    Global Market for Superfast Transport System (Pessimistic Scenario),  2020, 2024, and 2028
Figure 6.4    Major Superfast Transport System Projects
Figure 6.5    Greenhouse Gas Emission from Transport by Mode, 2014
Figure 6.6    Losses Due to Ineffective Transport Infrastructure
Figure 6.7    Mode of Transport Used by Residents of California
Figure 6.8    Overview of Hyperloop Route from Los Angeles to San Francisco
Figure 6.9    Time vs Velocity Curve for Los Angeles to San Francisco
Figure 6.10    Time vs Distance Curve for Los Angeles to San Francisco
Figure 7.1    Profiles by Ownership Type
Figure 7.2    AECOM: Overall Financials, 2015-2017
Figure 7.3    AECOM: Net Revenue by Business Segment, 2015-2017
Figure 7.4    AECOM: Net Revenue by Region, 2015-2017
Figure 8.1    Global Superfast Transport System Market Scope
Figure 8.2    Superfast Transport System Research Methodology
Figure 8.3    Secondary Data Sources
Figure 8.4    Top Down and Bottom Up Approaches
Figure 8.5    Superfast Transport Systems Market Influencing Factors
Figure 8.6    Superfast Transport Systems Market Influencing Factors

The report offers insight on “how” the superfast transport system can transform the transportation industry during 2020, 2024 and 2028. Superfast transport system defines the growing need for faster, cheaper and safer mode of transport which will reduce travel time between two cities exponentially. The foremost factor for the rise in demand of the superfast transport system is mainly attributed to the advantages such as resistance from weather, collision free, and low power consumption as compared to traditional modes of transport. Superfast transport system is expected to cater to a huge customer base by gaining on the point of providing a convenient and faster mode of transport. However, as the technology has not been completely developed and tested for passengers and freights transport, implementation of the hyperloop technology as superfast transport system is expected to take a few years.

The following figure depicts the estimated value for 2020 and the forecast value for 2024 in a global superfast transport system market scenario.

Global Superfast Transport System Market

Source: Secondary Research, Expert Interviews, and BIS Research Analysis

The global superfast transport system market is expected to be valued at $2,086.5 million in 2020 and is expected to reach $55,693.5 million by 2024, growing at a CAGR of 127.30% between 2020 and 2024. Rising government interest to develop advanced transport infrastructure with a view to regulate growing traffic and avoiding congestions on highly developed trade routes is the major factor driving the market for superfast transport system.

The market for superfast transport system is expected to develop significantly in the coming decade and much has been attributed to the ongoing research and development in this field. With the increasing popularity of superfast transport system in countries such as the U.S., China, India, Ukraine, and U.A.E due to its advantages over other modes of transport, the transport industry is expected to transform rapidly paving the way for the growth of superfast transport system market. In addition, with the changing economic scenario, the countries need to advance their transport infrastructure to cater to the growing population. However, as the market is still in nascent stage, the growth solely relies on the development and implementation of superfast transport in the ongoing projects. As a result, a number of opportunities are expected to emerge for other market players who are willing to bear the high investment involved.

Figure
Advantages of Superfast Transport System

Global Superfast Transport System Market

Source: Secondary Research, Expert Interviews, and BIS Research Analysis

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