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Hyper loop Technology Market 2018 Worldwide Industry Analysis and New Market Opportunities Explored

Author: Akash Sangshetti
by Akash Sangshetti
Posted: Apr 23, 2018

Market synopsis

The hyperloop technology was based on the concept of Elon Musk who experimented with a paper traveling in the vacuumed space. The concepts and idea of Elon Musk took the transportation industry by storm in nearly five years, the investments and constructions started to build up. One of the major factor contributing to the growth of Hyperloop technology market is the rising demand for a fast mode of transportation. Although airplanes are by far the fastest mode of commercial transport, the rising technology advancement in transportation leads to the development of the even faster mode of transportation. Along with the faster mode of transportation, the increasing demand for cheaper transportation, better infrastructure facilities and safer transportation from natural calamities.

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Another major factor driving the market growth is the growing industrialization. Hyperloop technology is resistant towards natural calamities, providing the users with a trust of more safety, cheaper transportation and time-saving. However, there are certain factors such as lack of awareness, issues related to security, and higher cost of implementation hinder the market growth.

Hyperloop Technology has embarked many projects within a few years of idea generation. In June 2017, Hyperloop Transportation Technologies signed an agreement with the Korea Institute of Civil Engineering and Building Technology (KICT) and Hanyang University to develop a full-scale hyperloop system which will be known as the HyperTube Express within Korea. This has led transportation industry to evolve with the technology providing the customers with the efficient and advantageous transportation system. Growing urbanization, industrialization, automation and increased travel times have been the key factors for market growth.

Key Players:

The key players in the global Hyper Loop Technology Market include- AECOM (U.S.), Hyperloop Transportation Technologies (US), Hyperloop One (US), Dinclix GroundWorks (India), TransPod Inc. (Canada) and Space Exploration Technologies Corp (U.S.) among others.

Segmentation

  • By Component, the market is segmented into the capsule, tube, a propulsion system (electromagnetic propulsion and passive magnetic propulsion system) and Station.
  • By type, the market is segmented into passenger and freight.
  • On the basis of region, the market is segmented into North America, Europe, Asia Pacific and rest of the world.

Regional analysis

The global market for hyperloop technology is estimated to grow at a significant rate during the forecast period from 2022 to 2027. The geographical analysis of hyperloop technology market is studied for North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand), and the rest of the world (including the Middle East, Africa, and Southern America). At present, there are no deployments made in the actual transportation system. However, there have been many routes proposed for Hyperloop technology from the year 2022. Among those proposed routes are, the United States, India, UAE, Slovakia, Belgium, Canada, Sweden, China, Norway and other European Countries.

The first Hyperloop transportation will be deployed in the route of Dubai to Abu Dhabi. This would cover a distance of nearly 160 Km in about 12 minutes. As per the total investments in the Hyperloop technology market, The Middle East will lead the market, in 2022. Following the Middle East, the U.S. is expected to capture the second spot, with its project of Los Angeles to San Francisco which is expected to be deployed by 2023. The government’s approval towards the growth of hyperloop technology is a predominant factor fuelling market development. Further, the capital investments will also contribute a significant role in the growth of hyperloop technology.

The Hyperloop technology market in Europe will be in a close competition with Asia Pacific as there are various countries such as Belgium, Sweden, and Slovakia planning to deploy Hyperloop projects in various countries. The prominent companies like Virgin Hyperloop One will deploy its project in Mumbai Pune route, whereas an Indian origin company DGWHyperloop will deploy country’s first Hyperloop transportation in Andhra Pradesh by 2024.

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Intended Audience

  • Hyperloop Technology manufacturers
  • Component suppliers
  • OEM
  • Component distributors
  • Software providers
  • Testing & Engineering Firms
  • Government Bodies
  • Capital investors
  • Research Firms

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Rivalry

4.1.5 Bargaining Power Of Suppliers

4.2 Value Chain/Supply Chain Of Global Hyperloop Technology Market

5 Market Overview Of Global Hyperloop Technology Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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About the Author

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Ma

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Author: Akash Sangshetti

Akash Sangshetti

Member since: Dec 15, 2017
Published articles: 937

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