hyperloop

Hyperloop Technology Market - Global Industry Insights, Opportunity
Analysis, 2017-2025
Hyperloop technology is a futuristic mode of transportation for passenger or
goods. This technology is proposed by a combined team of SpaceX and Tesla. It
consists of a system of tubes or pods that allow for free frictionless movement,
without any air resistance of passengers and goods, thereby optimizing the
overall travel time for the passengers. These Pods float within the tubes above
the rail line and further being pushed by electromagnets. Vactrain concept is
used to remove external effects, which magnetically take off the transportation
system in evacuated or partly evacuated tubes that allows the mode of
transportation to speed up to thousands of miles per hour. Once the pod reaches
100 miles glide it will run without requiring any external energy.
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Hyperloop technology has several advantages such as speedy transportation,
safety, and security, and more efficient infrastructure. Based on the prototype
being made by the Hyperloop One, the onboard environmental controls along
with localization capabilities will help in communication between pods and
system controller making a stronger network. These pods will be able to detect
obstacles through an array of sensors providing better safety experience for the
passengers. Additionally, real-time data along with auto braking sensor will
help in communication between motor and tubes ensuring greater system
uptime for maintenance and operations. Systems and controls will be equally
important as the physical innovations within tubes and pods further making a
radically transformed transportation that will be faster with a stronger network
topology.
These factors are expected to have a positive impact on the growth of global
hyperloop technology market during forecast period.
Hyperloop being a futuristic technology involves a lot of barriers when it comes
to commercialization and worldwide implementation. As per Space X and
Hyperloop One, two major companies working for hyperloop, it is presumed
that terrain and other natural disasters will act as a major restraint for this
market. Design prototype are being made for understanding the air friction and
electro-magnets which is very costly. In addition to this, it is seen that the online
services associated with hyperloop will require connection to the pods that
might affect the magnetic field within the tube further forming a major obstacle
for the implementation process.
Hyperloop Technology Market Taxonomy
On the basis of component type, the global hyperloop technology market is
segmented into:
●
●
●
Capsule
Tube and Propulsion system
Route
On the basis of transportation type, the global hyperloop technology market is
segmented into:
●
●
Passenger
Cargo/Freight
On the basis of application, the global hyperloop technology market is
segmented into:
●
●
●
●
Yield Monitoring
Soil Monitoring
Scouting
Others
Hyperloop Technology Market: Regional Insights
The global hyperloop technology market is segmented on the basis of region
into North America, Europe, Asia Pacific, Latin America, and Middle East,
Africa. Asia Pacific market is expected to expand at the highest CAGR during
forecast period. Increasing participation of government bodies towards
exploring the feasibility of deploying the hyperloop transportation technology is
expected to boost the growth opportunity of the market. For instance, Virgin
Hyperloop One, the U.S-based company signed a Memorandum of
Understanding (MoU) with the Karnataka Urban Development Department
(KUDD) intended at recognizing potential routes for the improvement of
mobility in the Bengaluru metropolitan area and aimed to connect emerging
cities such as Tumakuru, Hubli-Dharwar and Hosur within the state. This factor
is expected to have positive impact on the growth of global hyperloop
technology market by 2025.
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Hyperloop Technology Market: Competitive Background
Major players operating in the global hyperloop technology market include
AECOM, Hyperloop Transportation Technologies, Virgin Hyperloop One,
Transpod Inc., Dgwhyperloop, Dinclix Ground Works, Trans Pod Inc., Space
Exploration Technologies Corp, Tesla, Inc., MIT Hyperloop, Badgerloop, Delft
Hyperloop, BITS Hyperloop, and WARR Hyperloop.
Recent Updates
In August 2017, the SpaceX company tested for its pusher vehicle on the
hyperloop test track and has achieved to reach up to 355 km/h within the sealed
vacuum tunnel and is expected to reach around 500 km/h with minor changes in
design. Company is focusing on improving the design and speed of hyperloop
pods that can be both shock absorbent as well as charge itself from the
renewable sources of energy.
In July 2017, the Virgin Hyperloop One company tested for the second phase of
its hyperloop pod reaching a speed of 310 km/h covering an approximate
distance of 437 meters along with the revelation of first generation aeroshell.
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Asia Pacific market is expected to expand at the highest CAGR during forecast period. Increasing participation of government bodies towards exploring the feasibility of deploying the hyperloop transportation technology is expected to boost the growth opportunity of the Hyperloop Technology market.

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