hyperloop technology market

Hyperloop Technology Market - Global Industry Insights,
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
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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.
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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