Yahoo Finance Hyperloop Technology : It will change the way we travel || Research Report Covers Scope and Price Analysis, Demand Scenario, Application Analysis, Implementation challenges, Technology Behind The Hyperloop, Cost And Efficiency of The Journ
Major Players - AECOM, Tesla, Virgin Hyperloop, HTT, SPACEX, TRANSPOD, Delft Hyperloop, Hardt B.V.
SAN FRANCISCO, March 05, 2021 (GLOBE NEWSWIRE) -- The global Hyperloop Technology Market is anticipated to reach a value of US$ 820.00 million in 2021 and is expected to reach US$ XX million by 2026, at an estimated CAGR of 46.03% from 2022 to 2026.
Travel and transportation sector market players are continuously trying to find out how to increase the precision of travel, safety, and travel with growing technology. The rising requirement for these reasons is being fulfilled by using hyperloop technology as they offer breakneck speed of transportation, which is twice that of aircraft with low power consumption. The hyperloop technology in many countries is widely adopting and developing to solve traffic congestion and environmental issues. Hyperloop technology enables critical players to ensure the safety of people and the environment. The global hyperloop technology market is rapidly growing due to increased demand to enhance the travel experience by saving time and cost through hyperloop technology.
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The hyperloop technology market's growth has been highly boosted by less travel time required and low transport costs. Hyperloop systems have a tolerance to earthquakes and other natural calamities which are promoting the growth of the hyperloop technology market, safety and security concerns of passengers in the hyperloop technology acts as major restraining factors for the global hyperloop technology market.
This hyperloop technology market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Some of the major players operating in the hyperloop technology market are AECOM, Tesla, Virgin Hyperloop, Hyperloop Transportation Technologies, SPACEX, TRANSPOD, WASHINGTON HYPERLOOP, VicHyper, Dinclix GroundWorks Private Limited., Delft Hyperloop, Hardt B.V., NEXT Prototypes e.V., Zeleros, Waterloop and Badgerloop among others. MarketDigits analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Tube Segment is anticipated to Lead the Market:
The tube segment is anticipated to lead the market in the system type segmentation. Tube is a tunnel or an encapsulated pathway or track, where hyperloop pod travels. The tube is contained with near vacuum pressure to reduce the air drag on capsule motion. The near vacuum atmosphere in the tube is controlled by installing vacuum/pressure/evacuating pumps at regular intervals along the tube length and maintaining a pressure of around 5 to 6 pounds per square inch. Currently, these tubes are made of steel. Hyperloop tubes would be either constructed above or below the ground, occupying a smaller area than a traditional rail or road. Above the ground tubes are supported by pylons, and each tube is welded or bolted together in a side by side configuration, which allows the capsule/pod to travel in both directions. So far, the constructed hyperloop tubes are above the ground due to the following benefits:
Tube erection on pillars above the ground provided benefits of saving money, provision of protection from earthquakes, snowfall, and rainfall, and allowed the installation of solar panels on top of the tube.
The energy obtained from these solar panels is used to satisfy the operational need of the hyperloop, as power generated through the solar panels is much more than the power consumed by propulsion and evacuating pumps. Additionally, the solar energy can be stored in battery packs for operation during cloudy and rainy conditions, and during nights.
In 2018, the third hyperloop test track was noticed under construction. Hyperloop Transportation Technologies (HyperloopTT) has started assembling its tubes for constructing a 1-kilometer-long test track near its R&D center in France.
Hyperloop One has developed 500 meters long hyperloop test track in Nevada, US where hyperloop one achieved a speed of 200 miles per hour.
Hyperloop Technology Market Segmentation:
In this report, the Hyperloop technology market has been segmented into the following categories:
Hyperloop Technology Market, by Component: Capsule, Tube, Propulsion System, Route
Hyperloop Technology Market, by Transportation Type: Passenger, Cargo/Freight
Hyperloop Technology Market, by Geography: North America, Europe, Asia Pacific (APAC), Middle East & Russia
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Top Impacting Factors:
Factors that are expected to impact the growth of the global market during the forecast period are as follows:
High speed of hyperloop technology in comparison to other modes of transportation
Rise in environmental concerns
Low cost of hyperloop technology as compared to other similar technologies
Safety & security concerns
Decongestion of traffic
Intended Audience:
Hyperloop Technology manufacturers
Component suppliers
OEM
Component distributors
Software providers
Testing & Engineering Firms
Government Bodies
Capital investors
Research Firms
Market Analysis
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Competitor analysis
Risk analysis
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E-mail survey and many more…
Selecting and Establishing Research Design
The step selecting and establishing research design consists of three main steps:
Select the research design
Identify information types and sources
Determine and design research instrument
Market Research Methodology
We define the research problem: The step defining the research problem exists of two main steps:
Formulating the problem
Establishing research objectives
MarketDigits offers four types of research design:
Exploratory research design
Descriptive research
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Causal research
This Hyperloop Technology report generally comprises of absolute and distinct analysis of the market drivers and restraints, major market players involved in this industry, analysis of the market segmentation, and competitive analysis of the key players. The report also endows with evaluations based on the market type, availability on-premises, organization size, end-users’ organization type, & the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The moves or actions of major market players and brands are analysed in the Hyperloop Technology report that range from product developments, products launches, acquisitions, mergers, joint ventures, & future products to technologies.
This Hyperloop Technology report is an ultimate source of information about the industry, important facts and figures, expert opinions, and the latest developments across the globe. The report studies various inhibitors as well as motivators of the market in both quantitative & qualitative manner so that users can have perfect information. The base year for calculation in the Hyperloop Technology report is considered as 2021 while the historic year is 2020 which will tell you how the Hyperloop Technology market is going to perform in the forecast years. The Hyperloop Technology report introduces the basics of industry such as market definitions, classifications, applications and industry chain overview, after which it covers industry policies and plans, product specifications, manufacturing processes, cost structures and so on.
Key Benefits:
This study comprises analytical depiction of the global hyperloop technology market with current trends and future estimations to portray the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2022 to 2026 to highlight the financial competency of the market.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.
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More Information Related to TOC, Tables and Figures Can Be Provided
No. of Hyperloop Technology Market Report Pages: 120
No. of Tables: 90
No. of Figures: 28
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY .................................................................................................. 10
2 INTRODUCTION ............................................................................................................ 12
2.1 KEY TAKEAWAYS ........................................................................................................ 12
2.2 REPORT DESCRIPTION ................................................................................................ 12
2.3 MARKET SCOPE & DEFINITION .................................................................................... 13
2.4 STAKEHOLDERS .......................................................................................................... 14
3 RESEARCH METHODOLOGY ........................................................................................... 15
3.1 MARKET SIZE .............................................................................................................. 15
3.2 KEY DATA SOURCES .................................................................................................... 17
3.2.1 KEY DATA POINTS TAKEN FROM PRIMARY SOURCE..................................................... 17
3.2.2 KEY DATA POINTS TAKEN FROM SECONDARY SOURCE ................................................ 18
3.2.3 LIMITATIONS/ASSUMPTIONS MADE FOR THIS REPORT ............................................... 18
3.3 MARKET RESEARCH APPROACH .................................................................................. 19
3.3.1 BOTTOM UP APPROACH ............................................................................................... 19
3.3.2 TOP DOWN APPROACH ................................................................................................ 20
3.4 DATA VALIDATION AND TRIANGULATION ................................................................... 20
3.4.1 MARKET FORECASTING MODEL ................................................................................... 22
4 MARKET OVERVIEW ...................................................................................................... 23
4.1 INTRODUCTION .......................................................................................................... 23
4.2 MARKET DRIVERS ....................................................................................................... 24
4.2.1 SIGNIFICANT REDUCTION IN TRAVEL TIME .................................................................. 24
Hyperloop Technology Market (2021 - 2026) 2
4.2.2 REQUIREMENT OF MINIMAL LAND AREA ..................................................................... 24
4.2.3 LOW SETUP COST ......................................................................................................... 25
4.2.4 RESISTANCE TO EXTREME WEATHER CONDITIONS ...................................................... 25
4.3 BARRIERS/CHALLENGES .............................................................................................. 26
4.3.1 REGULATORY CHALLENGES .......................................................................................... 26
4.3.2 TECHNICAL HURDLES .................................................................................................... 26
4.4 MARKET OPPORTUNITIES ........................................................................................... 27
4.4.1 BOOST ENERGY EFFICIENT TRANSPORTATION ............................................................. 27
4.4.2 NEED TO DECONGEST CITIES ........................................................................................ 27
4.5 VALUE CHAIN ANALYSIS.............................................................................................. 28
5 COVID 19 IMPACT ASSESSMENT .................................................................................... 30
5.1 IMPACT OF COVID-19 ON HYPERLOOP TECHNOLOGY MARKET BY TRANSPORTATION SYSTEM ........................................................................................ 30
5.2 IMPACT OF COVID-19 ON HYPERLOOP TECHNOLOGY MARKET BY TUBE MATERIAL .................................................................................................................. 31
5.3 IMPACT OF COVID-19 ON HYPERLOOP TECHNOLOGY MARKET BY CARRIAGE ............... 32
6 INDUSTRY TRENDS ........................................................................................................ 33
6.1 VENTURE FUNDING IN HYPERLOOP TECHNOLOGY MARKET ......................................... 33
6.2 LISTS OF PROJECT PROPOSALS IN THE HYPERLOOP TECHNOLOGY MARKET .................. 36
6.3 CASE STUDIES ............................................................................................................. 42
7 HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM ............................. 49
7.1 INTRODUCTION .......................................................................................................... 49
7.2 CAPSULE .................................................................................................................... 50
7.3 TUBE .......................................................................................................................... 51
7.4 PROPULSION SYSTEM ................................................................................................. 52
7.5 ROUTE ....................................................................................................................... 53
8 HYPERLOOP TECHNOLOGY MARKET, BY TUBE MATERIAL .............................................. 54
Hyperloop Technology Market (2021 - 2026) 3
8.1 INTRODUCTION .......................................................................................................... 54
8.2 CARBON FIBER ........................................................................................................... 55
8.3 VIBRANIUM ............................................................................................................... 56
8.4 STEEL ......................................................................................................................... 58
8.5 CONCRETE .................................................................................................................. 59
9 HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE ............................................... 61
9.1 INTRODUCTION .......................................................................................................... 61
9.2 PASSENGER ................................................................................................................ 62
9.3 CARGO/FREIGHT ........................................................................................................ 64
10 HYPERLOOP TECHNOLOGY MARKET, BY REGION ........................................................... 66
10.1 INTRODUCTION .......................................................................................................... 66
10.2 NORTH AMERICA ........................................................................................................ 67
10.2.1 NORTH AMERICA HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY ......................... 68
10.2.1.1 U.S. Hyperloop Technology Market ......................................................................69
10.2.1.2 Canada Hyperloop Technology Market ..............................................................69
10.2.2 NORTH AMERICA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM ......................................................................................................................... 71
10.2.3 NORTH AMERICA HYPERLOOP TECHNOLOGY MARKET, BY TUBE MATERIAL............... 71
10.2.4 NORTH AMERICA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE ............... 72
10.3 EUROPE ..................................................................................................................... 73
10.3.1 EUROPE HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY ....................................... 74
10.3.1.1 Germany Hyperloop Technology Market ...........................................................74
10.3.1.2 U.K. Hyperloop Technology Market ......................................................................75
10.3.1.3 France Hyperloop Technology Market ................................................................75
10.3.1.4 Rest of Europe Hyperloop Technology Market ................................................76
10.3.2 EUROPE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM ............ 77
10.3.3 EUROPE HYPERLOOP TECHNOLOGY MARKET, BY TUBE MATERIAL ............................. 77
Hyperloop Technology Market (2021 - 2026) 4
10.3.4 EUROPE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE .............................. 78
10.4 ASIA PACIFIC .............................................................................................................. 79
10.4.1 ASIA PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY ................................ 80
10.4.1.1 China Hyperloop Technology Market ..................................................................80
10.4.1.2 Japan Hyperloop Technology Market ..................................................................81
10.4.1.3 Singapore Hyperloop Technology Market .........................................................81
10.4.1.4 India Hyperloop Technology Market ....................................................................82
10.4.1.5 Rest of APAC Hyperloop Technology Market ..................................................82
10.4.2 ASIA PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM ......................................................................................................................... 84
10.4.3 ASIA PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY TUBE MATERIAL ...................... 85
10.4.4 ASIA PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE ....................... 85
10.5 REST OF THE WORLD .................................................................................................. 86
10.5.1 REST OF THE WORLD HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY ................... 87
10.5.2 REST OF THE WORLD HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM .......................................................................................... 87
10.5.3 REST OF THE WORLD HYPERLOOP TECHNOLOGY MARKET, BY TUBE MATERIAL ..................................................................................................................... 89
10.5.4 REST OF THE WORLD HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE .......... 90
11 COMPETITIVE ANALYSIS ................................................................................................ 91
11.1 INTRODUCTION .......................................................................................................... 91
11.2 TOP COMPANY RANKINGS .......................................................................................... 92
11.2.1 TOP TUBE MATERIAL MANUFACTURERS ...................................................................... 92
11.2.2 TOP TRANSPORTATION SYSTEM COMPANIES .............................................................. 93
11.3 COMPETITIVE TREND ANALYSIS .................................................................................. 94
11.4 RECENT DEVELOPMENTS ............................................................................................ 95
11.4.1 PARTNERSHIP ............................................................................................................... 95
11.4.2 AGREEMENT ................................................................................................................. 96
11.4.3 COLLABORATION .......................................................................................................... 97
Hyperloop Technology Market (2021 - 2026) 5
11.4.4 OTHERS* (FUNDING, GRANT, INVESTMENT, MOU, TESTING, PROJECT COMPLETION, AND NEW LOCATION) ........................................................................... 98
12 COMPANY PROFILES ..................................................................................................... 99
12.1 VIRGIN HYPERLOOP ONE ............................................................................................ 99
12.1.1 OVERVIEW .................................................................................................................... 99
12.1.2 PRODUCT ...................................................................................................................... 99
12.1.3 RECENT DEVELOPMENT.............................................................................................. 100
12.2 HYPERLOOP TRANSPORTATION TECHNOLOGIES (HYPERLOOPTT) .............................. 102
12.2.1 OVERVIEW .................................................................................................................. 102
12.2.2 PRODUCTS .................................................................................................................. 102
12.2.3 RECENT DEVELOPMENT.............................................................................................. 103
12.3 TRANSPOD ............................................................................................................... 105
12.3.1 OVERVIEW .................................................................................................................. 105
12.3.2 PRODUCTS .................................................................................................................. 105
12.3.3 RECENT DEVELOPMENT.............................................................................................. 105
12.4 HARDT B.V ............................................................................................................... 107
12.4.1 OVERVIEW .................................................................................................................. 107
12.4.2 PRODUCTS .................................................................................................................. 107
12.4.3 RECENT DEVELOPMENT.............................................................................................. 108
12.5 ZELEROS ................................................................................................................... 109
12.5.1 OVERVIEW .................................................................................................................. 109
12.5.2 PRODUCTS .................................................................................................................. 109
12.5.3 DEVELOPMENT ........................................................................................................... 110
12.6 DELFT HYPERLOOP ................................................................................................... 111
12.6.1 OVERVIEW .................................................................................................................. 111
12.6.2 PRODUCTS .................................................................................................................. 111
12.6.3 RECENT DEVELOPMENT.............................................................................................. 111
12.7 AECOM .................................................................................................................... 113
12.7.1 OVERVIEW .................................................................................................................. 113
Hyperloop Technology Market (2021 - 2026) 6
12.7.2 PRODUCTS .................................................................................................................. 113
12.7.3 RECENT DEVELOPMENT.............................................................................................. 113
12.8 DINCLIX GROUNDWORKS PRIVATE LIMITED .............................................................. 114
12.8.1 OVERVIEW .................................................................................................................. 114
12.8.2 PRODUCTS .................................................................................................................. 114
12.8.3 RECENT DEVELOPMENT.............................................................................................. 115
12.9 THE BORING COMPANY ............................................................................................ 115
12.9.1 OVERVIEW .................................................................................................................. 115
12.9.2 PRODUCTS .................................................................................................................. 116
12.9.3 RECENT DEVELOPMENT.............................................................................................. 116
12.10 NEVOMO ................................................................................................................. 117
12.10.1 OVERVIEW .................................................................................................................. 117
12.10.2 PRODUCTS .................................................................................................................. 117
12.10.3 RECENT DEVELOPMENT.............................................................................................. 118
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