Alternate Transportation Technology Market
Global Alternate Transportation Technology Market Size, Share & Trends Analysis Report By Transportation Mode (Air, Road, Rail And Vacuum Tubes/ Pneumatic Pressure Tube), By Fuel Type (Electricity And Fuel Cells), And By Application (Freight / Carriage Vehicle, Personal Vehicle, And Passenger Vehicle) Forecast Period (2022-2028)
The global alternate transportation technology market is anticipated to grow at a significant CAGR of 10.3% during the forecast period. Population growth coupled up with rising environmental issues is some major factors supporting the growth of the market. Population growth is one of the major issue that every economy is facing today. The increasing population puts pressure on existing transportation system to meet its requirement. Moreover, rising environmental issues due to extensive use of fossils to fuel the vehicle has led to shift towards electrically powered vehicles. The Global Alternative transportation technology market is the growing market as its implementation across globe is the need of hour. Technology such as Hyperloop, drone delivery system, maglev rail, and driverless cars has already hit the market. The drivers of this market include increased use of electricity as prime fuel, government regulation that supports such technology, less operating cost and scarcity of non-renewable resources.
Impact of COVID-19 Pandemic on Global Alternate Transportation Technology Market
COVID-19 pandemic highly impacted the transportation industry with new challenges due to complete disorder in global supply chains which resulted in several trade barriers all over the world. However it also created new opportunities for innovation and significant progress in upgrading vehicles, enhancing transit accessibility, creating better and safer rider experiences has been seen. According to, International Energy Agency (IEA), about 3 million new electric cars were registered in 2020. Europe with 1.4 million new registrations, China with 1.2 million registrations and the US with 295 000 new electric cars
Segmental Outlook
The global alternate transportation technology market is segmented based on the transportation mode, fuel type, and application. Based on the transportation mode, the market is segmented into air, road, rail and vacuum tubes/ pneumatic pressure tube. Based on the fuel type, the market is sub-segmented into the electricity and fuel cells. Further, on the basis of application, the market is sub-segmented into freight / carriage vehicle, personal vehicle, and passenger vehicle. The above mentioned segments can be customized as per the requirements. Among the fuel type, the electric powered vehicle is expected to hold prominent share in the global alternate transportation technology market while fuel cells powered vehicle is projected to cater considerable growth over the forecast period.
Global Alternate Transportation Technology Market Share by Fuel Type, 2021 (%)
The Electricity Sub-Segment Is Anticipated To Hold Prominent Share in the Global Alternate Transportation Technology Market
All-electric vehicles including hybrid electric vehicles, plug-in hybrid electric vehicles use electricity to improve vehicle efficiency. Electricity can be used to power both battery-electric vehicles (BEVs), and plug-in hybrid electric vehicles (PHEVs). BEVs can charge their batteries by taking electricity directly from the grid and other off-board electrical power sources. On the contrary, hybrid electric vehicles (HEVs) are fueled with liquid fuels, like gasoline, but use small batteries to recapture energy otherwise lost during braking (ultimately boosting fuel economy). Using electricity to power vehicles has some major energy security and emissions benefits. According to Alternative Fuels Data Centre, All forms of electric vehicles can help improve fuel economy, lower fuel costs, and reduce emissions.
Regional Outlooks
The global Alternate Transportation Technology market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement.Among these, the North America regional market is expected to cater considerable growth over the forecast period, owing to presence of significant market players.
Global Alternate Transportation Technology Market Growth, by Region 2022-2028
The North American Region is expected to Hold Prominent Share in the Global Alternate Transportation Technology Market
The major market of alternative transportation technologies is in North America region. Majority of parent organization headquarter is in the US and Canada. Moreover, continuous efforts by key players to expand their presence in the market are also contributing to the growth of the market in this region. For instance, in 2022, Hyundai Motor Company emphasized its plan to ramp up the U.S. commercial vehicle market entry with XCIENT Fuel Cell trucks at the largest advanced transportation technology and clean fleet event, Advanced Clean Transportation (ACT) Expo. Through the project known as Zero-Emission Regional Truck Operations with Fuel Cell Electric Truck, Hyundai Motor will deploy 30 Class 8 6x4 XCIENT Fuel Cell heavy-duty tractors at the Port of Oakland, Calif., in 2023. Rapid development and implementation of technology makes the region market dominant. Europe has the potential to be dominating market in future due to rapid technological advancement.
Market Players Outlook
The major companies serving the global alternate transportation technology market include AECOM, Delft Hyperloop, Hyperloop Transportation Technologies, Space Exploration Technologies Corp, TRANSPOD, and others.The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2022, Loop Energyannounced that Mobility & Innovation is launching its H2Bus, an 8-metre hydrogen-electric minibus. The bus offers a zero-emissions solution to urban transit and with more than 1,200 km driven, Mobility & Innovation developed the bus to demonstrate the viability of hydrogen fuel cell technology in transit.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global alternate transportation technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Alternate Transportation Technology Market
• Recovery Scenario of Global Alternate Transportation Technology Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. AECOM
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Delft Hyperloop
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Hyperloop Transportation Technologies
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Space Exploration Technologies Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. TRANSPOD
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Alternate Transportation Technology Market by Transportation Mode
4.1.1. Air
4.1.2. Road
4.1.3. Rail
4.1.4. Vacuum Tubes/ Pneumatic Pressure Tube
4.2. Global Alternate Transportation Technology Market by Fuel Type
4.2.1. Electricity
4.2.2. Fuel Cells
4.3. Global Alternate Transportation Technology Market by Application
4.3.1. Freight / Carriage Vehicle
4.3.2. Personal Vehicle
4.3.3. Passenger Vehicle
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AeroMobil
6.2. AeroVironment, Inc.
6.3. AUTEL ROBOTICS Co., Ltd.
6.4. Baidu, Inc.
6.5. Kespry Inc.
6.6. Lockheed Martin Corporation
6.7. OBAYASHI CORP.
6.8. Parrot Drones S.A.S.
6.9. Renault Group
6.10. SZ DJI Technology Co., Ltd.
6.11. Terrafugia
6.12. Tesla Motors, Inc.
6.13. ThothX, LLC
6.14. Toyota (GB) PLC
6.15. Virgin Hyperloop
6.16. Waymo LLC
6.17. Wisk Aero LLC.
6.18. Yuneec International Co., Ltd.
1. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TRANSPORTATION MODE, 2021-2028 ($ MILLION)
2. GLOBALALTERNATE TRANSPORTATION TECHNOLOGY BYAIRMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBALALTERNATE TRANSPORTATION TECHNOLOGYBY ROADMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBALALTERNATE TRANSPORTATION TECHNOLOGYBY RAILMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBALALTERNATE TRANSPORTATION TECHNOLOGYBY VACUUM TUBES/ PNEUMATIC PRESSURE TUBEMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2021-2028 ($ MILLION)
7. GLOBALALTERNATE TRANSPORTATION TECHNOLOGY BY ELECTRICITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBALALTERNATE TRANSPORTATION TECHNOLOGY BY FUEL CELLSMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10. GLOBALALTERNATE TRANSPORTATION TECHNOLOGY IN FREIGHT / CARRIAGE VEHICLEMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBALALTERNATE TRANSPORTATION TECHNOLOGY IN PERSONAL VEHICLEMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBALALTERNATE TRANSPORTATION TECHNOLOGY IN PASSENGER VEHICLEMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TRANSPORTATION MODE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. EUROPEAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TRANSPORTATION MODE, 2021-2028 ($ MILLION)
20. EUROPEAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TRANSPORTATION MODE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. REST OF THE WORLD ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TRANSPORTATION MODE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD ALTERNATE TRANSPORTATION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET, 2022-2028 (%)
4. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SHARE BY TRANSPORTATION MODE, 2021 VS 2028 (%)
5. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY BYAIRMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGYBY ROADMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY BYRAILMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY BYVACUUM TUBES/ PNEUMATIC PRESSURE TUBEMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SHARE BY FUEL TYPE, 2021 VS 2028 (%)
10. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY BY ELECTRICITYMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY BY FUEL CELLSMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
13. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY IN FREIGHT / CARRIAGE VEHICLEMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY IN PERSONAL VEHICLEMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY IN PASSENGER VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. US ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
19. UK ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD ALTERNATE TRANSPORTATION TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
