Hyperloop Technology Global Market Report 2024

Description

“Hyperloop Technology Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hyperloop technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hyperloop technology? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hyperloop technology market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Transportation System: Capsule; Guideway; Propulsion System; Route
2) By Carriage Type: Passenger; Cargo/Freight
3) By Speed: More than 700 kmph; Less than 700 kmph
Companies Mentioned: AECOM Technology Corporation; Dinclix Groundworks Pvt. Ltd.; Hyperloop One Inc.; Hyperloop Transportation Technologies; Space Exploration Technologies Corp.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Hyperloop technology refers to an ultra-high-speed ground transportation system designed for the rapid movement of passengers and goods. This innovative transportation system involves sealed or partially evacuated tubes that connect mobility hubs in metropolitan areas, utilizing pressurized vehicles known as pods.

The primary components of the hyperloop transport system include the capsule, guideway, propulsion system, and route, all designed for both passenger and freight transportation. The capsule segment encompasses the sale of capsule-based hyperloop technology products by entities (such as organizations, sole proprietors, partnerships). These products involve passenger pods or capsules that travel through tubes, either above or below ground. The tubes are partially evacuated to reduce friction, with pumps removing most of the air. Overcoming air resistance is a crucial aspect of achieving high-speed transportation. Hyperloop transportation systems are capable of traveling at speeds both below and above 700 kmph.

The hyperloop technology market research report is one of a series of new reports from The Business Research Company that provides hyperloop technology market statistics, including hyperloop technology industry global market size, regional shares, competitors with a hyperloop technology market share, detailed hyperloop technology market segments, market trends and opportunities, and any further data you may need to thrive in the hyperloop technology industry. This hyperloop technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hyperloop technology market size has grown exponentially in recent years. It will grow from $1. 5 billion in 2023 to $2. 13 billion in 2024 at a compound annual growth rate (CAGR) of 41. 9%. The growth during the historical period can be attributed to factors such as the introduction of a visionary transportation concept, urbanization, and the resulting traffic congestion, growing environmental concerns in the field of transportation, increased investments in futuristic transport solutions, and the demand for faster and more efficient transportation.

The hyperloop technology market size is expected to see exponential growth in the next few years. It will grow to $7. 98 billion in 2028 at a compound annual growth rate (CAGR) of 39. 1%. The anticipated growth in the forecast period can be attributed to several factors, including government support for hyperloop infrastructure, population growth, increased private sector investment in hyperloop projects, a shift towards sustainable and high-speed transportation, and the development of high-speed rail systems. Noteworthy trends expected in the forecast period encompass the development of hyperloop test tracks and prototypes, the integration of artificial intelligence for hyperloop control systems, international collaboration on hyperloop projects, an emphasis on safety and regulatory frameworks, and the evolution of hyperloop pods and passenger experiences.

The hyperloop technology market is experiencing growth due to the increasing demand for faster modes of transportation. This innovative system involves sealed and partially evacuated tubes connecting mobility hubs in large metropolitan areas, along with pressurized pods that can travel at high speeds. Utilizing contactless levitation and propulsion methods, combined with reduced aerodynamic drag, the hyperloop enables passengers to travel between cities in less than 45 minutes, reaching top speeds of 760 mph. An example is Virgin Hyperloop's Pegasus passenger-carrying vehicle, which made its public debut at the Smithsonian Arts and Industries Building in November 2021, showcasing the technology's potential. The heightened desire for swift transportation modes is expected to drive the demand for hyperloop technology in the forecast period.

The hyperloop technology market is anticipated to be propelled by the ongoing trend of rising urbanization. Urbanization, characterized by an increasing concentration of the population in urban areas, can benefit from hyperloop technology as a sustainable, high-speed transportation solution. By connecting cities and regions with reduced travel times and increased efficiency, hyperloop has the potential to mitigate congestion, minimize environmental impacts, and stimulate economic development. Global urbanization trends are evident, with over 50% of the world's population residing in urban areas in 2022, a figure projected to grow to 6 billion by 2045, as highlighted by the World Bank in October 2022. Thus, the surge in urbanization is a driving force for the hyperloop technology market.

Major companies are fostering development through partnerships and collaborations. In October 2023, Netherlands-based hyperloop technology company Hardt entered into a strategic partnership with Spain-based Zeleros. This collaboration aims to expedite the technical and commercial development of hyperloop technology, a revolutionary mode of ultra-high-speed and sustainable land transportation. Both companies are committed to a shared development roadmap, fostering technology convergence and interoperability within the hyperloop sector. Recognizing that collaboration among diverse players accelerates the development of hyperloop technologies, this partnership represents a significant step forward.

A key trend gaining traction in the hyperloop technology market is the focus on research and development (R&D) and testing investments. Companies in this sector are increasing their investments in innovative technology development and testing to bring new products to commercialization. For instance, in April 2022, Canada-based hyperloop developer TransPod secured $550 million in funding from the UK's Broughton Capital Group and China's state-owned China-East Resources Import and Export Company. This substantial investment is earmarked for the construction of hyperloop projects, emphasizing the commitment to advancing the technology through R&D and testing efforts.

Major companies operating in the in the hyperloop technology market report are AECOM Technology Corporation, Dinclix Groundworks Pvt. Ltd., Hyperloop One Inc., Hyperloop Transportation Technologies, Space Exploration Technologies Corp., Virgin Hyperloop One, Arrivo Group SA, TransPod Inc., Zeleros Corp, Hardt Hyperloop, Dinclix Groundworks Private Limited, Hyper Poland Sp z o o, NEXT Future Transportation Inc., rLoop Inc., Arizona's SpaceX Hyperloop, Delft Hyperloop, Swissloop, Paradigm Hyperloop, Northeast Ohio Regional Sewer District, VicHyper, University of Waterloo Hyperloop, Uniloop Technologies Private Ltd., HyperLynx, EIT InnoEnergy SE, Texas Guadaloop, TUM Hyperloop, Uniloop Technologies Pvt. Ltd.

North America was the largest region in the hyperloop technology market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the hyperloop technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hyperloop technology market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The hyperloop technology market include revenues earned by entities by pods and tubes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10397

1. Executive Summary

2. Hyperloop Technology Market Characteristics

3. Hyperloop Technology Market Trends And Strategies

4. Hyperloop Technology Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Hyperloop Technology Market Size and Growth

5.1. Global Hyperloop Technology Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Hyperloop Technology Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Hyperloop Technology Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Hyperloop Technology Market Segmentation

6.1. Global Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Passenger
Cargo/Freight
6.2. Global Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Capsule
Guideway
Propulsion System
Route
6.3. Global Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
More than 700 kmph
Less than 700 kmph

7. Hyperloop Technology Market Regional And Country Analysis

7.1. Global Hyperloop Technology Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Hyperloop Technology Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Hyperloop Technology Market

8.1. Asia-Pacific Hyperloop Technology Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Hyperloop Technology Market

9.1. China Hyperloop Technology Market Overview
9.2. China Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Hyperloop Technology Market

10.1. India Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Hyperloop Technology Market

11.1. Japan Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Hyperloop Technology Market

12.1. Australia Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Hyperloop Technology Market

13.1. Indonesia Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Hyperloop Technology Market

14.1. South Korea Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Hyperloop Technology Market

15.1. Western Europe Hyperloop Technology Market Overview
15.2. Western Europe Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Hyperloop Technology Market

16.1. UK Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Hyperloop Technology Market

17.1. Germany Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Hyperloop Technology Market

18. 5. France Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Hyperloop Technology Market

19. 9. Italy Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Hyperloop Technology Market

20.13. Spain Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Hyperloop Technology Market

21.1. Eastern Europe Hyperloop Technology Market Overview
21.2. Eastern Europe Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Hyperloop Technology Market

22.1. Russia Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Hyperloop Technology Market

23.1. North America Hyperloop Technology Market Overview
23.2. North America Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Hyperloop Technology Market

24.1. USA Hyperloop Technology Market Overview
24.2. USA Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Hyperloop Technology Market

25.1. Canada Hyperloop Technology Market Overview
25.2. Canada Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Hyperloop Technology Market

26.1. South America Hyperloop Technology Market Overview
26.2. South America Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Hyperloop Technology Market

27.1. Brazil Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Hyperloop Technology Market

28.1. Middle East Hyperloop Technology Market Overview
28.2. Middle East Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Hyperloop Technology Market

29.1. Africa Hyperloop Technology Market Overview
29.2. Africa Hyperloop Technology Market, Segmentation By Carriage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Hyperloop Technology Market, Segmentation By Transportation System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Hyperloop Technology Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Hyperloop Technology Market Competitive Landscape And Company Profiles

30.1. Hyperloop Technology Market Competitive Landscape
30.2. Hyperloop Technology Market Company Profiles
- 30.2.1. AECOM Technology Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Dinclix Groundworks Pvt. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Hyperloop One Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Hyperloop Transportation Technologies
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Space Exploration Technologies Corp.
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Hyperloop Technology Market Competitive Benchmarking

32. Global Hyperloop Technology Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hyperloop Technology Market

34. Hyperloop Technology Market Future Outlook and Potential Analysis

34.1 Hyperloop Technology Market In 2028 - Countries Offering Most New Opportunities
34.2 Hyperloop Technology Market In 2028 - Segments Offering Most New Opportunities
34. 3 Hyperloop Technology Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer