HYPERLOOP TECHNOLOGY MARKET ANALYSIS

Market Size and Trends

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.