HYPERLOOP TECHNOLOGY MARKET ANALYSIS
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.
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