Allied - Global Hyperloop Technology Market, 2022-2026

Hyperloop Technology Market
Global Opportunity Analysis and Industry Forecast,

2022-2026
REPORT CODE - SE 182416
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Global Hyperloop Technology Market, 2022– 2026
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CONTENTS
CHAPTER 1 INTRODUCTION ....................................................................................................................................... 28
1.1. REPORT DESCRIPTION .............................................................................................................. 28
1.2. KEY BENEFITS FOR STAKEHOLDERS .................................................................................... 29
1.3. KEY MARKET SEGMENTS .......................................................................................................... 30
1.4. RESEARCH METHODOLOGY ..................................................................................................... 32
1.4.1. Primary research.......................................................................................................... 33
1.4.2. Secondary research ..................................................................................................... 34
1.4.3. Analyst tools and models ........................................................................................... 34
CHAPTER 2 EXECUTIVE SUMMARY .......................................................................................................................... 35
2.1. CXO PERSPECTIVES .................................................................................................................... 38
CHAPTER 3 MARKET OVERVIEW .............................................................................................................................. 39
3.1. MARKET DEFINITION AND SCOPE ......................................................................................... 39
3.2. KEY FINDINGS ............................................................................................................................... 40
3.2.1. Top impacting factors ................................................................................................. 40
3.2.2. Top investment pockets ............................................................................................. 41
6
3.2.3. Top winning strategies ............................................................................................... 42
3.2.3.1. Top winning strategies, by year, 2015–2017* ............................................ 43
3.2.3.2. Top winning strategies, by development, 2015–2017* (%) ................. 44
3.2.3.3. Top winning strategies, by company, 2015–2017* .................................. 45
3.3. PORTER’S FIVE FORCES ANALYSIS ........................................................................................ 46
3.3.1. Moderate bargaining power of suppliers ............................................................ 46
3.3.2. Moderate threat of new entrants ............................................................................ 47
3.3.3. High threat of substitutes .......................................................................................... 47
3.3.4. High intensity of rivalry ............................................................................................. 48
3.3.5. Moderate bargaining power of buyers ................................................................. 48
3.4. MARKET PLAYER POSITIONING ............................................................................................. 49
3.5. MARKET DYNAMICS ................................................................................................................... 50
3.5.1. Drivers .............................................................................................................................. 50
3.5.1.1. High speed of hyperloop technology in comparison to other

modes of transportation ....................................................................................... 50
3.5.1.2. Rise in environmental concerns ........................................................................ 50
3.5.1.3. Low cost of hyperloop technology as compared to other

similar technologies................................................................................................ 51
7
3.5.2. Restraint .......................................................................................................................... 51
3.5.2.1. Safety and security concerns .............................................................................. 51
3.5.3. Opportunity .................................................................................................................... 52
3.5.3.1. Decongestion of traffic ........................................................................................... 52
CHAPTER 4 HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE ...................................................... 53
4.1. OVERVIEW ..................................................................................................................................... 53
4.2. PASSENGER .................................................................................................................................... 54
4.2.1. Key market trends, growth factors, and opportunities .................................. 54
4.2.2. Market size and forecast, by region ....................................................................... 54
4.2.3. Market size and forecast, by country .................................................................... 55
4.3. CARGO/FREIGHT ......................................................................................................................... 56
CHAPTER 5 HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM ............................... 58
5.1. OVERVIEW ..................................................................................................................................... 58
5.2. TUBE ................................................................................................................................................ 60
8
5.2.2. Market size and forecast, region ............................................................................. 60
5.2.3. Market size and forecast, country .......................................................................... 61
5.3. PROPULSION ................................................................................................................................. 62
5.4. CAPSULE ......................................................................................................................................... 64
5.5. ROUTE ............................................................................................................................................. 66
9
CHAPTER 6 HYPERLOOP TECHNOLOGY MARKET, BY REGION ...................................................................... 68
6.1. OVERVIEW ..................................................................................................................................... 68
6.2. NORTH AMERICA ......................................................................................................................... 70
6.2.2. Market size and forecast, by carriage type .......................................................... 72
6.2.3. Market size and forecast, by transportation system ....................................... 72
6.2.5. U.S....................................................................................................................................... 75
6.2.5.1. Market size and forecast, by carriage type ................................................... 76
6.2.5.2. Market size and forecast, by transportation system ................................ 77
6.2.6. Canada .............................................................................................................................. 79
6.2.7. Mexico............................................................................................................................... 82
10
6.3. EUROPE ........................................................................................................................................... 85
6.3.2. Market size and forecast, by carriage type .......................................................... 87
6.3.3. Market size and forecast, by transportation system ....................................... 87
6.3.5. UK ....................................................................................................................................... 90
6.3.6. Germany .......................................................................................................................... 93
6.3.7. France ............................................................................................................................... 96
6.3.8. Russia................................................................................................................................ 99
6.3.8.1. Market size and forecast, by carriage type ................................................. 100
6.3.8.2. Market size and forecast, by transportation system .............................. 100
11
6.3.9. Rest of Europe............................................................................................................. 102
6.4. ASIA-PACIFIC.............................................................................................................................. 105
6.4.1. Key market trends, growth factors, and opportunities ............................... 106
6.4.2. Market size and forecast, by carriage type ....................................................... 106
6.4.3. Market size and forecast, by transportation system .................................... 107
6.4.4. Market size and forecast, by country ................................................................. 108
6.4.5. China .............................................................................................................................. 109
6.4.6. India ............................................................................................................................... 112
6.4.7. Japan .............................................................................................................................. 115
12
6.4.8. Australia ....................................................................................................................... 118
6.4.9. Rest of Asia-Pacific .................................................................................................... 121
6.5. LAMEA .......................................................................................................................................... 124
6.5.1. Key market trends, growth factors, and opportunities ............................... 125
6.5.2. Market size and forecast, by carriage type ....................................................... 125
6.5.3. Market size and forecast, by transportation system .................................... 126
6.5.4. Market size and forecast, by country ................................................................. 126
6.5.5. Latin America .............................................................................................................. 128
6.5.6. Middle East .................................................................................................................. 131
13
6.5.7. Africa .............................................................................................................................. 134
CHAPTER 7 COMPANY PROFILES ........................................................................................................................... 137
7.1. AECOM .......................................................................................................................................... 137
7.1.1. Company overview.................................................................................................... 137
7.1.2. Company snapshot .................................................................................................... 138
7.1.3. Operating business segments ............................................................................... 139
7.1.4. Product portfolio ....................................................................................................... 139
7.1.5. Business performance ............................................................................................. 140
7.1.6. Key strategic moves and developments ............................................................ 142
7.2. DINCLIX GROUNDWORKS. (DGW HYPERLOOP) ............................................................ 143
14
7.3. HYPERLOOP INDIA................................................................................................................... 145
7.4. HYPERLOOP ONE, INC. ............................................................................................................ 147
7.5. HYPERLOOP TRANSPORTATION TECHNOLOGIES ........................................................ 151
15
7.6. SPACE EXPLORATION TECHNOLOGIES CORP. ................................................................ 154
7.7. TESLA, INC. .................................................................................................................................. 157
7.7.5. Business performance ............................................................................................. 159
7.8. TRANSPOD INC. ......................................................................................................................... 162
16
7.9. UWASHINGTON HYPERLOOP ............................................................................................... 165
7.10. VICHYPER .................................................................................................................................... 167
17
LIST OF TABLES
TABLE 1. HYPERLOOP TECHNOLOGY MARKET REVENUE, BY CARRIAGE TYPE,
2022–2026 ($MILLION).............................................................................................. 53
TABLE 2. HYPERLOOP TECHNOLOGY MARKET FOR PASSENGER TYPE, BY REGION,

2023–2026 ($MILLION).............................................................................................. 54
TABLE 3. HYPERLOOP TECHNOLOGY MARKET FOR CARGO/FREIGHT TYPE,

BY REGION, 2023–2026 ($MILLION) ......................................................................... 57
TABLE 4. HYPERLOOP TECHNOLOGY MARKET REVENUE, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) .............................................................................. 59
TABLE 5. HYPERLOOP TECHNOLOGY MARKET FOR TUBES, BY REGION, 2023–2026

($MILLION) ............................................................................................................... 61
TABLE 6. HYPERLOOP TECHNOLOGY MARKET FOR PROPULSION SYSTEM,

BY REGION, 2023–2026 ($MILLION) ......................................................................... 63
TABLE 7. HYPERLOOP TECHNOLOGY MARKET FOR CAPSULES, BY REGION,

2023–2026 ($MILLION).............................................................................................. 65
TABLE 8. HYPERLOOP TECHNOLOGY MARKET FOR ROUTE SYSTEM, BY REGION,

2023–2026 ($MILLION).............................................................................................. 67
TABLE 9. HYPERLOOP TECHNOLOGY MARKET, BY REGION, 2022–2026 ($MILLION) .............. 69
TABLE 10. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE

TYPE, 2022–2026 ($MILLION) ................................................................................... 72
18
TABLE 11. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET,

BY TRANSPORTATION SYSTEM, 2022–2026 ($MILLION) ........................................... 73
TABLE 12. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY,

2022–2026 ($MILLION).............................................................................................. 74
TABLE 13. U.S. HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ........................... 75
TABLE 14. U.S. HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION) ............................................................................................................... 77
TABLE 15. U.S. HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION).............................................................................................. 78
TABLE 16. CANADA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) .................... 79
TABLE 17. CANADA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION).............................................................................................. 80
TABLE 18. CANADA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) .............................................................................. 81
TABLE 19. MEXICO HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) .................... 82
TABLE 20. MEXICO HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION).............................................................................................. 83
TABLE 21. MEXICO HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) .............................................................................. 84
TABLE 22. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION).............................................................................................. 87
TABLE 23. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) .............................................................................. 88
19
TABLE 24. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022–2026

($MILLION) ............................................................................................................... 89
TABLE 25. UK HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ............................. 90
TABLE 26. UK HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION) ............................................................................................................... 91
TABLE 27. UK HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION).............................................................................................. 92
TABLE 28. GERMANY HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ................. 93
TABLE 29. GERMANY HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION).............................................................................................. 94
TABLE 30. GERMANY HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) .............................................................................. 95
TABLE 31. FRANCE HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) .................... 96
TABLE 32. FRANCE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION).............................................................................................. 97
TABLE 33. FRANCE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) .............................................................................. 98
TABLE 34. RUSSIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ..................... 99
TABLE 35. RUSSIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)............................................................................................ 100
TABLE 36. RUSSIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) ............................................................................ 101
20
TABLE 37. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, 2022–2026

($MILLION) ............................................................................................................. 102
TABLE 38. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)............................................................................................ 103
TABLE 39. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET,

BY TRANSPORTATION SYSTEM, 2022–2026 ($MILLION) ......................................... 104
TABLE 40. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)............................................................................................ 107
TABLE 41. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) ............................................................................ 107
TABLE 42. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022–2026

($MILLION) ............................................................................................................. 108
TABLE 43. CHINA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ..................... 109
TABLE 44. CHINA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION) ............................................................................................................. 110
TABLE 45. CHINA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)............................................................................................ 111
TABLE 46. INDIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ...................... 112
TABLE 47. INDIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION) ............................................................................................................. 113
TABLE 48. INDIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)............................................................................................ 114
TABLE 49. JAPAN HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ..................... 115
21
TABLE 50. JAPAN HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION) ............................................................................................................. 116
TABLE 51. JAPAN HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)............................................................................................ 117
TABLE 52. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ............. 118
TABLE 53. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)............................................................................................ 119
TABLE 54. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) ............................................................................ 120
TABLE 55. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, 2022–2026

($MILLION) ............................................................................................................. 121
TABLE 56. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE

TYPE, 2022–2026 ($MILLION) ................................................................................. 122
TABLE 57. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET,

BY TRANSPORTATION SYSTEM, 2022–2026 ($MILLION) ......................................... 123
TABLE 58. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)............................................................................................ 125
TABLE 59. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)............................................................................................ 126
TABLE 60. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022–2026

($MILLION) ............................................................................................................. 127
TABLE 61. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ...... 128
22
TABLE 62. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)............................................................................................ 129
TABLE 63. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) ............................................................................ 130
TABLE 64. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ......... 131
TABLE 65. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)............................................................................................ 132
TABLE 66. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) ............................................................................ 133
TABLE 67. AFRICA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION).................... 134
TABLE 68. AFRICA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–

2026 ($MILLION) ..................................................................................................... 135
TABLE 69. AFRICA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION) ............................................................................ 136
TABLE 70. AECOM: COMPANY SNAPSHOT ............................................................................... 138
TABLE 71. AECOM: OPERATING SEGMENTS ........................................................................... 139
TABLE 72. AECOM: PRODUCT PORTFOLIO .............................................................................. 139
TABLE 73. DINCLIX GROUND WORKS: COMPANY SNAPSHOT ................................................. 143
TABLE 74. DINCLIX GROUND WORKS: OPERATING SEGMENTS .............................................. 144
23
TABLE 75. DINCLIX GROUND WORKS: PRODUCT PORTFOLIO ................................................ 144
TABLE 76. HYPERLOOP INDIA: COMPANY SNAPSHOT ............................................................. 146
TABLE 77. HYPERLOOP INDIA: OPERATING SEGMENTS .......................................................... 146
TABLE 78. HYPERLOOP INDIA: PRODUCT PORTFOLIO ............................................................ 146
TABLE 79. HYPERLOOP ONE, INC.: COMPANY SNAPSHOT ....................................................... 148
TABLE 80. HYPERLOOP ONE, INC.: OPERATING SEGMENTS ................................................... 148
TABLE 81. HYPERLOOP ONE, INC.: PRODUCT PORTFOLIO ...................................................... 149
TABLE 82. HYPERLOOP TRANSPORTATION TECHNOLOGIES: COMPANY SNAPSHOT .............. 151
TABLE 83. HYPERLOOP TRANSPORTATION TECHNOLOGIES: OPERATING SEGMENTS ........... 152
TABLE 84. HYPERLOOP TRANSPORTATION TECHNOLOGIES: PRODUCT PORTFOLIO.............. 152
TABLE 85. SPACE EXPLORATION TECHNOLOGIES CORP: COMPANY SNAPSHOT .................... 155
TABLE 86. SPACE EXPLORATION TECHNOLOGIES CORP: OPERATING SEGMENTS ................ 155
TABLE 87. SPACE EXPLORATION TECHNOLOGIES CORP: PRODUCT PORTFOLIO ................... 156
TABLE 88. TESLA, INC.: COMPANY SNAPSHOT ........................................................................ 157
TABLE 89. TESLA, INC.: OPERATING SEGMENTS ..................................................................... 158
TABLE 90. TESLA, INC.: PRODUCT PORTFOLIO ....................................................................... 159
24
TABLE 91. TRANSPOD INC.: COMPANY SNAPSHOT .................................................................. 163
TABLE 92. TRANSPOD INC.: OPERATING SEGMENTS .............................................................. 163
TABLE 93. TRANSPOD INC.: PRODUCT PORTFOLIO ................................................................. 164
TABLE 94. UWASHINGTON HYPERLOOP: COMPANY SNAPSHOT .............................................. 165
TABLE 95. UWASHINGTON HYPERLOOP: OPERATING SEGMENTS .......................................... 166
TABLE 96. VICHYPER: COMPANY SNAPSHOT ........................................................................... 167
TABLE 97. VICHYPER: OPERATING SEGMENTS ....................................................................... 168
25
LIST OF FIGURES
FIGURE 1. MARKET SEGMENTATION ......................................................................................... 31
FIGURE 2. EXECUTIVE SUMMARY ............................................................................................. 36
FIGURE 3. TOP IMPACTING FACTORS ........................................................................................ 40
FIGURE 4. TOP INVESTMENT POCKETS ..................................................................................... 41
FIGURE 5. MARKET PLAYER POSITIONING ................................................................................ 49
FIGURE 6. NORTH AMERICA HYPERLOOP TECHNOLOGY MARKET ........................................... 70
FIGURE 7. U.S. HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ........................... 76
FIGURE 8. CANADA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) .................... 79
FIGURE 9. MEXICO HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) .................... 82
FIGURE 10. EUROPE HYPERLOOP TECHNOLOGY MARKET ......................................................... 85
FIGURE 11. UK HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ............................. 90
FIGURE 12. GERMANY HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ................. 93
FIGURE 13. FRANCE HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) .................... 96
FIGURE 14. RUSSIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ..................... 99
FIGURE 15. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, 2022–2026

($MILLION) ............................................................................................................. 102
FIGURE 16. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET ............................................... 105
26
FIGURE 17. CHINA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ..................... 109
FIGURE 18. INDIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ...................... 112
FIGURE 19. JAPAN HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ..................... 115
FIGURE 20. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ............. 118
FIGURE 21. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, 2022–2026

($MILLION) ............................................................................................................. 121
FIGURE 22. LAMEA HYPERLOOP TECHNOLOGY MARKET ......................................................... 124
FIGURE 23. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ...... 128
FIGURE 24. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION) ......... 131
FIGURE 25. AFRICA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION).................... 134
FIGURE 26. AECOM: REVENUE, 2014–2016 ($MILLION) ............................................................ 140
FIGURE 27. AECOM: REVENUE SHARE BY SEGMENT, 2016 (%) ................................................ 141
FIGURE 28. AECOM: REVENUE SHARE BY GEOGRAPHY, 2016 (%) ........................................... 141
FIGURE 29. TESLA, INC.: REVENUE, 2014–2016 ($MILLION) ..................................................... 159
FIGURE 30. TESLA, INC.: REVENUE SHARE BY SEGMENT, 2016 (%) ......................................... 160
FIGURE 31. TESLA, INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%) .................................... 160
27
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION

Hyperloop is a conceptual high-speed transportation system, the route of which was initially proposed from Los
Angeles to San Francisco. This technology propels a pod-like vehicle through a reduced-pressure tube, which
potentially exceeds airliner speeds. The average travelling speed is expected to be 600 mph with a maximum speed of
760 mph. Passenger and freight are loaded into the hyperloop and accelerate gradually through electric propulsion
via a low-pressure tube. The tubes are made out of thick, strong steel and can handle 100 Pa of pressure or even more.
The conventional means of transportation (road, water, air, and rail) are usually a combination of expensive, slow, and
environmentally harmful factors. Road travel is particularly problematic, owing to emission of hazardous air
pollutants and fluctuation of oil prices. As the environmental impact of energy consumption continues to worsen,
mass transit is anticipated to be crucial in the years to come. The growth of the hyperloop technology market is
majorly driven by less clean energy nature and safer infrastructure of the hyperloop. Moreover, features such as less
land area requirement and technology that is not vulnerable to earthquakes & other natural calamities boost the
growth of the market. However, the possibility of technical glitches and shortage of power acts as the considerable
restraints of the market.
The report segments the hyperloop technology market on the basis of technology type, carriage type, and region.
Based on technology type, the market is categorized into tube, propulsion, capsule, and route.
28
According to carriage type, it is bifurcated into passenger and cargo/freight. Geographical breakdown and deep
analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as Hyperloop Transportation
Technologies, Hyperloop One, TransPod Inc., DGWHyperloop, Space Exploration Technologies Corporation, AECOM,
Tesla, Hyperloop India, UW Hyperloop, and VicHyper Pty Ltd are included in the study.
1.2. KEY BENEFITS FOR STAKEHOLDERS

✓ This report provides an extensive analysis of the current and emerging trends & dynamics in the global
hyperloop technology market.
✓ In-depth analysis has been done in this report by constructing market estimations for the key segments.
✓ This study evaluating competitive landscape has been taken into account to understand the competitive
environment across the geographies.
✓ This report entails the detailed quantitative analysis of the current market and estimations from 2022 to 2026,
which assists to identify the prevailing market opportunities.
✓ Comprehensive analysis of factors that drive and restrict the growth of the global hyperloop technology
market is provided.
✓ Extensive analysis of the market is conducted by following key product positioning and monitoring the top
competitors within the market framework.
✓ Comprehensive analysis of all regions are provided that determines the prevailing opportunities in these
geographies
29
1.3. KEY MARKET SEGMENTS

By Transportation System
✓ Tube
✓ Propulsion
✓ Capsule
✓ Route
By Carriage Type
✓ Passenger
✓ Cargo/Freight
By Region
✓ North America ✓ Asia-Pacific
o U.S. o China
o Canada o India
o Mexico o Japan
✓ Europe o Australia
o Rest of Asia-Pacific
o UK
o Germany ✓ LAMEA
o France o Latin America
o Russia o Middle East
o Rest of Europe o Africa
30
FIGURE 1. MARKET SEGMENTATION
BY GEOGRAPHY
BY TRANSPORTATION North America Asia-Pacific
SYSTEM
• Canada • China
• Tube • Mexico • Japan
• Propulsion • U.S. • India
• Capsule Europe • Australia
• Route • France • Rest of Asia-Pacific
• Germany LAMEA
• UK • Africa
• Russia • Latin America
• Rest of Europe • Middle East
BY CARRIAGE TYPE
• Passenger
• Cargo/Freight
Source: AMR Analysis
31
1.4. RESEARCH METHODOLOGY

With collective industry experience of about 100 years of its analysts and experts, Allied Market Research (AMR)
encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does
the company dig deep into the innermost levels of the market, but also examines the minutest details for its market
estimates and forecasts. This approach helps build a greater market-specific view for size, shape, and industry trends
within each industry segment. Various industry trends and real-time developments are factored into identify key
growth factors and the future course of the market. The research proceeds are the results of high quality data, expert
views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of
the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.
AMR offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely
include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry
experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular
industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our
recommendations and advice. With AMR’s calibrated research process and 360° data-evaluation methodology, the
clients receive:
✓ Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business
planning
✓ Technologically sophisticated and reliable insights through a well-audited and veracious research
methodology
✓ Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, AMR ensures that its research and analysis is most reliable and guarantees sound
business planning.
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The research methodology of the Latin America Copper Cable Market for LAN Application involves extensive primary
and secondary research. Primary research includes about 12 hours of interviews and discussions with a wide range of
stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research
efforts, coherently supported by extensive secondary research. Over 2,765 product literatures, industry releases,
annual reports, and other such documents of key industry participants have been reviewed to obtain a better market
understanding and gain an enhanced competitive intelligence. In addition, authentic industry journals, trade
associations’ releases, and government websites have also been reviewed to generate high value industry insights.
1.4.1. Primary research

Primary research efforts include reaching out to participants through emails, telephonic-conversations, referrals,
professional networks, and formal interactions. AMR also maintains professional corporate relations with various
companies that make way for greater flexibility in reaching out to industry participants and commentators for
interviews and discussions. The aforementioned helps to:
✓ Validate and improve data quality and strengthen the research proceeds
✓ Develop a market understanding and expertise
✓ Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel. These participants
include, but are not limited to:
✓ Chief executives and VPs of leading corporations specific to an industry

✓ Product and sales managers or country heads; channel partners & top level distributors; banking, investments,
and valuation experts
✓ Key opinion leaders (KOLs)
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1.4.2. Secondary research

A broad array of industry sources for the secondary research typically includes, but is not limited to:
✓ Company SEC filings, annual reports, company websites, broker & financial reports, and investor
presentations for a competitive scenario and shape of the industry
✓ Patent and regulatory databases to understand technical & legal developments
✓ Scientific and technical writings for product information and related preemptions
✓ Regional government and statistical databases for macro analysis
✓ Authentic news articles, web-casts, and other related releases to evaluate the market
✓ Internal and external proprietary databases, key market indicators, and relevant press releases for market
estimates and forecasts
1.4.3. Analyst tools and models

AMR has developed a set of analyst tools and data models to supplement and expedite the analysis process
corresponding to markets where there is a significant lack of information and estimates. These models help interpret
qualitative and quantitative industry indicators to obtain industry estimates. These models examine the prospects and
opportunities that are predominant in the market.
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CHAPTER 2 EXECUTIVE SUMMARY

The hyperloop technology market generated revenue worth $1,350 million in 2022, and is projected to reach $6,000
million by 2026, registering a CAGR of 45.2% during the forecast period. The key factors that drive the growth of the
market include the energy-efficient nature and safe infrastructure of the hyperloop technology. Moreover, features
such as less land area requirement and technology that is not vulnerable to earthquakes & other natural calamities
boost the growth of the market.
35
FIGURE 2. EXECUTIVE SUMMARY
GLOBAL HYPERLOOP 2022 2026 CAGR (2023-2026)

TECHNOLOGY MARKET $1,350 Million $6,000 Million 45.2%
Hyperloop
Dinclix Ground Hyperloop One,
Key Players
AECOM Hyperloop India Transportation
Works Inc.
Technology
Space Exploration
Uwashington
Technologies Tesla, Inc. TransPod Inc. VicHyper
Hyperloop
Crop.
Segments Subsegments Revenue - 2022 Forecast - 2026 CAGR (2023-2026)
Tube $426 Million $2,072 Million 48.5%

Propulsion $202 Million $1122 Million 53.3%
Transportation System
Capsule $201 Million $703 Million 36.6%
Route $522 Million $2,103 Million 41.6%
Passenger $1076 Million $4715 Million 44.7%
Carriage Type
Cargo/Freight $274 Million $1285 Million 47.1%
Growth Rate High Medium Low Predominant Segment
36
Geography Region/Country Revenue - 2016 Forecast – 2023 CAGR (2017-2023)
U.S. $104 Million $481 Million 46.6%

North America Canada $59 Million $291 Million 48.9%
Mexico $39 Million $192 Million 49.2%
UK $92 Million $393 Million 43.6%
Germany $66 Million $319 Million 48.3%
Europe France $33 Million $164 Million 49.3%
Russia $26 Million $126 Million 48.4%
Rest of Europe $55 Million $270 Million 48.8%
China $151 Million $575 Million 39.6%
India $114 Million $474 Million 42.9%
Asia-Pacific Japan $93 Million $402 Million 44.0%
Australia $51 Million $221 Million 44.7%
Rest of Asia-Pacific $136 Million $567 Million 42.9%
Latin America $77 Million $368 Million 47.8%
LAMEA Middle East $221 Million $991 Million 45.6%
Africa $34 Million $166 Million 48.8%
Growth Rate High Medium Low Predominant Segment
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2.1. CXO PERSPECTIVES

In accordance with the insights by the CXOs of the leading companies, the global hyperloop technology market is
projected to witness considerable growth, especially in Asia-Pacific and LAMEA, owing to rise in environmental
concerns and increase in need for faster transportation mode.
Asia-Pacific is anticipated to be the dominant region in the global hyperloop technology market during the forecast
period, followed by LAMEA. From a growth perspective, LAMEA and Europe are expected to witness considerable
growth in the future.
38
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE

Hyperloop is a conceptual high-speed, intercity surface transportation system, which uses pod or capsule-like vehicle
in a sealed vacuum tubes with reduced pressure. The average travelling speed is expected to be 600 mph with a
maximum speed of 760 mph, which is faster than other alternative mode of transportation such as air, water, road,
and rail. Hyperloop comprises a sealed tube through which a pod or capsule travels free of air resistance or friction,
conveying passenger and freight at high speed.
The scope of hyperloop technology market is derived from various transportation systems, including tube, propulsion,
capsule, and route. The report includes a micro-level study of different regions adopting hyperloop technology for
various carriage types. In addition, it discusses the potential opportunities for market players to enter the market.
Moreover, it provides an in-depth market analysis of hyperloop technology, outlining current trends, key driving
factors, and potential areas for product investments.
The global hyperloop technology market is analyzed based on four regions, North America, Europe, Asia-Pacific, and
LAMEA. Furthermore, the report highlights the competitive landscape of key market players to increase their shares
and sustain the intense competition in the industry. Hyperloop Transportation Technologies, Hyperloop One,
TransPod Inc., DGWHyperloop, Space Exploration Technologies Corporation, AECOM, Tesla, Hyperloop India, UW
Hyperloop, and VicHyper Pty Ltd. are some of the key players operating in the industry.
39
3.2. KEY FINDINGS

3.2.1. Top impacting factors
The key impacting factors of the hyperloop technology market include high speed of hyperloop technology in
comparison to other modes of transportation, rise in environmental concerns, low cost of the technology as compared
to other similar technologies, safety & security concerns, and decongestion of traffic. These factors are anticipated to
either drive or hamper the market growth.
FIGURE 3. TOP IMPACTING FACTORS
High speed of hyperloop

technology in comparison
to other modes of
transportation
Rise in environmental
Decongestion of traffic
concerns
Low cost of hyperloop

Safety and security technology as compared
concerns to others similar
technologies
2022 2026
Source: Primary & Secondary Research, and AMR Analysis
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3.2.2. Top investment pockets

The below mentioned figure signifies the growth potential of the hyperloop technology market based on various
transportation system, including capsule, propulsion, tubes, and route. The propulsion system is projected to grow at
the highest CAGR of 53.30% during the forecast period, followed by tube with a CAGR of 48.50%.
FIGURE 4. TOP INVESTMENT POCKETS
Capsule
Propulsion
Market Growth
Tubes
Route
Market Attractiveness
Source: Primary & Secondary Research, and AMR Analysis
41
3.2.3. Top winning strategies

Top winning strategies are analyzed by performing a thorough study of the leading players in the hyperloop
technology Market. Comprehensive analysis of recent developments and growth curves of various companies have
helped to understand the growth strategies adopted by them and their potential effect on the market. The companies
have been evaluated based on annual reports, SEC filings, and press releases. The key strategies traced from the
analysis of recent developments of the key players in the hyperloop technology market are as follows:
✓ Agreement: It includes contract, a legally binding agreement, between two or more entities to chase mutual
business goals and objectives.
✓ Partnership: This move is adopted by companies to expand their geographical presence and cater to
increasing customer demands.
✓ Product development: This includes introduction of new and unique technologies in the market
✓ Collaboration: This strategy is adopted to enhance effective operations & expansion and increase the customer
base.
✓ Proposed plan: It includes developing, planning, and estimation of innovative technologies.
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3.2.3.1. Top winning strategies, by year, 2015–2017*
12 11
No of Developments 10
8 7
0
2016 2017
Year
Source: Company Website, Annual Report, Secondary Research, and AMR Analysis
*Considered till January 2018
43
3.2.3.2. Top winning strategies, by development, 2015–2017* (%)

5.6%
22.2% Agreement
Collaboration
33.3%
5.6% Partnership
Product Development
33.3% Proposed Plan
44
3.2.3.3. Top winning strategies, by company, 2015–2017*

7
5 2
No of Developments
1
4
1 1
3
2 4 2
3
1
1 1 1 1
0
AECOM Dinclix Ground Works Hyperloop One Hyperloop Tesla, Inc TransPod, Inc
Transportation
Technologies
Agreement Collaboration Partnership Product Development Proposed Plan
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3.3. PORTER’S FIVE FORCES ANALYSIS

The degree of industry attractiveness in the hyperloop technology market is analyzed based on an impact of the five
major forces on the market. Porter’s Five Forces analysis for the market includes the impact of suppliers, industry
rivals, new entrants, substitute products, and buyers on the market growth.
3.3.1. Moderate bargaining power of suppliers
Determinant Determinant Strength Determinant Impact on Market

Number of Hyperloop Technology Low Moderate High
Moderate
Providers
Product Differentiation Low Low Moderate High
Switching Cost Moderate Low Moderate High
Low Moderate High

Product Quality High
Forward Integration Low Low Moderate High
46
3.3.2. Moderate threat of new entrants
Investment Cost High Low Moderate High
Legal Barriers Moderate Low Moderate High
Government Policies Moderate Low Moderate High
Demand Potential High Low Moderate High
Brand Loyalty Moderate Low Moderate High
3.3.3. High threat of substitutes
Product Differentiation Moderate Low Moderate High
Price War High Low Moderate High
Ease of Substitution High Low Moderate High
Brand Loyalty Moderate Low Moderate High
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3.3.4. High intensity of rivalry
Number of Players Moderate Low Moderate High
Exit Barriers Low Low Moderate High
Strategies High Low Moderate High
Innovation High Low Moderate High
Growth Rate High Low Moderate High
3.3.5. Moderate bargaining power of buyers
Number of Buyers Moderate Low Moderate High
Switching Cost Moderate Low Moderate High
Product Dependency High Low Moderate High
Backward Integration Low Low Moderate High
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3.4. MARKET PLAYER POSITIONING

FIGURE 5. MARKET PLAYER POSITIONING
Hyperloop One, Inc.
5
Space Exploration
AECOM Technologies Corp.
4.5 High Tesla, Inc.
UWashington
Hyperloop
Hyperloop
4 Transportation
Technology
Competitive Strength
Dinclix Ground Works

3.5
Medium
3 Transpod Inc.
Hyperloop India
VicHyper
2.5
2
Low
1.5
1
0 2 4 6 8 10 12
Market Positioning
Source: Primary & Secondary Research and AMR Analysis
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3.5. MARKET DYNAMICS

3.5.1. Drivers
3.5.1.1. High speed of hyperloop technology in comparison to other modes of
transportation
The hyperloop technology is a pod-like vehicle, which operates through a reduced-pressure tube that reaches average
speeds of more than 350 miles per hour. For instance, it will take travelers from Los Angle to San Francisco and vice
versa in just 35 minutes for a distance of 347 miles. Conversely, the bullet train runs at a speed of 150 miles per hour,
taking people from Los Angles to Las Vegas in 80 minutes for a distance of 229 miles. Moreover, the distance between
San Francisco and Los Angle is six to eight hours, depending on traffic but the Hyperloop transportation technology
cuts that commute to just 30 minutes. Hence, the high speed of this technology as compared to other transportation
modes is driving the growth of the global market.
3.5.1.2. Rise in environmental concerns

Owing to rise in concerns of environment degradation and depletion of natural resources, various technologies are
being launched in the market that support the eco-friendly concept to sustain the environment. Moreover, increase in
awareness towards the consequences of air pollution and rise in levels of exposure to traffic & noise drive the
adoption of hyperloop transportation technology, as it is eco-friendly than road vehicles. Moreover, hyperloop is
designed to be self-powered by solar arrays atop its tube, which helps in promoting sustainability and reducing
carbon footprint & greenhouse gas emission.
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3.5.1.3. Low cost of hyperloop technology as compared to other similar technologies

The hyperloop transportation system costs low as compared to other modes of transportations. For instance, for
people travelling from Los Angeles to San Francisco through hyperloop, the cost will reach only up to $30, bringing a
roundtrip ticket to $60 for distance of 347 miles. On the other hand, the average price of a roundtrip ticket between
Los Angeles and Las Vegas through a bullet train costs $89 for a distance of 229 miles. In addition, a plane ride takes
80 minutes from San Francisco to Los Angeles and costs $125. Thus, low price of hyperloop transportation technology
over other forms of transportations such as bullet train and plane drives the market towards.
3.5.2. Restraint
3.5.2.1. Safety and security concerns
Hyperloop technology has transformed the travelling experience, as it is the fastest mode of transportation over
conventional modes such as road, water, air, and rail. Furthermore, the benefits such as minimum cost, high speed,
environment-friendly nature, and energy-efficient approaches are attracting investors towards it. However, safety and
security concerns of passengers are expected to hinder the market growth. For instance, single breach in hyperloop
can cause major damage, as air would rush into the tube at about the speed of sound. Moreover, any crash or failure in
the hyperloop capsule can expose the passenger to hard vacuum, causing them to lose their lives. Hence, increase in
concern over technical flaws in the technology that can directly impact the safety and security of passengers hampers
the market growth.
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3.5.3. Opportunity
3.5.3.1. Decongestion of traffic
Job opportunities and slow transportation have led to surge in migration to cities, which result in significant surge in
population. In addition, to reach a location from the other in a city is tedious, owing to heavy traffic. Thus, the
abovementioned factors are expected to boost the demand for transportation mode such as hyperloop technology,
which cuts down on travel time and the distance between residence & work place. Furthermore, the benefits such as
high speed, low cost, and energy efficiency are attracting the cities to adopt hyperloop technology for transportation.
This will help in decongestion of traffic, as the travel time will significantly reduce. Moreover, increase in congestion in
cities due to consistently rising population is anticipated to provide potential opportunities for the market expansion.
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CHAPTER 4 HYPERLOOP TECHNOLOGY

MARKET, BY CARRIAGE TYPE
4.1. OVERVIEW
The global hyperloop technology market was valued at $1,350.00 million in 2022, and is projected to reach $6,000.00
million by 2026, registering a CAGR of 45.2% from 2023 to 2026. The passenger segment was the highest contributor
to the market, with $1,075.77 million in 2022, and is estimated to reach $4,715.37 million by 2026, at a CAGR of
44.70% during the forecast period. The cargo/freight segment is estimated to reach $1,284.63 million by 2026 at a
CAGR of 47.10%.
TABLE 1. HYPERLOOP TECHNOLOGY MARKET REVENUE, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 1,076 1,556 2,252 3,259 4,715 44.7%
Cargo/Freight 274 404 594 873 1,285 47.1%
Total 1,350 1,960 2,846 4,132 6,000 45.2%

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4.2. PASSENGER
4.2.1. Key market trends, growth factors, and opportunities
By carriage type, the passenger transportation segment is expected to grow at the highest rate, owing to the high
speed of the transportation mode and its low cost. In addition, compared to other modes of transportation such as
water, air, train, and road, hyperloop technology provides the fastest mode of passenger transportation. Furthermore,
the extensive support from government, energy-efficient nature of the technology, and advanced construction
facilities contribute towards the growth of the passenger transportation segment.
4.2.2. Market size and forecast, by region

The passenger global hyperloop technology market was valued at $1,075.77 million in 2022, and is projected to reach
$4,715.37 million by 2026, growing at a CAGR of 44.7% from 2022 to 2026. Asia-Pacific was the highest contributor to
this market, with $433.21 million in 2022, and is estimated to reach $1,756.92 million by 2026, registering a CAGR of
41.9%. North America is estimated to reach $758.37 million by 2026 at a CAGR of 47.3%.
TABLE 2. HYPERLOOP TECHNOLOGY MARKET FOR PASSENGER TYPE, BY REGION,

2023–2026 ($MILLION)
CAGR%
Region 2022 2023 2024 2025 2026
(2023–2026)
North America 161 237 350 515 758 47.3%
Europe 218 319 468 685 1,003 46.5%
Asia-Pacific 433 615 873 1,239 1,757 41.9%
LAMEA 264 385 562 820 1,197 46.0%
Total 1,076 1,556 2,252 3,259 4,715 44.7%
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4.2.3. Market size and forecast, by country
55
4.3. CARGO/FREIGHT
The cargo/freight segment is expected to witness significant growth during the forecast period, owing to increase in
need for fast delivery services. Hyperloop plays a vital role in freight transportation, as it ships containers and pallets
considerably faster than traditional trains, water, and road way options, and is less expensive than air freight and
other alternatives modes of transportation. The purpose of hyperloop is to improve efficiency of freight supply chains,
by connecting two distant metros and create a geographical cluster that helps to reduce inventory costs, promote just-
in-time strategies, and expand same-day delivery service areas. Hence, it helps for better accessibility to manufacture
hubs and retail stores, as it saves travel time, and is anticipated to extend the effective economic boundary of cities.

The cargo/freight hyperloop technology market was valued at $274.23 million in 2022, and is projected to reach
this market, with $111.24 million in 2022, and is estimated to reach $482.28 million by 2026, registering a CAGR of
56
TABLE 3. HYPERLOOP TECHNOLOGY MARKET FOR CARGO/FREIGHT TYPE, BY REGION,

2023–2026 ($MILLION)
CAGR%
Region 2022 2023 2024 2025 2026
(2023–2026)
North America 41 61 92 137 205 49.7%
Europe 55 81 121 181 269 49.0%
Asia-Pacific 111 161 232 334 482 44.3%
LAMEA 68 100 149 221 328 48.4%
Total 274 404 594 873 1,285 47.1%

57

MARKET, BY TRANSPORTATION
SYSTEM
5.1. OVERVIEW
million by 2026, registering a CAGR of 45.2% from 2023 to 2026. The route segment was the highest contributor to
the market, with $521.85 million in 2022, and is estimated to reach $2,102.65 million by 2026, at a CAGR of 41.60%
during the forecast period. The propulsion segment is estimated to reach $1,121.79 million by 2026 at a CAGR of
53.30%. The route and tube segments jointly accounted for about 70.20% share of the global hyperloop technology
market in 2022, with the former constituting around 38.66% share. The propulsion and tube segments are expected
to witness significant growth rates at a CAGR of 53.30% and 48.50%, respectively, during the forecast period. The
cumulative share of these two segments is expected to be 46.47% in the global hyperloop technology market in 2022,
and is anticipated to reach 53.24% by 2026.
58
TABLE 4. HYPERLOOP TECHNOLOGY MARKET REVENUE, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
Transportation System 2022 2023 2024 2025 2026
(2023–2026)
Tube 426 633 940 1,396 2,072 48.5%
Propulsion 202 311 479 734 1,122 53.3%
Capsule 201 276 378 516 703 36.6%
Route 522 740 1,049 1,486 2,103 41.6%
Total 1,350 1,960 2,846 4,132 6,000 45.2%

59
5.2. TUBE
Hyperloop comprises a sealed tube through which a pod or capsule travels free of air resistance or friction conveying
passenger and freight at high speed. Passenger and freight are loaded into the hyperloop and accelerate gradually
through electric propulsion via a low-pressure tube. The tubes are made out of thick, strong steel and can handle 100
Pa of pressure or even more. Furthermore, the steel tube suspended on pylons above ground will benefit of saving
money and providing protection from earthquakes. In addition, solar panels are placed on top of the tube to generate
the energy needed to operate, and store the energy in battery packs to operate at night and for periods of extended
cloudy weather. Moreover, tube is considered as an integral part of the hyperloop technology, owing to its several
function and benefits such as high speed as compared to other modes of transportation, low cost, environment-
friendly nature, and others, which drive the adoption of hyperloop technology.
5.2.2. Market size and forecast, region

The tube global hyperloop technology market was valued at $425.90 million in 2022, and is projected to reach
60
TABLE 5. HYPERLOOP TECHNOLOGY MARKET FOR TUBES, BY REGION, 2023–2026

($MILLION)
CAGR%
Region 2022 2023 2024 2025 2026
(2023–2026)
North America 64 96 146 221 334 51.3%
Europe 86 130 195 294 441 50.3%
Asia-Pacific 171 249 363 529 769 45.6%
LAMEA 105 157 236 353 528 49.7%
Total 426 633 940 1,396 2,072 48.5%

5.2.3. Market size and forecast, country
61
5.3. PROPULSION
Propulsion system is required to make hyperloop technology work, as it eliminates friction and air resistance so that
pod shoots through the tube at highest speed with least energy. Passenger and freight are loaded into the hyperloop,
and accelerate gradually through electric propulsion via a low-pressure tube. Hyperloop One, one of the leading
vendors working on this technology, has accomplished first open-air test of a prototype propulsion system. In
addition, the company closed approximately $80 million series funding, including investment from the French
national rail company. Thus, increase in support from local government and investors is fueling the growth of
hyperloop technology market globally.

The propulsion global hyperloop technology market was valued at $201.50 million in 2022, and is projected to reach
51.7%. LAMEA is estimated to reach $293.58 million by 2026 at a CAGR of 59.4%.
62
TABLE 6. HYPERLOOP TECHNOLOGY MARKET FOR PROPULSION SYSTEM, BY REGION,

2023–2026 ($MILLION)
CAGR%
Region 2022 2023 2024 2025 2026
(2023–2026)
North America 32 47 68 99 143 45.1%
Europe 43 66 103 160 247 54.9%
Asia-Pacific 82 126 191 290 439 51.7%
LAMEA 45 73 116 185 294 59.4%
Total 202 311 479 734 1,122 53.3%

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5.4. CAPSULE
The hyperloop capsule is a pod-like vehicle, which operates in a minimum pressure tube moving at high velocity.
Initially, the original route was proposed to run from the Greater Los Angeles to San Francisco Bay, however, now
France is expected to have the first high-speed passenger capsule. Hyperloop Transportation Technologies (HTT), one
of the leading companies making a significant effort to turn the project into reality, is constructing its first passenger
capsule, and is associated with Carbures S.A., a Spanish company. The HTT passenger capsule is expected to seat
between 28–40 people, and is designed to travel at more than 700 mph. Furthermore, the commercial capsule is
estimated to be about 100 feet long, with a nine-foot diameter and weight of 20 tons. Moreover, the safety guarantee
of passenger among all the other factor by manufacturer is fueling the growth of this segment.

The capsule global hyperloop technology market was valued at $200.75 million in 2022, and is projected to reach
$703.18 million by 2026, growing at a CAGR of 36.6% from 2022 to 2026. Asia-Pacific was the highest contributor to
64
TABLE 7. HYPERLOOP TECHNOLOGY MARKET FOR CAPSULES, BY REGION, 2023–2026

($MILLION)
CAGR%
Region 2022 2023 2024 2025 2026
(2023–2026)
North America 27 41 63 98 150 53.8%
Europe 37 52 73 102 143 40.2%
Asia-Pacific 86 113 147 189 240 28.7%
LAMEA 51 70 95 128 170 34.6%
Total 201 276 378 516 703 36.6%

65
5.5. ROUTE
According to feasibility analysis by the U.S. Department of Transportation, Hyperloop routes are six times more
energy efficient as compared to short route air travel and three times faster as compared to the high-speed rails.
Routes play a vital role in hyperloop transportation technology, as they differ from location to location. As with any
transportation system, there are several variables such as land acquisition, the need of tunnel, and the number of
stations along the route. For instance, the Abu Dhabi to Dubai Hyperloop project plans to have underwater tubes.
Hyperloop One, one of the leading vendors of hyperloop technology, has assessed its first ten planned routes, which
include U.S. Chicago–Columbus–Pittsburgh 488 miles, U.S. Dallas–Leredo–Houston 640 miles, U.S. Cheyenne–Denver–
Pueblo 360 miles, U.S. Miami–Orlando 257 miles, India Bengaluru–Chennai 208 miles, India Mumbai–Chennai 685
miles, UK Edinburgh–London 414 miles, Mexico, Mexico City–Guadalajara 330 miles, and Canada Toronto–Montreal
400 miles. Hence, increase in popularity of hyperloop benefits such as energy efficiency and high speed is attracting
multiple vendors, thereby boosting the market growth.

The route global hyperloop technology market was valued at $521.85 million in 2022, and is projected to reach
66
TABLE 8. HYPERLOOP TECHNOLOGY MARKET FOR ROUTE SYSTEM, BY REGION,

2023–2026 ($MILLION)
CAGR%
Region 2022 2023 2024 2025 2026
(2023–2026)
North America 79 114 164 235 337 43.4%
Europe 107 152 217 310 442 42.6%
Asia-Pacific 205 288 404 565 791 40.0%
LAMEA 130 186 264 375 533 42.1%
Total 522 740 1,049 1,486 2,103 41.6%

67

MARKET, BY REGION
6.1. OVERVIEW
million by 2026, registering a CAGR of 45.2% from 2023 to 2026. Asia-Pacific was the highest contributor to the global
market, with $544.46 million in 2022, and is estimated to reach $2,239.20 million by 2026, registering a CAGR of
42.4% during forecast period. North America market is estimated to reach $963.60 million by 2026 at a significant
CAGR of 47.8%. Asia-Pacific and LAMEA jointly accounted for about 64.87% share of the global hyperloop technology
market in 2022, with the former constituting around 40.33% share. North America and Europe are expected to
witness significant growth rates at a CAGR of 47.8% and 47.0%, respectively, during the forecast period. The
cumulative share of these two segments is expected to be 35.13% in the global hyperloop technology market in 2022,
68
TABLE 9. HYPERLOOP TECHNOLOGY MARKET, BY REGION, 2022–2026 ($MILLION)

CAGR%
Region 2022 2023 2024 2025 2026
(2023–2026)
North America 202 299 441 652 964 47.8%
Europe 272 400 589 866 1,273 47.0%
Asia-Pacific 544 776 1,105 1,573 2,239 42.4%
LAMEA 331 485 711 1,041 1,525 46.5%
Total 1,350 1,960 2,846 4,132 6,000 45.2%

69
6.2. NORTH AMERICA

The North American market is analyzed across the U.S., Canada, and Mexico. Huge investment on advance technology
for faster transportation and increase in environmental concerns about the emissions of hazardous air pollutants are
anticipated to fuel the adoption hyperloop technology in this region.
FIGURE 6. NORTH AMERICA HYPERLOOP TECHNOLOGY MARKET
North America Mexico accounted for the Cargo/Freight segment

accounted for 15.0% highest CAGR of 49.2% witnessed a CAGR of 49.7 %
market share in 2022 during the forecast period during the forecast period
HYPERLOOP TECHNOLOGY MARKET, 2022 ($MILLION)
CAG R%
CO UNTRY M ARKET SIZE
( 2023-2026)
U.S. $104 MN 46.6
North America
Can ada $ 59MN 48.9

M exico $39 MN 49.2
NORTH AMERICA HYPERLOOP TECHNOLOGY MARKET SIZE, BY COUNTRY, 2022 & 2026 (%)
19% 20%
U.S.
2022 Canada 2026 50%

52%
29% Mexico 30%
70

The North America hyperloop technology market was valued at $201.96 million in 2022, and is projected to reach
$963.60 million by 2026, registering a CAGR of 47.8% from 2023 to 2026. U.S. was the highest contributor to the
North America market, with $104.13 million in 2022, and is estimated to reach $480.93 million by 2026, registering a
CAGR of 46.6% during forecast period. Mexico market is estimated to reach $191.85 million by 2026 at a significant
CAGR of 49.2%. U.S. and Canada jointly accounted for about 80.84% share of the North America hyperloop technology
market in 2022, with the former constituting around 51.56% share. Mexico and Canada are expected to witness
significant growth rates at a CAGR of 49.2% and 48.9%, respectively, during the forecast period. The cumulative share
of these two segments is expected to be 48.44% in the North America Hyperloop Technology Market in 2022, and is
anticipated to reach 50.09% by 2026.
North America is the expected to grow at the highest CAGR during the forecast period, owing to the presence of major
players offering this technology. The key factors driving the growth of the North American market is rise in demand
for low-cost transportation mode and surge in demand for fast delivery process among vendors. Furthermore,
increase in popularity of just-in-time concept among manufacturers is fueling the growth of the market, as it is the
fastest transportation mode as compared to other alternative modes of transportation.
71
6.2.2. Market size and forecast, by carriage type

$963.60 million by 2026, growing at a CAGR of 47.8% from 2022 to 2026. Passenger segment was the highest
contributor to this market, with $161.17 million in 2022, and is estimated to reach $758.37 million by 2026,
registering a CAGR of 47.3%. Cargo/Freight segment is estimated to reach $205.23 million by 2026 at a CAGR of
49.7%.
TABLE 10. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 161 237 350 515 758 47.3%
Cargo/Freight 41 61 92 137 205 49.7%
Total 202 299 441 652 964 47.8%

6.2.3. Market size and forecast, by transportation system

$963.60 million by 2026, growing at a CAGR of 47.8% from 2022 to 2026. Route segment was the highest contributor
to this market, with $79.46 million in 2022, and is estimated to reach $336.69 million by 2026, registering a CAGR of
43.4%. Capsule segment is estimated to reach $149.84 million by 2026 at a CAGR of 53.8%.
72
TABLE 11. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

SYSTEM, 2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 64 96 146 221 334 51.3%
Propulsion 32 47 68 99 143 45.1%
Capsule 27 41 63 98 150 53.8%
Route 79 114 164 235 337 43.4%
Total 202 299 441 652 964 47.8%


$963.60 million by 2026, registering a CAGR of 47.8% from 2023 to 2026. U.S. was the highest contributor to the
North America market, with $104.13 million in 2022, and is estimated to reach $480.93 million by 2026, registering a
CAGR of 46.6% during forecast period. Mexico market is estimated to reach $191.85 million by 2026 at a significant
CAGR of 49.2%. U.S. and Canada jointly accounted for about 80.84% share of the North America hyperloop technology
market in 2022, with the former constituting around 51.56% share. Mexico and Canada are expected to witness
significant growth rates at a CAGR of 49.2% and 48.9%, respectively, during the forecast period. The cumulative share
of these two segments is expected to be 48.44% in the North America hyperloop technology market in 2022, and is
anticipated to reach 50.09% by 2026.
73
TABLE 12. NORTH AMERICAN HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY,

2022–2026 ($MILLION)
CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
U.S. 104 153 224 328 481 46.6%
Canada 59 88 131 195 291 48.9%
Mexico 39 58 86 129 192 49.2%
Total 202 299 441 652 964 47.8%

74
6.2.5. U.S.
According to feasibility analysis by the U.S. Department of Transportation (DOT), hyperloop routes are six times more
energy efficient as compared to short routes air travel, and three times faster as compared to the high-speed rails.
Hyperloop One, one of the leading vendors of hyperloop technology, has assessed several proposals, and has
identified the strongest routes of the U.S., which include Cheyenne–Denver–Pueldo 360 miles, Chicago–Columbus–
Pittsburgh 488 miles, Niani–Orlando 257 miles, and Dallas–Houston 640 miles for the implementation of hyperloop
technology.
TABLE 13. U.S. HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
U.S. 104 153 224 328 481 46.6%

75
FIGURE 7. U.S. HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
600
Market Revenue ($million)

500
400
300
481
200
328
100 224
153
104
0
2022 2023 2024 2025 2026
Year
6.2.5.1. Market size and forecast, by carriage type

The U.S. hyperloop technology market was valued at $104.13 million in 2022, and is projected to reach $480.93
to the U.S. market, with $83.19 million in 2022, and is estimated to reach $378.93 million by 2026, registering a CAGR
of 46.1% during forecast period. The cargo/freight segment is estimated to reach $102.01 million by 2026 at a
significant CAGR of 48.5%.
76
TABLE 14. U.S. HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 83 122 178 260 379 46.1%
Cargo/Freight 21 31 46 69 102 48.5%
Total 104 153 224 328 481 46.6%

6.2.5.2. Market size and forecast, by transportation system

The U.S. hyperloop technology market was valued at $104.13 million in 2022, and is projected to reach $480.93
the U.S. market, with $41.05 million in 2022, and is estimated to reach $168.42 million by 2026, registering a CAGR of
42.2% during forecast period. The capsule segment is estimated to reach $74.35 million by 2026 at a significant CAGR
of 52.6%. The route and tube segments jointly accounted for about 70.98% share of the U.S. hyperloop technology
market in 2022, with the former constituting around 39.42% share. The capsule and tube segments are expected to
witness significant growth rates at a CAGR of 52.6% and 50.1%, respectively, during the forecast period. The
cumulative share of these two segments is expected to be 44.68% in the U.S. hyperloop technology market in 2022,
77
TABLE 15. U.S. HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 33 49 74 111 167 50.1%
Propulsion 17 24 34 49 71 43.9%
Capsule 14 21 32 49 74 52.6%
Route 41 59 83 119 168 42.2%
Total 104 153 224 328 481 46.6%

78
6.2.6. Canada
Canada is aggressive in reducing emissions and investing in green transport modes, as 24% of Canada’s total
greenhouse gas emission was accounted by transportation. The Toronto– Montreal (400 miles) route of Canada is
assessed by Hyperloop One for the implementation of hyperloop technology.
TABLE 16. CANADA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Canada 59 88 131 195 291 48.9%

FIGURE 8. CANADA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

350
300
250
200
150 291
100 195
131
50 88
59
0
2022 2023 2024 2025 2026
Year
79

The Canada hyperloop technology market was valued at $59.13 million in 2022, and is projected to reach $290.81
to the Canada market, with $47.14 million in 2022, and is estimated to reach $228.65 million by 2026, registering a
CAGR of 48.4% during forecast period. The cargo/freight segment is estimated to reach $62.16 million by 2026 at a
TABLE 17. CANADA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 47 70 104 154 229 48.4%
Cargo/Freight 12 18 27 41 62 50.9%
Total 59 88 131 195 291 48.9%


The Canada hyperloop technology market was valued at $59.13 million in 2022, and is projected to reach $290.81
the Canada market, with $23.20 million in 2022, and is estimated to reach $101.30 million by 2026, registering a
CAGR of 44.5% during forecast period. The capsule segment is estimated to reach $45.78 million by 2026 at a
significant CAGR of 54.9%. The route and tube segments jointly accounted for about 70.57% share of the Canada
hyperloop technology market in 2022, with the former constituting around 39.23% share.
80
The capsule and tube segments are expected to witness significant growth rates at a CAGR of 54.9% and 52.5%,
respectively, during the forecast period. The cumulative share of these two segments is expected to be 44.74% in the
Canada hyperloop technology market in 2022, and is anticipated to reach 50.26% by 2026.
TABLE 18. CANADA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 19 28 43 66 100 52.5%
Propulsion 9 14 20 30 43 46.2%
Capsule 8 12 19 30 46 54.9%
Route 23 34 49 70 101 44.5%
Total 59 88 131 195 291 48.9%

81
6.2.7. Mexico
Mexico City–Guadalajara route is one of the 10 routes assessed by Hyperloop One. Hyperloop is anticipated to cut
down the six-hour travel time from Mexico City to Guadalajara to just 45 minutes, with stations built near airports and
rail freight hubs.
TABLE 19. MEXICO HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Mexico 39 58 86 129 192 49.2%

FIGURE 9. MEXICO HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
250
200
150
100 192
129
50
86
58
39
0
2022 2023 2024 2025 2026
Year
82

The Mexico hyperloop technology market was valued at $38.70 million in 2022, and is projected to reach $191.85
to the Mexico market, with $30.84 million in 2022, and is estimated to reach $150.79 million by 2026, registering a
TABLE 20. MEXICO HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 31 46 68 101 151 48.7%
Cargo/Freight 8 12 18 27 41 51.2%
Total 39 58 86 129 192 49.2%


The Mexico hyperloop technology market was valued at $38.70 million in 2022, and is projected to reach $191.85
the Mexico market, with $15.21 million in 2022, and is estimated to reach $66.96 million by 2026, registering a CAGR
of 44.8% during forecast period. The capsule segment is estimated to reach $29.70 million by 2026 at a significant
CAGR of 55.3%. The route and tube segments jointly accounted for about 70.89% share of the Mexico hyperloop
technology market in 2022, with the former constituting around 39.30% share.
83
The capsule and tube segments are expected to witness significant growth rates at a CAGR of 55.3% and 52.8%,
Mexico hyperloop technology market in 2022, and is anticipated to reach 50.25% by 2026.
TABLE 21. MEXICO HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 12 19 29 44 67 52.8%
Propulsion 6 9 13 19 28 46.5%
Capsule 5 8 12 19 30 55.3%
Route 15 22 32 46 67 44.8%
Total 39 58 86 129 192 49.2%

84
6.3. EUROPE
The market in Europe is studied across the UK, Germany, France, Russia, and others. Healthy economic conditions in
Europe have led the adoption of the advanced transportation technology, which drives the growth of the hyperloop
technology market.
FIGURE 10. EUROPE HYPERLOOP TECHNOLOGY MARKET

France registered the Cargo/Freight segment
Europe accounted for 20.2%
highest CAGR of 49.3% witnessed a CAGR of 49.0%
market share in 2022
during the forecast period during the forecast period
EUROPE HYPERLOOP TECHNOLOGY MARKET, 2022 ($MILLION)
CA GR%
COUNTRY MARKET SIZE
(2023-2026)
UK $92 MN 43.6
Ge rmany $66 MN 48.3
F r ance $33 MN 49.3
R ussia $26 MN 48.4
R e st of Europe $55 MN 48.8
EUROPE HYPERLOOP TECHNOLOGY MARKET SIZE, BY COUNTRY, 2023 & 2026 (%)
Europe
20% U.K. 21%

34% 31%
Germany
10% 2022 10% 2026
France
12% 13%
24% 25%
85

The Europe hyperloop technology market was valued at $272.30 million in 2022, and is projected to reach $1,272.60
million by 2026, registering a CAGR of 47.0% from 2023 to 2026. UK was the highest contributor to the Europe
market, with $92.39 million in 2022, and is estimated to reach $393.36 million by 2026, registering a CAGR of 43.6%
during forecast period. France market is estimated to reach $163.66 million by 2026 at a significant CAGR of 49.3%.
UK and Germany jointly accounted for about 58.12% share of the Europe hyperloop technology market in 2022, with
the former constituting around 33.93% share. France and rest of Europe are expected to witness significant growth
rates at a CAGR of 49.3% and 48.8%, respectively, during the forecast period. The cumulative share of these two
segments is expected to be 32.32% in the Europe hyperloop technology market in 2022, and is anticipated to reach
34.10% by 2026.
The combination of expensive, slow, and environmentally harmful factors such as air pollution and high consumption
of limited energy by the conventional means of transportation (road, water, air, and rail) is majorly driving the growth
of the European hyperloop technology market.
86

million by 2026, growing at a CAGR of 47.0% from 2022 to 2026. Passenger segment was the highest contributor to
46.5%. Cargo/Freight segment is estimated to reach $269.28 million by 2026 at a CAGR of 49.0%.
TABLE 22. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 218 319 468 685 1,003 46.5%
Cargo/Freight 55 81 121 181 269 49.0%
Total 272 400 589 866 1,273 47.0%


million by 2026, growing at a CAGR of 47.0% from 2022 to 2026. Route segment was the highest contributor to this
market, with $106.57 million in 2022, and is estimated to reach $442.00 million by 2026, registering a CAGR of 42.6%.
Propulsion segment is estimated to reach $246.64 million by 2026 at a CAGR of 54.9%.
87
TABLE 23. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 86 130 195 294 441 50.3%
Propulsion 43 66 103 160 247 54.9%
Capsule 37 52 73 102 143 40.2%
Route 107 152 217 310 442 42.6%
Total 272 400 589 866 1,273 47.0%


UK was the highest contributor to the Europe market, with $92.39 million in 2022, and is estimated to reach $393.36
million by 2026, registering a CAGR of 43.6% during forecast period. France market is estimated to reach $163.66
million by 2026 at a significant CAGR of 49.3%. UK and Germany jointly accounted for about 58.12% share of the
Europe hyperloop technology market in 2022, with the former constituting around 33.93% share. France and rest of
Europe are expected to witness significant growth rates at a CAGR of 49.3% and 48.8%, respectively, during the
forecast period. The cumulative share of these two segments is expected to be 32.32% in the Europe hyperloop
technology market in 2022, and is anticipated to reach 34.10% by 2026.
88
TABLE 24. EUROPE HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022–2026

($MILLION)
CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
UK 92 133 191 274 393 43.6%
Germany 66 98 145 215 319 48.3%
France 33 49 73 110 164 49.3%
Russia 26 39 57 85 126 48.4%
Rest of Europe 55 82 122 182 270 48.8%
Total 272 400 589 866 1,273 47.0%

89
6.3.5. UK
Sir Richard Branson’s Virgin Group has invested stake in Hyperloop One. Virgin Hyperloop One has assessed London
to Scotland route, which is projected to cut down the travel time to 45 minutes from 4 hours 20 minutes by train.
TABLE 25. UK HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
UK 92 133 191 274 393 43.6%

FIGURE 11. UK HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
450
400
350
300
250
200 393
150
274
100 191
133
50 92
-
2022 2023 2024 2025 2026
Year
90

The UK hyperloop technology market was valued at $92.39 million in 2022, and is projected to reach $393.36 million
by 2026, registering a CAGR of 43.6% from 2023 to 2026. The passenger segment was the highest contributor to the
UK market, with $74.03 million in 2022, and is estimated to reach $310.87 million by 2026, registering a CAGR of
43.1% during forecast period. The cargo/freight segment is estimated to reach $82.49 million by 2026 at a significant
CAGR of 45.5%.
TABLE 26. UK HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 74 106 152 217 311 43.1%
Cargo/Freight 18 27 39 57 82 45.5%
Total 92 133 191 274 393 43.6%


The UK hyperloop technology market was valued at $92.39 million in 2022, and is projected to reach $393.36 million
by 2026, registering a CAGR of 43.6% from 2023 to 2026. The route segment was the highest contributor to the UK
market, with $36.26 million in 2022, and is estimated to reach $137.09 million by 2026, registering a CAGR of 39.3%
during forecast period. The propulsion segment is estimated to reach $75.84 million by 2026 at a significant CAGR of
51.3%. The route and tube segments jointly accounted for about 71.07% share of the UK hyperloop technology
to witness significant growth rates at a CAGR of 51.3% and 46.8%, respectively, during the forecast period.
91
The cumulative share of these two segments is expected to be 47.36% in the UK hyperloop technology market in
2022, and is anticipated to reach 54.05% by 2026.
TABLE 27. UK HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM, 2022–

2026 ($MILLION)
CAGR%
(2023–2026)
Tube 29 43 64 93 137 46.8%
Propulsion 14 22 33 50 76 51.3%
Capsule 12 17 23 32 44 36.9%
Route 36 51 71 99 137 39.3%
Total 92 133 191 274 393 43.6%

92
6.3.6. Germany
Hyperloop Transportation Technologies (HTT) collaborated with German railway company, Deutsche Bahn to create
an innovative train using hyperloop technology. The train is expected to include augmented reality windows
displaying the weather forecast route and time.
TABLE 28. GERMANY HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
UK 66 98 145 215 319 48.3%

FIGURE 12. GERMANY HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
350
300
250
200
150 319
100 215
145
50 98
66
-
2022 2023 2024 2025 2026
Year
93

The Germany hyperloop technology market was valued at $65.87 million in 2022, and is projected to reach $318.91
to the Germany market, with $52.61 million in 2022, and is estimated to reach $251.24 million by 2026, registering a
TABLE 29. GERMANY HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 53 78 115 170 251 47.8%
Cargo/Freight 13 20 30 45 68 50.3%
Total 66 98 145 215 319 48.3%


The Germany hyperloop technology market was valued at $65.87 million in 2022, and is projected to reach $318.91
the Germany market, with $25.73 million in 2022, and is estimated to reach $110.55 million by 2026, registering a
CAGR of 43.9% during forecast period. The propulsion segment is estimated to reach $61.88 million by 2026 at a
significant CAGR of 56.2%. The route and tube segments jointly accounted for about 70.83% share of the Germany
to witness significant growth rates at a CAGR of 56.2% and 51.6%, respectively, during the forecast period.
94
The cumulative share of these two segments is expected to be 47.43% in the Germany hyperloop technology market
in 2022, and is anticipated to reach 54.12% by 2026.
TABLE 30. GERMANY HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 21 32 48 73 111 51.6%
Propulsion 10 16 25 40 62 56.2%
Capsule 9 13 18 25 36 41.4%
Route 26 37 53 77 111 43.9%
Total 66 98 145 215 319 48.3%

95
6.3.7. France
France is expected to have the first high-speed passenger capsule, which was initially proposed to run from the
Greater Los Angeles to San Francisco Bay. The hyperloop capsule is a pod-like vehicle, which operates in a minimum
pressure tube moving at high velocity. Furthermore, Hyperloop transportation technologies (HTT) announced to open
a research and development center in Toulouse.
TABLE 31. FRANCE HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
France 33 49 73 110 164 49.3%

FIGURE 13. FRANCE HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

180
160
140
120
100
80 164
60
110
40 73
20 49
33
-
2022 2023 2024 2025 2026
Year
96

The France hyperloop technology market was valued at $32.95 million in 2022, and is projected to reach $163.66
to the France market, with $26.27 million in 2022, and is estimated to reach $128.68 million by 2026, registering a
TABLE 32. FRANCE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 26 39 58 87 129 48.7%
Cargo/Freight 7 10 15 23 35 51.2%
Total 33 49 73 110 164 49.3%


The France hyperloop technology market was valued at $32.95 million in 2022, and is projected to reach $163.66
the France market, with $12.88 million in 2022, and is estimated to reach $56.78 million by 2026, registering a CAGR
of 44.8% during forecast period. The propulsion segment is estimated to reach $31.84 million by 2026 at a significant
CAGR of 57.2%. The route and tube segments jointly accounted for about 70.80% share of the France hyperloop
97
The propulsion and tube segments are expected to witness significant growth rates at a CAGR of 57.2% and 52.6%,
France hyperloop technology market in 2022, and is anticipated to reach 54.11% by 2026.
TABLE 33. FRANCE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 10 16 24 37 57 52.6%
Propulsion 5 8 13 20 32 57.2%
Capsule 4 6 9 13 18 42.3%
Route 13 19 27 39 57 44.8%
Total 33 49 73 110 164 49.3%

98
6.3.8. Russia
Summa Group, the Russian Government, and Hyperloop Transportation Technologies (HTT) signed a partnership
agreement in June 2016 to construct hyperloop in Moscow. The implementation of hyperloop is expected to provide
tremendous benefits, as it cuts down the travel time and cost of passenger/freight transportation.
TABLE 34. RUSSIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Russia 26 39 57 85 126 48.4%

FIGURE 14. RUSSIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
140
120
100
80
60 126
40 85
57
20 39
26
-
2022 2023 2024 2025 2026
Year
99

The Russia hyperloop technology market was valued at $26.03 million in 2022, and is projected to reach $126.37
to the Russia market, with $20.75 million in 2022, and is estimated to reach $99.35 million by 2026, registering a
TABLE 35. RUSSIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 21 31 45 67 99 47.9%
Cargo/Freight 5 8 12 18 27 50.4%
Total 26 39 57 85 126 48.4%


The Russia hyperloop technology market was valued at $26.03 million in 2022, and is projected to reach $126.37
the Russia market, with $10.11 million in 2022, and is estimated to reach $43.52 million by 2026, registering a CAGR
CAGR of 56.3%. The route and tube segments jointly accounted for about 70.60% share of the Russia hyperloop
100
Russia hyperloop technology market in 2022, and is anticipated to reach 54.27% by 2026.
TABLE 36. RUSSIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 8.3 12.6 19.1 28.9 43.9 51.7%
Propulsion 4.1 6.5 10.2 15.9 24.7 56.3%
Capsule 3.5 5.0 7.1 10.1 14.3 41.6%
Route 10.1 14.6 21.0 30.3 43.5 44.0%
Total 26.0 38.7 57.4 85.2 126.4 48.4%

101
6.3.9. Rest of Europe

Rest of the Europe includes country such as Italy, Spain, Greece, and others. High speed of hyperloop transportation
technology and its low cost boost the growth of the market in these countries.
TABLE 37. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Rest of Europe 55 82 122 182 270 48.8%

FIGURE 15. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
300
250
200
150
270
100
182
122
50
82
55
-
2022 2023 2024 2025 2026
Year
102

The rest of Europe hyperloop technology market was valued at $55.06 million in 2022, and is projected to reach
$270.30 million by 2026, registering a CAGR of 48.8% from 2023 to 2026. The passenger segment was the highest
contributor to the rest of Europe market, with $44.03 million in 2022, and is estimated to reach $213.18 million by
2026, registering a CAGR of 48.3% during forecast period. The cargo/freight segment is estimated to reach $57.12
million by 2026 at a significant CAGR of 50.8%.
TABLE 38. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 44 65 97 144 213 48.3%
Cargo/Freight 11 17 25 38 57 50.8%
Total 55 82 122 182 270 48.8%


The rest of Europe hyperloop technology market was valued at $55.06 million in 2022, and is projected to reach
$270.30 million by 2026, registering a CAGR of 48.8% from 2023 to 2026. The route segment was the highest
contributor to the rest of Europe market, with $21.58 million in 2022, and is estimated to reach $94.06 million by
2026, registering a CAGR of 44.4% during forecast period. The propulsion segment is estimated to reach $52.38
million by 2026 at a significant CAGR of 56.8%. The route and tube segments jointly accounted for about 70.71%
share of the rest of Europe hyperloop technology market in 2022, with the former constituting around 39.20% share.
103
rest of Europe hyperloop technology market in 2022, and is anticipated to reach 53.84% by 2026.
TABLE 39. REST OF EUROPE HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

CAGR%
(2023–2026)
Tube 17 26 40 61 93 52.2%
Propulsion 9 14 21 34 52 56.8%
Capsule 8 11 15 22 31 42.0%
Route 22 31 45 65 94 44.4%
Total 55 82 122 182 270 48.8%

104
6.4. ASIA-PACIFIC
The Asia-Pacific region includes countries such as China, India, Japan, Australia, and others. Asia-Pacific is the
dominant market for hyperloop technology, as the countries such as India, China, Indonesia, and others are
aggressively planning the implementation of this technology.
FIGURE 16. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET

Cargo/Freight segment exhibited
Asia-Pacific accounted for Australia witnessed the
the highest CAGR of 48.4% during
40.3% market share in 2022 highest CAGR of 44.7%
the forecast period
ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, 2022 ($MILLION)
CAGR%
COUNTRY MARKET SIZE
(2023-2026)
China $151 MN 39.6
India $114 MN 42.9
Japan $93 MN 44.0
Australia $51 MN 44.7
Rest of Asia-Pacific $136 MN 42.9

Asia-Pacific
ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET SIZE, BY COUNTRY, 2022 & 2026 (%)
China
25% 28% 25% 26%
India
2022 Japan 2026

9% 10%
Australia
21% 21%
17% 18%
Rest of Asia-Pacific
105

The Asia-Pacific hyperloop technology market was valued at $544.46 million in 2022, and is projected to reach
$2,239.20 million by 2026, registering a CAGR of 42.4% from 2023 to 2026. China was the highest contributor to the
Asia-Pacific market, with $150.98 million in 2022, and is estimated to reach $574.80 million by 2026, registering a
CAGR of 39.6% during forecast period. Australia market is estimated to reach $221.46 million by 2026 at a significant
CAGR of 44.7%.
The growth of the Asia-Pacific hyperloop technology market is driven by rise in the demand for fastest transportation
mode, owing to the high migration rate in cities due to job opportunities and slow transportation. In addition, increase
in air pollution by conventional modes of transportation such as road, water, air, and rail is fueling the adoption of
hyperloop technology, as it is environmental friendly.

$2,239.20 million by 2026, growing at a CAGR of 42.4% from 2022 to 2026. Passenger segment was the highest
contributor to this market, with $433.21 million in 2022, and is estimated to reach $1,756.92 million by 2026,
registering a CAGR of 41.9%. Cargo/Freight segment is estimated to reach $482.28 million by 2026 at a CAGR of
44.3%.
106
TABLE 40. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 433 615 873 1,239 1,757 41.9%
Cargo/Freight 111 161 232 334 482 44.3%
Total 544 776 1,105 1,573 2,239 42.4%


$2,239.20 million by 2026, growing at a CAGR of 42.4% from 2022 to 2026. Route segment was the highest
contributor to this market, with $205.49 million in 2022, and is estimated to reach $791.29 million by 2026,
registering a CAGR of 40.0%. Propulsion segment is estimated to reach $438.64 million by 2026 at a CAGR of 51.7%.
TABLE 41. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

CAGR%
(2023–2026)
Tube 171 249 363 529 769 45.6%
Propulsion 82 126 191 290 439 51.7%
Capsule 86 113 147 189 240 28.7%
Route 205 288 404 565 791 40.0%
Total 544 776 1,105 1,573 2,239 42.4%

107

China was the highest contributor to the Asia-Pacific market, with $150.98 million in 2022, and is estimated to reach
$574.80 million by 2026, registering a CAGR of 39.6% during forecast period. Australia market is estimated to reach
$221.46 million by 2026 at a significant CAGR of 44.7%. China and rest of Asia-Pacific jointly accounted for about
52.72% share of the Asia-Pacific hyperloop technology market in 2022, with the former constituting around 27.73%
share. Australia and Japan are expected to witness significant growth rates at a CAGR of 44.7% and 44.0%,
Asia-Pacific hyperloop technology market in 2022, and is anticipated to reach 27.84% by 2026.
TABLE 42. ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022–2026

($MILLION)
CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
China 151 211 295 412 575 39.6%
India 114 162 232 332 474 42.9%
Japan 93 135 194 279 402 44.0%
Australia 51 73 106 153 221 44.7%
Rest of Asia-Pacific 136 195 278 397 567 42.9%
Total 544 776 1,105 1,573 2,239 42.4%

108
6.4.5. China
Increase in need for fast delivery process and rise in popularity of just-in-time concept among vendors accelerate the
growth of the market in China.
TABLE 43. CHINA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
China 151 211 295 412 575 39.6%

FIGURE 17. CHINA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
700
600
500
400
300 575
200 412
295
100 211
151
-
2022 2023 2024 2025 2026
Year
109

The China hyperloop technology market was valued at $150.98 million in 2022, and is projected to reach $574.80
to the China market, with $120.45 million in 2022, and is estimated to reach $452.25 million by 2026, registering a
TABLE 44. CHINA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 120 168 234 325 452 39.2%
Cargo/Freight 31 43 61 87 123 41.5%
Total 151 211 295 412 575 39.6%


The China hyperloop technology market was valued at $150.98 million in 2022, and is projected to reach $574.80
the China market, with $57.24 million in 2022, and is estimated to reach $204.11 million by 2026, registering a CAGR
of 37.4% during forecast period. The propulsion segment is estimated to reach $111.63 million by 2026 at a
significant CAGR of 48.9%. The route and tube segments jointly accounted for about 69.43% share of the China
110
China hyperloop technology market in 2022, and is anticipated to reach 53.89% by 2026.
TABLE 45. CHINA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 48 68 97 139 198 42.8%
Propulsion 22 34 51 75 112 48.9%
Capsule 24 30 39 49 61 26.1%
Route 57 79 108 149 204 37.4%
Total 151 211 295 412 575 39.6%

111
6.4.6. India
Hyperloop One has assessed several proposals, and has identified the strongest routes of India, which include
Bengaluru–Chennai (208 miles) and Mumbai–Chennai (685 miles) for the implementation of hyperloop technology.
TABLE 46. INDIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
India 114 162 232 332 474 42.9%

FIGURE 18. INDIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
500
450
400
350
300
250 474
200
332
150
232
100
162
50 114
-
2022 2023 2024 2025 2026
Year
112

The India hyperloop technology market was valued at $113.57 million in 2022, and is projected to reach $473.81
to the India market, with $90.27 million in 2022, and is estimated to reach $371.37 million by 2026, registering a
TABLE 47. INDIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 90 129 183 261 371 42.4%
Cargo/Freight 23 34 49 71 102 44.8%
Total 114 162 232 332 474 42.9%


The India hyperloop technology market was valued at $113.57 million in 2022, and is projected to reach $473.81
the India market, with $42.61 million in 2022, and is estimated to reach $166.39 million by 2026, registering a CAGR
CAGR of 52.2%. The route and tube segments jointly accounted for about 68.90% share of the India hyperloop
technology market in 2022, with the former constituting around 37.52% share. The propulsion and tube segments are
expected to witness significant growth rates at a CAGR of 52.2% and 46.1%, respectively, during the forecast period.
113
The cumulative share of these two segments is expected to be 46.58% in the India hyperloop technology market in
TABLE 48. INDIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 36 52 76 111 163 46.1%
Propulsion 17 27 41 62 93 52.2%
Capsule 18 24 31 40 51 29.2%
Route 43 60 84 118 166 40.5%
Total 114 162 232 332 474 42.9%

114
6.4.7. Japan
High speed of hyperloop transportation technology as compared to alternative transportation modes such as air,
water, rail, and road is fueling the market growth in Japan. Furthermore, huge investments on advance technology and
rise in need for faster transportation mode in Japan boost the growth of the market.
TABLE 49. JAPAN HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Japan 93 135 194 279 402 44.0%

FIGURE 19. JAPAN HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
450
400
350
300
250
200 402
150 279
100 194
135
50 93
-
2022 2023 2024 2025 2026
Year
115

The Japan hyperloop technology market was valued at $93.32 million in 2022, and is projected to reach $401.94
to the Japan market, with $74.06 million in 2022, and is estimated to reach $314.57 million by 2026, registering a
TABLE 50. JAPAN HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 74 106 153 219 315 43.5%
Cargo/Freight 19 28 41 60 87 45.9%
Total 93 135 194 279 402 44.0%


The Japan hyperloop technology market was valued at $93.32 million in 2022, and is projected to reach $401.94
the Japan market, with $35.09 million in 2022, and is estimated to reach $141.49 million by 2026, registering a CAGR
CAGR of 53.4%. The route and tube segments jointly accounted for about 68.90% share of the Japan hyperloop
technology market in 2022, with the former constituting around 37.60% share. The propulsion and tube segments are
expected to witness significant growth rates at a CAGR of 53.4% and 47.3%, respectively, during the forecast period.
116
The cumulative share of these two segments is expected to be 46.54% in the Japan hyperloop technology market in
TABLE 51. JAPAN HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 29 43 64 94 138 47.3%
Propulsion 14 22 34 52 79 53.4%
Capsule 15 20 26 34 43 30.2%
Route 35 50 71 100 141 41.7%
Total 93 135 194 279 402 44.0%

117
6.4.8. Australia
Australian cities are experiencing massive congestion due to surge in migration, owing to job opportunities and slow
transportation. Thus, to reduce the migration rate, the Australian government is investing on hyperloop technology,
which is anticipated to accelerate the market growth in the country.
TABLE 52. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Australia 51 73 106 153 221 44.7%

FIGURE 20. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
250
200
150
221
100
153
50 106
73
51
-
2022 2023 2024 2025 2026
Year
118

The Australia hyperloop technology market was valued at $50.53 million in 2022, and is projected to reach $221.46
to the Australia market, with $40.26 million in 2022, and is estimated to reach $174.04 million by 2026, registering a
TABLE 53. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 40 58 84 121 174 44.1%
Cargo/Freight 10 15 22 32 47 46.6%
Total 51 73 106 153 221 44.7%


The Australia hyperloop technology market was valued at $50.53 million in 2022, and is projected to reach $221.46
the Australia market, with $19.16 million in 2022, and is estimated to reach $78.69 million by 2026, registering a
CAGR of 42.3% during forecast period. The Propulsion segment is estimated to reach $43.05 million by 2026 at a
significant CAGR of 54.2%. The route and tube segments jointly accounted for about 69.39% share of the Australia
119
Australia hyperloop technology market in 2022, and is anticipated to reach 53.85% by 2026.
TABLE 54. AUSTRALIA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

CAGR%
(2023–2026)
Tube 16 24 35 52 76 47.9%
Propulsion 8 12 18 28 43 54.2%
Capsule 8 11 14 18 24 30.6%
Route 19 27 39 55 79 42.3%
Total 51 73 106 153 221 44.7%

120
6.4.9. Rest of Asia-Pacific

Rest of Asia-Pacific includes Korea, Taiwan, Indonesia, and others. Multiple benefits offered by the hyperloop
technology such as its energy-efficient nature, low cost, and high speed boost the growth of the market in these
countries.
TABLE 55. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, 2022–2026

($MILLION)
CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Rest of Asia-Pacific 136 195 278 397 567 42.9%

FIGURE 21. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, 2022–2026

($MILLION)
600
500
400
300
567
200 397
278
100 195
136
-
2022 2023 2024 2025 2026
Year
121

The rest of Asia-Pacific hyperloop technology market was valued at $136.06 million in 2022, and is projected to reach
contributor to the rest of Asia-Pacific market, with $108.17 million in 2022, and is estimated to reach $444.69 million
by 2026, registering a CAGR of 42.4% during forecast period. The cargo/freight segment is estimated to reach $122.50
TABLE 56. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE

TYPE, 2022–2026 ($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 108 154 220 312 445 42.4%
Cargo/Freight 28 40 59 85 123 44.7%
Total 136 195 278 397 567 42.9%


The rest of Asia-Pacific hyperloop technology market was valued at $136.06 million in 2022, and is projected to reach
contributor to the rest of Asia-Pacific market, with $51.39 million in 2022, and is estimated to reach $200.61 million
by 2026, registering a CAGR of 40.5% during forecast period. The propulsion segment is estimated to reach $111.07
share of the rest of Asia-Pacific hyperloop technology market in 2022, with the former constituting around 37.77%
share.
122
rest of Asia-Pacific hyperloop technology market in 2022, and is anticipated to reach 53.86% by 2026.
TABLE 57. REST OF ASIA-PACIFIC HYPERLOOP TECHNOLOGY MARKET,

BY TRANSPORTATION SYSTEM, 2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 43 62 91 133 194 46.1%
Propulsion 20 31 48 73 111 52.2%
Capsule 22 28 37 48 61 29.2%
Route 51 72 102 143 201 40.5%
Total 136 195 278 397 567 42.9%

123
6.5. LAMEA
The market in LAMEA is analyzed across Latin America, Middle East, and Africa. LAMEA is anticipated to exhibit the
highest growth in the near future due to rise in environmental concerns and increase in need of faster transportation
modes. Latin America and Middle East are expected to witness significant growth; however, Africa is gaining traction,
but the growth is expected to be stable during the forecast period.
FIGURE 22. LAMEA HYPERLOOP TECHNOLOGY MARKET

LAMEA accounted for Cargio/Freight witnessed
Africa witnessed the
24.5% market share in highest CAGR of 48.4%
highest CAGR of 48.8%
2022 during the forecast period
LAMEA HYPERLOOP TECHNOLOGY MARKET, 2022 ($MILLION)
C AGR%
Region M ARKET SIZE
(2 023-2026)
The Middle East &
Latin America and
Latin America $77 MN 47.8

M iddle East $221 MN 45.6
Africa (LAMEA)
Africa $34 MN 48.8
LAMEA HYPERLOOP TECHNOLOGY MARKET, BY REGION, 2022 & 2026 (%)
10% 11%
23% 24%
Latin America
2022 Middle East 2026
Africa
67% 65%
124

The LAMEA hyperloop technology market was valued at $331.29 million in 2022, and is projected to reach $1,524.60
million by 2026, registering a CAGR of 46.5% from 2023 to 2026. Middle East was the highest contributor to the
LAMEA market, with $220.61 million in 2022, and is estimated to reach $991.45 million by 2026, registering a CAGR
of 45.6% during forecast period.
LAMEA holds significant market share of the hyperloop technology market, owing to increase in demand for low-cost
and energy-efficient transportation mode. For instance, Dubai signed a contract with Hyperloop One to implement
this transportation system from Dubai to Abu Dhabi, which is estimated to cover the distance of 150 kilometers in 12
minutes.

million by 2026, growing at a CAGR of 46.5% from 2022 to 2026. Passenger segment was the highest contributor to
46.0%. Cargo/Freight segment is estimated to reach $327.84 million by 2026 at a CAGR of 48.4%.
TABLE 58. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 264 385 562 820 1,197 46.0%
Cargo/Freight 68 100 149 221 328 48.4%
Total 331 485 711 1,041 1,525 46.5%
125

million by 2026, growing at a CAGR of 46.5% from 2022 to 2026. Route segment was the highest contributor to this
market, with $130.33 million in 2022, and is estimated to reach $532.68 million by 2026, registering a CAGR of 42.1%.
Propulsion segment is estimated to reach $293.58 million by 2026 at a CAGR of 59.4%.
TABLE 59. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 105 157 236 353 528 49.7%
Propulsion 45 73 116 185 294 59.4%
Capsule 51 70 95 128 170 34.6%
Route 130 186 264 375 533 42.1%
Total 331 485 711 1,041 1,525 46.5%


Middle East was the highest contributor to the LAMEA market, with $220.61 million in 2022, and is estimated to reach
$991.45 million by 2026, registering a CAGR of 45.6% during forecast period. Africa market is estimated to reach
$165.57 million by 2026 at a significant CAGR of 48.8%. Middle East and Latin America jointly accounted for about
89.81% share of the LAMEA hyperloop technology market in 2022, with the former constituting around 66.59%
share.
126
Africa and Latin America are expected to witness significant growth rates at a CAGR of 48.8% and 47.8%, respectively,
during the forecast period. The cumulative share of these two segments is expected to be 33.41% in the LAMEA
hyperloop technology market in 2022, and is anticipated to reach 34.97% by 2026.
TABLE 60. LAMEA HYPERLOOP TECHNOLOGY MARKET, BY COUNTRY, 2022–2026

($MILLION)
CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Latin America 77 114 168 249 368 47.8%
Middle East 221 321 468 681 991 45.6%
Africa 34 50 75 111 166 48.8%
Total 331 485 711 1,041 1,525 46.5%

127
6.5.5. Latin America

Rise in investments on advanced technology for faster transportation and increase in environmental concerns about
the emission of hazardous air pollutants discharged from the conventional modes of transportation supplement the
market growth in Latin America.
TABLE 61. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Latin America 77 114 168 249 368 47.8%

FIGURE 23. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
400
350
300
250
200
368
150
249
100
168
50 114
77
-
2022 2023 2024 2025 2026
Year
128

The Latin America hyperloop technology market was valued at $76.93 million in 2022, and is projected to reach
contributor to the Latin America market, with $61.40 million in 2022, and is estimated to reach $289.36 million by
TABLE 62. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 61 90 133 196 289 47.3%
Cargo/Freight 16 23 35 52 78 49.8%
Total 77 114 168 249 368 47.8%


The Latin America hyperloop technology market was valued at $76.93 million in 2022, and is projected to reach
contributor to the Latin America market, with $30.30 million in 2022, and is estimated to reach $128.62 million by
2026, registering a CAGR of 43.5% during forecast period. The propulsion segment is estimated to reach $70.47
share of the Latin America hyperloop technology market in 2022, with the former constituting around 39.39% share.
129
Latin hyperloop technology market in 2022, and is anticipated to reach 53.88% by 2026.
TABLE 63. LATIN AMERICA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

CAGR%
(2023–2026)
Tube 24 37 56 84 128 51.1%
Propulsion 10 17 27 44 70 61.0%
Capsule 12 16 22 30 41 35.8%
Route 30 44 63 90 129 43.5%
Total 77 114 168 249 368 47.8%

130
6.5.6. Middle East

Dubai–Abu Dhabi route is set be the world’s first Hyperloop One transport link. The hyperloop will cut down the
travel time and cover the distance of 150 km in 12 minutes.
TABLE 64. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Middle East 221 321 468 681 991 45.6%

FIGURE 24. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)
1,200
1,000
800
600
991
400
681
468
200
321
221
-
2022 2023 2024 2025 2026
Year
131

The Middle East hyperloop technology market was valued at $220.61 million in 2022, and is projected to reach
contributor to the Middle East market, with $175.43 million in 2022, and is estimated to reach $777.50 million by
TABLE 65. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE,

2022–2026 ($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 175 255 369 536 778 45.1%
Cargo/Freight 45 67 98 145 214 47.5%
Total 221 321 468 681 991 45.6%


The Middle East hyperloop technology market was valued at $220.61 million in 2022, and is projected to reach
contributor to the Middle East market, with $86.85 million in 2022, and is estimated to reach $346.70 million by 2026,
registering a CAGR of 41.3% during forecast period. The propulsion segment is estimated to reach $190.90 million by
2026 at a significant CAGR of 58.4%. The route and tube segments jointly accounted for about 71.01% share of the
Middle East hyperloop technology market in 2022, with the former constituting around 39.37% share.
132
Middle East hyperloop technology market in 2022, and is anticipated to reach 53.85% by 2026.
TABLE 66. MIDDLE EAST HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION

CAGR%
(2023–2026)
Tube 70 104 155 231 343 48.8%
Propulsion 30 48 77 121 191 58.4%
Capsule 34 46 62 83 111 33.8%
Route 87 123 174 246 347 41.3%
Total 221 321 468 681 991 45.6%

133
6.5.7. Africa
Africa’s air pollution is causing more premature death than unsafe water and malnutrition. According to the
Organization for Economic Co-operation and Development Center (OECD), annual deaths due to ambient particulate
matter pollution across African region have increased by 36%. Thus, increase in air pollution is creating demand for
environmental-friendly and energy-efficient transportation mode such as hyperloop technology in Africa.
TABLE 67. AFRICA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

CAGR%
Country 2022 2023 2024 2025 2026
(2023–2026)
Africa 34 50 75 111 166 48.8%

FIGURE 25. AFRICA HYPERLOOP TECHNOLOGY MARKET, 2022–2026 ($MILLION)

180
160
140
120
100
80 166
60 111
40 75
50
20 34
-
2022 2023 2024 2025 2026
Year
134

The Africa hyperloop technology market was valued at $33.76 million in 2022, and is projected to reach $165.57
to the Africa market, with $26.86 million in 2022, and is estimated to reach $129.90 million by 2026, registering a
TABLE 68. AFRICA HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE, 2022–2026

($MILLION)
CAGR%
Carriage Type 2022 2023 2024 2025 2026
(2023–2026)
Passenger 27 40 59 88 130 48.3%
Cargo/Freight 7 10 16 24 36 50.7%
Total 34 50 75 111 166 48.8%


The Africa hyperloop technology market was valued at $33.76 million in 2022, and is projected to reach $165.57
the Africa market, with $13.18 million in 2022, and is estimated to reach $57.36 million by 2026, registering a CAGR of
44.4% during forecast period. The propulsion segment is estimated to reach $32.22 million by 2026 at a significant
CAGR of 61.8%. The route and tube segments jointly accounted for about 70.73% share of the Africa hyperloop
135
Africa hyperloop technology market in 2022, and is anticipated to reach 54.09% by 2026.
TABLE 69. AFRICA HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM,

2022–2026 ($MILLION)
CAGR%
(2023–2026)
Tube 11 16 25 38 57 52.1%
Propulsion 5 8 12 20 32 61.8%
Capsule 5 7 10 14 19 36.8%
Route 13 19 28 40 57 44.4%
Total 34 50 75 111 166 48.8%

136
CHAPTER 7 COMPANY PROFILES
7.1. AECOM
1999 Avenue of the Stars
Suite 2600 Los Angeles, California 90067
U.S.
Tel.: +1-(213)-593-8000
Website: www.aecom.com
7.1.1. Company overview

AECOM deals with transportation, building engineering, and environmental consultancy services. It offers initial
planning, fit-out, parking solutions, bus priority schemes, traffic management, and road safety studies. It serves
offices, transport infrastructure, health, retail, utilities, and construction companies. AECOM Ltd. was formerly known
as Faber Maunsell Limited, and changed its name to AECOM Ltd. in May 2009.
137
7.1.2. Company snapshot

TABLE 70. AECOM: COMPANY SNAPSHOT
Information Description
Year of Foundation 1980
Michael S. Burke (CEO and Chairman)

Key Executives
W. Troy Rudd (Executive Vice President and CFO)
Design and consulting services (DCS)

Major Business Segment Construction services (CS)
Management services (MS)
Geographical Presence Asia-Pacific, North America, and Europe
Key Strategic Move Product development
▪ 2016: 17,410.8
Overall Financial Status ($Million) ▪ 2015: 17,989.9

▪ 2014: 8,356.8
Workforce Approximately 87,000 (as of September 30, 2016)
Source: Corporate Publications and AMR Analysis
138
7.1.3. Operating business segments

AECOM operates its business through the following three reportable segments:
TABLE 71. AECOM: OPERATING SEGMENTS

Segment Description
Design and Consulting Services (DCS) Offers planning, consulting, architectural, and engineering design services
Construction Services (CS) Provides construction services construction for energy and infrastructure
Offers maintenance, training, logistics, consulting, technical assistance, and systems

Management Services (MS)
integration
7.1.4. Product portfolio

AECOM offers a wide range of products and services through the following product category:
TABLE 72. AECOM: PRODUCT PORTFOLIO

Product Category Brand/Product
▪ Electrified Highways
▪ Autonomous Vehicles
Transportation ▪ Hyperloop
▪ High-speed Rail
▪ Space Travel
139
7.1.5. Business performance

AECOM registered a decline rate of 3.2% in 2016 as compared to 2015, owing to decrease in revenue of design and
consulting services (DCS) segment in 2016.
FIGURE 26. AECOM: REVENUE, 2014–2016 ($MILLION)

17,989.9 17,410.8
Revenue ($million)
8,356.8
2014 2015 2016

140
FIGURE 27. AECOM: REVENUE SHARE BY SEGMENT, 2016 (%)
18.7%
Design & Consulting Services (DCS)
44.0%
Construction Services (CS)
Management Services (MS)

37.3%
FIGURE 28. AECOM: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
4.6%
10.9% U.S.
5.0% Asia-Pacific
7.3% Canada
Europe
72.2%
Other Foreign Countries
141
7.1.6. Key strategic moves and developments

AECOM adopted product development as its key developmental strategy to sustain the intense competition and
improve its product portfolio.
Date Strategy Description
Product AECOM developed a hyperloop rail connection in Texas for the route running from Dallas to
December 2017
development Houston.
142
7.2. DINCLIX GROUNDWORKS. (DGW HYPERLOOP)

55/5, Swasthya Nagar
Sukhliya, Indore, MP
India
Tel.: +91-7415-123-538
Website: www.dinclixgroundworks.com

Dinclix Ground Works is an information technology (IT) service company, which offers cloud storage services for
clients. It provides cloud backup services, cloud computing services, cloud server hosting services, cloud storage
services, and networking & automation solutions. It is working on new mode of transportation, with pods running in a
tube with low-air pressure for energy and cost-efficient travel. DGW Hyperloop is an R&D project of Dinclix Ground
Works. It is privately held firm; therefore, its financial information is not available on public domain.

TABLE 73. DINCLIX GROUND WORKS: COMPANY SNAPSHOT
Key Executive Nipun Khare (Cofounder and CEO)
Geographical Presence Asia-Pacific
Key Strategic Move Proposed plan
143

Dinclix Ground Works operates its business through a single reportable segment, which has been mentioned below:
TABLE 74. DINCLIX GROUND WORKS: OPERATING SEGMENTS

Segment Description
Platforms Offers DGW cloud platform for customers


Dinclix Ground Works offers a wide range of services through the following product category:
TABLE 75. DINCLIX GROUND WORKS: PRODUCT PORTFOLIO

R&D Project DGW Hyperloop


Dinclix Ground Works adopted proposed plan as its key developmental strategy to sustain the intense competition
and improve its product portfolio.
Dinclix GroundWorks named its project as DGWHyperloop. The proposed route Delhi Mumbai
March 2017 Proposed plan Hyperloop Corridor will connect Delhi and Mumbai. In addition, it has planned to connect
Nashik, Ujjain, and Kota to the route.
144
7.3. HYPERLOOP INDIA

VidyaVihar Campus
Pilani, Rajasthan 333031
India
Tel.: +91-9829118530
Website: www.hyperloopindia.in

Hyperloop India is the alliance of students from BITS Pilani, Rajasthan, India engaged in reinventing transportation.
The team consists of 120 teams selected from India and other countries to present their designs at the 2016 SpaceX
Hyperloop Design Weekend. The aim of this team is to design and manufacture India’s first indigenously built safe,
scalable, and feasible hyperloop pod prototype for the SpaceX Hyperloop Pod Competition. Ministry of Railways,
Government of India has announced the Mission 350 Plus initiative to accommodate India’s growing infrastructure
demands. Hyperloop India is a privately held firm; therefore, its financial information is not available on public
domain.
145

TABLE 76. HYPERLOOP INDIA: COMPANY SNAPSHOT

Hyperloop India operates its business through category single reportable segment, which is mentioned below:
TABLE 77. HYPERLOOP INDIA: OPERATING SEGMENTS

Segment Description
Hyperloop Project Involved in design and development of hyperloop pod on the SpaceX track

Hyperloop India offers a wide range of products and services through the following product category:
TABLE 78. HYPERLOOP INDIA: PRODUCT PORTFOLIO

Hyperloop OrcaPod
146
7.4. HYPERLOOP ONE, INC.

2159 Bay Street, Los Angeles
CA 90021
U.S.
Tel.: +1-323-977-2015
Website: www.hyperloop-one.com

Hyperloop One, Inc. designs and develops hyperloop transportation technology. It is involved in the research and
development of a vehicle based on the concept of Hyperloop One system. Its investors include Sherpa Capital,
Formation 8, 137 Ventures, DP World, Khosla Ventures, Caspian Venture Capital, Fast Digital, Western Technology
Investment, and others. Hyperloop One is a privately held firm; therefore, its financial information is not available on
public domain.
147

TABLE 79. HYPERLOOP ONE, INC.: COMPANY SNAPSHOT
Rob Lloyd (CEO)

Key Executives
Shervin Pishevar (Cofounder and Executive Chairman)
Geographical Presence North America, Europe, and Asia-Pacific
Key Strategic Move Partnership

Hyperloop One, Inc. operates its business through the following two reportable segments:
TABLE 80. HYPERLOOP ONE, INC.: OPERATING SEGMENTS

Segment Description
Cargo Service Focused on design and development of passenger and mixed-use cargo services
148

Hyperloop One, Inc. offers a wide range of products and services through the following product category:
TABLE 81. HYPERLOOP ONE, INC.: PRODUCT PORTFOLIO

Hyperloop Hyperloop One system

Hyperloop One, Inc. adopted partnership as its key developmental strategy to sustain the intense competition and
improve its product portfolio.
Virgin Hyperloop, a joint venture of Virgin and Hyperloop, established a partnership

November 2017 Partnership with the Government of Karnataka to test and build full-scale hyperloop system to
improve mobility in the Bengaluru metropolitan area.
Virgin Hyperloop a joint venture of Virgin and Hyperloop entered into a partnership
November 2017 Partnership with the Government of Maharashtra to identify potential routes and analyze technical
viability of hyperloop transportation solutions in Pune metropolitan region.
Hyperloop One established a partnership with Virgin Group to build a full-scale

October 2017 Partnership hyperloop system around the world with projects underway in the UAE, U.S., Canada,
Finland, the Netherlands, and India.
Virgin Hyperloop a joint venture of Virgin and Hyperloop entered into a partnership
August 2016 Partnership with DP World to improve the efficiency and profitability of DP World’s flagship Jebel
Ali port.
149
Hyperloop One established a Hyperloop One Metalworks, a 105,000 square foot

July 2016 Product development tooling and fabrication plant in North Las Vegas, Nevada to build and test DevLoop, its
first full-system of ultrafast transportation.
150
7.5. HYPERLOOP TRANSPORTATION TECHNOLOGIES

11844 Jefferson Boulevard
Culver City, CA 90230
U.S.
Tel.: +1-213-712-4267
Website: www.hyperlooptransp.com

Hyperloop Transportation Technologies, Inc. (HTT) manufactures tube-based transportation systems. It offers
leverages technology and crowd collaboration. It is planning to develop hyperloop system in partnership with MAD
Architects. The company serves private and public sector clients in North America and internationally. HTT is a
privately held firm; therefore, its financial information is not available on public domain.

TABLE 82. HYPERLOOP TRANSPORTATION TECHNOLOGIES: COMPANY SNAPSHOT
Key Executive Dirk Ahlborn (CEO)
Geographical Presence North America, Latin America, Europe, and Asia-Pacific
Key Strategic Move Agreement
151

Hyperloop Transportation Technologies operates its business through a single reportable segment, which is
mentioned below:
TABLE 83. HYPERLOOP TRANSPORTATION TECHNOLOGIES: OPERATING SEGMENTS

Segment Description
Hyperloop Engaged in the development of transportation system based on the hyperloop concept

Hyperloop Transportation Technologies offers a wide range of products and services through the following product
category:
TABLE 84. HYPERLOOP TRANSPORTATION TECHNOLOGIES: PRODUCT PORTFOLIO

▪ Capsule
Hyperloop ▪ Structure
▪ Station
152

Hyperloop Transportation Technologies adopted agreement as its key developmental strategy to sustain the intense
competition and improve its product portfolio.
Hyperloop Transportation Technologies (HTT) signed an agreement with the Government of

September 2017 Agreement the Indian State of Andhra Pradesh to launch hyperloop system and connect the city centers of
Amaravati and Vijayawada.
Hyperloop Transportation Technologies signed an agreement with the Korea Institute of Civil
June 2017 Agreement Engineering and Building Technology (KICT) to offer licensed technology to codevelop a full-
scale hyperloop system in South Korea.
Hyperloop Transportation Technologies in collaboration with Carbures S.A. initiated building

March 2017 Collaboration full-scale passenger hyperloop capsule in Toulouse, France after three years of research and
development.
Product Hyperloop Transportation Technologies, Inc. developed Hyperloop Levitation Systemat

May 2016
Development Lawrence Livermore National Labs (LLNL) as part of the Inductrack system.
Hyperloop Transportation Technologies, Inc. (HTT) launched a base technology of the

Product
May 2016 Hyperloop System called Vibranium, a smart material specifically developed for the hyperloop
Development
application.
Hyperloop Transportation Technologies (HTT) signed an agreement with Slovakia for the
March 2016 Agreement development of its first hyperloop, connecting Bratislava with Vienna, Austria & Budapest, and
Hungary.
153
7.6. SPACE EXPLORATION TECHNOLOGIES CORP.

Rocket road
Hawthorne, California
U.S.
Tel.: +1-310-363-6000
Website: www.spacex.com

Space Exploration Technologies Corp. is engaged in manufacturing of advanced rockets and spacecraft. It has
developed Falcon 9, a two-stage rocket, and Falcon Heavy, a two-stage heavy rocket. In May 2012, its Dragon
spacecraft delivered cargo to the International Space Station. Since then, Dragon has delivered cargo to missions for
NASA. In addition, it offers terrestrial transportation through its hyperloop services to private and government
sectors across the world. The company focused to design and build the transport pod for high-speed transportation. It
is privately held firm; therefore, its financial information is not available on public domain.
154

TABLE 85. SPACE EXPLORATION TECHNOLOGIES CORP: COMPANY SNAPSHOT
Elon R. Musk (Founder, CEO, CTO, and Chief Rocket Designer)

Key Executives
Gwynne Shotwell (President and COO)
Geographical Presence North America
Workforce More than 5,000 (as per website)

Space Exploration Technologies Corp operates its business through a single operating segment, which is mentioned
below:
TABLE 86. SPACE EXPLORATION TECHNOLOGIES CORP: OPERATING SEGMENTS

Segment Description
Advanced Rockets & Spacecraft Designs and manufactures satellites and the spacecraft
155

Space Exploration Technologies Corp offers a wide range of products through the following product category:
TABLE 87. SPACE EXPLORATION TECHNOLOGIES CORP: PRODUCT PORTFOLIO

Hyperloop Hyperloop Pod
156
7.7. TESLA, INC.

3500 Deer Creek Road
Palo Alto, California
U.S.
Tel.: +1-(650)-681-5000
Website: www.tesla.com

Tesla, Inc. designs and develops electric vehicles and energy storage products. It offers sedans and sport utility
vehicles. In addition, it provides electric vehicle powertrain components & systems, energy storage products,
rechargeable lithium-ion battery systems, and solar energy systems. The company was formerly known as Tesla
Motors, Inc., and changed its name to Tesla, Inc. in February 2017.

TABLE 88. TESLA, INC.: COMPANY SNAPSHOT
Elon R. Musk (CEO, Product Architect, and Chairman & Cofounder)

Key Executives
Jeffrey B. Straubel (CFO)
Automotive
Major Business Segment
Energy generation and storage
157
Geographical Presence North America, Europe, Asia-Pacific, and Middle East
Key Strategic Move Product development
▪ 2016: 7,000.0
Overall Financial Status ($Million) ▪ 2015: 4,046.0

▪ 2014: 3,198.0
Workforce 17,782 (as of December 31, 2016)

Tesla, Inc. operates its business through the following two reportable segments:
TABLE 89. TESLA, INC.: OPERATING SEGMENTS

Segment Description
Automotive Designs and manufactures electric vehicles
Provides stationary energy storage products and solar energy systems to residential and
Energy Generation & Storage
commercial customers
158

Tesla, Inc. offers a wide range of products and services through the following product category:
TABLE 90. TESLA, INC.: PRODUCT PORTFOLIO

Tesla-branded Hyperloop Pod Hyperloop pod hit 220 mph (355 km/h)
7.7.5. Business performance

Tesla, Inc. registered a growth rate of 73.0% in 2016 as compared to 2015, owing to increase in revenue of automotive
segment in 2016.
FIGURE 29. TESLA, INC.: REVENUE, 2014–2016 ($MILLION)
7,000.0
Revenue ($million)
4,046.0
3,198.0
2014 2015 2016
159
FIGURE 30. TESLA, INC.: REVENUE SHARE BY SEGMENT, 2016 (%)
2.6%
Automotive
Energy Generation & Storage
97.4%
FIGURE 31. TESLA, INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
20.0%
4.8%
U.S. China Norway Others
60.0%
15.2%
160

Tesla, Inc. adopted product launch as its key developmental strategy to sustain the intense competition and improve
its product portfolio.
Tesla participated in hyperloop pod competition sponsored by SpaceX. Tesla introduced its
Product
August 2017 brand of hyperloop pod hit 220 mph (355 km/h) in the competition. This hyperloop pod is
development
capable of transporting human passengers at speeds up to 800 mph.
161
7.8. TRANSPOD INC.

101 College St, Suite HL45
Toronto, Ontario, M5G 1L7
Canada
Tel.: +1-(416)-673-6607
Website: www.transpodhyperloop.com

TransPod Inc. is involved in designing and manufacturing of ultrahigh-speed transportation technology and vehicles.
It aims to create a faster and carbon-free alternative to jets and automobiles. In September 2016, it introduced
TransPod system at the InnoTrans Rail exhibition in Berlin. The company focused on TransPod tube system designed
for enhanced stability as compared to hyperloop, based on magnetic levitation. TransPod is a privately held firm;
therefore, its financial information is not available on public domain.
162

TABLE 91. TRANSPOD INC.: COMPANY SNAPSHOT
Sebastien Gendron (CEO)

Key Executives
Ryan Janzen (CTO)
Geographical Presence North America and Europe
Key Strategic Move Partnership

TransPod Inc. operates its business through a single reportable segment, which is mentioned below:
TABLE 92. TRANSPOD INC.: OPERATING SEGMENTS

Segment Description
Engaged in research and development of TransPod for safe and carbon-free passenger
Transportation Technology
transportation
163

TransPod Inc. offers a wide range of products and services through the following product category:
TABLE 93. TRANSPOD INC.: PRODUCT PORTFOLIO

TransPod Aerospace Vehicles TransPod Hyperloop

TransPod Inc. adopted partnership as its key developmental strategy to sustain the intense competition and improve
its product portfolio.
TransPod Inc. established a partnership with Liebherr-Aerospace to develop next-generation

June 2017 Partnership thermal management technology for hyperloop to redefine commercial transportation to
ensure safety, efficiency, and passenger comfort.
TransPod Inc. entered into a partnership with IKOS to support the general electrical system
January 2017 Partnership
and safety engineering of the TransPod hyperloop pod of TransPod Inc.
TransPod Inc. secured $15 million USD in seed funding from Angelo Investments, the Italian
November 2016 Agreement high-tech holding group specializing in advanced technologies for the railway, space, and
aviation industries.
Product TransPod Inc. introduced hyperloop system at InnoTrans in Berlin, Germany to redefine
September 2016
development commercial transportation.
164
7.9. UWASHINGTON HYPERLOOP

University of Washington
Seattle, WA
U.S.
Tel.: +1-314-935-5000
Website: www.hyperloop.io

UWashington Hyperloop is involved in design, research, and development of high-speed transportation system. It is
the group of the students of University of Washington working for transportation system based on concept of
hyperloop. It is sponsored by GloCal Network Corporation, Honda Motors, Goldenwest Mfg. Inc., LCNW, PacTrans,
Linear Technology, Sierra Circuits, Honda Motors, and Hyperloop Technologies. UWashington Hyperloop It is a
privately held firm; therefore, its financial information is not available on public domain.

TABLE 94. UWASHINGTON HYPERLOOP: COMPANY SNAPSHOT
Mitchell Frimodt (Director)

Key Executives
Nicole Lambert (Director)
Geographical Presence North America
165

Washington Hyperloop operates its business through a single reportable segment, which is mentioned below:
TABLE 95. UWASHINGTON HYPERLOOP: OPERATING SEGMENTS

Segment Description
A group of students from the University of Washington involved in the research and
Research and Development
development of hyperloop technology.
166
7.10. VICHYPER
Mill Park, Victoria
Australia
Tel.: +61 468 364 611.
Website: www.vichyper.com

VicHyper is team of engineers working on concept of hyperloop pod. The group consists of 17 members from a variety
of fields such as aerospace engineering, electrical engineering, and industrial design. The team was awarded the
Braking Subsystem Technical Excellence Award. VicHyper is privately held firm; therefore, its financial information is
not available on public domain.

TABLE 96. VICHYPER: COMPANY SNAPSHOT
167

VicHyper operates its business through a single reportable segment, which is mentioned below:
TABLE 97. VICHYPER: OPERATING SEGMENTS

Segment Description
Product Engaged in research and design of hyperloop pod for high-speed transportation
168
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Hyperloop Technology Market

Global Opportunity Analysis and Industry Forecast,

REPORT CODE - SE 182416

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Smart Sensor Market - Transportation System Infrastructure & Aerospace Industries by

1.1. REPORT DESCRIPTION .............................................................................................................. 28

1.2. KEY BENEFITS FOR STAKEHOLDERS .................................................................................... 29

1.3. KEY MARKET SEGMENTS .......................................................................................................... 30

1.4. RESEARCH METHODOLOGY ..................................................................................................... 32

1.4.1. Primary research.......................................................................................................... 33

1.4.2. Secondary research ..................................................................................................... 34

1.4.3. Analyst tools and models ........................................................................................... 34

CHAPTER 2 EXECUTIVE SUMMARY .......................................................................................................................... 35

2.1. CXO PERSPECTIVES .................................................................................................................... 38

CHAPTER 3 MARKET OVERVIEW .............................................................................................................................. 39

3.1. MARKET DEFINITION AND SCOPE ......................................................................................... 39

3.2. KEY FINDINGS ............................................................................................................................... 40

3.2.1. Top impacting factors ................................................................................................. 40

3.2.2. Top investment pockets ............................................................................................. 41

3.2.3. Top winning strategies ............................................................................................... 42

3.2.3.1. Top winning strategies, by year, 2015–2017* ............................................ 43

3.2.3.2. Top winning strategies, by development, 2015–2017* (%) ................. 44

3.2.3.3. Top winning strategies, by company, 2015–2017* .................................. 45

3.3. PORTER’S FIVE FORCES ANALYSIS ........................................................................................ 46

3.3.1. Moderate bargaining power of suppliers ............................................................ 46

3.3.2. Moderate threat of new entrants ............................................................................ 47

3.3.3. High threat of substitutes .......................................................................................... 47

3.3.4. High intensity of rivalry ............................................................................................. 48

3.3.5. Moderate bargaining power of buyers ................................................................. 48

3.4. MARKET PLAYER POSITIONING ............................................................................................. 49

3.5. MARKET DYNAMICS ................................................................................................................... 50

3.5.1. Drivers .............................................................................................................................. 50

3.5.1.1. High speed of hyperloop technology in comparison to other

3.5.1.2. Rise in environmental concerns ........................................................................ 50

3.5.1.3. Low cost of hyperloop technology as compared to other

3.5.2. Restraint .......................................................................................................................... 51

3.5.2.1. Safety and security concerns .............................................................................. 51

3.5.3. Opportunity .................................................................................................................... 52

3.5.3.1. Decongestion of traffic ........................................................................................... 52

CHAPTER 4 HYPERLOOP TECHNOLOGY MARKET, BY CARRIAGE TYPE ...................................................... 53

4.1. OVERVIEW ..................................................................................................................................... 53

4.2. PASSENGER .................................................................................................................................... 54

4.2.1. Key market trends, growth factors, and opportunities .................................. 54

4.2.2. Market size and forecast, by region ....................................................................... 54

4.2.3. Market size and forecast, by country .................................................................... 55

4.3. CARGO/FREIGHT ......................................................................................................................... 56

4.3.1. Key market trends, growth factors, and opportunities .................................. 56

4.3.2. Market size and forecast, by region ....................................................................... 56

4.3.3. Market size and forecast, by country .................................................................... 57

CHAPTER 5 HYPERLOOP TECHNOLOGY MARKET, BY TRANSPORTATION SYSTEM ............................... 58

5.1. OVERVIEW ..................................................................................................................................... 58

5.2. TUBE ................................................................................................................................................ 60

5.2.1. Key market trends, growth factors, and opportunities .................................. 60

5.2.2. Market size and forecast, region ............................................................................. 60

5.2.3. Market size and forecast, country .......................................................................... 61

5.3. PROPULSION ................................................................................................................................. 62

5.3.1. Key market trends, growth factors, and opportunities .................................. 62

5.3.2. Market size and forecast, by region ....................................................................... 62

5.3.3. Market size and forecast, by country .................................................................... 63

5.4. CAPSULE ......................................................................................................................................... 64

5.4.1. Key market trends, growth factors, and opportunities .................................. 64