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Hyperloop Technology Market Share

Report ID: GMI9144
Published Date: Apr 2024
Report Format: PDF

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Hyperloop Technology Market Share

Virgin Hyperloop and Hyperloop Transportation Technologies held a significant share of over 20% in 2023. Virgin Hyperloop is one of the leading companies in the hyperloop technology industry, pioneering the development, commercialization, and deployment of Hyperloop transportation systems worldwide. Founded in 2014, Virgin Hyperloop is a subsidiary of Virgin Group, a global conglomerate with diverse business interests in various industries, including transportation, travel, entertainment, media, telecommunications, healthcare, and renewable energy.

Hyperloop Transportation Technologies (HTT) is one of the leading companies in the hyperloop technology market, founded in 2013 by Dirk Ahlborn and Bibop Gresta. HTT is a global transportation and technology company that is developing and commercializing innovative Hyperloop transportation systems, solutions, and services to revolutionize and transform the future of transportation, mobility, and logistics.

Hyperloop Technology Market Companies

Major companies operating in the hyperloop technology industry are:

Virgin Hyperloop
Hyperloop Transportation Technologies
TransPod
Arrivo
SpaceX
TransPod Hyperloop
DGWHyperloop

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of hyperloop technology reached USD 3.5 billion in 2023 and is set to grow at over 30% CAGR between 2024 and 2032, owing to the rapid urbanization and population growth in cities worldwide that increase traffic congestion.

Hyperloop technology industry from the cargo segment is anticipated to expand at over 35% CAGR between 2024 and 2032, backed by the development of modular and flexible hyperloop cargo pods that can be customized and adapted to different cargo types.

Asia Pacific market size will record 35% CAGR from 2024 to 2032, attributed to the demand for faster and more efficient transportation solutions, technological advancements, and government support and initiatives to modernize transportation infrastructure.

Virgin Hyperloop, Hyperloop Transportation Technologies, TransPod, Arrivo, SpaceX, TransPod Hyperloop and DGWHyperloop.