“Hyperloop Transportation System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2025,”in terms of revenue, the Hyperloop transportation system market was valued at US$ 12.4 Bn in 2021, and is expected to reach US$180 Bn by 2030, expected to grow at a CAGR of 34.6% from 2021 to 2030.
Hyperloop transportation system is the modern version of very high speed rail transportation. Hyperloop transportation is a manner of transportation of passengers and freights or cargo. The hyperloop transportation system comprises of a sealed tube through which a pod or may be said an elongated vehicle may travel free of air friction or air resistance to transfer people or cargos at a high speed. The hyperloop transportation system serves the purpose of transportation of passengers as well as Cargo or freights. Among the overall hyperloop transportation system market the passenger transportation holds the largest share. The hyperloop technology is expected to be the world’s fastest method of public transportation. The recent innovation in rail transportation system is an example of hyperloop transportation system. The hyperloop technology is the cheapest and fastest mode of transport in the years to come. Thus, hyperloop transportation being the future of transportation it is expected to enhance the market growth during the forecast period of 2022-2030.