Superfast Transport System Market Analysis and Forecast
Transport industry is the major factor driving the economic growth and social development for both developed and developing economies enabling them to be more competitive on the global level. It not only provides investments to boost the productivity but also helps in generating potential wealth for entire economy. With the changing economic scenario, the developing nations need to advance their transport infrastructure to cater the growing transport sector with the growing population and rapid urbanization. However, with a view to build safer, cleaner, more efficient and accessible transport systems which is unaffected by congestion and pollution, and will lower transport energy consumption, Elon Musk in his white paper Hyperloop Alpha suggested Hyperloop as the fifth mode of transport, which can be used to travel between long distances at super high speed within the tube, over or under the ground in a special environment. Hyperloop will consist of capsules which run within the low-pressure tubes at both low and high speeds throughout the length of the tube. These capsules are supported by a cushion of air, featuring pressurized air and aerodynamic lift which will accelerate using magnetic linear accelerator fixed at various stations on the low-pressure tube with rotors contained in each capsule for propulsion. Use of hyperloop will not only reduce the travel time and travel cost but also lessen the energy cost required as compared to existing modes of transport. The following figure describes the advantages which will be provided by hyperloop:
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The following section analyses the investment for the development of superfast transport system with respect to components which will be developed and manufactured during the research & development phase of the superfast transport system. These components are expected to support the proper functioning of the system thereby allowing travel for passenger and cargo at high speeds without any disruptions throughout the journey. In addition, these components are expected to have built-in security features in case of failure, thereby preventing accidents or loss of human life.
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