Virgin Hyperloop, Hyperloop Transportation Technologies, and Hardt B.V. are Dominating the Global Hyperloop Technology Market in 2021

Global Hyperloop Technology Market is expected to grow with the CAGR of 36.6% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global hyperloop technology market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global hyperloop technology market are introducing proposed routes along with test tracks, for hyperloop across the globe. This has helped companies to maximize the sales with enhanced product portfolio.

  • In February 2019, Hyperloop Transportation Technologies revealed the images of its new full-scale test track in Toulouse, France, where it will start a series of tests for its hyperloop passenger pod. HTT is completing construction on the 320-meter test track before starting tests with its full-scale passenger pod, called Quintero 1.

Virgin Hyperloop is the dominating player in global hyperloop technology market. The other key players existing in the market are Hyperloop Transportation Technologies (HTT), Hardt B.V., Transpod, Zeleros, Aecom, Tesla Inc., Waterloop, Badgerloop, SpaceX Exploration Technologies Corp., Delft Hyperloop, NEXT Prototypes e.V. (TUM HYPERLOOP), VicHyper, Dinclix GroundWorks Private Limited, and Washinghton Hyperloop, among others.

Hyperloop Technology MarketVirgin Hyperloop

Virgin Hyperloop is headquartered in California, U.S. and was founded in 2014. The company focuses on the commercialization of hyperloop technology, for faster and cheaper transportation mode. The company is intensely working on proposed routes across the globe, on which hyperloop technology could be implemented. The product categories of the company include speed, sustainability, safety & comfort, system operations among which system operations is the market focussed category.

  • In September 2020, Virgin Hyperloop has formed a business partnership with Bangalore International Airport Limited (BIAL), operator of the award-winning Kempegowda International Airport to conduct a feasibility study for a proposed hyperloop corridor from BLR Airport. The partnership has aimed to explore ways in which hyperloop can become a part of the solution to tackle congestion and support economic growth in Bengaluru.

The company has wide global presence across the globe such as North America, Europe, Asia-Pacific, Africa/Middle East, and South America.

Hyperloop Tansportation Technologies  

Hyperloop Transportation Technologies is headquartered in California, U.S. and incorporated in 2013. The company focuses on providing shortest routes for a particular journey with the advent of hyperloop technology. The product category and the market focussed category of the company include R&D center, toulouse, france, feasibility study, great lakes, united states, commercial prototype, ABU Dhabi, UAE, Cargo prototype, port of Hamburg, Germany.

  • In March 2019, Hyperloop Transportation Technologies formed a strategic partnership with the U.S. DOT o help hyperloop and self-driving car projects cut through red tape faster. NETT could help streamline permit, approval and funding processes. The first council meeting takes place this week, and it will focus on tunneling projects seeking approvals in a number of states.

The company has presence in The Americas, Europe, Asia-Pacific, Middle East and Africa.

Hardt B.V.

Hardt B.V. is headquartered in Delft, Netherlands, and was established in 2016. The company is working continuously toward the implementation of innovative and sustainable mode of transport for long distance travel. The company focuses on providing solution for the heavily overpopulated regions, with the development of hyperloop system. The product categories of the company include technology, hub, hyperloop vehicle, and infrastructure.

  • In July 2020, Hardt B.V. has launched a Dutch hyperloop company that is fully providing the CABIN-1 with the impression of allowing high speed travels. The CABIN-1 is a 3-meter section of a fully finished interior hyperloop vehicle designed in partnership with the German companies Recaro and Continental, market pioneers in the fields of vehicle seating and interior, safety and passenger comfort. The launch of the project is going to enhance the capability and brand image of the company generating more income to it.

The company has wide presence across U.S., Brazil, Spain, France and UAE.