- In January 2024, Hyperloop Transportation Technologies (HyperloopTT) enhanced its joint venture with two Italian industrial firms, Webuild and Leonardo, by becoming their technology provider, aiming to develop the world’s first commercial hyperloop system in Italy
- In February 2023, the Hyperloop Association was established, bringing together seven leading hyperloop companies such as Hardt, Hyperloop Transportation Technologies, Swisspod Technologies, Hyperloop One, Nevomo, TransPod, and Zeleros to promote a high-speed transportation system that aims to significantly reduce travel times while being more energy-efficient and sustainable than traditional mass transit options
- In February 2021, Hyperloop Transportation Technologies (HTT) announced it had signed a memorandum of understanding with the Haryana state government in India to explore the feasibility of a Hyperloop route between Delhi and Chandigarh
- In December 2020, Hardt Hyperloop revealed that it had secured USD 7.08 million in funding to advance its Hyperloop technology
- In August 2020, Virgin Hyperloop announced a partnership with the Center of Science and Industry (COSI) in Ohio to create a Hyperloop experience center, allowing visitors to learn about the technology and enjoy a simulated Hyperloop ride
Frequently Asked Questions
The market is segmented based on Segmentation, By Components (Capsule, Tube, Propulsion System, and Others), Speed (More Than 700 Miles and Less Than 700 Miles), Capacity (Seat Capacity and Carriage Capacity), Route (Intercity and Intracity), Application (Passenger and Cargo/Freight) – Industry Trends and Forecast to 2031
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The Global Hyperloop Technology Market size was valued at USD 2.05 USD Billion in 2023.
The Global Hyperloop Technology Market is projected to grow at a CAGR of 36.6% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
