Global Train Control and Management Systems Market: Mainly Propelled by Rise in
Global Train Control and Management Systems Market Report, published by Variant Market Research, forecast that the global market is projected to reach $4 billion by 2024 from $2 billion in 2016; growing at a CAGR of 7.6% from 2016 to 2024. By geography, North America and Asia-Pacific are expected to grow at a CAGR of 9.1% and 8.3 %, respectively, during the forecast period.
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Rapid urbanization fuels the global train control and management systems market
Global train control and management systems market trend are rapid urbanization, rise in demand for energy efficient rail systems, and increased demand for safe and comfortable transit solutions. However, fluctuating fuel prices and risks associated with train control systems may hamper the market growth. Moreover, rising demand for high speed metros are expected to present potential growth opportunities over the forecast timeframe.
The global train control and management system has been segmented on the basis of train type, component, and train control solution. By train type, the market is segmented into metros & high-speed trains, electric multiple units, and diesel multiple units. By component, the market is further divided into computer control units, modular input/output devices, mobile communication gateway, and human machine interfaces. By train control solution the market is segmented into positive train control, integrated train control, and communication-based train control.
By geography, the global train control and management systems market has been bifurcated into Europe, North America, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe covers Spain, South Korea, France, Germany, UK, and Rest of Europe. Asia-Pacific is categorized into Japan, China, India, and Rest of Asia-Pacific, while Rest of the World is bifurcated into Middle East, South America, and Africa.
In train type segment, metros & high-speed trains are witnessing the maximum growth in train control and management systems market
The metros & high-speed train segment is expected to grow at the maximum CAGR throughout the forecast period, due to increase in railway infrastructure investments worldwide. Also, demand for metros is also increasing in developing countries such as India and China.
By component segment, computer control units to be the largest segment of the train control systems market
Train control and management system market component, by computer control unit segment is estimated to be the largest market during the forecast period, due to the high cost of computer control units compared to all other components. In addition, high installation of train control systems market in developed regions as well as the increasing penetration in developing regions have also supported the growth of the segment.
In the train control solution segment, integrated train control witnessing the highest growth for the market
ITC segment is projected to grow at the maximum CAGR during the forecast period, owing to the optimize headway times and punctuality, and lead to reliable track-to-train transmission, which is estimated to drive the ITC segment in the train control solution market. These solutions are adding acceptance as they offer the benefits of both, positive train control and communication-based train control.
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Europe dominated the leading share in the global train control and management systems market
In the year 2016, Europe generated the highest revenue accounting for 35.1% of the total market share, driven by the increasing development of trains equipped with TCMS systems. Asia-Pacific occupied the second largest share of 26.5%, owing to increased demand for high speed trains in countries such as Japan and India. North America is projected to achieve the fastest CAGR of 9.1% throughout the forecast period 2016 – 2024. The high growth can be seen due to increasing investments in rapid rail transit projects in countries such as the U.S. In addition, Australia is also witnessing a high demand in the global train control and management systems market.
Key players profiled in the report include Alstom SA, Siemens AG, Hitachi Ltd., EKE-Electronics, Strukton Rail, Thales Group, Bombardier Inc., Toshiba Corporation, Mitsubishi Electric Corporation, among others.
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Scope of Train Control and Management Systems Market
Train Type Segment
- Electric Multiple Units
- Metros & High Speed Trains
- Diesel Multiple Units
- Modular Input/output Devices
- Computer Control Units
- Human Machine Interfaces
- Mobile Communication Gateway
Train Control Solution Segment
- Communication Based Train Control
- Integrated Train Control
- Positive Train Control
- North America
- United Kingdom
- South Korea
- South America
- Middle East
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