Global Train Control and Management Systems Market size is projected to be valued $4.7 Billion by 2025; with a CAGR of 7.6% from 2017 to 2025. Train control systems are used in electric multiple units, metros & high speed trains, and diesel multiple units to provide safety and integrate security provisions to passengers, staffs, and assets. The TCMS systems provide efficient operation of high speed trains and metros, with timely and accurate information to users, and assist operators during the any service disruptions. Governments across the world are continuously focused on up gradation of existing transportation infrastructure which would show an increased train control and management systems market trends.
Rise in demand for energy efficient rail systems, rapid urbanization, and increased demand for safe and comfortable transit solutions are the major factors driving the global train control and management systems. However, fluctuating fuel prices and risks associated with train control systems would restrain the market growth in coming years. Rising worldwide demand for high speed metros would provide several growth opportunities for the market in coming years.
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 train type, metros & high speed trains accounted for the largest market share in 2016, and are expected to continue its dominance during the forecast period, owing to increasing urban population and road traffic congestion which have increased the demand for rapid rail transit systems globally. Geographically, the market is categorised into North America, Europe, Asia-Pacific and Rest of the world (RoW).
Based on geography, the global train control and management systems market is segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers Germany, France, UK, Italy, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in this market are Bombardier Inc., Toshiba Corporation, Mitsubishi Electric Corporation, Alstom SA, Siemens AG, Hitachi Ltd., EKE-Electronics, Strukton Rail, and Thales Group among others.
The report covers
Scope of the Global Train Control and Management Systems Market
Train Type Segment
Train Control Solution Segment