Press release
Train Control and Management Systems Market to Reach US$ 5.78 Billion by 2031 With a 2.1% CAGR
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Key Takeaways:
The U.S. is expected to dominate the North America market due to increased railway construction projects.
The U.K. is anticipated to show strong growth in the Europe market, driven by a focus on safety and transportation system optimization.
India is poised to become a lucrative market, driven by investments in new train procurement.
The metros & high-speed trains segment is expected to hold the largest market share due to increased demand for fast railways.
The communication-based train control segment is projected to grow significantly due to its deployment in modern railway infrastructures.
Growth Drivers:
Increasing old railways infrastructure refurbishment activities across numerous countries and growing deployment of advanced train management systems are favoring the demand in the market.
Rising trend of electrification across the transportation sector and growing adoption of electric trains is expected to bolster the train control and management systems sales.
Restraints:
Extravagant cost of installation, high deployment complexities, and cost of maintenance are impeding sales of train control and management systems in the market.
Rising stringent regulations on the carbon emission will restrict the growth in the market.
Key Players:
ABB
General Electric
Hitachi Ltd.
Mitsubishi Electric Corporation
Alstom SA
Bombardier Inc.
MEN Mikro Elektronik GmbH
Siemens AG
DEUTA-WERKE GmbH
EKE Group
Strukton Rail
Toshiba Corporation
Thales Group
Competitive Landscape:
Major players in the train control and management systems market (열차 제어 및 관리 시스템 시장) are enhancing their offerings and employing new strategies to expand globally. For example:
In May 2021, Railinc, a provider of rail messaging and data services for freight railways in North America, rebranded its new business unit as TransmetriQ.
In January 2021, QuEST Global, a Singapore-based engineering and lifecycle services company, launched a new train control and management system laboratory in Hyderabad, India, to bolster its presence and revenue share in the Indian market.
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Key Segments of Train Control and Management Systems (Markt für Zugsteuerungs- und -managementsysteme) Industry Research
TCMS Market by Train Type :
Metros & High Speed Trains
Electric Multiple Units
Diesel Multiple Units
TCMS Market by Component :
Computer Control Units
Modular Input/output Devices
Mobile Communication Gateways
Human Machine Interfaces
Others
TCMS Market by Connectivity :
GSM-R
Wi-Fi
TETRA
Others
TCMS Market by Solution Type :
PTC (Positive Train Control) Systems
Communication-based Train Control (CBTC)
Integrated Train Control
TCMS Market by Region :
North America Train Control and Management Systems Market
Latin America Train Control and Management Systems Market
Europe Train Control and Management Systems Market
East Asia Train Control and Management Systems Market
South Asia & Oceania Train Control and Management Systems Market
MEA Train Control and Management Systems Market
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