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Market Leaders – TCMS Market
The global train control and management system (TCMS) market is primarily driven by population growth and urbanization. The rolling stock industry has witnessed significant growth in Asia-Oceania countries such as China and India. Additionally, Middle Eastern countries such as UAE and Saudi Arabia have emerged as key markets for TCMS, owing to the increasing demand for rapid transit vehicles. These factors have spurred the growth of the global TCMS market. The market is projected to grow at a CAGR of 7.72% from 2016 to 2021, to reach a market size of USD 3.28 Billion by 2021.
Bombardier Inc. (Canada) is a global leader in the production of rolling stock. The company’s transportation segment has a global presence, with 61 production and engineering sites in 28 countries and 18 service centers. Technological innovation is one of Bombardier’s key strengths. It offers complete integrated rail solutions. The company is focusing on obtaining long-term supply contracts to ensure steady growth. It recently acquired multiple contracts in emerging countries such as India as well as developed countries such as the U.S. Bombardier is also aiming at expanding its production capabilities by setting up engineering sites in high-growth markets. It spends 9% of its overall revenue on R&D activities to retain its leading position in the market.
Alstom SA (France) is another major player in the TCMS market. The company has increased its geographical presence through various partnerships and joint ventures. For instance, Alstom collaborated with China Railway Signal and Communication Co., Ltd. to establish Casco Signal Ltd., a joint venture, to cater to the Chinese signaling solution market. The company has been focusing on high-growth markets such as India, South Africa, and the Commonwealth of Independent States (CIS) (which includes countries such as Kazakhstan and Turkmenistan). It has established manufacturing and R&D units in countries such as India; this has provided it with a competitive advantage. Alstom has signed numerous long-term supply contracts for rapid transit vehicles, which would help it gain traction in the market.
Other players operating in the TCMS market include Siemens AG (Germany), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi Ltd. (Japan), EKE-Electronics (Finland), Strukton Rail (The Netherlands), and CAF (Spain).
TCMS Market by Component (Vehicle Control Unit, Mobile Communication Gateway, & HMI), Train Type (Metros and High-Speed Trains, EMU, DMU), Train Control Solutions (PTC, CBTC & Integrated Train Control) and Region - Global Forecast to 2021
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