The report "Train Control Systems Market by Solution (PTC, CBTC, & Integrated Train Control), Component (Vehicle Control Unit, Communication Gateway, & HMI), Connectivity (GSM-R, Wi-Fi, TETRA), Train Type (EMU, DMU, Metro & High Speed) & Region - Forecast to 2022", The Train Control Systems Market, by value, is projected to grow at a CAGR of 8.02% from 2017 to reach USD 3.58 Billion by 2022. The key factors driving the market growth include the rapid growth in the urbanization & population in Asia Oceania and the significant rise in government spending on new high-speed rail projects, which would propel the North American market in the near future. The increasing rail transit network such as light rail transit and metros & high-speed rails is also expected to boost the demand for Train control systems as it is a standard system for rail safety and management.
Browse 104 Market Data Tables and 45 Figures spread through 171 Pages and in-depth TOC on "Train Control Systems Market by Solution (PTC, CBTC, & Integrated Train Control), Component (Vehicle Control Unit, Communication Gateway, & HMI), Connectivity (GSM-R, Wi-Fi, TETRA), Train Type (EMU, DMU, Metro & High Speed) & Region - Forecast to 2022"
Early buyers will receive 10% customization on reports.
“The vehicle control unit to be the largest segment of the Train Control Systems Market.”
The study segments the Train control systems market, by component, into vehicle control unit, mobile communication gateway, human machine interface, and others. Among all these components, the vehicle control unit segment is estimated to be the largest market for Train control systems during the forecast period owing to the high cost of vehicle control units compared to all other components. The growth can be attributed to the high installation of Train control systems market in developed regions as well as the increasing penetration in developing regions.
“The metros & high-speed rails segment to witness the highest growth.”
The study segments the Train control systems market, by train type, into metros & high-speed trains, EMU, and DMU. The metros & high-speed train segment is estimated to grow at the highest CAGR during the forecast period. Increasing railway infrastructure investments across the globe are set to drive the demand for metros & high-speed trains. The demand for metros is also rising in developing countries such as China and India.
“GSM-R to be the largest segment of the Train control systems market by connectivity.”
The report classifies the Train control systems market, by connectivity, into GSM-R, TETRA, Wi-Fi, and others. The GSM-R segment is estimated to account for the largest market share in the global Train control systems market by connectivity, during the forecast period. GSM-R is the radio system of choice for track-to-train voice communication in countries such as Europe, the US, India, and China. It is a highly interoperable and enormously effective global standard.
“The ITC segment to witness the highest growth”
The study segments the train control solution market, by type, into PTC, CBTC, and ITC. The ITC segment is estimated to grow at the highest CAGR during the forecast period. ITC train control solutions 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 gaining popularity as they offer the benefits of both, PTC and CBTC systems.
“Europe to be the largest market for Train control systems market”
Europe is expected to be the largest market for Train control systems market by 2022. The European Train control systems market is expected to be driven by the high adoption of advanced technologies and railways and government initiatives to boost the advanced safety & passenger security standards. Europe has one of the most technologically advanced railway infrastructures in the world. However, many countries in the region are adopting automated metros and high-speed trains and upgrading their infrastructure accordingly. Train control systems have a high penetration rate in the European rail market. All private rail operators in the region are opting for trains equipped with these systems.
The key players in the Train control systems market are profiled in the study. These include Bombardier Inc. (Canada), Siemens AG (Germany), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi Ltd. (Japan), Knorr-Bremse AG (Germany), ALSTOM SA (France), CAF GROUP (Spain), ABB (Switzerland), Thales Group (France), ASELSAN A.ª (Turkey), DEUTA-WERKE GmbH (Germany), Rockwell Collins (USA), MEN Mikro Elektronik GmbH (Germany), Eke Group (Finland), Strukton Rail (Netherland), CRSC (China), HUBER+SUHNER (Denmark), Wabtec Corporation (USA), Quester Tangent (Canada), Medha Servo Drives Private Limited (India), UniControls a.s. (US), Leroy Automation (France), Amaronia Rail Ltd. (Finland), and Tech Mahindra (India).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441