The Train Control and Management System (TCMS) market is estimated to grow at a CAGR of 8.02% from 2017 to 2022 and is projected to reach USD 3.58 Billion by 2022. The key factors driving the market growth include rapidly growing population and urbanization in Asia-Oceania, government mandates in developed regions such as North America and Europe, and availability of high-speed communication systems. The increasing rail transit network including light rail transit, metros, and high-speed rails is also expected to boost the demand for TCMS as it is a standard system for rail safety and management
The manufacturers of TCMS have adopted the strategies of mergers & acquisitions and supply contracts to gain traction in the TCMS market. Mergers & acquisitions help the company to expand their business to new markets or regions, acquire new technologies or skill sets, and gain a competitive edge. For example, Hitachi Ltd. acquired AnsaldoBreda S.p.A. (Italy) in 2015. The strategic acquisition enabled Hitachi to strengthen its position in the signaling and traffic management system markets. Further, the supply contract strategy helps the company to strengthen its business revenue and customer base in different regions. For example, in July 2017, Thales Group secured a contract from the Gülermak-Kolin joint venture for the Baºkentray project. The project would help to modernize the high-speed line between Ankara and Istanbul with advanced systems such as ETCS, electronic interlocking systems, and centralized traffic control system.
The key suppliers of train control and management systems include Bombardier Inc. (Canada), Alstom SA (France), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), Hitachi Ltd. (Japan), and Toshiba Corporation (Japan).
Alstom SA’s wide product portfolio and strong customer base in Europe and Asia-Pacific make it one of the top manufacturers in the TCMS market. The company’s key strengths are its R&D and collaborations with several players in the value chain. The company employs varied strategies of new product development and supply contract to maintain a competitive edge. In July 2017, Alstom SA announced a collaboration with France-based railway company SNCF Réseau to develop and design a new operational traffic management tool. The tool will be deployed on the railway lines connecting Lyon, Paris, and Marseille. Additionally, in January 2016, Alstom SA signed a supply agreement with Indias Kochi Metro Rail (KMRL) to supply 25 Made in India coaches. Alstom supplied an initial fleet of 25 three-car metropolis trainsets to KMRL under a USD 90 million contract awarded in October 2014, which also includes options for up to 25 additional trainsets.
Bombardier Inc. (Canada) has a strong presence in North America and Europe. The company is focusing on expanding its transportation business in new regions, which in turn is expected to increase the global market share of the company. In 2016, the company announced the start of a new manufacturing facility at Johannesburg, South Africa to produce propulsion equipment such as MITRAC for TRAXX Africa locomotives. Furthermore, the company is focusing on reaching global clients and enhance its client network by securing supply contracts. For instance, in 2017, the company secured a contract with China Railway Corp. (CRC) to deliver 144 high-speed train cars- CRH1A-A for a high-speed rail network in China. This contract also includes the supply of propulsion and control system such as Bombardier MITRAC by Bombardier Chinese joint venture, Bombardier CPC Propulsion System Co., Ltd. (BCP).
TCMS Market by Train Control Solution (PTC, CBTC, & Integrated Train Control), Component (Vehicle Control Unit, Mobile Communication Gateway, & HMI), Connectivity (GSM-R, Wi-Fi, TETRA), Train Type (EMU, DMU, Metro & High Speed) & Region - Forecast to 2022
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