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Editing: ten; Published: February 2022
Executive commitments: 16459
Companies: 51 – Players covered include ABB; Alstom SA; Aselsan AS; Bombardier Inc.; CAF, Constructions and Auxiliaries of Ferrocarriles, SA; China Railway Signal & Communication Corporation Limited; DEUTA-WERKE GmbH; EKE-Electronic Ltd; Hitachi Ltd; Knorr-Bremse AG; Mitsubishi Electric Corporation; Siemens AG; Strukton Rail AB; Thales Group; Toshiba Corporation and others.
Blanket: All major geographies and key segments
segments: Solution (communication based train control, positive train control, integrated train control); Component (vehicle control unit, human-machine interface, mobile communication gateway, other components); Type of train (diesel multiple units, metros and high-speed trains, electric multiple units)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Middle East; Africa.
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Global Train Control and Management Systems (TCMS) Market to Reach $3.4 billion by 2026
Train Control Management System (TCMS) represents an advanced control system that controls and manages the flow of information between trains and subsystems such as air conditioners or doors. The growing popularity of TCMS is due to the increasing deployment of communication-based train control (CBTC). The growth of the global market is driven by the growing focus on rail operators to increase throughput, ensure passenger safety and improve network responsiveness. The growing use of the rail network for commuting is likely to prompt governments to upgrade infrastructure for faster passenger transport. The market is expected to receive a major boost from government efforts to establish smart cities as well as smart railway infrastructure. Investments in large-scale public transport infrastructure, including high-speed trains and high-speed trains, should make public transport easier and faster. The growth of the market is further supported by the continuous efforts to improve the energy efficiency of the railway infrastructure as well as the electrification of the existing lines, mainly in developing countries like China and India. Extension of the lines of the existing rail network, in particular in Europe, China and India including the One Belt One Road project is likely to drive the growth of the market. In addition, the increasing complexity of rail networks and concerns about cyberattacks are prompting countries to establish secure, safe and reliable operating platforms to maintain uninterrupted rail operations. The integration of sophisticated software to enable hardware-independent and safety-certified in-vehicle solutions while ensuring reliable operations of critical components in TCMS should significantly improve their functionality and increase the adoption of these systems.
Amid COVID-19 Crisis, Global Train Control and Management Systems (TCMS) Market Estimated at US$2.5 billion in 2022, is expected to reach a revised size of US$3.4 billion by 2026, growing at a CAGR of 6.4% over the analysis period. Communication-based train control, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.9% to reach US$1.6 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the economic crisis it induces, the growth of the Positive Train Control segment is readjusted to a revised CAGR of 6.1% for the next 7-year period. This segment currently accounts for a 30.1% share of the global Train Control and Management Systems (TCMS) market. The CBTC (Communications-based Train Control) system uses communication between the track equipment and the train for precise signalling. PTC (Positive Train Control) systems provide positive signals to the train for movement. The train receives the set of instructions on how far the train can move according to the given instructions.
The US market is estimated at $335.2 million in 2022, when China is expected to reach $639.1 million by 2026
The Train Control and Management Systems (TCMS) Market in the United States is estimated at US$335.2 million in 2022. The country currently accounts for a 13.21% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$639.1 million in 2026 with a CAGR of 7.9% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 5.4% and 6% respectively over the analysis period. In Europe, Germany is expected to grow around 6% CAGR while the rest of the European market (as defined in the study) will reach US$692.2 million at the end of the analysis period. Extension of the lines of the existing rail network, in particular in Europe, China and India whose One Belt One Road project is likely to drive growth in these regions. The European Train Control System (ETCS), a component of the European Rail Traffic Management System (ERTMS), focuses on improving signaling and control on EU rail networks. Due to the safety and efficiency it offers in the operation of the rail network, the ETCS standard has also gained popularity in several non-EU countries. Infrastructure boom in emerging economies, including China and India should present lucrative growth opportunities in Asia Pacific Region.
Integrated train control segment to reach $884.9 million by 2026
Integrated train control system refers to central traffic control room systems that manage, control and supervise the movement of trains for main lines and public transport over a wide geographical area. It enables passenger and freight railways to improve operational efficiency, safety, cybersecurity and profitability. The system allows controllers to follow train movements in real time, which is essential for the smooth flow of traffic and to ensure safety. In the global integrated train control segment, United States, Canada, Japan, China and Europe will drive the CAGR of 7.5% estimated for this segment. These regional markets representing a combined market size of US$424.9 million will reach a projected size of US$707.1 million at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$108.9 million by 2026. Continued
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