The Report Automatic Train Control Market Analyzes Global Market Size, Share, Growth, Trends, Segmentation, Top Key Players, Strategies, Demand, Statistics, Competitive Landscape And Forecast.
According to research report “Automatic Train Control Market” by Automation (GoA 1, GoA 2, GoA 3, GoA 4), Service (Consulting, Integration & Deployment), Train Type (Urban (Metro & High-Speed Trains), Mainline (Passenger & Freight Trains)), and Region – Global Forecast to 2023″, The global ATC market size is expected to grow from USD 2.2 in 2018 to USD 3.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period. Major driving factors for the ATC market are population explosion and hyper urbanization, technological advancements targeting passenger convenience, and emerging trend of smart cities.
Browse in-depth TOC on “Automatic Train Control Market”
59 – Tables
32 – Figures
112 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57153711
GoA 2 segment to account for the largest market size during the forecast period
The GoA 2 segment is expected to hold the largest market size in the ATC market by automation. GoA 2 includes semi-automation train operations. GoA 2-based systems provide full ATP and ATO, along with a train operator stationed at the control cab. ATO systems control train movement by commanding train acceleration and deceleration. The movement of the train is supervised by the ATP system. Under GoA 2, the train operator monitors trackside conditions ahead of the train and is responsible for closing passenger doors and operating the train in the event of any disruption. However, setting the train in motion and stopping the train are performed automatically.
Integration and deployment services segment to account for a larger market size during the forecast period
Integration and deployment services help identify the need for adaptations or upgradations to support the ATC software in the existing infrastructure and avoid the restriction of such software. These services help in speedy deployment, save time and costs, enable efficient working, and minimize deployment-related disruptions. Integration and deployment services begin with collecting customers’ requirements, and then deploying, integrating, testing, and rolling out solutions. Integration and deployment service providers help end users integrate smart infrastructure solutions with their existing infrastructures. These services help in deploying the best-in-class solutions, independent of the vendor, to develop highly optimized smart railways.
Request Sample Copy: https://www.marketsandmarkets.com/requestsampleNew.asp?id=57153711
Europe to account for the largest market size during the forecast period
The region is highly receptive toward advanced technologies, as the European Telecommunications Standards Institute (ETSI) has formed a separate committee to focus on Machine-2-Machine (M2M) communication privacy standardization and high trading standards. Due to the use of advanced mechanical and communication technologies, the region has seen a wide deployment of ATC solutions. The dynamics of the rail industry in Europe is changing rapidly with new freight and passenger management systems. With the region’s extensive rail network and the drive toward modernization and upgradation, the region has witnessed increased deployment of ATC solutions
Major ATC market vendors include Thales (France), Bombardier (Canada), Toshiba (Japan), Alstom (France), Tech Mahindra (India), WSP (Canada), Cisco (US), Hitachi (Japan), GE (US), and Siemens (Germany).
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 7500 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, “Knowledge Store” 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.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/automatic-train-control.asp