The Train Control System Market is projected to reach USD 3.58 billion by 2022, at a CAGR of 8.02%
The growing population in urban areas is expected to drive the global demand for rail vehicles in areas where the existing transportation infrastructure is proving to be insufficient. The expansion of the infrastructure network is also expected to drive the demand for new rail vehicles. Rapid transit vehicles are gaining popularity because of greater passenger capacity and fast mobility. The increasing demand for rapid transit vehicles is expected to fuel the demand for train control and management and train control solutions during the forecast period.
1. Increasing Demand for Train Control Systems-Equipped Rolling Stocks in Emerging Markets
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The train control systems market ecosystem consists of manufacturers such as 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 (US), MEN Mikro Elektronik GmbH (Germany), Eke Group (Finland), Strukton Rail (Netherland), CRSC (China), HUBER+SUHNER (Denmark), Wabtec Corporation (US), Quester Tangent (Canada), Medha Servo Drives Private Limited (India), UniControls a.s. (US), Leroy Automation (France), Amaronia Rail Ltd. (Finland), and Tech Mahindra (India).
Market Witnessing Shift toward LTE-R from Traditional GSM-R Communication Gateway
The Train Control System Market by connectivity is estimated to grow at a significant rate owing to the shift toward LTE-R from traditional GSM-R communication gateway. The broadband capability of LTE-R facilitates the development of new applications and services for clients for the improvement of communication. Furthermore, the mobile communication gateway market is expected to be driven by the rapid adoption of high-speed mobile communication gateway by train operators such as LTE-R and satellite to meet requirements such as improving travel comfort, overcoming increasing traffic, ensuring passenger’s safety & security during their journey, providing real-time multimedia information, and accessing social networks in stations.
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The Integrated Train Control (ITC) Segment to Create the Highest Growth Opportunities
The ITC segment is estimated to grow at the highest CAGR during the forecast period. The ITC train control solution optimizes headway times and punctuality and leads to reliable track-to-train transmission, which is expected to drive the ITC segment in the train control solution market. These solutions are gaining popularity as they offer the benefits of both, positive train control and CBTC systems.
The Mobile Communication Gateway Segment to Create the Highest Growth Opportunities
The mobile communication gateway segment is projected to grow at the fastest rate during the forecast period. This segment is witnessing demand from high-speed and advanced communication technologies, thereby leading manufacturers to focus on the development of advanced mobile communication gateway (MCG) with high bandwidth for TCMS. The demand for automation and fast connectivity is increasing in the railway industry, which in turn is estimated to drive the market for the mobile communication gateway during the forecast period. Furthermore, the mobile communication gateway market is expected to be driven by the growing demand for new communication technologies such as LTE-R and satellite.
The increasing penetration of TCMS will be beneficial for MCG manufacturers and suppliers. The MCG market growth can be attributed to the high installation rate of TCMS in developed regions as well as the increasing penetration in developing regions.
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- Equity research firms
- Investment firms
- Private equity firms
- Rail associations
- Rail operators
- Railway signaling specialists
- Rolling stock manufacturers
- Train control system manufacturers