According to a new report published by Reports Monitor titled, “Train Control & Management System Market Component, Train Type, and Solution: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Train Control & Management System Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Europe dominates the Train Control & Management System Market, and is expected to maintain this trend throughout the forecast period.
Train Control & Management System are combination of hardware and software that supervise trains locations and movements to ensure the safe signaling for safety. Train Control & Management System reads the distance between trains and if it’s critical they inform the train driver about the need to reduce speed or to stop.
Growing population and rapid pace of urbanization are fuelling the advancements in rail networks globally. Heavy investments by governments on rail projects are propelling the growth of rail industry. Rising demand for rapid rail transit, ever-rising population, support of high speed communication systems, are some of the other driving factors for Train Control & Management System Market.
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Global Train Control Systems market has been segmented majorly on the basis of Component (vehicle control unit, mobile communication gateway, human machine interface, and others), Train type (metros & high speed train, electric multiple unit, and diesel multiple unit) & Solution (Co communication-based train control (CBTC), positive train control, and integrated train control).
Europe is expected to be the largest market for Train Control & Management System. European countries have most advanced rail infrastructure in world and European countries spend heavy on updating rail network. North America is expected to be second largest market for Train Control & Management System. Heavy spending on rail infrastructure by countries like U.S. and Canada, have fuelled the demand for Train Control & Management System in this region.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Train Control & Management System Market and what are their strategies?
• What segment and region will lead the market and why?
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The major companies profiled in the report include: Alstom SA, Bombardier Inc., Toshiba Corporation, Siemens AG, Hitachi Ltd., Construcciones Y Auxiliar De Ferrocarriles, S.A (CAF), Mitsubishi Electric Corporation, EKE Group, Oranjewoud NV and Rockwell Collins Inc.
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