TOKYO, October 17, 2022 (GLOBE NEWSWIRE) – World Train Control Management Systems Market The volume reached $3,527 million in 2021 and is expected to generate a market size of $7,362 million by 2030 at a compound annual growth rate of 8.7% from 2022 to 2030.
Control Management Systems Market Statistics Training
- Global Train Control Management Systems Market Revenue was $3,527 Million in 2021, growing at a CAGR of 8.7% from 2022 to 2030
- North America led the market with over 35% share in 2021
- The Asia Pacific market is expected to reach a compound annual growth rate of 9.2% from 2022 to 2030
- By train type, the metro and high-speed rail segment is expected to register the highest growth rate over the forecast years
- The continuous trend of Internet of things and digitalization in railway infrastructure is driving the market share of train control management systems
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Train Control Management Systems Market Report:
|Market||Train Control Management Systems Market|
|Train Control Management Systems Market Size 2021||3,527 million USD|
|Train Control Management Systems Market 2030 forecast||7,362 million USD|
|Train Control Management Systems Market Compound annual growth rate during 2022 – 2030||8.7%|
|Train Control Management Systems Market Analysis period||2018 – 2030|
|Train Control Management Systems Market base year||2021|
|Train Control Management Systems Market forecast data||2022 – 2030|
|covered slices||By train type, revenue, connectivity, train control solutions, and geography|
|Train Control Management Systems Market Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|An overview of the main companies||By train type, revenue, connectivity, train control solutions, and geography|
|Report coverage||Market trends, drivers, restraints, competitive analysis, player rating, regulations analysis|
Overview of the Train Control Management Systems Market
A Train Control Management System (TCMS) is a central management system that manages the flow of information between railways and subsystems. It consists of a variety of computer-based technologies, including programming, human-machine interfaces, electronic and analog input/output (I/O) systems, as well as data networking.
Market Growth Factors for Train Control Systems
- Increased adoption of artificial intelligence and cloud-based facilities
- Growing federal government investment in rail transport
- Increased preference for a safer, more efficient, and more efficient transportation network
- Dynamics of the Train Control Management Systems Market
Increasing demand for safe, secure and convenient transportation networks is driving the trend of TCMS market
According to the World Health Organization (WHO), vehicle-related injuries are the most common cause of death among those aged 15 to 29, contributing to 1.25 million premature deaths each year. In addition, road accidents cause huge financial losses to victims, their families and even governments. As a result, the increasing demand for reliable, safe and efficient transportation infrastructure contributes significantly to the growth of the global market trend of Train Control Management Systems. Railroads are the safest and most cost-effective means of transportation, which has resulted in increased demand for railways.
The latest trains are equipped with sensors, cameras and communication devices. However, these trains travel underground or on the surface of the ground in most areas and are robustly secured by gates or fences to prevent encroachment, thus boosting the growth of the TCMS market.
The high maintenance and infrastructure costs associated with the system constrain the train control management system market
Rail infrastructure costs include capital and maintenance expenditures for tracks, architectural structures such as bridges or tunnels, railroad signals, communication networks, power supply in electrified parts, and terminal infrastructure. These infrastructure expenditures, in addition to the price of equipment, land development and capital, act as constraints on rail infrastructure.
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Train Control Management Systems Market Segmentation
The global train control management systems market has been segmented by Acumen Research and Consulting based on train type, components, connectivity and train control solutions. By type of train, the section is separated into metro trains, high-speed trains, multi-diesel units, and multi-electric units. According to the train control systems market forecast, the metro and high-speed train segment is expected to develop significantly in the coming years. By components, the market is categorized into vehicle console, human machine interface, mobile communication gateway, and others. By connectivity, the market is categorized into GSM-R, TETRA, Wi-Fi and others. With train control solutions, the market is segmented into positive train control system, integrated train control, and communication-based train control.
Overview of the Train Control Management Systems Market
The global Train Control Management Systems market is segmented into several geographies: Asia Pacific, North America, Europe, Latin America, Middle East and Africa. According to the train control management system industry analysis, the European region will take the lead in the global market
The European market represents a significant revenue growth for participants in the train control and management systems market, as railways in major European countries are equipped with the latest technology such as train control and management systems. On the Hungarian railway, for example, Siemens train control and management technologies will be deployed. By the end of 2020, this new signaling technology is expected to be operational. In addition, Bombardier Transportation, another manufacturer of train control and management systems, has built a new high-tech laboratory for railway technology and demonstrated ideas for battery-powered trains in Mannheim, Germany.
The Asia Pacific region will have the highest CAGR of the Train Control Management Systems Market
The railway industry in Asia Pacific is one of the fastest growing emerging economies in the world, with nearly 40,000 km of railway projects in the planning or development stages. This is due to the escalating development in the region in addition to the modernization of railways. Passengers strongly prefer advanced rail transportation options that may provide increased mobility with safety and comfort, as well as environmental sustainability. In response to growing customer demand, government authorities are collaborating to digitally transform and modernize the regional train network.
For example, the Government of India announced in 2015 that it would invest US$137 billion in railway infrastructure and railway assets over the next five years. Similarly, China has allocated $456 billion to develop urban rail transport by 6000 km by 2020. These massive initiatives positively impact the commercial world.
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Train Control Management Systems Market
Some of the prominent companies in the train control management system market are Bombardier Inc. and Knorr-Bremse AG, Toshiba Corporation, Hitachi Ltd, Siemens AG, Mitsubishi Electric Corporation and ALSTOM SA.
Control Management Systems Market Strategies Training
Some of the main strategies in the market:
- In 2015, Hitachi Ltd. announced its merger with AnsaldoBreda SpA (Italy). Hitachi has been able to improve its presence in the Signal and Traffic Management Systems markets as a result of this strategic acquisition.
- In January 2016, Alstom SA announced a consent model agreement with Kochi Metro Rail (KMRL) in India for the sale of 25 Made in India coaches. Alstom is supplying KMRL with an initial fleet of 25 three-car urban trains under a US$90 million deal won in October 2014, with options for up to 25 additional trains.
This report answers the questions
- What will be the market size of the Train Control Management Systems market in 2021?
- What will be the CAGR of the Train Control Management Systems market during the forecast period 2022 to 2030?
- Who are the key players in the global Train Control Management Systems market?
- Which region captured the largest share of the Train Control Management Systems market in 2021?
- What are the key market drivers for the Train Control Management Systems Market?
- Who is the largest market for end-user train control management systems?
- What will be the market value of train control management systems in 2030?
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