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Train Control and Management System (TMCS) Market Growing Demand for Safe and Comfortable Transit Solutions in Different Regions
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In 2015, Asia-Pacific was the second largest market for train control and management system. The region contributed 31.2% to the global revenue generated from the sales of train control and management system in 2015. These advancements have helped train operators reduce traffic as well. Global players in the TCMS market are collaborating with domestic players in emerging economies such as China and India, where the demand for rapid transit vehicles is on the rise.
The key trend observed in the TCMS market is the deployment of CBTC systems in new trains across the globe. CBTC is a railway signaling system, which utilizes telecommunication between track equipment and train for the infrastructure control and train management. The CBTC is the next-generation signaling system, which uses wireless communication to collect data regarding the position of train and to revert with control signals to train.
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Some of the major players operating in the TCMS market include Alstom SA, Bombardier Inc., Toshiba Corporation, Siemens AG, Hitachi Ltd., CAF, Mitsubishi Electric Corporation, EKE Group and Strukton Rail.
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