Global Train Control and Management System (TCMS) Market (Size of $2,031.6 Million in 2015) to Witness 8.2% CAGR During 2016 – 2022

Increasing population and urbanization, growing demand for safe and comfortable rapid transit solutions in developed as well as developing regions, and stringent emission control norms are expected to drive the demand for TCMS over the forecast period. The global demand for rail vehicles is fueled by the increasing population in urban areas, where the current transportation infrastructure is turned out to be insufficient.

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Increase in the development of the infrastructure network is expected to drive the demand for rail vehicles. Rapid transit vehicles are gaining popularity due to their rapid mobility and high seating capacity.

In comparison to developing regions, developed regions such as Europe and North America have well established infrastructure for rapid transit vehicles such as subways, monorails and metros. To reduce traffic congestion on roads, government of developing nations such as China, India, Singapore and Thailand are investing in rapid transport system. The increasing demand for rapid transit vehicles in developing regions is expected to boost the demand for TCMS during the forecast period.

Asia-Pacific was the second largest market for train control and management system in 2015. Increasing urbanization and increasing trend of automated metros and high speed trains are some of the major factors driving the growth of the Asia-Pacific TCMS market.

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Some of the major players operating in the global train control and management system 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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