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Train Control and Management System Market Overview by Component, Train Type, Solution and Geographical Segmentation
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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.
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Globally, communication-based train control solution (CBTC) was the largest segment, based on solution of train control and management system in 2015.
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.
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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CAF
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