Press release
Global Automatic Train Control Market is Estimated to Grow at a CAGR of 10.45% From USD 2.35 billion in 2019 to USD 5.74 billion by 2026 Siemens, Thales Group, Bombardier, Cisco, Hitachi, Ltd., GENERAL ELECTRIC, TOSHIBA CORPORATION, Alstom
Global Automatic Train Control Market
Automatic train control or ATC combines all the system and functions to ensure the safe operation of the train. They use many different technologies and it mainly has three main system- automatic train supervision, automatic train operation and automatic train protection.
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The main aim of the ATC is to control the movement of the train so that they can provide safety and security to the passengers. Global Automatic Train Control Market is expected to rise from its initial estimated value of USD 2.35 billion in 2018 to an estimated value of USD 5.74 billion by 2026, registering a CAGR of 10.45% in the forecast period of 2019-2026. Increasing urbanization in developing countries is the major factor for the growth of this market.
It focuses on industry elements including driving components to give the key components powering the present market development. The report additionally recognizes restrictions and chances to distinguish high development segments engaged with Global Automatic Train Control Market . Also, the investigation gives Porters five powers analysis, PESTEL analysis and industry chain investigation of the Global Automatic Train Control Market to pick up the effect of different factors, for example, bartering intensity of providers, focused competition, risk of new participants, danger of substitutes, and haggling intensity of purchasers on the development of market.
Major Market Competitors:
• Siemens
• Thales Group
• Bombardier
• Cisco
• Hitachi, Ltd.
• GENERAL ELECTRIC
• TOSHIBA CORPORATION
• Alstom
• Tech Mahindra Limited
• WSP
• Kyosan Electric Mfg. Co., Ltd.
• MERMEC Inc.
• Advantech Co., Ltd.
• MIPRO Electronics
• ADLINK Technology Inc.
Segmentation: Global Automatic Train Control Market
By Automation
(Goa 1, Goa 2, Goa 3, Goa 4),
Service
(Consulting, Integration and Deployment, Support and Maintenance),
Train Type
(Urban, Mainline),
Geography
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis
Global automatic train control market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automatic train control market for global, Europe, North America, Asia-Pacific and South America.
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Market Drivers: Global Automatic Train Control Market
• Technological advancement and development is driving the growth of this market
• Increasing smart cities is driving the market growth
Market Restraints: Global Automatic Train Control Market
• High deployment cost of the ATC is restraining the growth of this market
• Rising difficulty in combining ATC solutions with legacy systems is another factor which is restraining the growth of this market
Key Developments in the Market: Global Automatic Train Control Market
• In September 2018, THALES announced the launch of their new train control system SELTRACTM G7 which is designed to provide better journey experience to the passengers. This new system ensures safety and continuity of mass transit operations without any cyber threats. With new technologies and development it also reduces operational and maintenance cost.
• In June 2018, Bombardier Transportation announced that their joint venture CRRC Puzhen Bombardier Transportation Systems Limited had received a contract from Shenzhen Airport Co. Ltd so that they can provide BOMBARDIER INNOVIA automated people mover (APM) 300 systems to Shenzhen Airport. The INNOVIA system will deliver latest driverless solution.
Focusing points in the report
o Key trends in the market place
o Major players and brands
o Drivers and restrains of the market
o Strategies of key players and product offerings
o In-depth market segmentation
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
Table of Content
1 Automatic Train Control Market Overview
2 Automatic Train Control Market Competition by Manufacturers
3 Automatic Train Control Market Share by Regions
4 Automatic Train Control Consumption by Regions
5 Automatic Train Control Production, Revenue, Price Trend by Type
6 Global Automatic Train Control Market Analysis by Applications
7 Company Profiles and Key Figures in Automatic Train Control Business
8 Global Automatic Train Control Market Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Automatic Train Control Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source
Access Detailed TOC at: https://databridgemarketresearch.com/toc/?dbmr=global-automatic-train-control-market
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Data Bridge Market Research
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Email: sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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