Demand For Train Control And Management Systems Set To Increase At A CAGR Of 2.1% From 2022 To 2031

Global Train Control and Management Systems Industry Outlook in 2022 and Beyond


The Train Control and Management Systems industry is looking forward to 2021 with a sense of optimism. In 2020, Train Control and Management Systems sales recovered in the last quarter to salvage lost momentum during March-April 2020. And, as vaccine rollout gains momentum, most automakers are hoping for better performance in 2021.

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Key Segments of Train Control and Management Systems Industry Research

TCMS Market by Train Type :

Metros & High Speed Trains
Electric Multiple Units
Diesel Multiple Units

TCMS Market by Component :

Computer Control Units
Modular Input/output Devices
Mobile Communication Gateways
Human Machine Interfaces
Others

TCMS Market by Connectivity :

GSM-R
Wi-Fi
TETRA
Others

TCMS Market by Solution Type :

PTC (Positive Train Control) Systems
Communication-based Train Control (CBTC)
Integrated Train Control
TCMS Market by Region :

North America Train Control and Management Systems Market
Latin America Train Control and Management Systems Market
Europe Train Control and Management Systems Market
East Asia Train Control and Management Systems Market
South Asia & Oceania Train Control and Management Systems Market
MEA Train Control and Management Systems Market

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US Train Control and Management Systems Industry Set to Recover in 2022


In 2020, US Train Control and Management Systems sales were to the tune of 17.1 million. The outbreak of COVID-19 in early 2020, and subsequent shutdown created apprehensions that 2020 may be the worst year for US auto industry since Great Depression.


However, Train Control and Management Systems sales climbed back slowly in US, partly helped by a quick shift to online sales. Many US automakers are now investing highly in online sales channel, with 2021 expected to witness high online sales.

As per early success of vaccine inoculation and consumer receptivity toward online sales, it is highly likely that 2021 will be a better year for sales. Total Train Control and Management Systems sales in US are likely to be in the range of 15.5 million to 16 million.


Competitive Landscape :

TCMS suppliers are adopting new strategies to expand their business scope and focus on providing better products and services across the global landscape.

In May 2021, Railinc, a raid data and messaging provider for North American freight railway, announced the rebranding of its new business unit as TransmetriQ.
Europe Train Control and Management Systems Market Players Can Benefit from Foreign Exports


The Europe automobile market is also likely to witness a recovery in 2021. The European Automobile Manufacturers' Association is hoping for a 10% increase in sales.


As is the case in US, European auto industry is hoping that vaccine inoculation brings the pandemic under control. Many countries in Europe have witnessed severe waves of COVID-19 pandemic, and are now in recovery phase.


While the domestic Train Control and Management Systems demand is likely to recover at a steady pace in Europe, exports to China, Latin America, and Asia Pacific are likely to induce momentum for European auto companies.


China will Further its Lead as World's Largest Train Control and Management Systems Market

The Train Control and Management Systems industry in China represents the brightest optimism for any country globally. The pandemic recovery in China is at an advanced stage as compared to western countries. Further, the government in China is focusing on a massive infrastructure push, which is likely to help automakers exporting their wares to China.



China is the only major economy to have grown in 2020, and country's China Association of Automobile Manufacturers is forecasting 26 million sales in 2021. Volkswagen Group and General Motors are likely to maintain their position as the country's largest foreign automakers.


China is the world's largest automobile market, and going by the economic scenario and COVID-19 recovery, the country is likely to remain at numero uno position in the future as well.


Indian Train Control and Management Systems Outlook Subdued by COVID-19 Resurgence


The Indian automobile industry is beset with challenges arising due to a nation-wide second wave of COVID-19 epidemic. Things were looking up for the Indian automobile industry, however, lockdown measure to contain a more virulent COVID-19 can dent overall sales in 2021.


The localized restrictions imposed by governments can have an impact on dealership activity, logistics, and in-showroom consumer visits. Also, it is anticipated that India may have to brace up for further waves of COVID-19, which can dent consumer sentiment.

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Key Long-term Trends


Overall, the Train Control and Management Systems industry is looking for a recovery year in 2021. While China is anticipated to take the lead, healthy recovery in US and Europe markets will create necessary impetus. Amidst the recovery phase, there will be some mega trends and some subtle trends that will have a bearing on Train Control and Management Systems market in the long run. These include,


Train Control and Management Systems digital retail
Train Control and Management Systems digital retail will make further inroads in 2021. As localized restrictions and consumer discretion increase due to COVID-19, more consumers are opening up to the idea of online automobile purchase. This trend is likely to become stronger in 2021, especially in US and Western Europe


Further gains in connected and autonomous cars
Connected and autonomous cars may have lost some of their momentum in 2020, but their long-term forecast remains bullish. Automakers are increasingly aware of the white space Silicon Valley giants are eyeing. In the long run, an increase in proprietary software of partnership with tech companies will be in the offing.


Electric vehicle sales will continue unabated
The sales of electric vehicles have grown from strength to strength, dispelling the skepticism and early apprehensions. The focus now is on developing a scalable production model and enough charging stations so consumers are confident of investing in the technology of tomorrow.

For More Insights- https://www.prnewswire.com/news-releases/aircraft-cleaning-chemicals-manufacturers-in-holding-pattern-as-uncertainty-prevails-factmr-study-301213237.html

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