Train Traffic Control System Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global train traffic control system market is anticipated to grow at a significant CAGR of 4.3% during the forecast period (2022-2028). The global train traffic control system market is growing due to the rising accident cases due to train traffic globally. The rising demand for an efficient transport system in this industry is boosting the demand for the train traffic control system market. The increasing development of safe and secure transportation services is also driving the market growth. Additionally, the rising fund allocation to the railway budget for the development and advancement of the railways is generating growth opportunities for the market. The improvement in railway infrastructure in the emerging countries and supportive government initiatives to make railway the most efficient and safe transportation is expected to propel the growth of the global train traffic control system market.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-

•In February 2022, Dan Woywod, Head of Railway Technology at the German Railway Industry Association announced the implementation of the next-generation train with the use of ATO and ETCS, which will optimize both urban mobility and regional operations and will digitalize its entire rail network by 2035.
•In October 2021, Siemens announced the development of a train that operates by itself in rail traffic with the collaboration of Deutsche Bahn which is controlled by digital technology and is fully automated.
•In September 2021, the Indian Railways introduced an Advanced Traffic Management System to monitor the running status of trains that will help analyze some of the train running parameters (TRP), including fuel consumption, running time, and coupler forces.
•In October 2019, Deutsche Bahn announced their plans for train traffic control to be taken over by 280 digital signal boxes (DSTW) in a bid to continue its digitalization progression in Germany.

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Market Coverage
•The market number available for - 2022-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Train Type
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Siemens AG, Emerson Electric Co., Rockwell Automation, Inc., Honeywell International Inc., ABB, Kawasaki Heavy Industries, Ltd., and Schneider Electric, among others.

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Global Train Traffic Control System Market Report by Segment
By Type
•Intelligent Signalling Solution
•Real-Time Train Planning & Route Scheduling/Optimizing Solution
•Centralized Traffic Control Solution
By Train Type
•Metros & High-Speed Trains
•Electric Multiple Units
•Diesel Multiple Units

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.