Press release
Global Automatic Train Supervision Market to Grow at a CAGR of 11.4% by 2027
Automatic Train Supervision Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 11.4%
The automatic train supervision market is being aided by urbanisation, digitization, and the widespread growth of rail network services. The market growth is being greatly accelerated by government's attempt to embrace computer-based solutions for effective train operations management.
With the introduction of i-ATS, the first Made-in-India signalling system, the Delhi Metro Rail Corporation developed a communication-based train control. By detecting problems early through remote monitoring, the automatic train supervision system plays a crucial role in guaranteeing safety during natural disasters or other uncommon events, which are driving the market's expansion.
Additionally, the system uses automated remote routing and supervision to aid in the smooth supply of railway services and high-speed train operation management tasks, which supports market expansion. The automation of train operations and investments made by top industry players are two technological developments in the rail sector that are projected to fuel market expansion throughout the forecast period.
Automatic Train Supervision Industry Definition and Major Segments
In order to reduce the impact of train delays on the operating schedule automatic train supervision is put in use. It refers to a railway control and management system that is in charge of centrally monitoring and controlling train movements. It also meets the railways' security requirements. The system consists of hardware and software in equipment rooms, along the railway, at regional control centres, and inside trains.
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Based on train type, the market for automatic train supervision, is segmented into:
Mainline
Passenger
Freight
Urban
High Speed
Metro
On the basis of service type, the market is divided into:
• Consulting
• System Integration
• Support and Maintenance
Based on function type, the market is segmented into:
• Automatic Route Setting
• Link to Passenger information Display System for Online Information
• Computation of Train Schedules and Timetable
• Automatic Train Regulation
Based on region, the market can be divided into:
• The Middle East and Africa
• North America
• Europe
• The Asia Pacific
• Latin America
Automatic Train Supervision Market Trends
The market for automatic train monitoring is expanding because of the increasing demand for the efficient and effective running of mainline trains, including both passenger and freight trains. In order to handle issues and emergencies, the automatic railway monitoring system provides train management features like automated routing, a way for dispatchers to intervene, and scheduling of trains in passenger train services. Additionally, the expansion of automatic railway monitoring market is being fueled by the quick digitalization of passenger services brought on by internet adoption.
Furthermore, the market for automatic train supervision is being supported by the cutting-edge technology that industry participants are offering to optimise railway operations and service reliability. Additionally, it is anticipated that the market for automatic train monitoring would benefit in the upcoming years from the development of automated trains for improved performance and safety.
The market development for automatic train supervision is accelerating due to the substantial rail network system and the region's demographic increase in the Asia Pacific area. In addition, the market is steadily expanding as a result of rising technological usage and government measures encouraging metro automation, particularly in Malaysia and China.
Key Market Players
The major players in the market are:
Hitachi
Unittec
Toshiba
Traffic Control Technology
Bombardier
CRSC
Alstom
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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