Global Market For Train Control and Management Systems to Rise at a CAGR of 8.20% from 2016 to 2024

MRRSE includes new market research report “Train Control and Management Systems Market - Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024" to its huge collection of research reports. The global train control and management systems market is highly influenced by the growing demand for rapid rail transit systems across the world. The ever-rising population, worldwide, has increased the need for the up-gradation of the existing transportation infrastructure. Conforming to the need, the investments in the intercity high-speed rail lines have escalated phenomenally, resulting in the expansion of the light rail systems and subways in a number of regions, globally. The global market for train control and management systems was worth US$2.5 bn in 2015. Analysts estimate this market to rise at a CAGR of 8.20% from 2016 to 2024 and reach US$5.01 bn by the end of 2024.

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Global Train Control and Management Systems Market: Overview

The train control and management system controls the operation of brakes, doors, air-conditioning and other subsystems in the train, and is often termed as the train’s nervous system. It is a train-borne distributed control system and comprises computer software and devices, analogue and digital input/ output capability, human-machine interfaces and data networks to attach all these together in a fault resistant and secure manner. TCMS provides data communications interfaces to other train-borne systems, and also telecommunications to supporting systems operating remotely on the wayside.

Rapid transit vehicles are gaining popularity owing to high passenger capacity and rapid mobility of these vehicles. Developed countries of North America and Europe have improved infrastructures for rapid transit trains such as monorails, metros and subways. Governments of developing economies such as China, India, Thailand, Singapore, and Malaysia among others are investing in these types of transport systems to reduce traffic congestion on roads. Moreover, rail systems offer a wide range of benefits over other modes of conveyance, such as energy efficiency and reduction in road traffic congestion. Hence, the increasing demand for rapid transit systems is likely to fuel the demand for train control and management systems market during the forecast period.

Train control systems allows efficient management of railway traffic, optimal utilization of railway infrastructure and provide improved reliability. However, there are various risks associated with these systems. For example, failures of positive train control systems can result in train collisions and train derailments. Such factors are likely to hinder the growth of the market during the forecast period. Leading manufacturers are continuously focused on technological innovation and integration in material composition and design of train control and management systems, which in turn is expected to create significant growth opportunity for the market.

Global Train Control and Management Systems Market: Scope of the Study

This report on train control and management systems market highlights the current market summary scenario along with the future expected market growth during the forecast period from 2016 to 2024. Moreover, various economic, political, technological and social factors that are likely to affect the present and future demand of TCMS have also been provided in this report. In addition, information of major players operating in the market along with their market share and major strategies adopted in order to maintain leading position is also given in this report.

The report also contains the current market size in terms of revenue (USD Million) and predictive forecast from 2016 to 2024. On the basis of geography, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

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Global Train Control and Management Systems Market: Segmentation

Based on trains type, the global train control and management systems market is majorly driven by metros and high speed trains with highest market share in 2015. There has been increasing government investments in rapid transit projects and modernization of rail infrastructure worldwide. Moreover, TCMS is an essential part of rapid transport vehicles and thus the growing demand for high speed trains and metros is likely to enhance the demand for TCMS market.

By components type, the computer control units segment held the largest share of the market in 2015 and is expected to maintain its dominance in the coming years. These units avoid the need for time consuming physical access and costly routine maintenance.

On the basis of train control solutions type, communication based train control segment dominated the market in 2015. With the help of these systems, the exact position of the train is known more accurately than conventional signaling systems.

Global Train Control and Management Systems Market: Competitive Analysis

Some of the major players operating in the train control and management systems market include Alstom SA (France), Siemens AG (Germany), Bombardier Inc. (Canada), Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Strukton Rail (Netherlands), Thales Group (France), EKE Group (Finland) and General Electric (U.S.).

The global Train Control and Management Systems market has been segmented as follows:

By Trains Type

Metros and High Speed Trains
Electric Multiple Units
Diesel Multiple Units
By Components Type

Computer Control Units
Modular Input/output Devices
Mobile Communication Gateway
Human Machine Interfaces
By Train Control Solutions Type

Positive Train Control
Integrated Train Control
Communication Based Train Control
By Geography Type

North America
S.
Canada
Mexico
Europe
K.
Germany
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Middle East and Africa (MEA)
E
South Africa
Rest of Middle East and Africa
Latin America
Brazil
Argentina
Rest of Latin America
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