Global Train Control Management System Market to 2023: Rapid Urbanization & Increasing Demand for Safety and Security Driving Market Growth
DUBLIN, Feb. 7, 2019 /PRNewswire/ --
The "Train Control Management System Market by Component, by Train Type, by Solution, by Network, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
Train control management system market is projected to reach $4.9 billion by 2023, the market is predominantly driven by rapid urbanization, increasing demand for safety and security in railway systems, infrastructural growth, and advancements in the rail technology.
On the basis of component, the train control management system market has been categorized into vehicle control unit, mobile communication gateway, human-machine interface (HMI), and others. In terms of value, the category of vehicle control units held the largest market share in 2017 and is poised to continue dominating the market in the coming years as well. However, the fastest growth in the market during the forecast period is expected from the mobile communication gateway category. This can be attributed to enhanced safety and security, better operational efficiency, and on-board video surveillance facilitated by mobile communication gateway.
Based on network, the train control management system market has been categorized into multifunction vehicle bus (MVB), ethernet consist network (ECN), wired train bus (WTB), and others. Of these, WTB generated the largest revenue in the market in 2017, accounting for over 35% share. However, it is the ECN category that is expected to witness faster market growth, as compared to other categories, during the forecast period. This can be mainly attributed to the benefits offered by the ECN, such as reasonable ownership cost, efficient train traffic management through on-board network data transmission, and improved passenger safety.
Globally, Europe led the train control management system market during the historical period, accounting for over 45% revenue in 2017. The region is expected to continue leading the market in the coming years as well. However, during the forecast period, the market is expected to witness the fastest growth in the Rest of the World (RoW) region, primarily due to the increasing urban population in the developing countries of the region, which, in turn, is generating the demand for rapid public transit systems.
With the world being rapidly transformed by technological advancements, conventional mass transit systems, particularly railways, are also being affected. Conventional railways are phasing out gradually, especially in developed countries, and are being replaced by high-speed trains and metros. The introduction of rapid mass transit systems, such as metros and subways, has led to the demand for control and maintenance systems that can manage the system operation in these railways, in addition to keeping the passengers updated about their journey through data monitoring and utilization.
The new technologies have made the railways more reliable and comfortable, thus enhancing the passenger experience. Besides, these advancements have helped prevent accidents or casualties through operation monitoring and data transmission, thereby making the railways safer. Hence, technological advancements are expected to continue driving the growth of the train control management system market in the coming years.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Vehicle control unit
4.1.1.2 Mobile communication gateway
4.1.1.3 HMI
4.1.1.4 Others
4.1.2 By Train Type
4.1.2.1 Metro & high-speed train
4.1.2.2 EMU
4.1.2.3 DMU
4.1.3 By Solution
4.1.3.1 CBTC
4.1.3.2 PTC
4.1.3.3 ITC
4.1.4 By Network
4.1.4.1 MVB
4.1.4.2 ECN
4.1.4.3 WTB
4.1.4.4 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Deployment of CBTC systems in new trains
4.3.2 Drivers
4.3.2.1 Increasing demand for safety and security
4.3.2.2 Rapid urbanization and infrastructure growth
4.3.2.3 Advancements in the railway technology
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 High infrastructure and maintenance costs
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growing demand for TCMS in developing nations
Chapter 5. Global Market Size and Forecast
5.1 By Component
5.2 By Train Type
5.3 By Solution
5.4 By Network
5.5 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. RoW Market Size and Forecast
Chapter 10. Competitive Landscape
10.1 Market Share Analysis of Key Players
10.2 Competitive Benchmarking of Key Players
10.3 Global Strategic Developments of Key Players
10.3.1 Mergers and Acquisitions
10.3.2 Product Launches
10.3.3 Partnerships
10.3.4 Client Wins
Chapter 11. Company Profiles
- Alstom S.A.
- Bombardier Inc.
- Toshiba Corporation
- Siemens AG
- Construcciones y Auxiliar de
- Ferrocarriles S.A.
- China Railway Signal & Communication Corporation Limited
- EKE Group
- Knorr-Bremse AG
- Strukton Groep N.V.
- Rockwell Collins Inc.
For more information about this report visit https://www.researchandmarkets.com/research/q4fsbl/global_train?w=5
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