TCMS Market Worth 3.58 Billion USD by 2022
PUNE, India, September 18, 2017 /PRNewswire/ --
The report "TCMS Market by Train Control Solution (PTC, CBTC, & Integrated Train Control), Component (Vehicle Control Unit, Mobile Communication Gateway, & HMI), Connectivity (GSM-R, Wi-Fi, TETRA), Train Type (EMU, DMU, Metro & High Speed) & Region - Forecast to 2022", published by MarketsandMarkets™, the market, by value, is projected to grow at a CAGR of 8.02% from 2017 to reach USD 3.58 Billion by 2022. The key factors driving the market growth include the rapid growth in the urbanization & population in Asia Oceania and the significant rise in government spending on new high-speed rail projects, which would propel the North American market in the near future. The increasing rail transit network such as light rail transit and metros & high-speed rails is also expected to boost the demand for TCMS as it is a standard system for rail safety and management.
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Browse 76 Market Data Tables and 45 Figures spread through 171 Pages and in-depth TOC on "TCMS Market - Forecast to 2022"
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"The vehicle control unit to be the largest segment of the TCMS Market."
The study segments the TCMS Market, by component, into vehicle control unit, mobile communication gateway, human machine interface, and others. Among all these components, the vehicle control unit segment is estimated to be the largest market for TCMS during the forecast period owing to the high cost of vehicle control units compared to all other components. The growth can be attributed to the high installation of TCMS in developed regions as well as the increasing penetration in developing regions.
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"The metros & high-speed rails segment to witness the highest growth."
The study segments the TCMS Market, by train type, into metros & high-speed trains, EMU, and DMU. The metros & high-speed train segment is estimated to grow at the highest CAGR during the forecast period. Increasing railway infrastructure investments across the globe are set to drive the demand for metros & high-speed trains. The demand for metros is also rising in developing countries such as China and India.
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"GSM-R to be the largest segment of the TCMS Market by connectivity."
The report classifies the TCMS Market, by connectivity, into GSM-R, TETRA, Wi-Fi, and others. The GSM-R segment is estimated to account for the largest market share in the global TCMS Market by connectivity, during the forecast period. GSM-R is the radio system of choice for track-to-train voice communication in countries such as Europe, the US, India, and China. It is a highly interoperable and enormously effective global standard.
"The ITC segment to witness the highest growth"
The study segments the train control solution market, by type, into PTC, CBTC, and ITC. The ITC segment is estimated to grow at the highest CAGR during the forecast period. ITC train control solutions optimize headway times and punctuality and lead to reliable track-to-train transmission, which is estimated to drive the ITC segment in the train control solution market. These solutions are gaining popularity as they offer the benefits of both, PTC and CBTC systems.
"Europe to be the largest market for TCMS"
Europe is expected to be the largest market for TCMS by 2022. The European TCMS Market is expected to be driven by the high adoption of advanced technologies and railways and government initiatives to boost the advanced safety & passenger security standards. Europe has one of the most technologically advanced railway infrastructures in the world. However, many countries in the region are adopting automated metros and high-speed trains and upgrading their infrastructure accordingly. TCMS has a high penetration rate in the European rail market. All private rail operators in the region are opting for trains equipped with these systems.
The key players in the TCMS Market are profiled in the study. These include Bombardier Inc. (Canada), Siemens AG (Germany), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi Ltd. (Japan), Knorr-Bremse AG (Germany), ALSTOM SA (France), CAF GROUP (Spain), ABB (Switzerland), Thales Group (France), ASELSAN A.ª (Turkey), DEUTA-WERKE GmbH (Germany), Rockwell Collins (USA), MEN Mikro Elektronik GmbH (Germany), Eke Group (Finland), Strukton Rail (Netherland), CRSC (China), HUBER+SUHNER (Denmark), Wabtec Corporation (USA), Quester Tangent (Canada), Medha Servo Drives Private Limited (India), UniControls a.s. (US), Leroy Automation (France), Amaronia Rail Ltd. (Finland), and Tech Mahindra (India).
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