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The Global Train Control Management Systems Market Size accounted for USD 3,527 Million in 2021 and is estimated to achieve a market size of USD 7,362 Million by 2030 growing at a CAGR of 8.7% from 2022 to 2030. The continued growth of incorporating innovative solutions for railway safety and security is driving the train control management systems market growth. Furthermore, the increasing use of emerging technologies in metro, railways, high-speed trains, as well as electric trains is propelling the global train control management systems market value in the coming years.
Train Control Management Systems Market Report Key Highlights
The Train Control & Management System (TCMS) is a train-borne distributed control system. It consists of computer devices and software, human-machine interfaces, digital and analog input/output (I/O) capability, and data networks to connect all of these together in a secure and responsible to fix manner. TCMS typically provides data communications interfaces to other train-borne systems, as well as telecommunications to supporting systems that operate remotely on the wayside. For security reasons, TCMS will typically be physically separated from Wi-Fi networks accessible to passengers. Because of its central role in coordinating control and monitoring across the train, TCMS is often referred to as the "brain of the train”.
Global Train Control Management Systems Market Trends
Market Drivers
Market Restraints
Market Opportunities
Train Control Management Systems Market Report Coverage
Market | Train Control Management Systems Market |
Train Control Management Systems Market Size 2021 | USD 3,527 Million |
Train Control Management Systems Market Forecast 2030 | USD 7,362 Million |
Train Control Management Systems Market CAGR During 2022 - 2030 | 8.7% |
Train Control Management Systems Market Analysis Period | 2018 - 2030 |
Train Control Management Systems Market Base Year | 2021 |
Train Control Management Systems Market Forecast Data | 2022 - 2030 |
Segments Covered | By Train Type, By Revenue, By Connectivity, By Train Control Solutions, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Bombardier Inc., Siemens AG, Toshiba Corporation, Mitsubishi Electric Corporation, Hitachi Ltd., Knorr-Bremse AG, and ALSTOM SA. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Rising Allocation Of Budgets For The Development Of Railways Bolster The Growth Of Global Train Control Management Systems Market
Emerging economies such as India and China are allocating more funds to the development of their railway infrastructure. For example, India allocated US$18.8 Bn to its railway sector in 2017 and US$21.2 Bn in 2018, representing a 13% increase in budget allocation. Similarly, various countries around the world are constantly increasing their rail budgets in order to deploy cutting-edge technologies and improve infrastructure. For example, the Canadian National Railway (CN) planned to invest US$2.92 Bn in Saskatchewan to improve railway infrastructure. As a result, the increase in budget allocation is a key factor driving the growth of the railway sector, which is propelling the train control management system market.
What Is New In Train Control And Management Systems Market?
The conventional train traffic control system has been focused on safety and punctuality in normal operations, according to an IEEE report. However, more adaptable and flexible management has recently been required not only for train regulation but also for maintenance and in train delay situations. Autonomous decentralized train control and management system are proposed to achieve both real-time train control properties such as train traffic and non-real-time train management properties such as scheduling. This subsystem was created to allow these two heterogeneous subsystems to coexist by isolating or coordinating them.
Train Control Management Systems Market Drivers
The trend of automated metros and high-speed trains, rapid urbanization, rising population, and increased fuel emission norms and regulations are the major factors driving the growth of the train control and management system market. Furthermore, rising investments in advanced technology, system gradation, and increased demand for safe and comfortable transportation are expected to drive growth in the train control and management system market.
Furthermore, the TCMS market is being driven by factors such as rising urbanization and population in developing countries such as India and China, as well as the increasing availability of high-speed communication systems. Furthermore, by automating train and subsystem operations and passenger safety, TCMS improves train efficiency and reliability while shortening response time. The global TCMS market is expected to be driven by these factors.
Train Control Management Systems Market Segmentation
The worldwide train control management systems market segmentation is based on the train type, component, connectivity, train control solutions, and geography.
Train Control Management Systems Market By Train Type
According to the train control management systems market forecast, metros and high-speed trains will grow the fastest over the projected period. This is due to increased government initiatives in countries such as the United Kingdom, France, India, China, and South Korea to improve high-speed rail networks and fill transportation gaps, which are expected to drive the metros & high-speed trains segment in the TCMS market.
Train Control Management Systems Market By Component
In terms of the component, the vehicle control unit segment is expected to be the largest component segment in the train control management system (TCMS) market. The vehicle control unit is the most expensive part of the TCMS system. As a result, the vehicle control unit is expected to be the largest component segment in the TCMS market. This segment's expansion can be attributed to the high rate of TCMS installation in developed regions and the increasing penetration in developing regions.
Train Control Management Systems Market By Connectivity
Based on connectivity, the GSM-R segment is predicted to increase significantly in the industry over the next few years. This expansion is the result of the GSM-R enabling reliable and secure driver-signaller interaction by pulling combined the most beneficial range of technologies, systems, and consumers.
Train Control Management Systems Market By Train Control Solutions
According to the train control management systems industry analysis, the communication-based train control (CBTC) segment is predicted to be the largest segment in the market, accounting for the largest share. This is due to increased demand in European countries such as the United Kingdom, France, Germany, and Spain. CBTC eliminates the need for physical vehicle detection systems such as track circuits, which reduces costs on maintenance. CBTC also increases vehicle turnaround time.
Train Control Management Systems Market Regional Outlook
North America
Europe
Latin America
Asia-Pacific
The Middle East & Africa (MEA)
Europe holds the dominant market share for the train control management systems market followed by Asia-Pacific
Europe has historically dominated the train control management systems market and is expected to do so again during the forecast period. Rapid urbanization in the region's developing countries, as well as increased demand for train control management systems in countries such as Germany, Spain, Italy, and the rest of Europe.
Asia-Pacific, on the other hand, has the fastest-growing CAGR in the train management systems market. China commands a commanding position in the Asia Pacific railway management system market. In 2017, China launched the first trackless train running on virtual railways, which was a notable example of such progress. As the Asia-Pacific railway management system industry is currently demonstrating tremendous growth potential, several key players such as Siemens, Hitachi, Cisco, Huawei, and others are making significant investments in digitalizing existing railway infrastructure. Various developing countries, including India and Malaysia, are working with developed countries, such as China and Japan, to import advanced railway systems. Such collaborative efforts are boosting the growth of the railway management system market in Asia-Pacific.
Train Control Management Systems Market Players
Some of the top train control management systems companies offered in the professional report includes Bombardier Inc., Siemens AG, Toshiba Corporation, Mitsubishi Electric Corporation, Hitachi Ltd., Knorr-Bremse AG, and ALSTOM SA.
The estimated value of global train control management systems market in 2021 was accounted to be USD 3,527 Million.
The projected CAGR train control management systems market during the analysis period of 2022 to 2030 is 8.7%.
The prominent players of the global train control management systems market are Bombardier Inc., Siemens AG, Toshiba Corporation, Mitsubishi Electric Corporation, Hitachi Ltd., Knorr-Bremse AG, and ALSTOM SA.
Europe held the dominating train control management systems during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for train control management systems during the analysis period of 2022 to 2030.
Rapid urbanization and population growth will support rail industry development, as well as increasing government budget for rail transportation, drives the growth of global train control management systems market.
Based on train control solutions, positive train control segment is expected to hold the maximum share train control management systems market.
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