The global train control and management system (TCMS) market is projected to grow at a CAGR of 7.72% from 2016 to 2021, to reach a market size of USD 3.28 Billion by 2021
Seattle, WA -- (SBWIRE) -- 11/03/2016 -- The report "TCMS Market by Component (Vehicle Control Unit, Mobile Communication Gateway, & HMI), Train Type (Metros and High-Speed Trains, EMU, DMU), Train Control Solutions (PTC, CBTC & Integrated Train Control) and Region - Global Forecast to 2021", The global train control and management system (TCMS) market is projected to grow at a CAGR of 7.72% from 2016 to 2021, to reach a market size of USD 3.28 Billion by 2021.
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Factors such as rapid urbanization, the growing trend of metros and high-speed trains, and the increasing demand for safe and comfortable transit solutions are fueling the demand for TCMS across the globe.
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Europe: The largest market for train control and management systems
Developed economies in Europe, such as Spain, France, Germany, Denmark, and Italy, have been investing heavily in the modernization and upgradation of rail infrastructure. The social and trade agreements between European Union (EU) countries have promoted large-scale, cross-border trade and passenger traffic in the region. The use of advanced mechanical and communication technology has led to rapid developments in the high-speed rail sector. Planned investments to improve urban transport and traffic infrastructure in Spain, France, and the U.K. are expected to drive the European railway transportation market. Additionally, all private rail operators in the region are opting for trains equipped with TCMS. Europe is also home to some of the key players in TCMS market, including Alstom SA (France), Strukton Rail (Germany), and Siemens AG (Germany).
Communication-based train control: The future of train control
Communication-based train control (CBTC) improves interoperability, reduces maintenance costs, and increases the efficiency of rail transit control; hence, most train operators are opting for CBTC systems. CBTC is also more energy efficient than conventional, manually driven systems. Train operators across the globe are inclined towards the modernization of old rail lines; this represents a promising opportunity for CBTC. Existing signaling and train control systems are being replaced by CBTC, which improves operational safety and passenger capacity. Additionally, CBTC is preferred for new rail lines owing to its benefits. Given the above-mentioned factors, the market for CBTC solutions is expected to witness substantial growth in the near future.
Key players in the global TCMS market include Bombardier Inc. (Canada), Alstom SA (France), Siemens AG (Germany), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi Ltd. (Japan), EKE-Electronics (Finland), Strukton Rail (The Netherlands), and CAF (Spain).
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