The global train control and management system market size is expected to grow at a CAGR of 6.5% during the forecast period, 2019–2026. A train control and management system acts as a single point of control for all train sub-systems. It is a train-borne distributed control system that connects human-machine interface, computer devices, software packages, digital and analog input/output capability, and data networks together in a secure and fault resistant manner. A train control and management system offers automation and optimization of several processes. It helps in cutting operational cost by reducing maintenance expense as a regular check of all systems is provided. The rising demand for energy-efficient rail systems and rapid urbanization drive the train control and management system market.
Population growth is creating a need for upgrades in transportation infrastructure. For instance, India has taken pivotal decisions to modernize its rail transport networks. In August 2018, the country started construction of the Mumbai–Ahmedabad high-speed rail corridor by acquiring land for Sabarmati terminus, and the first high-speed train is scheduled to leave for its first run on 15 August 2022. This growing trend of automated metros and high-speed trains is accelerating the demand for the global train control and management system market. Additionally, the low maintenance cost and enhanced interoperability of train control and management systems drive market growth. On the flip side, the risks associated with these systems, such as potential malfunction and system failure and the presence of conventional railway systems may hinder market growth to an extent.
The global train control and management system is segmented by type, component, train control solution, and region. On the basis of train type, the market is segmented into metros and high-speed trains, electric multiple units, and diesel multiple units. On the basis of component, the market is segmented into vehicle control units, mobile communication gateway, human machine interface and others. On the basis of train control solution, the market is segmented into positive train control, communication-based train control, and integrated train control. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and Latin America and Middle East and Africa.
Europe holds the largest share of the train control and management system market. The expanding urban population in the region’s developing countries and government initiatives to ensure passenger safety and security are promoting market growth. For instance, in September 2018, the French government approved five new high-speed TGV trains, announcing an investment of USD 15.5 billion for the high-speed TGV network.
North America is the fastest-growing market for train control and management systems, followed by Asia-Pacific. Investments in the up-gradation of railway technology are increasing the demand for train control and management systems. For instance, in February 2017, the Canadian National Railway Company announced a planned investment of USD 2 billion primarily for strengthening its core infrastructure to stress on safety, services, and productivity by infrastructure maintenance and advanced technology.
Asia-Pacific is exponentially growing in the train control and management system market due to the rapid growth in the railway sector, owing to the expanding population in the region’s developing countries. Latin America, the Middle East, and Africa are expected to gain traction in the train control and management system market with the development of railway infrastructure in GCC countries.
Some of the prominent players are Bombardier Inc. (Canada), Siemens AG (Germany), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Leroy Automation (France), Amaronia Rail Ltd. (Finland), Hitachi Ltd. (Japan), MEN Mikro Elektronik GmbH (Germany),ASELSAN A. (Turkey), DEUTA-WERKE GmbH (Germany), Rockwell Collins (U.S.), Tech Mahindra (India), Eke Group (Finland), Strukton Rail (Netherlands), CRSC (China), Knorr-Bremse AG (Germany), Alstom SA (France), CAF Group (Spain), ABB (Switzerland), Thales Group (France), HUBER+SUHNER (Denmark), Wabtec Corporation (U.S.), Medha Servo Drives Private Limited (India), UniControls a.s. (U.S.), and Quester Tangent (Canada).
The rising global demand for high-speed metros is rendering plentiful opportunities for the train control and management system market.
Our report covers the train control and management system market insights, focusing on recent developments in the market in different regions and development strategies of the companies. Moreover, the following sections are specifically covered in the report.