FACTS AT A GLANCE
Editing: 9; Posted: January 2021
Management commitments: 16459
Companies: 51 – Actors covered include ABB; Alstom SA; Aselsan AS; Bombardier Inc; CAF, Construcciones y Auxiliar de Ferrocarriles, SA; China Railway Signal & Communication Corporation Limited; DEUTA-WERKE GmbH; EKE-Electronics Ltd; Hitachi Ltd; Knorr-Bremse AG; Mitsubishi Electric Corporation; Siemens SA; Strukton Rail AB; Thales Group; Toshiba Corporation and others.
Blanket: All major geographies and key segments
Segments: Solution (communication-based train control, positive train control, integrated train control); Component (vehicle control unit, human-machine interface, mobile communication gateway, other components); Train type (diesel multiple units, subways and high speed trains, electric multiple units)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Middle East; Africa.
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Global Train Control and Management Systems (TCMS) Market To Reach $ 3.4 billion by 2026
Train Control Management System (TCMS) represents an advanced control system that controls and manages the flow of information between trains and sub-systems like air conditioners or doors. The growing popularity of TCMS is due to the growing deployment of communication-based train control (CBTC). The growth of the global market is being driven by the increasing focus on rail operators to increase throughput, ensure passenger safety and improve network responsiveness. The increasing use of the rail network for commuting is likely to prompt governments to modernize infrastructure for faster passenger transport. The market is destined to receive a major boost from government efforts to establish smart cities as well as smart rail infrastructure. Investments in large-scale public transport infrastructure, including high-speed trains and high-speed trains, are expected to make public transport easier and faster. Market growth is further enhanced by ongoing efforts to improve the energy efficiency of rail infrastructure as well as the electrification of existing lines, mainly in developing countries such as China and India.
In the midst of the COVID-19 crisis, the global train control and management systems (TCMS) market is estimated to be 2.4 billion US dollars in 2020, is expected to reach a revised size of 3.4 billion US dollars by 2026, with a CAGR of 6.4% over the analysis period. Communication-based train control, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.9% to reach US $ 1.6 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Positive Train Control segment is readjusted to a revised CAGR of 6.1% for the next 7 year period. This segment currently accounts for a 30.1% share of the global train control and management systems (TCMS) market. The CBTC (Communications-based Train Control) system uses the communication between the track equipment and the train for precise signaling. PTC (Positive Train Control) systems provide positive signals to the train for movement. The train is given the set of instructions on how far the train can travel according to the given instructions.
The US market is estimated at $ 318.8 million in 2021, when China is expected to reach $ 639.1 million by 2026
The train control and management systems (TCMS) market in the United States is estimated at US $ 318.8 million in 2021. The country currently represents a 13.21% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 639.1 million during the year 2026, with a CAGR of 7.9% throughout the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 5.4% and 6% respectively over the period of analysis. In Europe, Germany is expected to grow by around 6% CAGR while the rest of the European market (as defined in the study) will reach US $ 692.2 million at the end of the analysis period. Extension of the existing lines of the rail network, in particular by Europe, China and India including the One Belt One Road project is likely to stimulate growth in these regions. The European Train Control System (ETCS), a component of the European Rail Traffic Management System (ERTMS), focuses on improving signaling and control on EU rail networks. Due to the safety and efficiency it offers in operating the rail network, the ETCS standard has also gained popularity in several non-EU countries. Boom in infrastructure in emerging economies, including China and India should present lucrative growth opportunities in Asia Pacific Region.
Integrated train control segment to achieve $ 884.9 million by 2026
Integrated Train Control System refers to the central traffic control room systems that manage, control and supervise the movement of trains for mainline and public transport over a wide geographic area. It enables passenger and freight railways to improve operational efficiency, safety, cybersecurity and profitability. The system allows traffic controllers to track train movements in real time, which is essential for smooth traffic and for ensuring safety. In the global segment of integrated train control, United States, Canada, Japan, China and Europe will lead to the estimated 7.5% CAGR for this segment. These regional markets representing a combined market size of US $ 424.9 million in 2020 will reach a projected size of US $ 707.1 million before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 108.9 million by 2026. After
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