Train Control System Market To Reach $ 5.09 Billion Globally By 2027 At 8.7% CAGR: Allied Market Research

PORTLAND, Ore., July 6, 2021 / PRNewswire / – Allied Market Research published a report titled “Train Control Management Systems Market by component (vehicle control unit, mobile communication gateway, human-machine interface and others), solution (communication-based train control, positive train control and integrated train control), network type (Ethernet network ( ECN), Multifunctional Vehicle Bus (MVB) and Wired Rail Bus (WTB)) and Train Type (Subways and High Speed ​​Trains, Electric Multiple Units and Diesel Multiple Units): Global Opportunity Analysis and Industry Forecast, 2020-2027. “According to the report, the global train control management systems industry has been estimated at $ 3.13 billion in 2019, and is expected to reach $ 5.09 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027.

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Drivers, constraints and opportunities

Growing demand for safe, more secure and efficient transportation system and increasing budget allocation for railway development is driving growth of global train control management systems market. On the other hand, a high capital requirement hinders growth to some extent. However, improving rail infrastructure in developing countries should pave the way for lucrative opportunities in the years to come.

COVID-19 Scenario in Train Control Management System Market-

  • The lockdown announced during the initial phase of covid-19 impacted the production and overall sales of the train control management system.
  • Additionally, public transport and mobility have been shut down completely due to regulations issued by government agencies to curb the spread of the coronavirus. This has had a major impact on the industry, on a global scale.
  • Nonetheless, government agencies have now partially lifted the restriction, thus allowing certain categories of passengers with limitations. In addition, various regions are recovering now which would help the industry in a positive way.

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Vehicle control units segment to dominate by 2027-

On the basis of components, the vehicle control units segment accounted for almost half of the global train control management systems market share in 2019 and is expected to lead the way by the end of 2027. That is due to its application in the field of human crew. machine interface management (HMI), SIL and safety applications, fleet management, lighting management, battery charge monitoring and other critical applications. At the same time, the human-machine interface segment should register fastest 10.3% CAGR throughout the forecast period.

The positive train control segment to maintain the dominant share-

Based on the solution, the positive train control segment contributed almost two-thirds of the train control management systems market revenues in 2019 and is expected to dominate in 2027. This is due to its ability to map train collisions versus speed derailments and other potentially dangerous situations. On the other hand, integrated train control segment would show the fastest 12.2% CAGR from 2020 to 2027. The advantages offered, such as improved security and throughput, as well as its robustness and cost-effectiveness, are driving the growth of the segment.

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Europe, followed by Asia Pacific and North America, to rule the roost-

Depending on the region, Europe, followed by Asia Pacific and North America, held the largest share in 2019, generating around a third of the global train control management systems market attributed to the increase in the use of public transport and the demand for safe, secure and efficient transport. Simultaneously, the market through LAMEA would manifest the fastest 11.3% CAGR by 2027. The focus by companies operating in the rail sector on the development of semi-autonomous and fully autonomous railways is propelling the growth of the LAMEA market.

Key players in the industry

  • Mitsubishi electric corporation
  • Knorr-Bremse
  • Alstom
  • Thales Group
  • EKE Group
  • Bomber
  • Hitachi, Ltd.
  • Siemens
  • Toshiba Corporation
  • ABB

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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. CEO of Allied Market Research Pawan kumar is essential in inspiring and encouraging everyone associated with the business to maintain high quality data and to help customers in every way possible to be successful. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.

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