The global demand for rail vehicles is fueled by the increasing population in urban areas, where the current transportation infrastructure is turned out to be insufficient. Increase in the development of the infrastructure network is expected to drive the demand for rail vehicles. Rapid transit vehicles are gaining popularity due to their rapid mobility and high seating capacity.
In comparison to developing regions, developed regions such as Europe and North America have well established infrastructure for rapid transit vehicles such as subways, monorails and metros. To reduce traffic congestion on roads, government of developing nations such as China, India, Singapore and Thailand are investing in rapid transport system.
The increasing demand for rapid transit vehicles in developing regions is expected to boost the demand for TCMS during the forecast period.
Explore Report Description at: www.psmarketresearch.com/market-analysis/train-control-and-management-system-market
Among the various components of TCMS, the vehicle control unit held the largest share in the global TCMS market in 2015. The market of train control and management system was the largest in metros & high-speed train segment in 2015, compared to other train types.
Globally, communication-based train control solution (CBTC) was the largest segment, based on solution of train control and management system in 2015.
In 2015, Europe accounted for the largest share in the global train control and management system market; whereas the market in North America is expected to grow at the fastest rate, during the forecast period. The major reason for the growth of the market in the North America includes increasing investments in technology upgradation and rapid transit solution.
Moreover, government has started several high-speed train projects in U.S., which are expected to be commissioned by 2020. This in turn, is expected to fuel the market of TCMS in North America during the forecast period.
Asia-Pacific was the second largest market for train control and management system in 2015. Increasing urbanization and increasing trend of automated metros and high-speed trains are some of the major factors driving the growth of the Asia-Pacific TCMS market.
The information and data in the publication “Global Train Control and Management System Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. Bottom-up and top down approach has been used to calculate the market size.
P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
Some of the major players operating in the global train control and management system market include Alstom SA, Bombardier Inc., Toshiba Corporation, Siemens AG, Hitachi Ltd., CAF, Mitsubishi Electric Corporation, EKE Group and Strukton Rail.
- Vehicle Control Unit
- Mobile Communication Gateway
- Human Machine Interface
By Train Type
- Metros & High-Speed Train
- Electric Multiple Unit
- Diesel Multiple Unit
- Communication-Based Train Control (CBTC)
- Positive Train Control
- Integrated Train Control
o The U.K.
o Rest Of Europe
o South Korea
o Rest of Asia-Pacific
- North America
- Rest of the World (RoW)
o Rest of RoW
Category: Market Research Publishers and RetailersCompany profile: PS Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries. With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our pub ...
For more information:Make an Inquiry about this report HERE!