Train Control Management Systems are based on in-house control electronics platforms that allow for programming in open languages in accordance with IEC Standards.
These systems are conceived for use in distributed configurations, minimizing the wiring, and may be connected both by means of TCN protocol in accordance with IEC 61.375-X: MVB, CCN, ECN, WTB, ETB and other bus protocols.
The conception of the vehicle control electronics (VCU) is carried out fulfilling the requirements demanded by railway standards and covers all needs for control, monitoring and communications of any kind of rolling stock, from LRVs, EMUs and locomotives to high-speed locomotives.
North America's revenue accounted for the highest market share (28.66%) in 2016, followed by Europe and China. North America is expected to maintain its leading position for the next five years owing to the increasing global downstream demand for Train Control & Management System (TCMS).
Market Analysis and Insights: Global Train Control & Management System (TCMS) Market
The global Train Control & Management System (TCMS) market was valued at US$ 2255.7 million in 2019 and it is expected to reach US$ 3186.1 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.
Global Train Control & Management System (TCMS) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Train Control & Management System (TCMS) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
CBTC
PTC
Integrated Train Control
Segment by Application
Metros
High-Speed Trains
Normal Trains
By Company
Alstom SA
Bombardier
Siemens AG
Hitachi Ltd.
Mitsubishi Electric
Strukton Rail
Wabtec Corporation
Selectron Systems
Toshiba
Thales Group
CAF
EKE-Electronics
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
These systems are conceived for use in distributed configurations, minimizing the wiring, and may be connected both by means of TCN protocol in accordance with IEC 61.375-X: MVB, CCN, ECN, WTB, ETB and other bus protocols.
The conception of the vehicle control electronics (VCU) is carried out fulfilling the requirements demanded by railway standards and covers all needs for control, monitoring and communications of any kind of rolling stock, from LRVs, EMUs and locomotives to high-speed locomotives.
North America's revenue accounted for the highest market share (28.66%) in 2016, followed by Europe and China. North America is expected to maintain its leading position for the next five years owing to the increasing global downstream demand for Train Control & Management System (TCMS).
Market Analysis and Insights: Global Train Control & Management System (TCMS) Market
The global Train Control & Management System (TCMS) market was valued at US$ 2255.7 million in 2019 and it is expected to reach US$ 3186.1 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.
Global Train Control & Management System (TCMS) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Train Control & Management System (TCMS) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
CBTC
PTC
Integrated Train Control
Segment by Application
Metros
High-Speed Trains
Normal Trains
By Company
Alstom SA
Bombardier
Siemens AG
Hitachi Ltd.
Mitsubishi Electric
Strukton Rail
Wabtec Corporation
Selectron Systems
Toshiba
Thales Group
CAF
EKE-Electronics
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.