Train Control Management System Market Poised to Reach $5.09 Billion by 2027

Train Control Management System Market Growth

OREGAON, PORTLAND, UNITED STATES , March 26, 2024 /EINPresswire.com/ — Allied Market Research published a report, titled, “Train Control Management System 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 Consist Network (ECN), Multifunctional Vehicle Bus (MVB), and Wired Train Bus (WTB)), and Train Type (Metros & 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 system industry was estimated at $3.13 billion in 2019, and is anticipated to hit $5.09 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-sample/2337

Vehicle control unit is one of the important subsystems of the propulsion system in train, as it is responsible for controlling the complete safety and characteristics of the locomotive. In addition, vehicle control unit can be used for physical controls such as opening & closing of doors and diagnostics control such as monitoring of brake temperature, and checking proper closing of doors. Vehicle control units are used for various applications such as crew human–machine interface (HMIs) management, SIL & safety applications, fleet management, lighting management, battery charge monitoring, and other crucial applications, which propel the growth of vehicle control unit segment.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐫𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬-

Growth in demand for secure, safer, and efficient transport system and increased allocation of budget for development of railways drive the growth of the global train control management system market. On the other hand, high capital requirement impedes the growth to some extent. However, improvements in railways infrastructure in developing countries are expected to pave the way for lucrative opportunities in the coming years.

𝐓𝐡𝐞 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 𝐮𝐧𝐢𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐛𝐲 𝟐𝟎𝟐𝟕-

Based on component, the vehicle control unit segment accounted for nearly half of the global train control management system market share in 2019, and is expected to lead the trail by the end of 2027. This is due to its application in the field of crew human machine interface (HMIs) management, SIL & safety applications, fleet management, lighting management, battery charge moni toring, and other crucial application. At the same time, the human machine interface segment is anticipated to register the fastest CAGR of 10.3% throughout the forecast period.

𝐓𝐡𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐭𝐫𝐚𝐢𝐧 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐭𝐡𝐞 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐭 𝐬𝐡𝐚𝐫𝐞-

Based on solution, the positive train control segment contributed to nearly two-thirds of the global train control management system market revenue in 2019, and is projected to dominate 2027. This is due to its ability to map train collisions over speed derailment and other potential dangerous situations. On the other hand, integrated train control segment would exhibit the fastest CAGR of 12.2% from 2020 to 2027. Advantages offered such as enhanced safety & throughput, and its robust & cost-effectiveness drive the growth of the segment.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/train-control-management-system-market/purchase-options

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

Based on region, Europe, followed by Asia-Pacific and North America, held the major share in 2019, generating around one-third of the global train control management system market, attributed to increase in use of public transport and demand for safe, secure, and efficient transportation. Simultaneously, the market across LAMEA would manifest the fastest CAGR of 11.3% by 2027. Focus of companies operating in the railway sector on development of semi-autonomous and fully autonomous railways is propelling the growth of the market in LAMEA.

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲-

Mitsubishi Electric Corporation
Knorr-Bremse
Alstom
Thales Group
EKE Group
Bombardier
Hitachi, Ltd.
Siemens
Toshiba Corporation
ABB

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/2337

Factors such as increase in allocation of budget for development of railways and surge in demand for secure, safer, and efficient transport system are driving the growth of train control management system market. However, high capital requirement is hindering the growth of market. Furthermore, improvement in railway infrastructure in developing countries is anticipated to provide remarkable growth opportunities for the players operating in the train control management system market.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

https://www.alliedmarketresearch.com/railway-automated-inspection-equipment-market-A08784 – Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/railway-system-market-A05987 – Global Opportunity Analysis and Industry Forecast, 2021-2031

https://www.alliedmarketresearch.com/railway-signaling-system-market-A08785 – Global Opportunity Analysis and Industry Forecast, 2021-2031

https://www.alliedmarketresearch.com/railway-centralized-traffic-control-market-A08773 – Global Opportunity Analysis and Industry Forecast, 2023-2032

David Correa
Allied Market Research
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