The global train control management system market was valued at $3.13 billion in 2019, and is projected to reach $5.09 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027. Europe accounted for the highest share in the train control management system market in 2019, in terms of revenue, however, LAMEA is anticipated to exhibit remarkable growth rate during the forecast period.
Train control management system can be defined as a train-borne distributed control system, which comprises software, computer devices, human–machine interface, digital and analogue input/output (I/O) capability, and data networks that are connected together in a secure and fault-resistant manner. Primarily train control management system provides communication interface to interact with other train systems and telecommunications to other supporting systems of the train. In addition, due to safety reasons, train control management systems are physically separated from the Wi-Fi networks available for passengers. Furthermore, train control management system is the standard communication, control, and train management system for all vehicle platforms and applications ranging from train types such as metros, trams, passenger coaches and others.
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Companies covered in this report study:
• HITACHI, LTD.
• TOSHIBA CORPORATION
• Mitsubishi Electric Corporation
• Thales Group
• EKE Group
The tier-2 and tier-3 suppliers of the railway components, which operate in the railway sector supply chain, experienced a sever disruption in the operation due to COVID-19 pandemic. In addition, the COVID-19 outbreak is resulting in economic uncertainty and reduced consumer demand for nonessential vehicles, thus hindering the sale of new locomotives.
Key Market Segments
• By Component
o Vehicle Control Unit
o Mobile Communication Gateway
o Human–machine Interface
• By Network Type
o Ethernet Consist Network (ECN)
o Multifunctional Vehicle Bus (MVB)
o Wired Train Bus (WTB)
• By Train Type
o Metros & High-speed Trains
o Electric Multiple Units
o Diesel Multiple Units
• By Solution Type
o Communication-based Train Control (CBTC)
o Positive Train Control
o Integrated Train Control
Factors such as increase in allocation of budget for the development of railways and surge in demand for secure, safer, and efficient transport system are driving the growth of the global train control management system market. However, high capital requirement is hindering the growth of market. On the contrary, improvement in railway infrastructure in developing countries is anticipated to provide remarkable growth opportunities for players operating in the market.
The train control management system market is segmented into component, solution, network type, train type, and region. By component, the market is categorized into vehicle control unit, mobile communication gateway, human machine interface, and others. Depending on solution, it is fragmented into communication based train control, positive train control, and integrated train control. On the basis of network type, it is classified into ethernet consist network, multifunctional vehicle bus, and wired train bus. As per train type, it is segregated into metros & high speed trains, electric multiple units, and diesel multiple units.
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The emerging economies such as India and China are focused on the development of their railway infrastructure by allocating a higher budget. For instance, India allocated a budget of $18.8 billion for its railway sector in 2017 and $21.2 billion in 2018, which highlights an increase of 13% in its budget allocation. Similarly, various countries across the globe are continuously increasing their rail budget to deploy latest technologies and improve their infrastructure. For instance, the Canadian National Railway (CN) planned an investment of $2.92 billion in the province of Saskatchewan to enhance the railway infrastructure. Thus, upsurge in budget allocation acts as a key factor that drives the growth of the railway sector, which, in turn, is propelling the train control management system market.
Rail transportation can be considered as the enabler of economic progress, owing to the fact that it is considered as the cheapest and safest mode of transportation, which is used to transport goods/products as well as cargo/freight. In addition, rise in use of public transport services as a solution to minimize traffic congestion notably contributes toward the growth of the global market. However, one of the key restraints of the train control management system market is its capital-intensive nature, as the cost of trains is significantly high. For instance, in April 2018, Indian railways revealed that it is ready to launch country’s first 12,000 horsepower (HP) electric locomotive. The complete project is expected to cost around $200 billion to roll out 800 high horsepower locos over a period of 11 years in which the average cost of each of the locomotive is estimated to be $250 million. This indicates the requirement of high capital to build as well as to maintain the train network, which, in turn, is hindering the growth of train control management system market.
Key Benefits For Stakeholders
• This study presents analytical depiction of the global train control management system market analysis along with current trends and future estimations to depict the imminent investment pockets.
• The overall market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the market with a detailed impact analysis.
• The current market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.
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