"TCMS Market by Component, Train Type, Train Control Solutions and Region – Global Forecast to 2021" is a professional and in-depth study.
MRRS adds "TCMS Market by Component, Train Type, Train Control Solutions and Region – Global Forecast to 2021" latest studies,published in December 2016. It is a professional and in-depth study.
The global train control and management system (TCMS) market is projected to grow at a CAGR of 7.72% from 2016 to 2021, to reach a market size of USD 3.28 billion by 2021. The key factors responsible for the growth of this market include rapid urbanization and stringent emission norms.
The metros & high-speed trains segment is estimated to account for the largest share, in terms of value, of the TCMS market in 2016. The growth of this segment can be primarily attributed to the shift towards rapid, safe, and comfortable transport, increasing public investments in rapid transit infrastructure, and stringent emission norms. Moreover, increasing urbanization has triggered the need for efficient public transport, which has in turn, accelerated the demand for metros and high-speed trains. Asia-Oceania and North America are estimated to be the largest markets for metros and high-speed trains, owing to the high demand for rolling stock and overhauling of existing rolling stock in these regions.
Train operators are opting for communication-based train control (CBTC), as it improves interoperability and reduces maintenance costs. CBTC is being used to replace old technologies in rail infrastructure to improve operational efficiency and passenger safety. Rolling stock manufacturers are also increasing their focus on CBTC due to the advantages it offers. The CBTC market is estimated to witness significant growth in Asia-Oceania and North America.
Figure And Tables
TABLE 1 PORTER’S FIVE FORCES ANALYSIS 47
TABLE 2 TRAIN CONTROL & MANAGEMENT SYSTEM MARKET, BY REGION,
2014–2021 (UNITS) 53
TABLE 3 TRAIN CONTROL & MANAGEMENT SYSTEM MARKET, BY REGION,
2014–2021 (USD MILLION) 53
TABLE 4 GDP GROWTH RATE FOR DEVELOPING COUNTRIES IN ASIA-OCEANIA, 2013–2015 54
TABLE 5 PROPOSED RAPID TRANSIT PROJECTS IN ASIA-OCEANIA 54
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