The global train control management system market is estimated to generate $4.9 billion revenue by 2023, recording a 8.8% CAGR during the forecast period (2018–2023). The factors driving the growth of the market are an increase in the demand for safety and security of trains and passengers, advancements in railway technology, infrastructural development, and rapidly increasing urban population.
Train control management system (TCMS) is a system that acts as a single platform for the control for all train sub-systems. It collects information related to tracking circuits and route setting through signaling. The exchange of information happens at two levels: between the train and control center, and among various systems within a train. Thus, such control solutions enable railway companies to monitor the rail traffic and achieve optimum operational efficiency.
On the basis of component, the train control management system sector has been classified into mobile communication gateway, human-machine interface, vehicle control units, and others. Out of these, the vehicle control unit category accounted for the highest revenue in 2017 and is further predicted to hold on to its position as the market leader in the near future as well. Vehicle control units help in the proper functioning of each system within a train, coordination among trains, and train running time and frequency maintenance.
However, due to better operational efficiency, onboard video surveillance features, and enhanced safety and security, the mobile communication category is anticipated to witness the fastest growth during the forecast period. Across the globe, Europe dominated the train control management system industry in 2017 with more than 45.0% revenue share. The expected future scenario is similar, wherein Europe will continue dominating the market.
Hence, countries are either upgrading their existing trains or adopting these TCMS solutions for new rapid transit systems. TCMS ensures the safety and security of the passenger, and thus the train control management system market is expected to progress.
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Train control management system (TCMS) is a system that acts as a single platform for the control for all train sub-systems. It collects information related to tracking circuits and route setting through signaling. The exchange of information happens at two levels: between the train and control center, and among various systems within a train. Thus, such control solutions enable railway companies to monitor the rail traffic and achieve optimum operational efficiency.
On the basis of component, the train control management system sector has been classified into mobile communication gateway, human-machine interface, vehicle control units, and others. Out of these, the vehicle control unit category accounted for the highest revenue in 2017 and is further predicted to hold on to its position as the market leader in the near future as well. Vehicle control units help in the proper functioning of each system within a train, coordination among trains, and train running time and frequency maintenance.
Advancements in the rail technology are driving the growth of the train control management system market
However, due to better operational efficiency, onboard video surveillance features, and enhanced safety and security, the mobile communication category is anticipated to witness the fastest growth during the forecast period. Across the globe, Europe dominated the train control management system industry in 2017 with more than 45.0% revenue share. The expected future scenario is similar, wherein Europe will continue dominating the market.
Hence, countries are either upgrading their existing trains or adopting these TCMS solutions for new rapid transit systems. TCMS ensures the safety and security of the passenger, and thus the train control management system market is expected to progress.
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