Portland, OR, Feb. 10, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global train control management system market was pegged at $3.13 billion in 2019, and is projected to reach $5.09 billion by 2027, growing at a CAGR of 8.7% from 2020 to 2027.
Rise in demand for safer, more secure, and efficient transport systems and surge in allocation of budget for development of railways have boosted the growth of the global train control management system market. However, requirement of high capital hampers the market growth. On the contrary, innovations in railway infrastructure in emerging economies would open new opportunities for the market players in the future.
Download Report (334 Pages Research) Sample at https://www.alliedmarketresearch.com/request-sample/2337
Covid-19 scenario:
- The outbreak of Covid-19 and followed lockdown severely affected the overall production and sales of the train control management system.
- Moreover, public transports and mobility were shut down due to regulations imposed by the government to curb the spread of infection.
- However, governments of several countries have lifted the lockdown restrictions, allowing public transportations with some limitations. This is expected to help the market get back on track.
Get detailed COVID-19 impact analysis on the Train Control Management System Market Request Here
The global train control management system market is segmented on the basis component, solution, network type, train type, and region. Based on component, the human machine interface segment is projected to register the fastest CAGR of 10.3% throughout the forecast period. On the other hand, the vehicle control unit segment held the largest share in 2019, contributing to nearly half of the total revenue of the market.
Based on solution, the integrated train control segment is estimated to portray the highest CAGR of 12.2% from 2020 to 2027. However, the positive train control segment dominated the market in 2019, accounted for nearly two-thirds of the market.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/2337
The global train control management system market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across LAMEA is expected to register the highest CAGR of 11.3% during the forecast period. However, the market across Europe held the lion’s share in 2019, accounting for around one-third of the market.
The global train control management system market report includes an in-depth analysis of the major market players including Mitsubishi Electric Corporation, Knorr-Bremse, Alstom, Thales Group, EKE Group, Bombardier, Hitachi, Ltd., Siemens, Toshiba Corporation, and ABB.
Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/2337
Similar Research Studies We Have on Train Related Industry:
Autonomous Train Technology Market by Grade of Automation (GOA 1, GOA 2, GOA 3, and GOA 4), Train Type (Passenger Train and Freight Train), Technology (CBTC, ETRMS, ATC, and PTC), and Component (Camera, Accelerometer, Odometer, Tachometer, Radio Set, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.
Hydrogen Fuel Cell Train Market by Application (Passenger Train and Freight Train) and Technology (Proton Membrane Exchange, Phosphoric Acid Fuel Cell and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027.
Positive Train Control Market by Train Component (Vehicle Control Unit, Mobile Communication Gateway, Human Machine Interface and Others), Connectivity (GSM-R, Wi-Fi, TETRA and Others), Train Control (Metros & High-speed Trains, Electric Multiple Units and Diesel Multiple Units) and Solution Market (Positive Train Control, Communication-based Train Control and Integrated Train Control): Global Opportunity Analysis and Industry Forecast, 2020–2027.
Maglev Train Market by Technology (Electromagnetic Suspension, Electrodynamic Suspension, and Inductrack System) and Application (Passenger and Freight): Global Opportunity Analysis and Industry Forecast, 2021–2027.
Train Transformer Market by Rolling Stock (Electric Locomotives, High-speed Trains and Metros), Mounting Position (Underframe, Machine Room and Roof) and Overhead Line Voltage (Alternating Current (AC) and Direct Current (DC)): Global Opportunity Analysis and Industry Forecast, 2020–2027.
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |