Dublin, April 20, 2023 (GLOBE NEWSWIRE) -- The "Train Control and Management Systems (TCMS): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Train Control and Management Systems (TCMS) estimated at US$2.6 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030.
Communication-Based Train Control, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Positive Train Control segment is readjusted to a revised 7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $335.2 Million, While China is Forecast to Grow at 8.6% CAGR
The Train Control and Management Systems (TCMS) market in the U.S. is estimated at US$335.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$882.9 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.
Select Competitors (Total 51 Featured) -
- ABB
- Alstom S.A
- Aselsan A.S
- Bombardier Inc
- CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
- China Railway Signal & Communication Corporation Limited
- DEUTA-WERKE GmbH
- EKE-Electronics Ltd
- Hitachi Ltd
- Knorr-Bremse AG
- Mitsubishi Electric Corporation
- Siemens AG
- Strukton Rail AB
- Thales Group
- Toshiba Corporation
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 459 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.6 Billion |
| Forecasted Market Value (USD) by 2030 | $4.5 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Rail Projects, Passenger and Freight Transportation Comes Under Pressure Due to COVID-19 Pandemic
- COVID-19 Impact on Railways: YoY Change (%) for Global Rail Freight and Passenger Rail in for 2020 and 2021
- Rail Industry Gets Supercharged to Take Center-Stage in International Travel in Post-COVID-19 Scenario
- Train Control and Management Systems (TCMS) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Train Control Management System (TCMS): An Introduction
- Types of TCMS
- Components of TCMS
- Market Outlook
- Market Restraints & Challenges
- Lower Emissions Emerge as Incentive for Rail Travel, Driving TCMS Opportunities
- GHG Intensity of Passenger Transport Modes: 2019
- COMPETITION
- Market Share of Leading Players in Global Signaling Market: 2019
- Strong Focus on Asia
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Popularity of Autonomous Decentralized Train Control and Management System
- Technology Advancements & Improvements Gear Adoption
- Startups Gain Space in TCMS Market
- Rise in Infrastructure Development Projects Presents Opportunities
- Select Brownfield and Greenfield CBTC Projects: 2018-2023
- Rise in Rail Passenger and Freight Traffic Trigger Opportunities
- Global Rail Passenger Traffic (in Billion Passenger Kilometers) by Region for 2018 and 2019
- High-Speed Rail Network Witnesses Quantum Leap Forward over Decades
- Rise in Penetration of Cloud-Based Systems
- Importance of TCMS in Preventing Train Accidents
- Regional Government Initiatives Bolster Growth
- ERTMS Favors Adoption of TCMS
- China: High-Speed Network Expansion to Extend Opportunities
- Indian Government's Private Train Initiative to Bolster Prospects
- Russian Railways' Ongoing Shift towards Digital Technologies Augurs Well
- Metro Rail Projects Trigger Opportunities
- A Snapshot of Select Upcoming Metro Rail Projects
- Worldwide Investments into Light Rail and Metro Rail Projects (in US$ Billion) by Region for the Period 2019-2025
- Rapid Urbanization and Expanding Railway Infrastructure Steers the Deployment of TCMS
- World Urban Population in Thousands: 1950-2050
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Smart Urban Spaces and Emphasis on Smart Railway Infrastructure: Potential for Growth
- Rising Implementation of Smart TCMS
- Growing Electrification of Rail Lines in Developing Economies Presents Growth Opportunity
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/c29cie
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