Global Train Control Systems Market is expected to reach 4.84 Billion by 2026 from 2.24 Billion in 2016 at CAGR of 8% (Detailed analysis of the market CAGR is provided in the report).
train control system market
Global Train Control Systems market is segmented by train type, connectivity, component, control solution, and geography. Train type segment is classified as metros & high-speed trains, electric multiple units, and diesel multiple units. Connectivity market is divided as GSM-R, Wi-Fi, tetra, and others. A component segment includes a vehicle control unit, mobile communication gateway, human-machine interface and others. Various control solutions covered under this reports are positive train control, communication-based train control, and integrated train control. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Development of light rail transit is trending the overall Train Control Systems market. However, high infrastructural & maintenance costs will restrain market growth. North America is going to emerge as one of the higher growth regions in the forecast period followed by APAC and Europe. Increasing penetration of metros & high-speed trains will fuel the Train Control Systems market in North America region.
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for this market during the forecast period
• Complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Train Control Systems market analysis and comprehensive segmentation with respect to the train type, connectivity, component, control solution, and geography to assist in strategic business planning
• Train Control Systems market analysis and forecast for five major geographies North America, Europe, Asia pacific, Middle East & Africa, Latin America and their key regions
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Research methodology used in this report contains various secondary sources including directories such as Association of American Railroads (AAR), Community of European Railway and Infrastructure Companies (CER), Federal Railroad Administration, RailNetEurope (RNE), International Union of Railways, Centre for Railway Information Systems, and Australasian Railway Association (ARA). Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about the Train Control Systems market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Train Control Systems market globally
Key Players in the Global Train Control Systems Market Are:
• Mitsubishi Electric Corporation
• Toshiba Corporation
• Siemens AG
• EKE Finance Ltd.
• Hitachi Limited
• Knorr-Bremse AG
• China Railway Signal & Communication Corporation Limited (CRSC)
• Thales Group
• Quester Tangent
• Aselsan A.S
This Report Is Submitted By @Global Market Research Company
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