Train Control Management System Market Research Report

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Train Control Management System Market Research
Report by  Size, Share, Development, Growth, and
Demand Forecast, 20132023
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Train control management system market is
projected to reach 4.9 billion by 2023,
according to PS Intelligence. The market is
predominantly driven by rapid urbanization,
increasing demand for safety and security in
railway systems, infrastructural growth, and
advancements in the rail technology. Insights
into market segments On the basis of component,
the train control management system market has
been categorized into vehicle control unit,
mobile communication gateway, humanmachine
interface (HMI), and others. In terms of value,
the category of vehicle control units held the
largest market share in 2017 and is poised to
continue dominating the market in the coming
years as well. However, the fastest growth in the
market during the forecast period is expected
from the mobile communication gateway category.
This can be attributed to enhanced safety and
security, better operational efficiency, and
on-board video surveillance facilitated by mobile
communication gateway.
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Globally, Europe led the train control management
system market during the historical period,
accounting for over 45 revenue in 2017. The
region is expected to continue leading the market
in the coming years as well. However, during the
forecast period, the market is expected to
witness the fastest growth in the Rest of the
World (RoW) region, primarily due to the
increasing urban population in the developing
countries of the region, which, in turn, is
generating the demand for rapid public transit
systems. Advancements in the rail technology are
driving the growth of the train control
management system market With the world being
rapidly transformed by technological
advancements, conventional mass transit systems,
particularly railways, are also being affected.
Conventional railways are phasing out gradually,
especially in developed countries, and are being
replaced by high-speed trains and metros. The
introduction of rapid mass transit systems, such
as metros and subways, has led to the demand for
control and maintenance systems that can manage
the system operation in these railways, in
addition to keeping the passengers updated about
their journey through data monitoring and
utilization. The new technologies have made the
railways more reliable and comfortable, thus
enhancing the passenger experience. Besides,
these advancements have helped prevent accidents
or casualties through operation monitoring and
data transmission, thereby making the railways
safer. Hence, technological advancements are
expected to continue driving the growth of the
train control management system market in the
coming years.
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Market Segmentation By Component Vehicle Control
Unit Mobile Communication Gateway HumanMachine
Interface (HMI) Others By Train Type Metro and
High-Speed Train Electric Multiple Unit
(EMU) Diesel Multiple Unit (DMU) Request to Get
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