News By Tag
News By Location
Follow on Google News
TCMS Market by Train Control Solution 2022 – Industry Size, Trend & Future Strategic Planning
Bharat Book Bureau Provides the Trending Market Research Report; on "TCMS Market by Train Control Solution Component Connectivity, Train Type & Region - Forecast to 2022"
By: Bharat Book Bureau
The Train Control and Management System (TCMS) market is projected to grow at a CAGR of 8.02% from 2017 to 2022, to reach USD 3.58 billion by 2022. The key factors driving the market growth include rapidly growing population and urbanization in the Asia Oceania region, increasing government mandates in developed regions such as North America and Europe, and availability of high-speed communication systems. The increasing rail transit network such as light rail transit, metros, and high-speed rails is also expected to boost the demand for TCMS as it is a standard system for rail safety and management. On the other hand, the major factors hindering the TCMS market growth are high infrastructural and maintenance costs and lack of interoperability.
Click the link below to read the complete report: https://www.bharatbook.com/
Metros & high-speed trains to witness the fastest growth during the forecast period
The market for metros & high-speed trains is projected to grow at the highest CAGR, in terms of value, during the forecast period. The increasing government initiatives to enhance high-speed rail network and fulfill the transportation gap in countries such as the UK, France, India, China, and South Korea are expected to drive the metros & high-speed trains segment in the TCMS market.
Request a sample Report Train Control and Management System Report @ https://www.bharatbook.com/
Vehicle control unit is expected to be the largest market segment in the Train Control and Management System (TCMS) market
The vehicle control unit is the most expensive component of TCMS. Thus, the vehicle control unit is estimated to be the largest segment in the TCMS market, by component. The growth of this segment can be attributed to the high installation rate of TCMS in developed regions and the increasing penetration in developing regions.
North America to grow at the highest CAGR during the forecast period
Europe is estimated to be the largest market in 2017, whereas North America is estimated to see the highest growth in the TCMS market during the forecast period. The North American countries are focusing on reducing greenhouse gas emissions and air pollution by the transportation sector. Thus, the government is taking initiatives to develop light rail transit and metros at a rapid pace to follow a sustainable path, which in turn is estimated to drive the demand for TCMS market.
The study contains insights provided by various industry experts. The breakdown of the primaries is as follows:
• By Company Type: Tier 1—49%, and Tier 2—51%
• By Designation:
• By Region: North America—14%
The key players in the TCMS market are profiled in the study. These include
Bombardier Inc. (Canada), Siemens AG (Germany), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi Ltd. (Japan), Knorr-Bremse AG (Germany), ALSTOM SA (France), CAF GROUP (Spain), ABB (Switzerland)
The TCMS market is segmented by component (vehicle control unit, mobile communication gateway, human machine interface, and others), train type (metros & high-speed trains, EMU, and DMU), connectivity (GSM-R, WI-Fi, TETRA, and others), and solution (PTC, CBTC, and ITC).
Reasons to Buy the Report:
The report provides insights concerning the following points:
• Market Development: The report offers comprehensive information about lucrative emerging markets. The report analyses the market for TCMS across regions.
• Product Development/
• Market Diversification: The report gives detailed information about untapped markets, investments, new products, and recent developments in the global TCMS market.
• Dive Matrix: The report offers detailed information and in depth analysis of key players based on their business strategy and product offering.
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Follow us on: Twitter, Facebook, LinkedIn, Google Plus
+91 22 27810772 / 27810773