The demand for TCMSs is especially high in the U.A.E. and Russia
The world is currently witnessing a rapid surge in the need for fast and efficient means of transportation due to a significant rise in the urbanization rate. Thus, governments across the world are focusing on deploying metros and high-speed trains to meet the need for mass transit transportations that are cost-effective and time-saving. Since the train control management system (TCMS) is an intrinsic part of these railway systems, governments are either updating their existing train systems to integrate train management solutions or deploying such solutions in the new rapid transit systems.
The rising number of high-speed railway lines and metro systems can also be attributed to rapid technological advancements. Some of these trains operate at over 200 km/h, which is why concerns regarding human safety and security have increased considerably in recent years. Thus, the constant technological advancements and rising safety concerns will help the train control management system market reach $4.9 billion by 2023, displaying a CAGR of 8.8% during 2018–2023.
In recent years, automotive technology companies, such as Alstom S.A., China Railway Signal & Communication Corporation Limited, Toshiba Corporation, Bombardier Inc., Knorr-Bremse AG, Construcciones y Auxiliar de Ferrocarriles S.A., and Siemens AG, have been engaging in business expansions, partnerships, and mergers and acquisitions to offer better products for passenger safety. Apart from this, they are focusing on improving their existing product framework to attract more customers. These companies are involved in the production of integrated train control (ITC), communication-based train control (CBTC), and positive train control (PTC) solutions.
These solutions are deployed in diesel multiple units (DMU), electric multiple units (EMU), and metro and high-speed trains. Among the different train types, metro and high-speed trains generate the highest demand for TCMSs, for enhanced speed, comfort, and safety. The introduction of these trains has created the demand for control and maintenance systems to manage their system operations and update passengers about their journey, through data utilization and monitoring. Moreover, train manufacturers are integrating human–machine interfaces (HMI), vehicle control units, and mobile communication gateway components in their new models to offer improved features.
According to P&S Intelligence, Europe dominated the train control management system market in the past, and it is expected to retain its lead in the coming years. The continent is home to some of the most-well-known high-speed train systems, such as Train à Grande Vitesse (TGV), Eurostar, Intercity Express (ICE), and Thalys, which create a high demand for TCMSs. The Rest of the World (RoW) region is expected to witness the fastest growth in the foreseeable future due to the rapid urbanization and vast population of the region. The demand for TCMSs is especially high in the U.A.E. and Russia.
Thus, the increasing need for rapid transit systems and rising safety and security concerns related to trains are expected to boost the adoption of train control management solutions globally.
