Increasing Need for Mass Rapid Transit Fueling Train Control Management System Adoption
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.
Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/train-control-and-management-system-market/report-sample
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.
- By Component – Vehicle Control Unit, Mobile Communication Gateway, Human–Machine Interface (HMI), and Others
- By Train Type – Metro & High-Speed Train, Electric Multiple Unit (EMU), and Diesel Multiple Unit (DMU)
- By Solution – Communication-Based Train Control (CBTC), Positive Train Control (PTC), and Integrated Train Control (ITC)
- By Network – Multifunction Vehicle Bus (MVB), Ethernet Consist Network (ECN), Wired Train Bus (WTB), and Others
- By Region – North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
Comments
Post a Comment