Report Code: A08783 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Positive train control (PTC) is a type of a train protecting system, which to monitors and controls movements of train.It deals with receiving of information about the location of the train and directing it to the location where it is allowed to travel safely. PTC helps to diagnose and transmit the information by the help of wireless data system to provide directions and safety. With increase in infrastructure development and urbanization, demand for save control system has increased which gave rise to the positive train control market.
COVID-19 scenario analysis:Â Â Â Â Â Â Â Â
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increase indemand for safety &security and increased urbanization positively impact the growth of the positive train control market.Moreover, high maintenance cost and high infrastructure cost hamper the growth of the market. On the other hand, improvedrailway infrastructure has increased the demand for train control &management systems and privatization of railways in some areas.These factors are expected to provide lucrativeopportunitiesfor the positive train control market.
Increase indemand for safety &security
Increase in demand for safety &security while traveling plays an important role, which has resulted in rapid urbanization and technological advancements of high-speed rails on high demand.Therefore, this hasgenerated the need for an effective positive control system in railways.
Increased urbanization
Continuous development in infrastructure and technological sector has increased the demand for fast-moving transport.Therefore, governments have initiated projects for metros and fast-moving bullet trains, which are cost and time saving.In addition, governmentsare investing in the positive train control market to upgrade their existing systems,therebydriving the growth of the market.
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Positive Train Control Market Report Highlights
Aspects | Details |
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By Train Control |
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By Solution Market |
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By Train Component |
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By Connectivity |
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By Region |
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Key Market Players | Siemens AG, CAF GROUP, Knoor-Bremse AG, ALSTOM SA, ASELSAN, Bombardier Inc., Hitachi Ltd., Thales Group, Toshiba Corporation, ABB |
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