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2021

Train Control Management System Market

Train Control Management System Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, Solution, Network Type and Train Type : Global Opportunity Analysis and Industry Forecast, 2020-2027

AT : Safety and Security Systems

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Author's: Lalit Katare & Anvay Sonpimple | Lalit Janardhan Katare
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Train Control Management System Market Statistics – 2027

The global train control management system market was valued at $3.13 billion in 2019, and is projected to reach $5.09 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027. Europe accounted for the highest share in the train control management system market in 2019, in terms of revenue, however, LAMEA is anticipated to exhibit remarkable growth rate during the forecast period. 

Train control management system can be defined as a train-borne distributed control system, which comprises software, computer devices, human–machine interface, digital and analogue input/output (I/O) capability, and data networks that are connected together in a secure and fault-resistant manner. Primarily train control management system provides communication interface to interact with other train systems and telecommunications to other supporting systems of the train. In addition, due to safety reasons, train control management systems are physically separated from the Wi-Fi networks available for passengers. Furthermore, train control management system is the standard communication, control, and train management system for all vehicle platforms and applications ranging from train types such as metros, trams, passenger coaches and others.

Train-Control-Management-System-Market-2020-2027

The tier-2 and tier-3 suppliers of the railway components, which operate in the railway sector supply chain, experienced a sever disruption in the operation due to COVID-19 pandemic. In addition, the COVID-19 outbreak is resulting in economic uncertainty and reduced consumer demand for nonessential vehicles, thus hindering the sale of new locomotives.

Factors such as increase in allocation of budget for the development of railways and surge in demand for secure, safer, and efficient transport system are driving the growth of the global train control management system market. However, high capital requirement is hindering the growth of market. On the contrary, improvement in railway infrastructure in developing countries is anticipated to provide remarkable growth opportunities for players operating in the market.

Train Control Management System Market
By Component
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Human machine interface segment is projected as the most lucrative segments

The train control management system market is segmented into component, solution, network type, train type, and region. By component, the market is categorized into vehicle control unit, mobile communication gateway, human machine interface, and others. Depending on solution, it is fragmented into communication based train control, positive train control, and integrated train control. On the basis of network type, it is classified into ethernet consist network, multifunctional vehicle bus, and wired train bus. As per train type, it is segregated into metros & high speed trains, electric multiple units, and diesel multiple units. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report include ABB, Comau, Denso Wave Incorporated, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., Kuka AG, Nachi-Fujikoshi Corp., Rockwell Automation, Inc., Seiko Epson Corporation, and Yaskawa Electric Corporation.

Train Control Management System Market
By Solution
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Integrated train control segment is projected as the most lucrative segments

Increase in allocation of budget for development of railways

The emerging economies such as India and China are focused on the development of their railway infrastructure by allocating a higher budget. For instance, India allocated a budget of $18.8 billion for its railway sector in 2017 and $21.2 billion in 2018, which highlights an increase of 13% in its budget allocation. Similarly, various countries across the globe are continuously increasing their rail budget to deploy latest technologies and improve their infrastructure. For instance, the Canadian National Railway (CN) planned an investment of $2.92 billion in the province of Saskatchewan to enhance the railway infrastructure. Thus, upsurge in budget allocation acts as a key factor that drives the growth of the railway sector, which, in turn, is propelling the train control management system market.

Train Control Management System Market
By Network Type
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Ethernet consist network (ECN) segment is projected as the most lucrative segments

Surge in demand for secure, safer, and efficient transport system

According to the fact sheet of the World Health Organization (WHO), road traffic injuries are the leading cause of fatality among people aged between 15 and 29 years, thus accounting for 1.25 million deaths every year due to road accidents. In addition, 90% of the world's fatalities on roads occur in low- and middle-income countries, though such countries have approximately 54% of the world's vehicles. Moreover, for most of the countries, road accidents cost 3% of their GDP. Furthermore, road accidents cause considerable economic losses to individuals, their families, and to nations. Therefore, rise in need for safe, secure, and efficient transportation system significantly contributes toward the growth of the global market. Railway transportation is considered as the safest and economical mode of transportation, which has further boosted the demand for railways. Latest trains are equipped with onboard cameras, sensors, and communication devices. Moreover, such trains in most locations run underground or at the ground level and are highly secured by fences or walls to prevent trespassing, which propels the growth of the market. In addition, modern advanced trains consume less energy due to their advanced acceleration, traction, and breaking system, resulting in reduction of energy consumption by around 30% based on the degree of automation. Moreover, train control management system provides integrated diagnostics & prognostic capability to the train, enables visualization of systems issues & performance, and suggests a corrective action to the driver. Furthermore, such trains can provide a flexible way to coordinate in terms of frequency, which results in the improvement of the system performance in all aspects, which is boosting the growth of the railway industry. Thus, demand and preference of consumers for safe, secure, and efficient transportation is augmenting the growth of train control management system market.

Train Control Management System Market
By Train Type
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Electric multiple units segment is projected as the most lucrative segments

High capital requirement

Rail transportation can be considered as the enabler of economic progress, owing to the fact that it is considered as the cheapest and safest mode of transportation, which is used to transport goods/products as well as cargo/freight. In addition, rise in use of public transport services as a solution to minimize traffic congestion notably contributes toward the growth of the global market. However, one of the key restraints of the train control management system market is its capital-intensive nature, as the cost of trains is significantly high. For instance, in April 2018, Indian railways revealed that it is ready to launch country's first 12,000 horsepower (HP) electric locomotive. The complete project is expected to cost around $200 billion to roll out 800 high horsepower locos over a period of 11 years in which the average cost of each of the locomotive is estimated to be $250 million. This indicates the requirement of high capital to build as well as to maintain the train network, which, in turn, is hindering the growth of train control management system market.

Improvement in railway infrastructure in developing countries

Railway infrastructure within a country increases the speed and efficiency of railway systems for freight and passenger transportation. In addition, the implementation of autonomous trains requires to be backed up by large investments. Governments of developing countries are investing significantly to meet the latest technology setups required for autonomous trains. For instance, India invested $1.97 billion in 2018 toward its infrastructure development to meet the latest automation demand, and is estimated to further invest $777.73 billion by 2022 to cater to the required infrastructure demand, which includes railway infrastructure development. This is anticipated to offer numerous opportunities for train automation players operating in the country. Similarly, Paris allocated $28.2 billion to automate its old metro network with the construction of four new metro lines across Paris to expand the existing lines. Hence, such improvements of railway infrastructure in developing countries are boosting the expansion of the railway industry, which, in turn, provides a potential growth opportunity for the players operating in the train control management system market. 

Train Control Management System Market
By Region
2027
Europe 
North America
Asia-Pacific
LAMEA

LAMEA region segment is projected as the most lucrative segments

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global train control management system market analysis along with current trends and future estimations to depict the imminent investment pockets.
  • The overall market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.

Train Control Management System Market Report Highlights

Aspects Details
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By Component
  • Vehicle Control Unit
  • Mobile Communication Gateway
  • Human–machine Interface
  • Others
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By Solution Type
  • Communication-based Train Control (CBTC)
  • Positive Train Control
  • Integrated Train Control
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By Network Type
  • Ethernet Consist Network (ECN)
  • Multifunctional Vehicle Bus (MVB)
  • Wired Train Bus (WTB)
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By Train Type
  • Metros & High-speed Trains
  • Electric Multiple Units
  • Diesel Multiple Units
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

HITACHI, LTD., Thales Group, Alstom, Siemens, ABB, TOSHIBA CORPORATION, Knorr-Bremse, BOMBARDIER, Mitsubishi Electric Corporation, EKE Group

Analyst Review

The global train control management system market is expected to grow at a remarkable rate in the future, owing to increase in budget for development of railway industry and supportive government initiative for railway industry.

Factors such as increase in allocation of budget for development of railways and surge in demand for secure, safer, and efficient transport system are driving the growth of train control management system market.

However, high capital requirement is hindering the growth of market. Conversely, improvement in railway infrastructure in developing countries is anticipated to provide remarkable growth opportunities for players operating in the train control management system market.

Among the analyzed regions, Europe is likely to account for the highest revenue during the forecast period, followed by Asia-Pacific, North America, and LAMEA. LAMEA is expected to witness the highest growth rate during the forecast period. 
 

Author Name(s) : Lalit Katare & Anvay Sonpimple | Lalit Janardhan Katare

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Train Control Management System Market

Global Opportunity Analysis and Industry Forecast, 2020-2027