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2021
Train Control Management System Market

Train Control Management System Market by Component (Vehicle Control Unit, Mobile Communication Gateway, Human Machine Interface, and Others), Solution (Communication-based Train Control, Positive Train Control, and Integrated Train Control), Network Type (Ethernet Consist Network (ECN), Multifunctional Vehicle Bus (MVB), and Wired Train Bus (WTB)), and Train Type (Metros & High Speed Trains, Electric Multiple Units, and Diesel Multiple Units): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Pages: 334
Jan 2021 | 6973 Views
   
Author(s) : Lalit Katare & Anvay Sonpimple
Tables: 26
Charts: 79
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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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. 

Governments of different regions have already announced total lockdown and temporarily shutdown of industries, which adversely affected the overall production and sales. From March 2020, public transport in majority of the cities has been completely or partially shut down. Although the restrictions on public mobility have been lifted partially since the past two or three months, major cities are experiencing 70–90% reduction in the public transit ridership. Transportation has begun partially across the globe with stringent restrictions such as passenger limit and maintenance of social distancing. This results to 90% decrease in passenger ridership, and results in huge financial losses of rail operators. This financial losses result in focus on operational activities rather than new investment. Thus, COVID-19 outbreak has significant impact on the overall train control management system market.

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

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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

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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

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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

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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

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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

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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.


Key Market Segments

  • By Component
    • Vehicle Control Unit
    • Mobile Communication Gateway
    • Human–machine Interface
    • Others
  • By Solution Type
    • Communication-based Train Control (CBTC)
    • Positive Train Control
    • Integrated Train Control
  • By Network Type
    • Ethernet Consist Network (ECN)
    • Multifunctional Vehicle Bus (MVB)
    • Wired Train Bus (WTB)
  • By Train Type
    • Metros & High-speed Trains
    • Electric Multiple Units
    • Diesel Multiple Units
  • 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


Key Market Players

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

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market share analysis, 2019
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increased allocation of budget for development of railways
3.5.1.2.Growing demand for secure, safer, and efficient transport system

3.5.2.Restraints

3.5.2.1.High capital requirement

3.5.3.Opportunities

3.5.3.1.Improvement in railway infrastructure in developing countries

CHAPTER 4:TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT

4.1.Overview
4.2.Vehicle control unit

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Mobile communication gateway

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Human machine interface

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

CHAPTER 5:TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION

5.1.Overview
5.2.Communication based train control (CBTC)

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Positive train control

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Integrated train control

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

CHAPTER 6:TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE

6.1.Overview
6.2.Ethernet consist network (ECN)

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Multifunctional vehicle bus (MVB)

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Wired train bus

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

CHAPTER 7:TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE

7.1.Overview
7.2.Metros and high speed trains

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Electric multiple units

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.Diesel multiple units

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

CHAPTER 8:TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY REGION

8.1.Overview
8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by component
8.2.3.Market size and forecast, by solution
8.2.4.Market size and forecast, by solution
8.2.5.Market size and forecast, by train type
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by component
8.2.6.1.2.Market size and forecast, by solution
8.2.6.1.3.Market size and forecast, by network type
8.2.6.1.4.Market size and forecast, by train type

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by component
8.2.6.2.2.Market size and forecast, by solution
8.2.6.2.3.Market size and forecast, by network type
8.2.6.2.4.Market size and forecast, by train type

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by component
8.2.6.3.2.Market size and forecast, by solution
8.2.6.3.3.Market size and forecast, by network type
8.2.6.3.4.Market size and forecast, by train type

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by component
8.3.3.Market size and forecast, by solution
8.3.4.Market size and forecast, by network type
8.3.5.Market size and forecast, by train type
8.3.6.Market analysis, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by component
8.3.6.1.2.Market size and forecast, by solution
8.3.6.1.3.Market size and forecast, by network type
8.3.6.1.4.Market size and forecast, by train type

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by component
8.3.6.2.2.Market size and forecast, by solution
8.3.6.2.3.Market size and forecast, by network type
8.3.6.2.4.Market size and forecast, by train type

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by component
8.3.6.3.2.Market size and forecast, by solution
8.3.6.3.3.Market size and forecast, by network type
8.3.6.3.4.Market size and forecast, by train type

8.3.6.4.Russia

8.3.6.4.1.Market size and forecast, by component
8.3.6.4.2.Market size and forecast, by solution
8.3.6.4.3.Market size and forecast, by network type
8.3.6.4.4.Market size and forecast, by train type

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by component
8.3.6.5.2.Market size and forecast, by solution
8.3.6.5.3.Market size and forecast, by network type
8.3.6.5.4.Market size and forecast, by train type

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by component
8.4.3.Market size and forecast, by solution
8.4.4.Market size and forecast, by network type
8.4.5.Market size and forecast, by train type
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by component
8.4.6.1.2.Market size and forecast, by solution
8.4.6.1.3.Market size and forecast, by network type
8.4.6.1.4.Market size and forecast, by train type

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by component
8.4.6.2.2.Market size and forecast, by solution
8.4.6.2.3.Market size and forecast, by network type
8.4.6.2.4.Market size and forecast, by train type

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by component
8.4.6.3.2.Market size and forecast, by solution
8.4.6.3.3.Market size and forecast, by network type
8.4.6.3.4.Market size and forecast, by train type

8.4.6.4.Australia

8.4.6.4.1.Market size and forecast, by component
8.4.6.4.2.Market size and forecast, by solution
8.4.6.4.3.Market size and forecast, by network type
8.4.6.4.4.Market size and forecast, by train type

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by component
8.4.6.5.2.Market size and forecast, by solution
8.4.6.5.3.Market size and forecast, by network type
8.4.6.5.4.Market size and forecast, by train type

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by component
8.5.3.Market size and forecast, by solution
8.5.4.Market size and forecast, by network type
8.5.5.Market size and forecast, by train type
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by component
8.5.6.1.2.Market size and forecast, by solution
8.5.6.1.3.Market size and forecast, by network type
8.5.6.1.4.Market size and forecast, by train type

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by component
8.5.6.2.2.Market size and forecast, by solution
8.5.6.2.3.Market size and forecast, by network type
8.5.6.2.4.Market size and forecast, by train type

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by component
8.5.6.3.2.Market size and forecast, by solution
8.5.6.3.3.Market size and forecast, by network type
8.5.6.3.4.Market size and forecast, by train type

CHAPTER 9:COMPANY PROFILES

9.1.BOMBARDIER

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Operating business segments
9.1.4.Product portfolio
9.1.5.Business performance
9.1.6.Key strategic moves and developments

9.2.HITACHI, LTD.

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Business performance
9.2.4.Key strategic moves and developments

9.3.Siemens

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Operating business segments
9.3.4.Business performance

9.4.TOSHIBA CORPORATION

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Product portfolio
9.4.4.Business performance
9.4.5.Key strategic moves and developments

9.5.ABB

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Operating business segments
9.5.5.Business performance
9.5.6.Key strategic moves and developments

9.6.Mitsubishi Electric Corporation

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Operating business segments
9.6.4.Product portfolio
9.6.5.Business performance

9.7.Knorr-Bremse

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Operating business segments
9.7.4.Product portfolio
9.7.5.Business performance
9.7.6.Key strategic moves and developments

9.8.Alstom

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Operating business segments
9.8.4.Product portfolio
9.8.5.Business performance
9.8.6.Key strategic moves and developments

9.9.Thales Group

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Operating business segments
9.9.4.Product portfolio
9.9.5.Business performance
9.9.6.Key strategic moves and developments

9.10.EKE Group

9.10.1.Company overview
9.10.2.Company snapshot

LIST OF TABLES

TABLE 01.GLOBAL TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 02.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR VEHICLE CONTROL UNIT, BY REGION, 2019–2027 ($MILLION)
TABLE 03.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR MOBILE COMMUNICATION GATEWAY, BY REGION, 2019–2027 ($MILLION)
TABLE 04.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR HUMAN MACHINE INTERFACE, BY REGION, 2019–2027 ($MILLION)
TABLE 05.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 06.GLOBAL TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 07.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR COMMUNICATION BASED TRAIN CONTROL (CBTC), BY REGION, 2019–2027 ($MILLION)
TABLE 08.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR POSITIVE TRAIN CONTROL, BY REGION, 2019–2027 ($MILLION)
TABLE 09.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR INTEGRATED TRAIN CONTROL, BY REGION, 2019–2027 ($MILLION)
TABLE 10.GLOBAL TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 11.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR ETHERNET CONSIST NETWORK (ECN) BY REGION, 2019–2027 ($MILLION)
TABLE 12.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR MULTIFUNCTIONAL VEHICLE BUS (MVB) NETWORK TYPE, BY REGION, 2019–2027 ($MILLION)
TABLE 13.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR WIRED TRAIN BUS, BY REGION, 2019–2027 ($MILLION)
TABLE 14.GLOBAL TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 15.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR METROS AND HIGH SPEED TRAINS, BY REGION, 2019–2027 ($MILLION)
TABLE 16.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR ELECTRIC MULTIPLE UNITS, BY REGION, 2019–2027 ($MILLION)
TABLE 17.TRAIN CONTROL MANAGEMENT SYSTEM MARKET REVENUE FOR DIESEL MULTIPLE UNITS, BY REGION, 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 22.U. S. TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 23.U. S. TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 24.U.S. TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 25.U.S. TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 26.CANADA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 27.CANADA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 28.CANADA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 29.CANADA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 30.MEXICO TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 31.MEXICO TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 32.MEXICO TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 33.MEXICO TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 34.EUROPEAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 35.EUROPEAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 36.EUROPE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 37.EUROPE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 38.UK TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 39.UK TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 40.UK TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 41.UK TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 42.GERMANY TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 43.GERMANY TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 44.GERMANY TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 45.GERMANY TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 46.FRANCE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 47.FRANCE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 48.FRANCE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 49.FRANCE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 50.RUSSIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 51.RUSSIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 52.RUSSIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 53.RUSSIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 54.REST OF EUROPE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 55.REST OF EUROPE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 56.REST OF EUROPE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 57.REST OF EUROPE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 58.ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 59.ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 60.ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 61.ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 62.CHINA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 63.CHINA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 64.CHINA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 65.CHINA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 66.JAPAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 67.JAPAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 68.JAPAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 69.JAPAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 70.INDIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 71.INDIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 72.INDIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 73.INDIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 74.AUSTRALIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 75.AUSTRALIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 76.AUSTRALIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 77.AUSTRALIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 78.REST OF ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 79.REST OF ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 80.REST OF ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 81.REST OF ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 82.LAMEA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 83.LAMEA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 84.LAMEA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 85.LAMEA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 86.LATIN AMERICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 87.LATIN AMERICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 88.LATIN AMERICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 89.LATIN AMERICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 90.MIDDLE EAST TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 91.MIDDLE EAST TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 92.MIDDLE EAST TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 93.MIDDLE EAST TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 94.AFRICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 95.AFRICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2019–2027 ($MILLION)
TABLE 96.AFRICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY NETWORK TYPE, 2019–2027 ($MILLION)
TABLE 97.AFRICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY TRAIN TYPE, 2019–2027 ($MILLION)
TABLE 98.BOMBARDIER: COMPANY SNAPSHOT
TABLE 99.BOMBARDIER: OPERATING SEGMENTS
TABLE 100.BOMBARDIER: PRODUCT PORTFOLIO
TABLE 101.BOMBARDIER: KEY STRATEGIC MOVES AND DEVELOPMENT
TABLE 01.HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 02.HITACHI, LTD.: KEY STRATEGIC MOVES AND DEVELOPMENT
TABLE 03.SIEMENS: COMPANY SNAPSHOT
TABLE 04.SIEMENS: OPERATING SEGMENTS
TABLE 05.TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 06.TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 07.TOSHIBA CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 08.ABB: COMPANY SNAPSHOT
TABLE 09.ABB: OPERATING SEGMENTS
TABLE 10.ABB: KEY STRATEGIC MOVES AND DEVELOPMENT
TABLE 11.MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 12.MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
TABLE 13.MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 14.KNORR-BREMSE: COMPANY SNAPSHOT
TABLE 15.KNORR-BREMSE: OPERATING SEGMENTS
TABLE 16.KNORR-BREMSE: PRODUCT PORTFOLIO
TABLE 17.KNORR-BREMSE: KEY STRATEGIC MOVES AND DEVELOPMENT
TABLE 18.ALSTOM: COMPANY SNAPSHOT
TABLE 19.ALSTOM: OPERATING SEGMENTS
TABLE 20.ALSTOM: PRODUCT PORTFOLIO
TABLE 21.ALSTOM: KEY STRATEGIC MOVES AND DEVELOPMENT
TABLE 22.THALES GROUP: COMPANY SNAPSHOT
TABLE 23.THALES GROUP: OPERATING SEGMENTS
TABLE 24.THALES GROUP: PRODUCT PORTFOLIO
TABLE 25.THALES GROUP: KEY STRATEGIC MOVES AND DEVELOPMENT
TABLE 26.EKE GROUP: COMPANY SNAPSHOT

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TRAIN CONTROL MANAGEMENT SYSTEM  MARKET: SPANPSHOT
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE THREAT OF SUBSTITUTES
FIGURE 12.HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS, 2019
FIGURE 15.GLOBAL TRAIN CONTROL MANAGEMENT SYSTEM MARKET SHARE, BY COMPONENT, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR VEHICLE CONTROL UNIT, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR MOBILE COMMUNICATION GATEWAY, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR HUMAN MACHINE INTERFACE, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 20.GLOBAL TRAIN CONTROL MANAGEMENT SYSTEM MARKET SHARE, BY SOLUTION, 2019–2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR COMMUNICATION BASED TRAIN CONTROL (CBTC), BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR POSITIVE TRAIN CONTROL, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR INTEGRATED TRAIN CONTROL,  BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 24.GLOBAL TRAIN CONTROL MANAGEMENT SYSTEM MARKET SHARE, BY NETWORK TYPE, 2019–2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR ETHERNET CONSIST NETWORK (ECN), BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR MULTIFUNCTIONAL VEHICLE BUS (MVB) NETWORK TYPE, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR WIRED TRAIN BUS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 28.GLOBAL TRAIN CONTROL MANAGEMENT SYSTEM MARKET SHARE, BY TRAIN TYPE, 2019–2027 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR METROS AND HIGH SPEED TRAINS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR ELECTRIC MULTIPLE UNITS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET FOR DIESEL MULTIPLE UNITS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 32.TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2027 (%)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 34.U.S. TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 35.CANADA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 36.MEXICO TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 37.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 38.UK TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 39.GERMANY TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 40.FRANCE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 41.RUSSIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 42.REST OF EUROPE TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 43.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 44.CHINA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 45.JAPAN TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 46.INDIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 47.AUSTRALIA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 48.REST OF ASIA-PACIFIC TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 49.COMPARATIVE SHARE ANALYSIS OF TRAIN CONTROL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 50.LATIN AMERICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 51.MIDDLE EAST TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 52.AFRICA TRAIN CONTROL MANAGEMENT SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 53.BOMBARDIER: NET SALES, 2017–2019 ($MILLION)
FIGURE 54.BOMBARDIER: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 55.BOMBARDIER: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 56.HITACHI, LTD.: NET SALES, 2017–2019 ($MILLION)
FIGURE 57.HITACHI, LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 58.HITACHI, LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 59.SIEMENS: NET SALES, 2017–2019 ($MILLION)
FIGURE 60.SIEMENS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 61.SIEMENS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 62.TOSHIBA CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 63.TOSHIBA CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 64.TOSHIBA CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 65.ABB: NET SALES, 2017–2019 ($MILLION)
FIGURE 66.ABB: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 67.ABB: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 68.MITSUBISHI ELECTRIC CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 69.MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 71.KNORR-BREMSE: NET SALES, 2017–2019 ($MILLION)
FIGURE 72.KNORR-BREMSE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 73.KNORR-BREMSE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 74.ALSTOM: NET SALES, 2017–2019 ($MILLION)
FIGURE 75.ALSTOM: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 76.ALSTOM: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 77.THALES GROUP: NET SALES, 2017–2019 ($MILLION)
FIGURE 78.THALES GROUP: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 79.THALES GROUP: REVENUE SHARE BY REGION, 2019 (%)

 
 

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. 
 

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