26.02.2020 Шоубизнес и светская жизнь

Train Control Management System (TCMS) Market Business Revenue Forecast

The global train control management system market is estimated to generate $4.9 billion revenue by 2023, recording a 8.8% CAGR during the forecast period (2018–2023). The factors driving the growth of the market are an increase in the demand for safety and security of trains and passengers, advancements in railway technology, infrastructural development, and rapidly increasing urban population.

Train control management system (TCMS) is a system that acts as a single platform for the control for all train sub-systems. It collects information related to tracking circuits and route setting through signaling. The exchange of information happens at two levels: between the train and control center, and among various systems within a train. Thus, such control solutions enable railway companies to monitor the rail traffic and achieve optimum operational efficiency.

On the basis of component, the train control management system market has been classified into mobile communication gateway, human-machine interface, vehicle control units, and others. Out of these, the vehicle control unit category accounted for the highest revenue in 2017 and is further predicted to hold on to its position as the market leader in the near future as well. Vehicle control units help in the proper functioning of each system within a train, coordination among trains, and train running time and frequency maintenance.

However, due to better operational efficiency, onboard video surveillance features, and enhanced safety and security, the mobile communication category is anticipated to witness the fastest growth during the forecast period. Across the globe, Europe dominated the railway control management system market in 2017 with more than 45.0% revenue share. The expected future scenario is similar, wherein Europe will continue dominating the market.

However, the TCMS market in the near future years is projected to witness the most significant growth in the Rest of the World (RoW) region. The reason for such growth in RoW would be the rapid urbanization in developing countries. The urbanization and improvement in living standards in such nations is driving the demand for metro and other train systems, which is further boosting the market. Besides, the demand for TCMSs is increasing in countries, such as the U.A.E. and Russia, as well.

Among all the growth drivers of the train control management system market, the increasing demand for safety and security in railway systems is of high significance. Due to advanced technology, high-speed trains and metros are being increasingly preferred across the globe. These travel at higher speeds as compared to traditional trains, often operating at more than 200 kmph. However, with higher speeds, the concern for safety and security also grows. These concerns have increased the need for efficient control and management systems. TCMS helps achieve this through network communication, data transmission, and diagnostics-based maintenance.

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Hence, countries are either upgrading their existing trains or adopting these TCMS solutions for new rapid transit systems. TCMS ensures the safety and security of the passenger, and thus the train control management system market is expected to progress.