Train Control and Management System Market is Anticipated to Reach a Value of $5412.3 Million by 202

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Train Control and Management System Market is Anticipated to Reach a Value of $5,412.3 Million by 2025 and Project a CAGR of 8.0% During the Forecast period 2018-2025, Says Esticast Research and Consulting

Train Control and Management System Market is Anticipated to Reach a Value of $5,412.3 Million by 2025 and Project a CAGR of 8.0% During the Forecast period 2018-2025, Says Esticast Research and Consulting

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As per the report "Train control and management system Market By Type (Metros & High-Speed Train, Electric Multiple Unit, Diesel Multiple Unit), By Control Solution (Communication-Based Train Control Solution, Positive Train Control, Integrated Train Control), By Component (Vehicle Control Unit, Mobile Communication Gateway, Human Machine Interface), Industry Trends, Estimation & Forecast, 2018 - 2025." Train Control and Management System Market is Anticipated to Reach a Value of $5,412.3 Million by 2025 and Project a CAGR of 8.0% During the Forecast period 2018-2025. In 2017, the vehicle control unit segment garnered the highest share in the global train control and management system market. In terms of region, Europe earned the lion’s share by accounting for nearly 36% of the total market share in terms of revenue.

“The transition of trains from diesel multiple units to metros/high-speed trains is evolving the global market of train control and management system. Asia-Pacific, a promising manufacturing hub, is expected to invest nearly $230 billion during the upcoming years and has attracted major vendors such as Alstom and Bombardier.”

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OVERVIEW

Communication-based train control segment leads the global train control and management system market due to the importance of an effective communication link in rail transit

The communication-based train control (CBTC) system bagged the largest market share in 2017 and is anticipated to maintain its dominance throughout the forecast period. Communication is an integral part of a railway transport system as it aids in avoiding train collisions and connects the train driver with the train control room. Communication errors or delay while the train is on-track could lead to fatal circumstances, jeopardizing the life of passengers, driver, and others. The prime objective of CBTC system is to increase the capacity by reducing headway between trains, which in turn is responsible for the need of CBTC system in a railway infrastructure. To know more about the report, visit at @ https://www.esticastresearch.com/report/train-control-and-management-system-market

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Europe gains the lion’s share in the global market, owing to the presence of several major players in the region

In 2017, Europe accounted for nearly 36% share of the global train control and management system market and is expected to maintain its dominance throughout the forecast period. Europe is a hub that caters to several major market players active in the train control and management system market. Moreover, the growing rail industry of Europe and high dependence of European people on rail transit are yet another determinants fuelling the growth of this regional market. The ongoing development of EU rail transport system for enhancing passenger safety and offering an effective railway transport system are anticipated to render an impressive growth rate to the European train control and management system market during the upcoming years. Some of the key market players include Hitachi Ltd, Toshiba Corporation, Mitsubishi Electric Corp, Alstom SA, Siemens AG, General Electric., EKE Group, Thales Group, Strukton Rail, CAF (Construcciones y Auxiliar de Ferrocarriles) S.A., Bombardier Inc. and Oranjewoud NV.

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