The automatic train control global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automatic Train Control Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
automatic train control market size has grown rapidly in recent years.
It will grow from $3.40 billion in 2023 to $3.77 billion in 2024 at a
compound annual growth rate (CAGR) of 11.0%. The growth in the historic
period can be attributed to increasing urbanization and congestion in
metropolitan areas, government initiatives for improving rail safety,
demand for efficient and reliable public transportation, and growing
awareness of environmental sustainability.
The automatic train control market size is expected to see strong growth in the next few years. It will grow to $5.40 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to the integration of AI and machine learning in train control systems, expansion of high-speed rail networks, adoption of the Internet of Things (IoT) for predictive maintenance, emphasis on interoperability and standardization across rail networks, investment in autonomous and semi-autonomous train technologies. Major trends in the forecast period include a shift towards digitalized signaling and communication systems, the rise of mobility as a service (MaaS) driving demand for automated train solutions, the emergence of cybersecurity concerns for train control systems, increasing focus on passenger experience and comfort in train design, growth of remote monitoring and control capabilities for train operations.
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Scope Of Automatic Train Control Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automatic Train Control Market Overview
Market Drivers -
The
growing demand for public transportation is expected to fuel the growth
of the automatic train control market going forward. Public transport
refers to transportation services that are available for use by the
general public and are typically operated by the government or private
entities. The growing demand for public transportation is driven by the
increasing need for sustainable and affordable mobility solutions in
increasingly urbanized environments. The increasing need for public
transport exerts a significant influence on the development and adoption
of automatic train control systems by prioritizing safety, efficiency,
capacity management, modernization, and integration within
transportation networks. For instance, in 2023, according to the
American Public Transportation Association, a US-based non-profit
organization, the demand for public transportation, particularly heavy
rail, saw a substantial increase, with passenger volume surging from
169,803 in November 2021 to 211,023 in November 2022, representing an
impressive 24.3% growth in usage. Therefore, the growing demand for
public transportation is driving the growth of the automatic train
control market.
Market Trends -
Major companies operating in
the automatic train control market are focused on developing innovative
solutions with advanced technologies, such as computer-based
interconnected control systems, to enhance rail safety and efficiency. A
computer-based interconnected control system optimizes processes
through the seamless integration and coordination of various components
for enhanced efficiency. For instance, in August 2021, Xinshuo Railway
Co. Ltd., a China-based local energy transportation enterprise, launched
a centralized traffic control (CTC) system. The railway's Centralized
Traffic Control (CTC) system is designed to improve the integrated
management capacity and efficiency of transportation and production by
centrally managing communications, signals, power supply units, and
traffic control along the rail line. It enables computer-based,
interconnected control and regulation of all stations along the railway.
Following a successful two-week trial operation, the system met the
requirements for official operation, laying a strong foundation for the
company to enhance traffic management quality and efficiency with
reduced human personnel.
The automatic train control market covered in this report is segmented –
1) By Service: Consulting, Integration And Deployment, Support And Maintenance
2) By Automation: GoA 1, GoA 2, GoA 3, GoA 4
3) By Train Type: Urban, Mainline
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Regional Insights -
Asia-Pacific
was the largest region in the automatic train control market in 2023.
It is expected to be the fastest-growing region in the forecast period.
The regions covered in the automatic train control market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the automatic train control market are Huawei Technologies
Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Cisco
Systems Inc., Mitsubishi Electric Corporation, Toshiba Corporation,
Thales Group, Alstom SA, WSP Global Inc., Wabtec Corporation, CAF
Signalling S.A.U., HNTB Corporation, Vossloh Signaling GmbH, Kyosan
Electric Manufacturing Ltd., ADLINK Technology Inc., PT Kereta Api
Indonesia (Persero), Mermec Corporation, Meteorcomm LLC, Xrail Systems
Limited, RCS Group, Mipro GmbH, Global Ingress Inc., SIL4 Systems
Limited, Bach-Simpson Corporation
Table of Contents
1. Executive Summary
2. Automatic Train Control Market Report Structure
3. Automatic Train Control Market Trends And Strategies
4. Automatic Train Control Market – Macro Economic Scenario
5. Automatic Train Control Market Size And Growth
…..
27. Automatic Train Control Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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