Train Control and Management System (TMCS) Market Growing Demand for Safe and Comfortable Transit

The train control and management system (TMCS) market size is expected to reach $3.5 billion by 2022, growing at a CAGR of 8.2% between 2016-2022. The TCMS market is primarily driven by stringent emission control norms, rapid urbanization and increasing population, and growing demand for safe and comfortable rapid transit solutions in developed as well as developing regions.

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In 2015, Asia-Pacific was the second largest market for train control and management system. The region contributed 31.2% to the global revenue generated from the sales of train control and management system in 2015. These advancements have helped train operators reduce traffic as well. Global players in the TCMS market are collaborating with domestic players in emerging economies such as China and India, where the demand for rapid transit vehicles is on the rise.

The key trend observed in the TCMS market is the deployment of CBTC systems in new trains across the globe. CBTC is a railway signaling system, which utilizes telecommunication between track equipment and train for the infrastructure control and train management. The CBTC is the next-generation signaling system, which uses wireless communication to collect data regarding the position of train and to revert with control signals to train.

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Some of the major players operating in the TCMS market include Alstom SA, Bombardier Inc., Toshiba Corporation, Siemens AG, Hitachi Ltd., CAF, Mitsubishi Electric Corporation, EKE Group and Strukton Rail.

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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.