Global Automatic Train Control Market was valued at US$ 1.9Bn in 2017 and is expected to reach US$ 4.5Bn by 2026, at a CAGR of 11.38%during a forecast period.
Global Automatic Train Control Market
Increasing government support through providing funds, for the making of technologically advanced trains, is helping the automatic train control market globally. The rising requirement for pollution reduction & growing demand for safety is other essential factors that are driving the global automatic train control market significantly.
However, the high initial investments and the necessity for regular maintenance may restrain the growth of the global automatic train control market in the upcoming years. Increasing uptake of autonomous trains in heavily populated Asian economies, such as China and India, is expected to keep the automatic train control market running smoothly in the upcoming years.
Based on automation, The GoA 2 segment is expected to hold the largest market size in the automatic train control market globally. GoA 2 comprises semi-automation train operations. GoA 2 based systems offer full ATP and ATO, along with a train operator stationed at the control cab. ATO (Automatic Train Control) systems control train movement by commanding train acceleration and deceleration. The movement of the train is supervised by the automatic train control system.
Region-wise, the Asia Pacific is projected to lead the automatic train control market in the upcoming years followed by Europe. This is because of the higher investments for digital transformation, growing GDP, and increasing implementation of new technologies in the Asia Pacific region. The Asia Pacific is interested in rapidly investing in technological advancements. Also, with the rapid deployment of metros in Asian cities, the deployment of ATC solutions is on the increase. The high population growth rate in the APAC region has intensified the need for transformation and growth of the existing rail infrastructure.
A recent development in global automatic train control market, The Westinghouse Rail Systems that is now Siemens is Distance to Go, Radio system mounted on the London Underground’s Victoria Line is the first instance of a complete Automatic Train Control implementation by means of radio-based data bearers in the United Kingdom.
Thales launched SelTrac G7 current generation train control system. SelTrac G7 incorporates the newest technologies and modern train operation features to assistance operators achieve their ambitions and help passengers to have a better journey experience in September 2018.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Automatic Train Control Marketdynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Automatic Train Control Market.
Scope of the Global Automatic Train Control Market
Global Automatic Train Control Market, By Automation
• GoA 1
• GoA 2
• GoA 3
• GoA 4
Global Automatic Train Control Market, By Service
• Consulting
• Integration and Deployment
• Support and Maintenance
Global Automatic Train Control Market, By Train Type
• Urban
o Metro Train
o High-Speed Train
• Mainline
o Passenger Train
o Freight Train
Global Automatic Train Control Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Automatic Train Control Market
• Siemens
• Thales
• Bombardier
• Cisco
• Hitachi
• Toshiba
• Alstom
• Tech Mahindra
• WSP
• Kyosan
• Mermec
• Advantech
• Mipro
• Adlink Technology