On the basis of component, the humanโmachine interface segment is anticipated to exhibit a remarkable growth during the forecast period.
WILMINGTON, DE, UNITED STATES, December 26, 2024 /EINPresswire.com/ -- The global ๐๐ซ๐๐ข๐ง ๐๐จ๐ง๐ญ๐ซ๐จ๐ฅ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ was valued at $3.13 billion in 2019, and is projected to reach $5.09 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027. Growth in demand for secure, safer, and efficient transport system and increased allocation of budget for development of railways drive the growth of the global train control management system market. On the other hand, high capital requirement impedes the growth to some extent. However, improvements in railways infrastructure in developing countries are expected to pave the way for lucrative opportunities in the coming years.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐๐ - 334 ๐๐๐ ๐๐ฌ) ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/2337
Factors such as increase in allocation of budget for development of railways and surge in demand for secure, safer, and efficient transport system are driving the growth of train control management system market. However, high capital requirement is hindering the growth of market. Furthermore, improvement in railway infrastructure in developing countries is anticipated to provide remarkable growth opportunities for the players operating in the train control management system market.
Leading rolling stock companies are announcing the plants to accelerate the development and adoption of hydrogen-based trains in the UK. For instance, in July 22, 2020, Eversholt Rail and Alstom, leading rolling stock companies, announced to invest around $1 million in British hydrogen trains, developing an entire new class of trains, which is anticipated to propel the growth of the market. In addition, German Rail, a member of the International Union of Railways (UIC), planned for the installation and deployment of European train control system (ETCS) across the rail network in Germany, including the full complete rollout of the technology. In addition, the federal government has authorized a feasibility study for the rollout of ETCS and introduction of digital interlocking in Germany.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/train-control-management-system-market/purchase-options
Vehicle control unit is one of the important subsystems of the propulsion system in train, as it is responsible for controlling the complete safety and characteristics of the locomotive. In addition, vehicle control unit can be used for physical controls such as opening & closing of doors and diagnostics control such as monitoring of brake temperature, and checking proper closing of doors. Vehicle control units are used for various applications such as crew human-machine interface (HMIs) management, SIL & safety applications, fleet management, lighting management, battery charge monitoring, and other crucial applications, which propel the growth of vehicle control unit segment.
Based on component, the vehicle control unit segment accounted for nearly half of the global train control management system market share in 2019, and is expected to lead the trail by the end of 2027. This is due to its application in the field of crew human machine interface (HMIs) management, SIL & safety applications, fleet management, lighting management, battery charge monitoring, and other crucial application. At the same time, the human machine interface segment is anticipated to register the fastest CAGR of 10.3% throughout the forecast period.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/2337
Based on region, Europe, followed by Asia-Pacific and North America, held the major share in 2019, generating around one-third of the global train control management system market, attributed to increase in use of public transport and demand for safe, secure, and efficient transportation. Simultaneously, the market across LAMEA would manifest the fastest CAGR of 11.3% by 2027. Focus of companies operating in the railway sector on development of semi-autonomous and fully autonomous railways is propelling the growth of the market in LAMEA.
Based on solution, the positive train control segment contributed to nearly two-thirds of the global train control management system market revenue in 2019, and is projected to dominate 2027. This is due to its ability to map train collisions over speed derailment and other potential dangerous situations. On the other hand, integrated train control segment would exhibit the fastest CAGR of 12.2% from 2020 to 2027. Advantages offered such as enhanced safety & throughput, and its robust & cost-effectiveness drive the growth of the segment.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/2337
Leading train operating companies and equipment & systems manufacturers are signing contract for installation of advanced system in the vehicle control units systems. For instance, on June 2020, Virgin Trains USA, a train operating company, signed contract with Wabtec, an equipment and system company, for the implementation of train control and signaling systems on the rail corridors between Miami and West Palm Beach and from Palm Beach to Orlando. In addition, supportive government initiatives for the development of vehicle control unit sector in Mexico are driving the adoption of vehicle control units, thereby propelling the growth of market. For instance, the 90bn-peso (US$4bn) Mexico City-Toluca line, on which the government started working in 2014, will go from Observatorio metro station and run to Toluca, by crossing the Santa Fe business district.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐๐,
๐๐ข๐๐ฆ๐๐ง๐ฌ,
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๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐,
๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง,
๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ,
๐๐ง๐จ๐ซ๐ซ-๐๐ซ๐๐ฆ๐ฌ๐,
๐๐ฅ๐ฌ๐ญ๐จ๐ฆ,
๐๐ก๐๐ฅ๐๐ฌ ๐๐ซ๐จ๐ฎ๐ฉ,
๐๐๐๐๐๐๐, ๐๐๐.
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