Ozone Market Reports projects that the TCMS market size will grow from USD 2.33 Billion in 2017 to USD 3.60 Billion by 2023, at an estimated CAGR of 8.12%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Public transportation offers a range of benefits over private conveyance due to rising concerns about greenhouse gas emissions, fluctuating fuel prices, and traffic congestion. The increasing demand for a high-speed rail transit network is expected to boost the market for TCMS. The TCMS market is also driven by growing population and urbanization in developing countries such as India and China and increasing availability of high-speed communication systems. Further, TCMS increases the efficiency and reliability of trains and shortens their response time by automating the operations of the train and its subsystem and passenger safety. These factors are expected to drive the global TCMS market during the forecast
By Market Players:
Bombardier , Siemens AG , Toshiba Corporation , Mitsubishi Electric Corporation , Hitachi Limited , Knorr-Bremse AG , EKE Finance Ltd. , Alstom , CAF , Strukton , ABB , Thales Group , China Railway Signal & Communication Corporation Limited (CRSC) , Aselsan A.ª , Quester Tangent, , , , , ,
By Product Type:
PTC, CBTC, Integrated Train Control, , ,
EMU, DMU, Metro & High Speed, , ,
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