According to Fact.MR, a market research and competitive intelligence provider, the overall automatic train controller market is expected to be valued at US$ 25 billion by 2031, with CBTC accounting for more than 40% of the market. Furthermore, metro trains are expected to generate a US$ 4.1 billion absolute dollar opportunity from 2021 to 2031.
Trains are the most energy-efficient mode of transportation, consuming around 3% less energy than motorised vehicles, accounting for 9% of global transport energy and freight accounting for 7%. Furthermore, the growing number of rail passengers has created a huge demand for low-cost, time-saving, and safe transportation.
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Communication-based train control systems are widely used in modern trains such as metros, high-speed trains, etc., owing to which, demand has increased substantially in the past half-decade, at 5.3% CAGR.
Continuous capital investments in railway infrastructure development and building rail networks across developing countries are likely to drive demand for communication-based train control systems. South Asia & Oceania and the Middle East and Africa have higher spending on developing metro and fast train infrastructure, and will witness high market growth over the coming years.
Market Segments Covered in Communication-Based Train Control (CBTC) System Industry Analysis
- By Train Type
- CBTC Systems for Metros
- CBTC Systems for High-speed Trains
- By Grade of Automation
- Communication-based Train Control Systems by GoA 1
- Communication-based Train Control Systems by GoA 2
- Communication-based Train Control Systems by GoA 3
- Communication-based Train Control Systems by GoA 4
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Some of the Communication-based Train Control System Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
- Details regarding latest innovations and development in Communication-based Train Control System and how it is gaining customer traction during the forecast period.
- Analysis about the customer demand of the products and how it is likely to evolve in coming years.
- Latest regulations enforced by government bodies and local agencies and their impact on Demand of Communication-based Train Control System Market.
- Insights about adoption of new technologies and its influence on the Communication-based Train Control System market Size.
- Overview of the impact of COVID-19 on Communication-based Train Control System Market and economic disruptions caused by the pandemic.
- Evaluates post-pandemic impact on the Sales of Communication-based Train Control System Market during the forecast period.
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After reading the Market insights of Communication-based Train Control System Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Communication-based Train Control System market revenue.
- Study the growth outlook of Communication-based Train Control System market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Communication-based Train Control System market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of Communication-based Train Control System Market Players.
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