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Communication-Based Train Control Market Share

  • Report ID: GMI8206
  • Published Date: Feb 2024
  • Report Format: PDF
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Communication-Based Train Control Market Share

Siemens AG and Thales Group hold a significant market share of over 15% in the communication-based train control industry. Companies in the communication-based train control industry employ several key strategies to enhance their market foothold. Thales Group invests heavily in research & development to improve its communication-based train control technology and provide creative solutions adapted to the changing demands of train operators. Their focus is on creating next-generation communication-based train control systems that support the overall market.
 

Siemens forms strategic collaborations and alliances with rail operators, infrastructure suppliers & technology firms to co-develop and deploy communication-based train control solutions. It collaborates on pilot projects, research activities, and technological demos to highlight communication-based train control’s benefits & accelerate market adoption.
 

Communication-Based Train Control Market Companies

Major companies operating in the communication-based train control industry are:

  • Alstom
  • CAF Signaling
  • Cisco Systems
  • Hitachi Rail
  • Nokia
  • Siemens AG
  • Thales
  • Toshiba
  • WAGO Corporation
  • Westinghouse Air Brake
Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of communication-based train control reached USD 1.7 billion in 2023 and is set to witness 7.5% CAGR from 2024 to 2032, due to increasing urbanization and population expansion with the spurring travel demand.

The metros segment accounted for a market share of around 51% in 2023, owing to their usage in major cities with high passenger traffic, requiring frequent and dependable rail service. Metros offer lower maintenance costs and enhanced operating efficiency.

North America held a market share of over 41% in 2023, backed by the growing urban populations that require efficient and dependable transportation options, along with improved safety features of communication-based train control.

Alstom, CAF Signaling, Cisco Systems, Hitachi Rail, Nokia, Siemens AG, Thales, Toshiba, WAGO Corporation, and Westinghouse Air Brake.

Communication-Based Train Control Market Scope

  • Communication-Based Train Control Market Size
  • Communication-Based Train Control Market Trends
  • Communication-Based Train Control Market Analysis
  • Communication-Based Train Control Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 20
    • Tables & Figures: 250
    • Countries covered: 22
    • Pages: 220
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