Communication-Based Train Control Market

Communication-Based Train Control Market

Growth Factors of Communication-Based Train Control Market

The communication-based train control market size was valued at USD 7.46 billion in 2022, and the market is now projected to grow from USD 8.05 billion in 2023 to USD 14.47 billion by 2030, exhibiting a CAGR of 8.7% during the forecast period of 2023-2030.

The innovative technology is pivotal for improving rail transit effectiveness and safety. It has encountered substantial hurdles raised from multifaceted challenges caused by the pandemic. During COVID-19 pandemic, the disrupted supply chain has negatively affected the communication-based train control (CBTC) market growth. Lockdown measures imposed by governments worldwide intended to restrain the spread of the virus has reduced demand for the service. The construction activities had encountered barriers because these restrictions hampered on-site work. The stringent restrictions forced on movement, gatherings, and non-essential activities led to the postponement and slowdown of various building assignments.

The communication-based train control market share globally has increased because of the government initiatives and rapid urbanization. Since cities are growing as the population, the desire and requirement for effective, secure, and dependable transportation systems arises. The promising urban areas result in increasing logistic demands propelling the market growth. The increasing investments and backing up by various governments for improving the transportation infrastructure stand as essential thrust, boosting the CBTC market progress. Organizations across various regions are allocating funds toward developing advanced signaling systems to enhance safety and capacity within railway networks. Developed countries prioritize transportation infrastructure development to lessen congestion and boost mobility.

The trend is rising adoption of unattended train operations is impelling the market growth. The CBTC systems are progressively becoming integral to Unattended Train Operations (UTO). It is a technology that facilitates trains to function without onboard drivers. The growth of UTO signifies a greater intensity of automation and utilizing CBTC's functionalities to accurately control and supervise trains. By employing advanced technology, it can bolster the operational efficiency and potentially elevate safety within the rail system.

Comprehensive Analysis of Communication-Based Train Control Market

The communication-based train control market and automotives industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional estimation considering the dominant supply and demand forces that impact the automotives industry. These segmentations are methodically segregated by types of train type and automation grade. The train types include passenger rail and freight rail. However, the automation grades are such as GoA 1, GoA 2, GoA 3, and GoA 4.

The North American region is conducive to the global communication-based train control market because of the increased expenditure in development and modernization of metropolitan transit systems.

The top players in the market play a critical role in the automotives industry assuring industrial prospectus growth and setting market standards. These players include Wabtec Corporation (U.S.), Hitachi Rail Limited (U.K.), Siemens Mobility (Germany), Cisco Systems, Inc.(U.S.), Alstom (France), Nokia (Finland), Huawei Technologies Co., Ltd (China), Belden Inc. (U.S.), Thales Group (France), and Network Rail Limited (U.K.), these market players present a level-playing competitive landscape.

In November 2023, Alstom made an announcement for setting up a next-generation CBTC signaling system on the Paris network. The company obtained a contract of approximately USD 327 million to develop and install the NExTEO signaling system on France's fast transit network and hybrid rail.

Segmentation Table

Global Communication-Based Train Control Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 8.7% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Train Type

Passenger Rail

Freight rail

By Automation Grade

GoA 1

GoA 2

GoA 3

GoA 4

By Geography

North America (By Train Type, By Automation Grade)

• U.S. (By Automation Grade)
• Canada (By Automation Grade)
• Mexico (By Automation Grade)

Europe (By Train Type, By Automation Grade)

• Russia (By Automation Grade)
• Germany (By Automation Grade)
• France (By Automation Grade)
• Rest of Europe (By Automation Grade)

Asia Pacific (By Train Type, By Automation Grade)

• China (By Automation Grade)
• India (By Automation Grade)
• Japan (By Automation Grade)
• South Korea (By Automation Grade)
• Rest of Asia Pacific (By Automation Grade)

Rest of World (By Train Type, By Automation Grade)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.