Global Communications-Based Train Control (CBTC) Market Growth (Status and Outlook) 2023-2029

Global Communications-Based Train Control (CBTC) Market Growth (Status and Outlook) 2023-2029

Communications-based train control (CBTC) is a railway signaling system that makes use of the telecommunications between the train and track equipment for the traffic management and infrastructure control. By means of the CBTC systems, the exact position of a train is known more accurately than with the traditional signaling systems. This results in a more efficient and safe way to manage the railway traffic. Metros (and other railway systems) are able to improve headways while maintaining or even improving safety.
LPI (LP Information)' newest research report, the “Communications-Based Train Control (CBTC) Industry Forecast” looks at past sales and reviews total world Communications-Based Train Control (CBTC) sales in 2022, providing a comprehensive analysis by region and market sector of projected Communications-Based Train Control (CBTC) sales for 2023 through 2029. With Communications-Based Train Control (CBTC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Communications-Based Train Control (CBTC) industry.
This Insight Report provides a comprehensive analysis of the global Communications-Based Train Control (CBTC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Communications-Based Train Control (CBTC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Communications-Based Train Control (CBTC) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Communications-Based Train Control (CBTC) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Communications-Based Train Control (CBTC).
The global Communications-Based Train Control (CBTC) market size is projected to grow from US$ 1791.3 million in 2022 to US$ 2636.1 million in 2029; it is expected to grow at a CAGR of 5.7% from 2023 to 2029.
The main companies of global communications-based train control (CBTC) include Alstom SA, CRSC, BJ-TCT, etc. These top 3 companies hold a market share about 80%. Asia-Pacific is the largest market, with a share about 40%, followed by Europe and North America with the share about 30% and 20%.In terms of product, basic CBTC is the largest segment, with a share over 30%. And in terms of application, the largest application is passenger and freight rail system, followed by city metro system.
This report presents a comprehensive overview, market shares, and growth opportunities of Communications-Based Train Control (CBTC) market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Basic CBTC
I-CBTC
Segmentation by application
City Metro System
Passenger and Freight Rail System
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Alstom SA
CRSC
BJ-TCT
Siemens AG
Hitachi Ltd.
Mitsubishi Electric
Nippon Signal
UniTTEC
Wabtec Corporation
Toshiba

Please note: The report will take approximately 2 business days to prepare and deliver.