Communication Based Train Control System Market Size Worth $ 9.14 Billion By 2032 | CAGR: 10.6%

Communication Based Train Control System Market Size Worth $ 9.14 Billion By 2032 | CAGR: 10.6%


The global communication-based train control system market size is expected to reach USD 9.14 billion by 2032, according to a new study by Polaris Market Research. The report “Communication Based Train Control System Market Share, Size, Trends, Industry Analysis Report, By Train Type (Metros and High-Speed Trains); By Type; By Automation Grade; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The capabilities of these systems to assist the continuously surging burden and pressure on train-based transportation by allowing a greater number of trains to operate on the same track while boosting their efficiency and focus of due to technology businesses to develop more advanced and precise features catering to market need are the prominent factors driving the market growth. The rising penetration for retrofitting conventional signaling systems with CBTC technology as a cost-effective approach for enhancing railway operations without any extensive modifications is also expected to create market growth potential shortly.

For instance, in November 2022, Bharat Electronics announced that the company had signed an MoU with DMRC to develop an indigenous communication-based train control system, which will facilitate the several uncrewed operations of trains and metros.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/communication-based-train-control-system-market/request-for-sample

The rapid growth in the technological evolution in the train signaling architecture mainly to provide the precise control of train movements by raising the data transmitted amount to the train coupled with the surging popularity of next-generation control technology to support the automatic driving modes and enhance the training throughput is gaining huge traction in the studied market across the world.

The rapid emergence of virtual balise as an innovative solution that replaces physical transponders used in conventional CBTC systems and utilizes train positioning data obtained from onboard sensors and wireless communication to create virtual balises that help eliminate the need for physical infrastructure reduces maintenance costs and provide greater flexibility in managing train control, creating new revenue opportunities for the market players.

Communication Based Train Control System Market Report Highlights

  • The Metros segment held the highest market share in 2022, mainly driven by the global population burden and the need for efficient transportation solutions to meet the rising passenger demands.
  • The basic CBTC segment accounted for the largest market share in 2022 because of its advantageous features, like precise location information and automated functions.
  • The GoA4 segment is anticipated to witness significant growth over the forecast period, mainly due to its growing adoption to reduce operational expenses and its ability to offer the highest level of automation.
  • In 2022, North America dominated the global market, owing to growth in the transportation sector and the availability of several favorable government policies supporting product adoption.
  • The global key market players include Siemens, Thales Group, Huawei Technologies, CAF Signaling, Ansaldo STS, Hitachi Rail STS, Bombardier Transportation, Mitsubishi Electric, Toshiba Infrastructure, Wabtec Corporation, Alstom, Indra Sistemas, Nokia Corporation, ZTE Corporation, Cisco Systems, Teleste Corporation, and Belden Inc.

Polaris Market Research has segmented the communication-based train control system market report based on train type, type, automation grade, and region:

Communication Based Train Control System, Train Type Outlook (Revenue - USD Billion, 2023 - 2032)

  • Metros
  • High-Speed Trains

Communication Based Train Control System, Type Outlook (Revenue - USD Billion, 2023 - 2032)

  • Basic CBTC
  • I-CBTC

Communication Based Train Control System, Automation Grade Outlook (Revenue - USD Billion, 2023 - 2032)

  • GoA1
  • GoA2
  • GoA3
  • GoA4

Communication Based Train Control System, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Communication Based Train Control System Market Report Scope

Report Attributes

Details

Market size value in 2022

USD 3.69 billion

Revenue forecast in 2032

USD 9.14 billion

CAGR

10.6% from 2023 – 2032

Base year

2022

Historical data

2021 – 2022

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Train Type, By Type, By Automation Grade, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Siemens, Thales Group, Huawei Technologies, CAF Signaling, Ansaldo STS, Hitachi Rail STS, Bombardier Transportation, Mitsubishi Electric, Toshiba Infrastructure, Wabtec Corporation, Alstom, Indra Sistemas, Nokia Corporation, ZTE Corporation, Cisco Systems, Teleste Corporation, and Belden Inc

For Specific Research Requirements

Request for Customized Report

License and Pricing

Purchase Report Sections

  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
Request for Discount Pricing