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