Automatic train control Market Overview
The global Automatic Train Control market is predicted to rise from USD 2.2 billion in 2021 to USD 3.6 billion by 2026, at a Compound Annual rate of growth (CAGR) of 10.3% during the foreseen phase.
Automatic train control (ATC) may be a general class of train protection systems for railways that includes a speed control mechanism in response to external inputs. An automatic train control (ATC) system integrates all the essential and non-essential functions that guarantee the safe operation of trains. The rising number of projects focused on upgrading and constructing freight infrastructures are supporting this business.
Increasing demographic growth, hyper-urbanization, technological advancements for a hike in passenger convenience, and emerging trend of smart cities are expected to drive the worldwide market.
Automatic train control Market Recent Developments:
The Railways will roll out its new signaling system from April 2020 onwards that's supposed to form train travel faster and safer, a senior railways official announced.
The new technology includes trains to run in shorter blocks, which suggests trains can run on a similar track with a minimum distance of just 500 meters between them.
The Indian Railways has announced an automatic train protection system in its entire network of 68,000 km route. The system would initially be published as a pilot program then be launched across India in a phased manner.
An Indian Railways (IR) controller, Kapil Dev, is that specialize in one train — No. 22430, Pathankot-Delhi Superfast Express, which has departed from Karnal station in Haryana.
The Indian Railways has connected its locomotives through ISRO satellites, making it easy to trace trains and automatically feed the control charts about the train's arrival and departure, officially announced.
Drivers and Restraints of Automatic train control:
Increasing government support through initiating funds, for the making of technologically advanced trains, is rising the automated train control market globally. Moreover, the increasing requirement for pollution reduction & growing demand for safety, high demographic growth, hyper-urbanization, technological advancements for rising passenger convenience, and emerging trend of smart cities are other essential factors that are likely to be driving the global automatic train control market over the forecast period.
However, the high initial investments and the necessity for regular maintenance may restrain the expansion of the worldwide automatic train control market over the forecast period.
Automatic train control Market Segmentation:
By Automation Type:
Organizational environments are complex, with multiple IT systems connected to perform the day-to-day operations. Therefore, the newest ATC solutions got to be upgraded in organizations for better rail operations. The support and maintenance services help the developed ATC system within the enterprise's infrastructure. The support and maintenance services comprise 24/7 troubleshooting assistance, up-gradation of the comprehensive solutions, repairing, replacing, technical support, and management of test scenarios. The support and maintenance section also includes inspection of facilities and training and continued support for ATC applications. The support and maintenance services are mainly adopted by companies to avoid threats and protect devices.
The Mainline train comprises passenger trains and freight trains, which include long routes that cover almost every junction of the country. These trains are purposely developed for long ways only. However, mainline trains also are designed with advanced technologies. Most of the railway operators are using ATC for mainline trains because it helps avoid collisions and maintain train routes. As an example, in 2018, Govia Thameslink Railway alongside Network Rail and Siemens has deployed ATO solutions in European Train System (ETCS), which is used on the mainline railway for passenger services. This assist Govia Thameslink Railway helps passenger rail efficiently.
Automatic train control Market Region-wise analysis:
Marked Segmentation based on the region:
a. Middle East
North America constitutes developed economies, such as, the US and Canada, which contribute majorly to the regional automatic train control market. One of the key reasons for its major market share of North America in the early adoption of technologies and the globalization of shared services in this area. The strong financial position of this region enables its countries to take a position heavily in leading ATC solutions and technologies. The main growth drivers for this region are the rising number of projects focused on upgrading and constructing freight infrastructures, and high-speed railway lines. Moreover, with the Rail Safety Improvement Act of 2008 and the corresponding regulations issued by the Federal Railroad Administration (FRA), passenger and important freight railroads were supposed to implement Positive Train Control (PTC) on most major track lines by New Year's Eve, 2018. The Rail Safety Improvement Act of 2008 has raised the deployment of ATC solutions and associated technologies within the US, as these solutions are at the core of PTC.
Europe and the Asia Pacific regions are also estimated to account for a notable growth rate in the automatic train control market in the coming years, owing to the increasing investments by the local governments.
Key Players of Market:
The major key player in the Automatic Train Control market include:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automatic Train Control Market, By Automation
6.1.1 GoA 1
6.1.2 GoA 2
6.1.3 GoA 3
6.1.4 GoA 4
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Automatic Train Control Market, By Service
6.2.2 Integration & Deployment
6.2.3 Support and Maintenance
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automatic Train Control Market, By Train Type
18.104.22.168 High-Speed Trains
22.214.171.124 Freight Trains
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Automation
7.2.3 By Service
7.2.4 By Train Type
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Automation
7.3.3 By Service
7.3.4 By Train Type
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Automation
7.4.3 By Service
7.4.4 By Train Type
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Automation
7.5.3 By Service
7.5.4 By Train Type
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Automation
7.6.3 By Service
7.6.4 By Train Type
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.8 Tech Mahindra
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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