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(IT-NEWSWIRE.COM, August 14, 2018 ) North America Market is expected to maintain its leading position for the next five years owing to the increasing global downstream demand for Train Control & Management System (TCMS).
Over the next five years, the research study projects that Train Control & Management System (TCMS) Market will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
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These systems are conceived for use in distributed configurations, minimizing the wiring, and may be connected both by means of TCN protocol in accordance with IEC 61.375-X: MVB, CCN, ECN, WTB, ETB and other bus protocols.
The conception of the vehicle control electronics (VCU) is carried out fulfilling the requirements demanded by railway standards and covers all needs for control, monitoring and communications of any kind of rolling stock, from LRVs, EMUs and locomotives to high-speed locomotives.
The global leading players in TCMS market are Alstom SA, Bombardier, Siemens AG, Hitachi Ltd. and Mitsubishi Electric, which accounts for 62.90% of total production value.
Despite the presence of competition problems, due to the global recovery trend is clear, the rising disposable income and customer’s expectations for high efficiency and safety of transportation, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.
This report presents a comprehensive overview, market shares, and growth opportunities of Train Control & Management System (TCMS) market by product type, application, key manufacturers and key regions.
To calculate the TCMS market size, the research study considers value and volume generated from the sales of the following segments. The segmentation by product type are CBTC, PTC and Integrated Train Control. Also, the segmentation by application are Metros, High-Speed Trains and Normal Trains.
The report also presents the TCMS market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report such as Alstom SA, Bombardier, Siemens AG, Hitachi Ltd., Mitsubishi Electric, Strukton Rail, Wabtec Corporation, Selectron Systems, Toshiba, Thales Group, CAF and EKE-Electronics.
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In addition, this TCMS market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Related Report:
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Read More: https://www.researchbeam.com/global-automotive-powertrain-by-manufacturers-regions-type-and-application-forecast-to-2023-market?utm_source=RR-OPR&utm_medium=CC
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