Communication-Based Train Control Systems Market Is Predicted To Hit US$ 12.94 Billion By 2033

Communication-Based Train Control Systems Market

The Communication-based Train Control System Industry sales study offers a comprehensive analysis on diverse features including production capacities, Communication-based Train Control System demand, product developments, sales revenue generation and Communication-based Train Control System market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Communication-based Train Control System market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

The global communication-based train control system market is projected to expand at a noteworthy CAGR of 11.46% and reach a valuation of US$ 12.94 billion by 2033, up from US$ 4.29 billion in 2023.

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The readability score of the Communication-based Train Control System market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Communication-based Train Control System market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Communication-based Train Control System along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Communication-based Train Control System market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.

Key Companies Profiled

  • Alstom
  • Thales Group
  • Wabtec Corporation
  • Mitsubishi Electric
  • Hitachi
  • Siemens Mobility, Inc
  • ABB
  • Toshiba
  • WAGO Corporation

Competitive Landscape

Key players in the communication-based train control system market are focusing on collaborations, acquisitions, investments, and technological innovations to gain market share.

  • Siemens Mobility acquired Sqills, a Dutch business that is a major provider of cloud-based inventory management, in August 2021. This acquisition allows Siemens to provide software and digital products in the transport segment of Siemens Mobility globally.
  • Siemens Mobility was awarded a contract in August 2021 to create, carry out, and operate the first communication-based train control system for Malaysia and Singapore cross-border trains.
  • Hitachi Rail STS (Ansaldo) acquired the Thales Group’s Ground Transportation System division in August 2021. Hitachi Rail anticipates growth as a result of this agreement by broadening the scope of its rail signaling systems business and expanding its rail automation systems business globally.
  • KEOLIS SA and Mitsubishi Heavy Industries Engineering Ltd (MHI-ENG) announced the creation of a consortium (“the Consortium”) and the agreement of a 15-year deal with Dubai’s Roads & Transport Authority (RTA) to manage and upkeep the city’s world-class driverless metro and tram networks in March 2021.
  • Alstom, a French multinational rolling stock maker, announced the complete acquisition of Bombardier Transportation in January 2021. Alstom benefits from the plan as it expands its product line and provides greener and smarter transportation.

Key Segments of CBTC System Industry Research

  • By Train Type :
    • Metros
    • High-speed Trains
  • By Type :
    • Basic CBTC
    • I-CBTC
  • By Automation Grade :
    • GoA1
    • GoA2
    • GoA3
    • GoA4
  • By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific & China
    • Middle East & Africa

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