Train Control and Management Systems Market Growth And Consumption 2017 - 2025 - Credence Research
According to the latest report published by Credence Research, Inc. “ Train Control and Management Systems (TCMS) Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global train control and management systems market was valued at US$ 2.23 Bn in 2016, and is expected to reach US$ 4.44 Bn by 2025, expanding at a CAGR of 7.8% from 2017 to 2025. Market Insights The global train control and management systems market is majorly governed by increasing demand for faster yet safe transport and transit systems. Rising population, growing urbanization, rising need for rapid commutation systems and consequent gradual up-gradation of transport systems significantly contribute to high demand for train control and management systems worldwide. Rising number of inter-state and inter-city fast-route railways further confirms the need for better control systems affirming to the defined safety standards. As TCMS assist in forming centralized control over various train and