According to a research report “Automatic Train Control Market by Automation (GoA 1, GoA 2, GoA 3, GoA 4), Service (Consulting, Integration & Deployment), Train Type (Urban (Metro & High-Speed Trains), Mainline (Passenger & Freight Trains)), and Region – Global Forecast to 2023″, The global ATC market size is expected to grow from $2.2 in 2018 to $3.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period. Major driving factors for the ATC market are population explosion and hyper urbanization, technological advancements targeting passenger convenience, and emerging trend of smart cities.
Browse 59 market data Tables and 32 Figures spread through 112 Pages and in-depth TOC on “Automatic Train Control Market – Global Forecast to 2023″
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57153711
Europe to account for the largest market size during the forecast period
The region is highly receptive toward advanced technologies, as the European Telecommunications Standards Institute (ETSI) has formed a separate committee to focus on Machine-2-Machine (M2M) communication privacy standardization and high trading standards. Due to the use of advanced mechanical and communication technologies, the region has seen a wide deployment of ATC solutions. The dynamics of the rail industry in Europe is changing rapidly with new freight and passenger management systems. With the region’s extensive rail network and the drive toward modernization and upgradation, the region has witnessed increased deployment of ATC solutions
Major ATC market vendors include Thales (France), Bombardier (Canada), Toshiba (Japan), Alstom (France), Tech Mahindra (India), WSP (Canada), Cisco (US), Hitachi (Japan), GE (US), and Siemens (Germany).
Speak To Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=57153711
Alstom is one of the prominent providers of solutions for passenger transportation, signaling, and control systems for locomotives. Alstom’s ATO is a control system solution, which enables the railway operators by controlling the train speed and monitoring driving regularity. Alstom focuses on inorganic business strategies, such as agreements and partnerships. For instance, in April 2018, Alstom signed an agreement with RATP to provide the ATO system. Alstom would provide the onboard system, which carries out ATO while its radio system transmits data between the train and the ground.
Bombardier is a leading vendor in the ATC market. The company focuses on developing an enhanced product portfolio for the emerging markets and expanding its local footprints. It forged strategic partnerships and alliances with the regional, local players to cater to the market and enter the local industry. The strategic intent of the company is to expand its ATC systems, integrated control systems, computer, relay-based interlocking systems, radio-based rail control and signaling systems, electrical and mechanical systems, and CBTC solution portfolio. Bombardier, in the ATC market, offers the CITYFLO solution, which provides a full range of ATC technologies and operating modes for all urban operations from trams to light rail vehicles, monorails, and high-capacity metros.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra.
630 Dundee Road, Suite 430
Northbrook, IL 60062