Automotive and Transportation Train Control Management System Market Report | Page 2

Train Control Management System Market
Train control management system market is projected to reach $4.9 billion by 2023, according to P&S
Intelligence.
The market is predominantly driven by rapid urbanization, increasing demand for safety and security in railway
systems, infrastructural growth, and advancements in the rail technology.
Insights into market segments
On the basis of component, the train control management system market has been categorized into vehicle
control unit, mobile communication gateway, human–machine interface (HMI), and others. In terms of value, the
category of vehicle control units held the largest market share in 2017 and is poised to continue dominating the
market in the coming years as well. However, the fastest growth in the market during the forecast period is
expected from the mobile communication gateway category. This can be attributed to enhanced safety and
security, better operational efficiency, and on-board video surveillance facilitated by mobile communication
gateway.
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