Automotive and Transportation Train Control Management System Market Report | Page 3

Train Control Management System Market
Globally, Europe led the train control management system market during the historical period, accounting for
over 45% revenue in 2017. The region is expected to continue leading the market in the coming years as well.
However, during the forecast period, the market is expected to witness the fastest growth in the Rest of the
World (RoW) region, primarily due to the increasing urban population in the developing countries of the region,
which, in turn, is generating the demand for rapid public transit systems.
Advancements in the rail technology are driving the growth of the train control management system market
With the world being rapidly transformed by technological advancements, conventional mass transit systems,
particularly railways, are also being affected. Conventional railways are phasing out gradually, especially in
developed countries, and are being replaced by high-speed trains and metros. The introduction of rapid mass
transit systems, such as metros and subways, has led to the demand for control and maintenance systems that
can manage the system operation in these railways, in addition to keeping the passengers updated about their
journey through data monitoring and utilization. The new technologies have made the railways more reliable
and comfortable, thus enhancing the passenger experience. Besides, these advancements have helped prevent
accidents or casualties through operation monitoring and data transmission, thereby making the railways safer.
Hence, technological advancements are expected to continue driving the growth of the train control
management system market in the coming years.
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