Automatic Train Control Market 2019 To 2026-Expanding Worldwide with Top Players
Posted by nileshdbmr on February 3rd, 2020
Global Automatic Train Control Market is expected to rise from its initial estimated value of USD 2.35 billion in 2018 to an estimated value of USD 5.74 billion by 2026, registering a CAGR of 10.45% in the forecast period of 2019-2026. Increasing urbanization in developing countries is the major factor for the growth of this market.
Automatic train control or ATC combines all the system and functions to ensure the safe operation of the train. They use many different technologies and it mainly has three main system- automatic train supervision, automatic train operation and automatic train protection. The main aim of the ATC is to control the movement of the train so that they can provide safety and security to the passengers.
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Major Market Competitors/Players
Few of the major competitors currently working in the global automatic train control market are Siemens, Thales Group, Bombardier, Cisco, Hitachi, Ltd., GENERAL ELECTRIC, TOSHIBA CORPORATION, Alstom, Tech Mahindra Limited, WSP, Kyosan Electric Mfg. Co., Ltd., MERMEC Inc., Advantech Co., Ltd., MIPRO Electronics, ADLINK Technology Inc.
Global automatic train control market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automatic train control market for global, Europe, North America, Asia-Pacific and South America.
Segmentation: Global Automatic Train Control Market
Key Insights in the report:
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Joined: September 27th, 2019
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