Automatic Train Control Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Automatic Train Control Market: Snapshot
Automatic train control (ATC) has gained groundswell of attention among governments who are keen on promoting high-speed rail projects. The locomotive technology itself has come a long way ahead. The developed and the developing world has seen a spate of high-volume PPP investments for developing locomotive with better safety and automation features. These developments have formed as a groundwork for ATC systems.
The automatic train control (ATC) market is thus expected to gain a substantial impetus from the growing support by governments in taking high-speed rail projects to completion. A significant push has come rapid strides being made in modernizing of the railway transportation infrastructure. The growing penetration of high-speed train control technology in Asian nations and parts of Europe are propelling growth prospects for the technologies in the ATC.
Various technological frameworks have come to the fore and pilot projects are being conducted to test the feasibility of these in certain routes. This is especially crucial for trains moving at and above 200 km/hr. Advances made in automatic brake systems are key to improving the safety parameters in high-speed trains. Further, engineers are constantly researching on advancing the high-speed-ATC designs to meet the criteria of automation in real conditions.‘
Growing focus of nations on adopting smart city infrastructures is a key accelerant for modernizing of locomotives and railways. The sheer pace of urbanization and the automation in transportation are key trends bolstering the expansion of the ATC market. Automation has helped reduce human errors, minimize the chances of accidents considerably, and ease the maintenance of railway assets. All these benefits are increasingly being realized in ATC systems.
Some of the key players in the Automatic train control (ATC) are eyeing enormous revenue streams in the U.K., India, and China. The growth has been fueled by massive governments’ support.
Global Automatic Train Control Market: Overview
The automatic train control market is rising owing to rise in population and urbanization, innovations targeting passenger convenience, and evolving trend of smart cities. The first share of the package of an automatic train control system is automatic train protection (ATP), in which the train is provided by a limit of movement authority (LMA). This depends on the train’s existing speed, its braking competence, and the further distance covered before it stops. The second share of an automatic train control system is automatic train operation (ATO). ATO performs the driving part of the operation. Going through a train-driving manual, the driver will initially needs to start the train, enables its acceleration to the limited speed, slows it where necessary for speed restrictions, and stops at designated stations in the correct location.
Global Automatic Train Control Market: Notable Developments
Some of the recent developments that may influence the contours of the automatic train control market in a big way are:
This system is directly associated to the ground and on-board system devices. Moreover, growing self-governing technology in metro train is also projected to foster the global automatic train control market in the forthcoming year.
Some of the most prominent competitors operating in the competitive landscape of global automatic train control market include –
Global Automatic Train Control Market: Drivers and Restraints
Increased government support in Terms of Funds paves way for New Frontiers
As stated by an analyst of TMR that trains are the comparatively less polluting mode of transportation also across the globe governments are concentrating on improve the train transport systems. The rising government support through providing funds, for the producing of technologically advanced trains, is helping the global automatic train control market significantly. The growing requirement for pollution reduction and growing demand for safety are other essential factors that are driving the global automatic train control market considerably.
High Initial Investments to Hamper Market
With innovations, the future of the global automatic train control market looks bright. Nevertheless, the high initial investments and necessity for regular maintenance may restrain the growth of the global automatic train control market in the coming years. However, the rising uptake of autonomous trains in heavily populated Asian economies, like China and India, is expected to keep the automatic train control market running smooth in the forthcoming years.
Global Automatic Train Control Market: Regional Outlook
On the geographical front, developing economies are experiencing growing potential in the global automatic train control market. In particular, Asia Pacific is projected to lead the automatic train control market in the forthcoming years. This is due to the higher investments for digital transformation, increasing GDP, and rising implementation of new technologies in Asia Pacific nations. Asia Pacific is interested in quickly investing in technological advancements.
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