The global train control management system market is estimated to generate $4.9 billion revenue by 2023, recording a 8.8% CAGR during the forecast period (2018–2023). The factors driving the growth of the market are an increase in the demand for safety and security of trains and passengers, advancements in railway technology, infrastructural development, and rapidly increasing urban population.

Train control management system (TCMS) is a system that acts as a single platform for the control for all train sub-systems. It collects information related to tracking circuits and route setting through signaling. The exchange of information happens at two levels: between the train and control center, and among various systems within a train. Thus, such control solutions enable railway companies to monitor the rail traffic and achieve optimum operational efficiency.

However, due to better operational efficiency, onboard video surveillance features, and enhanced safety and security, the mobile communication category is anticipated to witness the fastest growth during the forecast period. Across the globe, Europe dominated the railway control management system market in 2017 with more than 45.0% revenue share. The expected future scenario is similar, wherein Europe will continue dominating the market.Among all the growth drivers of the train control management system market, the increasing demand for safety and security in railway systems is of high significance. Due to advanced technology, high-speed trains and metros are being increasingly preferred across the globe. These travel at higher speeds as compared to traditional trains, often operating at more than 200 kmph. However, with higher speeds, the concern for safety and security also grows. These concerns have increased the need for efficient control and management systems. TCMS helps achieve this through network communication, data transmission, and diagnostics-based maintenance.

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Hence, countries are either upgrading their existing trains or adopting these TCMS solutions for new rapid transit systems. TCMS ensures the safety and security of the passenger, and thus the train control management system market is expected to progress.