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Siemens AG and Thales Group hold a significant market share of over 15% in the communication-based train control industry. Companies in the communication-based train control industry employ several key strategies to enhance their market foothold. Thales Group invests heavily in research & development to improve its communication-based train control technology and provide creative solutions adapted to the changing demands of train operators. Their focus is on creating next-generation communication-based train control systems that support the overall market.
Siemens forms strategic collaborations and alliances with rail operators, infrastructure suppliers & technology firms to co-develop and deploy communication-based train control solutions. It collaborates on pilot projects, research activities, and technological demos to highlight communication-based train control’s benefits & accelerate market adoption.
Major companies operating in the communication-based train control industry are:
The metros segment accounted for a market share of around 51% in 2023, owing to their usage in major cities with high passenger traffic, requiring frequent and dependable rail service. Metros offer lower maintenance costs and enhanced operating efficiency.
The market size of communication-based train control reached USD 1.7 billion in 2023 and is set to witness 7.5% CAGR from 2024 to 2032, due to increasing urbanization and population expansion with the spurring travel demand.
North America held a market share of over 41% in 2023, backed by the growing urban populations that require efficient and dependable transportation options, along with improved safety features of communication-based train control.
Alstom, CAF Signaling, Cisco Systems, Hitachi Rail, Nokia, Siemens AG, Thales, Toshiba, WAGO Corporation, and Westinghouse Air Brake.