The global train protection ATP system market is anticipated to grow at a CAGR of 3.1% during the forecast period (2022-2028). With the increase in the number of train passengers, especially high-speed trains, improvements in rail transport safety have become increasingly important. The future railway ecosystem should provide solutions to meet local resource needs with advanced services, regardless of the number of steps required to reach a destination or distance traveled. Improved train management and sign-up systems provide all gears for monitoring and safe operation of the railway network and efficient use of infrastructure capacity. The sign-in system is complex and includes several tangible assets in railways, trains, and remote control centers, all of which need to be connected. The increase in demand for rail transport and the rapid development are expected to further the train protection ATP system market.
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In addition, private trains are monitored by communication-based train control technology that supports communication between the device on the tracks and trains to control the flow of trains. This technology allows for detailed identification of bogey alignment, train locations, and stability tracking and ensures improved safety and greater efficiency for the device and passengers. Private trains run at high speeds and can transport a large number of passengers and goods faster than road transport. Moreover, automation on trains can greatly improve the efficiency of train operating costs as both train drivers and train operators can be replaced by independent technology. Additionally, with the growth of the adoption of advanced technology and infrastructure development, a large portion of the globe population is expected to be urban. In the rapidly changing world, the transportation system is also predicted to be more efficient, with no human error choices. Therefore, railway automation is expected to create significant market growth opportunities for the train protection ATP system market.
Some major players in the market include AZD Praha, Beijing Traffic Control Technology Co., Ltd, Bombardier Transportation, CAF, Siemens, STARTECH FZC, and Thales group, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2021, Hitachi railway acquired Thale’s Ground Transportation Systems business with a value of 1660 million euros. In addition, the plan will help the Hitachi train business reach $ 9.2 billion in revenue by 2026 faster as a service to offer.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- AZD Praha, Beijing Traffic Control Technology Co., Ltd, Bombardier Transportation, CAF, Siemens, STARTECH FZC, and Thales group, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Train Protection ATP System Market Report by Segment
By Type
- Conventional ATP
- Digital ATP
By Application
- Urban Traffic
- Crosstown Traffic
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