Edit Content
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Positive Train Control Market to reach USD xxx billion by the end of 2029.

Global Positive Train Control Market Size study & forecast, by Train Type (Metros & High-Speed Train, Electric Multiple Unit, Diesel Multiple Unit) By Component (Vehicle Control Unit, Mobile Communication Gateway, Human Machine Interface, Others) and Regional Analysis, 2022-2029

Product Code: ALTAE-36119020
Publish Date: 1-04-2023
Page: 200

Global Positive Train Control Market is valued at approximately USD xxx billion in 2021 and is anticipated to grow with a healthy growth rate of more than xxx% over the forecast period 2022-2029. Positive Train Control uses advanced technology to monitor train movements and automatically stop a train if it is at risk of colliding with another train or if it is traveling travelling too fast. The Positive Train Control market is expanding because of factors such as the increase in demand for safety & security while traveling travelling and rapid urbanization.

PTC systems use a combination of GPS, wireless communications, and onboard computers to track trains’ locations and speeds and communicate that information to dispatchers and other trains. Its prevalence has progressively increased during the last few decadesyears. According to the Statista, in 2022, the revenue of the security technology and services market worldwide is expected to reach at USD 172.5 billion. Furthermore, in 2021, the rail transport sector in the U.S. contributed with some USD 42.2 billion to the nation’s gross domestic product. Another important component driving space is rapid urbanization. As per Statista, in 2022, the degree of urbanization worldwide in the world accounts was at 57 perce%nt. Where North America was the region with records the highest level of urbanization, with over among four fifths4 out of 5 of the population residing lives in urban areas. In addition, by 2050, more developed regions of the world will have 86.6% of their populations living in urban areas. Also, rising technological advancements of high-speed rails and increasing Metro and High-Speed Rail Network Networks would create a lucrative growth prospectus for the market over the forecast period. However, the high initial cost of Positive Train Control stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Positive Train Control Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of the fast rail network with public and private players using the rail network for passenger and freight trains. According to the Statista, NSF Railway was the leading U.S. class Class I freight railroad company in 2021, generating just under 23.3 billion U.S. dollars in operating revenue. Europe is expected to grow with a the highest CAGR during the forecast period, owing to factors such as upgraded railway infrastructure and government investments for PTC systems in the market space.

Major market player included in this report are:
Bombardier Inc.,
Siemens AG,
Toshiba Corporation,
Hitachi Ltd.,
Knoor-Bremse AG,
ALSTOM SA,
CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
ABB Ltd
Thales Group,
Aselsan, Aselsan A.Ş

Recent Developments in the Market:
 In March 2021, SelTrac™ Generation 8 is launched, the latest evolution of Thales’ launched the latest evolution of world-leading Communications Based Train Control (CBTC) solution SelTrac™ Generation 8, for urban, metro and light rail networks. Thishe newest features include a new digital architecture, with enhanced services and autonomy capabilities capabilities. Main benefits of the SelTrac™ G8The system includeincludes flexibility and evolution capabilities, relying on the latest technologies to significantly reduce installation and lifecycle costs, while and maintainsing passenger safety.

Global Positive Train Control Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Train Type, Component, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Train Type
Metros & High-Speed Train
Electric Multiple Unit
Diesel Multiple Unit

By Component
Vehicle Control Unit
Mobile Communication Gateway
Human Machine Interface
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Positive Train Control Market, by Region, 2019-2029 (USD Billion)
1.2.2. Positive Train Control Market, by Train Type, 2019-2029 (USD Billion)
1.2.3. Positive Train Control Market, by Component, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Positive Train Control Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Positive Train Control Market Dynamics
3.1. Positive Train Control Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increase in demand for safety &security while traveling.
3.1.1.2. Rapid urbanization
3.1.2. Market Challenges
3.1.2.1. High initial Cost of Positive Train Control
3.1.3. Market Opportunities
3.1.3.1. Rising technological advancements of high-speed rails
3.1.3.2. Increasing Metro and High-Speed Rail Network
Chapter 4. Global Positive Train Control Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Positive Train Control Market, by Train Type
6.1. Market Snapshot
6.2. Global Positive Train Control Market by Train Type, Performance – Potential Analysis
6.3. Global Positive Train Control Market Estimates & Forecasts by Train Type 2019-2029 (USD Billion)
6.4. Positive Train Control Market, Sub Segment Analysis
6.4.1. Metros & High-Speed Train
6.4.2. Electric Multiple Unit
6.4.3. Diesel Multiple Unit
Chapter 7. Global Positive Train Control Market, by Component
7.1. Market Snapshot
7.2. Global Positive Train Control Market by Component, Performance – Potential Analysis
7.3. Global Positive Train Control Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
7.4. Positive Train Control Market, Sub Segment Analysis
7.4.1. Vehicle Control Unit
7.4.2. Mobile Communication Gateway
7.4.3. Human Machine Interface
7.4.4. Others
Chapter 8. Global Positive Train Control Market, Regional Analysis
8.1. Positive Train Control Market, Regional Market Snapshot
8.2. North America Positive Train Control Market
8.2.1. U.S. Positive Train Control Market
8.2.1.1. Train Type breakdown estimates & forecasts, 2019-2029
8.2.1.2. Component breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Positive Train Control Market
8.3. Europe Positive Train Control Market Snapshot
8.3.1. U.K. Positive Train Control Market
8.3.2. Germany Positive Train Control Market
8.3.3. France Positive Train Control Market
8.3.4. Spain Positive Train Control Market
8.3.5. Italy Positive Train Control Market
8.3.6. Rest of Europe Positive Train Control Market
8.4. Asia-Pacific Positive Train Control Market Snapshot
8.4.1. China Positive Train Control Market
8.4.2. India Positive Train Control Market
8.4.3. Japan Positive Train Control Market
8.4.4. Australia Positive Train Control Market
8.4.5. South Korea Positive Train Control Market
8.4.6. Rest of Asia Pacific Positive Train Control Market
8.5. Latin America Positive Train Control Market Snapshot
8.5.1. Brazil Positive Train Control Market
8.5.2. Mexico Positive Train Control Market
8.5.3. Rest of Latin America Positive Train Control Market
8.6. Rest of The World Positive Train Control Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Bombardier Inc.,
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Siemens AG,
9.2.3. Toshiba Corporation,
9.2.4. Hitachi Ltd.,
9.2.5. Knoor-Bremse AG,
9.2.6. ALSTOM SA,
9.2.7. CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
9.2.8. ABB Ltd
9.2.9. Thales Group,
9.2.10. Aselsan, Aselsan A.Ş.,

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now