Communication-Based Train Control Market by Train Type (Passenger Rail, Freight Rail), by Automation Grade (GoA 1, GoA 2, GoA 3, GoA 4), by By Geography (North America), by Europe (Russia, Germany, France, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Communication-Based Train Control Market size was valued at USD 7.46 USD Billion in 2023 and is projected to reach USD 13.38 USD Billion by 2032, exhibiting a CAGR of 8.7 % during the forecast period. Communication-Based Train Control or CBTC is a new-generation railway signalling technology that integrates the continuous transmission of data between the trains and the track facilities through wireless media. CBTC systems are categorized mainly into three types: In this context, the three aspects are semi-automatic train operation (STO), driverless train operation (DTO) and unattended train operation (UTO). They are the train positioning, speed, and protection which include the positioning of the train in real-time, the control of the train’s speed, and the automatic train protection system. These systems maximize the use of track and increase security, while at the same time minimizing the chances of a crash or human error. CBTC has been used considerably in urban transit systems, high-speed railways, and metro networks, which have significant advantages. It enhances operations because it leads to an increase in the train frequencies, thus decreasing the headways and thus increasing the passenger carrying capacity. Secondly, CBTC improves safety by performing constant surveillance and eliminating risks using programmed action.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.7% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.7% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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