Global Railway Management System Market: Key Highlights
Global Railway Management System Market: Key Market Dynamics
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Global Railway Management System Market: Regional Overview
The railway management system market in the Europe region is projected to witness high demand owing to the well-established and developed railway systems. According to the Eurostat, in 2018 rail passenger transport in EU was estimated at 472 billion passengers-kilometers, and was up by 1.5% from previous year. Moreover, adequate technology infrastructure, high adoption if Internet of things (IoT), and growing demand for railway management tools are some of the factors expected to boost the market growth.
Rising disposable income, blooming economy, and rapid urbanization are factors contributing the market growth in Asia-pacific region. Additionally, various government initiatives for bringing about digital transformation and modernization in the region rail network are some other factors expected to surge the market growth. For instance, China has invested USD 456 billion for expanding its urban transportation by 6,000 km by 2020.
Global Railway Management System Market: Key Players Overview
Alstom is of the leading company which offers most efficient digital mobility solutions. The company offers complete range of equipment and service from high-speed trains, metros, trams and e-buses to integrated systems, customized services, infrastructure and signaling and digital mobility solutions. In December 2019, the first line in Denmark has equipped with both European railway traffic management system (ERTMS) trackside, on-board signaling solution and fully integrated with the traffic management system from Alstom.
In 2019, the company generated revenue of USD 98.04 Billion. In May 2018, Siemens was commissioned a contract to supply the Hungarian line Százhalombatta—Pusztaszabolcs. Siemens would provide the train control system, Trainguard 200, including the installation of European Train Control System (ETCS) Level 2 and Radio Block Center (RBC), as well as, 2 electronic signal box types, Trackguard Simis IS. The contract will last till the end of 2020.
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