According to a new report, published by KBV research, The Global Train Communication Gateways Systems Market size is expected to reach $868.5 million by 2031, rising at a market growth of 24.9% CAGR during the forecast period.
Cybersecurity threats have necessitated implementing robust security measures in train communication gateway systems. Railway networks and critical infrastructure are prime targets for cyberattacks aimed at disrupting operations or compromising passenger safety. Consequently, there is a growing emphasis on implementing end-to-end encryption, intrusion detection systems, and secure communication protocols to safeguard against cyber threats and ensure the integrity of data transmitted across the network.
The Conventional segment is leading the Global Train Communication Gateways Systems Market by Application in 2023 thereby, achieving a market value of $511 million by 2031. Conventional railways often benefit from extensive existing infrastructure, including tracks, signaling systems, and stations. As a result, railway operators may prioritize investments in communication gateways systems to modernize and optimize existing infrastructure, rather than investing in entirely new high-speed rail networks. Therefore, these factors will help in the expansion of the segment.
The Wire Train Bus Gateways segment is anticipated to have a CAGR of 25.4% during (2024 - 2031). With the increasing complexity and sophistication of onboard train systems, there is a growing demand for robust communication solutions that can seamlessly integrate diverse onboard components and systems. Wire train bus gateways serve as the backbone of onboard communication networks, facilitating the exchange of data between different subsystems such as propulsion, braking, HVAC, and passenger information systems. Hence, owing to these factors, the segment will witness increased demand in future.
Full Report: https://www.kbvresearch.com/train-communication-gateways-systems-market/
The North America region dominated the Global Train Communication Gateways Systems Market by Region in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $308.6 million by 2031, growing at a CAGR of 24.3 % during the forecast period. The Europe region is exhibiting a CAGR of 24.4% during (2024 - 2031). Additionally, The Asia Pacific region would experience a CAGR of 25.5% during (2024 - 2031).
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