“Global Train Communication Gateways Systems Market to reach a market value of USD 868.5 Million by 2031 growing at a CAGR of 24.9%”
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.
Canada invests heavily in expanding and modernizing its railway infrastructure to accommodate growing passenger and freight transportation needs. Consequently, the North America market generated a revenue of USD 55,252.92 Thousands in 2023. Railway operators in North America are increasingly investing in modernizing their communication infrastructure to enhance safety, efficiency, and passenger experience. Therefore, these aspects will lead to increased demand in the segment.
Railway transportation is inherently complex, involving the coordination of numerous moving parts, including trains, track infrastructure, signaling systems, and personnel. In such a dynamic environment, communicating effectively and rapidly is essential to maintaining safe operations. Hence, these factors will boost the demand for train communication gateways systems in the coming years.
Additionally, Railway regulatory bodies worldwide impose stringent standards and regulations to uphold safety, efficiency, and interoperability within rail networks. These regulations encompass various aspects of railway operations, including track maintenance, signaling systems, rolling stock, and communication technologies. Thus, these aspects will help in the expansion of the market.
However, the initial cost outlay required for deploying train communication gateway systems can be prohibitive for railway operators, especially considering the extensive infrastructure investments and operational expenses already incurred. Procuring hardware, software licenses, installation, and integration costs contribute to these projects' substantial upfront capital expenditure. Hence, these factors can lead to reduced demand for train communication gateways systems.
Based on product type, the market is segmented into wire train bus gateways, multifunction vehicle bus (MVB) gateway, and others. The multifunction vehicle bus (MVB) gateway segment held a 64% revenue share in the market in 2023. Adopting advanced train control systems, such as ETCS (European Train Control System) and CBTC (Communication-Based Train Control), has necessitated the deployment of sophisticated communication gateways to facilitate seamless integration and interoperability. Thus, these factors will fuel the demand in the segment.
On the basis of application, the market is divided into conventional railways and rapid transit railway. In 2023, the rapid transit railway segment witnessed a 39.2% revenue share in the market. The global increase in population and urbanization has led to a heightened need for public transportation systems that operate efficiently. As per the data from the Eurostat, in 2021, broadly similar shares of the EU population were living in predominantly urban regions (40.5 %) and intermediate regions (38.7 %), while the remaining fifth (20.8 %) of the EU population lived in predominantly rural regions.
Free Valuable Insights: Global Train Communication Gateways Systems Market size to reach USD 868.5 Million by 2031
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific segment acquired a 27.2% revenue share in the market. The Asia Pacific region has witnessed extensive investments in railway infrastructure, with governments and private investors funding the construction of new rail lines, high-speed rail networks, and urban mass transit systems. This infrastructure expansion has created a substantial demand for train communication gateways systems to support these networks' efficient and reliable operation. Thus, the segment will expand rapidly in the upcoming years.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 149.5 Million |
| Market size forecast in 2031 | USD 868.5 Million |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 24.9% from 2024 to 2031 |
| Number of Pages | 203 |
| Number of Tables | 250 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product Type, Application, Region |
| Country scope |
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| Companies Included | Advantech Co., Ltd., Siemens AG, General Electric Company, AMiT, spol. s r.o., Duagon AG, SYS TEC electronic AG, Quester Tangent Corporation, HaslerRail AG, INGETEAM, S.A., EKE-Electronics Ltd (EKE-Finance Ltd.) |
By Application
By Product Type
By Geography
This Market size is expected to reach $868.5 million by 2031.
Growing Focus on Safety Enhancement Imperatives are driving the Market in coming years, however, Concerns About Cost and Roi Considerations restraints the growth of the Market.
Advantech Co., Ltd., Siemens AG, General Electric Company, AMiT, spol. s r.o., Duagon AG, SYS TEC electronic AG, Quester Tangent Corporation, HaslerRail AG, INGETEAM, S.A., EKE-Electronics Ltd (EKE-Finance Ltd.)
The expected CAGR of this Market is 24.9% from 2024 to 2031.
The Conventional segment is leading the Market by Application in 2023 thereby, achieving a market value of $511 million by 2031.
The North America region dominated the 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.
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