How Is The Global Train Communication Gateway Systems Market Defined?
Train communication gateway systems refer to systems used in railway vehicles to facilitate communication between various onboard systems, subsystems, and external networks. These gateways serve as interfaces, enabling data exchange, control, and monitoring functions among different components within the train. The train communication gateway systems allow safe, reliable, and efficient train operations by facilitating communication, control, and monitoring onboard systems while ensuring interoperability, security, and compliance with industry standards.
Train Communication Gateway Systems Global Market Report 2024 provides data on the global train communication gateway systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Train Communication Gateway Systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Train Communication Gateway Systems Market Size And Annual Growth Rates?
The train communication gateways systems market size has grown exponentially in recent years. It will grow from $0.10 billion in 2023 to $0.13 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to increasing urbanization, aging infrastructure, government regulations, increasing passenger expectations, and focus on safety and security. The train communication gateways systems market size is expected to see exponential growth in the next few years. It will grow to $0.32 billion in 2028 at a compound annual growth rate (CAGR) of 24.7%. The growth in the forecast period can be attributed to smart transportation initiatives, electrification of railways, expansion of high-speed rail networks, and demand for passenger comfort and experience. Major trends in the forecast period include increasing use of software-defined networking, adoption of advanced encryption techniques for cybersecurity, rise of platform-as-a-service (PaaS) models, and integration of voice recognition technology.
Which Key Drivers Are Propelling The Train Communication Gateway Systems Market's Growth?
The growing electrification of railways is expected to propel the growth of the train communication gateway system market going forward. Electrification of railways involves converting diesel-powered train systems to operate using electricity, typically through overhead lines or third rails. The electrification of railways is growing due to increased energy efficiency, reduced emissions, improved performance, and support for advanced technologies, aligning with global sustainability efforts and modernization in transportation. Electric trains necessitate sophisticated communication systems for efficiently managing power distribution, traction control, and other onboard functions, with train communication gateway systems crucially facilitating communication between electrified train components to ensure smooth operation and optimize energy consumption. For instance, in February 2024, according to Eurostat, a Luxembourg-based intergovernmental statistical organization, the number of railcars powered by electricity in France rose to 7113, an increase from 7081 in 2021 and 6908 in 2020. Therefore, the growing electrification of railways will drive the growth of the train communication gateway systems market in 2023, 2024, and projected to continue into 2028.
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What Are The Key Segments Within The Global Train Communication Gateway Systems Market?
The train communication gateway systems market covered in this report is segmented –
1) By Offering: Solution, Services
2) By Product Type: Multifunction Vehicle Bus (MVB) Gateway, Wire Train Bus Gateways, Other Product Types
3) By Application: Conventional Railway, Rapid Transit Railway
How Are New Trends Impacting The Size Of The Train Communication Gateway Systems Market?
Companies in the train communication gateway systems market are focused on developing wireless communication infrastructure, such as future railway mobile communication systems, to improve rail network safety, efficiency, and connectivity. These systems facilitate wireless communication between trains, trackside equipment, and control centers. For example, in September 2022, Huawei Technologies Co., Ltd., a China-based digital communications technology firm, launched the Future Railway Mobile Communication System (FRMCS) solution. This solution is designed to enhance train operational efficiency and safety by enabling wireless services for train control, dispatch, railway operations and maintenance (O&M), and the Internet of Things (IoT). It supports new services like locomotive status monitoring, train operation tracking, and visualized dispatch of O&M personnel, improving fault prediction accuracy and operational efficiency.
Which Region Drives The Highest Growth In The Train Communication Gateway Systems Market?
North America was the largest region in the train communication gateway systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the train communication gateway systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
