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Rising Investments in Railway Infrastructure to Boost Train Control and Management Systems Sales at US$ 5.78 Bn in 2031Expanding Modern Train Fleet to Push Train Control and Management Systems Demand by 1.9x by 2031 NEW YORK, May 18, 2022 /PRNewswire/ -- In the latest study, Fact.MR provides an in-depth analysis on the global train control and management systems market from 2022 to 2031. The survey also uncovers key factors such as recent developments, opportunities, drivers influencing the growth in the market across multiple segments including train type, component, connectivity, and solution type. Fact.MR – A Market Research and Competitive Intelligence Provider: Sales in the global train control and management systems market are expected to create an incremental opportunity of US$ 5.78 Bn by the end of 2031. Governments in various countries are emphasizing on strengthening their railway infrastructure to reduce the travel time and cost of goods transit. For instance, numerous rail infrastructure development projects are being constructed in the U.S. such as California High-speed Rail, Second Avenue Subway, and Red and Purple Line Modernization. As train control and management systems are extensively used in rail infrastructures for enabling virtually monitoring and controlling train sub-systems & functions, such developments are estimated to favor the growth in the market. Driven by this, sales of train control and management systems are projected to reach US$ 4.82 Bn in 2022, rising at a CAGR of 2.1% during the forecast period 2022-2031. For Critical Insights on this Market, Request for More Info at: https://www.factmr.com/connectus/sample?flag=S&rep_id=7323 Increasing introduction of novel trains, such as vacuum tube trains, and maglev trains across the globe. Many countries are purchasing and procuring new trains to increase their train fleet. For instance, India announced its plan of procuring 400 new Vande Bharat trains between 2022 and 2023. This, in addition to growing implementation of stringent regulations regarding passenger safety is estimated to favor the growth in the global train control and management systems market.
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To Gain In-Depth Insights on Train Control and Management Systems Market, Request Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=7323 Competitive Landscape: Key train control and management systems market players are focusing on providing better products & services and adopting new strategies to expand their business scope across the global market. For instance:
Key Companies Profiled by Fact.MR
More Valuable Insights on Train Control and Management Systems Market In the latest study, Fact.MR offers a detailed study on global train control and management systems market for the forecast period of 2022 to 2031. This study also highlights key drivers promoting the sales of train control and management systems through detailed segmentation as follows:
Key Questions Covered in the Train Control and Management Systems Market Report
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