Communications-Based Train Control (CBTC) Market Insights, Global Outlook and Forecast 2022-2028
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Communications-based train control (CBTC) is a railway signaling system that makes use of the telecommunications between the train and track equipment for the traffic management and infrastructure control. By means of the CBTC systems, the exact position of a train is known more accurately than with the traditional signaling systems. This results in a more efficient and safe way to manage the railway traffic. Metros (and other railway systems) are able to improve headways while maintaining or even improving safety.
The latest research study released by Market IntelliX evaluates market size and forecasts of Communications-Based Train Control (CBTC) in Global, including the following market information:
Global Communications-Based Train Control (CBTC) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Communications-Based Train Control (CBTC) market was valued at 1840.4 million in 2021 and is projected to reach US$ 2632.1 million by 2028, at a CAGR of 5.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Basic CBTC Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Communications-Based Train Control (CBTC) include Alstom SA, CRSC, BJ-TCT, Siemens AG, Hitachi Ltd., Mitsubishi Electric, Thales Group, Nippon Signal and UniTTEC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Communications-Based Train Control (CBTC) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Communications-Based Train Control (CBTC) Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Communications-Based Train Control (CBTC) Market Segment Percentages, by Type, 2021 (%)
Basic CBTC
I-CBTC
Global Communications-Based Train Control (CBTC) Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Communications-Based Train Control (CBTC) Market Segment Percentages, by Application, 2021 (%)
City Metro System
Passenger and Freight Rail System
Global Communications-Based Train Control (CBTC) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Communications-Based Train Control (CBTC) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Communications-Based Train Control (CBTC) revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Communications-Based Train Control (CBTC) revenues share in global market, 2021 (%)
The report presents profiles of competitors in the market Some of the prominent key players covered:
Alstom SA
CRSC
BJ-TCT
Siemens AG
Hitachi Ltd.
Mitsubishi Electric
Thales Group
Nippon Signal
UniTTEC
Wabtec Corporation
Toshiba
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Communications-Based Train Control (CBTC) Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Communications-Based Train Control (CBTC) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Communications-Based Train Control (CBTC) Overall Market Size
2.1 Global Communications-Based Train Control (CBTC) Market Size: 2021 VS 2028
2.2 Global Communications-Based Train Control (CBTC) Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Communications-Based Train Control (CBTC) Players in Global Market
3.2 Top Global Communications-Based Train Control (CBTC) Companies Ranked by Revenue
3.3 Global Communications-Based Train Control (CBTC) Revenue by Companies
3.4 Top 3 and Top 5 Communications-Based Train Control (CBTC) Companies in Global Market, by Revenue in 2021
3.5 Global Companies Communications-Based Train Control (CBTC) Product Type
3.6 Tier 1, Tier 2 and Tier 3 Communications-Based Train Control (CBTC) Players in Global Market
3.6.1 List of Global Tier 1 Communications-Based Train Control (CBTC) Companies
3.6.2 List of Global Tier 2 and Tier 3 Communications-Based Train Control (CBTC) Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Communications-Based Train Control (CBTC) Market Size Markets, 2021 & 2028
4.1.2 Basic CBTC
4.1.3 I-CBTC
4.2 By Type - Global Communications-Based Train Control (CBTC) Revenue & Forecasts
4.2.1 By Type - Global Communications-Based Train Control (CBTC) Revenue, 2017-2022
4.2.2 By Type - Global Communications-Based Train Control (CBTC) Revenue, 2023-2028
4.2.3 By Type - Global Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Communications-Based Train Control (CBTC) Market Size, 2021 & 2028
5.1.2 City Metro System
5.1.3 Passenger and Freight Rail System
5.2 By Application - Global Communications-Based Train Control (CBTC) Revenue & Forecasts
5.2.1 By Application - Global Communications-Based Train Control (CBTC) Revenue, 2017-2022
5.2.2 By Application - Global Communications-Based Train Control (CBTC) Revenue, 2023-2028
5.2.3 By Application - Global Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Communications-Based Train Control (CBTC) Market Size, 2021 & 2028
6.2 By Region - Global Communications-Based Train Control (CBTC) Revenue & Forecasts
6.2.1 By Region - Global Communications-Based Train Control (CBTC) Revenue, 2017-2022
6.2.2 By Region - Global Communications-Based Train Control (CBTC) Revenue, 2023-2028
6.2.3 By Region - Global Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Communications-Based Train Control (CBTC) Revenue, 2017-2028
6.3.2 US Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.3.3 Canada Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.3.4 Mexico Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Communications-Based Train Control (CBTC) Revenue, 2017-2028
6.4.2 Germany Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.4.3 France Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.4.4 U.K. Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.4.5 Italy Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.4.6 Russia Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.4.7 Nordic Countries Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.4.8 Benelux Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Communications-Based Train Control (CBTC) Revenue, 2017-2028
6.5.2 China Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.5.3 Japan Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.5.4 South Korea Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.5.5 Southeast Asia Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.5.6 India Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Communications-Based Train Control (CBTC) Revenue, 2017-2028
6.6.2 Brazil Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.6.3 Argentina Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Communications-Based Train Control (CBTC) Revenue, 2017-2028
6.7.2 Turkey Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.7.3 Israel Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.7.4 Saudi Arabia Communications-Based Train Control (CBTC) Market Size, 2017-2028
6.7.5 UAE Communications-Based Train Control (CBTC) Market Size, 2017-2028
7 Players Profiles
7.1 Alstom SA
7.1.1 Alstom SA Corporate Summary
7.1.2 Alstom SA Business Overview
7.1.3 Alstom SA Communications-Based Train Control (CBTC) Major Product Offerings
7.1.4 Alstom SA Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.1.5 Alstom SA Key News
7.2 CRSC
7.2.1 CRSC Corporate Summary
7.2.2 CRSC Business Overview
7.2.3 CRSC Communications-Based Train Control (CBTC) Major Product Offerings
7.2.4 CRSC Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.2.5 CRSC Key News
7.3 BJ-TCT
7.3.1 BJ-TCT Corporate Summary
7.3.2 BJ-TCT Business Overview
7.3.3 BJ-TCT Communications-Based Train Control (CBTC) Major Product Offerings
7.3.4 BJ-TCT Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.3.5 BJ-TCT Key News
7.4 Siemens AG
7.4.1 Siemens AG Corporate Summary
7.4.2 Siemens AG Business Overview
7.4.3 Siemens AG Communications-Based Train Control (CBTC) Major Product Offerings
7.4.4 Siemens AG Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.4.5 Siemens AG Key News
7.5 Hitachi Ltd.
7.5.1 Hitachi Ltd. Corporate Summary
7.5.2 Hitachi Ltd. Business Overview
7.5.3 Hitachi Ltd. Communications-Based Train Control (CBTC) Major Product Offerings
7.5.4 Hitachi Ltd. Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.5.5 Hitachi Ltd. Key News
7.6 Mitsubishi Electric
7.6.1 Mitsubishi Electric Corporate Summary
7.6.2 Mitsubishi Electric Business Overview
7.6.3 Mitsubishi Electric Communications-Based Train Control (CBTC) Major Product Offerings
7.6.4 Mitsubishi Electric Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.6.5 Mitsubishi Electric Key News
7.7 Thales Group
7.7.1 Thales Group Corporate Summary
7.7.2 Thales Group Business Overview
7.7.3 Thales Group Communications-Based Train Control (CBTC) Major Product Offerings
7.7.4 Thales Group Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.7.5 Thales Group Key News
7.8 Nippon Signal
7.8.1 Nippon Signal Corporate Summary
7.8.2 Nippon Signal Business Overview
7.8.3 Nippon Signal Communications-Based Train Control (CBTC) Major Product Offerings
7.8.4 Nippon Signal Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.8.5 Nippon Signal Key News
7.9 UniTTEC
7.9.1 UniTTEC Corporate Summary
7.9.2 UniTTEC Business Overview
7.9.3 UniTTEC Communications-Based Train Control (CBTC) Major Product Offerings
7.9.4 UniTTEC Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.9.5 UniTTEC Key News
7.10 Wabtec Corporation
7.10.1 Wabtec Corporation Corporate Summary
7.10.2 Wabtec Corporation Business Overview
7.10.3 Wabtec Corporation Communications-Based Train Control (CBTC) Major Product Offerings
7.10.4 Wabtec Corporation Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.10.5 Wabtec Corporation Key News
7.11 Toshiba
7.11.1 Toshiba Corporate Summary
7.11.2 Toshiba Business Overview
7.11.3 Toshiba Communications-Based Train Control (CBTC) Major Product Offerings
7.11.4 Toshiba Communications-Based Train Control (CBTC) Revenue in Global Market (2017-2022)
7.11.5 Toshiba Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
List of Tables
Table 1. Communications-Based Train Control (CBTC) Market Opportunities & Trends in Global Market
Table 2. Communications-Based Train Control (CBTC) Market Drivers in Global Market
Table 3. Communications-Based Train Control (CBTC) Market Restraints in Global Market
Table 4. Key Players of Communications-Based Train Control (CBTC) in Global Market
Table 5. Top Communications-Based Train Control (CBTC) Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Communications-Based Train Control (CBTC) Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Communications-Based Train Control (CBTC) Revenue Share by Companies, 2017-2022
Table 8. Global Companies Communications-Based Train Control (CBTC) Product Type
Table 9. List of Global Tier 1 Communications-Based Train Control (CBTC) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Communications-Based Train Control (CBTC) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Communications-Based Train Control (CBTC) Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Communications-Based Train Control (CBTC) Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Communications-Based Train Control (CBTC) Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Communications-Based Train Control (CBTC) Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Communications-Based Train Control (CBTC) Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Communications-Based Train Control (CBTC) Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2023-2028
Table 30. Alstom SA Corporate Summary
Table 31. Alstom SA Communications-Based Train Control (CBTC) Product Offerings
Table 32. Alstom SA Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 33. CRSC Corporate Summary
Table 34. CRSC Communications-Based Train Control (CBTC) Product Offerings
Table 35. CRSC Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 36. BJ-TCT Corporate Summary
Table 37. BJ-TCT Communications-Based Train Control (CBTC) Product Offerings
Table 38. BJ-TCT Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 39. Siemens AG Corporate Summary
Table 40. Siemens AG Communications-Based Train Control (CBTC) Product Offerings
Table 41. Siemens AG Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 42. Hitachi Ltd. Corporate Summary
Table 43. Hitachi Ltd. Communications-Based Train Control (CBTC) Product Offerings
Table 44. Hitachi Ltd. Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 45. Mitsubishi Electric Corporate Summary
Table 46. Mitsubishi Electric Communications-Based Train Control (CBTC) Product Offerings
Table 47. Mitsubishi Electric Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 48. Thales Group Corporate Summary
Table 49. Thales Group Communications-Based Train Control (CBTC) Product Offerings
Table 50. Thales Group Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 51. Nippon Signal Corporate Summary
Table 52. Nippon Signal Communications-Based Train Control (CBTC) Product Offerings
Table 53. Nippon Signal Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 54. UniTTEC Corporate Summary
Table 55. UniTTEC Communications-Based Train Control (CBTC) Product Offerings
Table 56. UniTTEC Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 57. Wabtec Corporation Corporate Summary
Table 58. Wabtec Corporation Communications-Based Train Control (CBTC) Product Offerings
Table 59. Wabtec Corporation Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
Table 60. Toshiba Corporate Summary
Table 61. Toshiba Communications-Based Train Control (CBTC) Product Offerings
Table 62. Toshiba Communications-Based Train Control (CBTC) Revenue (US$, Mn), (2017-2022)
List of Figures
Figure 1. Communications-Based Train Control (CBTC) Segment by Type in 2021
Figure 2. Communications-Based Train Control (CBTC) Segment by Application in 2021
Figure 3. Global Communications-Based Train Control (CBTC) Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Communications-Based Train Control (CBTC) Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Communications-Based Train Control (CBTC) Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Communications-Based Train Control (CBTC) Revenue in 2021
Figure 8. By Type - Global Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
Figure 9. By Application - Global Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
Figure 10. By Region - Global Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
Figure 11. By Country - North America Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
Figure 12. US Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
Figure 16. Germany Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 17. France Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
Figure 24. China Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 28. India Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
Figure 30. Brazil Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Communications-Based Train Control (CBTC) Revenue Market Share, 2017-2028
Figure 33. Turkey Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Communications-Based Train Control (CBTC) Revenue, (US$, Mn), 2017-2028
Figure 37. Alstom SA Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. CRSC Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. BJ-TCT Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Siemens AG Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Hitachi Ltd. Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Mitsubishi Electric Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Thales Group Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Nippon Signal Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. UniTTEC Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Wabtec Corporation Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. Toshiba Communications-Based Train Control (CBTC) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Research Methodology:
Communications Based Train Control (CBTC) Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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