Authored By: Sarah
30 Nov 2023

Emerging economies hold the key to the USD 14.04 Bn revenue expansion of the TCAS market through 2024-2028

Emerging economies are slowly shifting towards adoption of high-speed rail. The rise in the lower middle class's discretionary income in emerging nations like India, leading to increase in their spending on quick and easy high-speed train travel. In reference to the global market, countries are building high-speed rail systems to provide affordable and secure transportation.

According to estimates, the market for Train Collision Avoidance System Market to exhibit growth at a CAGR of 17.74% by 2028. According to projections, the market will grow by USD 14.04 billion.


https://www.technavio.com/report/train-collision-avoidance-system-market-industry-analysis?utm_source=Newsroom&utm_medium=Newsroom&utm_campaign=Driver_AUTO-v1-NEWSROOM+_+WK+47_Sou_image&utm_term=2023_Soumini&utm_content=IRTNTR72097

Train Collision Avoidance System Market Analysis


Currently, China and India got huge demand for TCAS, with rising investments in the development of high-speed rail networks. The trend towards the construction of high-speed rail networks in emerging economies—primarily in South Asian nations—is anticipated to propel the need for TCAS.

Moreover ,rise in strategic partnerships, which is expected to be a crucial development for the train collision avoidance system industry. Some of the key offerings by the leading companies comprise.

  • ALSTOM SA offers a Train Collision Avoidance System, namely COMPAS (Collision and Overspeed Monitoring and Prevention Assistance System) through its subsidiary Bombardier Inc.
  • Becker Mining Systems AG: offers a train collision avoidance system namely Mincos MMS.
  • Harsco Corp: offers a train collision avoidance system namely Protran Collision Avoidance System.

Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review. Complete data-backed profiling of the major market pioneers is available with us.

Read News Read Less
Interested in this report?
Get your sample now!
Technavio