Market Trends of Automatic Train Control Industry
This section covers the major market trends shaping the Automatic Train Control Market according to our research experts:
Positive Train Control (PTC) Technology to Hold a Dominant Share of the Market
- Positive Train Control (PTC) is a composite system of recently developed technologies that continuously delivers critical information such as train movement authorization, speed limits, switch positions, work zone locations, and other operational data. It must factor in locomotive and rail car mix, terrain, weight and speed, and signal aspects to determine safe stopping distances.
- Global freight railroads continue to strive towards an accident-free future through a tireless commitment to addressing the major causes of accidents - track, equipment, and human error. Continued safety improvement in the years ahead will become harder to achieve and require new and different solutions. Widespread deployment of Positive Train Control (PTC), designed to address human error, will open the door to an exciting new era of safety and efficiency improvement for freight railroads.
- For instance, as of January 2020, PTC is in operation on the majority of 98.5% of Class I PTC route-miles network-wide, with some Class I railroads planning to be fully implemented on their networks across the United States, as Track-caused accidents account for 27% of total train accidents in the United States.
- Besides, Freight railroads have reduced the track-caused accident rate by 26% since between 2009 and 2018. Also, record investment has taken place on an average of USD 25 billion each year, where PTC technology has been an important catalyst.
- Providing high scalability and enhanced efficiency, Siemens's Trainguard Sentinel solutions are tailored to meet the needs of industrial, mining, or freight operators optimally. The system allows enhanced service recovery, improved safety, and superior dependability and support forecast.
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North America to Hold the Largest Market Size
- North America forms developed economies, the United States (US) and Canada, which contribute heavily to the regional market. One of the principal reasons for its significant market share in the early enactment of technologies and the globalization of shared services in this region.
- In the United States, train accidents caused by equipment represent 14% of total accidents. The equipment-caused accident rate is down 11% since 2009. Enhancements to rail cars, advanced equipment inspection technology, and industry-wide asset management programs have all added to this safety gain.
- This region's strong financial position enables its countries to invest heavily in leading ATC solutions and technologies. The primary growth drivers for this region are the rising number of projects focused on upgrading and constructing freight infrastructures, and high-speed railway lines.
- Additionally, with the Rail Safety Improvement Act of 2008 and the corresponding regulations issued by the Federal Railroad Administration (FRA), passenger and significant freight railroads were required to implement Positive Train Control (PTC) on most major track lines by December 31, 2018. The RSI Act of 2008 has boosted the deployment of ATC solutions and associated technologies in the US, as ATC solutions are at the core of PTC.
- According to the Association of American Rail Roads, accidents caused by human factors form the biggest category of train accidents, accounting for 38%, in addition to the registered 937 rail fatalities in the United States in 2019, according to the US Department of Transportation. The individual factors-caused accident rate is down 3% since 2009. Rigorous employee training and fatigue management programs are just a few of the initiatives railroads apply to decrease these incidents, and PTC provides a backup extra layer of protection to those efforts.
- Also, the region is witnessing massive investments in the Automatic Train Control Market. For instance, according to US Department of Transportation & Federal Railroad Administration, until 2015, 6.4 billion U.S. dollars have been spent for the PTC deployment on over more than 2,300 of track miles and more than 4,500 locomotives, and the total cost is estimated to grow to more than 10 billion U.S. dollars in 2020.
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