Communications-Based Train Control (CBTC) Market Size is growing at CAGR of 5.50%

Communications-Based Train Control (CBTC) is a signaling system used in railways that uses wireless communication between the train and trackside equipment to control train movements. The CBTC market research report segments the market based on type, application, and region. The types of CBTC studied are Basic CBTC and I-CBTC. Application-wise the market is classified into City Metro System and Passenger and Freight Rail System. The regions studied are North America, Asia Pacific, Middle East, Africa, Australia, and Europe. The report highlights the market players that include Alstom SA, CRSC, BJ-TCT, Siemens AG, Hitachi Ltd., Mitsubishi Electric, Thales Group, Nippon Signal, UniTTEC, Wabtec Corporation, and Toshiba. The report also covers regulatory and legal factors affecting market conditions.