Train Radio System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

A train radio system helps to give instructions between the train and control room for secure train operations. This system enables train engineers to easily communicate with the individual railroad stations and control rooms. Train radio systems also allow them to communicate with the staff inside the train. Furthermore, a train radio system offers a complete solution to meet the requirements related to network management in railroad traffic. Train radio system is interrupted by radio waves or electromagnetic waves. Radio waves are waves of energy that travel through the air at the speed of light. The train radio system is mainly used by train drivers, train controllers, signalers, and train guards for establishing a strong communication.

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The global train radio system market is mainly driven by rise in demand for broadband communication among end-users. This is mainly because the radio frequency wireless spectrum is a finite resource that is quick running out. Additionally, increasing demand for communication between signalers and train operators without any interruption in the train schedule or train operation further drives the growth of this market globally. In addition, rising focus of governments on enhancing the facilities in trains and reducing accidents are also expected to create new demand for train radio systems around the world.

Increasing demand for real time communication is another driving factor which is anticipated to boost the growth of the train radio system market. This is primarily because lack of real time communication sometimes results in bigger accidents or loss. Moreover, the rail industry desires to achieve an on-board connected environment, for both operational purposes and people. This factor is further anticipated to fuel the growth of the train radio system market in the near future.

However, radio transmission is limited by attenuation due to fog, cloud, and small variation in the refractive index of the atmosphere This will impact the signal to noise ratio, and in turn the data error rate. This factor is projected to restrain the growth of the train radio system market around the globe. Further, body of the train having a life of 30 to 40 years and the radio frequency technology changing every year. The change in technologies is another major challenge for engineers, which is consequently hampering the growth of the train radio system market across the world.

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The global train radio system market can be segmented based on component, application, end-user, and region. Based on component, the train radio system market can be classified into software, services, and hardware. In terms of application, the train radio system market can be categorized into national railway network and international railway network. Based on region, the global train radio system market can be segmented into Europe, North America, Middle East & Africa, South America, and Asia Pacific. The train radio system market in North America is projected to expand at a substantial growth rate during the forecast period. This is primarily due to rising demand for train radio systems among end-users in the region. The train radio system market in Asia Pacific is expanding at a substantial pace. Furthermore, growth of the train radio system market in this region is primarily impacted by the increasing adoption of digital technology in the transportation and logistics industry in emerging economies such as Japan, China, Korea, Southeast Asia, and India. In India, increasing number of trains, and rising adoption of advanced technologies to enhance the transportation system is fueling the demand for radio systems.