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)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)