Chan Ye Xin Xi Wang·2025-07-10 01:38Core Viewpoint - The rapid development of China's rail transit industry has led to an increasing demand for advanced and reliable Automatic Train Control (ATC) onboard equipment, with significant shifts in both import and export dynamics driven by policy adjustments and technological advancements [1][12]. Industry Overview - The ATC system is a comprehensive train control system that enhances the safety, reliability, punctuality, and efficiency of train operations through automation and real-time monitoring [2]. - The ATC system consists of three subsystems: Automatic Train Protection (ATP), Automatic Train Operation (ATO), and Automatic Train Supervision (ATS) [2]. Industry Development History - The ATC industry in China has evolved through four main stages: exploration (1960s-2004), rapid development (2004-2016), innovation (2016-2019), and maturity (2019-present) [4][5][6]. - The introduction of the CTCS technical specifications in 2004 marked a significant advancement, leading to the development of various levels of train control systems [4]. Current Industry Status - In the first five months of 2025, China imported 150 ATC devices, a year-on-year increase of 32.74%, while the import value decreased by 73.78% to 6.6637 million yuan [1][12]. - Exports of ATC devices saw a significant decline in quantity, with 3,834 units exported, down 88.33%, but the export value increased by 4.41% to 34.7974 million yuan, indicating a structural upgrade [1][12]. Industry Supply Chain - The upstream of the ATC industry includes raw materials, components, and software, while the midstream consists of ATC system integrators, and the downstream applications are primarily in urban rail transit and railway trunk lines [8]. Key Companies' Performance - China Railway Signal & Communication Corporation (CRSC) leads the market with its CTCS-3 level control system, which has achieved significant autonomy and is widely used in high-speed rail [19]. - China Communications Technology Co., Ltd. (CCTC) has developed the FAO system, breaking international monopolies and securing major contracts in urban rail projects [21]. Industry Development Trends - The ATC industry is moving towards intelligent and autonomous systems, integrating technologies like AI, big data, and 5G-R communication to enhance operational efficiency and safety [23]. - Chinese ATC companies are expanding globally, particularly in emerging markets, and are utilizing joint ventures and technology transfers to penetrate developed markets [24][25]. - The industry is transitioning from single system suppliers to smart transportation ecosystem builders, focusing on integrated solutions and lifecycle service models [26].