Development of a train wireless signal control system using LTE-R technology is expected to have a great ripple effect to the existing signal control market. To make inroads into the international market, it is an urgent issue to practicalize the train wireless signal control system. Because it will require a huge budget to commercialize the wireless signal control system, it is necessary to analyze the feasibility beforehand, with a consideration of the domestic and foreign marketability and

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... e impact on related industries. This study investigated the effect of the practicalization of train control system on future railway and national industrial sectors. We suggested the establishment of a framework for economic feasibility analysis, one that can provide criteria for opportunistic valuation. We also verified this framework through case analysis.