Railway Signaling System Market Size Worth USD 31.02 Billion, Globally, by 2030 at a CAGR of 5.6%

Railway Signaling System Market to be Worth USD 31.02 Billion by 2030; Railway signaling Systems Ensure the Efficient and Safe Operations on the Rail Networks

Pune, India, Aug. 16, 2023 (GLOBE NEWSWIRE) — The global railway signalling system market size was valued at USD 20.23 billion in 2022 and is projected to grow from of USD 21.20 billion in 2023 to USD 31.02 billion by 2030 with a CAGR of 5.6% during the forecast period. Railway signalling systems ensure efficient and safe operations on the rail networks. Modern systems encapsulate communication systems to facilitate the exchange of information between trains, control centres, and trackside equipment. Fortune Business Insights™ shares this information in its report titled “Global Railway Signalling System Market, 2023-2030.”

The global railway signalling systems market research reports offer a comprehensive and insightful analysis of railway signalling systems industry. This report helps to understand the market landscape, trends, opportunities, challenges, and key players. The research employs a combination of qualitative and quantitative methodologies to present a well-rounded view, including data-driven statistics, expert opinions, and market dynamics. By examining factors such as railway signalling system market size, growth potential, competitive analysis, consumer behavior, and emerging technologies, this reports aims to help the businesses and stakeholders with valuable insights for strategic decision-making and successful market engagement.

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Report Scope & Segmentation

Drivers and Restraints:

Demand For The Safer Rail Transportation To Propel Market Growth
Demand for safer rail transportation is anticipated to drive the railway signalling system market growth. The demand for rail transportation is due to increasing urbanization, population growth, and increasing freight volumes. Governments and rail operators have been increasingly investing in advanced signalling systems for enhancing safety measures and prevent accidents. Automatic Train Protection (ATP) systems and advanced train detection methods help to ensure safe train operations and minimize the risk of collisions.

However, high initial investments and complexities of the systems are expected to hamper the market growth. These systems are highly complex and require specialized knowledge and expertise for installation, operation, and maintenance.

COVID-19 Impacts:

Construction Activities Were Halted Which Led To The Delay And Extension Of The Project Timelines

The COVID-19 pandemic affected the supply chains which led to the delay in various rail infrastructure projects. Construction activities were halted in many regions which led to the delay and extension of the project timelines. Some projects faced financial challenges, leading to potential budget cuts or postponements. Despite the challenges, the pandemic may have realized the importance of robust and reliable railway signalling systems.

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Report Coverage:

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

Market Segmentation:

CBTC to Lead As It Can Help In Finding The Exact Location Of The Train

On the basis of technology, the market is divided into Automatic Train Protection System (ATP), Positive Train Control (PTC) system, Communication-Based Train Control (CBTC) system, Automatic Train Operation (ATO) systems, and others. CBTC segment dominated the market in 2022 as it uses telecommunications between trains and track devices for infrastructure control and traffic management. These systems can help in finding the exact location of the train.

Inside-The-Station to Dominate As These Systems Are Used Widely for Train Halts and Departs

On the basis of application, the market is classified into inside the station and outside the station. The inside-the-station segment holds the largest market share due as signalling systems being used widely as trains halt and depart. These systems are required for arrival and departure schedules.

Based on geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

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Regional Analysis:

North America To Lead As Region Has Been Investing In Developing And Modernizing Railway Infrastructure

North America dominated the railway signalling system market share as the region is investing in developing and modernizing its railway infrastructure. The region stood at USD 7.85 billion in 2022. The region is set to 5.2% CAGR due to the increasing number of government regulations and safety mandates in the railways.

Europe had significant market growth with the presence of various prominent players such as Bombardier, Alstom, Siemens, Hitachi, and Thales. They are engaged in the adoption of new technologies.
Competitive Landscape:

Alstom Is the Global Leader in the Transportation Sector

The market is led by Alstom which is the global leader in the transportation sector. The company operates on more innovative and greener mobility by developing integrated systems that offer sustainable solutions for future transportation.

List of the Companies Operating in the Market:

•        Alstom (France)

•        Hitachi Rail Limited (Japan)

•        Siemens Mobility (Germany)

•        Thales Group (France)

•        Cisco Systems, Inc. (U.S.)

•        Huawei Technologies Co., Ltd (China)

•        Belden Inc. (U.S.)

•        Wabtec Corporation (U.S.)

•        Nokia (Finland)

•        Angelo Holding Srl (Italy)

Segmentation:

By Technology

• Automatic Train Protection System (ATP)
• Positive Train Control System (PTC)
• Communication-Based Train Control System (CBTC)
• Automatic Train Operation System (ATO)
• Others

By Application

• Inside the Station
• Outside the Station

Major Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Market Trends
• Key Insights
  • Key Industry Developments – Mergers, Acquisitions & Partnerships
  • Latest Technological Advancements
  • Porters Five Forces Analysis
  • PEST Analysis
  • Impact of COVID-19 Pandemic on Global Railway Signalling System Market
• Global Railway Signalling System Market Analysis, Insights and Forecast, 2019-2030
• Key Findings / Definition
• Market Analysis, Insights and Forecast – By Technology
  • Automatic Train Protection System (ATP)
  • Positive Train Control System (PTC)
  • Communication-Based Train Control System (CBTC)
  • Automatic Train Operation System (ATO)
• Market Analysis, Insights and Forecast – By Application
  • Inside the Station
  • Outside the Station
•  Market Analysis, Insights and Forecast – By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Toc Continued…….

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KEY INDUSTRY DEVELOPMENTS:

May 2023- Alstom signed a contract with Sustainable Global Corporate for the promotion of investment in clean mobility globally. This agreement is set to create a great opportunity for the rail signalling system providers

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