USD 12.8 billion
Railway Signalling System Market Size, Share, Growth Analysis, By Technology Type(Automatic Train Protection (ATP) System, Positive Train Control (PTC) System, Communication-Based Train Control (CBTC) System, Automatic Train Operation (ATO) System), By Application Type(Inside the Station, Outside the Station), By Region - Industry Forecast 2024-2031
Report ID:
SQSG45F2010 |
Region:
Global |
Published Date: February, 2024
Pages:
264
|Tables:
63
|Figures:
75
Railway Signalling System Market Insights
Global Railway Signalling System Market size was valued at USD 12.8 billion in 2019 and is poised to grow from USD 13.5 billion in 2023 to USD 21.86 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).
One of the most important parts of the various systems that make up the overall railway system is the signal. In order to decrease the number of accidents, this technique is employed to maintain rail traffic and keep the rail lines clean for other trains. Due to the growing number of rail commuters, the adoption of data analytics, the internet of things, cloud computing, and other cutting-edge technologies that bring digital transformation to the railway industry, numerous signalling and train control communication systems have been evolving over time.
To update the signalling systems all throughout India, for instance, the Indian Railways aims to install a new signalling system project. The Automatic Train Protection (ATP) system, which assists in maintaining the permitted speed limits without the driver's intervention, and a 4G-based mobile train radio communication system (MTRC), which is used for emergency communications, are just two examples of cutting-edge technologies that have been implemented as part of the signalling system's modernization.
US Railway Signalling System Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Inside the Station
Fastest Growth
Inside the Station
Growth Rate
5.5% CAGR
Global Railway Signaling System Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Railway Signalling System Market Segmental Analysis
Global Railway Signalling System Market is segmented based on the Technology type, Application Type, and Region. Based on the Technology Type, the global market is segmented as Automatic Train Protection (ATP) System, Positive Train Control (PTC) System, Communication-Based Train Control (CBTC) System, and Automatic Train Operation (ATO) System. Based on the Application Type, the global market is segmented as Inside the Station and Outside the Station. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Railway Signalling System Market Analysis by Technology Type
Using telecommunications between trains and track equipment for infrastructure control and traffic management, communication-based train control (CBTC) is a railway signalling system. Railway signal communication has unique needs that are mostly based on the performance and features of the railway system. In order to properly specify requirements for the communication system, it is required to thoroughly understand the features and performance of the transportation system. The precise position of the train may be ascertained more precisely with the use of CBTC technology. Train traffic may be controlled more effectively and safely as a result.
Global Railway Signaling System Market Share By Application Type, 2021 (%)
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Railway Signalling System Market Regional Insights
In 2021, North America held the largest global railway signalling system market share. Due to the well-established high-speed railways and the already-installed cutting-edge signal-regulating systems in all the main cities and nations, it is anticipated to increase and demonstrate a consistent rise in the future.
However, throughout the projection period, Asia Pacific is anticipated to see a considerable and quick rise in the global railway signalling system market. The development of new high-speed rail networks and the installation of sophisticated signalling systems are credited with causing this disruptive growth. One of the key contributors to this regional market is China. Chinese firms like CRCC, CRSC, and CREC have grown the quickest among the other top global competitors, owning 20 to 25% of the markets for rail control, electrification, and signalling globally. The railway network, which increased from 75,000 kilometers in length in 2005 to 150,000 kilometers in 2020, is responsible for this growth.
Global Railway Signaling System Market By Geography, 2021 - 2028
- Largest
- Fastest
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Railway Signalling System Market Dynamics
Railway Signalling System Market Driver
Increasing Automation of Urban Rail Infrastructure to Boost Growth
- In order to control rail traffic, communication-based train control, or CBTC, is used by autonomous trains. CBTC enables the communication between trains and devices on the tracks. This technology guarantees increased safety and higher efficiency of the device as well as the passengers by enabling a comprehensive identification of bogey alignments, train positions, and track stability. Compared to road transportation, autonomous trains operate more often and can carry more people and more cargo at a quicker pace. Additionally, since autonomous technology might take the place of both the train drivers and the control officers, automation in trains can significantly increase the cost-efficiency of railway operations.
Railway Signalling System Market Restraint
High Initial Cost and Unavailability of Skilled Professionals
- Due to the reasonable fare costs, speedier method of transportation, and increased use of cutting-edge technology in the rail infrastructure, the demand for rail transportation has been steadily rising over the past several years. As a result, in order to meet this constantly growing demand, the rail authorities will need to invest heavily in developing the rail infrastructure, introducing high-speed trains, expanding the rail networks, and adopting cutting-edge technology. Due to the government's constrained budget, all of these investments could not materialize. The additional costs associated with maintaining, replacing, and managing both new and current systems inside railroad facilities may also serve as a significant barrier to the expansion of the market for railway signalling systems.
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Railway Signalling System Market Competitive Landscape
The global railway signalling system market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Railway Signalling System Market Top Player's Company Profiles
- Alstom
- Hitachi Rail Limited
- Thales Group
- Ansaldo STS
- Bombardier Transportation
- Siemens AG
- ABB Ltd.
- Advantech Co., Ltd.
- CRRC Corporation Limited
- Cubic Transportation Systems, Inc.
- EKE-Electronics Ltd.
- Funkwerk AG
- HUBER+SUHNER AG
- JMA Wireless
- Kyosan Electric Manufacturing Co., Ltd.
- Mitsubishi Electric Corporation
- Nokia Corporation
- Omron Corporation
- The Go-Ahead Group plc
- Westinghouse Air Brake Technologies Corporation (Wabtec Corporation)
Railway Signalling System Market Recent Developments
- In January 2021, the National Capital Region Transport Corporation Ltd. (NCRTC) awarded a contract to the Indian company Alstom for the development of a product for an advanced rail system. This money will be used to purchase, test, and install signalling along the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Corridor. Additionally, this constructed route will be the first to use the hybrid Level 3 signalling system of the European Train Control System (ETCS).
- In August 2021, Hitachi Rail agreed to pay 1660 million euros to acquire Thale's Ground Transportation Systems division. Additionally, by expanding its mobility as a service (MAAS) offering, this plan will assist Hitachi Rail in reaching $9.2 billion in revenue by 2026.
Railway Signalling System Key Market Trends
- The signalling method has to have tools that can make data mining and analysis more accessible and quicker in order to keep the railway network operating at its best. To gather information or data pertaining to the assets of the railway signalling systems, a distribution and data gathering system based on cloud computing technology is presently being suggested. Offering greater transparency and an increased degree of interaction, connectivity, and digitalization will improve the train system and maybe aid passengers in managing and maximizing their end-to-end mobility.
Railway Signalling System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Audio-Conferencing Services Market Analysis, The expansion of the railway network has made it possible to travel more safely and punctually. This has been made possible by the growth in population and the need for mobility solutions for trains. The market for railroad signalling systems expanded as a result. The need for improved transportation infrastructure to deliver products on schedule with the aid of railroads has risen as a result of ongoing growth in the infrastructural and technical sectors. Additionally, this has boosted the usage of trains, which has led to an expansion in the demand for railway signalling systems.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.8 billion |
| Market size value in 2031 | USD 21.86 billion |
| Growth Rate | 5.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Railway Signalling System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Railway Signalling System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Railway Signalling System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Railway Signalling System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Railway Signalling System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Railway Signalling System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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