Railway signaling systems are used to maintain railway traffic and keep the train paths clear for other trains at all times as well as reduce the number of accidents. There are various technology used by railway signaling system such as Automatic Train Protection (ATP) System, Automatic Train Operation (ATO) System, Communication Based Train Control (CBTC) System,and Positive Train Control (PTO) System.
MARKET SCOPE
The "Global Railway Signaling Systems Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the railway signaling systems market with detailed market segmentation by technology, application, and geography. The report provides key statistics on the market status of the leading railway signaling systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology, the global railway signaling systems market is segmented into Automatic Train Protection (ATP) System, Automatic Train Operation (ATO) System, Communication Based Train Control (CBTC) System, and Positive Train Control (PTO) System.
- On the basis of application, the market is segmented into inside the station and outside the station.
MARKET DYNAMICS
Drivers:
- The significant drivers of the railway signaling system market are adoption of IoT as well as automation technologies to enhance optimization.
- The increasing globalization and need for advanced transportation infrastructure are creating opportunities which will increase the demand for railway signaling system market in the forecast period. The market is likely to showcase opportunities for the untapped markets and growing awareness among the users.
Restraints:
- High deployment costs may hinder the growth of the railway signaling system market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The railway signaling systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the railway signaling systems market in these regions.
IMPACT OF COVID-19 ON RAILWAY SIGNALING SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the railway signaling systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from railway signaling systems market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the railway signaling systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alstom SA
- Ansaldo STS
- Bombardier Inc.
- China Railway Signal and Communication Co, Ltd.
- Cisco Systems, Inc.
- GE Transportation
- Hitachi Ltd.
- Siemens AG
- Thales Group
- Tomar Electronics, Inc.