Global Railway Signaling Systems Markets Report, 2021-2022 & 2022-2030: Stiff Competition from Chinese Players vs Established Global Players Such as ALSTOM, SIMEMENS, and Thales - ResearchAndMarkets.com
Increasing demand for advance controlling systems and rising high-speed railway projects will drive the demand for railway signaling systems.
The "Railway Signaling Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030" report has been added to ResearchAndMarkets.com's offering.
The global railway signaling systems market was valued at US$ 9.68 Bn in 2021 and is expected to grow at a CAGR of 9.5% over the forecast period from 2022 to 2030.
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
Increasing demand for advance controlling systems and rising high-speed railway projects will drive the demand for railway signaling systems.
The market for railway signaling systems expected to witness significant growth with the deployment of communication-based train control (CBTC) and other advanced signaling techniques. In addition, market growth is strongly influenced by standardization processes concerning train control which are implemented in order to improve both railway traffic safety and efficiency. Rising investment in urban transportation particularly in railway networks is increasing the demand for CBTC systems globally for efficient rail traffic management.
The growing number of passengers and increasing competition among operators, as well as higher expectations of comfort, are pushing railway operators to replace or modernize their rolling stock. In light of the higher usage of existing infrastructure signaling equipment modernization is key to improving network safety and capacity.
The U.S. and Europe have matured markets and most of the countries in these regions are installed with standardized rail control systems. The market for railways signaling systems is expected to witness significant growth with the increasing development of high-speed rail networks in Asian countries such as China, India, and Southeast Asia countries.
Rail network expansion in Asia expected to spur the demand for railway signaling systems in the region
The increasing number of metro railway networks, particularly in Asia and the Middle East represents a positive outlook for railways signaling suppliers. Countries in the Asia Pacific are increasingly investing in the CBTC system. Recently, NIPPON SIGNAL has deployed the protection system SPARCS based on CBTC for Beijing Subway Line.
China has invested a significant amount in its national high-speed railway projects planned to extend network high-speed railway network to 30,500 km to connect major 27 provinces with 11 high-speed rail lines. India and Southeast Asian countries are also investing significant amounts in metro railway and high-speed projects to support their economic development. Recently, India initiated its first high-speed railway project to connect its major cities Mumbai and Ahmedabad.
Moreover, Virgin Hyperloop One signed an agreement with the Maharashtra state government to initiate the first Hyperloop train project between Mumbai (financial capital of India) and Pune (major IT and manufacturing hubs in India). Similarly, more than 20 metro train projects initiated in major cities in India.
All these factors represent a positive outlook for railway signaling systems providers in the country. Similarly, Middle Eastern countries are also focusing on enhancing their railway network in the near future. The United Arab Emirates is looking forward to expanding its existing railway network up to 600 km by 2024 from its existing network of 264 km. All these railway expansion activities are expected to produce a demand for railway signaling systems.
Europe and North America are expected to witness steady growth in the global railway signaling systems market due to the completion of high-speed rail in all major countries and cities. In addition, the gradual replacement of the traditional system with advanced cost-effective, and reliable solutions in order to provide better-enhanced safety and efficiency expected to drive the market growth in these established markets.
Communication-based train control expected to witness considerable growth in the near future
In the last few years, railway operators in developed countries have shifted to communication-based train control systems from traditional signaling solutions for mass transit operations. With more than 100 CBTC systems installed globally, it is becoming the most preferred choice for railway operators.
CBTC system is a modern railway signaling systems which primarily used in urban railway networks. Increasing investment in urban railway networks particularly in the Asia Pacific and the Middle East region is expected to drive the market growth in the next five years. Countries across the world are also investing a significant amount in European Train Controlling Systems (ETCS) in order to improve the safety and efficiency of railway transportation.
Stiff competition from Chinese players in the global market
The railway signaling industry is predominantly dominated by recognized players and strongholds in each region by regional giants. GE Transportation and Bombardier Inc have strongholds in the North American market. The European market is dominated by ALSTOM, SIMEMENS, and Thales, etc. Hitachi, Toshiba, and China Railway Signal and Communication Co are prominent players in the Asia Pacific railway Signaling systems market.
Chinese manufacturers are focusing on developing international quality standard products and getting recognized globally. Recently, Gulf Organization for Industrial Consulting (GOIC) has signed a contract with China Railway Signal and Communication to build a high-speed rail network in GCC countries.
Company Profiles
- Siemens AG
- Hitachi Ltd
- Alsthom SA
- China Railway Signal and Communication Co Ltd
- Ansaldo STS
- Thales
- Cisco Systems Inc
- Bombardier Inc
- GE Transportation
Key Topics Covered:
1. Preface
2. Executive Summary
2.1. Market Snapshot: Global Railway Signaling Systems Market
2.2. Global Railway Signaling Systems Market, By Technology, 2021 (US$ Million)
2.3. Global Railway Signaling Systems Market, By Geography, 2021 (US$ Million)
2.4. Impact of Covid 19
2.5. Attractive Investment Proposition by Geography, 2021
2.6. Competitive Analysis
3. Railway Signaling Systems Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Railway Signaling Systems Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter's Five Force Model
3.7. PESTEL Analysis
4. Railway Signaling Systems Market: By Technology, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Automatic Train Operation (ATO) System
4.3.2. Communication Based Train Control (CBTC)
4.3.3. European Train Control System (ETCS)
4.3.4. Positive Train Control (PTC) System
5. North America Railway Signaling Systems Market, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Railway Signaling Systems Market: By Technology, 2020-2030, USD (Million)
5.3. Railway Signaling Systems Market: By Region, 2020-2030, USD (Million)
6. UK and European Union Railway Signaling Systems Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Railway Signaling Systems Market: By Technology, 2020-2030, USD (Million)
6.3. Railway Signaling Systems Market: By Region, 2020-2030, USD (Million)
7. Asia Pacific Railway Signaling Systems Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Railway Signaling Systems Market: By Technology, 2020-2030, USD (Million)
7.3. Railway Signaling Systems Market: By Region, 2020-2030, USD (Million)
8. Latin America Railway Signaling Systems Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Railway Signaling Systems Market: By Technology, 2020-2030, USD (Million)
8.3. Railway Signaling Systems Market: By Region, 2020-2030, USD (Million)
9. Middle East and Africa Railway Signaling Systems Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Railway Signaling Systems Market: By Technology, 2020-2030, USD (Million)
9.3. Railway Signaling Systems Market: By Region, 2020-2030, USD (Million)
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