Scope of the Study
Railway signalling consists of the systems and devices used to direct railway traffic and keep trains clear of each other at all times. In the railway system, signalling is one of the most important components. Train movement safety, control and management of trains depends on the railway signalling. It ensures safety between two or more trains, safe and efficient shunting operations and maximum utility of tracks. It helps in the safety of the passengers, the staff and the rolling stock.
The market study is being classified by Type (Mainline Signalling, Urban Signalling and Freight & Mining Signalling) and major geographies with country level break-up.
Alstom SA (France), Bombardier Inc. (Canada), ThalesGroup (France), Hitachi, Ltd. (Japan), CAF (Spain), Nokia Networks (Finland), Siemens Mobility (Germany), Wabtec Corporation (United States), Huawei Technologies Co., Ltd. (China) and Belden (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are MERMEC S.p.A. (Italy) and Kyosan Electric Manufacturing Co., Ltd. (Japan).
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Railway Signalling market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Railway Signalling market by Type, Application and Region.
On the basis of geography, the market of Railway Signalling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Need for Advanced Transportation Infrastructure
- Government Initiatives for Expansion of Railway Transportation
- High Demand for Advanced Railway Signaling Solutions
- Increased Adoption of IoT in Railway Signalling Products
- Emerging Trend of Smart Cities
- High Initial Deployment Cost for Railway Signalling
- Growing Demand from Developing Regions
- Growth in the World Population
- Rise in the Urbanization Worldwide
- Complexities in the Railway Signalling
- Lack of Skilled Professionals
Market Leaders and their expansionary development strategies
In February 2020, Alstom has announced that it has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec (“CDPQ”) in view of the acquisition of Bombardier Transportation.
In November 2019, Alstom has signed a contract with NRT to supply the rolling stock and signaling system for the next stage of Sydney Metro, Sydney Metro City and Southwest. The project is an extension of the Metro North West Line, which successfully opened to customers in May 2019.
Key Target AudienceRailway Signalling Solution Providers, Distributors, Research Professionals, Emerging Companies, Government Bodies and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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