Railway Signalling System Market to Record CAGR of 5.6% during 2023-2030; Expansion of the High-Speed Railway Projects in Various Regions is Set to Create Market Opportunities

The global railway signalling system market size is estimated to display strong growth by reaching USD 31.02 billion by 2030. Fortune Business Insights™ in its report titled “Railway Signalling System Market Size, Share & COVID-19 Impact Analysis, By Technology (Automatic Train Protection System (ATP), Positive Train Control System (PTC), Communication-Based Train Control System (CBTC), Automatic Train Operation System (ATO), and Others), By Application (Inside the Station and Outside the Station) and Regional Forecast, 2023-2030” observes that the market size in 2022 stood at USD 20.23 billion and is expected to reach USD 21.20 billion in 2023. The market is expected to witness a strong CAGR of 5.6% during 2023-2030. The signalling systems in the railways help in giving various signals, signs, and technologies to convey information to train operators, allowing them to understand the status of the track ahead and take appropriate actions. Expansion of the high-speed railway projects in various regions is anticipated to create opportunities for the global market. 

Hitachi Rail Acquired Thale’s Ground Transportation Systems” Business Segment For USD 1.8 Billion

In August 2021, Hitachi Rail acquired Thale’s Ground Transportation Systems” business segment for USD 1.8 billion. Moreover, this acquisition is expected to reach the Hitachi's rail business to reach USD 9.2 billion in revenue by 2026 by accelerating its mobility as a service (MAAS) offering.

Construction Activities Were Halted Due To Extended Project Timelines Impacting the Market Growth

The COVID-19 pandemic led to delay in rail infrastructure projects and also in signalling systems due to the pandemic. Construction activities were also halted due to extended project timelines. This reduced the revenue and budget constraints affecting the investments in rail infrastructure. Despite the challenges, the pandemic led governments and rail operators could recognize the need for investments in modernizing and upgrading signalling infrastructure to enhance safety, efficiency, and resilience in the face of future disruptions.

Development Of For Computer-Based Interlocking Systems To Drive Market Growth

Development of for computer-based interlocking systems is predicted to drive railway signalling system market growth. Computer-based interlocking systems have been replacing traditional mechanical interlocking systems. Railway signalling systems integrated with Internet of Things (IoT) and big data analytics platforms are expected to create market opportunities. Leveraging IoT and big data technologies provides insights for optimizing signalling performance, predicting maintenance, and overall system efficiency.

However, limitations in the budgets can challenge the rail operators and governments in implementing the system upgrades or expanding the infrastructure of the system which is set to hamper market growth.

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Alstom Completed The Acquisition Of Bombardier Transportation

Alstom is a global leader in the transportation sector as company provides a complete range of equipment and services from metros, high-speed trains, and trams. Alstom completed the acquisition of Bombardier Transportation. This will allow Alstom to strengthen its global position in the rapidly growing digital mobility market. 

Key Industry Development

• November 2022: Indian Railway announced the launch of modern technology for the train system. Bharat Electronics Ltd (BEL) signed an agreement with DMRC for the development of i-CBTC for operations. Railways will witness the transition from a conventional railway signalling system to i-CBTC.

List of Key Companies Profiled in the Market Report:

•  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)

Further Report Findings

• North America dominated the railway signalling system market share in 2022 due to focus on improving safety and operational efficiency. The market stood at USD 7.85 billion in 2022 due to presence of Advanced Signalling systems such as Automatic Train Control (ATC) and Centralized Traffic Control (CTC) for monitoring and control of train movements, reducing the risk of accidents and optimizing operations.

• Europe holds a substantial market due as it is one of the most developed regions due to railway technologies and with well-established rail networks. Presence of key market players such as Bombardier, Alstom, Siemens, Hitachi, and Thales. They are some of the market leaders as they have been adopting block technology which enables trains to travel in the order of braking distance.

Table of Segmentation