Railway Signalling System Market Analysis and Scope 2021-2031
Railway Signalling System Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ XX million |
Market Size by 2031 | US$ XX Billion |
Global CAGR (2025 - 2031) | 7.1% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Offering
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Railway Signalling System Market News and Recent Developments
The railway signalling system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the railway signalling system market are listed below:
- Alstom, a global leader in smart and sustainable mobility, has launched India’s first Digital Experience Centre ever built by a rail OEM. Located in Bangalore and spread over 5000 sq.ft., the Digital Experience will be the hub for executing Urban, Mainline, Freight & Mining (specific market) projects along with integrated cybersecurity, Security & Telecom and SCADA features. With this center, Alstom has its largest signaling lab infrastructure spread over 60000 sq. ft. in India. This will aid the company’s vision of making India a global hub for technology and innovation. The dedicated experience center will support more than 7 million hours of engineering work for Indian and global projects. (Source: Alstom, Press Releases, December 2023).
- Knorr-Bremse AG, the global market leader for braking systems and a leading provider of other rail and commercial vehicle systems, announced its acquisition of the conventional rail signaling technology business of Alstom Signaling North America. With this acquisition, Knorr-Bremse is successfully making an entry into the highly attractive control, command, and signaling (CCS) segment of the rail market. Alstom Signaling is a leading company in North America’s CCS market. For the Knorr-Bremse Rail Vehicle Systems division, the acquisition of this profitable business creates new prospects for profitable growth, technological competence, and future digital business models. (Source: Knorr-Bremse, Press Releases, April 2024)
Railway Signalling System Market Report Coverage and Deliverables
The “Railway Signalling System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Railway signalling system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Railway signalling system market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Railway signalling system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the railway signalling system market
- Detailed company profiles