New York, August 2022: Axiom Market Research & Consulting™ added a report on the global Railway Signalling Systems market which includes studies on technology, and applications across various countries in key regions across the globe. The global Railway Signalling Systems market is projected to grow at a CAGR of 4.31% for the forecast period 2022 to 2028. The global Railway Signalling Systems market is estimated and forecasted in terms of revenue (USD Million) generated by the Railway Signalling Systems market.

The growing demand for the high-speed railway project along with technological advancement in the railway industry will drive the market. In addition, the emergence of the digital railway and railway innovations such as Automatic train protection and collision avoidance is crucial for passengers’ safety and will boost the railway system market growth over the mentioned forecast period.

The report analyses the global Railway Signalling Systems industry based on technology, application, and geography. The Railway Signalling Systems technology 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. The application of Railway Signalling Systems is classified into Inside the Station, Outside the Station. The Global Railway Signalling Systems market is studied across various key countries and regions, such as North America, Europe, Asia-Pacific, and the Rest of the World.

The Automatic Train Protection (ATP) System segment is expected to dominate the Railway Signalling Systems industry market during the forecast period

The Automatic Train Protection (ATP) System is a primary and vital system in railway traffic control applications. The main purpose of the Automatic Train Protection (ATP) System continually checks that a train’s speed is compatible with the permitted speed. It provides the necessary information to the driver and ensures that the train is always operated within the speed limits. It not only monitors the train’s performance regarding speed but also applies to breaks in unsafe conditions if the train is exceeding its speed limit. Thus, the Automatic Train Protection (ATP) System segment is growing at the highest pace during the forecast period.

Inside the Station is expected to dominate the Railway Signalling Systems market during the forecast period

The railway signalling market has dominated the inside station. The station will include the railway station head house that has trains stopped to load or unload passengers, and freight. This inside station has staffed ticket sales offices, automated ticket machines, and other assemblies related to railway operations. Thus it is a bit crowded railway head house and needs an effective automation system to simplify the railway operations.

Asia Pacific dominated the Railway Signalling Systems market in 2021 and is expected to witness the fastest growth in the upcoming years 

The Asia pacific is a populous region and land transport. The rail is the most dominant means in the entire region. The increasing urbanisation and mining activities as well as the presence of high-speed railways such as bullet trains in China and Japan will forecast the market growth over the mentioned timeframe. Even a developing country like India uses rail transport as a major mode of transportation and highly adopts railway technology for rail digitalization. Thus, these factors are attributed to the region’s growth. 

Key Players

The key players in the global Railway Signalling Systems market, are Hitachi Ltd, NIPPON SIGNAL CO., LTD., MER MEC S.p.A, Alstom SA, Cisco Systems Inc., Nokia Corporation, Angelo Holding SRL, Siemens AG, Wabtec Corporation, Belden Inc., Huawei Technologies Co Ltd, Progress Rail, IBM CORPORATION

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