High Speed Train Signaling System Market

High Speed Train Signaling System Market by Types (Metros & High-speed Trains, Electric Multiple Units, and Diesel Multiple Units), Applications (Vehicle Control Unit, Versatile Communication Gateway, Human Machine Interface, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: ICT-SE-301
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 172
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The global high speed train signaling systems market was valued at USD 9.4 Billion in 2020 and is expected to expand at a CAGR of 11.4% during the forecast period 2021 to 2028. Increasing establishment of several metro railway route and rising number of high-speed trains, especially in Asia and Middle East represent key positive factors for the market growth

High Speed Train Signaling System Market Key Takeaways

High speed train signaling system is designed to provide a smooth functioning of the railways using different signal systems to control the speed of trains. The signaling system can be understood as part of speed-controlled approach formulated by standardization measures, which are aimed at improving both railway traffic safety and efficiency. Recently, many new technologies have been implemented in the system such as the arrangement of correspondence-based train control (CBTC) and other progressed signaling techniques to enhance railways operations and its service.

Rising interest in the rapid development of urban transportation particularly in the railways service and wide adoption of the CBTC systems around the world for effective rail traffic management are the key factors driving the market growth. The growing number of travelers globally and rapid growth of the tourism industry are pushing railway operators to modernize the existing railway system.

Market Drivers, Restraints, Trends, and Opportunities

  • Rising demand for effective and standard railway systems is a key driver for the market growth.
  • Growing concerns from governments and railway operators to ensure passenger safety and comfort is another key factor expected to drive the market growth during the forecast period.
  • Technological advancement that helps to develop innovative signaling system, which ensure easy handling of the system present another main factor that boost the market.
  • High cost of installation and maintenance cost are key challenges that can hamper the market growth.
  • The COVID-19 pandemic and its impact had a major negative impact on the market growth. The total shutdown of transport system due to travel restriction across the globe completely shattered the market.
  • Large government spending for the development of the railway infrastructure and rising deployment of high-speed trains such as special or bullet trains to expand connectivity of distant places are presenting immense opportunities for the market expansion.

Scope of the Report

The report on the global high speed train signaling system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

High Speed Train Signaling System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Metros & High-speed Trains, Electric Multiple Units, and Diesel Multiple Units), Applications (Vehicle Control Unit, Versatile Communication Gateway, Human Machine Interface, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Siemens AG, Hitachi Ltd, Alsthom SA, China Railway Signal and Communication Co, Ltd, Ansaldo STS, Thales, Cisco Systems, Inc, Bombardier Inc, and GE


Global High-Speed Train Signaling System Market Segment Insights

In terms of types, the market is divided into metros & high-speed trains, electric multiple units, and diesel multiple units. The electric multiple units (EMU) segment is projected to witness a substantial growth rate in the coming years due to its wide popularity and adoption in the railway system across countries. An EMU can be applicable in all railway systems and that requires no different train network.

Based on applications, the market is segregated into vehicle control unit, versatile communication gateway, human machine interface, and others. The vehicle control unit segment is anticipated to hold a large share of the market during the forecast period owing to the rising demand for train movements and traffic management solutions. On the other hand, the versatile communication gateway segment is anticipated to grow at an impressive rate due to its wide application for the development of train signaling system.

In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to register a robust CARG during the forecast period owing to the rapid expanding number of metro rail route and wide installation of high speed trains to needs the demand for easy transport of the growing population in the region. Massive investment in the railway system from the emerging economies such as India, China, and South Korea can be major factor that boosts the regional market growth.

High Speed Train Signaling System Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Speed Train Signaling System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. High Speed Train Signaling System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. High Speed Train Signaling System Market - Supply Chain
  4.5. Global High Speed Train Signaling System Market Forecast
     4.5.1. High Speed Train Signaling System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. High Speed Train Signaling System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. High Speed Train Signaling System Market Absolute $ Opportunity
5. Global High Speed Train Signaling System Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. High Speed Train Signaling System Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global High Speed Train Signaling System Demand Share Forecast, 2019-2026
6. North America High Speed Train Signaling System Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America High Speed Train Signaling System Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America High Speed Train Signaling System Demand Share Forecast, 2019-2026
7. Latin America High Speed Train Signaling System Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America High Speed Train Signaling System Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America High Speed Train Signaling System Demand Share Forecast, 2019-2026
8. Europe High Speed Train Signaling System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe High Speed Train Signaling System Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe High Speed Train Signaling System Demand Share Forecast, 2019-2026
9. Asia Pacific High Speed Train Signaling System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific High Speed Train Signaling System Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific High Speed Train Signaling System Demand Share Forecast, 2019-2026
10. Middle East & Africa High Speed Train Signaling System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa High Speed Train Signaling System Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa High Speed Train Signaling System Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global High Speed Train Signaling System Market: Market Share Analysis
  11.2. High Speed Train Signaling System Distributors and Customers
  11.3. High Speed Train Signaling System Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Siemens AG
     11.4.2. Hitachi Ltd
     11.4.3. Alsthom SA
     11.4.4. China Railway Signal and Communication Co, Ltd
     11.4.5. Ansaldo STS
     11.4.6. Thales
     11.4.7. Cisco Systems, Inc
     11.4.8. Bombardier Inc
     11.4.9. GE
Segments Covered in the Report
The global high speed train signaling system market has been segmented on the basis of

Types
  • Metros & High-speed Trains
  • Electric Multiple Units
  • Diesel Multiple Units
Applications
  • Vehicle Control Unit
  • Versatile Communication Gateway
  • Human Machine Interface
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Major companies competing in the global high speed train signaling system market include Siemens AG, Hitachi Ltd, Alsthom SA, China Railway Signal and Communication Co, Ltd, Ansaldo STS, Thales, Cisco Systems, Inc, Bombardier Inc, and GE.

Some of these companies are engaged in adopting several market strategies such as merger, collaboration, product launch, R&D activities, and capacity expansion to increase their market share and global presence.

High Speed Train Signaling System Market By Key Players

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