The global signalling system (SS) market is expected to grow at a significant CAGR during the forecast period 2024-2031. The signalling system (SS) is broadly applicable in railway sectors. The several technologies employed by this system are- Automatic Train Protection (ATP) System, Positive Train Control (PTC) System, Communication Based Train (CBTC) System and Automatic Train Operation (ATO) System. This signalling system works to manage the operations, travelling schedule and monitors the train traffics with the help of signals and provide real-time information. The rising automation of urban rail infrastructure, exposure to the high-speed railway project and the increasing investment in railway sectors are some factors that drive the market growth of the Global Signaling System (SS) Market and are anticipated to register the highest pace during the forecast period.
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The communication-based train control (CBTC) technology are highly employed in the development of autonomous train as its support the management of rail traffic by providing communication between a device in trains. Hence the increasing automation in trains regarding the improved transportation with higher frequency, economic operations and faster speed will raise the demand for signalling systems. This rising employment of signal systems in the automation of trains is projected to grow the market rate, size and shares with a significant value in an estimated period. Whereas, the increasing exposure to the high-speed railway project is further responsible to drive the market growth. The increasing development of railway transportation with high-speed technology and rising passenger traffic in the railway demand advanced services and enhanced signalling systems to gain higher monitoring and safe operations. This signalling system was highly applicable in the advancement of railway projects which propel the growth of the signal system market with the increasing investment in the railway sector.
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Market Coverage
- Segment Covered-
o By Technology Type
o By Application
- Competitive Landscape- Alstom, Hitachi Rail Ltd., Thales Group, Siemens Mobility, China Railway Signal and Communication Co. Ltd., Nippon Signal and Glarun Technology.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Signaling System SS Market by Segment
By Technology Type
o Automatic Train Protection (ATP) System
o Positive Train Control (PTC) System
o Communication-Based Train (CBTC) System
o Automatic Train Operation (ATO) System
By Application
o Inside The Station
o Outside The Station
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