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Railway Signaling System Market Share

Report ID: GMI6909
Published Date: Oct 2023
Report Format: PDF

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Railway Signaling System Market Share

Major companies operating in the railway signaling system industry are:

Siemens Ag
Alstom
Thales group
Cisco Systems, Inc.
Hitachi Ltd
Nokia Corporation

Siemens Ag, Alstom, Thales group, Cisco Systems, Inc., Hitachi Ltd and Nokia Corporation are major companies in personal watercraft market, holding over 15% of the market share. These companies competed to secure contracts for major railway projects not only in their home countries but also in emerging markets where railway infrastructure was rapidly expanding. Moreover, companies invested heavily in research and development to introduce innovative solutions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of railway signaling system reached USD 14.2 billion in 2022 and is poised to grow at 8% CAGR between 2023 and 2032, says this GMI report.

The solutions offerings segment held major market share in 2022, owing to the increasing demand for comprehensive & integrated signaling solutions.

Europe market was valued at USD 5.4 billion revenue in 2022, as the region has a well-established & extensive railway network that requires continuous upgrades and modernization to meet the increasing transportation demands.

Siemens Ag, Alstom, Thales group, Cisco Systems, Inc., Hitachi Ltd, and Nokia Corporation.