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 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.
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Market Drivers
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.
Segment Analysis
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.
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.
Competitive Analysis
The Competitors are Siemens AG, Hitachi Ltd, Alsthom SA, China Railway Signal and Communication Co, Ltd, Ansaldo STS, Thales, Cisco Systems, Inc, Bombardier Inc, and GE.
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Bullet Train/High-Speed Rail Market is estimated to grow with a substantial CAGR of 6.04% in the forecast period of 2019-2026.
The report contains data of the base year 2018 and historic year 2017.
The factors behind the growth of the market are to minimise the journey time and reduce the road & air traffic, stringent rules by Government such as use of energy efficient transport and rise in number of projects of high speed rails by the government has driven the market.Bullet train/High-speed rail is an advanced railway transport that operates faster than traditional rail traffic.
Globally, there is no single speed standard to term high-speed rail, new high speed train with speed of 250 kmph & above and existing train with speed of 200 kmph & above are widely considered to be high-speed rail.
Bullet train/High-speed rail uses an integrated system of specialized rolling stock and dedicated tracks to achieve high speed.
Bullet train/High-speed rail works on the maglev principle.
The global High Speed Engine Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the high-speed engine market include Anglo Belgian Corporation, Caterpillar, CNPC Jichai Power Company Limited, Cummins, Daihatsu Diesel Mfg, Deutz, Doosan Infracore, FPT Industrial, Guangzhou Diesel Engine Factory, Hyundai Heavy Industries, and IHI Power Systems.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global High Speed Engine Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/high-speed-engine-market/download-sampleMarket DynamicsThe high demand for efficient, lower emission engines with fewer fuel restrictions are the primary impetus for market growth.
Government legislation regarding the operation of marine engines with specific fuels will benefit the development of the market in the marine sector.
The growing popularity of fishing and cruising as recreational and tourism activities will boost the demand for high-speed marine engines.
