The Global Railway Signaling System Market size is valued at USD 15.04 billion in 2023 and is projected to reach USD 22.18 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.13% during the forecast period, i.e., 2024-30. The factors attributing to the growth in the demand for railway signaling systems are the rising investments by the government & private entities for building railway network infrastructure, and the growing focus of the train operating companies on the safety of passengers.
Global Railway Signaling System Market Research Report: Forecast (2024-2030)