The two primary factors impacting the growth of the railway signalling system market are the rise in investment in projects related to the railway network and the rise in demand for cutting-edge transportation infrastructure.
The market’s growth is also constrained by high installation costs and an increase in intelligent solutions. Additionally, the advent of autonomous systems and enhanced infrastructure are predicted to make it easier to extend the railway network, opening up lucrative opportunities for the railway signalling system sector.
Travel is now more dependable and on time thanks to the development of the railway network. Population expansion and the demand for rail transportation options have made this conceivable.
The Latin America Rail Signaling Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030
The consortium that will supply the Tren Maya, a sizable intercity railroad project in Mexico that will revolutionise sustainable transportation in the country, includes Alstom Transport Mexico, Bombardier Transportation Mexico, Gami Ingeniera e Instalaciones, and Construcciones Urales Procesos Industriales.
A group lead by Alstom-Bombardier will develop, produce, and install the 42 X’trapolis trains in operation.
Additionally, the consortium will be in charge of the entire signalling system, including the design, provision, and installation of the ETCS onboard technology and more than 1,500 km of trackside equipment, including ETCS, interlocking, and traffic management, and telecommunications systems, utilising the entire Alstom portfolio.
The consortium is also in charge of constructing the garages and workshops for maintenance and supplying hardware for the system after-sales support.
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