Railway Signaling System Market Share

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.