Train Protection & Warning System (TPWS) Market
Train Protection & Warning System (TPWS) Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Train Protection & Warning System (TPWS) Market Size and Growth
The global Train Protection & Warning System (TPWS) market is expected to grow at a CAGR of 6.7% during the forecast period of 2021-2026. The market is estimated to reach a value of $1.6 billion by 2026, driven by increasing safety regulations in the railway industry and the need for advanced signaling technology.
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Companies Covered (Covid 19 Impact Covered)
◍ Thales Group
◍ RSSB
◍ Mors Smitt
◍ Hytera
The competitive landscape of the Train Protection & Warning System (TPWS) market includes Thales Group, RSSB, Mors Smitt, and Hytera. These companies offer innovative TPWS solutions to enhance railway safety. Thales Group reported $22.72 billion in sales revenue, RSSB $19 million, and Mors Smitt $53.8 million in 2020.
These companies' advancements contribute to the growth of the TPWS market by ensuring efficient and reliable train protection systems.
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