Positive Train Control

Positive Train Control Market Outlook

The global Positive Train Control (PTC) market is anticipated to reach approximately USD 5.2 billion by 2035, growing at a robust CAGR of 6.5% between 2025 and 2035. This growth is primarily driven by the increasing demand for safety and efficiency in railway operations, along with regulatory mandates for advanced train control systems. The pressing need to minimize human error, improve train scheduling, and enhance overall operational efficiency are key factors propelling the market forward. Additionally, the escalating investments in modernizing rail infrastructure across multiple regions play a significant role in fostering market expansion. The technological advancements in communication systems and data analytics further support the integration of PTC systems, contributing to a safer rail transport environment.

Growth Factor of the Market

The growth of the Positive Train Control market is intricately linked to several vital factors that encompass technological, regulatory, and economic dimensions. Primarily, the implementation of stringent safety regulations such as the Rail Safety Improvement Act in the United States has mandated the adoption of advanced train control systems to enhance safety measures. In addition, the rise in railway accidents due to human error has driven railway operators to adopt PTC systems, which offer automated control over train speeds and movements. Furthermore, the increasing investment in rail infrastructure to promote public transport and reduce traffic congestion in urban areas is creating a conducive environment for PTC systems to thrive. The integration of advanced technologies such as Internet of Things (IoT) and big data analytics into PTC systems is also an accelerating factor, providing real-time insights and predictive maintenance capabilities that enhance operational efficiency. Moreover, the growing emphasis on sustainability and reducing carbon footprints is pushing operators towards adopting more efficient and safer transport technologies, which PTC systems provide.

Key Highlights of the Market

• The global PTC market is projected to reach USD 5.2 billion by 2035, with a CAGR of 6.5% during the forecast period.
• Regulatory mandates are significantly driving the adoption of PTC across various regions.
• Technological advancements in communication systems are enhancing the capabilities of PTC systems.
• Investment in the modernization of rail infrastructure is facilitating market growth.
• The increasing focus on safety and efficiency in rail operations is fostering demand for PTC solutions.

By Component

Software:

Software plays a pivotal role in the Positive Train Control market, acting as the brain that processes data, manages operations, and ensures safety. This includes various applications such as train scheduling, monitoring, and emergency response systems. The software solutions are designed to communicate with various hardware components, ensuring seamless integration and real-time data exchange. As the technology evolves, software solutions are becoming more sophisticated, incorporating artificial intelligence and machine learning to improve predictive maintenance and operational efficiency. These advancements allow for automated decision-making processes that enhance safety measures and reduce human error. Furthermore, as software updates can be deployed remotely, the ongoing maintenance and upgrade costs are significantly lower compared to traditional systems, making it an attractive investment for railway operators.

Hardware:

Hardware components are critical to the implementation of Positive Train Control systems, encompassing various devices such as sensors, signaling devices, and onboard equipment. The hardware allows for effective communication between the train and the control center, ensuring that safety protocols are adhered to at all times. These components include GPS systems, which are essential for real-time location tracking, and onboard displays that inform the crew about necessary actions during operations. The advancements in hardware technology have also led to the development of more compact and efficient devices that are easier to install and maintain, thus reducing downtime. The integration of robust hardware systems with existing rail infrastructure can significantly enhance the overall safety and reliability of train operations, driving further investment in hardware solutions.

Services:

Services in the Positive Train Control market are increasingly crucial for ensuring the effective implementation and ongoing support of PTC systems. This segment includes consulting, training, maintenance, and support services provided by solution vendors and system integrators. As railway operators adopt PTC systems, they require specialized training for staff to effectively use these advanced technologies, which has led to a surge in demand for comprehensive training services. Additionally, ongoing maintenance and technical support are essential for the longevity and reliability of PTC systems, as any malfunction could compromise safety. The consulting services offered by experts help railway operators in strategizing and optimizing their PTC implementation, ensuring they meet regulatory standards and achieve operational efficiency. As the market evolves, the demand for specialized services will continue to grow, making it a vital component of the PTC ecosystem.

By Technology

Communication Based Train Control (CBTC):

Communication Based Train Control (CBTC) technology is a crucial segment within the Positive Train Control market, utilizing wireless communication to facilitate the real-time exchange of information between trains and control centers. This system allows for precise train positioning and speed regulation, enabling higher frequencies of train movement without compromising safety. CBTC systems are particularly beneficial in urban transit environments where multiple trains operate in close proximity, as they can increase capacity and reduce delays. The technology supports automated train operations, which minimizes human error and enhances operational efficiency. Moreover, the growing urbanization and need for sustainable public transport solutions have increased the demand for CBTC systems, making them a significant driver for market growth.

Integrated Train Control (ITC):

Integrated Train Control (ITC) technology represents a comprehensive approach to managing train operations by integrating various subsystems such as signaling, control, and communication into a single cohesive framework. This integration allows for enhanced coordination between different operational components, leading to improved safety, efficiency, and reliability of train services. ITC systems enable centralized monitoring and control, which simplifies operational management and reduces the chances of errors. The growing focus on streamlining operations and minimizing delays in railway transport is fostering the adoption of ITC solutions. Furthermore, as technology advances, the emergence of cloud-based ITC systems is providing railway operators with the flexibility and scalability needed to adapt to evolving market demands.

Positive Train Separation (PTS):

Positive Train Separation (PTS) technology is essential for ensuring the safe spacing of trains operating on the same track. This technology automatically enforces safe distances between trains, significantly reducing the risk of collisions and other accidents. By utilizing advanced algorithms and real-time data, PTS systems provide operators with critical information about train positions and movements, enabling timely interventions when necessary. The increasing emphasis on safety within the rail industry is driving the adoption of PTS systems, as operators seek to comply with stringent safety regulations. As railway networks expand and traffic increases, the demand for PTS solutions is expected to rise, making it a vital segment within the broader Positive Train Control market.

By Communication Based Train Control

Track-to-Train Communication:

Track-to-train communication is a fundamental aspect of Communication Based Train Control (CBTC) systems, enabling the continuous exchange of information between the train and the track infrastructure. This communication allows for real-time updates on train speed, position, and scheduling, ensuring that trains operate within safe parameters. The implementation of track-to-train communication enhances situational awareness for train operators, facilitating quicker decision-making and improving overall safety. As advancements in wireless technology continue to evolve, the efficiency and reliability of track-to-train communication systems are expected to improve, fostering greater adoption in the PTC landscape. The growing complexity of rail networks further underscores the importance of robust communication systems in maintaining operational efficiency.

Train-to-Central Communication:

Train-to-central communication is vital for the operational oversight of train movements, allowing control centers to monitor and manage the trains in real-time. This communication channel is crucial for coordinating train schedules, managing traffic, and responding to emergencies. By providing operators with timely information on train status, delays, and potential hazards, train-to-central communication systems enhance the overall safety and reliability of railway operations. The evolution of communication technologies, including 5G and advanced satellite systems, is expected to significantly enhance the capabilities of train-to-central communication, ensuring that data transmission is swift and secure. Consequently, this segment is poised for substantial growth as railway operators increasingly recognize the necessity of real-time communication for effective train management.

By Integrated Train Control

Automatic Train Operation (ATO):

Automatic Train Operation (ATO) is an integral part of Integrated Train Control systems, enabling the automation of train operations from start to stop, thus minimizing the need for human intervention. ATO systems are designed to handle various operational tasks including acceleration, braking, and stopping at designated stations, significantly enhancing the efficiency of train services. The adoption of ATO technology is driven by its ability to improve punctuality, reduce operational costs, and increase safety by mitigating human errors. As urban transit systems expand and the demand for reliable public transportation increases, ATO is becoming a critical element of modern rail infrastructure. Moreover, advances in sensor technologies and software algorithms are continuously improving the performance of ATO systems, making them more attractive for railway operators looking to modernize their fleets.

Traffic Management Systems:

Traffic Management Systems (TMS) are a key component of Integrated Train Control, tasked with overseeing the movement of trains across the network to optimize traffic flow and ensure safety. TMS integrates various technologies, including real-time data analytics and predictive modeling, to foresee potential conflicts or delays and provide corrective measures to operators. The efficiency of TMS directly impacts the overall performance of railway operations, making it essential for reducing bottlenecks and enhancing service reliability. As railway networks become increasingly complex, the need for sophisticated traffic management solutions that can handle the growing volume of train movements becomes paramount. The rising investments in digital infrastructure and smart transportation systems are expected to propel the demand for advanced TMS solutions in the PTC market.

By Positive Train Separation

Train Control Systems:

Train Control Systems are a cornerstone of Positive Train Separation technology, designed to maintain safe distances between trains operating on the same track. These systems use real-time monitoring and automated responses to ensure that trains maintain appropriate spacing, thus minimizing the risk of collisions. The integration of advanced sensors and communication technologies enhances the effectiveness of Train Control Systems, allowing operators to receive immediate alerts in case of any deviations from safe operational parameters. As safety regulations become more stringent, the adoption of Train Control Systems is expected to increase significantly among railway operators, ensuring compliance with necessary standards. The high reliability and accuracy of these systems make them indispensable for modern rail networks.

Collision Avoidance Systems:

Collision Avoidance Systems are critical for enhancing the safety measures employed within Positive Train Separation frameworks. By utilizing a combination of sensors, cameras, and advanced algorithms, these systems are capable of detecting potential collision scenarios and implementing preventive actions to avert accidents. The increasing focus on safety in railway operations, coupled with regulatory requirements for risk mitigation, is driving the adoption of Collision Avoidance Systems among railway operators. The capabilities of these systems extend beyond mere collision prevention, as they can also assist in optimizing train performance and scheduling. As technology evolves, the sophistication of Collision Avoidance Systems is expected to improve, further solidifying their role in ensuring safe railway operations.

By Train Type

Freight Trains:

Freight trains are a significant segment of the Positive Train Control market, transporting goods and materials over long distances. The increasing demand for efficient and safe transportation of cargo is driving the adoption of PTC solutions tailored for freight operations. With the implementation of PTC systems, freight trains can benefit from enhanced operational efficiency, as these systems enable precise scheduling and reduced transit times. Moreover, the integration of PTC technology helps minimize the risk of accidents, providing a safer environment for both rail operators and the general public. As logistics and supply chain demands continue to grow, the importance of modernized freight train operations supported by PTC systems cannot be overstated.

Passenger Trains:

Passenger trains represent a crucial segment of the Positive Train Control market, as they are responsible for the safe and timely transportation of individuals across urban and rural landscapes. The need for increased safety measures, improved punctuality, and enhanced passenger experiences is propelling the adoption of PTC solutions within this segment. With PTC systems in place, passenger trains can operate with greater precision, allowing for better scheduling and reduced delays. Furthermore, the integration of advanced safety features such as automatic braking and collision avoidance enhances the overall safety profile of passenger train services. As passenger demand for rail transport continues to rise, the investment in PTC solutions for this segment is expected to increase significantly, contributing to the overall growth of the market.

By End User

Railway Operators:

Railway operators are the primary end-users of Positive Train Control systems, as they seek to enhance safety, efficiency, and reliability in their operations. The growing need to comply with safety regulations and minimize operational hazards has driven railway operators to integrate advanced PTC technologies into their infrastructure. By utilizing PTC systems, operators can streamline their train management processes, improve scheduling, and reduce the likelihood of accidents caused by human error. The increasing investments in rail modernization and technology upgrades are further facilitating the growth of PTC systems among railway operators. As competition intensifies in the transportation sector, the emphasis on operational excellence and passenger safety will continue to propel the adoption of PTC solutions by railway operators.

Government Agencies:

Government agencies play a crucial role in the Positive Train Control market as both regulators and facilitators of rail safety initiatives. These agencies are responsible for establishing safety standards and regulations that mandate the implementation of advanced train control systems across various regions. Their commitment to enhancing public safety and reducing accidents in railway operations has accelerated the adoption of PTC solutions. Moreover, government funding and support for infrastructure development projects contribute significantly to the growth of PTC systems. As the focus on sustainable transportation and public safety intensifies, government agencies will continue to be key drivers of the Positive Train Control market, ensuring compliance and promoting the adoption of these advanced technologies.

By Region

The regional analysis of the Positive Train Control market reveals a diverse landscape, with North America being the leading region owing to stringent regulatory frameworks and significant investments in rail infrastructure. The North American market is projected to surpass USD 2.1 billion by 2035, growing at a CAGR of 7% due to the implementation of regulations like the Rail Safety Improvement Act, which mandates the installation of PTC systems. Europe follows closely, with an estimated market size of USD 1.5 billion by 2035, driven by the European Union's focus on enhancing railway safety and efficiency. Furthermore, the Asian Pacific region is predicted to exhibit substantial growth in the coming years, driven by rapid urbanization and increased investments in railway modernization projects, with a projected market size of USD 1 billion by 2035.

Latin America and the Middle East & Africa are also expected to contribute to the Positive Train Control market, albeit at a slower pace. The Latin American market is projected to reach around USD 500 million by 2035 as countries in the region begin to prioritize railway safety and modernization initiatives. In the Middle East & Africa, the market is estimated to reach approximately USD 300 million by 2035, fueled by the growing emphasis on rail transport as a sustainable alternative for passenger and freight movement. However, the adoption of PTC systems in these regions will largely depend on government policies and investments in infrastructure development. Overall, the global Positive Train Control market is poised for significant growth as various regions embrace safety and technology advancements in railway operations.

Opportunities

The Positive Train Control market is poised for vast opportunities, driven by the increasing emphasis on safety and the need for modernization in railway operations. One of the primary opportunities lies in the adoption of advanced technologies such as artificial intelligence and machine learning, which can enhance the predictive capabilities of PTC systems. By leveraging these technologies, railway operators can optimize their maintenance schedules, reduce downtime, and improve overall operational efficiency. Additionally, the growing focus on smart transportation solutions presents a vast opportunity for PTC systems, as cities and municipalities seek to integrate various modes of transport into a cohesive network. This integration can lead to improved passenger experiences and heightened safety measures, further driving the adoption of PTC technologies.

Moreover, as global efforts to combat climate change intensify, the rail industry is under increasing pressure to reduce its carbon footprint. Positive Train Control systems can play a significant role in this transition by optimizing train operations and reducing energy consumption. The integration of renewable energy sources into rail operations, combined with PTC technologies, can lead to a more sustainable transportation system. Furthermore, the increasing investments in railway infrastructure, particularly in emerging economies, provide a fertile ground for the growth of PTC systems. Governments and private entities are recognizing the importance of modernizing rail networks, presenting lucrative opportunities for PTC solution providers to establish their presence and expand their market share.

Threats

Despite the promising growth prospects for the Positive Train Control market, several threats could potentially hinder its progress. One of the primary concerns is the high cost associated with the implementation and maintenance of PTC systems. Railway operators, particularly in developing regions, may struggle with the financial burden of upgrading their infrastructure to accommodate advanced technologies. Additionally, resistance to change from traditional operational practices could pose challenges to the widespread adoption of PTC systems. Operators may be hesitant to invest in new technologies without clear evidence of their long-term benefits, which could slow market growth. Furthermore, cybersecurity threats are a growing concern as railway systems become increasingly interconnected and reliant on digital technologies. Protecting sensitive data and ensuring the security of communication networks is essential to maintaining trust and safety in rail operations.

Another significant threat arises from the rapid pace of technological advancements. As new technologies continue to emerge, there is a risk that existing PTC systems may quickly become obsolete, leading to increased costs for operators who must constantly upgrade their systems to stay competitive. This dynamic environment necessitates that PTC solution providers remain agile and responsive to market changes, which can be challenging. Lastly, stringent regulatory requirements, while intended to enhance safety, can also create barriers to entry for new players in the market, limiting competition and innovation. Overall, while the Positive Train Control market presents numerous opportunities, stakeholders must navigate these threats effectively to ensure sustained growth and success.

Competitor Outlook

• Siemens AG
• Alstom S.A.
• Bombardier Inc.
• Thales Group
• Hitachi Rail Ltd.
• Knorr-Bremse AG
• GE Transportation
• PTC Inc.
• ABB Ltd.
• Indra Sistemas S.A.
• CAF S.A.
• Stadler Rail AG
• Huawei Technologies Co., Ltd.
• Wabtec Corporation
• Invensys Rail

The competitive landscape of the Positive Train Control market is characterized by a diverse array of global players, each vying for a share of this rapidly growing sector. Major companies such as Siemens AG and Alstom S.A. are at the forefront of developing advanced PTC solutions, leveraging their extensive experience in the rail industry and commitment to innovation. These companies have established strong partnerships with government agencies and railway operators, facilitating the widespread implementation of PTC systems. Additionally, they are continually investing in research and development to enhance their product offerings and remain competitive. The focus on technological advancements and the ability to provide integrated solutions are essential factors that distinguish these market leaders.

Another key player in the Positive Train Control market is Bombardier Inc., which offers a range of solutions tailored to the specific needs of railway operators. Their expertise in train control and signaling systems has positioned them as a reliable partner for various railway projects worldwide. Similarly, Thales Group is renowned for its cutting-edge communication and signaling technologies, which are integral components of modern PTC systems. The company's strong emphasis on safety and reliability has earned it a prominent position in the market. Furthermore, the emergence of newer players like Huawei Technologies Co., Ltd. indicates growing competition in the market, as these companies leverage their technological prowess to penetrate the rail industry.

The ongoing trend of consolidation among major players is also shaping the competitive landscape, as companies seek to enhance their market presence through strategic mergers and acquisitions. This consolidation enables firms to expand their product portfolios, access new markets, and leverage cost synergies. As the Positive Train Control market continues to evolve, the ability to offer comprehensive solutions that integrate hardware, software, and services will be crucial for gaining a competitive edge. Companies must remain agile and adaptable to keep up with the rapidly changing landscape, ensuring they meet the evolving needs of railway operators and regulatory authorities.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ABB Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 CAF S.A.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 PTC Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Siemens AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Alstom S.A.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Thales Group
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Invensys Rail
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Bombardier Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Knorr-Bremse AG
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Stadler Rail AG
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 GE Transportation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Hitachi Rail Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Wabtec Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Indra Sistemas S.A.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Huawei Technologies Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Positive Train Control Market, By End User
    • 6.1.1 Railway Operators
    • 6.1.2 Government Agencies
  • 6.2 Positive Train Control Market, By Component
    • 6.2.1 Software
    • 6.2.2 Hardware
    • 6.2.3 Services
  • 6.3 Positive Train Control Market, By Technology
    • 6.3.1 Communication Based Train Control (CBTC)
    • 6.3.2 Integrated Train Control (ITC)
    • 6.3.3 Positive Train Separation (PTS)
  • 6.4 Positive Train Control Market, By Train Type
    • 6.4.1 Freight Trains
    • 6.4.2 Passenger Trains

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Positive Train Control Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Positive Train Control market is categorized based on

By Component

• Software
• Hardware
• Services

By Technology

• Communication Based Train Control (CBTC)
• Integrated Train Control (ITC)
• Positive Train Separation (PTS)

By Train Type

• Freight Trains
• Passenger Trains

By End User

• Railway Operators
• Government Agencies

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Siemens AG
• Alstom S.A.
• Bombardier Inc.
• Thales Group
• Hitachi Rail Ltd.
• Knorr-Bremse AG
• GE Transportation
• PTC Inc.
• ABB Ltd.
• Indra Sistemas S.A.
• CAF S.A.
• Stadler Rail AG
• Huawei Technologies Co., Ltd.
• Wabtec Corporation
• Invensys Rail