Global Connected Rail Market is valued at USD 92.44 Billion in 2021 and expected to reach USD 129.39 Billion by 2028 with the CAGR of 4.92% over the forecast period.
The connected rail, by rail services type has been divided into passenger information system, passenger mobility & services, automated fare collection system, train tracking & monitoring solutions, predictive maintenance, IP video surveillance, and among the others. Further the connected rail divided by rolling stock, the segment comprises electric locomotive, diesel locomotive, EMU, DMU, subway/metro vehicle, light rail/tram car, freight wagon, and passenger coach. The connected rail again divided by connected safety & signaling system includes communication/computer based train control, positive train control, and automatic/integrated train control. By area, the market is divided into Asia-Pacific, Europe, North America, and ROW. In connected rail systems, users stay online via free Wi-Fi in platforms and within the train. Legacy infrastructure of railways is being restored by modern train management systems. Trains transmit data bi-directionally in train management systems among the network control center and themselves. The network control center is the central hub of a train management system.
The CBTC section is predicted to add up for the biggest market share, in signaling and safety connected rail market, in terms of value, whereas, predictive maintenance section adds up for the biggest market share, in connected service connected rail market in terms of value. The rolling stock dominates the overall market, the second biggest in the section are connected services with biggest market share, in terms of value, followed by safety and signaling system section which is the third biggest section of overall connected rail market. The freight wagon section is predicted to account for the largest market share, in rolling stock connected rail market, in terms of value, in 2017.
Connected Rail Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Connected Rail Market place for the forecast 2022– 2028. The Computer Based Train Control is updated system of typical old-block signaling system. The Computer Based Train Control -fitted trains are capable of communicating, calculating, and offered update via radio to the wayside equipment distributed along the line. Computer Based Train Control system permits the optimal usage of the current rail infrastructure in attaining maximum capacity.
The major players included in the global connected rail market forecast are,
The continuous growth in population in metro cities, growing urbanization, and congested roads are the factors that have directly elevated the requirement for public transport such as railways, which directly powers the connected rail market. The connected public transportation also offers traveling experience and efficient traffic management and, but the slow development in developing nations might impact the overall development of connected railway market.
The CBTC (Computer Based Train Control) are updated system of typical old-block signaling system. The CBTC-fitted trains are capable of communicating, calculating, and offered update via radio to the wayside equipment distributed along the line. CBTC system permits the optimal usage of the current rail infrastructure in attaining minimum headway and maximum capacity between operating trains, while maintaining the security needs. These techs have powered the development of connected rail technology.
Europe is predicted to rule the connected rail market, in terms of value, as it includes some of the technology innovator nation in the world, including France, U.K., Germany, and others. This has resulted in an elevation in connected rail value in late times, with rail technology innovators and rail manufacturers catering not only to the local demand but also to overseas demand too. In addition to this, the area is going to dominate the market in terms of value, owing to major rolling stock technology innovative and manufacturers are innovating new tech daily so as to meet the customer satisfaction and regulatory norms.
Middle East and Africa
|Historical data||2015 - 2021|
|Forecast Period||2021 - 2028|
|Market Size in 2020:||USD 92.44 billion|
|Base year considered||2021|
|Forecast Period CAGR %:||4.92%|
|Market Size Expected in 2028:||USD 129.39 Billion|
|Tables, Charts & Figures:||175|
|Digital Map Companies||Huawei Technologies Co, Siemens AG, Hitachi Limited, Wabtec Corporation, Trimble, Inc., Robert Bosch GmbH, Cisco Systems, Inc., Nokia Corporation, Atos Corporation, IBM Corporation|
|Segments Covered||By Component, By Mapping Type, By Solution, By Vertical, By Service, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|