Connected Rail Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

INTRODUCTION

Modern train management systems such as linked rail, which transmits bidirectional data between trains, and network control center, which is the train management system's central processing unit, are replacing old railway management systems. The Wi-Fi service inside the train and at the platform is provided via the connected rail system to onboard passengers. Additionally, connected rail offers onboard and offboard IP-based communication, video surveillance, passenger information, entertainment, and automated operations like automatic train control (ATC) and communication-based train control (CBTC). As a result, connected rail has aided in increasing the rail industry's safety, mobility, and efficiency. The railway is one of several modes of transportation accessible for commercial trade, and it is likely to be the cheapest solution. When compared to road transportation, this mode of transportation may move more freight in a single journey while yet taking less time across great distances than a sea route. The global value of connected rail market is estimated to USD 94.60 billion and the respective market is expected to grow at a CAGR of 5.60% over the forecasted period.

The connected rail market is rapidly approaching pre-COVID levels, and a solid growth rate is predicted throughout the forecast period, fueled by economic recovery in the majority of developing countries.

GROWTH DRIVERS

The surge in IoT (Internet of Things) deployment is expected to generate an imminent possibility for the connected rail business. A connected rail system delivers better high-speed internet on a moving train, with all data and transactions handled over Wi-Fi. The linked train offers services such as passenger mobility, a passenger information system, an automated fare collection system, and CCTV camera surveillance, among other things. Connected rail enhances reliability and safety. With current technological advancements, ageing trains can be enhanced by using a connected rail system. Because of these advantages, demand for connected rail systems is driving market expansion.

The expansion of the connected rail sector can be ascribed to urbanization in nations such as China and India, as well as investments in freight rail infrastructure to service these countries' mining and natural resource markets. Governments around the world are placing a priority on last-mile connection for commerce, which has resulted in a surge in investment in logistical infrastructure. The number of projects to develop the railway network for inter-state and intra-state commerce is increasing. Similarly, developments like dedicated freight corridors are expected to increase trading opportunities, hence raising demand for freight wagons.

Additionally, the rapid increase in passenger traffic is expected to boost data usage, resulting in an increase in demand for connected rail. The frequent suspension of public transportation networks, along with the virus's highly contagious nature, increased the need for passenger automobiles, resulting in a demand for connected rail products.

The relatively high cost of implementing and integrating various rail signaling systems and connected rail services such as passenger information systems and automated fare collection (AFC) will limit the adoption of connected rail technologies.

However, the market's growth would also be hindered by costly initial investment and data security and privacy issues.

CONNECTED RAIL MARKET SEGMENTATION

By Service

·         Passenger Mobility and Services

·         Wi-Fi Devices

·         On Board Entertainment

·         Passenger Information System

·         Information Announcement System

·         Rail Display Systems    

·         Railway Platform Displays

·         Railway Concourse Displays

·         Railway Onboard Displays

·         Emergency Displays (EDNE Displays)

·         Station Evacuation (SEVAC)

·         Railway Station Clocks

·         Train Tracking & Monitoring Solutions

·         Automated Fare Collection System

·         IP Video Surveillance

·         Predictive Maintenance

·         Freight Management System

·         Freight Operation Management

·         Freight Tracking

·         Others

 

By Rolling Stock

·         Diesel Locomotive

·         Electric Locomotive

·         DMU

·         EMU

·         Light Rail/Tram Car

·         Subway/Metro Vehicle

·         Passenger Coach

·         Freight Wagon

 

By Safety & Signaling System

·         Positive Train Control (PTC)

·         Communication/Computer-based Train Control (CBTC)

·         Automated/Integrated Train Control (ATC)

 

By Region

·         North America

·         Europe

·         Asia Pacific (APAC)

·         Rest of the World

 

REGIONAL OUTLOOK

North America has a lot of freight movement. Because of the movement of imports and exports, as well as coal and oil shipments, freight trains play an essential part in the region's economy. According to the US Department of Transportation, freight train demand will rise to 88 percent by 2035. The railroads in the United States are part of an integrated network that also includes railroads in Canada and Mexico, making it the world's most cost-effective and efficient freight rail network. The connected rail market will be driven by the US government's safety and security standards. The United States and Canada are the region's leading countries, with great progress in the creation of smart cities and transportation projects. These countries have established and sustainable economic growth, allowing them to increase their investment in R&D operations and so contribute to the development of new technologies in the connected rail market.

China, Japan, South Korea, and India are among the growing economies in Asia Pacific. The region's connected rail business is developing as a result of urbanization, increased digital transformation investments, rising GDP in nations such as China and India, and investments in freight rail infrastructure to support the mining and natural resource markets. These developing countries are dealing with issues such as population expansion and a lack of infrastructure, which has increased passenger reliance on public transportation. The Asia Pacific connected rail market will be driven by government attempts to improve transportation services and a growth in the usage of real-time information systems in the transportation segment. In Asia Pacific, the Chinese market will be huge due to a significant increase in demand for high-tech railroads in the country.

KEY COMPANIES IN CONNECTED RAIL MARKET

The research report offers a competitive analysis of prominent companies operating in the global connected rail market. Some of the leading players profiled in the market research report include:

·         CalAmp Corporation

·         Cisco Systems, Inc.

·         Hitachi Ltd.

·         Huawei Investment & Holding Co., Ltd.

·         IBM Corporation

·         Nokia Corporation

·         Robert Bosch GmbH

·         Siemens AG

·         Sierra Wireless, Inc.

·         Tech Mahindra Ltd.

·         Trimble, Inc.

·         Wabtec Corporation

·         Other Players