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Connected Rail Market Size, Share & Industry Analysis, By Services (Passenger Mobility and Services., Passenger Information System., Train Tracking and Monitoring Solutions, Automated fare Collection Systems., Predictive Maintenance.), By Rail Signaling System (Positive Train Control (PTC)., Communication Based Train Control (CBTC)., Automatic Train Control (ATC).), By Rolling Stock (Diesel Locomotive., Electric Locomotive., DMU, EMU, Light Rail/ Tram Car., Subway/ Metro Vehicle, Passenger Coach, Freight Wagon.) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105910 | Status : Ongoing

 

KEY MARKET INSIGHTS

In connected rail systems, the passengers traveling stay online through free Wi-Fi facility available inside the train and on platforms. Modern train management systems are replacing the conventional infrastructure of railways. In train management systems, trains communicate by data in both directions, among themselves and the network's control center. The network control center is the CPU of a train management system. The railway passenger mobility and services system comprises Wi-Fi devices and entertainment facilities on-board. A connected rail system, at its core, is an automatic system that provides a user of the rail transport system the necessary information over voice, visual, or other media. The system consists of an information announcement system and a rail display system.


The rapid increase in passenger traffic is anticipated to increase the consumption of data, which is projected to increase the demand for connected rail. The rise in the implementation of IoT (Internet of Things) is anticipated to create a huge opportunity for the connected rail market. Factors such as the need for safety and security systems to be connected through the internet while traveling, different government regulations to install the smart railway systems, increase in population, and the rapid urbanization, which leads to demand for high-end public transport will result in increasing implementation of connected rail. However, the comparatively higher cost of installing and integrating several rail signaling systems and connected rail services such as passenger information systems and automated fare collection (AFC) will restrain the adoption of connected rail technology.

Key Market Driver -

The increase in need for safety measures , constant connectivity through the internet and implementation of smart railway services are some of the major derivers for the market.

Key Market Restraint -

The high cost in the installation of the Connected rail systems is the major restraint for the market.


Market Segmentation:


The connected rail market can be segmented by services, by rolling stock, by rail signaling system, and by region. By service, the market is segmented into passenger mobility, passenger information system (PIS), train tracking and monitoring, automated fare collection system, and predictive maintenance. The passenger information system segment is expected to hold the largest share of the market during the forecast period. Factors such as increased demand for real-time visual and audio information to passengers at transfer facilities and stations are expected to drive the growth of the market. Based on rail signaling system, the market is sub-segmented into PTC, CBTC, and ATC. The CBTC segment is expected to hold the largest share of the market during the forecast period. CBTC enables managing railway speed and traffic more efficiently, and it also enables to increase capacity and decrease the distance between the trains. Based on rolling stock, the market is sub-segmented into diesel locomotive, electric locomotive, DMU, EMU, light rail/ tram car, subway/ metro vehicle, passenger coach, freight wagon. The freight wagon segment accounted for the largest market share in 2020, and it is expected to dominate the market during the forecast period. Factors such as the rise in urbanization and railways being the most cost-effective mode of transportation of cargo and other goods are anticipated to boost the growth of this segment.

Key Players:


Key players in the global market include Huawei Technologies Co.ltd., Siemens AG, Hitachi Limited, Wabtec Corporation, Trimble,Inc. < Robert Bosch GmbH, Cisco Systems,Inc. Nokia Corporation, Atos Corporation, and IBM Corporation.

Key Insights



  • New Advancements in Connected Rail Market.

  • Segmentation of Connected Rail Market.

  • New Products and Key Players.


Regional Analysis.


On the basis of Geography, the Global Connected Rail Market is categorized into North America, Europe, Asia Pacific, and Rest of the World. Europe held the largest market share in 2020. Factors such as enhanced railway infrastructure and technological advancements are expected to drive the market growth. Asia Pacific is expected to show substantial growth in the market during the forecast period. Factors such as ease of operation in railways and increased urbanization in the countries such as India and China are expected to drive the growth of the market. North America is expected to account for significant market share over the forecast period. Factors such as the rise in implementation of IoT (Internet of Things) and increased transportation of freight goods through railways are expected to drive market growth.

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Segmentation


























 ATTRIBUTES 

 DETAILS     

By Services



  • Passenger Mobility and Services.

  • Passenger Information System.

  • Train Tracking and Monitoring Solutions

  • Automated fare Collection Systems.

  • Predictive Maintenance.



 By Rail Signaling System



  • Positive Train Control (PTC).

  • Communication Based Train Control (CBTC).

  • Automatic Train Control (ATC).



By Rolling Stock



  • Diesel Locomotive.

  • Electric Locomotive.

  • DMU

  • EMU

  • Light Rail/ Tram Car.

  • Subway/ Metro Vehicle

  • Passenger Coach

  • Freight Wagon.



By Region

 



  • Asia Pacific

  • Europe

  • North America

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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