Global Connected Rail Market Analysis 2022

Global Connected Rail Market Analysis 2022

The Global Connected Rail Market is expected to reach $132.22 billion by 2028 growing at a CAGR of 6.2% from 2021 to 2028. 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. In connected rail systems, the passengers travelling 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.

Factors such as rising emphasis on smart infrastructure, increasing need for safety and compliance in rail transit, and surge in number of passengers over past few years are driving the growth of the market. However, difficulties in data management, privacy & data security of commuters, and lack of technology infrastructure are restraining the growth of the market.

Based on rolling stock, the freight wagon segment is going to have a lucrative growth during the forecast period which can be attributed to the rising innovations such as dedicated freight corridors. Freight wagons are rolling stocks that are used to transport goods and commodities. As compared to road transportation, this mode of transportation can carry a large amount of cargo in a single trip, while still taking less time over long distances than a maritime route. Governments across all parts of the world are putting a premium on last-mile connectivity for trade, resulting in a boom in investment in logistical infrastructure.

The key vendors mentioned are Alstom SA, Atos Corporation, Bombardier Inc., CalAmp, Cisco Systems,Inc, Hitachi, Huawei, IBM Corporation, Nokia Corporation, Robert Bosch GmbH, Siemens, Sierra Wireless, Tech Mahindra Limited, Trimble,Inc, and Wabtec Corporation.

Rolling Stocks Covered:

• Subway/Metro Vehicle
• Passenger Coach
• Freight Wagon
• Diesel Multiple Unit (DMU)
• Electric Multiple Unit (EMU)
• Light Rail/Tram Car
• Diesel Locomotive
• Electric Locomotive

Services Covered:

• Automated Fare Collection System
• Freight Management System
• IP Video Surveillance
• Passenger Information System
• Passenger Mobility and Services
• Predictive Maintenance
• Train Tracking & Monitoring Solutions

Safety & Signaling Systems Covered:

• Automated/Integrated Train Control (ATC)
• Communication/Computer-based Train Control (CBTC)
• Positive Train Control (PTC)

Regions Covered:

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

Key Questions Answered in this Report:

• How this market evolved since the year 2020
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period