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.
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.
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
Passenger Mobility and Services
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
Freight Management System
Freight Operation Management
Light Rail/Tram Car
By Safety &
Positive Train Control (PTC)
Communication/Computer-based Train Control (CBTC)
Automated/Integrated Train Control (ATC)
Asia Pacific (APAC)
Rest of the World
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.
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
KEY COMPANIES IN
CONNECTED RAIL MARKET
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:
Cisco Systems, Inc.
Huawei Investment & Holding Co., Ltd.
Robert Bosch GmbH
Sierra Wireless, Inc.
Tech Mahindra Ltd.