Press release
Top Factor Driving Smart Railways Market Growth in 2025: Demand For Environmentally Friendly Transportation Fuels Smart Railway Market
Smart Railways Market Size
The anticipated boom in the smart railways market is set to be propelled by a growing demand for effective, environmentally friendly transportation alternatives. These transportation options are those which have minimal impact on the environment by producing less air and noise pollution and utilizing energy and resources more efficiently. The increasing popularity of such alternatives is driven by greater public understanding of environmental concerns, government regulations in favor of sustainability, and consumers opting for eco-friendlier travel methods. Smart railway systems embody these principles by using technology to streamline operations, lower emissions and energy use, improving the efficiency of transportation and offering an environmentally conscious alternative for sustainable mobility. For instance, in March 2024, Eurostat, an intergovernmental statistical organization based in Luxembourg, reported that the number of electrically powered railcars in France had increased to 7,113. Similarly, in Sweden, the number surged by 25.99% to 2,889 in 2022. Consequently, this swelling demands for eco-friendly, energy-efficient transportation alternatives is propelling the smart railways market's expansion.
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What Is the projected market size and growth rate for the smart railways market?
The market size of smart railways has experienced swift expansion in the past few years. The growth is projected to escalate from $28.64 billion in 2024 to $31.57 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.2%. The historic growth period has been fueled by factors such as heightened urbanization and population surge, increased government investments and policies, deteriorating railway infrastructure, increasing environmental anxieties and emissions regulations, along with a surge in the commuter's demand for smooth connectivity.
Forecast suggests a robust expansion in the smart railways market, which is projected to ascend to a whopping $46.07 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 9.9%. This surge during the forecast period can be credited to ongoing digitization endeavours in the railway industry, transition to Mobility as a Service (MaaS) models, government policies encouraging eco-friendly transportation solutions, and increased focus on data-centric decision making in railway operations. Key trends anticipated during the forecast period encompass incorporation of IoT devices and sensors, application of AI for anticipatory analytics, execution of digital twin technologies, the adoption of 5G for enhanced connectivity, emphasis on cybersecurity and amalgamation of railway services into mixed-mode transportation systems.
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What new trends are reshaping the smart railways market and its opportunities?
In an effort to stand out in the smart railway market, top companies are focusing on the creation of cutting-edge mobility solutions, like smart electric trains. These modern electric trains are equipped with the latest technologies for an improved balance of performance, efficiency, and passenger experience. A case in point is the November 2023 launch of Mireo Smart Electric Train by Siemens Mobility GmbH, a German transport solutions provider. The Mireo Smart Electric Train is an advanced version of the existing Mireo model, providing ample seating for 214 individuals, space for 21 bikes, and impressive performance features, such as a maximum speed of 160 km/h and acceleration up to 0.96 m/s^2. The train is also fitted with state-of-the-art passenger information and security monitoring systems, making it a functional and budget-friendly solution for railway operators. Additionally, it can seamlessly integrate with existing Mireo and Desiro HC trains.
What major market segments define the scope and growth of the smart railways market?
The smart railways market covered in this report is segmented -
1) By Type: Rail Freight, Passenger Rail
2) By Device And Component: Rail Sensors, Video Surveillance Cameras, Smart Cards, Networking And Connectivity Devices, Other Devices And Components
3) By Services: Consulting Services, System Integration
4) By Solutions: Passenger Information System, Freight Management System, Smart Ticketing System, Security And Safety Solutions, Rail Communication And Networking System, Rail Analytics System, Rail Asset Management And Maintenance Solutions, Rail Operation And Control Solutions
5) By End-Use: Mining, Construction, Agriculture, Other End-Uses
Subsegments:
1) By Rail Freight: Smart Freight Management Systems, Automated Cargo Handling, Real-Time Tracking And Monitoring, Predictive Maintenance For Freight Trains
2) By Passenger Rail: Smart Ticketing Solutions, Passenger Information Systems, Train Automation And Control, Real-Time Tracking And Passenger Analytics, Smart Stations And Infrastructure
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Europe was the largest region in the smart railways market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart railways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the smart railways industry growth?
Major companies operating in the smart railways market report are Huawei Technologies Co. Ltd.; Hitachi Ltd.; Siemens AG; General Electric Company; accenture* plc; International Business Machines Corporation; Cisco Systems Inc.; SAP SE; ABB Ltd.; Toshiba Corporation; Capgemini SE; L&T Technology Services Limited; Thales Group; Alstom SA; Infosys Technologies Private Limited; Atos SE; HCL Technologies Limited; Insight Enterprises Inc.; Wipro Limited; Wabtec Corporation; Tech Mahindra Limited; Presidio Inc.; ALE International SAS; Televic N.V.; Moxa Technologies
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What Is Covered In The Smart Railways Global Market Report?
•Market Size Forecast: Examine the smart railways market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart railways market for a structured understanding.
•Key Players Overview: Analyze major players in the smart railways market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart railways market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart railways market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart railways market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart railways market.
•Competitive Landscape: Review strategic developments in the smart railways market, including expansions, agreements, and new product launches.
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