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Connected Rail Market - Global Industrial Applications Witness Fastest Growth up to 2025
Connected Rail Market
The railway passenger mobility and services system consists of Wi-Fi devices and on-board entertainments. A railway passenger information system is an automatic system to provide users of rail transport system with necessary information through voice, visual, or other media. The system consists of information announcement system and rail display system. Diesel locomotives are engines that run on diesel. Electric locomotives are engines that run on electricity. Multiple units (MU) are trains coupled with other units of the same or similar type and controlled by a single driving unit in front. MU are of two types, diesel multiple units (DMU) and electric multiple units (EMU). DMUs run on diesel and EMUs run on electricity. A tram is a rail vehicle which runs on urban streets for commuting short to medium distances. Metros run on sub-ways or above the ground or both and are used for mass public transport in cities. Freight wagons are used for goods carriage. Positive train control is a type of train protection system used to control and monitor train movement. Communication-based train control is a type of railway signaling system using telecom infrastructure and is placed between track equipment and train in a train traffic management system.
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By service, the connected rail systems market is segmented into passenger information system (PIS), automated fare collection system, passenger mobility and services, train tracking and monitoring solutions, IP video surveillance, and predictive maintenance. By rolling stock, the market is classified into electric locomotive, diesel locomotive, EMU, DMU, subway/ metro vehicle, tram car, passenger coach, and freight wagon. By railway signaling system, the market is segmented into communication/ computer-based train control (CBTC), positive train control (PTC) and automated/ integrated train control (ATC).
By geography the connected rail systems market is divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is a major connected rail market in the world. The U.S is the largest market in this region. Canada and Mexico are other major markets in North America. Europe is another significant connected rail market. Germany is the largest market in Europe. The Netherlands, Sweden, Belgium, Spain, Italy, France and the U.K are other major markets in Europe. Asia Pacific is one of the largest connected rail markets in the world with China dominating the market in the region. India, South Korea, Japan and Australia are other major markets in the region. Middle East and Africa is a significant connected rail market led by Saudi Arabia, Turkey, Iran and South Africa. Latin America is another major connected rail market led by Brazil and Argentina. Brazil is the largest market in the region.
Rising passenger traffic is expected to see increase in data consumption which is anticipated to increase the demand for connected rail markets. Rising implementation of IoT (Internet of Things) is anticipated to present a huge opportunity for the connected rail market.
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The report mentions the diverse competitive strategies implemented by key companies operating in the connected rail systems market to increase market share. Company profiles provide details of company, its market presence by geography and segments, strategic overview, SWOT analysis, and historical revenue. The report also contains details of market share analysis of key players in the market. The manufacturing firm operating in the connected rail systems market are Huawei Technologies Co. Ltd (China), Siemens AG (Germany), Hitachi Limited (Japan), Wabtec Corporation (the U.S.), Trimble, Inc. (the U.S.), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (the U.S.), Nokia Corporation (Finland), Atos Corporation (France) and IBM Corporation (the U.S.).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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