The connected public transportation also provides efficient traffic management and convenient traveling experience, but the slow growth in developing countries would affect the overall growth of connected railway market.
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The connected rail market was estimated to be USD 77.27 billion in 2017 and is projected to reach USD 105.44 billion by 2022, at a CAGR of 6.42%. The growing urbanization, continuous growth in population in metro cities, and congested roads have directly increased the demand for public transport like railways, which directly boost the market for connected rail.
The Computer Based Train Control (CBTC) are upgraded system of typical old-block signaling system.
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CBTC system allows the optimal utilization of the existing rail infrastructure in achieving maximum capacity and minimum headway between operating trains, while maintaining the safety requirements. These technology have fueled the growth of connected rail technology.
Every industry requires maintenance schedule after certain period, in order to ensure things are on the flow without any constraints. The railway industry, where before practicing preventive maintenance at the early stage, later on shifted to predictive maintenance, which optimized management of spares and inventories parts, real time monitor of rail, reduction of down time and delays.
Reducing downtime and early prediction of maintenance are the key to the efficient rail transport, which directly drives the connected rail market.
The break-up of the primaries is as follows:
- By Company Type - OEM - 56%, Tier 1 - 19%, Tier 2 - 25%
- By Designation - C level - 40%, D level - 24%, Others - 36%
- By Region - North America - 16%, Europe - 25%, Asia-Pacific - 30%, RoW- 29%
Key Points From Table Of Content:
10 Company Profiles
10.1 Siemens AG
10.1.2 Siemens AG: Product Offering Scorecard
10.1.3 Siemens AG: Business Strategy Scorecard
10.1.4 Recent Developments
10.2 Hitachi Limited
10.2.2 Hitachi Limited: Product Offering Scorecard
10.2.3 Hitachi Limited: Business Strategy Scorecard
10.2.4 Recent Developments
10.3 IBM Corporation
10.3.2 IBM Corporation: Product Offering Scorecard
10.3.3 IBM Corporation: Business Strategy Scorecard
10.3.4 Recent Developments
10.4 Robert Bosch GmbH
10.4.2 Robert Bosch GmbH: Product Offering Scorecard
10.4.3 Robert Bosch GmbH: Business Strategy Scorecard
10.4.4 Recent Developments
10.5 Huawei Investment & Holding Co., Ltd
10.5.2 Huawei Investment & Holding Co., Ltd: Product Offering Scorecard
10.5.3 Huawei Investment & Holding Co., Ltd: Business Strategy Scorecard
10.5.4 Recent Developments
10.6 Cisco Systems, Inc.
10.7 Nokia Corp
10.8 ATOS Corp.
10.9 Tech Mahindra Limited
10.10 Wabtec Corporation
10.11 Trimble, Inc.
10.12 Sierra Wireless
10.13 Calamp Corp.
The report segments the market for connected rail based on rail services type. The connected rail, based on rail services type has been segmented into passenger mobility & services, passenger information system, train tracking & monitoring solutions, automated fare collection system, IP video surveillance, predictive maintenance and among the others.
Further connected rail segmented into by rolling stock, the segment includes diesel locomotive, electric locomotive, DMU, EMU, light rail/tram car, subway/metro vehicle, passenger coach, and freight wagon. The connected rail again segmented by connected safety and signaling system, includes positive train control, communication/computer based train control and automatic/integrated train control and by region (Asia-Pacific, Europe, North America, and ROW).
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