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%.
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The key players in the Connected Rail Market include – Wabtec Corporation (U.S.), Siemens AG (Germany), Hitachi Limited (Japan), Calamp Corp.(U.S.), Trimble, Inc. (U.S.), IBM Corp. (U.S.), Robert Bosch GmbH (Germany), Huawei Technologies Co. Ltd (China), Cisco Systems, Inc. (U.S.), Nokia Corp. (Finland), Atos SE (France), Tech Mahindra (India), Sierra Wireless Inc.
The region consists of major rail and technology manufacturing companies and foreign players, in countries like China, Japan, India, and South Korea which supports the growth of connected rail market. The Asia-Pacific region is projected to be the largest market share holder in the year 2022, for connected rail market, in terms of value.
The growing urbanization in India, China and Japan, smart city projects, Chinese policy of 'One Belt and One Road’, among others is estimated to further register high growth rate in the connected rail market in the region.
- Railway associations
- Industry experts for rail industry
- Rail manufacturers/OEMS manufacturers and suppliers
- Rail industry software services technology providers for rail industry
- Connected rail services providers
- Rail components manufacturers
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The Computer Based Train Control (CBTC) are upgraded system of typical old-block signaling system. The CBTC equipped train are capable of calculating, communicating, and providing update through radio to the wayside equipment distributed along the line.
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.
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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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