Connected Rail Market by Service (Passenger Mobility, PIS, Train Tracking & Monitoring, Automated Fare Collection, Predictive maintenance, Freight Management), Rail Signaling System (PTC, CBTC & ATC), Rolling Stock and Region – Global forecast to 2027

2022-04-19
Price :
Published : Apr-2022
No. of Pages : 245
Inquire before Buying request discount

“Increasing concerns of safety & signaling system, and investment towards rail digitalization gives the thrust for connected rail market growth”

The connected rail market is estimated to be USD 94.6 billion in 2022 and is projected to reach USD 124.5 billion by 2027, at a CAGR of 5.6%. OEMs are likely to invest in rail infrastructure to provide safety & signaling system. In addition, investment towards rail digitalization to provide services such as passenger information, train tracking and others would boost market for connected rail system. 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 rail market.

“Growing inter-state trade agreements is likely to propel the growth of the Freight Wagon segment during the forecast period”

Freight wagons, also known as unpowered bogies, are used for carrying goods and cargo, which are propelled by prime movers (diesel or electric). The bogies consist of regular couplers and other fittings, such as hoses for air brakes, allowing different wagon types to be assembled into prime movers. The growth of the connected rail industry in the region can be attributed to urbanization in countries such as China and India and investments in freight rail infrastructure to support the mining and natural resource markets in these countries. In 2020, Siemens AGsigned a contract with VTG Rail Europe GmbH to test its innovative Brake Monitoring System (BMS) for freight trains. Freight wagons are rolling stocks that are used to transport goods and commodities. The railway is one of the many modes of transportation available for trade, and it is likely to be the cheapest. As compared to road transportation, this mode of transportation can carry a large amount of cargo in a single trip, while still taking less time over long distances than a maritime route. Governments all over the world are putting a premium on last-mile connectivity for trade, resulting in a boom in investment in logistical infrastructure. The number of projects to expand the railway network for inter-state and intra-state trade is growing. On similar grounds, innovations such as dedicated freight corridors are expected to boost trading opportunities, thus increasing the demand for freight wagons.

“Asia Pacific is expected to be the fastest market during the forecast period”

Asia Pacific is estimated to be the fastest-growing region in terms of the growth of the connected  rail market, due to the increase in the adoption of new technologies, higher investments for digital transformation, and the growth in GDP in the Asia Pacific countries. Also growing population, rising per capita income, congested urban roads, need for seamless trade corridors, and an increasing number of metro rail projects have all contributed to the growth of the connected rail market in Asia Pacific. The markets in other countries in Asia Pacific are also growing, though not as fast as the major economies like China, Japan, and India. In March 2021, Hitachi Rail was awarded a supply contract for integrated logistics support for the Frecciarossa high-speed fleet. The contract worth USD 18 billion will be for a duration of six years.

North America is expected to be the largest market during the forecast period

The North American connected rail market is dominated by domestic manufacturers such as Cisco (US), IBM (US), Wabtec Corporation (US), Trimble (US), Sierra Wireless (US), and CalAmp (US). The US government, in an effort to increase the safety and security of the country’s railways, has instituted certain mandates, which, in turn, has resulted in increased R&D by local and international railway rolling stock and technology manufacturers. The increasing use of technology in railways presents several opportunities for connected rail technology manufacturers. In May 2021, Siemens announced the acquisition of RailTerm, a Canada-based rail service provider. This acquisition will help the company expand its product portfolio of on-ground track and signaling, electrification, and communication systems. The major growth drivers for the market in the region are the increasing number of projects focused on upgradation and the construction of freight infrastructure and high-speed railway lines. In 2020, Wabtec Corporation announced a supply contract worth USD 120 with Virgin Trains USA to provide unique high-speed signaling and train control applications for the North American market.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: OEMs – 57%, Tier I – 29%,and Tier II – 14%
  • By Designation: CXOs – 54%, Directors – 32%,and Others – 14%
  • By Region: North America – 14%, Europe – 12%, Asia Pacific – 57%, Rest of the World- 10% and Middle East & Africa- 7%

The connected rail market comprises major players such as Robert Bosch GmbH (Germany), Siemens (Germany), Hitachi (Japan), Huawei (China) and Wabtec Corporation (US).

Research Coverage:

The market study covers the connected rail market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as by service, by rolling stock, by safety & signaling system and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue and volume numbers for the overall connected rail market and its sub segments.
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
  • The report will also help the market players understand the impact of COVID-19 on connected rail market.
  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Filed in: Automotive
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

EV Charging Cables Market by Power Supply (AC and DC), Application (Private Charging and Public Charging), Length (2-5 Meters, 6-10 Meters, and >10 Meters), Shape (Straight and Coiled), Mode, Charging Level, Diameter and Region – Global Forecast to 2027

“Increasing adoption of electric vehicles and increased demand for fast charging stations are anticipated to trigger the growth of the EV charging cables market.” The global EV charging cables market is projected to grow at a CAGR of 29.8%, to reach USD 2,453 million by 2027 from an estimated USD 665 million in 2022. Factors such as rapidly developing EV infrastructure, rising EV sales worldwide, and government support on overall EV ecosystem are expected to support the EV charging cables market growth. Increasing concerns about the environment along with rapid improvements in battery and charging technologies have contributed to the growing popularity of electric vehicles. Similarly, improving vehicle range is further supporting the demand for electric vehicles across the world.......
 $4950

EV Test Equipment Market by Vehicle Type (Passenger Car and Commercial Vehicle), Electric Vehicle Type (BEV, PHEV & HEV), Equipment Type, Application Type (EV Component, EV Charging, and Powertrain) and Region – Global Forecast to 2027

“The growth of the EV test equipment market can be attributed to the increasing demand for electric vehicles. The global EV test equipment market size is projected to reach USD 242 million by 2027, from an estimated USD 79 million in 2022, at a CAGR of 25.2%. The market for electric vehicles has been growing over the past few years due to the increasing demand for emission-free vehicles around the world, combined with the rising cost of fuel. Various renowned OEMs have been working on developing EVs with advanced electronic/electric components over the past few years. Due to the rapidly developing EV drivetrain technologies, government initiatives (tax rebates & subsidies), and regulations, both passenger and commercial electric vehicles have witnessed a high demand. OEMs offer a ......
 $

Automotive Heat Exchanger Market by Propulsion & Component (ICE, EV), Electric Vehicle Type (BEV, PHEV, HEV), Design (Plate Bar, Tube Fin), Vehicle Type, Off-Highway Vehicle Type (Passenger Car, LCV, Truck, Bus) and Region – Global Forecast to 2027

“Increase in the penetration of hybrid and plug-in hybrid vehicles, growth in the automotive industry, and increasing adoption of HVAC systems in high-end commercial and off-highway vehicles are expected to fuel the demand in automotive heat exchanger market.” The global automotive heat exchanger market is projected to grow from USD 28.9 billion in 2022 to USD 34.3 billion by 2027, at a CAGR of 3.5%. Parameters such as increase in demand for hybrid and plug-in hybrid vehicles, along with steady increase in vehicle production will increase the demand for the automotive heat exchangers. In addition, the advancements in mobility solutions, paired with increase in demand for battery thermal management systems will create new opportunities for this market. “PHEV segment is expected ......
 $4950

Robotics and Automation Actuators Market by Actuation (Electric, Pneumatic, Hydraulic), Application (Process Automation, Robotics), Type, Vertical (Automotive, Electronics, Healthcare), Design Characteristics & Region – Global Forecast to 2027

“Increased use of electrical actuators, and compact pneumatic actuators in robotics and automation applications are driving the market.” The robotics and automation actuators market includes various players, such as product manufacturers and solution providers. The market size of robotics and automation actuators market is estimated to be valued at USD 18.7 billion in 2022 and is projected to grow at a CAGR of 13.9% during the forecast period. The development of advanced and cost-effective robotics and automation actuators and increasing demand for industrial robots and process automation in various industry verticals are some of the opportunities impacting the growth of the robotics and automation actuators market. “Based on type, the rotary actuator segment is estimated to ha......
 $4950

Special Mission Aircraft Market by Platform (Military Aviation, Commercial Aviation, UAV), Application (ISR, Command and Control, Combat Support, Air-Launch/Rocket Launch), Payload Type, End-User, Point of Sale and Region – Global Forecast to 2027

The special mission aircraft market is projected to grow from USD 15.9 billion in 2022 to USD 19.9 billion by 2027, at a CAGR of 4.6%. Aircraft OEMs and component manufacturers are focusing on innovating equipment and components for special missions due to the increasing demand for technologically advanced aircraft from military as well as commercial applications globally. Maintaining and funding innovations and managing fluctuations in aircraft build-rates are expected to result in the dynamic growth of the special mission aircraft market in the long term, particularly for the more fragmented parts of the supply chain and highly capital-intensive aero structure segments. Application segment is estimated to be the largest and fastest growing market The need for stealthy monitoring du......
 $4950

Ultralight and Light Aircraft Market by Aircraft Type (Ultralight & Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL & VTOL), Technology, Propulsion, Material, System and Region – Global Forecast to 2030

“The commercialization of passenger drones is one of the key factor influencing the growth of the ultralight and light aircraft market.” The ultralight and light aircraft market is projected to grow from USD 7.5 billion in 2022 to USD 11.9 billion by 2030, at a CAGR of 5.9% from 2022 to 2030. The market is driven by the commercialization of passenger drones. However, the market's growth is limited by the regulations on use of unamnend aircrafts to foresee the market growth. The COVID-19 outbreak has had an impact on the ultralight and light aircraft supply chain. The spread of COVID-19 in the United States and Europe is expected to be slowed by lockdowns at ultralight and light aircraft vehicle research and development centres. As a result of the Asia Pacific lockdown, many busin......
 $

Automotive Ambient Lighting Market by IC & Electric Vehicle (BEV, FCEV, PHEV), Application (Footwell, Door, Dashboard, Center Console), Passenger Car (C, D, E & F), Aftermarket (Country & Application (Interior & Exterior)) – Global Forecast to 2027

“Increased penetration of ambient lighting in low-mid segment cars to upsurge the automotive ambient lighting market” The automotive ambient lighting market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The key factors driving the market growth include increasing penetration of ambient lighting in low to mid-segment vehicles, inclination toward luxury, and increasing vehicle production. The improving economic condition of developing regions such as Asia Oceania has boosted the market for premium vehicles, which are equipped with ambient lighting. “The foot well segment for automotive ambient lighting segment is expected to hold a dominant share throughout the forecast period as most of OEMs of......
 $4950

Diesel Exhaust Fluid Market by Component (SCR Catalysts, DEF Tanks, Injectors, Supply Modules, Sensors), OHV Market by Application, Aftermarket by Vehicle Type, Supply Mode (Cans, IBCs, Bulk & Pumps), End Use Market and Region – Global Forecast to 2027

“Stringent emission regulations are leading to the increased penetration of diesel SCR vehicles.” The global diesel exhaust fluid aftermarket forecasted to reach USD 50.0 billion by 2027 from USD 34.4 billion in 2020, at a CAGR of 7.8%. Governments around the globe have updated and improved their emission standards by introducing new legislation for the automotive industry to comply to. Western regions, such as the North American and European region, have introduced new regulations like the Clear Air Act of the Us which has stricter standards and wider scope for emissions. In the Asian region countries like China and India have introduced swift regulation to counter rising air pollution. The introduction of such regulations, norms and standards will drive the demand for DEF acros......
 $4950

Industrial Vehicles Market in terms of Vehicle Type, Drive Type (ICE, Battery-operated, Gas-powered), Application, Capacity, Level of Autonomy, Aerial Work Platform (Boom Lifts, Scissor Lifts) and Region – Global Forecast to 2027

“Increasing growth of e-commerce sector, rising demand for automation solutions in material handling processes across industries and increasing focus on improving workplace safety are expected to fuel the demand in industrial vehicles market.” The global industrial vehicles market is projected to grow from USD 43.7 billion in 2022 to USD 54.3 billion by 2027, at a CAGR of 4.5%. Parameters such as increasing growth of e-commerce sector, along with the increasing demand for autonomous solutions in material handling across end-use industries will boost the demand for the industrial vehicles. In addition, the growing adoption of battery-operated industrial vehicles, paired with               the advent of smart factories in the manufacturing sector will create new opportun......
 $4950

Military Battery Market by Type (Rechargeable, Non-rechargeable), Installation (OEM, Aftermarket), Application (Propulsion, Non-propulsion), Platform (Ground, Airborne, Marine), Composition, Voltage, Power Density and Region – Global Forecast to 2027

“The demand for ground vehicles and UAVs  the key factor influencing the growth of the military battery market.” The military battery market is projected to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.1% from 2022 to 2027. The market is driven by rising need for ground vehicles and UAVs  in military applications. However, the market's growth is limited by the regulations on lithium batteries to foresee the market growth. The COVID-19 outbreak has had an impact on the military battery supply chain. The spread of COVID-19 in the United States and Europe is expected to be slowed by lockdowns at military battery vehicle research and development centres. As a result of the Asia Pacific lockdown, many businesses in the military battery industry have l......
 $4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy