The latest report pertaining to Connected Rail Market provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.
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Market Analysis of Connected Rail –
In connected rail systems, users stay online via free Wi-Fi in platforms and within the train. Legacy infrastructure of railways is being restored by modern train management systems. Trains transmit data bi-directionally in train management systems among the network control center and themselves. The network control center is the central hub of a train management system.
The connected rail, by rail services type has been divided into passenger information system, passenger mobility & services, automated fare collection system, train tracking & monitoring solutions, predictive maintenance, IP video surveillance, and among the others. Further the connected rail divided by rolling stock, the segment comprises electric locomotive, diesel locomotive, EMU, DMU, subway/metro vehicle, light rail/tram car, freight wagon, and passenger coach. The connected rail again divided by connected safety & signaling system includes communication/computer based train control, positive train control, and automatic/integrated train control. By area, the market is divided into Asia-Pacific, Europe, North America, and ROW.
The CBTC section is predicted to add up for the biggest market share, in signaling and safety connected rail market, in terms of value, whereas, predictive maintenance section adds up for the biggest market share, in connected service connected rail market in terms of value. The rolling stock dominates the overall market, the second biggest in the section are connected services with biggest market share, in terms of value, followed by safety and signaling system section which is the third biggest section of overall connected rail market. The freight wagon section is predicted to account for the largest market share, in rolling stock connected rail market, in terms of value, in 2017.
Connected Rail Companies:
The major players included in the global connected rail market forecast are,
- Huawei Technologies Co. Ltd
- Siemens AG
- Hitachi Limited
- Wabtec Corporation
- Trimble, Inc.
- Robert Bosch GmbH
- Cisco Systems, Inc.
- Nokia Corporation
- Atos Corporation
- IBM Corporation.
Connected Rail Market Key Segments:
By Services: Passenger Services and Mobility, Passenger Information System, Train tracking and Monitoring System, Automated Fare Collection System, IP Video Surveillance, Predictive Maintenance
By Rolling Stock: Diesel Locomotive, Electric Locomotive, DMU, EMU, Light rail/Tram Car, Subway/Metro Vehicle, Passenger Coach, Freight Wagon
By Safety and Signaling System: Positive Train Control (PTC), Communication/Computer Based Train Control (CBTC), Automated/Integrated Train Control (ATC)
The Continuous Growth In Population In Metro Cities And Powers The Connected Rail Market
The continuous growth in population in metro cities, growing urbanization, and congested roads are the factors that have directly elevated the requirement for public transport such as railways, which directly powers the connected rail market. The connected public transportation also offers traveling experience and efficient traffic management and, but the slow development in developing nations might impact the overall development of connected railway market.
The CBTC (Computer Based Train Control) are updated system of typical old-block signaling system. The CBTC-fitted trains are capable of communicating, calculating, and offered update via radio to the wayside equipment distributed along the line. CBTC system permits the optimal usage of the current rail infrastructure in attaining minimum headway and maximum capacity between operating trains, while maintaining the security needs. These techs have powered the development of connected rail technology.
Europe Is Predicted To Rule The Connected Rail Market, In Terms Of Value, As It Includes Some Of The Technology Innovator Nations In The World
Europe is predicted to rule the connected rail market, in terms of value, as it includes some of the technology innovator nation in the world, including France, U.K., Germany, and others. This has resulted in an elevation in connected rail value in late times, with rail technology innovators and rail manufacturers catering not only to the local demand but also to overseas demand too. In addition to this, the area is going to dominate the market in terms of value, owing to major rolling stock technology innovative and manufacturers are innovating new tech daily so as to meet the customer satisfaction and regulatory norms.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
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