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
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 AG signed 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.
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:
“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 AG signed 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%
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 subsegments.
- 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.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 CONNECTED RAIL MARKET: INCLUSIONS AND EXCLUSIONS
1.2.2 CONNECTED RAIL MARKET DEFINITION, BY SERVICE
1.2.3 CONNECTED RAIL MARKET DEFINITION, BY ROLLING STOCK
1.2.4 CONNECTED RAIL MARKET DEFINITION, BY SAFETY & SIGNALING SYSTEM
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 PACKAGE SIZE
1.5 CURRENCY
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 CONNECTED RAIL MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 List of participating companies for primary research
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY, DESIGNATION, AND REGION
2.2 MARKET SIZE ESTIMATION
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3 BASE NUMBER CALCULATION
2.3.1 SUPPLY-SIDE APPROACH
2.4 FACTOR ANALYSIS
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.5 DATA TRIANGULATION
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.6 ASSUMPTIONS
2.7 RISK ASSESSMENT
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 CONNECTED RAIL MARKET: MARKET OVERVIEW
FIGURE 9 CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
FIGURE 10 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM, 2022–2027 (USD BILLION)
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN CONNECTED RAIL MARKET
FIGURE 11 GROWING URBANIZATION AND INCREASING GOVERNMENT INVESTMENT IN RAILWAYS WILL BE DRIVING CONNECTED RAIL MARKET
4.2 CONNECTED RAIL MARKET, BY REGION
FIGURE 12 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
4.3 CONNECTED RAIL MARKET, BY SERVICE
FIGURE 13 PREDICTIVE MAINTENANCE SEGMENT PROJECTED TO LEAD CONNECTED RAIL MARKET, 2022- 2027 (USD BILLION)
4.4 CONNECTED RAIL MARKET, BY ROLLING STOCK
FIGURE 14 FREIGHT WAGON SEGMENT PROJECTED TO LEAD CONNECTED RAIL MARKET, 2022- 2027 (USD BILLION)
4.5 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM
FIGURE 15 COMMUNICATION/COMPUTER-BASED TRAIN CONTROL SEGMENT PROJECTED TO LEAD CONNECTED RAIL MAIL, 2022-2027 (USD BILLION)
5 MARKET OVERVIEW
5.1 INTRODUCTION
TABLE 1 IMPACT OF MARKET DYNAMICS
5.2 MARKET DYNAMICS
FIGURE 16 CONNECTED RAIL MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Deployment of Internet of Things in railways
FIGURE 17 IOT IN RAILWAYS
5.2.1.2 Increasing emphasis on smart infrastructure
FIGURE 18 SMART INFRASTRUCTURE ECOSYSTEM
TABLE 2 GLOBAL HIGH-SPEED RAIL NETWORK, 2020
5.2.1.3 Growing need for safety and compliance in rail transit
FIGURE 19 NEED FOR SAFETY AND SECURITY IN RAIL TRANSIT
5.2.1.4 Rising implementation of automated fare collection system
TABLE 3 GLOBAL AUTOMATED FARE COLLECTION SYSTEMS
5.2.2 RESTRAINTS
5.2.2.1 Lack of technology infrastructure and interoperability
5.2.2.2 Slow growth rate of GDP and inadequate infrastructure spending in developing countries
TABLE 4 KEY INDICATORS FOR INVESTMENTS IN RAIL INDUSTRY
5.2.2.3 High initial investment
5.2.3 OPPORTUNITIES
5.2.3.1 Autonomous train represents significant opportunity for connected rail market
TABLE 5 ADVANTAGES OF AUTONOMOUS RAIL
5.2.3.2 Open gateway for telecommunication providers
FIGURE 20 BIT RATES FOR DIFFERENT NETWORKS, 2021
5.2.3.3 Surge in passenger numbers over past few years
TABLE 6 RAIL COMMUTER DATA FOR EUROPE (IN THOUSANDS)
5.2.4 CHALLENGES
5.2.4.1 Data and privacy security of commuters
TABLE 7 INCIDENTS OF RAIL COMMUTER DATA BREACH (2020-2022)
5.2.4.2 Data management difficulties
FIGURE 21 CONNECTED RAIL NETWORK ARCHITECTURE
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS OF CONNECTED RAIL MARKET
TABLE 8 CONNECTED RAIL MARKET: IMPACT OF PORTER’S FIVE FORCES
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACROECONOMIC INDICATORS
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
TABLE 9 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
5.5 CASE STUDY
5.5.1 CISCO CASE STUDY
5.5.2 ALSTOM DEPLOYED CYBERSECURITY FOR MASS TRANSIT SYSTEMS IN MIDDLE EAST & AFRICA
5.5.3 ALSTOM PARTNERED WITH SNC-LAVALIN FOR REM PROJECT IN CANADA
5.6 TRENDS AND DISRUPTIONS
FIGURE 23 TRENDS AND DISRUPTIONS
5.7 DETAILED LIST OF CONFERENCES & EVENTS
TABLE 10 DETAILED LIST OF CONFERENCES & EVENTS
5.8 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9 KEY STAKEHOLDERS & BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
TABLE 14 INFLUENCE OF STAKEHOLDERS IN BUYING CONNECTED RAIL SERVICES (%)
5.9.2 BUYING CRITERIA
TABLE 15 KEY BUYING CRITERIA FOR CONNECTED RAIL PRODUCTS AND SERVICES
TABLE 16 INSTRUMENTS FOR QUALITY CONTROL FOR CONNECTED RAIL PRODUCTS AND SERVICES
5.10 REGULATORY OVERVIEW
5.10.1 EUROPEAN NETWORK AND INFORMATION SECURITY AGENCY (ENISA)
TABLE 17 EUROPEAN NETWORK AND INFORMATION SECURITY AGENCY STANDARDS
5.10.2 GENERAL DATA PROTECTION REGULATION (GDPR)
5.10.3 INTERNATIONAL UNION OF RAILWAYS (UIC)
TABLE 18 QUALITY DIMENSIONS OF RAIL INDUSTRY
TABLE 19 ROLE ASSIGNMENT TO STAKEHOLDERS FOR QUALITY-OF-SERVICE REGULATIONS
5.11 VALUE CHAIN ANALYSIS
FIGURE 24 VALUE CHAIN ANALYSIS: CONNECTED RAIL MARKET
5.12 ECOSYSTEM ANALYSIS
FIGURE 25 ECOSYSTEM ANALYSIS: CONNECTED RAIL MARKET
TABLE 20 CONNECTED RAIL MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.13 COVID-19 IMPACT ANALYSIS
5.13.1 INTRODUCTION TO COVID-19
5.13.2 COVID-19 HEALTH ASSESSMENT
TABLE 21 SELECTED MEASURES BY RAILWAYS IN VARIOUS COUNTRIES DURING COVID-19 PANDEMIC
5.14 SCENARIO ANALYSIS
5.14.1 MOST LIKELY SCENARIO
TABLE 22 CONNECTED RAIL MARKET (MOST LIKELY), BY REGION, 2022–2027 (USD BILLION)
5.14.2 OPTIMISTIC SCENARIO
TABLE 23 CONNECTED RAIL MARKET (OPTIMISTIC), BY REGION, 2022–2027 (USD BILLION)
5.14.3 PESSIMISTIC SCENARIO
TABLE 24 CONNECTED RAIL MARKET (PESSIMISTIC), BY REGION, 2022–2027 (USD BILLION)
5.15 AVERAGE SELLING PRICE
TABLE 25 PRICING ANALYSIS
5.16 PATENT ANALYSIS
TABLE 26 PATENT ANALYSIS: CONNECTED RAIL MARKET (ACTIVE PATENTS)
FIGURE 26 EUROPE PATENT APPLICATION: DIGITAL TECHNOLOGY, BY APPLICANT, 2020
5.17 INDUSTRY TRENDS
5.17.1 IOT IN RAILWAYS
5.17.2 BIG DATA ANALYTICS AND CLOUD COMPUTING IN RAILWAYS
5.17.3 HYPERLOOP - FUTURE OF TRANSPORTATION
5.17.4 AUTOMATIC WARNING SYSTEM
5.17.5 DRONES FOR IDENTIFYING RAILWAY INFRASTRUCTURE ISSUES
5.17.6 AUTONOMOUS TRAIN
6 CONNECTED RAIL MARKET, BY SERVICE
6.1 INTRODUCTION
FIGURE 27 BY SERVICE, PREDICTIVE MAINTENANCE SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)
TABLE 27 CONNECTED RAIL MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 28 CONNECTED RAIL MARKET, BY SERVICE, 2022–2027 (USD BILLION)
TABLE 29 SERVICE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 30 SERVICE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
6.1.1 OPERATIONAL DATA
TABLE 31 CONNECTED RAIL OFFERINGS BASED ON SERVICE
6.1.2 ASSUMPTIONS
6.1.3 RESEARCH METHODOLOGY
6.2 PASSENGER MOBILITY & SERVICES
6.2.1 RISING NEED TO ENHANCE RAIL OPERATIONAL EFFICIENCY TO DRIVE MARKET FOR PASSENGER MOBILITY & SERVICES
TABLE 32 PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 33 PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
6.2.2 PASSENGER MOBILITY & SERVICES: BY CONNECTIVITY TYPE
6.2.2.1 Wi-Fi service
6.2.2.2 On-board entertainment
TABLE 34 PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY CONNECTIVITY TYPE, 2016–2021 (USD BILLION)
TABLE 35 PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD BILLION)
6.3 PASSENGER INFORMATION SYSTEM (PIS)
6.3.1 DEMAND FOR REAL-TIME TRANSIT INFORMATION OF PASSENGERS LIKELY TO DRIVE PASSENGER INFORMATION SYSTEM MARKET
TABLE 36 PASSENGER INFORMATION SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 37 PASSENGER INFORMATION SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
6.3.2 INFORMATION ANNOUNCEMENT SYSTEM
6.3.3 RAIL DISPLAY SYSTEM
TABLE 38 PASSENGER INFORMATION SYSTEM MARKET, BY TYPE, 2016–2021 (USD BILLION)
TABLE 39 PASSENGER INFORMATION SYSTEM MARKET, BY TYPE, 2022–2027 (USD BILLION)
6.3.4 INFORMATION ANNOUNCEMENT SYSTEM
TABLE 40 INFORMATION ANNOUNCEMENT SYSTEM MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 41 INFORMATION ANNOUNCEMENT SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3.5 RAIL DISPLAY SYSTEM
TABLE 42 RAIL DISPLAY SYSTEM MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 43 RAIL DISPLAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3.5.1 Rail display systems, by display type
6.3.5.1.1 LED display system
6.3.5.1.2 LCD system
6.3.5.1.3 Others
TABLE 44 RAIL DISPLAY SYSTEM MARKET, BY DISPLAY TYPE, 2016–2021 (USD MILLION)
TABLE 45 RAIL DISPLAY SYSTEM MARKET, BY DISPLAY TYPE, 2022–2027 (USD MILLION)
6.3.5.2 Rail display system, by application type
6.3.5.2.1 Railway concourse display
6.3.5.2.2 Railway platform display
6.3.5.2.3 Railway on-board display
6.3.5.2.4 Railway emergency display (EDNE display)
6.3.5.2.5 Railway station clock
6.3.5.2.6 Railway station evacuation display (SEVAC)
TABLE 46 RAIL DISPLAY SYSTEM MARKET, BY APPLICATION TYPE, 2016–2021 (USD MILLION)
TABLE 47 RAIL DISPLAY SYSTEM MARKET, BY APPLICATION TYPE, 2022–2027 (USD MILLION)
6.4 TRAIN TRACKING & MONITORING SOLUTIONS
6.4.1 TRAIN TRACKING & MONITORING SOLUTIONS PROVIDE REAL-TIME TRAIN MONITORING TO IMPROVE EFFICIENCY AND SAFETY
TABLE 48 TRAIN TRACKING & MONITORING SOLUTIONS MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 49 TRAIN TRACKING & MONITORING SOLUTIONS MARKET, BY REGION, 2022–2027 (USD BILLION)
6.5 AUTOMATED FARE COLLECTION SYSTEM
6.5.1 DEMAND FOR PAYMENT INTEGRATION SYSTEM AND AUTOMATIC TICKETING TO DRIVE MARKET IN FUTURE
TABLE 50 AUTOMATED FARE COLLECTION SYSTEM MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 51 AUTOMATED FARE COLLECTION SYSTEM MARKET, BY REGION, 2022–2027 (USD BILLION)
6.6 IP VIDEO SURVEILLANCE
6.6.1 NEED FOR SAFETY AND SECURITY TO DRIVE MARKET FOR IP VIDEO SURVEILLANCE
TABLE 52 IP VIDEO SURVEILLANCE MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 53 IP VIDEO SURVEILLANCE MARKET, BY REGION, 2022–2027 (USD BILLION)
6.7 PREDICTIVE MAINTENANCE
6.7.1 INCREASED ADOPTION OF PREDICTIVE MAINTENANCE SOLUTIONS TO MINIMIZE ERRORS
TABLE 54 PREDICTIVE MAINTENANCE MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 55 PREDICTIVE MAINTENANCE MARKET BY REGION, 2022–2027 (USD BILLION)
6.8 FREIGHT MANAGEMENT SYSTEM
6.8.1 RISE IN DEMAND FOR EFFICIENT FREIGHT OPERATIONS
TABLE 56 FREIGHT MANAGEMENT SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 57 FREIGHT MANAGEMENT SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
6.8.2 FREIGHT OPERATION MANAGEMENT
6.8.3 FREIGHT TRACKING
6.9 OTHERS
6.9.1 INCREASE IN DEMAND FOR TRAFFIC MANAGEMENT SOLUTIONS IN RAILWAYS TO BOOST CONNECTED RAIL MARKET
TABLE 58 OTHERS MARKET SIZE, BY REGION, 2016–2021 (USD BILLION)
TABLE 59 OTHERS MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
6.10 KEY INDUSTRY INSIGHTS
7 CONNECTED RAIL MARKET, BY ROLLING STOCK
7.1 INTRODUCTION
FIGURE 28 BY ROLLING STOCK, FREIGHT WAGON SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)
TABLE 60 CONNECTED RAIL MARKET, BY ROLLING STOCK, 2016–2021 (UNITS)
TABLE 61 CONNECTED RAIL MARKET, BY ROLLING STOCK, 2022–2027 (UNITS)
TABLE 62 CONNECTED RAIL MARKET, BY ROLLING STOCK, 2016–2021 (USD BILLION)
TABLE 63 CONNECTED RAIL MARKET, BY ROLLING STOCK, 2022–2027 (USD BILLION)
7.1.1 OPERATIONAL DATA
TABLE 64 CONNECTED RAIL OFFERINGS BASED ON ROLLING STOCK
7.1.2 ASSUMPTIONS
7.1.3 RESEARCH METHODOLOGY
7.2 DIESEL LOCOMOTIVE
7.2.1 ABILITY TO OPERATE FOR LONGER PERIODS TO DRIVE MARKET FOR DIESEL LOCOMOTIVES
TABLE 65 DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 66 DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 67 DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 68 DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.3 ELECTRIC LOCOMOTIVE
7.3.1 ELECTRIC LOCOMOTIVES TO MAKE RAIL LINES EMISSION-FREE
TABLE 69 ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 70 ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 71 ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 72 ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.4 DIESEL MULTIPLE UNIT (DMU)
7.4.1 NORTH AMERICA EXPECTED TO BE FASTEST-GROWING MARKET FOR DMU DURING FORECAST PERIOD
TABLE 73 DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 74 DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 75 DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 76 DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.5 ELECTRIC MULTIPLE UNIT (EMU)
7.5.1 INCREASE IN HIGH-SPEED RAIL LINES EXPECTED TO BOOST MARKET FOR ELECTRIC MULTIPLE UNITS
TABLE 77 ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 78 ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 79 ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET SIZE, BY REGION, 2016–2021 (USD BILLION)
TABLE 80 ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.6 LIGHT RAIL/TRAM CAR
7.6.1 INCREASING CONCERNS ABOUT TRAFFIC DUE TO OVERPOPULATION AND MIGRATION DRIVING GLOBAL LIGHT RAIL/TRAM MARKET
TABLE 81 LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 82 LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 83 LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 84 LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.7 SUBWAY/METRO VEHICLE
7.7.1 INCREASING URBANIZATION EXPECTED TO DRIVE SUBWAY/METRO VEHICLE MARKET
TABLE 85 SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 86 SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 87 SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 88 SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.8 PASSENGER COACH
7.8.1 RISING ADOPTION OF SMART TECHNOLOGY IN RAILWAY SECTOR TO DRIVE MARKET FOR PASSENGER COACHES
TABLE 89 PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 90 PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 91 PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 92 PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.9 FREIGHT WAGON
7.9.1 GROWING INTER-STATE AND INTRA-STATE TRADE DRIVING FREIGHT WAGON SEGMENT
TABLE 93 FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 94 FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 95 FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 96 FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.10 KEY PRIMARY INSIGHTS
FIGURE 29 KEY PRIMARY INSIGHTS
8 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM
8.1 INTRODUCTION
FIGURE 30 BY SAFETY & SIGNALING SYSTEM, CBTC SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)
TABLE 97 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM, 2016–2021 (USD BILLION)
TABLE 98 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM, 2022–2027 (USD BILLION)
8.1.1 OPERATIONAL DATA
TABLE 99 CONNECTED RAIL OFFERINGS BASED ON SAFETY & SIGNALING SYSTEM
8.1.2 ASSUMPTIONS
8.1.3 RESEARCH METHODOLOGY
8.2 POSITIVE TRAIN CONTROL (PTC)
8.2.1 DEMAND FOR POSITIVE TRAIN CONTROL TECHNOLOGY TO GROW WITH RISING RAIL INFRASTRUCTURE
TABLE 100 POSITIVE TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 101 POSITIVE TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 COMMUNICATION/COMPUTER-BASED TRAIN CONTROL (CBTC)
8.3.1 COMMUNICATION-BASED TRAIN CONTROL MARKET WILL GROW TO MAKE RAIL LINES SAFE
TABLE 102 COMMUNICATION/COMPUTER-BASED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 103 COMMUNICATION/COMPUTER-BASED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD MILLION)
8.4 AUTOMATED/INTEGRATED TRAIN CONTROL (ATC)
8.4.1 TECHNOLOGICAL DEVELOPMENT LED TO DEMAND FOR AUTOMATED TRAIN CONTROL SYSTEMS
TABLE 104 AUTOMATED/INTEGRATED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 105 AUTOMATED/INTEGRATED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD MILLION)
8.5 KEY PRIMARY INSIGHTS
FIGURE 31 KEY PRIMARY INSIGHTS
9 CONNECTED RAIL MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 32 SAFETY & SIGNALING SYSTEM EXPECTED TO WITNESS HIGHEST GROWTH RATE IN CONNECTED RAIL MARKET DURING FORECAST PERIOD
TABLE 106 CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 107 CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
TABLE 108 CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 109 CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.2 NORTH AMERICA
9.2.1 US
9.2.1.1 Government initiatives to drive connected rail market in US
9.2.2 CANADA
9.2.2.1 Increasing number of passengers and growing freight traffic to drive connected rail market growth in Canada
9.2.3 MEXICO
9.2.3.1 Strategic location to play key role in rail infrastructure development in Mexico
FIGURE 33 NORTH AMERICA: CONNECTED RAIL MARKET SNAPSHOT
TABLE 110 NORTH AMERICA: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 111 NORTH AMERICA: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.3 EUROPE
9.3.1 UK
9.3.1.1 Need to improve efficiency of existing railway infrastructure to boost market growth
9.3.2 GERMANY
9.3.2.1 Growing adoption of IoT and analytics to boost market growth
9.3.3 FRANCE
9.3.3.1 High investments by railway operators to drive market growth
9.3.4 REST OF EUROPE
TABLE 112 EUROPE: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 113 EUROPE: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.1.1 High government investments in railway infrastructure and rapid growth in railway sector to drive market
9.4.2 INDIA
9.4.2.1 Growing profits in railway sector and government initiatives for smart cities to drive market growth
9.4.3 JAPAN
9.4.3.1 Higher adoption of railway technologies to boost market
9.4.4 REST OF ASIA PACIFIC
FIGURE 34 ASIA-PACIFIC: CONNECTED RAIL SNAPSHOT
TABLE 114 ASIA PACIFIC: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 115 ASIA PACIFIC: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.5 MIDDLE EAST & AFRICA
9.5.1 UAE
9.5.1.1 Improving rail infrastructure to drive market growth
9.5.2 SOUTH AFRICA
9.5.2.1 Increased demand for transportation services to match regional trade requirements to drive market growth
9.5.3 REST OF MIDDLE EAST & AFRICA
TABLE 116 MIDDLE EAST & AFRICA: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 117 MIDDLE EAST & AFRICA: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.6 REST OF THE WORLD
9.6.1 BRAZIL
9.6.1.1 High scope for further development of railway infrastructure to boost market growth
9.6.2 IRAN
9.6.2.1 High scope for further expansion of railway infrastructure to boost market growth
TABLE 118 REST OF THE WORLD: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 119 REST OF THE WORLD: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS FOR CONNECTED RAIL MARKET
TABLE 120 MARKET SHARE ANALYSIS, 2021
FIGURE 35 MARKET SHARE ANALYSIS, 2021
10.2.1 ROBERT BOSCH GMBH
10.2.2 HUAWEI
10.2.3 HITACHI
10.2.4 SIEMENS
10.2.5 WABTEC CORPORATION
10.3 KEY PLAYER STRATEGIES
TABLE 121 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN CONNECTED RAIL MARKET
10.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2021
FIGURE 36 TOP PUBLIC/LISTED PLAYERS DOMINATING CONNECTED RAIL MARKET DURING LAST FIVE YEARS
10.5 COMPETITIVE SCENARIO
10.5.1 NEW PRODUCT LAUNCHES
TABLE 122 NEW PRODUCT LAUNCHES, 2018-2022
10.5.2 DEALS
TABLE 123 DEALS, 2018–2022
10.6 COMPANY EVALUATION QUADRANT
10.6.1 STARS
10.6.2 EMERGING LEADERS
10.6.3 PERVASIVE
10.6.4 PARTICIPANTS
FIGURE 37 CONNECTED RAIL MARKET: COMPANY EVALUATION QUADRANT, 2021
TABLE 124 CONNECTED RAIL MARKET: COMPANY FOOTPRINT, 2021
TABLE 125 CONNECTED RAIL MARKET: PRODUCT FOOTPRINT, 2021
TABLE 126 CONNECTED RAIL MARKET: REGIONAL FOOTPRINT, 2021
10.7 START-UP/SME EVALUATION QUADRANT
10.7.1 PROGRESSIVE COMPANIES
10.7.2 RESPONSIVE COMPANIES
10.7.3 DYNAMIC COMPANIES
10.7.4 STARTING BLOCKS
FIGURE 38 CONNECTED RAIL MARKET: START-UP/SME EVALUATION QUADRANT, 2021
TABLE 127 CONNECTED RAIL MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 128 CONNECTED RAIL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
10.8 RIGHT TO WIN, 2018-2022
TABLE 129 WINNERS VS. TAIL-ENDERS
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1 SIEMENS
TABLE 130 SIEMENS: BUSINESS OVERVIEW
FIGURE 39 SIEMENS: COMPANY SNAPSHOT
FIGURE 40 SIEMENS: CLEAR PRIORITIES FOR SUSTAINABILITY
TABLE 131 SIEMENS: PRODUCTS OFFERED
TABLE 132 SIEMENS: NEW PRODUCT DEVELOPMENTS
TABLE 133 SIEMENS: DEALS
11.1.2 HITACHI
TABLE 134 HITACHI: BUSINESS OVERVIEW
FIGURE 41 HITACHI: COMPANY SNAPSHOT
TABLE 135 HITACHI: PRODUCTS OFFERED
FIGURE 42 HITACHI FUTURE RAIL TICKETING SERVICES
TABLE 136 HITACHI: NEW PRODUCT DEVELOPMENTS
TABLE 137 HITACHI: DEALS
11.1.3 WABTEC CORPORATION
TABLE 138 WABTEC CORPORATION: BUSINESS OVERVIEW
FIGURE 43 WABTEC CORPORATION: COMPANY SNAPSHOT
FIGURE 44 WABTEC CORPORATION: FUTURE OUTLOOK
TABLE 139 WABTEC CORPORATION: PRODUCTS OFFERED
TABLE 140 WABTEC CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 141 WABTEC CORPORATION: DEALS
TABLE 142 WABTEC CORPORATION: OTHERS
11.1.4 TRIMBLE
TABLE 143 TRIMBLE: BUSINESS OVERVIEW
FIGURE 45 TRIMBLE: COMPANY SNAPSHOT
TABLE 144 TRIMBLE: PRODUCTS OFFERED
TABLE 145 TRIMBLE: NEW PRODUCT DEVELOPMENTS
TABLE 146 TRIMBLE: DEALS
11.1.5 ROBERT BOSCH GMBH
TABLE 147 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 46 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 148 ROBERT BOSCH GMBH: PRODUCTS OFFERED
TABLE 149 ROBERT BOSCH GMBH: NEW PRODUCT DEVELOPMENTS
11.1.6 HUAWEI
TABLE 150 HUAWEI: BUSINESS OVERVIEW
FIGURE 47 HUAWEI: COMPANY SNAPSHOT
TABLE 151 HUAWEI: PRODUCTS OFFERED
TABLE 152 HUAWEI: NEW PRODUCT DEVELOPMENTS
TABLE 153 HUAWEI: DEALS
11.1.7 CISCO
TABLE 154 CISCO: BUSINESS OVERVIEW
FIGURE 48 CISCO: COMPANY SNAPSHOT
TABLE 155 CISCO: PRODUCTS OFFERED
TABLE 156 CISCO: NEW PRODUCT DEVELOPMENTS
TABLE 157 CISCO: DEALS
11.1.8 NOKIA
TABLE 158 NOKIA: BUSINESS OVERVIEW
FIGURE 49 NOKIA: COMPANY SNAPSHOT
TABLE 159 NOKIA: PRODUCTS OFFERED
TABLE 160 NOKIA: DEALS
11.1.9 ATOS
TABLE 161 ATOS: BUSINESS OVERVIEW
FIGURE 50 ATOS: COMPANY SNAPSHOT
TABLE 162 ATOS: PRODUCTS OFFERED
TABLE 163 ATOS: DEALS
11.1.10 IBM
TABLE 164 IBM: BUSINESS OVERVIEW
FIGURE 51 IBM: COMPANY SNAPSHOT
TABLE 165 IBM: PRODUCTS OFFERED
TABLE 166 IBM: NEW PRODUCT DEVELOPMENTS
TABLE 167 IBM: DEALS
11.1.11 TECH MAHINDRA
TABLE 168 TECH MAHINDRA: BUSINESS OVERVIEW
FIGURE 52 TECH MAHINDRA: COMPANY SNAPSHOT
TABLE 169 TECH MAHINDRA: PRODUCTS OFFERED
TABLE 170 TECH MAHINDRA: DEALS
11.1.12 SIERRA WIRELESS
TABLE 171 SIERRA WIRELESS: BUSINESS OVERVIEW
FIGURE 53 SIERRA WIRELESS: COMPANY SNAPSHOT
TABLE 172 SIERRA WIRELESS: PRODUCTS OFFERED
TABLE 173 SIERRA WIRELESS: NEW PRODUCT DEVELOPMENTS
TABLE 174 SIERRA WIRELESS: DEALS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11.2 OTHER KEY PLAYERS
11.2.1 TOSHIBA
11.2.2 SCOMI GROUP BHD
11.2.3 WOOJIN INDUSTRIAL SYSTEMS CO., LTD.
11.2.4 ABB
11.2.5 STRUKTON
11.2.6 LEGIOS
11.2.7 DEUTA-WERKE GMBH
11.2.8 THALES GROUP
11.2.9 DEUTSCHE BAHN AG
11.2.10 AMERICAN EQUIPMENT COMPANY
11.2.11 CALAMP
11.2.12 UGL LIMITED
11.2.13 SINARA TRANSPORT MACHINES
11.2.14 TUV RHEINLAND
12 RECOMMENDATIONS BY MARKETSANDMARKETS
12.1 ASIA PACIFIC IS KEY FOCUS REGION FOR CONNECTED RAIL MARKET
12.2 PREDICTIVE MAINTENANCE MARKET ON THE RISE
12.3 CONCLUSION
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.3.1 DETAILED ANALYSIS OF DIFFERENT ROLLING STOCK TYPES AT THE COUNTRY LEVEL (UP TO 3)
13.3.2 DETAILED ANALYSIS OF DIFFERENT CONNECTED RAIL SERVICES AT THE COUNTRY LEVEL (UP TO 3)
13.3.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 3)
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 CONNECTED RAIL MARKET: INCLUSIONS AND EXCLUSIONS
1.2.2 CONNECTED RAIL MARKET DEFINITION, BY SERVICE
1.2.3 CONNECTED RAIL MARKET DEFINITION, BY ROLLING STOCK
1.2.4 CONNECTED RAIL MARKET DEFINITION, BY SAFETY & SIGNALING SYSTEM
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 PACKAGE SIZE
1.5 CURRENCY
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 CONNECTED RAIL MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 List of participating companies for primary research
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY, DESIGNATION, AND REGION
2.2 MARKET SIZE ESTIMATION
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3 BASE NUMBER CALCULATION
2.3.1 SUPPLY-SIDE APPROACH
2.4 FACTOR ANALYSIS
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.5 DATA TRIANGULATION
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.6 ASSUMPTIONS
2.7 RISK ASSESSMENT
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 CONNECTED RAIL MARKET: MARKET OVERVIEW
FIGURE 9 CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
FIGURE 10 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM, 2022–2027 (USD BILLION)
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN CONNECTED RAIL MARKET
FIGURE 11 GROWING URBANIZATION AND INCREASING GOVERNMENT INVESTMENT IN RAILWAYS WILL BE DRIVING CONNECTED RAIL MARKET
4.2 CONNECTED RAIL MARKET, BY REGION
FIGURE 12 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
4.3 CONNECTED RAIL MARKET, BY SERVICE
FIGURE 13 PREDICTIVE MAINTENANCE SEGMENT PROJECTED TO LEAD CONNECTED RAIL MARKET, 2022- 2027 (USD BILLION)
4.4 CONNECTED RAIL MARKET, BY ROLLING STOCK
FIGURE 14 FREIGHT WAGON SEGMENT PROJECTED TO LEAD CONNECTED RAIL MARKET, 2022- 2027 (USD BILLION)
4.5 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM
FIGURE 15 COMMUNICATION/COMPUTER-BASED TRAIN CONTROL SEGMENT PROJECTED TO LEAD CONNECTED RAIL MAIL, 2022-2027 (USD BILLION)
5 MARKET OVERVIEW
5.1 INTRODUCTION
TABLE 1 IMPACT OF MARKET DYNAMICS
5.2 MARKET DYNAMICS
FIGURE 16 CONNECTED RAIL MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Deployment of Internet of Things in railways
FIGURE 17 IOT IN RAILWAYS
5.2.1.2 Increasing emphasis on smart infrastructure
FIGURE 18 SMART INFRASTRUCTURE ECOSYSTEM
TABLE 2 GLOBAL HIGH-SPEED RAIL NETWORK, 2020
5.2.1.3 Growing need for safety and compliance in rail transit
FIGURE 19 NEED FOR SAFETY AND SECURITY IN RAIL TRANSIT
5.2.1.4 Rising implementation of automated fare collection system
TABLE 3 GLOBAL AUTOMATED FARE COLLECTION SYSTEMS
5.2.2 RESTRAINTS
5.2.2.1 Lack of technology infrastructure and interoperability
5.2.2.2 Slow growth rate of GDP and inadequate infrastructure spending in developing countries
TABLE 4 KEY INDICATORS FOR INVESTMENTS IN RAIL INDUSTRY
5.2.2.3 High initial investment
5.2.3 OPPORTUNITIES
5.2.3.1 Autonomous train represents significant opportunity for connected rail market
TABLE 5 ADVANTAGES OF AUTONOMOUS RAIL
5.2.3.2 Open gateway for telecommunication providers
FIGURE 20 BIT RATES FOR DIFFERENT NETWORKS, 2021
5.2.3.3 Surge in passenger numbers over past few years
TABLE 6 RAIL COMMUTER DATA FOR EUROPE (IN THOUSANDS)
5.2.4 CHALLENGES
5.2.4.1 Data and privacy security of commuters
TABLE 7 INCIDENTS OF RAIL COMMUTER DATA BREACH (2020-2022)
5.2.4.2 Data management difficulties
FIGURE 21 CONNECTED RAIL NETWORK ARCHITECTURE
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS OF CONNECTED RAIL MARKET
TABLE 8 CONNECTED RAIL MARKET: IMPACT OF PORTER’S FIVE FORCES
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACROECONOMIC INDICATORS
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
TABLE 9 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
5.5 CASE STUDY
5.5.1 CISCO CASE STUDY
5.5.2 ALSTOM DEPLOYED CYBERSECURITY FOR MASS TRANSIT SYSTEMS IN MIDDLE EAST & AFRICA
5.5.3 ALSTOM PARTNERED WITH SNC-LAVALIN FOR REM PROJECT IN CANADA
5.6 TRENDS AND DISRUPTIONS
FIGURE 23 TRENDS AND DISRUPTIONS
5.7 DETAILED LIST OF CONFERENCES & EVENTS
TABLE 10 DETAILED LIST OF CONFERENCES & EVENTS
5.8 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9 KEY STAKEHOLDERS & BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
TABLE 14 INFLUENCE OF STAKEHOLDERS IN BUYING CONNECTED RAIL SERVICES (%)
5.9.2 BUYING CRITERIA
TABLE 15 KEY BUYING CRITERIA FOR CONNECTED RAIL PRODUCTS AND SERVICES
TABLE 16 INSTRUMENTS FOR QUALITY CONTROL FOR CONNECTED RAIL PRODUCTS AND SERVICES
5.10 REGULATORY OVERVIEW
5.10.1 EUROPEAN NETWORK AND INFORMATION SECURITY AGENCY (ENISA)
TABLE 17 EUROPEAN NETWORK AND INFORMATION SECURITY AGENCY STANDARDS
5.10.2 GENERAL DATA PROTECTION REGULATION (GDPR)
5.10.3 INTERNATIONAL UNION OF RAILWAYS (UIC)
TABLE 18 QUALITY DIMENSIONS OF RAIL INDUSTRY
TABLE 19 ROLE ASSIGNMENT TO STAKEHOLDERS FOR QUALITY-OF-SERVICE REGULATIONS
5.11 VALUE CHAIN ANALYSIS
FIGURE 24 VALUE CHAIN ANALYSIS: CONNECTED RAIL MARKET
5.12 ECOSYSTEM ANALYSIS
FIGURE 25 ECOSYSTEM ANALYSIS: CONNECTED RAIL MARKET
TABLE 20 CONNECTED RAIL MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.13 COVID-19 IMPACT ANALYSIS
5.13.1 INTRODUCTION TO COVID-19
5.13.2 COVID-19 HEALTH ASSESSMENT
TABLE 21 SELECTED MEASURES BY RAILWAYS IN VARIOUS COUNTRIES DURING COVID-19 PANDEMIC
5.14 SCENARIO ANALYSIS
5.14.1 MOST LIKELY SCENARIO
TABLE 22 CONNECTED RAIL MARKET (MOST LIKELY), BY REGION, 2022–2027 (USD BILLION)
5.14.2 OPTIMISTIC SCENARIO
TABLE 23 CONNECTED RAIL MARKET (OPTIMISTIC), BY REGION, 2022–2027 (USD BILLION)
5.14.3 PESSIMISTIC SCENARIO
TABLE 24 CONNECTED RAIL MARKET (PESSIMISTIC), BY REGION, 2022–2027 (USD BILLION)
5.15 AVERAGE SELLING PRICE
TABLE 25 PRICING ANALYSIS
5.16 PATENT ANALYSIS
TABLE 26 PATENT ANALYSIS: CONNECTED RAIL MARKET (ACTIVE PATENTS)
FIGURE 26 EUROPE PATENT APPLICATION: DIGITAL TECHNOLOGY, BY APPLICANT, 2020
5.17 INDUSTRY TRENDS
5.17.1 IOT IN RAILWAYS
5.17.2 BIG DATA ANALYTICS AND CLOUD COMPUTING IN RAILWAYS
5.17.3 HYPERLOOP - FUTURE OF TRANSPORTATION
5.17.4 AUTOMATIC WARNING SYSTEM
5.17.5 DRONES FOR IDENTIFYING RAILWAY INFRASTRUCTURE ISSUES
5.17.6 AUTONOMOUS TRAIN
6 CONNECTED RAIL MARKET, BY SERVICE
6.1 INTRODUCTION
FIGURE 27 BY SERVICE, PREDICTIVE MAINTENANCE SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)
TABLE 27 CONNECTED RAIL MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 28 CONNECTED RAIL MARKET, BY SERVICE, 2022–2027 (USD BILLION)
TABLE 29 SERVICE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 30 SERVICE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
6.1.1 OPERATIONAL DATA
TABLE 31 CONNECTED RAIL OFFERINGS BASED ON SERVICE
6.1.2 ASSUMPTIONS
6.1.3 RESEARCH METHODOLOGY
6.2 PASSENGER MOBILITY & SERVICES
6.2.1 RISING NEED TO ENHANCE RAIL OPERATIONAL EFFICIENCY TO DRIVE MARKET FOR PASSENGER MOBILITY & SERVICES
TABLE 32 PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 33 PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
6.2.2 PASSENGER MOBILITY & SERVICES: BY CONNECTIVITY TYPE
6.2.2.1 Wi-Fi service
6.2.2.2 On-board entertainment
TABLE 34 PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY CONNECTIVITY TYPE, 2016–2021 (USD BILLION)
TABLE 35 PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD BILLION)
6.3 PASSENGER INFORMATION SYSTEM (PIS)
6.3.1 DEMAND FOR REAL-TIME TRANSIT INFORMATION OF PASSENGERS LIKELY TO DRIVE PASSENGER INFORMATION SYSTEM MARKET
TABLE 36 PASSENGER INFORMATION SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 37 PASSENGER INFORMATION SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
6.3.2 INFORMATION ANNOUNCEMENT SYSTEM
6.3.3 RAIL DISPLAY SYSTEM
TABLE 38 PASSENGER INFORMATION SYSTEM MARKET, BY TYPE, 2016–2021 (USD BILLION)
TABLE 39 PASSENGER INFORMATION SYSTEM MARKET, BY TYPE, 2022–2027 (USD BILLION)
6.3.4 INFORMATION ANNOUNCEMENT SYSTEM
TABLE 40 INFORMATION ANNOUNCEMENT SYSTEM MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 41 INFORMATION ANNOUNCEMENT SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3.5 RAIL DISPLAY SYSTEM
TABLE 42 RAIL DISPLAY SYSTEM MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 43 RAIL DISPLAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3.5.1 Rail display systems, by display type
6.3.5.1.1 LED display system
6.3.5.1.2 LCD system
6.3.5.1.3 Others
TABLE 44 RAIL DISPLAY SYSTEM MARKET, BY DISPLAY TYPE, 2016–2021 (USD MILLION)
TABLE 45 RAIL DISPLAY SYSTEM MARKET, BY DISPLAY TYPE, 2022–2027 (USD MILLION)
6.3.5.2 Rail display system, by application type
6.3.5.2.1 Railway concourse display
6.3.5.2.2 Railway platform display
6.3.5.2.3 Railway on-board display
6.3.5.2.4 Railway emergency display (EDNE display)
6.3.5.2.5 Railway station clock
6.3.5.2.6 Railway station evacuation display (SEVAC)
TABLE 46 RAIL DISPLAY SYSTEM MARKET, BY APPLICATION TYPE, 2016–2021 (USD MILLION)
TABLE 47 RAIL DISPLAY SYSTEM MARKET, BY APPLICATION TYPE, 2022–2027 (USD MILLION)
6.4 TRAIN TRACKING & MONITORING SOLUTIONS
6.4.1 TRAIN TRACKING & MONITORING SOLUTIONS PROVIDE REAL-TIME TRAIN MONITORING TO IMPROVE EFFICIENCY AND SAFETY
TABLE 48 TRAIN TRACKING & MONITORING SOLUTIONS MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 49 TRAIN TRACKING & MONITORING SOLUTIONS MARKET, BY REGION, 2022–2027 (USD BILLION)
6.5 AUTOMATED FARE COLLECTION SYSTEM
6.5.1 DEMAND FOR PAYMENT INTEGRATION SYSTEM AND AUTOMATIC TICKETING TO DRIVE MARKET IN FUTURE
TABLE 50 AUTOMATED FARE COLLECTION SYSTEM MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 51 AUTOMATED FARE COLLECTION SYSTEM MARKET, BY REGION, 2022–2027 (USD BILLION)
6.6 IP VIDEO SURVEILLANCE
6.6.1 NEED FOR SAFETY AND SECURITY TO DRIVE MARKET FOR IP VIDEO SURVEILLANCE
TABLE 52 IP VIDEO SURVEILLANCE MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 53 IP VIDEO SURVEILLANCE MARKET, BY REGION, 2022–2027 (USD BILLION)
6.7 PREDICTIVE MAINTENANCE
6.7.1 INCREASED ADOPTION OF PREDICTIVE MAINTENANCE SOLUTIONS TO MINIMIZE ERRORS
TABLE 54 PREDICTIVE MAINTENANCE MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 55 PREDICTIVE MAINTENANCE MARKET BY REGION, 2022–2027 (USD BILLION)
6.8 FREIGHT MANAGEMENT SYSTEM
6.8.1 RISE IN DEMAND FOR EFFICIENT FREIGHT OPERATIONS
TABLE 56 FREIGHT MANAGEMENT SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 57 FREIGHT MANAGEMENT SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
6.8.2 FREIGHT OPERATION MANAGEMENT
6.8.3 FREIGHT TRACKING
6.9 OTHERS
6.9.1 INCREASE IN DEMAND FOR TRAFFIC MANAGEMENT SOLUTIONS IN RAILWAYS TO BOOST CONNECTED RAIL MARKET
TABLE 58 OTHERS MARKET SIZE, BY REGION, 2016–2021 (USD BILLION)
TABLE 59 OTHERS MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
6.10 KEY INDUSTRY INSIGHTS
7 CONNECTED RAIL MARKET, BY ROLLING STOCK
7.1 INTRODUCTION
FIGURE 28 BY ROLLING STOCK, FREIGHT WAGON SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)
TABLE 60 CONNECTED RAIL MARKET, BY ROLLING STOCK, 2016–2021 (UNITS)
TABLE 61 CONNECTED RAIL MARKET, BY ROLLING STOCK, 2022–2027 (UNITS)
TABLE 62 CONNECTED RAIL MARKET, BY ROLLING STOCK, 2016–2021 (USD BILLION)
TABLE 63 CONNECTED RAIL MARKET, BY ROLLING STOCK, 2022–2027 (USD BILLION)
7.1.1 OPERATIONAL DATA
TABLE 64 CONNECTED RAIL OFFERINGS BASED ON ROLLING STOCK
7.1.2 ASSUMPTIONS
7.1.3 RESEARCH METHODOLOGY
7.2 DIESEL LOCOMOTIVE
7.2.1 ABILITY TO OPERATE FOR LONGER PERIODS TO DRIVE MARKET FOR DIESEL LOCOMOTIVES
TABLE 65 DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 66 DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 67 DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 68 DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.3 ELECTRIC LOCOMOTIVE
7.3.1 ELECTRIC LOCOMOTIVES TO MAKE RAIL LINES EMISSION-FREE
TABLE 69 ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 70 ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 71 ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 72 ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.4 DIESEL MULTIPLE UNIT (DMU)
7.4.1 NORTH AMERICA EXPECTED TO BE FASTEST-GROWING MARKET FOR DMU DURING FORECAST PERIOD
TABLE 73 DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 74 DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 75 DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 76 DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.5 ELECTRIC MULTIPLE UNIT (EMU)
7.5.1 INCREASE IN HIGH-SPEED RAIL LINES EXPECTED TO BOOST MARKET FOR ELECTRIC MULTIPLE UNITS
TABLE 77 ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 78 ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 79 ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET SIZE, BY REGION, 2016–2021 (USD BILLION)
TABLE 80 ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.6 LIGHT RAIL/TRAM CAR
7.6.1 INCREASING CONCERNS ABOUT TRAFFIC DUE TO OVERPOPULATION AND MIGRATION DRIVING GLOBAL LIGHT RAIL/TRAM MARKET
TABLE 81 LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 82 LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 83 LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 84 LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.7 SUBWAY/METRO VEHICLE
7.7.1 INCREASING URBANIZATION EXPECTED TO DRIVE SUBWAY/METRO VEHICLE MARKET
TABLE 85 SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 86 SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 87 SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 88 SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.8 PASSENGER COACH
7.8.1 RISING ADOPTION OF SMART TECHNOLOGY IN RAILWAY SECTOR TO DRIVE MARKET FOR PASSENGER COACHES
TABLE 89 PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 90 PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 91 PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 92 PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.9 FREIGHT WAGON
7.9.1 GROWING INTER-STATE AND INTRA-STATE TRADE DRIVING FREIGHT WAGON SEGMENT
TABLE 93 FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (UNITS)
TABLE 94 FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 95 FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 96 FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
7.10 KEY PRIMARY INSIGHTS
FIGURE 29 KEY PRIMARY INSIGHTS
8 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM
8.1 INTRODUCTION
FIGURE 30 BY SAFETY & SIGNALING SYSTEM, CBTC SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)
TABLE 97 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM, 2016–2021 (USD BILLION)
TABLE 98 CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM, 2022–2027 (USD BILLION)
8.1.1 OPERATIONAL DATA
TABLE 99 CONNECTED RAIL OFFERINGS BASED ON SAFETY & SIGNALING SYSTEM
8.1.2 ASSUMPTIONS
8.1.3 RESEARCH METHODOLOGY
8.2 POSITIVE TRAIN CONTROL (PTC)
8.2.1 DEMAND FOR POSITIVE TRAIN CONTROL TECHNOLOGY TO GROW WITH RISING RAIL INFRASTRUCTURE
TABLE 100 POSITIVE TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 101 POSITIVE TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 COMMUNICATION/COMPUTER-BASED TRAIN CONTROL (CBTC)
8.3.1 COMMUNICATION-BASED TRAIN CONTROL MARKET WILL GROW TO MAKE RAIL LINES SAFE
TABLE 102 COMMUNICATION/COMPUTER-BASED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 103 COMMUNICATION/COMPUTER-BASED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD MILLION)
8.4 AUTOMATED/INTEGRATED TRAIN CONTROL (ATC)
8.4.1 TECHNOLOGICAL DEVELOPMENT LED TO DEMAND FOR AUTOMATED TRAIN CONTROL SYSTEMS
TABLE 104 AUTOMATED/INTEGRATED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 105 AUTOMATED/INTEGRATED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD MILLION)
8.5 KEY PRIMARY INSIGHTS
FIGURE 31 KEY PRIMARY INSIGHTS
9 CONNECTED RAIL MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 32 SAFETY & SIGNALING SYSTEM EXPECTED TO WITNESS HIGHEST GROWTH RATE IN CONNECTED RAIL MARKET DURING FORECAST PERIOD
TABLE 106 CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 107 CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)
TABLE 108 CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 109 CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.2 NORTH AMERICA
9.2.1 US
9.2.1.1 Government initiatives to drive connected rail market in US
9.2.2 CANADA
9.2.2.1 Increasing number of passengers and growing freight traffic to drive connected rail market growth in Canada
9.2.3 MEXICO
9.2.3.1 Strategic location to play key role in rail infrastructure development in Mexico
FIGURE 33 NORTH AMERICA: CONNECTED RAIL MARKET SNAPSHOT
TABLE 110 NORTH AMERICA: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 111 NORTH AMERICA: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.3 EUROPE
9.3.1 UK
9.3.1.1 Need to improve efficiency of existing railway infrastructure to boost market growth
9.3.2 GERMANY
9.3.2.1 Growing adoption of IoT and analytics to boost market growth
9.3.3 FRANCE
9.3.3.1 High investments by railway operators to drive market growth
9.3.4 REST OF EUROPE
TABLE 112 EUROPE: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 113 EUROPE: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.1.1 High government investments in railway infrastructure and rapid growth in railway sector to drive market
9.4.2 INDIA
9.4.2.1 Growing profits in railway sector and government initiatives for smart cities to drive market growth
9.4.3 JAPAN
9.4.3.1 Higher adoption of railway technologies to boost market
9.4.4 REST OF ASIA PACIFIC
FIGURE 34 ASIA-PACIFIC: CONNECTED RAIL SNAPSHOT
TABLE 114 ASIA PACIFIC: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 115 ASIA PACIFIC: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.5 MIDDLE EAST & AFRICA
9.5.1 UAE
9.5.1.1 Improving rail infrastructure to drive market growth
9.5.2 SOUTH AFRICA
9.5.2.1 Increased demand for transportation services to match regional trade requirements to drive market growth
9.5.3 REST OF MIDDLE EAST & AFRICA
TABLE 116 MIDDLE EAST & AFRICA: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 117 MIDDLE EAST & AFRICA: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
9.6 REST OF THE WORLD
9.6.1 BRAZIL
9.6.1.1 High scope for further development of railway infrastructure to boost market growth
9.6.2 IRAN
9.6.2.1 High scope for further expansion of railway infrastructure to boost market growth
TABLE 118 REST OF THE WORLD: CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)
TABLE 119 REST OF THE WORLD: CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS FOR CONNECTED RAIL MARKET
TABLE 120 MARKET SHARE ANALYSIS, 2021
FIGURE 35 MARKET SHARE ANALYSIS, 2021
10.2.1 ROBERT BOSCH GMBH
10.2.2 HUAWEI
10.2.3 HITACHI
10.2.4 SIEMENS
10.2.5 WABTEC CORPORATION
10.3 KEY PLAYER STRATEGIES
TABLE 121 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN CONNECTED RAIL MARKET
10.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2021
FIGURE 36 TOP PUBLIC/LISTED PLAYERS DOMINATING CONNECTED RAIL MARKET DURING LAST FIVE YEARS
10.5 COMPETITIVE SCENARIO
10.5.1 NEW PRODUCT LAUNCHES
TABLE 122 NEW PRODUCT LAUNCHES, 2018-2022
10.5.2 DEALS
TABLE 123 DEALS, 2018–2022
10.6 COMPANY EVALUATION QUADRANT
10.6.1 STARS
10.6.2 EMERGING LEADERS
10.6.3 PERVASIVE
10.6.4 PARTICIPANTS
FIGURE 37 CONNECTED RAIL MARKET: COMPANY EVALUATION QUADRANT, 2021
TABLE 124 CONNECTED RAIL MARKET: COMPANY FOOTPRINT, 2021
TABLE 125 CONNECTED RAIL MARKET: PRODUCT FOOTPRINT, 2021
TABLE 126 CONNECTED RAIL MARKET: REGIONAL FOOTPRINT, 2021
10.7 START-UP/SME EVALUATION QUADRANT
10.7.1 PROGRESSIVE COMPANIES
10.7.2 RESPONSIVE COMPANIES
10.7.3 DYNAMIC COMPANIES
10.7.4 STARTING BLOCKS
FIGURE 38 CONNECTED RAIL MARKET: START-UP/SME EVALUATION QUADRANT, 2021
TABLE 127 CONNECTED RAIL MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 128 CONNECTED RAIL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
10.8 RIGHT TO WIN, 2018-2022
TABLE 129 WINNERS VS. TAIL-ENDERS
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1 SIEMENS
TABLE 130 SIEMENS: BUSINESS OVERVIEW
FIGURE 39 SIEMENS: COMPANY SNAPSHOT
FIGURE 40 SIEMENS: CLEAR PRIORITIES FOR SUSTAINABILITY
TABLE 131 SIEMENS: PRODUCTS OFFERED
TABLE 132 SIEMENS: NEW PRODUCT DEVELOPMENTS
TABLE 133 SIEMENS: DEALS
11.1.2 HITACHI
TABLE 134 HITACHI: BUSINESS OVERVIEW
FIGURE 41 HITACHI: COMPANY SNAPSHOT
TABLE 135 HITACHI: PRODUCTS OFFERED
FIGURE 42 HITACHI FUTURE RAIL TICKETING SERVICES
TABLE 136 HITACHI: NEW PRODUCT DEVELOPMENTS
TABLE 137 HITACHI: DEALS
11.1.3 WABTEC CORPORATION
TABLE 138 WABTEC CORPORATION: BUSINESS OVERVIEW
FIGURE 43 WABTEC CORPORATION: COMPANY SNAPSHOT
FIGURE 44 WABTEC CORPORATION: FUTURE OUTLOOK
TABLE 139 WABTEC CORPORATION: PRODUCTS OFFERED
TABLE 140 WABTEC CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 141 WABTEC CORPORATION: DEALS
TABLE 142 WABTEC CORPORATION: OTHERS
11.1.4 TRIMBLE
TABLE 143 TRIMBLE: BUSINESS OVERVIEW
FIGURE 45 TRIMBLE: COMPANY SNAPSHOT
TABLE 144 TRIMBLE: PRODUCTS OFFERED
TABLE 145 TRIMBLE: NEW PRODUCT DEVELOPMENTS
TABLE 146 TRIMBLE: DEALS
11.1.5 ROBERT BOSCH GMBH
TABLE 147 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 46 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 148 ROBERT BOSCH GMBH: PRODUCTS OFFERED
TABLE 149 ROBERT BOSCH GMBH: NEW PRODUCT DEVELOPMENTS
11.1.6 HUAWEI
TABLE 150 HUAWEI: BUSINESS OVERVIEW
FIGURE 47 HUAWEI: COMPANY SNAPSHOT
TABLE 151 HUAWEI: PRODUCTS OFFERED
TABLE 152 HUAWEI: NEW PRODUCT DEVELOPMENTS
TABLE 153 HUAWEI: DEALS
11.1.7 CISCO
TABLE 154 CISCO: BUSINESS OVERVIEW
FIGURE 48 CISCO: COMPANY SNAPSHOT
TABLE 155 CISCO: PRODUCTS OFFERED
TABLE 156 CISCO: NEW PRODUCT DEVELOPMENTS
TABLE 157 CISCO: DEALS
11.1.8 NOKIA
TABLE 158 NOKIA: BUSINESS OVERVIEW
FIGURE 49 NOKIA: COMPANY SNAPSHOT
TABLE 159 NOKIA: PRODUCTS OFFERED
TABLE 160 NOKIA: DEALS
11.1.9 ATOS
TABLE 161 ATOS: BUSINESS OVERVIEW
FIGURE 50 ATOS: COMPANY SNAPSHOT
TABLE 162 ATOS: PRODUCTS OFFERED
TABLE 163 ATOS: DEALS
11.1.10 IBM
TABLE 164 IBM: BUSINESS OVERVIEW
FIGURE 51 IBM: COMPANY SNAPSHOT
TABLE 165 IBM: PRODUCTS OFFERED
TABLE 166 IBM: NEW PRODUCT DEVELOPMENTS
TABLE 167 IBM: DEALS
11.1.11 TECH MAHINDRA
TABLE 168 TECH MAHINDRA: BUSINESS OVERVIEW
FIGURE 52 TECH MAHINDRA: COMPANY SNAPSHOT
TABLE 169 TECH MAHINDRA: PRODUCTS OFFERED
TABLE 170 TECH MAHINDRA: DEALS
11.1.12 SIERRA WIRELESS
TABLE 171 SIERRA WIRELESS: BUSINESS OVERVIEW
FIGURE 53 SIERRA WIRELESS: COMPANY SNAPSHOT
TABLE 172 SIERRA WIRELESS: PRODUCTS OFFERED
TABLE 173 SIERRA WIRELESS: NEW PRODUCT DEVELOPMENTS
TABLE 174 SIERRA WIRELESS: DEALS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11.2 OTHER KEY PLAYERS
11.2.1 TOSHIBA
11.2.2 SCOMI GROUP BHD
11.2.3 WOOJIN INDUSTRIAL SYSTEMS CO., LTD.
11.2.4 ABB
11.2.5 STRUKTON
11.2.6 LEGIOS
11.2.7 DEUTA-WERKE GMBH
11.2.8 THALES GROUP
11.2.9 DEUTSCHE BAHN AG
11.2.10 AMERICAN EQUIPMENT COMPANY
11.2.11 CALAMP
11.2.12 UGL LIMITED
11.2.13 SINARA TRANSPORT MACHINES
11.2.14 TUV RHEINLAND
12 RECOMMENDATIONS BY MARKETSANDMARKETS
12.1 ASIA PACIFIC IS KEY FOCUS REGION FOR CONNECTED RAIL MARKET
12.2 PREDICTIVE MAINTENANCE MARKET ON THE RISE
12.3 CONCLUSION
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.3.1 DETAILED ANALYSIS OF DIFFERENT ROLLING STOCK TYPES AT THE COUNTRY LEVEL (UP TO 3)
13.3.2 DETAILED ANALYSIS OF DIFFERENT CONNECTED RAIL SERVICES AT THE COUNTRY LEVEL (UP TO 3)
13.3.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 3)
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
