Connected Rail Market is projected to reach USD 105.44 billion by 2022

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Jun 19, 2017, 17:04 ET

NEW YORK, June 19, 2017 /PRNewswire/ -- Highlights

· Increasing concerns of safety & security, continuous increasing population, and growing urbanization gives the thrust for connected rail growth

· 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 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.

· Technology swap: The benchmark of the normal communication systems to CBTC

· 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.

· Rail Industry is moving towards reducing downtime of trains, through predictive maintenance

· 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.

· Asia-Pacific market plays very important role in connected rail growth

· 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.

"Increasing concerns of safety & security, continuous increasing population, and growing urbanization gives the thrust for connected rail growth"
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 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.

"Technology swap: The benchmark of the normal communication systems to CBTC"
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.

"Rail Industry is moving towards reducing downtime of trains, through predictive maintenance"
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.

"Asia-Pacific market plays very important role in connected rail growth"
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.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. 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%

Major players profiled in the report are:
• 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. (U.S.)

Research Coverage:
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).

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall connected rail market and their subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Read the full report: http://www.reportlinker.com/p04944753/Connected-Rail-Market-by-Service-Rail-signaling-system-Rolling-Stock-and-Region-Global-forecast-to.html

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