The global connected
rail market is foreseen to grow by 5.1%, from USD 88.34 Billion in 2021 to USD 131.52
Billion in 2029. Deployment of Internet of Things in railways, growing need for
safety and compliance in rail transit, increasing emphasis on smart
infrastructure, rising implementation of automated fare collection system is to
drive the market for the upcoming forecast period. However, Lack of Rolling
Stock infrastructure and interoperability, slow growth rate of GDP and
inadequate infrastructure spending in developing countries remains one factor
hindering the market growth over the anticipated period.
What is Connected rail?
Connected rail includes a wired and wireless high-speed
internal IP network. Operators can improve applications, passenger services,
wireless access, and security.
connected rail market search study helps to thoroughly understand the
current trend in the market competitive analysis of the players in the emerging
market. Moreover, the DRO in the connected rail market offers valuable
perspicuity and a current scenario for making the right decision. The research
study covers the eminent players in the market with a detailed analysis of the
company and a financial overview containing their net sales, business mix and
geographical reach It mainly focuses on the key developments of the
products/services offered by the company in recent years. Besides, we at
Zettabyte have the expertise to analyses the global connected rail market player's
competitive landscape helping the client comprehend their specific strategic
market study by "Zettabyte Analytics" offers details about the market
scope, market segmentation, technological advancement in the Connected rail
market and highlights the optimistic, competitive landscape and trends enduring
over the years.
Major players in
the Connected rail market include ABB, American Equipment Company, Atos,
Calamp, Cisco, Deuta-Werke Gmbh, Deutsche Bahn Ag, Hitachi, Huawei, Ibm,
Legios, Nokia, Robert Bosch Gmbh, Scomi Group Bhd, Siemens, Sierra Wireless,
Sinara Transport Machines, Strukton, Tech Mahindra, Thales Group, Toshiba,
Trimble, Tuv Rheinland, Ugl Limited, Wabtec Corporation, Woojin Industrial
Systems Co., Ltd.
COVID-19 Impact on Global Connected
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. the impact of COVID-19 on the Connected rail market
has forced the companies to change their sourcing, pricing, and promotion
strategies. the Connected rail market players are seen focusing more on
optimizing the e-commerce networks with the rising innovations in the digital
sector, which are creating new business models for the Automotive &
Transportation industry player.
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). the market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
dynamics, regulatory scenarios, major material dynamics and Connected rail
market future markets are analyzed to understand their impact on demand for the
forecast period. growth rates have been estimated using correlation, regression
and time-series analysis.
For the purpose
of this report, the global Connected rail market segmented on the basis of service
type, rolling stock, safety & signaling system, and region:
Service type Outlook:
On the basis of
Service Type, the market is segmented into Passenger Mobility and Services,
Passenger Information System, Train Tracking & Monitoring Solutions,
Automated Fare Collection System, IP Video Surveillance, Predictive
Maintenance, Freight Management System. Further, Passenger Mobility and
Services is segmented into Wi-Fi Devices, On Board Entertainment. Further,
Passenger Information System is segmented into Information Announcement System,
Rail Display Systems.
Rolling Stock Outlook:
On the basis of
rolling stock, the market is segmented into diesel locomotive, electric
locomotive, DMU, EMU, light rail/tram car, subway/metro vehicle, passenger
coach, freight wagon.
Figure 1 Connected Rail Market By Rolling
Stock (Market Size And Forecast By Value - USD Million, 2021 & 2029)