Global Connected Rail Market by Service forecast 2022

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Global Connected Rail Market by Service forecast
2022
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Increasing concerns of safety security
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
has directly increased the demand for public
transport like railways,
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which directly boost the market for connected
rail. The connected public transportation also
provides efficient traffic management and
convenient travelling experience, but the slow
growth in developing countries would affect the
overall growth of connected railway market.
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Technology swap the benchmark of the normal
communication systems to CBTC
The Computer Based Train Control (CBTC) is
upgraded system of typical old-block signalling
system. The CBTC equipped train are capable of
calculating, communicating, and providing update
through radio to the wayside equipment
distributed along the line.
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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 technologies have fuelled the
growth of connected rail technology.
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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,
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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 is the key to the
efficient rail transport, which directly drives
the connected rail market.
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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.
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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).
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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 sub
segments. 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.
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Global Connected Rail Market
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