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Connected Rail Solution Trends and Forecast
The future of the global connected rail solution market looks promising with opportunities in the diesel locomotive, electric locomotive, DMU, EMU, light rail/tram car, subway/metro vehicle, passenger coach, and freight wagon markets. The global connected rail solution market is expected to grow with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing integration of IOT in the railay industry, rising need for safety and compliance in rail transit, and growing implementation of automated fare collection system.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Connected Rail Solution by Segment
The study includes a forecast for the global connected rail solution by service, rolling stock, safety & signaling system, and region.
Connected Rail Solution Market by Service [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Mobility And Services
• Passenger Information System
• Train Tracking & Monitoring Solutions
• Automated Fare Collection System
• IP Video Surveillance
• Predictive Maintenance
• Freight Management System
• Others
Connected Rail Solution Market by Rolling Stock [Shipment Analysis by Value from 2018 to 2030]:
• Diesel Locomotive
• Electric Locomotive
• DMU
• EMU
• Light Rail/Tram Car
• Subway/Metro Vehicle
• Passenger Coach
• Freight Wagon
Connected Rail Solution Market by Safety & Signaling System [Shipment Analysis by Value from 2018 to 2030]:
• Positive Train Control (PTC)
• Communication/Computer-Based Train Control (CBTC)
• Automated/Integrated Train Control (ATC)
Connected Rail Solution Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Connected Rail Solution Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected rail solution companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected rail solution companies profiled in this report include-
• Robert Bosch
• Siemens
• Hitachi
• Huawei
• Wabtec
Connected Rail Solution Market Insights
Lucintel forecasts that passenger information system is expected to witness the highest growth over the forecast period due to rising efforts in improving passenger experience.
Within this market, freight wagon will remain the largest segment due to its low cost.
North America is expected to witness highest growth over the forecast period due to growth in the adoption of advanced technologies in the region.
Features of the Global Connected Rail Solution Market
Market Size Estimates: Connected rail solution market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Connected rail solution market size by service, rolling stock, safety & signaling system, and region in terms of value ($B).
Regional Analysis: Connected rail solution market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different services, rolling stocks, safety & signaling systems, and regions for the connected rail solution market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected rail solution market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for connected rail solution market?
Answer: The global connected rail solution market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the connected rail solution market?
Answer: The major drivers for this market are increasing integration of IOT in the railay industry, rising need for safety and compliance in rail transit, and growing implementation of automated fare collection system.
Q3. What are the major segments for connected rail solution market?
Answer: The future of the connected rail solution market looks promising with opportunities in the diesel locomotive, electric locomotive, dmu, emu, light rail/tram car, subway/metro vehicle, passenger coach, and freight wagon markets.
Q4. Who are the key connected rail solution market companies?
Answer: Some of the key connected rail solution companies are as follows:
• Robert Bosch
• Siemens
• Hitachi
• Huawei
• Wabtec
Q5. Which connected rail solution market segment will be the largest in future?
Answer: Lucintel forecasts that passenger information system is expected to witness the highest growth over the forecast period due to rising efforts in improving passenger experience.
Q6. In connected rail solution market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growth in the adoption of advanced technologies in the region.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the connected rail solution market by service (passenger mobility and services, passenger information system, train tracking & monitoring solutions, automated fare collection system, and IP video surveillance, predictive maintenance, freight management system, and others), rolling stock (diesel locomotive, electric locomotive, DMU, EMU, light rail/tram car, subway/metro vehicle, passenger coach, and freight wagon), safety & signaling system (positive train control (PTC), communication/computer-based train control (CBTC), and automated/integrated train control (ATC )), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Connected Rail Solution Market, Connected Rail Solution Market Size, Connected Rail Solution Market Growth, Connected Rail Solution Market Analysis, Connected Rail Solution Market Report, Connected Rail Solution Market Share, Connected Rail Solution Market Trends, Connected Rail Solution Market Forecast, Connected Rail Solution Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Connected Rail Solution Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Connected Rail Solution Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Connected Rail Solution Market by Service
3.3.1: Passenger Mobility and Services
3.3.2: Passenger Information System
3.3.3: Train Tracking & Monitoring Solutions
3.3.4: Automated Fare Collection System
3.3.5: IP Video Surveillance
3.3.6: Predictive Maintenance
3.3.7: Freight Management System
3.3.8: Others
3.4: Global Connected Rail Solution Market by Rolling Stock
3.4.1: Diesel Locomotive
3.4.2: Electric Locomotive
3.4.3: DMU
3.4.4: EMU
3.4.5: Light Rail/Tram Car
3.4.6: Subway/Metro Vehicle
3.4.7: Passenger Coach
3.4.8: Freight Wagon
3.5: Global Connected Rail Solution Market by Safety & Signaling System
3.5.1: Positive Train Control (PTC)
3.5.2: Communication/Computer-based Train Control (CBTC)
3.5.3: Automated/Integrated Train Control (ATC )
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Connected Rail Solution Market by Region
4.2: North American Connected Rail Solution Market
4.2.2: North American Connected Rail Solution Market by Safety & Signaling System: Positive Train Control (PTC), Communication/Computer-based Train Control (CBTC), and Automated/Integrated Train Control (ATC )
4.3: European Connected Rail Solution Market
4.3.1: European Connected Rail Solution Market by Service: Passenger Mobility and Services, Passenger Information System, Train Tracking & Monitoring Solutions, Automated Fare Collection System, IP Video Surveillance, Predictive Maintenance, Freight Management System, and Others
4.3.2: European Connected Rail Solution Market by Safety & Signaling System: Positive Train Control (PTC), Communication/Computer-based Train Control (CBTC), and Automated/Integrated Train Control (ATC )
4.4: APAC Connected Rail Solution Market
4.4.1: APAC Connected Rail Solution Market by Service: Passenger Mobility and Services, Passenger Information System, Train Tracking & Monitoring Solutions, Automated Fare Collection System, IP Video Surveillance, Predictive Maintenance, Freight Management System, and Others
4.4.2: APAC Connected Rail Solution Market by Safety & Signaling System: Positive Train Control (PTC), Communication/Computer-based Train Control (CBTC), and Automated/Integrated Train Control (ATC )
4.5: ROW Connected Rail Solution Market
4.5.1: ROW Connected Rail Solution Market by Service: Passenger Mobility and Services, Passenger Information System, Train Tracking & Monitoring Solutions, Automated Fare Collection System, IP Video Surveillance, Predictive Maintenance, Freight Management System, and Others
4.5.2: ROW Connected Rail Solution Market by Safety & Signaling System: Positive Train Control (PTC), Communication/Computer-based Train Control (CBTC), and Automated/Integrated Train Control (ATC )
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Connected Rail Solution Market by Service
6.1.2: Growth Opportunities for the Global Connected Rail Solution Market by Rolling Stock
6.1.3: Growth Opportunities for the Global Connected Rail Solution Market by Safety & Signaling System
6.1.4: Growth Opportunities for the Global Connected Rail Solution Market by Region
6.2: Emerging Trends in the Global Connected Rail Solution Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Connected Rail Solution Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Connected Rail Solution Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Robert Bosch
7.2: Siemens
7.3: Hitachi
7.4: Huawei
7.5: Wabtec
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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