The global connected rail market is estimated to be USD 94.6 billion in 2022 and is projected to reach USD 124.5 billion by 2027, growing at a CAGR of 5.6% from 2022 to 2027. North America and Asia Pacific will lead the market for connected rail during the forecast period.
With the increase in railway traffic and passenger base, the need for efficient and effective rail operations is increasing day-by-day and, hence, the focus of governments is shifting toward digital transformation in railways. In 2020, according to Hindustan Times, the Indian Railways announced its decision to provide passengers with preloaded multilingual content. The continuous innovations in existing technology contribute to efficiency, security, safety, and intellectual mobility. Growth of the connected rail market can be attributed to the increasing adoption of advanced technologies and the need to stay connected during travelling.
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Robert Bosch GmbH (Germany), Siemens (Germany), Hitachi (Japan), Huawei (China), and Wabtec Corporation (US) are among the leading technology players in the connected rail market. These key players are actively involved in developing new products and systems for the connected rail market and have adopted several organic and inorganic strategies to tap the market at a global level. For example, in March 2021, Robert Bosch GmbH launched its Driver Assistance System for city rail transportation. In the event of a possible collision, the system first warns the tram driver by means of a signal.
The North America region is estimated to account for the largest share of the connected rail market in 2022. 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.
Siemens is a German multinational conglomerate founded in 1847 and headquartered in Munich, Germany. Its principal divisions include Industry, Energy, Healthcare (Siemens Healthineers), and Infrastructure & Cities, which represent the main activities of the company. As of 2021, the company’s products include high-speed trains, commuter trains, passenger coaches, metros, people movers, LRVs, locomotives, bogies, traction systems, and rail-related services. Vast product offerings, such as CoreShield DCU, MindConnect Rail, RUGGEDCOM, Railigent, European Train Control System (ETCS), Trainguard Sentinel, and Trainguard LZB 700 M, make Siemens a leading player in the connected rail market. The ETCS comprises product offerings such as Trainguard 100, Trainguard 200, Trainguard 300, Trainguard on-board unit, and Automatic Train Operation System
Hitachi specializes in the manufacture of electronic and electrical equipment for the global rail industry. The company operates through the following business segments: IT, Energy, Industry, Mobility, Smart Life, Hitachi High-Tech, Hitachi Construction Machinery, Hitachi Metals, Hitachi Chemicals, and Others. In December 2021, Hitachi and Alstom signed a contract worth USD 2.65 billion with H2S to design, build, and maintain high-speed trains in Britain
Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation (Wabtec), is a global provider of equipment, systems, digital solutions, and value-added services for freight and transit rail industries. The company’s business is mainly divided into Freight and Transit segments. These segments are further divided into specialty products & electronics, brake products, remanufacturing, overhaul & build, and transit products. The company’s railway solution business falls under the Freight segment and includes the rail control system, signaling system, and communication system. The Freight segment is headquartered in Chicago (US), and the Transit segment is headquartered in Gennevilliers (France). Wabtec has a global presence with manufacturing units, technical centers, and customer centers spread across more than 100 countries as of 2021.
Robert Bosch GmbH, commonly known as Bosch, is a German multinational engineering and technology company founded in 1886 and headquartered in Gerlingen, Germany. The company’s core operating areas are spread across four business sectors: Mobility Solutions (hardware and software), Consumer Goods (including household appliances and power tools), Industrial Technology (including drive and control), and Energy and Building Technology. The company offers a wide range of products and solutions to effectively manage railroad and train station operations. In November 2021, Robert Bosch GmbH launched an innovative driver assistance system for city rail transportation. In the event of a possible collision, the system warns the tram driver by means of a signal.
Huawei is a leading telecom infrastructure and solutions company founded in 1987. The company has established its presence in 170 countries through manufacturing sites, technical centers, and customer support centers as of 2020. It operates in the following core business segments: Carrier Business, Enterprise Business, Consumer Business, and Others. The Enterprise Business segment provides equipment, software, and services to enterprise customers. Its partner ecosystem comprises independent software vendors (ISVs), consulting companies, system integrators (SI), independent hardware vendors (IHVs), channel partners, service partners, and talent alliance partners.
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
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