Global Rail System Industry Expected to Reach $30.9 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Rail System Market by System Type (Auxiliary Power, HVAC, Propulsion, On-Board Vehicle Control, Train Information, and Train Safety), Transit Type, Application (Passenger and Freight Transportation) and region – forecast to 2027″ the report has been added to from ResearchAndMarkets.com offer.

The global rail system market is expected to grow at a CAGR of 4.2%, from USD 25.1 billion in 2022 to USD 30.9 billion by 2027.

Europe is expected to be the largest rail system market for transporting passenger trains during the forecast period

Most European rails are equipped with high-end technologies which include wireless radio connection, wireless data transmission, eco-friendly cars and comfort features. However, the adoption of high-end technologies is lower in Eastern Europe compared to Western European countries such as the UK, Germany, France, and Spain.

This offers railway system providers an opportunity to increase their presence in Eastern Europe. The objective of EU railways is to build 31,000 km of high-speed railways by 2030. In addition, projects such as the European Railway Research Advisory Council (ERRAC), FP7 projects , Horizon 2020 and SHIFT2RAIL will drive the growth of the European rail system. market.

The train information system is expected to grow at a significant rate for the forecast year

Train Information System (TIS) is a communication system used to provide information to passengers and allows two-way communication between passengers and operators. It is an electronically controlled device that provides visual and acoustic route information, which is operated automatically and programmed manually. TIS can provide real-time tracking, on-the-go route information, trip planning, real-time arrival prediction systems, online connectivity solution.

The on-board resources needed to host a variety of applications, including entertainment, passenger information and passenger counting, are provided by edge computing (decentralized data management). The growing demand for connected and high-speed trains is propelling the demand for train information systems. Moreover, the advent of autonomous trains will act as a catalyst for the growth of the train information system market in the future.

Japan is estimated to hold a major market share in the rail system market over the forecast period

Japan is a technology leader in the rail system market. The country is continuously investing in the development of innovative technologies in the railway system market. The Japanese rail system market is mainly driven by Shinkansen (bullet train) trains. These trains are equipped with advanced systems for their operations. Japanese manufacturers offer one of the best train safety and information systems.

For example, Toshiba provides train information control systems that incorporate highly reliable processors and fast transmission technologies. These systems functionally combine high efficiency rolling stock equipment control, safe operation and adequate passenger notification services. In addition, Toshiba offers integrated systems that communicate between rolling stock and the ground to provide operation and maintenance information.

Market dynamics

Drivers

• Increase preference for public rail transport to reduce traffic congestion

• Growing demand for energy-efficient transport

• Increased emu penetration

• Refurbishment of existing rolling stock

Constraints

• Capital intensive and high development complexities

Opportunities

• Increase in railway projects around the world

• Government support for rail operations powered by alternative fuels

• Inclination of emerging countries towards high-speed rail for rapid transit

• Increased use of railways for industrial and mining activities

Challenges

• High overhaul and maintenance costs

Companies cited

• CRRC

• Alstom

• ABB

• Knorr Bremse

• Thermo King

• Siemens

• Mitsubishi Heavy Industries

• Toshiba

• Hitachi

• Construcciones Y Auxiliar De Ferrocarriles (Caf)

• Strukton

• Woojin Industrial Systems

• American equipment company

• Ingeteam

• Calamp

• Sinara conveying machinery

• Electric Fuji

• Transport Skoda

• Medicom

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