Connected Rail Market Outlook 2030 –
Old railway management system is being replaced by modern train management systems such as connected rail which transmits bi-directional data among the trains and network control centre which is the central processing unit of train management system. Connected rail system provides the onboard passengers on train with the Wi-Fi service inside the train and at the platform. Moreover, connected rail also provides onboard and off board IP-based communication, video surveillance, passenger information, entertainment, and automated operations such as automatic train control (ATC) and communication-based train control (CBTC). Thus, connected rail has helped in improving the safety, mobility, and efficiency in rail industry. For example, Cisco works with rail industry to build network architecture and designs for connected rail system. With Cisco connected rail multiple standalone networks can be connected via one open-standards IP infrastructure. Also, give station and trackside employees mobile communication capabilities to maintain situational awareness. Thus, it becomes easy to meet industry regulations and compliance requirements using same physical infrastructure. The new and improved rail connectivity is expected to drive growth of connected rail system market.
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Companies covered: Bombardier Inc., Alstom SA, Siemens AG, Hitachi Limited, Robert Bosch GmbH, Huawei, Cisco Systems Inc. Wabtec Corporation, Nokia Corporation, and IBM Corporation
COVID-19 Impact Analysis:
Due to COVID-19 pandemic the government across all countries declared lockdown and various other restrictions. The imposed lockdown on rail industry had disrupted both railway manufacturing and transportation via railway. Also, due to the lockdown the demand and supply for connected railway system was also hampered. Since, connected rail system is an evolving sector pandemic had a negative impact on the market. For instance, Central Railway in Mumbai used AI based camera of connected rail system to scan passengers for COVID-19 symptoms, fever, and people without masks. Since, due to lockdown no passengers were using railway it made difficult for the rail industry to afford connected rail system.
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Top Impacting Factors
Rise in investments, rise in concerns for safety & security and rise in demand for ease of operation in railway is expected to drive the growth of the market.
However high initial investment and data security & privacy concerns will hamper growth of the market.
Moreover, growing importance of automated fare collection systems, need for fast hassle-free services, and connected rail with advanced technologies act as an opportunity for the growth of the market.
Market Trends
Rise in demand for ease of operation in railway
Connected rail system provides better high bandwidth internet on moving train where all the data & transactions are done via Wi-Fi. For instance, it has various benefits such as passengers can work while travelling and a powerful tool to increase passenger rates & customer satisfaction. Moreover, increase in percentage of train lines which operate along passenger routes offer Wi-Fi connectivity free of cost in order to draw in more passengers and keep the existing ones happy. The connected train provide facilities such as passenger mobility, passenger information system, automated fare collection system and CCTV camera surveillance, and others. Connected rail improves reliability and safety also, with recent advancement in technology the old trains can be improved by connected rail system. Due to this benefits the demand of connected rail system is driving market growth.
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Key Benefits of the Report:
This study presents the analytical depiction of the connected rail market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the connected rail market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight connected rail market growth scenario.
The report provides detailed connected rail market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions answered in the connected rail market research report:
Which are the leading market players active in the connected rail market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the connected rail market?
What are the projections for the future that would help in taking further strategic steps?
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