Table of Content

"1    INTRODUCTION    20
1.1    OBJECTIVES OF THE STUDY    20
1.2    MARKET DEFINITION    20
1.2.1    CONNECTED RAIL MARKET: INCLUSIONS AND EXCLUSIONS    21
1.2.2    CONNECTED RAIL MARKET DEFINITION, BY SERVICE    21
1.2.3    CONNECTED RAIL MARKET DEFINITION, BY ROLLING STOCK    22
1.2.4    CONNECTED RAIL MARKET DEFINITION, BY SAFETY & SIGNALING SYSTEM    22
1.3    MARKET SCOPE    23
1.3.1    MARKETS COVERED    23
FIGURE 1    MARKET SEGMENTATION    23
1.3.2    YEARS CONSIDERED FOR THE STUDY    24
1.4    PACKAGE SIZE    24
1.5    CURRENCY    24
1.6    STAKEHOLDERS    24
1.7    SUMMARY OF CHANGES    25
2    RESEARCH METHODOLOGY    26
2.1    RESEARCH DATA    26
FIGURE 2    CONNECTED RAIL MARKET: RESEARCH DESIGN    26
FIGURE 3    RESEARCH METHODOLOGY MODEL    27
2.1.1    SECONDARY DATA    27
2.1.1.1    Key data from secondary sources    28
2.1.2    PRIMARY DATA    28
2.1.2.1    Key data from primary sources    29
2.1.2.2    List of participating companies for primary research    29
2.1.2.3    Key industry insights    30
2.1.2.4    Breakdown of primary interviews    31
FIGURE 4    BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY, DESIGNATION, AND REGION    31
2.2    MARKET SIZE ESTIMATION    31
FIGURE 5    MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH    32
FIGURE 6    MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    32
2.3    BASE NUMBER CALCULATION    33
2.3.1    SUPPLY-SIDE APPROACH    33
2.4    FACTOR ANALYSIS    34
2.4.1    FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES    35
2.5    DATA TRIANGULATION    36
FIGURE 7    MARKET BREAKDOWN AND DATA TRIANGULATION    36

2.6    ASSUMPTIONS    37
2.7    RISK ASSESSMENT    37
2.8    RESEARCH LIMITATIONS    38
3    EXECUTIVE SUMMARY    39
FIGURE 8    CONNECTED RAIL MARKET: MARKET OVERVIEW    40
FIGURE 9    CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)    41
FIGURE 10    CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM,
2022–2027 (USD BILLION)    42
4    PREMIUM INSIGHTS    43
4.1    ATTRACTIVE OPPORTUNITIES IN CONNECTED RAIL MARKET    43
FIGURE 11    GROWING URBANIZATION AND INCREASING GOVERNMENT INVESTMENT IN RAILWAYS WILL BE DRIVING CONNECTED RAIL MARKET    43
4.2    CONNECTED RAIL MARKET, BY REGION    44
FIGURE 12    NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022    44
4.3    CONNECTED RAIL MARKET, BY SERVICE    45
FIGURE 13    PREDICTIVE MAINTENANCE SEGMENT PROJECTED TO LEAD CONNECTED RAIL MARKET, 2022- 2027 (USD BILLION)    45
4.4    CONNECTED RAIL MARKET, BY ROLLING STOCK    45
FIGURE 14    FREIGHT WAGON SEGMENT PROJECTED TO LEAD CONNECTED RAIL MARKET, 2022- 2027 (USD BILLION)    45
4.5    CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM    46
FIGURE 15    COMMUNICATION/COMPUTER-BASED TRAIN CONTROL SEGMENT PROJECTED TO LEAD CONNECTED RAIL MAIL, 2022-2027 (USD BILLION)    46
5    MARKET OVERVIEW    47
5.1    INTRODUCTION    47
TABLE 1    IMPACT OF MARKET DYNAMICS    48
5.2    MARKET DYNAMICS    49
FIGURE 16    CONNECTED RAIL MARKET DYNAMICS    49
5.2.1    DRIVERS    50
5.2.1.1    Deployment of Internet of Things in railways    50
FIGURE 17    IOT IN RAILWAYS    50
5.2.1.2    Increasing emphasis on smart infrastructure    51
FIGURE 18    SMART INFRASTRUCTURE ECOSYSTEM    52
TABLE 2    GLOBAL HIGH-SPEED RAIL NETWORK, 2020    52
5.2.1.3    Growing need for safety and compliance in rail transit    54
FIGURE 19    NEED FOR SAFETY AND SECURITY IN RAIL TRANSIT    54
5.2.1.4    Rising implementation of automated fare collection system    55
TABLE 3    GLOBAL AUTOMATED FARE COLLECTION SYSTEMS    55

5.2.2    RESTRAINTS    56
5.2.2.1    Lack of technology infrastructure and interoperability    56
5.2.2.2    Slow growth rate of GDP and inadequate infrastructure spending in developing countries    56
TABLE 4    KEY INDICATORS FOR INVESTMENTS IN RAIL INDUSTRY    57
5.2.2.3    High initial investment    58
5.2.3    OPPORTUNITIES    58
5.2.3.1    Autonomous train represents significant opportunity for connected rail market    58
TABLE 5    ADVANTAGES OF AUTONOMOUS RAIL    59
5.2.3.2    Open gateway for telecommunication providers    59
FIGURE 20    BIT RATES FOR DIFFERENT NETWORKS, 2021    60
5.2.3.3    Surge in passenger numbers over past few years    60
TABLE 6    RAIL COMMUTER DATA FOR EUROPE (IN THOUSANDS)    60
5.2.4    CHALLENGES    61
5.2.4.1    Data and privacy security of commuters    61
TABLE 7    INCIDENTS OF RAIL COMMUTER DATA BREACH (2020-2022)    62
5.2.4.2    Data management difficulties    62
FIGURE 21    CONNECTED RAIL NETWORK ARCHITECTURE    63
5.3    PORTER’S FIVE FORCES ANALYSIS    63
FIGURE 22    PORTER’S FIVE FORCES ANALYSIS OF CONNECTED RAIL MARKET    64
TABLE 8    CONNECTED RAIL MARKET: IMPACT OF PORTER’S FIVE FORCES    64
5.3.1    THREAT OF NEW ENTRANTS    65
5.3.2    THREAT OF SUBSTITUTES    65
5.3.3    BARGAINING POWER OF SUPPLIERS    65
5.3.4    BARGAINING POWER OF BUYERS    66
5.3.5    INTENSITY OF COMPETITIVE RIVALRY    66
5.4    MACROECONOMIC INDICATORS    66
5.4.1    GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES    67
TABLE 9    GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES,
2018–2026 (USD BILLION)    67
5.5    CASE STUDY    68
5.5.1    CISCO CASE STUDY    68
5.5.2    ALSTOM DEPLOYED CYBERSECURITY FOR MASS TRANSIT SYSTEMS IN MIDDLE EAST & AFRICA    68
5.5.3    ALSTOM PARTNERED WITH SNC-LAVALIN FOR REM PROJECT IN CANADA    68
5.6    TRENDS AND DISRUPTIONS    69
FIGURE 23    TRENDS AND DISRUPTIONS    69
5.7    DETAILED LIST OF CONFERENCES & EVENTS    70
TABLE 10    DETAILED LIST OF CONFERENCES & EVENTS    70
5.8    LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    71
TABLE 11    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    71
TABLE 12    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS    72
TABLE 13    ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS    73
5.9    KEY STAKEHOLDERS & BUYING CRITERIA    73
5.9.1    KEY STAKEHOLDERS IN BUYING PROCESS    74
TABLE 14    INFLUENCE OF STAKEHOLDERS IN BUYING CONNECTED RAIL SERVICES (%)    74
5.9.2    BUYING CRITERIA    74
TABLE 15    KEY BUYING CRITERIA FOR CONNECTED RAIL PRODUCTS AND SERVICES    74
TABLE 16    INSTRUMENTS FOR QUALITY CONTROL FOR CONNECTED RAIL PRODUCTS AND SERVICES    75
5.10    REGULATORY OVERVIEW    75
5.10.1    EUROPEAN NETWORK AND INFORMATION SECURITY AGENCY (ENISA)    75
TABLE 17    EUROPEAN NETWORK AND INFORMATION SECURITY AGENCY STANDARDS    76
5.10.2    GENERAL DATA PROTECTION REGULATION (GDPR)    76
5.10.3    INTERNATIONAL UNION OF RAILWAYS (UIC)    77
TABLE 18    QUALITY DIMENSIONS OF RAIL INDUSTRY    77
TABLE 19    ROLE ASSIGNMENT TO STAKEHOLDERS FOR QUALITY-OF-SERVICE REGULATIONS    78
5.11    VALUE CHAIN ANALYSIS    79
FIGURE 24    VALUE CHAIN ANALYSIS: CONNECTED RAIL MARKET    79
5.12    ECOSYSTEM ANALYSIS    80
FIGURE 25    ECOSYSTEM ANALYSIS: CONNECTED RAIL MARKET    80
TABLE 20    CONNECTED RAIL MARKET: ROLE OF COMPANIES IN ECOSYSTEM    81
5.13    COVID-19 IMPACT ANALYSIS    82
5.13.1    INTRODUCTION TO COVID-19    82
5.13.2    COVID-19 HEALTH ASSESSMENT    82
TABLE 21    SELECTED MEASURES BY RAILWAYS IN VARIOUS COUNTRIES DURING COVID-19 PANDEMIC    82
5.14    SCENARIO ANALYSIS    83
5.14.1    MOST LIKELY SCENARIO    83
TABLE 22    CONNECTED RAIL MARKET (MOST LIKELY), BY REGION,
2022–2027 (USD BILLION)    83
5.14.2    OPTIMISTIC SCENARIO    84
TABLE 23    CONNECTED RAIL MARKET (OPTIMISTIC), BY REGION,
2022–2027 (USD BILLION)    84
5.14.3    PESSIMISTIC SCENARIO    84
TABLE 24    CONNECTED RAIL MARKET (PESSIMISTIC), BY REGION,
2022–2027 (USD BILLION)    84
5.15    AVERAGE SELLING PRICE    85
TABLE 25    PRICING ANALYSIS    85
5.16    PATENT ANALYSIS    86
TABLE 26    PATENT ANALYSIS: CONNECTED RAIL MARKET (ACTIVE PATENTS)    86
FIGURE 26    EUROPE PATENT APPLICATION: DIGITAL TECHNOLOGY, BY APPLICANT, 2020    87
5.17    INDUSTRY TRENDS    88
5.17.1    IOT IN RAILWAYS    88
5.17.2    BIG DATA ANALYTICS AND CLOUD COMPUTING IN RAILWAYS    88
5.17.3    HYPERLOOP - FUTURE OF TRANSPORTATION    88
5.17.4    AUTOMATIC WARNING SYSTEM    89
5.17.5    DRONES FOR IDENTIFYING RAILWAY INFRASTRUCTURE ISSUES    89
5.17.6    AUTONOMOUS TRAIN    89
6    CONNECTED RAIL MARKET, BY SERVICE    90
6.1    INTRODUCTION    91
FIGURE 27    BY SERVICE, PREDICTIVE MAINTENANCE SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)    92
TABLE 27    CONNECTED RAIL MARKET, BY SERVICE, 2016–2021 (USD BILLION)    92
TABLE 28    CONNECTED RAIL MARKET, BY SERVICE, 2022–2027 (USD BILLION)    93
TABLE 29    SERVICE: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD BILLION)    93
TABLE 30    SERVICE: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    93
6.1.1    OPERATIONAL DATA    94
TABLE 31    CONNECTED RAIL OFFERINGS BASED ON SERVICE    94
6.1.2    ASSUMPTIONS    94
6.1.3    RESEARCH METHODOLOGY    95
6.2    PASSENGER MOBILITY & SERVICES    95
6.2.1    RISING NEED TO ENHANCE RAIL OPERATIONAL EFFICIENCY TO DRIVE MARKET FOR PASSENGER MOBILITY & SERVICES    95
TABLE 32    PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)    96
TABLE 33    PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)    96
6.2.2    PASSENGER MOBILITY & SERVICES: BY CONNECTIVITY TYPE    97
6.2.2.1    Wi-Fi service    97
6.2.2.2    On-board entertainment    97
TABLE 34    PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET,
BY CONNECTIVITY TYPE, 2016–2021 (USD BILLION)    97
TABLE 35    PASSENGER MOBILITY & SERVICES: CONNECTED RAIL MARKET,
BY CONNECTIVITY TYPE, 2022–2027 (USD BILLION)    97
6.3    PASSENGER INFORMATION SYSTEM (PIS)    98
6.3.1    DEMAND FOR REAL-TIME TRANSIT INFORMATION OF PASSENGERS LIKELY TO DRIVE PASSENGER INFORMATION SYSTEM MARKET    98
TABLE 36    PASSENGER INFORMATION SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)    99
TABLE 37    PASSENGER INFORMATION SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)    99
6.3.2    INFORMATION ANNOUNCEMENT SYSTEM    99
6.3.3    RAIL DISPLAY SYSTEM    100
TABLE 38    PASSENGER INFORMATION SYSTEM MARKET, BY TYPE,
2016–2021 (USD BILLION)    100
TABLE 39    PASSENGER INFORMATION SYSTEM MARKET, BY TYPE,
2022–2027 (USD BILLION)    100
6.3.4    INFORMATION ANNOUNCEMENT SYSTEM    101
TABLE 40    INFORMATION ANNOUNCEMENT SYSTEM MARKET, BY REGION,
2016–2021 (USD MILLION)    101
TABLE 41    INFORMATION ANNOUNCEMENT SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    101
6.3.5    RAIL DISPLAY SYSTEM    102
TABLE 42    RAIL DISPLAY SYSTEM MARKET, BY REGION, 2016–2021 (USD MILLION)    102
TABLE 43    RAIL DISPLAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)    102
6.3.5.1    Rail display systems, by display type    103
6.3.5.1.1    LED display system    103
6.3.5.1.2    LCD system    103
6.3.5.1.3    Others    103
TABLE 44    RAIL DISPLAY SYSTEM MARKET, BY DISPLAY TYPE,
2016–2021 (USD MILLION)    103
TABLE 45    RAIL DISPLAY SYSTEM MARKET, BY DISPLAY TYPE,
2022–2027 (USD MILLION)    104
6.3.5.2    Rail display system, by application type    104
6.3.5.2.1    Railway concourse display    104
6.3.5.2.2    Railway platform display    104
6.3.5.2.3    Railway on-board display    104
6.3.5.2.4    Railway emergency display (EDNE display)    104
6.3.5.2.5    Railway station clock    105
6.3.5.2.6    Railway station evacuation display (SEVAC)    105
TABLE 46    RAIL DISPLAY SYSTEM MARKET, BY APPLICATION TYPE,
2016–2021 (USD MILLION)    105
TABLE 47    RAIL DISPLAY SYSTEM MARKET, BY APPLICATION TYPE,
2022–2027 (USD MILLION)    105
6.4    TRAIN TRACKING & MONITORING SOLUTIONS    106
6.4.1    TRAIN TRACKING & MONITORING SOLUTIONS PROVIDE REAL-TIME TRAIN MONITORING TO IMPROVE EFFICIENCY AND SAFETY    106
TABLE 48    TRAIN TRACKING & MONITORING SOLUTIONS MARKET, BY REGION,
2016–2021 (USD BILLION)    106
TABLE 49    TRAIN TRACKING & MONITORING SOLUTIONS MARKET, BY REGION,
2022–2027 (USD BILLION)    107
6.5    AUTOMATED FARE COLLECTION SYSTEM    107
6.5.1    DEMAND FOR PAYMENT INTEGRATION SYSTEM AND AUTOMATIC TICKETING TO DRIVE MARKET IN FUTURE    107
TABLE 50    AUTOMATED FARE COLLECTION SYSTEM MARKET, BY REGION,
2016–2021 (USD BILLION)    108
TABLE 51    AUTOMATED FARE COLLECTION SYSTEM MARKET, BY REGION,
2022–2027 (USD BILLION)    108

6.6    IP VIDEO SURVEILLANCE    109
6.6.1    NEED FOR SAFETY AND SECURITY TO DRIVE MARKET FOR IP VIDEO SURVEILLANCE    109
TABLE 52    IP VIDEO SURVEILLANCE MARKET, BY REGION, 2016–2021 (USD BILLION)    109
TABLE 53    IP VIDEO SURVEILLANCE MARKET, BY REGION, 2022–2027 (USD BILLION)    109
6.7    PREDICTIVE MAINTENANCE    110
6.7.1    INCREASED ADOPTION OF PREDICTIVE MAINTENANCE SOLUTIONS TO MINIMIZE ERRORS    110
TABLE 54    PREDICTIVE MAINTENANCE MARKET, BY REGION, 2016–2021 (USD BILLION)    110
TABLE 55    PREDICTIVE MAINTENANCE MARKET BY REGION, 2022–2027 (USD BILLION)    111
6.8    FREIGHT MANAGEMENT SYSTEM    111
6.8.1    RISE IN DEMAND FOR EFFICIENT FREIGHT OPERATIONS    111
TABLE 56    FREIGHT MANAGEMENT SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)    112
TABLE 57    FREIGHT MANAGEMENT SYSTEM: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)    112
6.8.2    FREIGHT OPERATION MANAGEMENT    112
6.8.3    FREIGHT TRACKING    113
6.9    OTHERS    113
6.9.1    INCREASE IN DEMAND FOR TRAFFIC MANAGEMENT SOLUTIONS IN RAILWAYS TO BOOST CONNECTED RAIL MARKET    113
TABLE 58    OTHERS MARKET SIZE, BY REGION, 2016–2021 (USD BILLION)    114
TABLE 59    OTHERS MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)    114
6.10    KEY INDUSTRY INSIGHTS    115
7    CONNECTED RAIL MARKET, BY ROLLING STOCK    116
7.1    INTRODUCTION    117
FIGURE 28    BY ROLLING STOCK, FREIGHT WAGON SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)    118
TABLE 60    CONNECTED RAIL MARKET, BY ROLLING STOCK, 2016–2021 (UNITS)    118
TABLE 61    CONNECTED RAIL MARKET, BY ROLLING STOCK, 2022–2027 (UNITS)    119
TABLE 62    CONNECTED RAIL MARKET, BY ROLLING STOCK, 2016–2021 (USD BILLION)    119
TABLE 63    CONNECTED RAIL MARKET, BY ROLLING STOCK, 2022–2027 (USD BILLION)    120
7.1.1    OPERATIONAL DATA    121
TABLE 64    CONNECTED RAIL OFFERINGS BASED ON ROLLING STOCK    121
7.1.2    ASSUMPTIONS    121
7.1.3    RESEARCH METHODOLOGY    122
7.2    DIESEL LOCOMOTIVE    122
7.2.1    ABILITY TO OPERATE FOR LONGER PERIODS TO DRIVE MARKET FOR DIESEL LOCOMOTIVES    122
TABLE 65    DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (UNITS)    122
TABLE 66    DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (UNITS)    123
TABLE 67    DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD BILLION)    123
TABLE 68    DIESEL LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    123
7.3    ELECTRIC LOCOMOTIVE    124
7.3.1    ELECTRIC LOCOMOTIVES TO MAKE RAIL LINES EMISSION-FREE    124
TABLE 69    ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (UNITS)    124
TABLE 70    ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (UNITS)    125
TABLE 71    ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD BILLION)    125
TABLE 72    ELECTRIC LOCOMOTIVE: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    125
7.4    DIESEL MULTIPLE UNIT (DMU)    126
7.4.1    NORTH AMERICA EXPECTED TO BE FASTEST-GROWING MARKET FOR DMU DURING FORECAST PERIOD    126
TABLE 73    DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (UNITS)    126
TABLE 74    DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (UNITS)    126
TABLE 75    DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD BILLION)    127
TABLE 76    DIESEL MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    127
7.5    ELECTRIC MULTIPLE UNIT (EMU)    128
7.5.1    INCREASE IN HIGH-SPEED RAIL LINES EXPECTED TO BOOST MARKET FOR ELECTRIC MULTIPLE UNITS    128
TABLE 77    ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (UNITS)    128
TABLE 78    ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (UNITS)    128
TABLE 79    ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET SIZE, BY REGION, 2016–2021 (USD BILLION)    129
TABLE 80    ELECTRIC MULTIPLE UNIT: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    129
7.6    LIGHT RAIL/TRAM CAR    130
7.6.1    INCREASING CONCERNS ABOUT TRAFFIC DUE TO OVERPOPULATION AND MIGRATION DRIVING GLOBAL LIGHT RAIL/TRAM MARKET    130
TABLE 81    LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (UNITS)    130
TABLE 82    LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (UNITS)    130
TABLE 83    LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD BILLION)    131
TABLE 84    LIGHT RAIL/TRAM CAR: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    131

7.7    SUBWAY/METRO VEHICLE    132
7.7.1    INCREASING URBANIZATION EXPECTED TO DRIVE SUBWAY/METRO VEHICLE MARKET    132
TABLE 85    SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (UNITS)    132
TABLE 86    SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (UNITS)    132
TABLE 87    SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD BILLION)    133
TABLE 88    SUBWAY/METRO VEHICLE: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    133
7.8    PASSENGER COACH    134
7.8.1    RISING ADOPTION OF SMART TECHNOLOGY IN RAILWAY SECTOR TO DRIVE MARKET FOR PASSENGER COACHES    134
TABLE 89    PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (UNITS)    134
TABLE 90    PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (UNITS)    135
TABLE 91    PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD BILLION)    135
TABLE 92    PASSENGER COACH: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    135
7.9    FREIGHT WAGON    136
7.9.1    GROWING INTER-STATE AND INTRA-STATE TRADE DRIVING FREIGHT WAGON SEGMENT    136
TABLE 93    FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (UNITS)    136
TABLE 94    FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (UNITS)    137
TABLE 95    FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD BILLION)    137
TABLE 96    FREIGHT WAGON: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD BILLION)    137
7.10    KEY PRIMARY INSIGHTS    138
FIGURE 29    KEY PRIMARY INSIGHTS    138
8    CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM    139
8.1    INTRODUCTION    140
FIGURE 30    BY SAFETY & SIGNALING SYSTEM, CBTC SEGMENT ESTIMATED TO LEAD CONNECTED RAIL MARKET FROM 2022 TO 2027 (USD BILLION)    141
TABLE 97    CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM,
2016–2021 (USD BILLION)    141
TABLE 98    CONNECTED RAIL MARKET, BY SAFETY & SIGNALING SYSTEM,
2022–2027 (USD BILLION)    141
8.1.1    OPERATIONAL DATA    142
TABLE 99    CONNECTED RAIL OFFERINGS BASED ON SAFETY & SIGNALING SYSTEM    142
8.1.2    ASSUMPTIONS    142
8.1.3    RESEARCH METHODOLOGY    143
8.2    POSITIVE TRAIN CONTROL (PTC)    143
8.2.1    DEMAND FOR POSITIVE TRAIN CONTROL TECHNOLOGY TO GROW WITH RISING RAIL INFRASTRUCTURE    143
TABLE 100    POSITIVE TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION,
2016–2021 (USD MILLION)    143
TABLE 101    POSITIVE TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION,
2022–2027 (USD MILLION)    144
8.3    COMMUNICATION/COMPUTER-BASED TRAIN CONTROL (CBTC)    144
8.3.1    COMMUNICATION-BASED TRAIN CONTROL MARKET WILL GROW TO MAKE RAIL LINES SAFE    144
TABLE 102    COMMUNICATION/COMPUTER-BASED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD MILLION)    145
TABLE 103    COMMUNICATION/COMPUTER-BASED TRAIN CONTROL: CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD MILLION)    145
8.4    AUTOMATED/INTEGRATED TRAIN CONTROL (ATC)    146
8.4.1    TECHNOLOGICAL DEVELOPMENT LED TO DEMAND FOR AUTOMATED TRAIN CONTROL SYSTEMS    146
TABLE 104    AUTOMATED/INTEGRATED TRAIN CONTROL: CONNECTED RAIL MARKET,
BY REGION, 2016–2021 (USD MILLION)    146
TABLE 105    AUTOMATED/INTEGRATED TRAIN CONTROL: CONNECTED RAIL MARKET,
BY REGION, 2022–2027 (USD MILLION)    146
8.5    KEY PRIMARY INSIGHTS    147
FIGURE 31    KEY PRIMARY INSIGHTS    147
9    CONNECTED RAIL MARKET, BY REGION    148
9.1    INTRODUCTION    149
FIGURE 32    SAFETY & SIGNALING SYSTEM EXPECTED TO WITNESS HIGHEST GROWTH RATE IN CONNECTED RAIL MARKET DURING FORECAST PERIOD    150
TABLE 106    CONNECTED RAIL MARKET, BY REGION, 2016–2021 (USD BILLION)    150
TABLE 107    CONNECTED RAIL MARKET, BY REGION, 2022–2027 (USD BILLION)    150
TABLE 108    CONNECTED RAIL MARKET, BY SEGMENT, 2016–2021 (USD BILLION)    151
TABLE 109    CONNECTED RAIL MARKET, BY SEGMENT, 2022–2027 (USD BILLION)    151
9.2    NORTH AMERICA    152
9.2.1    US    152
9.2.1.1    Government initiatives to drive connected rail market in US    152
9.2.2    CANADA    153
9.2.2.1    Increasing number of passengers and growing freight traffic to drive connected rail market growth in Canada    153
9.2.3    MEXICO    153
9.2.3.1    Strategic location to play key role in rail infrastructure development in Mexico    153
FIGURE 33    NORTH AMERICA: CONNECTED RAIL MARKET SNAPSHOT    154
TABLE 110    NORTH AMERICA: CONNECTED RAIL MARKET, BY SEGMENT,
2016–2021 (USD BILLION)    155
TABLE 111    NORTH AMERICA: CONNECTED RAIL MARKET, BY SEGMENT,
2022–2027 (USD BILLION)    155
9.3    EUROPE    155
9.3.1    UK    156
9.3.1.1    Need to improve efficiency of existing railway infrastructure to boost market growth    156
9.3.2    GERMANY    156
9.3.2.1    Growing adoption of IoT and analytics to boost market growth    156
9.3.3    FRANCE    157
9.3.3.1    High investments by railway operators to drive market growth    157
9.3.4    REST OF EUROPE    157
TABLE 112    EUROPE: CONNECTED RAIL MARKET, BY SEGMENT,
2016–2021 (USD BILLION)    157
TABLE 113    EUROPE: CONNECTED RAIL MARKET, BY SEGMENT,
2022–2027 (USD BILLION)    158
9.4    ASIA PACIFIC    158
9.4.1    CHINA    159
9.4.1.1    High government investments in railway infrastructure and rapid growth in railway sector to drive market    159
9.4.2    INDIA    159
9.4.2.1    Growing profits in railway sector and government initiatives for smart cities to drive market growth    159
9.4.3    JAPAN    159
9.4.3.1    Higher adoption of railway technologies to boost market    159
9.4.4    REST OF ASIA PACIFIC    160
FIGURE 34    ASIA-PACIFIC: CONNECTED RAIL SNAPSHOT    160
TABLE 114    ASIA PACIFIC: CONNECTED RAIL MARKET, BY SEGMENT,
2016–2021 (USD BILLION)    161
TABLE 115    ASIA PACIFIC: CONNECTED RAIL MARKET, BY SEGMENT,
2022–2027 (USD BILLION)    161
9.5    MIDDLE EAST & AFRICA    161
9.5.1    UAE    162
9.5.1.1    Improving rail infrastructure to drive market growth    162
9.5.2    SOUTH AFRICA    162
9.5.2.1    Increased demand for transportation services to match regional trade requirements to drive market growth    162
9.5.3    REST OF MIDDLE EAST & AFRICA    162
TABLE 116    MIDDLE EAST & AFRICA: CONNECTED RAIL MARKET, BY SEGMENT,
2016–2021 (USD BILLION)    162
TABLE 117    MIDDLE EAST & AFRICA: CONNECTED RAIL MARKET, BY SEGMENT,
2022–2027 (USD BILLION)    163
9.6    REST OF THE WORLD    163
9.6.1    BRAZIL    164
9.6.1.1    High scope for further development of railway infrastructure to boost market growth    164

9.6.2    IRAN    164
9.6.2.1    High scope for further expansion of railway infrastructure to boost market growth    164
TABLE 118    REST OF THE WORLD: CONNECTED RAIL MARKET, BY SEGMENT,
2016–2021 (USD BILLION)    164
TABLE 119    REST OF THE WORLD: CONNECTED RAIL MARKET, BY SEGMENT,
2022–2027 (USD BILLION)    165
10    COMPETITIVE LANDSCAPE    166
10.1    OVERVIEW    166
10.2    MARKET SHARE ANALYSIS FOR CONNECTED RAIL MARKET    166
TABLE 120    MARKET SHARE ANALYSIS, 2021    166
FIGURE 35    MARKET SHARE ANALYSIS, 2021    167
10.2.1    ROBERT BOSCH GMBH    167
10.2.2    HUAWEI    168
10.2.3    HITACHI    168
10.2.4    SIEMENS    168
10.2.5    WABTEC CORPORATION    168
10.3    KEY PLAYER STRATEGIES    169
TABLE 121    OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN CONNECTED RAIL MARKET    169
10.4    REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2021    170
FIGURE 36    TOP PUBLIC/LISTED PLAYERS DOMINATING CONNECTED RAIL MARKET DURING LAST FIVE YEARS    170
10.5    COMPETITIVE SCENARIO    171
10.5.1    NEW PRODUCT LAUNCHES    171
TABLE 122    NEW PRODUCT LAUNCHES, 2018-2022    171
10.5.2    DEALS    172
TABLE 123    DEALS, 2018–2022    172
10.6    COMPANY EVALUATION QUADRANT    173
10.6.1    STARS    173
10.6.2    EMERGING LEADERS    174
10.6.3    PERVASIVE    174
10.6.4    PARTICIPANTS    174
FIGURE 37    CONNECTED RAIL MARKET: COMPANY EVALUATION QUADRANT, 2021    175
TABLE 124    CONNECTED RAIL MARKET: COMPANY FOOTPRINT, 2021    176
TABLE 125    CONNECTED RAIL MARKET: PRODUCT FOOTPRINT, 2021    176
TABLE 126    CONNECTED RAIL MARKET: REGIONAL FOOTPRINT, 2021    177
10.7    START-UP/SME EVALUATION QUADRANT    177
10.7.1    PROGRESSIVE COMPANIES    177
10.7.2    RESPONSIVE COMPANIES    177
10.7.3    DYNAMIC COMPANIES    177
10.7.4    STARTING BLOCKS    178
FIGURE 38    CONNECTED RAIL MARKET: START-UP/SME EVALUATION QUADRANT, 2021    178
TABLE 127    CONNECTED RAIL MARKET: DETAILED LIST OF KEY STARTUPS/SMES    179
TABLE 128    CONNECTED RAIL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]    180
10.8    RIGHT TO WIN, 2018-2022    181
TABLE 129    WINNERS VS. TAIL-ENDERS    181
11    COMPANY PROFILES    182
11.1    KEY PLAYERS    182
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1    SIEMENS    182
TABLE 130    SIEMENS: BUSINESS OVERVIEW    182
FIGURE 39    SIEMENS: COMPANY SNAPSHOT    183
FIGURE 40    SIEMENS: CLEAR PRIORITIES FOR SUSTAINABILITY    183
TABLE 131    SIEMENS: PRODUCTS OFFERED    184
TABLE 132    SIEMENS: NEW PRODUCT DEVELOPMENTS    185
TABLE 133    SIEMENS: DEALS    186
11.1.2    HITACHI    188
TABLE 134    HITACHI: BUSINESS OVERVIEW    188
FIGURE 41    HITACHI: COMPANY SNAPSHOT    189
TABLE 135    HITACHI: PRODUCTS OFFERED    189
FIGURE 42    HITACHI FUTURE RAIL TICKETING SERVICES    190
TABLE 136    HITACHI: NEW PRODUCT DEVELOPMENTS    191
TABLE 137    HITACHI: DEALS    191
11.1.3    WABTEC CORPORATION    193
TABLE 138    WABTEC CORPORATION: BUSINESS OVERVIEW    193
FIGURE 43    WABTEC CORPORATION: COMPANY SNAPSHOT    194
FIGURE 44    WABTEC CORPORATION: FUTURE OUTLOOK    194
TABLE 139    WABTEC CORPORATION: PRODUCTS OFFERED    195
TABLE 140    WABTEC CORPORATION: NEW PRODUCT DEVELOPMENTS    196
TABLE 141    WABTEC CORPORATION: DEALS    196
TABLE 142    WABTEC CORPORATION: OTHERS    197
11.1.4    TRIMBLE    199
TABLE 143    TRIMBLE: BUSINESS OVERVIEW    199
FIGURE 45    TRIMBLE: COMPANY SNAPSHOT    200
TABLE 144    TRIMBLE: PRODUCTS OFFERED    200
TABLE 145    TRIMBLE: NEW PRODUCT DEVELOPMENTS    201
TABLE 146    TRIMBLE: DEALS    202
11.1.5    ROBERT BOSCH GMBH    203
TABLE 147    ROBERT BOSCH GMBH: BUSINESS OVERVIEW    203
FIGURE 46    ROBERT BOSCH GMBH: COMPANY SNAPSHOT    204
TABLE 148    ROBERT BOSCH GMBH: PRODUCTS OFFERED    204
TABLE 149    ROBERT BOSCH GMBH: NEW PRODUCT DEVELOPMENTS    205

11.1.6    HUAWEI    206
TABLE 150    HUAWEI: BUSINESS OVERVIEW    206
FIGURE 47    HUAWEI: COMPANY SNAPSHOT    207
TABLE 151    HUAWEI: PRODUCTS OFFERED    207
TABLE 152    HUAWEI: NEW PRODUCT DEVELOPMENTS    208
TABLE 153    HUAWEI: DEALS    208
11.1.7    CISCO    210
TABLE 154    CISCO: BUSINESS OVERVIEW    210
FIGURE 48    CISCO: COMPANY SNAPSHOT    211
TABLE 155    CISCO: PRODUCTS OFFERED    211
TABLE 156    CISCO: NEW PRODUCT DEVELOPMENTS    212
TABLE 157    CISCO: DEALS    212
11.1.8    NOKIA    213
TABLE 158    NOKIA: BUSINESS OVERVIEW    213
FIGURE 49    NOKIA: COMPANY SNAPSHOT    213
TABLE 159    NOKIA: PRODUCTS OFFERED    214
TABLE 160    NOKIA: DEALS    215
11.1.9    ATOS    216
TABLE 161    ATOS: BUSINESS OVERVIEW    216
FIGURE 50    ATOS: COMPANY SNAPSHOT    217
TABLE 162    ATOS: PRODUCTS OFFERED    217
TABLE 163    ATOS: DEALS    218
11.1.10    IBM    219
TABLE 164    IBM: BUSINESS OVERVIEW    219
FIGURE 51    IBM: COMPANY SNAPSHOT    220
TABLE 165    IBM: PRODUCTS OFFERED    220
TABLE 166    IBM: NEW PRODUCT DEVELOPMENTS    221
TABLE 167    IBM: DEALS    221
11.1.11    TECH MAHINDRA    223
TABLE 168    TECH MAHINDRA: BUSINESS OVERVIEW    223
FIGURE 52    TECH MAHINDRA: COMPANY SNAPSHOT    224
TABLE 169    TECH MAHINDRA: PRODUCTS OFFERED    224
TABLE 170    TECH MAHINDRA: DEALS    225
11.1.12    SIERRA WIRELESS    226
TABLE 171    SIERRA WIRELESS: BUSINESS OVERVIEW    226
FIGURE 53    SIERRA WIRELESS: COMPANY SNAPSHOT    227
TABLE 172    SIERRA WIRELESS: PRODUCTS OFFERED    227
TABLE 173    SIERRA WIRELESS: NEW PRODUCT DEVELOPMENTS    228
TABLE 174    SIERRA WIRELESS: DEALS    228
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

11.2    OTHER KEY PLAYERS    229
11.2.1    TOSHIBA    229
11.2.2    SCOMI GROUP BHD    230
11.2.3    WOOJIN INDUSTRIAL SYSTEMS CO., LTD.    230
11.2.4    ABB    231
11.2.5    STRUKTON    231
11.2.6    LEGIOS    232
11.2.7    DEUTA-WERKE GMBH    232
11.2.8    THALES GROUP    233
11.2.9    DEUTSCHE BAHN AG    233
11.2.10    AMERICAN EQUIPMENT COMPANY    234
11.2.11    CALAMP    234
11.2.12    UGL LIMITED    235
11.2.13    SINARA TRANSPORT MACHINES    235
11.2.14    TUV RHEINLAND    236
12    RECOMMENDATIONS BY MARKETSANDMARKETS    237
12.1    ASIA PACIFIC IS KEY FOCUS REGION FOR CONNECTED RAIL MARKET    237
12.2    PREDICTIVE MAINTENANCE MARKET ON THE RISE    237
12.3    CONCLUSION    237
13    APPENDIX    238
13.1    DISCUSSION GUIDE    238
13.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    242
13.3    AVAILABLE CUSTOMIZATIONS    244
13.3.1    DETAILED ANALYSIS OF DIFFERENT ROLLING STOCK TYPES AT THE COUNTRY LEVEL (UP TO 3)    244
13.3.2    DETAILED ANALYSIS OF DIFFERENT CONNECTED RAIL SERVICES AT THE COUNTRY LEVEL (UP TO 3)    244
13.3.3    DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS
(UP TO 3)    244
13.4    RELATED REPORTS    244
13.5    AUTHOR DETAILS    245"