Report

Smart Railways Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • Publish Date: Apr,2023
  • Report ID: 16-13-1273
  • Page : 200
  • Report Type : PDF (Email)
IBM Enterprise
- Prophet Enterprise
- Internap Enterprise
- Bundle Inc. (An Equinix Inc. Organization)
- Scaleway Inc.
- Amazon Web Administrations Inc
- Rackspace Inc.
- CenturyLink, Inc.
- LightEdge Arrangements, Inc
[Report Description]

The Shrewd Rail routes Market was esteemed at USD 15.85 billion out of 2020 and expected to arrive at USD 36.58 billion by 2026 and develop at a CAGR of 15.14% over the estimate period (2021 - 2026). The smart railway system has emerged as a result of global trends like digitization, connectivity, sustainability, energy conservation, and the integration of IoT. The worldwide populace is supposed to reach 9.8 billion by 2050, out of which 75% will abide in urban communities. As a result, public agencies must now ensure that the transportation sector is prepared to meet the growing demands for connectivity.

Highlights The "smart railway" system's expansion is anticipated to be primarily driven by the growing demand for urban connectivity, the integration of more Internet of Things-based solutions, and an increased focus on lowering emissions. According to the International Transport Forum, passenger mobility is anticipated to rise by 200-300 percent by 2050, while freight activity is anticipated to rise by 150-250 percent.
This necessitates the implementation of innovative solutions in order to provide sufficient transport capacity for the expanding volumes of goods and individuals. It is anticipated that trends such as machine-to-machine (M2M) technology, the incorporation of Big Data and the Internet of Things, the expansion of computer power, and the utilization of embedded sensors will pave the way for truly integrated and intermodal transport solutions.
In addition, mega-regions, which essentially result from the convergence of major cities like the Boston-New York-Washington corridor, the So Paulo-Rio de Janeiro region, and the Hong Kong-Shenzhen-Guangzhou area in China, are anticipated to emerge in order to provide better opportunities for growth. Advanced communication technologies are capable of achieving the high connectivity levels that are required for these regions.
The railway infrastructure has also seen an evolution in the use of analytics. How much information being created by the rail network is driving the reception of an examination arrangement. The leading authority on railroads, Lyndon Henry, claims that the US railroads handle and monitor more than 1.5 million freight cars each day. Over the cloud, this generates a huge amount of data.
Since governments all over the world announced that they would avoid crowded places, the COVID-19 virus has had an impact on the railways industry. As a result, there has been an increase in demand for innovative solutions in the railway sector to ensure the smooth operation of railway services.
The rail network operators in developed regions of the world are actively investing in the development of analytics systems. Key Market Trends Rail Analytics System is Expected to Witness Significant Growth Cloud-based systems are becoming increasingly popular right now. The market is seeing a requirement for devices that assistance in expansion of stretches between specific upkeep occasions, such as turning wheels (on a machine) or supplanting the haggle sets on the trains, which diminish support costs.
It is anticipated that the analytics-based solutions will collaborate closely with security and surveillance systems to make use of video analytics. This will likely aid in the identification of obstacles and increase the railway system's overall efficiency.
Rail analytic systems are primarily used for timetable management, capacity optimization, prompt travel service, and predictive maintenance. In developed regions of the world, operators of rail networks are actively investing in the creation of analytics systems. Cloud-based systems are currently popular. For instance, Network Rail, based in the UK, recently collaborated with Deloitte to use railway signaling systems to achieve a public performance measure (PPM) of 92.5 percent.
Tracking and monitoring, remote diagnosis, task management, data analytics, driver assistance systems, a mobile technician app, and locomotive train controllers are among the expected software modules for smart railways. The market is about to see new fuel technologies that will make railways a more sustainable option. Hydrogen, wind turbines, or solar panels are likely to be used in these.
According to the International Union of Railways, Asia-Pacific accounted for close to 28% of the total railway network (in terms of line length). With 100,000 km and 65,000 km, respectively, China and India dominate the share. This region's regional governments have been working together to "upgrade" and "revamp" the existing lines to make their operations run more smoothly.
Additionally, Asia-Pacific emerging markets are anticipated to see the greatest emergence of megacities; China is home to four of the world's 24 megacities. From Guangzhou to Shenzhen, it is anticipated that Chinese planners will combine nine cities in the Pearl River Delta to create a 26,000 sq. km of urban space Greater London's size is likely 26 times smaller than this. This project, which aims to integrate networks for transportation, energy, water, and telecommunication, is expected to cost approximately USD 260 billion over the course of the next four years.
In addition, over USD 28 billion in public-private partnership (PPP) projects for the smart railway system are being funded by a number of Chinese banks. In a similar vein, Japan is well on its way to implementing intelligent solutions, such as providing travelers with an AI-powered personal concierge.
In terms of passenger throughput, the Shanghai Hongqiao railway station ranks among Asia's busiest. China Mobile Shanghai launched a 5G network at the station in collaboration with Huawei that included a 5G digital indoor system (DIS). Passengers should be able to download a 2 GB high-definition movie in less than 20 seconds by logging into a network that is supported by the system.
Landscape of Competitors Several major players dominate the smart railways market, which is highly competitive. Few of the major players currently hold the majority of the market's share. The majority of businesses, on the other hand, are expanding their market presence in emerging markets as a result of advances in network connectivity and technological development.

In November 2019, Alstom and SBB, the Swiss national railway company, agreed to a ten-year maintenance contract for SBB's European Train Control System (ETCS), which is the signaling and control portion of the European Rail Traffic Management System (ERTMS).
At IBM's IoT Exchange in April 2019, IBM announced a partnership with Sund & Bolt to help develop an AI-powered Internet of Things (IoT) solution for extending the lifespan of aging bridges, tunnels, highways, and railways. IBM Maximo for Civil Infrastructure, a new industry solution, expands the IBM Maximo portfolio while offering extensive industry- and task-specific functionality to assist businesses in managing, monitoring, and administering their infrastructure assets."