CHICAGO, May 2, 2024
/PRNewswire/ -- With the help of AI, IoT, and big data
analytics, the Railway Management System Market will undergo a
digital revolution that will allow for autonomous operations,
intelligent infrastructure, and individualised passenger
experiences. Innovation will be fueled by cybersecurity, green
initiatives, and regulatory compliance; industry-wide breakthroughs
and standardisation efforts will be fostered by international
collaboration.
The Railway Management System Market size is
projected to grow from from USD 57.1
billion in 2024 to USD 87.3
billion by 2029, at a CAGR of 8.9% during the forecast
period, according to a new report by MarketsandMarkets™.
Innovations such as Internet of Things (IoT), artificial
intelligence (AI), big data analytics, and cloud computing are
transforming the railway management landscape. These technologies
enable predictive maintenance, automated operations, and
data-driven decision-making, leading to better performance and
reliability.
Browse in-depth TOC on "Railway Management System
Market"
200 – Tables
50 - Figures
250 – Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2019-2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD)
Million/Billion
|
Segments
Covered
|
Offering
(Solutions(Rail Operations Management, Rail Traffic Management
(Signaling Solutions, Real-Time Train Planning And Route
Scheduling/Optimizing, Centralized Traffic Control, Positive Train
Control, Rail Communications-Based Train Control (CBTC), Other
Traffic Management Solutions), Asset Management (Enterprise Asset
Management, Field Service Management, Asset Performance Management,
Other Asset Management Systems), Intelligent In-Train Solutions,
Other Solutions), Services (Consulting Services, System Integration
and Deployment Services, Support And Maintenance Services), and
Region
|
Region
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Companies
covered
|
Alstom SA (France),
Huawei Technologies Co., Ltd. (China), Siemens AG (Germany),
Hitachi, Ltd. (Japan), Wabtec Corporation (US), Cisco Systems, Inc.
(US), ABB (Switzerland), Indra Sistemas, S.A. (Spain), IBM (US),
Honeywell International Inc. (US), CAF, Construcciones y Auxiliar
de Ferrocarriles, S.A. (Spain), WSP (Canada), Kyosan Electric Mfg.
Co., (Japan), Advantech Co., Ltd. (Taiwan), Thales (France),
Amadeus IT Group SA (Spain), AtkinsRéalis (UK), DXC Technology
Company (US), Fujitsu Limited (Japan), Railroad Software (US),
RAILCUBE (Netherlands), Uptake Technologies Inc. (US), NWAY
Technologies Private Limited (India), Eurotech S.p.A. (Italy),
Frequentis (Austria), Railinc Corporation (US), and Arcadis Gen
Holdings Limited (UK)
|
Based on solutions, the rail traffic management system
segment holds the largest market size during the forecast
period
Rail traffic management system facilitates centralized
supervision and control of the entire rail network, enabling the
regulation of all rail operations through a central control system.
This system utilizes real-time data transmitted via high-speed
communication links across trains and rail infrastructure to
automate traffic management. Functions of rail traffic management
encompass signaling, traffic control, routing, and train
scheduling, providing a flexible solution to enhance network
capacity and time efficiency while regulating traffic flow,
mitigating operational delays, and bolstering disaster management
capabilities for the entire rail network. Key features of the rail
traffic management system include traffic planning, operational
management systems, power supply and infrastructure management,
passenger information services, maintenance support, and both
driver-only and driverless operation capabilities.
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Based on solutions, the rail operations management segment is
expected to grow with the highest CAGR during the forecast
period
The management of rail operations entails organizing and
optimizing various tasks to ensure the safe, effective, and
dependable functioning of railway networks. This involves
coordinating activities such as scheduling, dispatching,
maintenance planning, crew allocation, and performance tracking.
Rail operations management integrates data from all rail systems
and subsystems into a unified platform to enhance operational
effectiveness. This system furnishes up-to-date status reports on
all railway facilities via a centralized platform, enabling rail
managers to establish a comprehensive central office capable of
overseeing and administering rail station systems, railway
infrastructure assets, and communication networks.
North America to hold the
largest market size during the forecast period.
The Railway Management System Market in North America has experienced substantial
growth recently, fueled by technological advancements and a
burgeoning need for efficient transportation solutions. With a
focus on safety and operational efficiency, railway operators are
increasingly investing in advanced signaling, traffic management,
and passenger information systems. Digitalization is a key trend,
with the adoption of IoT, AI, and big data analytics
revolutionizing railway operations. Moreover, the integration of
mobility solutions and government initiatives aimed at modernizing
infrastructure further propel market expansion. As railway networks
expand and upgrade, the demand for sophisticated management systems
continues to rise, positioning North
America's Railway Management System Market for continued
growth and innovation.
Top Key Companies in Railway Management System
Market:
The Railway Management System Market comprises major providers,
such as Alstom SA (France), Huawei
Technologies Co., Ltd. (China),
Siemens AG (Germany), Hitachi,
Ltd. (Japan), Wabtec Corporation
(US), Cisco Systems, Inc. (US), ABB (Switzerland), Indra Sistemas, S.A.
(Spain), IBM Corporation (US),
Honeywell International Inc. (US), CAF (Spain), WSP (Canada), Kyosan Electric Mfg. Co.,
(Japan), Advantech Co., Ltd.
(Taiwan), Thales (France), Amadeus IT Group SA (Spain), AtkinsRéalis (UK), DXC Technology
Company (US), Fujitsu Limited (Japan), Railroad Software (US), RAILCUBE
(Netherlands), Uptake Technologies
Inc. (US), NWAY Technologies Private Limited (India), Eurotech S.p.A. (Italy), Frequentis (Austria), Railinc Corporation (US), and
Arcadis Gen Holdings Limited (UK). To increase their market share
in the railway management system industry, these competitors have
used a variety of growth methods, including partnerships,
agreements, collaborations, new product releases, product
enhancements, and acquisitions.
Recent Developments
- In March 2024, Siemens partnered
with Metrolinx, the regional public transit operator for the
Greater Toronto and Hamilton Area, to handle their track, signal,
and right-of-way maintenance for the Central Region of Toronto's passenger railway infrastructure
system. This partnership builds upon Siemens Mobility's existing
maintenance services in the West Region and signal and
communications services at the Metrolinx Network Operations
Center.
- In March 2024, Hitachi Rail announced the launch of Train
Maintenance DX as a Service, the industry's first "as a Service"
solution to improve the work environment and the quality of train
maintenance for railway operators, using the digital expertise in
train manufacturing that it has accumulated at its Kasado Works in
Kudamatsu City, Yamaguchi Prefecture in Japan.
- In February 2024, Alstom has
signed a central service agreement with PKP Polskie Linie Kolejowe
S.A, managing the Polish national railway network. The contract
aims to offer post-warranty maintenance for railway traffic control
devices and computer systems produced by Alstom. This includes
Alstom's railway traffic control systems, track vacancy system
(SOL) and power supply. Alstom will provide service support for 328
facilities in 17 Railway Line plants located throughout
Poland.
- In February 2024, Huawei launched
its Smart Railway Perimeter Detection solution, to empower
high-speed, secure, intelligent, and sustainable development across
the transportation industry, facilitating intelligent railway
transformation.
- In December 2023, Alstom launched
India's first Digital Experience
Centre ever built by a rail OEM. Located in Bangalore and spread over 5000 sq.ft., the
Digital Experience is a hub for executing Urban, Mainline, Freight
& Mining (specific market) projects along with the integrated
cybersecurity, Security & Telecom and SCADA features. With this
center, Alstom has its largest signaling lab infrastructure spread
over 60000 sq.ft. in India that
aids the company's vision of making India a global hub for technology and
innovation.
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Railway Management System Market Advantages:
- Railway management systems enhance the efficiency and
dependability of rail services by automating tasks like scheduling,
ticketing, fleet management, and maintenance.
- By incorporating cutting-edge safety features like real-time
monitoring, collision avoidance, and signalling, these systems
enhance the safety of freight transportation, personnel, and
passengers.
- Railway management systems improve the overall experience and
happiness of passengers by providing passenger-centric services
including online booking, seat reservations, real-time updates, and
digital amenities.
- Railway management systems assist in lowering operating costs,
minimising downtime, and maximising the use of infrastructure,
train stock, and labour by optimising resource allocation and
utilisation.
- Railway operators are empowered to enhance service quality,
optimise routes, and make well-informed decisions by utilising the
actionable insights and analytics these systems offer, which are
derived from data gathered from diverse sensors and devices.
- Railway management systems enable smooth connectivity and
multimodal transportation solutions by facilitating
interoperability and integration with other forms of transportation
and infrastructure.
- Railway management systems help to reduce traffic congestion
and carbon emissions by encouraging the change from vehicle to rail
mode and optimising energy use.
- By assuring adherence to legal and operational laws, these
systems assist railway operators in meeting safety standards and
regulatory requirements set by industry associations and government
authorities.
Report Objectives
- To determine, segment, and forecast the global Railway
Management System Market based on offering, and region in terms of
value.
- To forecast the size of the market segments to five main
regions: North America,
Europe, Asia Pacific, Middle
East & Africa, and
Latin America.
- To provide detailed information about the major factors
(drivers, opportunities, threats, and challenges) influencing the
growth of the Railway Management System Market.
- To study the complete value chain and related industry segments
and perform a value chain analysis of the Railway Management System
Market landscape.
- To strategically analyze the macro and micro markets to
individual growth trends, prospects, and contributions to the total
Railway Management System Market.
- To analyze the industry trends, patents, and innovations
related to the Railway Management System Market.
- To analyze the opportunities for stakeholders by identifying
the high-growth segments of the Railway Management System
Market.
- To profile the key players in the market and comprehensively
analyze their market share/ranking and core competencies.
- To track and analyze competitive developments, such as mergers
& acquisitions, product launches & developments,
partnerships, agreements, collaborations, business expansions, and
Research & Development (R&D) activities.
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