Quick Summary:
In the burgeoning world of the Connected Rail marketplace, discerning executives need to stay ahead of the curve. The intricacies of this global industry, poised to reach a total value of $159.8 Billion by 2030, are comprehensively explored in our newly released market research report. This essential document provides critical insights into the marketplace, promising to guide strategic decision-making and help you maintain a strong competitive edge.
Our research identifies key growth areas, such as Predictive Maintenance, which is projected to hit a formidable $60 Billion by the end of the studied period, and tracks evolving trends like Train Tracking & Monitoring Solutions. This exhaustive report also provides geographical breakdowns, examining major markets like the US, China, Japan, Canada, and Europe, and spotlighting the anticipated market performance of countries such as Germany. With competitor analysis featuring top corporations in the industry, this report is an invaluable resource for any senior business executive navigating the Connected Rail landscape.
Global Connected Rail Market to Reach $159.8 Billion by 2030
The global market for Connected Rail estimated at US$103 Billion in the year 2022, is projected to reach a revised size of US$159.8 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Predictive Maintenance, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$60 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Train Tracking & Monitoring Solutions segment is readjusted to a revised 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $31 Billion, While China is Forecast to Grow at 5.2% CAGR
The Connected Rail market in the U.S. is estimated at US$31 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$27.7 Billion by the year 2030 trailing a CAGR of 5.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.Select Competitors (Total 73 Featured) -
- CalAmp Corporation
- Cisco Systems, Inc.
- Hitachi Ltd.
- Huawei Investment & Holding Co., Ltd.
- IBM Corporation
- Nokia Corporation
- Robert Bosch GmbH
- Siemens AG
- Sierra Wireless, Inc.
- Tech Mahindra Ltd.
- Trimble, Inc.
- Wabtec Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Connected Rail?
What is the growth rate of the Global Market for Connected Rail?
What is the forecasted size of the Global Market for Connected Rail?
Who are the key companies in the Global Market for Connected Rail?
| Report Attribute | Details |
|---|---|
| No. of Pages | 289 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 103 Billion |
| Forecasted Market Value ( USD | $ 159.8 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- CalAmp Corporation
- Cisco Systems, Inc.
- Hitachi Ltd.
- Huawei Investment & Holding Co., Ltd.
- IBM Corporation
- Nokia Corporation
- Robert Bosch GmbH
- Siemens AG
- Sierra Wireless, Inc.
- Tech Mahindra Ltd.
- Trimble, Inc.
- Wabtec Corporation
