The global rail system market is expected to grow at a CAGR of 4.2%, from USD 25.1 billion in 2022 to USD 30.9 billion by 2027

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High-speed trains are high-end trains equipped with advanced features and connectivity solutions such as advanced electronic train control systems, CCTV, passenger information display and network video recorders.

New York, Sept. 29, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Railway System Market by System Type, Transit Type, Application and Region – Global Forecast to 2027” – https:/ /www.reportlinker.com/p05767333/?utm_source=GNW
The adoption of these systems in high-speed trains will drive the rail systems market. Thus, the development of the high-speed rail network in emerging countries, as well as in developed countries, provides an opportunity for the growth of the rail system market.
The global rail market has grown significantly over the past decade. Globally, the railway industry has experienced gradual growth in recent years.

Several countries in Europe, Asia-Pacific and the Middle East have launched high-speed rail projects to encourage rapid transit. Government authorities in countries like France, Germany, China, India and Saudi Arabia are pushing for the growth of rail infrastructure to ease the growing pressure on current transportation. This development of the railway market and railway infrastructure will directly promote the growth of the railway system market

Europe is expected to be the largest market in the railway system for transporting passenger trains during the forecast period.
Most European rails are equipped with high-end technologies which include wireless radio connection, wireless data transmission, eco-friendly cars and comfort features. However, the adoption of high-end technologies is lower in Eastern Europe compared to Western European countries such as UK, Germany, France, and Spain.

This offers railway system providers the opportunity to increase their presence in Eastern Europe. EU Railway’s goal is to build 31,000 km of high-speed railways by 2030.

Furthermore, projects such as the European Railway Research Advisory Council (ERRAC), FP7, Horizon 2020 and SHIFT2RAIL projects will drive the growth of the European railway system market.

The train information system is expected to grow at a significant rate over the forecast year.
Train Information System (TIS) is a communication system used to provide information to passengers and allows two-way communication between passengers and operators. It is an electronically controlled device that provides visual and acoustic route information, which is operated automatically and programmed manually.

TIS can provide real-time tracking, on-the-go route information, trip planning, real-time arrival prediction systems, online connectivity solution. The on-board resources needed to host a variety of applications, including entertainment, passenger information, and passenger counting, are via edge computing (decentralized data management).

The growing demand for connected and high-speed trains is propelling the demand for train information systems. Moreover, the advent of autonomous trains will act as a catalyst for the growth of the train information system market in the future.

Japan is estimated to hold a major market share in the rail system market over the forecast period.
Japan is a technology leader in the rail system market. The country is continuously investing in the development of innovative technologies in the railway system market.

The Japanese rail system market is mainly driven by Shinkansen (bullet train) trains. These trains are equipped with advanced systems for their operations.

Japanese manufacturers offer one of the best train safety and information systems. For example, Toshiba provides train information control systems that incorporate highly reliable processors and fast transmission technologies.

These systems functionally combine high efficiency rolling stock equipment control, safe operation and adequate passenger notification services. In addition, Toshiba offers integrated systems that communicate between rolling stock and the ground to provide operation and maintenance information.
The study contains insights from various industry experts ranging from component suppliers to Tier I companies and OEMs. The distribution of the primaries is as follows:
• By business type: Tier I: 27%, Tier II: 27%, OEM: 46%
• By designation: level C: 32%, level D: 38%, other: 30%
• By region: Asia-Pacific: 50%, Europe: 27%, North America: 15%, Rest of the world: 8%

The key players profiled in the report are:
• CRRC (China)
• Alstom (France)
• ABB (Switzerland)
• Siemens (Germany)
• Thermo King (USA)
• Knorr Bremse (Germany)
• Hyundai Rotem (South Korea)
• Mitsubishi Heavy Industries (Japan)
• Toshiba (Japan)
• Hitachi (South Korea)

Research Coverage:
The report segments the rail system market, by value, on the basis of region (Asia Pacific, Europe, North America, and Rest of the World), application (passenger transportation and freight transportation), type system (auxiliary power system, HVAC, propulsion system, on-board vehicle control, train information system, train safety system) and transit type (conventional and rapid). The report contains different levels of analysis including industry analysis, industry trends and company profiles, which together comprise and discuss basic viewpoints on emerging and high growth segments. Railway System Market growth, high growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.

Reasons to buy the report:
• The report will assist market leaders/new entrants in this market with information on the closest approximations of revenue figures for the overall Rail System market and its sub-segments.
• This report will help stakeholders understand the competitive landscape and acquire more information to better position their businesses and plan appropriate go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them with insights into key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05767333/?utm_source=GNW

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