The Railway Telematics Market is estimated to be USD 5.1 billion in 2021 and is projected to grow at a CAGR of 7.5% during the forecast period, to reach USD 7.3 billion by 2026.
Various countries have realized that the development of railway infrastructure is one of the important factors driving economic development. Therefore, a number of countries and OEMs are investing significantly in railway infrastructure. For instance, Commande Centralisee de Reseau of France and Digitaler Bedienplats of Germany announced plans in 2020 to digitalize their interlocking systems by 2033 and 2035 respectively. Also, in May 2021, UAE’s national railway network, Etihad Rail signed an agreement with Transporter, a digital freight service provider, to digitalize Ethihad’s railway fleet as part of UAE’s digitalization agenda. Countries are adopting various technologies in their transportation infrastructure and are focusing on R&D and innovations in rail infrastructure technology to address future mobility challenges.
The report analyzes all major players in the railway telematics market including Hitachi Ltd. (Japan), Siemens (Germany), Bosch (Germany), Knorr-Bremse (Germany), and Alstom (France).
The North American region is projected to dominate the railway telematics market. This can be attributed to the government regulations and standard measures toward safety and security. The market is estimated to account for the largest market share, by value, of 35.4% in 2021.
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The railcar tracking & tracing solution is projected to lead the market during the forecast period. The segment is driven by the demand for freight wagon operations and maintenance. Railcar operators need to monitor the progress of transport using intermodal systems, complying with safety and maintenance regulations, and ensuring that wagons are reliable and available and are able to meet the high personnel costs. If control and implementation are insufficient, productivity may decrease, further aggravating cost pressures. To increase the economic efficiency of individual processes, the railcar tracking & tracing solution is adopted in the industry.
The fleet management segment is projected to grow at the highest CAGR. This can be attributed to the growth in trade, leading to the high demand for the services of rail freight companies, especially in the areas of energy and commodities, driving the adoption of large numbers of fleets.
Acquiring, transmitting, and using digital information enables the optimization of a broad range of individual processes in rail transport while also providing insights into the way the entire transport process operates so as to comprehensively control it, driving the growth of the market.
Hopper railcars account for a major share of the market. Due to the new GSM and GPS modules, a significant cost reduction could be achieved. Interfaces for complementing sensors such as shock detection, digital/analogue inputs/outputs, etc. are integrated. In addition, based on the analysis of user requirements, the development of a reliable load sensing technology for freight cars has been launched. This is a result of the fact that today most of the freight cars in operation in the railways do not use the full load capacity as a cost-effective measurement of the load does not exist, especially during the filling-up process such as in the area of bulk freight. These advanced solutions are expected to support the growth of the rail telematics market
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The telematics control unit provides solutions for two-way tracking and control of railcars. The TCU provides complete and integrated fleet monitoring solutions for transportation and logistics, enabling the real-time visibility and control of transport assets as they move across the supply chain. The introduction of advanced TCUs is offering improved operational efficiency, increased profitability, predictive maintenance, and safety. These advantages are leading to the growth of the TCU railway telematics market which is dominating and also growing at the higher CAGR. Due to the adoption of telematics technologies by railcar lease operators for rail logistics, the demand for TCUs and sensors is expected to increase significantly, leading to the growth of the railway telematics component market.
Recent Developments:
- In April 2021, Hitachi Rail announced the acquisition of the UK’s Perpetuum for enhancing the company’s digital rail maintenance activity. The company is expected to handle the maintenance for all rail original equipment manufacturers and operators across the global rail market.
- In November 2019, Alstom and Mumbai Metro Rail Corporation (MMRC) unveiled the life-sized mock-up of the trainset for Mumbai Metro Line 3 (Aqua Line). The new, iconic, and exclusive design for Mumbai meets all technical and manufacturing parameters.
- In September 2019, Wabtec launched two new offerings designed to modernize its globally installed 23,000 locomotives. Wabtec has developed FDL Advantage, which is a fuel-saving engine upgrade package for its FDL locomotive platform. Another offering is the Modular Control Architecture – Fleet Migration (MCA FM), a next-generation control system replacement that is applicable throughout Wabtec’s locomotive installed base. Both solutions introduce next-generation data and software capabilities to position railroads for the future of transportation with improved fuel efficiency and reliability.
- In February 2021, Trinity Rail Group launched Trinsight, which is a digital platform for providing real-time solutions such as the location, condition, and status of the rail equipment. The purpose of this platform is to enhance the safety, efficiency, and management of fleet operations.
- In December 2020, ORBCOMM launched ST 9100, which is a dual-mode telematics device targeted for monitoring and controlling assets in the most remote areas.
- In July 2020, DB Cargo headed a consortium with five European companies for the development of automatic rail coupling. The German Federal Ministry of Transport and Digital Infrastructure awarded this project to six companies from Germany, Austria, Switzerland, and France.
- In March 2021, Siemens announced the full digitalization of Finnentrop interlocking in the state of North-Rhine Westphalia. The company declared that 404 interlocking units are expected to be replaced, which include signal, switch point, and derailers. 15 level crossings are also expected to be equipped with digital interfaces and four of them are expected to receive new safety systems.
- In October 2020, Robert Bosch announced the signing of a supply contract with Lineas for the digitalization of Linea’s wagon fleet. 2,600 wagons are expected to be installed with Bosch’s Nexeed Track and Trace software as part of the material and asset tracking for the optimization of Linea’s fleet.
