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Digital Railway Market Share

Report ID: GMI10803
Published Date: Aug 2024
Report Format: PDF

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Digital Railway Market Share

Hitachi Rail, Alstom, and Siemens Mobility held a significant market share of over 13% in 2023. Hitachi Rail enhances railway efficiency by focusing on digital signalling systems, such as ETCS and CBTC. They leverage IoT and AI for predictive maintenance and data analytics. Additionally, their strategy includes integrating cloud-based solutions to ensure seamless operations across rail networks.

Alstom develops digital solutions such as integrated control centers and advanced signalling technology. They focus on cybersecurity, predictive maintenance, and using digital twins to optimize railway operations. Alstom partners with tech companies to co-develop innovative solutions.

Siemens Mobility prioritizes the integration of IoT and AI to enhance digital rail operations. Their strategy includes automated train operations, digital signaling, and intelligent traffic management systems. The company is expanding their Railigent platform, which offers predictive maintenance and real-time data analytics for rail networks.

Digital Railway Market Companies

Major players operating in the digital railway industry are:

Hitachi Rail
Alstom
Siemens Mobility
Thales Group
Huawei Technologies
IBM
Cisco Systems
ABB
Nokia Corporation
Trimble Inc.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of digital railway reached USD 64.5 billion in 2023 and is set to grow at over 9.4% CAGR between 2024 and 2032, led by the technological advancements in AI, IoT, and advanced connectivity.

The solutions segment accounted for over 65% share in 2023 and is expected to exceed USD 93.1 billion by 2032, due to the critical need for comprehensive digital transformation in railway operations.

Europe market accounted for over 37% share in 2023 and is expected to exceed USD 52.7 billion by 2032, backed by substantial investments in modernizing rail infrastructure and government initiatives.

Hitachi Rail, Alstom, Siemens Mobility, Thales Group, Huawei Technologies, IB, Cisco Systems, ABB, Nokia Corporation, and Trimble Inc. ?