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Smart Agri-Rail System Market Size

Report ID: GMI11836
Published Date: Oct 2024
Report Format: PDF

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Smart Agri-Rail System Market Size

The global smart agri-rail system market size was valued at USD 3.5 billion in 2023 and is projected to grow at a CAGR of 9.2% between 2024 and 2032. Rising global populations and food security concerns are driving the adoption of smart agri-rail systems. For instance, The Global Report on Food Crises 2024 Mid-Year Update highlights critical trends in acute food insecurity and malnutrition, with numbers rising sharply from 705,000 in 2023 to 1.9 million in 2024 in Catastrophe (IPC Phase 5).

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Moreover, the State of Food Insecurity and Nutrition in the World 2024 report identifies significant obstacles to achieving SDG 2—Zero Hunger. Despite regional progress, global undernourishment remains high, affecting an estimated 713 million to 757 million people in 2023. These systems enhance the efficient transport of agricultural products from farms to processing centers and distribution hubs, minimizing post-harvest losses and ensuring timely delivery. By integrating IoT sensors and real-time tracking, agri-rail systems maintain optimal transit conditions, preserving food quality and extending shelf life.

Smart Agri-Rail System Market Report Attributes
Report Attribute	Details
Base Year:	2023
Smart Agri-Rail System Market Size in 2023:	USD 3.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	9.2%
2032 Value Projection:	USD 7.5 Billion
Historical Data for:	2021 - 2023
No. of Pages:	210
Tables, Charts & Figures:	180
Segments covered:	Component, Technology, Application, Rail, End Use
Growth Drivers:	Growing global concerns over food security Rising rail infrastructure investments Increasing adoption of smart farming practices Rising automation trends
Pitfalls & Challenges:	Technology integration complexities Data management & standardization issues

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This infrastructure is essential for strengthening the food supply chain and boosting agricultural productivity, particularly in regions with rapid population growth or high dependence on food imports. Additionally, as farms adopt digitized, data-driven practices, the need for advanced transportation solutions grows. Smart agri-rail systems, integrated with blockchain-based food supply chain system, enhance coordination between harvesting schedules and logistics.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of smart agri-rail system reached USD 3.5 billion in 2023 and is set to grow at a 9.2% CAGR from 2024 to 2032, driven by rising global populations and food security concerns.

The hardware segment of the smart agri-rail system market is projected to exceed USD 3.5 billion by 2032, led by advancements in sensor technology.

The U.S. market accounted for over 85% of the total revenue in 2023, propelled by the integration of autonomous vehicles for last-mile delivery in key agricultural hubs.

The major players in the industry include Alstom, Cisco, CRRC, DB Cargo, Emerson, Hitachi Rail, Honeywell, Knorr-Bremse, Siemens Mobility, and Wabtec.