Digital Railway Global Market Report 2023 – By Services (Managed Services, Professional Services), By Solutions (Remote Monitoring, Route Optimization And Scheduling, Analytics, Network management, Predictive maintenance, Security, Other Solutions (includes digital Railway, content management for infotainment, and preventive maintenance), By Deployment Model (On Premises, Cloud), By Application (Rail Operations Management, Passenger Information System, Asset Management, Other Applications (Other applications include connectivity and communication)) – Market Size, Trends, And Global Forecast 2023-2032

Freight and logistics refer to the process of planning and executing efficient transportation and storage of goods from the point of origin to the point of consumption. This helps to meet customer requirements in a timely and cost-effective manner. These services are used for the transport of goods and commodities from one place to another by means of rail, truck, road, and big vessels. The main types of freight and logistics include airways, railways, roadways, and waterways. Airways refer to the transportation and management of goods through an air carrier. The different functions include freight forwarding, warehousing, value-added services, and others. It is employed in manufacturing and automotive, oil and gas, mining, and quarrying, agriculture, fishing, and forestry, construction, distributive trade, and other end users. The global freight and logistics market is segmented – 1) By Type: Airways, Railways, Roadways, Waterways 2) By Function: Freight Forwarding, Warehousing, Value-added Services, Other Functions 3) By End User: Manufacturing And Automotive, Oil And Gas, Mining, And Quarrying, Agriculture, Fishing, And Forestry, Construction, Distributive Trade, Other End Users The global freight and logistics market size will grow from $15.65 billion in 2022 to $16.52 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of freight and logistics market is expected to grow to $19.2 billion in 2027 at a CAGR of 3.8%. The increasing global trade activities are expected to propel the growth of the freight and logistics market going forward. Global trade activities refer to the import and export of goods and services across international boundaries. Freight and logistics services are used to transport goods internationally through different modes of transport. An increase in global trade activities has led to an increase in the volume of transporting goods to different countries through different means of transportation. For instance, according to United Nations Conference on Trade and Development, a Switzerland-based, United Nations organization, for the year 2021, exports of developing countries increased to 30% higher in the fourth quarter of 2021, and global trade reached a record level of USD 28.5 trillion in 2021. Also, China is contributing the highest, 15% of all world exports. Therefore, the increasing global trade activities in emerging economies are driving the growth of the freight and logistics market. Major players in the freight and logistics market are XPO Logistics, United Parcel Service (UPS), DHL, J.B Hunt Transport Services, C.H. Robinson, DSV A/S, FedEx, Nippon Express, Ceva Logistics, DB Schenker, Maersk, Deutsche Post AG, Lineage Logistics, and Ryder, Geodis. Technological advancement is the key trend gaining popularity in the freight and logistics market. Major companies operating in the market are focused on technological advancement to sustain their position in the market. For instance, in 2020, Deutsche Post DHL Group (DPDHL), a Germany-based freight and logistics company, launched its DHL SmarTrucking solution to accelerate the development of AI-based technology-enabled logistics solutions. By Using AI technology, shipped items and goods can be tracked to their exact location. This technology helps to reduce nearly 50% transit time compared to the traditional trucking industry. In June 2021, Worldwide Express LLC, a US-based logistics provider merged with GlobalTranz Enterprises, for an undisclosed amount. Through this merger, these merged companies offer services in parcel delivery that includes the less-than-truckload and full truckload and manage transportation through the use of business intelligence, data assets, and the latest technology. The merger helps to gain a better market presence and helps Worldwide Express serve a larger number of customers. GlobalTranz Enterprises is a US-based full-service logistics provider. Asia-Pacific was the largest region in the freight and logistics market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the freight and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the freight and logistics market report is Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The freight and logistics market includes revenues earned by entities by overseeing and managing the delivery of goods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The freight and logistics market research report is one of a series of new reports from The Business Research Company that provides freight and logistics market statistics, including freight and logistics industry global market size, regional shares, competitors with a freight and logistics market share, detailed freight and logistics market segments, market trends and opportunities, and any further data you may need to thrive in the Freight and logistics industry. This freight and logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Bearings refer to a machine component that consists of rolling elements that minimize friction, carry weights, and direct the movement and position of moving machine parts. Bearing is used in a variety of industries to decrease friction between moving elements by supporting the relative motion. The main types of bearings include unmounted and mounted bearings. Unmounted bearings refer to bearings that have cylindrical, typically pressed onto a shaft or tapered bore to mount to a drive shaft with an adapter sleeve or onto a tapered shaft, and are suggested in a range of types and styles. The materials used in the manufacturing of bearings include metal, plastic, and ceramics. The applications of bearings market include automotive, agriculture, electrical, mining and construction, railway and aerospace, automotive aftermarket, and other applications and they are distributed through online and offline distribution channels. The global bearings market is segmented - 1) By Bearing Type: Unmounted Bearing, Mounted Bearing 2) By Material: Metal, Plastic, Ceramics 3) By Application: Automotive, Agriculture, Electrical, Mining and construction, Railway and Aerospace, Automotive Aftermarket, Other Applications 4) By Distribution Channel: Online, Offline The global bearings market size grew from $116.69 billion in 2022 to $127.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the bearings is expected to grow to $176.67 billion in 2027 at a CAGR of 8.6%. An increase in demand for electric vehicles is expected to propel the growth of the bearings market going forward. An electric vehicle (EV) is a motor vehicle that is propelled by an electric motor rather than an internal-combustion engine, which generates energy by burning a mixture of gasoline and gases. The high speed of electric motors in EV and HEV powertrains necessitates the use of specialized bearings. For instance, according to the annual Global Electric Vehicle Outlook 2022, an annual report published by the International Energy Agency (IEA), an intergovernmental organization, the sales of electric cars including fully electric and plug-in hybrids were doubled in 2021 to reach a new record of 6.6 million. In 2021, electric car sales nearly tripled to 3.3 million in China, accounting for about half of the global total. Therefore, an increase in demand for electric vehicles is expected to boost demand for bearings market during the forecast period. Major players in the bearings market are Harbin Bearing Manufacturing Co. Ltd., HKT Bearings Ltd., Igus, JTEKT Corporation, MinebeaMitsumi Inc., Nachi-Fujikoshi Corp, NSK Ltd., NTN Corporation, RBC Bearings Inc., Rexnord Corporation, Schaeffler AG, SKF Group, Saint-Gobain, Oiles Corporation, Rubix Group International Limited, SNL Bearings Limited, and Tenneco Inc. Technological advancement is a key trend gaining popularity in the bearings market. Manufacturers are focused on the use of customized bearings to fulfill their shifting needs as new technologies and digitalization become more widely adopted. For instance, in June 2020, AB SKF, a Sweden-based bearing, and seal manufacturing company, developed an SKF bearing assist app that simplifies the task of mounting and replacing bearings. The app contains product information, including bearing a designation, bearing type and suffix descriptions, dimensions, and illustrations. This minimizes installation costs and time while also eliminating the inconvenience of improper mounting, extending the bearings’ service life. In December 2020, The Timken Company, a US-based global manufacturer of bearings and power transmission products, acquired Aurora Bearing Company for an undisclosed amount. With this acquisition, The Timken Co. aims to increase its product breadth, which will help them serve the bearing space more completely. Aurora Bearing Company is a US-based company that provides spherical plain bearings and rod ends to the off-highway equipment, aerospace and defense, and racing manufacturing industries. Asia-Pacific was the largest region in the bearings market in 2022. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the bearings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the bearings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The bearings market consists of sales of bearing unmounted bearings, such as steel ball bearings, and stainless-steel ball bearings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The bearings market research report is one of a series of new reports from The Business Research Company that provides bearings market statistics, including bearings industry global market size, regional shares, competitors with a bearings market share, detailed bearings market segments, market trends, and opportunities, and any further data you may need to thrive in the bearings industry. This bearings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An electric vehicle traction motor refers to the motor that turns the wheels of a vehicle. Some vehicles use motor generators for both driving and regeneration. It is used for converting electrical energy to mechanical energy in a method that propels the vehicle beyond aerodynamic drag, rolling resistance drag, and kinetic resistance is the motor that powers the vehicle's wheels. The main motor types of electric vehicle traction motors are permanent-magnet synchronous EV traction motors (PSM) and asynchronous EV traction motors (ASM). Permanent magnet synchronous EV traction motors have the ability to deliver excellent torque-to-current ratios, power-to-weight ratios, efficiency, and robustness. PSMs are widely employed in modern variable speed AC drives. The voltage ratings of electric vehicle traction motors include high voltage EV traction motors and low voltage EV traction motors. The vehicle types that adopt electric vehicle traction motor include electric vehicles, plug-in hybrid electric vehicles, mild hybrid vehicles, and full hybrid vehicles. The various applications of electric vehicle traction motors include railways, electric vehicles, and other applications. The global electric vehicle traction motor market is segmented - 1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PSM), Asynchronous EV Traction Motors (ASM) 2) By Voltage Ratings: High Voltage EV Traction Motors, Low Voltage EV Traction Motors 3) By Vehicle Type: Electric Vehicles, Plug-in Hybrid Electric Vehicles, Mild Hybrid Vehicles, Full Hybrid Vehicles 4) By Application: Railways, Electric Vehicle, Other Applications The global electric vehicle traction motor market size grew from $248.05 billion in 2022 to $316.19 billion in 2023 at a compound annual growth rate (CAGR) of 27.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The electric vehicle traction motor market size is expected to grow to $793.69 billion in 2027 at a CAGR of 25.9%. Increased sales of hybrid electric vehicles is expected to propel the growth of the electric vehicle traction motor market. A hybrid electric vehicle is a hybrid vehicle that combines an internal combustion engine and an electric propulsion system. The rapid growth in sales of hybrod electric vehicles is expcted to boost utilization of traction motors, as they are essential components in hybrid and electric vehicles. For instance, in February 2022, according to U.S. electric vehicle market, 59,664 hybrid vehicles were sold (up 10.2% from February 2021), with 15,763 cars and 43,801 being light trucks. In February, Toyota had a 63.7% share of total hybrid sales. Prius (Prius and Prius C combined) sold 3.9% of hybrid vehicles. Therefore, the growing sales of hybrid electric vehicles is expected to boost demand for electric vehicle traction motor marketduring the forecast period. Major players in the electric vehicle traction motor market are AB SKF, ABB Ltd., Avid Technology Limited, Hitachi Automotive Systems, Ltd., Nidec Corporation, Parker-Hannifin Corporation, Robert Bosch GmbH, Valeo SA, ZF TRW Automotive Holdings Corporation, Zytek Group Limited, Copper Rotor Induction Motor, RETORQ Motors Ltd., SERVAX, Equipmake Ltd., and Bharat Heavy Electricals Ltd. Technological advancement is a key trend gaining popularity in the electric vehicle traction motor market. Many companies operating in electric vehicle traction motor are developing new products or new technologies to strengthen their position in electric vehicle traction motor market. For instance, in August 2021, Nidec developed E-Axle, an EV traction motor system that incorporates three components: a motor, an inverter, and a reducer, and may be mounted in a vehicle, doing everything from generating rotating torque from the drive shaft attached to the tires to move the vehicle when powered by electricity. To achieve high productivity and wire-winding performance, Nidec implemented a new cassette inserter method. In addition, Nidec's E-Axle was given a new cooling mechanism. In June 2021, Turntide Technologies, a US-based company that makes intelligent, sustainable motor systems, acquired AVID Technology Limited for an undisclosed amount. This acquisition aids Turntide's efforts to decarbonize the transportation industry by providing a high-performance alternative to the usage of rare earth magnets in electric vehicles. AVID Technology Limited is UK-based producer and manufactures of electrified powertrain component, traction motors and systems. Asia-Pacific was the largest region in the electric vehicle traction motor market in 2022. North America is expected to be the fastest-growing region in the electric vehicle traction motor market during the forecast period. The regions covered in the electric vehicle traction motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric vehicle traction motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The electric vehicle traction motor market consists of sales of DC motors, brushless DC motors, permanent magnet synchronous motors, three-phase induction motors, and switched reluctance motors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric vehicle traction motor market research report is one of a series of new reports from The Business Research Company that provides electric vehicle traction motor market statistics, including electric vehicle traction motors industry global market size, regional shares, competitors with a electric vehicle traction motor market share, detailed electric vehicle traction motor market segments, market trends and opportunities, and any further data you may need to thrive in the electric vehicle traction motors industry. This electric vehicle traction motor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A transportation management system (TMS) is a platform for streamlining the transportation process, which is a part of the supply chain. It involves the organizing, monitoring, managing, and handling of any functions related to the transportation of products from placing the order to the final delivery. The main components of transportation management systems are solutions and services. Solutions refer to those that are used for assisting in the optimization of the overall supply chain process, resulting in increased profit margins and growth in the transportation industry. These can be deployed through on-premise and cloud. These systems are used in modes of transportation such as roadways, railways, waterways, and airways and by industry verticals that include retail, healthcare and pharmaceuticals, manufacturing, energy and utilities, the government sector, and other industry verticals. The global transportation management systems market is segmented – 1) By Component: Solution, Services 2) By Deployment: On-premise, Cloud 3) By Mode of Transportation: Roadways, Railways, Waterways, Airways 4) By Industry Vertical: Retail, Healthcare and Pharmaceutical, Manufacturing, Energy and Utilities, Government Sector, Other Industry Verticals The global transportation management systems market size will grow from $9.43 billion in 2022 to $10.85 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of transportation management systems is expected to grow to $18.47 billion in 2027 at a CAGR of 14.2%. The demand for efficient transportation solutions is expected to propel the growth of the transportation management systems market going forward. Efficient transportation solutions refer to alternatives to single-occupancy vehicles that include improved transportation options and make streets safer for drivers, pedestrians, cyclists, and transit users. Demand for efficient transportation solutions compels the transport management systems market to come up with better solutions and services for their customers. For instance, according to the National Vehicle Licensing Statistics, in 2021, there were 2.3 million vehicles registered for the first time in 2021 in the UK, up 5% compared to 2020, indicating an improvement in the public's accessibility to transportation options and thereby increasing the demand for efficiency of the transportation solutions. With an annual global production of over 79.1 million vehicles in 2021, an increase of 1.3% compared to 2020, the auto industry is expanding quickly. Therefore, the demand for efficient transportation solutions is driving the transportation management systems market. Major players in the transportation management systems market are 3GTMS, Oracle Corporation, Manhattan Associates, C.H. Robinson, The Descartes Systems Group Inc., Trimble Transportation Enterprise Solutions Inc., Alpega Group, MercuryGate International Inc., SAP SE, Blue Yonder, Infor, International Business Machines Corporation, Cerasis Inc., Transplace, and Revenova TMS. Technological advancements in the transportation and logistics industry are the key trend gaining popularity in the transport management systems market. Major companies operating in the transport management systems market are coming up with new technologies to sustain their position in the transport management systems market. For instance, in February 2022, MercuryGate International Inc., a US-based provider of transportation management system software solutions, launched its new product map with key delivery and intelligence features. This new platform includes embedded analytics, artificial intelligence, and machine learning and has a new graphical user interface that has remediating capabilities from the TMS control tower. MercuryGate customers can meet local, national, and international supply chain requirements by utilizing smart transportation features to get information regarding all shipment data. In September 2021, E2open Parent Holdings, Inc., a US-based network-based provider of cloud-based, mission-critical, end-to-end supply chain management platforms acquired BluJay Solutions for a deal amount of $770 million. BluJay's acquisition significantly boosts E2open's supply chain execution capabilities, particularly in transportation management and logistics and acquires new clients, and strengthens their global reach. Bluejay Solutions is a software company that provides solutions for supply chain management and transportation management. North America was the largest region in the transportation management system market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in transportation management system market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the transportation management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The transportation management system market includes revenues earned by entities by providing services such as businesses plan, execution and optimization of the physical movement of goods, and proper documentation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The transportation management systems market research report is one of a series of new reports from The Business Research Company that provides transportation management systems market statistics, including transportation management systems industry, regional shares, competitors with a transportation management systems market share, detailed transportation management systems market segments, market trends and opportunities, and any further data you may need to thrive in the transportation management systems industry. This transportation management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The passenger information system is an automated system used in public transport terminals to analyze delays and disturbances and anticipate arrival and departure timings. Passenger information systems are crucial to improving customer satisfaction, reducing complaints, increasing service usage, and improving planning. The main components of passenger information systems are hardware, software, and services. Hardware refers to the physical parts of a computer and related devices. The location is on board and in the stations. The transportation modes are railways, roadways, airways, and waterways. The functional mode is multimedia displays, audio systems, computing systems, networking and communication devices, video surveillance, content management systems, and other functional models. The global passenger information system market is segmented - 1) By Component: Hardware, Software, Service 2) By Location: On Board, In Station 3) By Transportation Mode: Railways, Roadways, Airways And Waterways 4) By Functional Mode: Multimedia Displays, Audio Systems, Computing Systems, Networking And Communication Devices, Video Surveillance, Content Management System, Other Functional Modes The global passenger information system market size will grow from $23.27 billion in 2022 to $25.97 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The passenger information system market size is expected to grow to $39.83 billion in 2027 at a CAGR of 11.3%. The growing number of travelers and passengers is expected to propel the growth of the passenger information system market going forward. The passenger information system provides real-time updates on the status of public transportation and other information that passengers and travelers would use to have a safer and more enjoyable commute. For instance, according to a report by the International Air Transport Association, a Canada-based trade association of the world's airlines, revenue passenger kilometers, or RPKs, which measure total traffic, increased by 76.0% and domestic traffic increased by 11.7% in March 2022 compared to March 2021. Therefore, the growing number of travelers and passengers is driving the growth of the passenger information system market. Technological innovation is a key trend gaining popularity in the passenger information systems market. Major companies operating in the passenger information system market are focused on developing new technological solutions to strengthen their position. For instance, in January 2020, Samsung Electronics, a South Korea-based company operating in passenger information systems, introduced Digital Cockpit 2020, which utilizes 5G to link features inside and outside the vehicle and provide connected experiences for drivers and passengers alike. The Digital Cockpit 2020 is the third co-development between Samsung Electronics and HARMAN International and would combine Samsung’s telecommunications technologies, semiconductors, and displays with HARMAN’s automotive expertise. The solution would enable seamless two-way connections between the home, the office, and all the other spaces that users will visit while providing personalized experiences and in-car infotainment. In September 2021, R2P, a Germany-based transportation technology designer and developer, acquired T.G. Baker Americas Inc., for an undisclosed amount. This acquisition is expected to provide R2P with a strong foothold in North America and improve its customer base. T.G. Baker Americas Inc., is a Canada-based company operating in passenger information systems. North America was the largest region in the passenger information system market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the passenger information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the passenger information system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The passenger information systems market consists of revenues earned by entities by providing prerecorded announcement and interactive voice response system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The passenger information system market research report is one of a series of new reports from The Business Research Company that provides passenger information system market statistics, including passenger information system industry global market size, regional shares, competitors with a passenger information system market share, detailed passenger information system market segments, market trends and opportunities, and any further data you may need to thrive in the passenger information system industry. This passenger information system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A train is made up of a group of connected vehicles on wheels that are pulled by an engine along a track. Trains transport both people and cargo between locations. The train components refer to any locomotive, engine, tender, railroad car, passenger car, freight car, or other railroad rolling stock. The main types in the train and components market are parts and accessories for railway vehicles, locomotives, wagons, and other rolling stock. A locomotive consists of several diesel-electric locomotives coupled together to offer power to a train, as it is called, consisting of locomotives. Light rail, bullet trains, and high-speed rail are examples of train types. These are used for passengers and freight. The global train and components market is segmented - 1) By Type: Parts & Accessories For Railway Vehicles, Locomotives, Wagons, & Other Rolling Stock 2) By Train Type: Metro, Light Rail, Bullet Train/HSR 3) By Application: Passenger, Freight Subsegments Covered: Train Motors, Train Wheels, Train Doors, Train Bogies, Train Brake System, Other Parts & Accessories For Railway Vehicles The global train and components market size grew from $205.07 billion in 2022 to $222.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The train and components market is expected to grow to $292.87 billion in 2027 at a CAGR of 7.2%. Economic growth and a rapidly growing urban population are expected to increase the demand for new trains and components manufactured during the forecast period. Urbanization increases the demand for luxurious items among the population. Globally, approximately 60% of urban settlements remained unbuilt. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines, which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost the growth of the train and component manufacturing markets. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the train and component manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak is expected to continue to harm businesses throughout 2020 and into 2021. However, it is expected that the train and components manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Locomotive parts manufacturers are using nose suspension drivers as they reduce the shock loads due to tensile coupling between the motor shaft and axle. A nose suspension drive is a mechanism used in electric railcars that supports half of the weight of the traction motor by a wheel axle made of metal and the rest by a bogie frame. The electric motor, when integrated with a nose-mounted traction motor, reduces the shock and vibrations caused by irregularities in the track. For instance, some of the major companies manufacturing these systems include WINDHOFF Bahn-und Anlagentechnik GmbH, Afcons Infrastructure Ltd., and Balfour Beatty Rail Ltd. Major companies in the train and components market include CRRC Co Ltd., Siemens AG, Wabtec Corporation, Alstom SA, Hyundai Motor Co Ltd., Hitachi Ltd., Knorr-Bremse AG, Stadler Rail AG, China Railway Signal & Communication Corporation Limited, and Construcciones y Auxiliar de Ferrocarril. Western Europe was the largest region in the train and components market in 2022. Asia-Pacific was the second largest market in train and components market. The regions covered in the train and components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the train and components market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India; Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The train and components market consists of sales of train motors, train wheels, train doors, train bogies, and train brake system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The train and components market research report is one of a series of new reports from The Business Research Company that provides train and components market statistics, including train and components industry, global train and components market size, regional shares, competitors with a train and components market share, detailed train and components market segments, train and components market trends and opportunities, and any further data you may need to thrive in the train and components industry. This train and components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Autonomous train are trains that have an automatic train protection (ATP) system enabled, which helps the train automatically stop at signals with speed control. The main train types in the autonomous train market are suburban trains, trams, monorails, subways, and long-distance trains. A tram is an electric vehicle that transports people, mainly in cities, along metal tracks. The technologies involved are automatic train control (ATC), communication-based train control (CBC), the European Railway Traffic Management System (TERMS), and positive train control (PTC). The grades of automation involved are GOA1, GOA2, GOA3, and GOA4. The applications involved are passenger trains, freight, and mining. The global autonomous trains market is segmented - 1) By Train Type: Suburban Trains, Tram, Monorail, Subway/Metro, Long Distance Trains 2) By Technology: Automatic Train Control (ATC), Communication-Based Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC) 3) By Grade of Automation: GOA1, GOA2, GOA3, GOA4 4) By Application: Passenger Train, Freight, Mining The global autonomous trains market size will grow from $9.08 billion in 2022 to $9.79 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the autonomous trains is expected to grow to $13.00 billion in 2027 at a CAGR of 7.4%. The increased need for a safe, efficient, cheap, fast, and reliable mode of transportation is contributing to the growth of the global autonomous train market. Rail is the safest mode of land transport and the most attractive to the customer. It is also one of the fastest modes of transport, which moves on high-speed lines that are expected to average up to 300 km/hour. The distance of 1000 km can easily be reached within 5 to 7 hours. It offers much greater flexibility of time, allowing train frequencies to be better matched to demand at peak and off-peak times. This offers a much better service to potential passengers and drives an increase in passenger numbers. When it comes to fares, intra-modal competition among railway operators and competition among railway suppliers will keep fares affordable even in countries with low per capita income. Increased safety and cheaper fares compared to other transport options drove the autonomous train market. Major players in the autonomous trains market are Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG, Thales Group, and Ansaldo. High deployment and operational costs, along with increased security concerns, are expected to limit the growth of the autonomous train market. The capital costs of signalling and control equipment are likely to be associated with maintenance costs, operational costs, and large capital investments. On the other hand, the transfer of data between a train's safety-critical systems, in particular, is a potential target for hackers. ATO (Automatic Train Operation), with its interconnectivity with other systems, has an increased threat, making it potentially vulnerable to cyber-attack. As it transfers high resolution, real-time train determination information between the wayside, the train, and the control center, it is essential to ensure this vital data remains secure. LiDAR and artificial intelligence are increasingly being used in autonomous trains to improve the performance of the trains. The LIDAR (Light Detection and Ranging) system measures the speed of moving trains and captures irregularities in the track, evaluating the rail track quality. It uses two pairs of lenses to capture speed signals from both rails individually. The track speed, curvature, and lateral and vertical geometry variations on each side are determined. Artificial Intelligence (AI) is expected to improve the performance of automated metro lines by enabling predictive maintenance, which helps to reduce incidents and assist operators to recover from incidents more quickly. Controlling the control centre with visual and voice interactions during an incident is a time-consuming process. AI also helps to reduce these interactions and allows traffic controllers to focus on the core problem. In February 2020, Alstom, a France-based manufacturing company, acquired Bombardier Inc. for $7.02 billion to $7.50 billion. The acquisition of Bombardier Transportation is a one-time opportunity coming at the right moment for Alstom. It has significantly strengthened its operational and financial profile over the past 4 years to accelerate its strategic roadmap and add to Alstom's complementary commercial and industrial platforms. Bombardier Inc. is a Canada-based train transport company. Western Europe was the largest region in the autonomous trains market in 2022. Asia-Pacific was the second largest region in the global autonomous trains market share. The regions covered in the global autonomous trains market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous trains market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The autonomous trains market consists of sales of light trains, rapid transit trains, commuter trains, intercity trains, and high speed trains. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The autonomous train market research report is one of a series of new reports from The Business Research Company that provides autonomous train market statistics, including global market size, regional shares, competitors with an autonomous train market share, detailed autonomous train market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous train industry. This autonomous train market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The railway management system refers to tools and services that help better manage the rail industry. Railway management system implements information technology for improvement in efficiency, traffic planning, operation management, monitoring, decision-making, maintenance and support, and better management of railways. The main types of offerings in railway management systems are services and solutions. The railway management system services include system integration, consulting, deployment, support, and maintenance. The different components include rail operations management system, rail traffic management system, rail asset management system, rail control system, rail maintenance management system, passenger information system (PIS), rail security and involves various organization sizes such as small and medium enterprises (SMEs), large enterprise. It is deployed in several modes, including on-premise and cloud-based. The global railway management system market is segmented – 1) By Offerings: Solutions, Services 2) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprise 3) By Deployment Model: On-Premise, Cloud Based 4) By Component: Rail Operations Management System, Rail Traffic Management System, Rail Asset Management System, Rail Control System, Rail Maintenance Management System, Passenger Information System (PIS), Rail Security The global railway management system market size will grow from $38.78 billion in 2022 to $44.3 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of railway management system market is expected to grow to $65.13 billion in 2027 at a CAGR of 10.1%. Digitization and automation technologies are contributing to the growth of the railway management systems market. The railway system is complex for operations due to the involvement of a wide range of organizations, humans, and technical solutions. As a result, computerized systems are required to manage and regulate such complex environments to improve safety and speed up train movement in the congested railway network. For instance, in September 2020, Delhi Metro launched first made-in-India automatic train supervision signaling system for metro rails. Therefore, digitization and automation technologies are projected to propel the growth of the railway management system market. Major players in the railway management system market are Indra Sistemas, Ansaldo STS, Alstom, Hitachi Ltd., ABB Ltd., IBM Corporation, Siemens AG, GE Transportation, Cisco, Huawei Technologies Co. Ltd., Amadeus, Alcatel-Lucent, DXC Technology, and Eurotech. Strategic partnerships and collaborations have emerged as a key trend in the railway management systems market. Key players operating in the railway management systems sector are focused on partnerships and collaborations to extend their growth into new areas. For instance, in October 2020, Hitachi Rail STS, a US-based company, announced a partnership with BART (Bay Area Rapid Transit) for a $798 million contract to design Communications-Based Train Control (CBTC), the latest technology for digitally controlling trains with increased capacity and improved service. Also, in January 2020, Siemens, a Germany-based automation company, announced a partnership with Advanced Rail Management Corporation (Arm), a US-based railroad company, to aid the automotive supply chain with design, advanced driver assistance, in-vehicle infotainment, and verification difficulties. In January 2021, Alstom, a France-based company providing digital, traffic management, and electrification infrastructure, acquired Bombardier Transportation for an undisclosed amount. Through this acquisition, Alstom will improve its position in the burgeoning mobility sector by achieving critical mass across all geographies and integrating additional solutions and assets to better serve its clients globally. Bombardier Transportation is a Germany-based company that provides rail management systems for operations and maintenance, component repair, and service solutions. Asia-Pacific was the largest region in the railway management system market in 2022. The regions covered in the railway management system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the railway management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The railway management system market includes revenues earned by entities by facility management, revenue management, workforce management, rail automation management and rail traffic management system. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The railway management system market research report is one of a series of new reports from The Business Research Company that provides railway management system market statistics, including railway management system industry global market size, regional shares, competitors with railway management system market shares, detailed railway management system market segments, market trends and opportunities, and any further data you may need to thrive in the railway management system industry. This railway management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.