Global Electric Powertrain Market

The powertrain and powertrain parts market consist of sales of powertrain and powertrain parts and related services. The powertrain refers to a system that converts power of the engine into vehicle`s movement. The powertrain parts include the engine, transmission, the driveshaft, differentials, and axles among others. The vehicle`s performance and efficiency are defined by its powertrain system and its related parts.

The digital railway is a concept used to increase rail capacity and improve network performance. It is Network Rail’s concept for change in the rail industry by integrating the latest software solutions with the railway infrastructure to meet the increasing demand for passengers effectively and provide safer rail services. The main services of the digital railway are managed services and professional services. Managed services refer to a way to offload general tasks to an expert to reduce costs, improve service quality, or free internal teams to do work that’s specific to their business. The solutions are remote monitoring, route optimization and scheduling, analytics, network management, predictive maintenance, security, and other solutions (including digital railway, content management for infotainment, and preventive maintenance). The deployment models are on-premises and cloud-based. The various applications involved rail operations management, passenger information systems, asset management, and other applications (other applications include connectivity and communication). The digital railway market research report is one of a series of new reports from The Business Research Company that provides digital railway market statistics, including digital railway industry global market size, regional shares, competitors with a digital railway market share, detailed digital railway market segments, market trends and opportunities, and any further data you may need to thrive in the digital railway industry. This digital railway 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 global digital railway market size grew from $47.93 billion in 2022 to $53 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. 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 digital railway market size is expected to grow to $77.2 billion in 2027 at a CAGR of 9.9%. The increase in government initiatives is expected to propel the growth of the digital railway market going forward. Government initiatives refer to an important act or statement that is intended to solve a problem. Governments across various countries are investing in digitalizing and modernising railway operations, such as automating ticket processing, customer service support, preparing maintenance schedules with self-learning algorithms, and managing railway traffic. For instance, in June 2022, according to the Government of the UK, a UK-based public sector information website announced a $1.18 billion investment to replace outdated Victorian infrastructure with cutting-edge digital signalling technology, which will result in fewer delays and more consistent service for millions of passengers. The funding will be used to remove outdated lineside signalling and replace it with the European Train Control System (ETCS), which brings signalling into train drivers’ cabs and offers them real-time, continuous information during their journey. It will reduce carbon emissions by 55,000 tons, which is the equivalent of more than 65,000 one-way flights from London to New York. Therefore, the increase in government initiatives is driving the growth of the digital railway market. Technological advancements are a key trend gaining popularity in the digital railway market. Major companies operating in the digital railway market are focused on developing new technological solutions to strengthen their position. For instance, in March 2021, Thales Group, a France-based company operating in digital railways, launched CBTC (communications-based train control) and real-time passenger density systems. The company is also developing technology that allows trains to track potential obstacles in partnership with Invision AI and Metrolinx. SelTracTM G8 is the eighth-generation CBTC system with distributed intelligent video analytics, which would monitor passenger density in trains and on platforms, and is regarded as the "first-ever digital event that has been dedicated to rail transport with the smart mobility experience." The benefits of this system include flexibility and evolution capabilities that rely on the latest technologies to significantly reduce installation and lifecycle costs while maintaining passenger safety. In August 2021, Hitachi Rail Signaling and Transportation Systems (STS), a Japan-based global provider of rail solutions, acquired Thales' Ground Transportation Systems (GTS) for a deal amount of $1.96 billion. This acquisition helps Hitachi Rail expand the scale of its rail signalling systems business globally, bringing an enhanced turnkey railway offering to new markets around the world and enhancing the availability of its Mobility as a Service (MaaS) to a global clientele. Thales' Ground Transportation Systems is a France-based company operating in digital rail. Major players in the digital railway market are Siemens AG, Cisco Systems Inc., Hitachi Ltd., Wabtec Corporation, Alstom SA, International Business Machines Corporation, ABB, Huawei Technologies Co. Ltd., Thales Group, Fujitsu Limited, DXC Technology, Indra, Nokia Corporation, Atkins, Toshiba Corporation, and Bombardier Inc. Asia-Pacific was the largest region in the digital railway market in 2022. North America was the second-largest region of the digital railway market. The regions covered in this digital railway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the digital railway market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The digital railway market consists of revenues earned by entities by providing route optimization, scheduling, and remote monitoring. 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 chain or as part of other products. The global digital railway market is segmented - 1) By Services: Managed Services, Professional Services 2) 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) 3) By Deployment Model: On-Premises, Cloud 4) By Application: Rail Operations Management, Passenger Information System, Asset Management, Other Applications (Other applications include connectivity and communication)

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 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 market size, regional shares, competitors with a train and components market share, detailed train and components market segments, 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. The global train and components market 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 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

A motor vehicle engine is used to propel a motor vehicle and an arrangement of gears and related components that transfers power from an engine to a driving axle is known as power train. Vehicle engine and engine parts, power train, and power train parts are the three main types of motor vehicle engines, power trains, and parts. The vehicle engine and engine parts refer to the vehicle engine parts that are used in motor vehicles. The various applications include passenger vehicles and commercial vehicles. These are used in the OEM and aftermarket. The motor vehicle engine, power train, & parts market research report is one of a series of new reports from The Business Research Company that provides motor vehicle engine, power train, & parts market statistics, including motor vehicle engine, power train, & parts industry global market size, regional shares, competitors with a motor vehicle engine, power train, & parts market share, detailed motor vehicle engine, power train, & parts market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle engine, power train, & parts industry. This motor vehicle engine, power train, and parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global motor vehicle engine, power train & parts market grew from $787.29 billion in 2022 to $865.65 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. 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 and affecting many markets across the globe. The motor vehicle engine, power train & parts market is expected to grow to $1217.26 billion in 2027 at a CAGR of 8.9%. The motor vehicle engine, power train, and parts market are aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor vehicle engine, power train, and parts markets 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 continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle engine, power train, and parts 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. Motor vehicle parts manufacturers are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention or assistance. IoT helps motor vehicle parts manufacturers increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by automobile parts manufacturers to obtain wear and tear data that can prevent equipment failures. For instance, German car parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machinery, tools, and vehicles to SAP's back-end software. This IoT technology uses SAP's real-time database HANA to monitor and support the production of automobile parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60 % of global manufacturers use analytics data tracked from IoT-connected devices to analyze their manufacturing processes. Major companies in the motor vehicle, engine, powertrain, and parts market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd., Toyota Motor Corp, Denso Corp, Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, and Dana Incorporated. Asia-Pacific was the largest region in the motor vehicle engines, power trains, & parts market in 2022. Western Europe was the second largest market in motor vehicle engines, power trains, & parts market. The regions covered in the motor vehicle engine, power train, & parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the motor vehicle engines, power trains, & parts markets 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 motor vehicle engine, power train, and parts market consist of sales of engine, transmission, driveshaft, axles, and differential. 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 global motor vehicle engine, power train & parts market is segmented - 1) By Type: Vehicle Engine And Engine Parts, Power Train And Power Train Parts 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket

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 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 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 global autonomous trains market size 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. 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. 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. 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. 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 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

Electric locomotive is a locomotive that runs on electricity and gets its power from storage batteries, overhead wires, or third rails, or even generates it on its own. The main types of energy transfer in electric locomotives are overhead lines, third rail, and onboard energy storage. Overhead lines are a wire or cable suspended between poles that is used to distribute power or signals. The technologies involved are technology, IGBT module, GTO thyristor, and sic module. The traction units involved are ac traction units, DC traction units, and multi-system units. The application involved passenger transport and freight transport. The electric locomotives market research report is one of a series of new reports from The Business Research Company that provides electric locomotives market statistics, including electric locomotives industry global market size, regional shares, competitors with an electric locomotives market share, detailed electric locomotives market segments, market trends and opportunities, and any further data you may need to thrive in the electric locomotives industry. This electric locomotive 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 global electric locomotives market size will grow from $1.67 billion in 2022 to $1.89 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. 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 global electric locomotives market size is expected to grow to $2.90 billion in 2027 at a CAGR of 11.4%. Increasing preference for non-polluting and energy-efficient transport is contributing to the growth of the electric locomotive market. According to the UK Department of Transport, besides highly efficient electric motors in electric locomotives that regularly have an efficiency of around 90% due to advancements such as regenerative braking, which can recover energy from braking, they emit 20%–35% less carbon per passenger mile than those enabled by diesel, which helps in a reduction in carbon emissions. Concerns regarding a greener environment have resulted in increasing demand for non-polluting and energy-efficient transport systems, thereby driving the electric locomotive market. Regular maintenance of the rolling stock is required to ensure its safety, which is very expensive, impacting the growth of the market. For example, the annual maintenance cost of the high-speed trainset is approximately $1 million. In addition to the cost of components that need to be replaced periodically, proper maintenance is needed for facilities such as stations and berthing sites. Moreover, rolling stock requires long-term maintenance once the train has reached half of its operating life. This involves maintenance work on electrical, mechanical, and hydraulic parts of the vehicle. A large investment is needed for such maintenance. For example, the overhaul and electrification project of the around 100 km Nis-Dimitrovgrad railway line (Serbia) is estimated to cost around $306 million, and a Memorandum of Understanding (MoU) was signed with CRBC (China) for the overhaul of the Belgrade-Nis railway line for $701 million. Therefore, the expensive maintenance and overhaul that is needed regularly will hamper the growth of the electric locomotive market. The emergence of dual-mode locomotive electric trains will be one of the major trends that will gain traction in the electric locomotive market in the forecast period. In May 2022, the Indian West Central Railways, launched Navdoot. Navdoot is a dual-mode locomotive that runs on batteries. The batteries and electricity are both used to power this engine. In February 2020, Alstom announced plans to acquire Bombardier Transportation for a price between EUR 5.8 billion and EUR 6.2 billion, which will be paid by cash and new Alstom shares. This acquisition will increase Alstom's global reach and its ability to respond to the ever-increasing need for sustainable mobility. Bombardier Transportation will bring to Alstom a complementary geographical presence and an industrial footprint in growing markets, as well as additional technological platforms. It will significantly increase innovation capabilities and lead to smart and green innovation. Bombardier Transportation is a Canadian multinational company that manufactures business jets and trains. Major players in the electric locomotives market are CRRC Corporation Limited, Bombardier Inc., Alstom SA, Siemens AG, Kawasaki Heavy Industries Ltd., General Electric Company, Transmashholding AG, Stadler Rail AG, Hitachi Ltd., and AEG Power Solutions. Western Europe was the largest region in the electric locomotives market in 2022. Asia-Pacific was the second largest region in the global electric locomotives market. The regions covered in the global electric locomotives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric locomotives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The electric locomotive market consists of sales of direct current (DC) and alternating current (AC) locomotives. 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 global electric locomotives market is segmented - 1) By Energy Transfer: Overhead Lines, Third Rail, On-board Energy Storage 2) By Technology: IGBT Module, GTO Thyristor, SiC Module 3) By Traction Units: AC Traction Units, DC Traction Units, Multi System Units 4) By Application: Passenger Transport, Freight Transport

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 railway management system research report is one of a series of new reports from The Business Research Company that provides railway management system statistics, including railway management system industry global market size, regional shares, competitors with railway management system shares, detailed railway management system segments, market trends and opportunities, and any further data you may need to thrive in the railway management system industry. This railway management system 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 global railway management system market size grew 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 railway management system market size 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. 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. 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. 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 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

Railway telematics is referred to as the use of informatics and telecommunications in railways and consists of services or solutions using embedded technology and mobile and telematics systems to enable controls on railcars on the move. The main railway telematics solutions include fleet management, automatic stock control, remote data access, and railcar tracking and tracing. Fleet management is used to manage railway fleets. These tools ensure the optimal utilization, fuel consumption, and maintenance of railways. The different railway telematics railcars include hoppers, tank cars, well cars, boxcars, and refrigerated boxcars. The railway telematics component types include telematics control units and sensors. The railway telematics market research report is one of a series of new reports from The Business Research Company that provides railway telematics market statistics, including railway telematics industry global market size, regional shares, competitors with a railway telematics market share, detailed railway telematics market segments, market trends and opportunities, and any further data you may need to thrive in the railway telematics industry. This railway telematics 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 global railway telematics market size grew from $4.15 billion in 2022 to $4.48 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. 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 railway telematics market size is expected to grow to $6.1 billion in 2027 at a CAGR of 8.0%. The increase in government initiatives for smart railways is significantly driving the growth of the railway telematics market. Governments across the world are undertaking various smart railway initiatives to provide better transportation infrastructure. For instance, in July 2020, the government of China announced the development goal of smart railways using 5G technology and the BeiDou Navigation Satellite System (BDS), including a national railway network exceeding 200,000 kilometers. Also in November 2021, the government of India announced the development of 102 semi-high-speed Vande Bharat Expresses, and in October 2021, Indian Railways announced a plan to establish approximately 500 multi-modal cargo terminals under the "PM GatiShakti" program, for a total cost of $6.68 billion over five years. Hence, the government's initiatives for smart railways will increase the demand for railway telematics and thereby drive the growth of the railway telematics market. Strategic partnerships and collaborations are a key trend gaining popularity in the railway telematics market. The strategic partnerships and collaborations in the railway telematics market are enabling competitiveness in the rail sector between freight transportation companies. For instance, in 2020, rail companies in the USA, such as GATX Corporation, Genesee & Wyoming, Watco, Norfolk Southern, and Trinity Rail, have announced a joint venture, Rail Pulse, to involve GPS technologies and other telematics technologies in the future of the American railcar fleet. In March 2020, Netherlands-based Intermodal Telematics BV (IMT) and Germany-based transportation company, VTG AG, entered into a long-term partnership to extend the digitization of VTG’s rail waggon fleet, under which 15,000 rail cars will be equipped with CLT20-Ex GPS units. Also, in January 2022, Italy-based Hitachi Rail made a strategic partnership with Netherlands-based Intermodal Telematics (IMT) to embed the company’s monitoring sensors into Hitachi Rail’s digital freight service. In September 2020, Omnitracs LLC, a leading provider of fleet management solutions to transportation and logistics companies, announced the acquisition of SmartDrive Systems, Inc., for an undisclosed amount. Through this acquisition, Omnitracs will create an end-to-end platform to optimise safety, driver productivity, and workflow, and also enhance routing dispatch and compliance fright rails. SmartDrive Systems is a US-based driver safety and transportation intelligence company, offering telematics for fleets and drivers on rail transit. Siemens AG, Hitachi Ltd., Alstom SA, Knorr-Bremse AG, Robert Bosch GmbH, Intermodal Telematics BV, Intrex Telematics, Orbital Communications Corporation, Savvy Telematics, Trinity Industries Inc., Cisco Systems, Inc., Teledyne FLIR LLC, Sumitomo Electric Industries, Ltd., LG CNS, Kapsch TrafficCom AG, Thales Group, Bombardier Inc., General Electric Company, and IBM Corporation are major players. North America will be the largest region in the railway telematics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in railway telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the railway telematics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The railway telematics market consists of revenues earned by entities by providing railway thematic solutions and services such automatic train protection (ATP) system,speed trackers, automatic braking systems,  fleet management solutions, condition monitoring, and assest tracking solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The railway telematics market also includes sales of railway sensors, dashboard devices, speed sensors, and braking systems, and advanced driver assistance systems. 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 global railway telematics market is segmented - 1) By Solution: Fleet Management, Automatic Stock Control, Remote Data Access, Railcar Tracking And Tracing 2) By Railcar: Hoppers, Tank Cars, Well Cars, Boxcars, Refrigerated Boxcars 3) By Component Type: Telematics Control Unit, Sensors