Feature: Rail systems
Modern
technologies for modern railways – a growing market worldwide
By Future Market Insights market analysts
T
he train and railways markets are thriving, involving many new technologies, for on-board connectivity, comfort and infotainment systems on the passenger side and connectivity and AI for maintenance, reliability and safety on the operations side.
Here, analysts from Future Market Insights (FMI), present three key areas of development for these types of systems.
1. Railway systems The railway system market is estimated to be worth $45.1bn between years 2023 and 2033, growing at a compound annual rate of 4.8%. Currently the market is valued at just over $28bn. Surging urbanisation worldwide and the rising number of
vehicles on the roads are adding to severe traffic congestion, which in turn is leading many to seek public modes of transport, such as trains, metro, trams, and so on, to move around cities. Rail operators are responding by improving the comfort, infotaintment, connectivity and functionalities offered on board their trains, which increases the demand for electrical, electronic and other systems. High-speed rail technology advancements such as magnetic levitation and Hyperloop, as well as hydrogen fuel-cell technology for zero emissions, will drive global market growth going forward. Furthermore, government authorities worldwide are investing
tremendous amounts in upgrading their countries’ railway infrastructure. Moreover, using railways stands in line with the adoption of renewable energy sources; many economies are laying the foundations for Green Transportation, which will lead to even greater adoption of railways. The railways’ green status is further underpinned by their
limited use of fuel, less than that of airlines for example, and the load capacity of the railways is also much higher. The railway systems market is expected to see a form of
renaissance with the application of the Internet of Trains, making this mode of transport more reliable, safer and easier to maintain. The Internet of Trains will be underpinned by AI, which is expected to revolutionise this market. Increasing investment in analytics systems by network operators in the developed nations, as well as improvements aimed at enhancing customer experience, are important driving factors for the growth of the global industry. Smart technologies such as advanced train control systems,
better passenger information systems and real-time location information for each railway carriage, help monitor trains for their precise location, but also for maintenance and their compliance. It is expected that providing precise real-time information on the status and location of in-transit railcars will boost passenger satisfaction. All these improvements have attracted the interest of many
technology companies worldwide. In February 2022, the CRRC developed 3000hp permanent magnet hybrid shunting locomotive, with a first journey of 2,000 kilometers. The
30 July/August 2023
www.electronicsworld.co.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60
