Feature: Rail systems


North America is dominates the lighting in railways market, with a share of 17.9%


[Image by Nathalia Segato for Unsplash]


The adoption of railway telematics, including monitoring of refrigerated wagons and forecasted arrival times for railcars, is the key factor driving the market in present. According to our recent market report, the US holds a share


of nearly 18.5% of the global railway telematics market. Owing to the presence of many leading OEMs in the US, the overall revenue generated there this year will be about $1.2bn. In Europe, Germany is the largest regional market for railway


telematics, offering plenty of room for further expansion. The country accounts for some 4.7% of the global railway telematics services. Close second in Europe for adopting railway telematics


technologies for freight management is the UK, which is likely to see a further growth of 3.3% annually to 2033. China is the leading market among the Asia-Pacific countries


in terms of production of railway telematics components and services. This country is expected to experience a 4.3% CAGR from 2023 to 2033. Japan is another significant contributor to the Asia Pacific


railway telematics market, with a share of 5.2% of the global market. With advanced component manufacturers as well as excellent service providers, this country is estimated to generate revenues of nearly $350m in 2023. We see India as the world’s fastest-growing market for railway


telematics for the time being. Through to 2033, the region is expected to grow at a pace of 5.4% thanks to domestic railway


32 July/August 2023 www.electronicsworld.co.uk


infrastructure expansion projects and improved exports. Australia has garnered enough traction in the global railway


telematics business recently, having a strong export potential for South-East Asian countries and other nations. This country has a sizable rail transit system, accounting for some 2.3% of the overall worldwide income. Inside the railways telematics systems, from 2023 to 2033 the


component segment of sensors is expected to grow at a higher rate than any other. This is also a major contributing segment that holds a share of some 45.5% of the overall market. In this space we see competition between Siemens, Alstom,


Knorr-Bremse, Robert Bosch, Hitachi, Intermodal Telematics, Intrex Telematics, ORBCOMM, Rail Nova, Savvy Telematics and Trinity Industries, among others.


3. Railway interior lighting systems The railway interior lighting market is expected to be worth $263m this year, growing to $364m by 2033, at a CAGR of 3.3%. The growing population in metropolitan centres, increased


urbanisation and government involvement in creating public transportation infrastructure such as metro and high-speed trains, as well as restored trains, are the main contributing factors in this market, and the demand for LEDs and supporting technologies remains high. Geographically, North America is the key region that currently dominates the market, with a share of 17.9%.


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