connects the trackside network with operations and data centers. The transport network consists of access, aggregation, and core networks. It provides a resilient communication path between Connected Train, Connected Trackside, Connected Stations, and the data center.
This report contains market size and forecasts of IoT Connected Rail in Global, including the following market information:
Global IoT Connected Rail Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global IoT Connected Rail market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Passenger Mobility and Services Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of IoT Connected Rail include Siemens, Hitachi Rail, Wabtec Corporation, Trimble, Bosch, HUAWEI, Cisco, Nokia and Atos, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the IoT Connected Rail companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IoT Connected Rail Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global IoT Connected Rail Market Segment Percentages, by Type, 2021 (%)
Passenger Mobility and Services
Passenger Information System
Train Tracking and Monitoring Solutions
Automated Fare Collection System
Freight Management System
Global IoT Connected Rail Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global IoT Connected Rail Market Segment Percentages, by Application, 2021 (%)
Global IoT Connected Rail Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global IoT Connected Rail Market Segment Percentages, By Region and Country, 2021 (%)
Rest of Europe
Rest of Asia
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies IoT Connected Rail revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies IoT Connected Rail revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Woojin Industrial Systems