Global Smart Locomotive Market is expected to reach US$ 53.80 Bn. by 2029, at a CAGR of 11.9% during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Smart Locomotive Definition:
Smart locomotives are railways built using smart technologies like cloud computing, data analytics, and GSM-R systems. Smart locomotive uses IoT solutions whose application makes it easy to collect the data of the locomotive. Smart Locomotive includes everything from smart ticketing, freight information, smart networking systems, etc. The smart locomotive has helped to improve the efficiency of transport and reduction of the cost due to the automation of the various processes.Global Smart Locomotive Market Dynamics:
An increase in the smart locomotive is boosted by the increasing need for urban connectivity, increased integration of IoT-based solutions, and a higher emphasis on reducing emissions, which is the main concern regarding the environment. The use of smart solutions for the provision of transport capacity for the increasing population. The increasing use of machine-to-machine (M2M) technology, embedded sensors, computer power, Big Data, and the Internet of Things in transport solutions are the main factors driving the growth of the Global Smart Locomotive Market. The increase of data generated by the rail network and the need for improved rail infrastructure is also driving the adoption of the smart locomotive. The need to improve the driving efficiency of train drivers and travelling conditions need efficiency and improvement, which is expected to create opportunity for the Global Smart Locomotive Market. The use of a smart locomotive helps to provide complete information about the train and various data relating to it, which helps to improve the efficiency of the work. The smart locomotive is considered the best option for reducing the number of train-related accidents and problems associated with the inefficiency of the trains. Increased investment in smart energy and grid systems and the development of digitalization of power utilities are expected to drive the growth of the Global Smart Locomotive Market. Technological advancement and the increasing need for the production of alternative energy have boosted the demand for smart locomotive. The smart locomotive also enables the automatic door to open and close and emergency braking whenever required.Global Smart Locomotive Market Segment Analysis:
The report groups the Global Smart Locomotive Market in different segments by component, and region to forecast the revenues and analyze the market share of each segment over the forecast period. Based on the Component, the segments include Rail Analytics System, Railway Communication and Networking System, Freight Information System, Smart Ticketing System, Advanced Security Monitoring System, Passenger Information System, and Other. The Rail Analytics System segment was dominant in 2019 and is expected to command a market share of xx% by 2029. Rail Analytics System provides close coordination with security and surveillance systems through, which various activities like timetable management, capacity optimization, timely travel service, and predictive maintenance can be done regularly improving the locomotive efficiency. Due to the various advantages, rail operators of different regions are investing in the rail analytics system. Rail Analytics systems give the ability to track and monitor, diagnose and maintain task management with different tools like data analytics, driver assistance systems, mobile technician app, and others.Global Smart Locomotive Market Regional Insights:
The Asia Pacific is expected to command the largest market share of xx% by 2029 International Union of Railways has stated that the developing economies like India and China in the Asia Pacific accounted for 28 % of the total railway network of the world. The government investment for the up-gradation of the locomotive facilities has contributed to the growth of the Smart Locomotive market in the region. Increasing megacities development such as four of the world's megacities are in china and the merging of various more cities is expected to boost the growth of the Global Smart Locomotive Market. Government funds and various banks in china are coming up for the up-gradation of the locomotive to the smart locomotive. The objective of the report is to present a comprehensive analysis of the Global Smart Locomotive Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Smart Locomotive Market dynamics, structure by analyzing the market segments and projects the Global Smart Locomotive Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Smart Locomotive Market make the report investor’s guide.Global Smart Locomotive Market Report Scope: Inquire before buying
Global Smart Locomotive Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 24.49 Bn. Forecast Period 2023 to 2029 CAGR: 11.9% Market Size in 2029: US $ 53.80 Bn. Segments Covered: by Component Rail Analytics System Railway Communication and Networking System Freight Information System Smart Ticketing System Advanced Security Monitoring System Passenger Information System Other Smart Locomotive Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Smart Locomotive Market, Key Players are
1. Hitachi Ltd. (Japan) 2. CRRC Corporation Limited (China) 3. Bombardier Inc. (Canada) 4. Alstom S.A. (France) 5. ABB (Switzerland) 6. Siemens AG 7. Alstom S.A. 8. Thales Group 9. Hyundai Rotem 10. AGE Power Solutions 11. Wabtec Corporation 12. Toshiba International Corporation 13. CZ Loko 14. Bharat Heavy Electricals Limited 15. Metso Corporation 16. Brookville Equipment Corporation 17. Materfer 18. KONČAR - Electronics and Informatics Inc. 19. Stucki Company 20. UGL Rail 21. Kawasaki Rail Car, Inc. 22. HYUNDAI ROTEM COMPANY 23. Taiwan Rolling Stock Co Ltd. 24. Stadler Rail AG Frequently Asked Questions: 1. Which region has the largest share in Global Smart Locomotive Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Smart Locomotive Market? Ans: The Global Smart Locomotive Market is growing at a CAGR of 11.9% during forecasting period 2023-2029. 3. What is scope of the Global Smart Locomotive Market report? Ans: Global Smart Locomotive Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Smart Locomotive Market? Ans: The important key players in the Global Smart Locomotive Market are – Hitachi Ltd. (Japan), CRRC Corporation Limited (China), Bombardier Inc. (Canada), Alstom S.A. (France), ABB (Switzerland), Siemens AG, Alstom S.A., Thales Group, Hyundai Rotem, AGE Power Solutions, Wabtec Corporation, Toshiba International Corporation, CZ Loko, Bharat Heavy Electricals Limited, Metso Corporation, Brookville Equipment Corporation, Materfer, KONČAR - Electronics and Informatics Inc., Stucki Company, UGL Rail, Kawasaki Rail Car, Inc., HYUNDAI ROTEM COMPANY, Taiwan Rolling Stock Co Ltd., Stadler Rail AG. 5. What is the study period of this Market? Ans: The Global Smart Locomotive Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Smart Locomotive Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Smart Locomotive Market 3.4. Geographical Snapshot of the Smart Locomotive Market, By Manufacturer share 4. Global Smart Locomotive Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Smart Locomotive Market 5. Supply Side and Demand Side Indicators 6. Global Smart Locomotive Market Analysis and Forecast, 2022-2029 6.1. Global Smart Locomotive Market Size & Y-o-Y Growth Analysis. 7. Global Smart Locomotive Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 7.1.1. Rail Analytics System 7.1.2. Railway Communication and Networking System 7.1.3. Freight Information System 7.1.4. Smart Ticketing System 7.1.5. Advanced Security Monitoring System 7.1.6. Passenger Information System 7.1.7. Other 8. Global Smart Locomotive Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Smart Locomotive Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 9.1.1. Rail Analytics System 9.1.2. Railway Communication and Networking System 9.1.3. Freight Information System 9.1.4. Smart Ticketing System 9.1.5. Advanced Security Monitoring System 9.1.6. Passenger Information System 9.1.7. Other 10. North America Smart Locomotive Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Smart Locomotive Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 12. Canada Smart Locomotive Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 13. Mexico Smart Locomotive Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 14. Europe Smart Locomotive Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 15. Europe Smart Locomotive Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Smart Locomotive Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 17. France Smart Locomotive Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 18. Germany Smart Locomotive Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 19. Italy Smart Locomotive Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 20. Spain Smart Locomotive Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 21. Sweden Smart Locomotive Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 22. CIS Countries Smart Locomotive Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 23. Rest of Europe Smart Locomotive Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 24. Asia Pacific Smart Locomotive Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 25. Asia Pacific Smart Locomotive Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Smart Locomotive Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 27. India Smart Locomotive Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 28. Japan Smart Locomotive Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 29. South Korea Smart Locomotive Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 30. Australia Smart Locomotive Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 31. ASEAN Smart Locomotive Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 32. Rest of Asia Pacific Smart Locomotive Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 33. Middle East Africa Smart Locomotive Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 34. Middle East Africa Smart Locomotive Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Smart Locomotive Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 36. GCC Countries Smart Locomotive Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 37. Egypt Smart Locomotive Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 38. Nigeria Smart Locomotive Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 39. Rest of ME&A Smart Locomotive Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 40. South America Smart Locomotive Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 41. South America Smart Locomotive Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Smart Locomotive Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 43. Argentina Smart Locomotive Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 44. Rest of South America Smart Locomotive Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Smart Locomotive Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Hitachi Ltd. (Japan) 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. CRRC Corporation Limited (China) 45.3.3. Bombardier Inc. (Canada) 45.3.4. Alstom S.A. (France) 45.3.5. ABB (Switzerland) 45.3.6. Siemens AG 45.3.7. Alstom S.A. 45.3.8. Thales Group 45.3.9. Hyundai Rotem 45.3.10. AGE Power Solutions 45.3.11. Wabtec Corporation 45.3.12. Toshiba International Corporation 45.3.13. CZ Loko 45.3.14. Bharat Heavy Electricals Limited 45.3.15. Metso Corporation 45.3.16. Brookville Equipment Corporation 45.3.17. Materfer 45.3.18. KONČAR - Electronics and Informatics Inc. 45.3.19. Stucki Company 45.3.20. UGL Rail 45.3.21. Kawasaki Rail Car, Inc. 45.3.22. HYUNDAI ROTEM COMPANY 45.3.23. Taiwan Rolling Stock Co Ltd. 45.3.24. Stadler Rail AG 46. Primary Key Insights