Wayside Control Global Market Report 2024

The wayside control market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed in the historical period can be attributed to several factors, including the expansion of railway infrastructure, a focus on safety and regulatory compliance, increased demand for automated solutions, optimization of traffic management, and the influence of urbanization on public transportation systems.

The wayside control market size is expected to see strong growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be attributed to factors such as the development of high-speed rail networks, the implementation of positive train control (PTC) systems, a heightened focus on energy efficiency, efforts towards global connectivity and interoperability, and the impact of population growth on urban mobility. Noteworthy trends expected in the forecast period include increased investments in rail infrastructure, the digitalization and integration of IoT (Internet of Things) in rail systems, the incorporation of advanced communication technologies, technological advancements in railways, and the integration of advanced sensor technologies.

The anticipated expansion of the railway network is poised to drive the growth of the wayside control market in the future. A railway network, comprising interconnected railroad lines facilitating passenger and freight transportation, plays a crucial role in transportation infrastructure. Wayside control systems are instrumental in regulating various aspects of the railway infrastructure, including signals, switches, and detectors, ensuring the safe and efficient operation of trains. A notable statistic from a press information bureau published by the Ministry of Indian Railways in April 2023 revealed a substantial increase in completed new lines (new line/doubling/gauge conversion), with 5243 km accomplished in 2022-2023 compared to 2909 km in the previous year. Consequently, the expanding railway network emerges as a key driver for the growth of the wayside control market.

Government initiatives supporting the implementation of new train control systems are anticipated to propel the growth of the wayside control market. Government initiatives involve significant actions taken by governing bodies to address challenges, issues, or crises. Funding from governments for new train control systems contributes to enhanced efficiency, safety, sustainability, and economic development. For instance, as reported by the International Railway Journal in January 2023, the government of Canada, comprising the city of Montreal and the province of Quebec, announced a grant exceeding $C 565 million ($US 422.2 million) for a new train control system for the Montreal Transport (STM) metro. Therefore, the proactive measures taken by governments to invest in advanced train control systems are driving the growth of the wayside control market.

Supply chain disruptions are anticipated to pose challenges to the growth of the wayside control market. Supply chain disruptions refer to unforeseen events or issues that disrupt the normal flow of goods, services, information, or finances within a supply chain network. The wayside control market is affected by disruptions in the supply chain, leading to delays in deliveries, shortages of essential items, price inflation, and factory closures. For example, in 2022, the Institute of Supply Chain Management reported that at least 75% of enterprises experienced supply chain disruptions due to the COVID-19 pandemic, resulting in delays and shortages. Consequently, supply chain disruptions represent a hindrance to the growth of the wayside control market.

Companies engaged in the wayside control market are increasingly focusing on introducing innovative Visual Train Analysis (VTA) systems to enhance their market presence and revenues. Visual Train Analysis involves systems or technologies designed to analyze visual data related to trains. For instance, in August 2022, Voestalpine Railway Systems GmbH introduced the Phoenix MDS Visual Train Analysis (VTA) system, a video-based train inspection system. Leveraging cameras and artificial intelligence from the Phoenix MDS Modular Diagnostic System, the VTA system detects and analyzes defects on passing trains, such as cracks, dents, missing parts, and evaluates the state of the train's brakes and wheels.

In January 2021, Alstom SA, a France-based rolling stock manufacturing company, acquired Bombardier Transportation for $5.97 billion (€5.5 billion). This strategic acquisition is expected to bolster Alstom SA's product portfolio and global presence, with operations in over 70 countries. Bombardier Transportation, a Germany-based rail transport company, provides rail control products and systems, including signaling and wayside control systems.

Major companies operating in the wayside control market report are Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Nokia Corporation, Thales Group, Alstom SA, Cubic Corporation, Wabtec Corporation, Rockwell Automation Inc., Indra Sistemas S.A., Construcciones y Auxiliar de Ferrocarriles S.A., Phoenix Contact, Advantech Co. Ltd., Belden Inc., Schaltbau Holding AG, Kyosan Electric Mfg. Co. Ltd., Autech Technology Co. Ltd, Frauscher Sensor Technology, Aversan Inc., LILEE Systems Ltd., EKE-Electronics Ltd., Sphinx Connect.

Europe was the largest region in the wayside control market in 2023. The regions covered in the wayside control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the wayside control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wayside control market consists of revenues earned by entities by providing services such as traffic management, communication, performance optimization, data analytics, and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The wayside control market also includes sales of wayside signals, proximity switches, trackside cameras, and track sensors. 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 main components of wayside control systems include hardware, software, and services. Hardware refers to the physical components and devices constituting a computer or electronic system. In wayside control systems, hardware plays a crucial role in monitoring railway operations, ensuring safety, and managing train movements. Various types of control systems, such as centralized control systems and distributed control systems, are employed for applications such as automatic train control (ATC) and centralized traffic control (CTC).

The wayside control market research report is one of a series of new reports that provides wayside control market statistics, including wayside control industry global market size, regional shares, competitors with a wayside control market share, detailed wayside control market segments, market trends and opportunities, and any further data you may need to thrive in the wayside control industry. This wayside control 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 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.


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