- Smart railways refer to railways built by the deployment of GSM-R systems, cloud computing and data analytics. To grasp the condition information distributed over wide railway area, the IoT solution is applied for the smart railway application. Smart railways comprise of smart ticketing, e- catering and freight information systems among others. They assist in efficient transport and provide reduction in costs eventually by automating various processes and leveraging technology to improve services.
- The increase in the investment for developing analytics systems by rail network operators in developed regions and technological advancement targeted towards enhancement of customer experience act as the major factors driving the growth of smart railways market.
- Europe holds the largest share in the global smart railways market, primarily due to its well-established rail infrastructure, strong government support, and significant investments in rail modernization projects.
- Asia-Pacific is projected to witness the fastest growth in the smart railways market over the forecast period, driven by rapid urbanization, expanding metro and high-speed rail networks, and strong government-led smart city initiatives.
- In 2025, the solutions segment is expected to dominate the smart railways market with the largest share, owing to the growing demand for integrated systems that enhance rail operations, safety, and passenger experience.
