|Global Rail Outlook, 2019|
|Major Infrastructure Projects in the EU and APAC to Trigger Rolling Stock Sales; Digitalisation to Enhance Convenience of Passengers and Freight Customers|
The demand for digitalisation of rail systems to enhance customer convenience is rapidly increasing across both freight and passenger operations. Widespread usage of telematics, predictive analysis, sensor technology, and IoT integration has the potential to increase passenger traffic and freight movement, and lead to additional infrastructure construction and rolling stock builds. A recent analysis by Frost & Sullivan predicts that digitalisation will be one of the major factors driving a 15.2% increase in global passenger traffic and a 19% increase in global freight traffic by 2025.
“European freight operators are retrofitting their large fleets of freight locomotives and wagons with advanced sensor technology and telemetry to track the movement of freight cargo, and also monitor its temperature, humidity, and other factors to help optimise the transport and distribution process,” said Guruguhan Nataraj, Senior Industry Analyst, Mobility, at Frost & Sullivan. “Digitalisation is set to improve the passenger experience through connectivity solutions such as on-board Wi-Fi, entertainment portals, and mobile networks. These aspects and future potential for upgrades are becoming an integral part of rolling stock production and railway infrastructural projects.”