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Malaysian Reserve
4 hours ago
- Business
- Malaysian Reserve
Electromechanical Actuators in Aircraft Market worth $804.3 million by 2030
DELRAY BEACH, Fla., June 20, 2025 /PRNewswire/ — The electromechanical actuators in aircraft market is projected to reach USD 804.3 million by 2030, growing from USD 577.1 million in 2025 at a CAGR of 6.9% according to a new report by MarketsandMarkets™. The electromechanical actuators in aircraft market is witnessing strong momentum, fueled by rapid advancements in power electronics, smart sensors, and digital control systems. The growing focus on more electric aircraft (MEA) concepts, which aim to improve energy efficiency and reduce dependency on hydraulic and pneumatic systems, is accelerating the adoption of EMAs. The rising demand for lightweight, maintenance-friendly, and environmentally sustainable solutions encourages innovation in commercial and military aviation. At the same time, evolving defense modernization programs and next-generation aircraft platforms are opening up new opportunities for advanced actuation technologies. Aircraft manufacturers and system integrators increasingly invest in cutting-edge EMA solutions to meet performance, safety, and cost targets. With technology becoming more integrated and platforms more electric, the market is poised for long-term growth. It remains a critical enabler of the aviation industry's shift toward more innovative, cleaner, and reliable systems. Download PDF Brochure: Browse in-depth TOC on 'Electromechanical Actuators in Aircraft Market' 200 – Tables80 – Figures230 – Pages Electromechanical Actuators in Aircraft Market Report Scope: Report Coverage Details Market Revenue in 2025 $ 577.1 million Estimated Value by 2030 $ 804.3 million Growth Rate Poised to grow at a CAGR of 6.9% Market Size Available for 2020–2030 Forecast Period 2025–2030 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By mechanism type, motor torque, application, platform, and region Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Power supply and thermal management limitations Key Market Opportunities Advancements in autonomous flight Key Market Drivers Rising adoption of More Electric Aircraft architecture By platform, the narrow-body aircraft segment is projected to account for the largest share of the electromechanical actuators in aircraft market during the forecast period. The dominance of the narrow-body aircraft segment is underpinned by strong global demand for single-aisle jets, especially across commercial airline fleets. With increasing focus on fleet modernization, airlines are upgrading to newer models, such as the Airbus A320neo and Boeing 737 MAX, which integrate advanced electromechanical actuators (EMAs) for flight control surfaces, landing gear operations, and other critical functions. The adoption of EMAs in narrow-body aircraft is primarily driven by their lower weight, better energy efficiency, and reduced maintenance needs compared to traditional hydraulic systems. Given the high production volumes of narrow-body aircraft and their extensive use in short- and medium-haul routes worldwide, this aircraft continues to attract significant EMA integration. Moreover, the push toward more electric aircraft and increasing passenger traffic in emerging markets further reinforce the segment's leading market position. Narrow-body platforms are increasingly seen as the foundation for technological upgrades, which makes them central to the EMA market landscape. By application, the flight control surface segment is projected to account for the largest share during the forecast period. The flight control surface segment is projected to account for a significant market share, driven by the aviation industry's shift toward more electric aircraft and the growing need for precise, lightweight, and energy-efficient actuation systems. These actuators play a vital role in managing the aerodynamic behavior of an aircraft, enabling accurate control of ailerons, elevators, rudders, and flaps. As aircraft designs evolve, the demand for advanced EMAs in primary and secondary flight control systems continues to grow, especially in next-generation commercial jets and military platforms. Reduced maintenance needs, enhanced reliability, and better integration with digital flight control architectures have driven the move from hydraulic systems toward electromechanical solutions. With growing emphasis on performance optimization, weight reduction, and environmental efficiency, EMAs for flight control surfaces have become critical to modern aircraft programs. Inquiry Before Buying: North America is projected to account for the largest share during the forecast period. North America remains at the forefront of the electromechanical actuators in aircraft industry, primarily due to its robust aerospace sector, rich engineering skills base, and drive towards more electric airplane designs. In recent years, there has been a well-documented shift from conventional hydraulic systems toward electromechanical systems, particularly for flight control and landing gear systems. This transformation is fueled by the need to shed weight, increase fuel economy, and make maintenance easier. Industry leaders such as Honeywell, Moog Inc., and Curtiss-Wright are at the forefront of this change, creating more sophisticated and reliable EMA technologies for commercial and defense applications. Regulatory incentives have also played a significant part. The FAA's emphasis on safety and electrification has driven broader usage of EMA systems throughout aging fleets and new airplanes. The region's robust supply base, large aircraft programs, and military modernization continue to drive demand for EMS. With increasing focus on testing, certification, and system integration, North America is emerging as a leading center for electromechanical actuator innovation and deployment. Honeywell International Inc. (US), Curtiss-Wright Corporation (US), Liebherr (Switzerland), and Ametek Inc. (US) are major players in the electromechanical actuators in aircraft companies. These companies have strong distribution networks across North America, Europe, Asia Pacific, the Middle East, and Rest of the World. Get 10% Free Customization on this Report: Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting Related Reports: Military Vehicle Electrification Market by Platform (Combat Vehicles, Support Vehicles, Unmanned Armored Vehicles), System, Technology (Hybrid, Fully Electric), Mode of operation, Voltage Type and Region – Global Forecast to 2030 Military Vehicle Sustainment Market by Vehicle Type (Armored Vehicles, Military Trucks), Service (Maintenance, Repair, & Overhaul (MRO), Training & Support, Parts and Components Supply, Upgrades & Modernization), End User, and Region- Global Forecast to 2028 Turret System Market by Type (Manned, Unmanned), Component (Turret Drive, Turret Control System, Stabilization Unit), Platform (Land, Airborne, Naval), and Region – Global Forecast to 2027 Unmanned Ground Vehicles Market by Mobility (Wheeled, Tracked, Hybrid), Application (Military, Commercial, Law Enforcement, Federal Law Enforcement), Size (10-200lbs, 200-500lbs, Others), Mode of Operation, System, and Region-Global Forecast to 2027 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content:
Malaysian Reserve
13 hours ago
- Business
- Malaysian Reserve
Feed Phosphate Market worth $3.52 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 19, 2025 /PRNewswire/ — The feed phosphate market is estimated at USD 2.79 billion in 2025 and is projected to reach USD 3.52 billion by 2030, at a CAGR of 6.0% from 2025 to 2030, according to a report published by MarketsandMarkets™. Feed phosphates contribute to the overall health and welfare of animals, including bone development, energy metabolism, and immunity. Consequently, livestock and poultry farmers should benefit from feed phosphates that enhance animal welfare, leading to increased usage of feed phosphates in the future. The feed phosphates market is experiencing growth due to various factors, such as the rising global demand for animal protein, the expansion of livestock production, improved feed efficiency, a focus on animal health, regulatory support, technological advancements, greater awareness of animal nutrition, the adoption of sustainable farming practices, and ongoing research and development efforts. As the world's population continues to grow, the demand for animal-based products is expected to rise further, driving the expansion of the feed phosphates market in the future. Browse in-depth TOC on 'Feed Phosphate Market'150– Tables60– Figures250– Pages Download PDF Brochure: By form, the powdered form segment holds the highest CAGR during the forecast period. The powdered form of feed phosphate offers an excellent opportunity in the manufacturing of animal feed, standing out due to its ease of handling, rapid blending, and even distribution in a feed mixture. The feed phosphate is primarily phosphorus, an essential nutrient for muscle development, growth, reproduction, and overall health (bone health) and is usually sourced from dicalcium phosphate (DCP) or monocalcium phosphate (MCP). The specific formulation ensures good solubility in water or feed by incorporating dairy feed products. It dissolves easily in water or mixtures, facilitating an even distribution of phosphorus within the feed. Phosphate also contains the highest concentration of phosphorus in feed formulations, representing an inexpensive source of phosphorus to meet livestock and poultry nutrition targets throughout all life stages. By livestock, the swine segment holds the third-largest share in the feed phosphate market. According to the International Magazine for Animal Feed & Additives Industry, global pig feed production is projected to decline by 0.6% in 2024, totaling 369.293 million mt. Production growth in the European, Latin American, and North American pork segments was offset by decreases in Africa and the Middle East, Asia-Pacific, and Oceania. The overall trends were partly influenced by the ability of producers in these regions to recover from previous outbreaks of African swine fever (ASF), the potential for export demand that allows Europe and Latin America to recover their lost production, and the decisions of producers in each region to maintain a recovery focus. For the pig feed segment to grow on a global basis, disease control and the stability of feed prices will affect both the porcine industry and the pig feed segment, potentially presenting significant opportunities for growth in 2024. Request Sample Pages: Based on region, North America holds the highest CAGR during the forecast period. The feed phosphate market in North America is steadily gaining traction due to the strong cultural ties of livestock and poultry, as well as the established industries in the region. The increased demand for quality protein sources through meat, dairy, and poultry products has led to a need for balanced nutrients in animal feed. Feed phosphates play an essential role in ensuring bone development, improving feed efficiency, and maintaining livestock health, making them a crucial ingredient in livestock formulations. Factors that may drive market growth in the region include the increased reliance on intensive livestock production, advancements in feed technology, and a growing awareness of animal nutritional management with sustainably sourced feed ingredients. The impact of climate change has prompted regulations that promote the efficient use of phosphorus as a nutrient to help maintain biodiversity. Nevertheless, feed producers will continue to respond to demands from producers for only the highest-grade phosphates through feed formulations that are both bioavailable and sustainably sourced. The report profiles key players including Mosaic (US), Nutrien (Canada), OCP (Morocco), Yara (Norway), EuroChem Group (Switzerland), PhosAgro Group (Russia), Phosphea (France), Fosfitalia Group (Italy), J.R. Simplot Company (US), Rotem Kimyevi Maddeler San. Tic. A.S. (Turkey), Lomon Corporation (China), Sinochem Yunlong Co., Ltd. (China), Malaysian Phosphate Additives Sdn. Bhd. (MPA) (Malaysia), Guizhou Chanhen Chemical Corporation (China), and Yunnan Yuntianhua Co., Ltd. (China). Get 10% Free Customization on this Report: Browse Adjacent Reports @ Agriculture Industry Market Research Reports & Consulting Related Reports: Feed Additives Market by Livestock, Type (Amino Acids, Probiotics, Vitamins, Acidifiers, Enzymes, Flavors & Sweeteners, Mycotoxin Detoxifiers, Minerals, and Antioxidants), Livestock, Form, Source, Function, and Region – Global Forecast to 2029 Feed Binders Market by Type (Lignosulfonates, Plant Gums & Starches, Gelatin & Other Hydrocolloids, Clay, Molasses, and Others), Livestock (Poultry, Cattle, Swine, Aquatic Animals, Dogs & Cats, and Others), Region – Global Forecast to 2025 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets Inc.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Insight: Our Website: Source: Logo: View original content:
Yahoo
2 days ago
- Business
- Yahoo
Loyalty Management Market worth $20.36 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 18, 2025 /PRNewswire/ -- The Loyalty Management Market is estimated at USD 12.89 billion in 2025 and is projected to reach USD 20.36 billion by 2030, registering a CAGR of 9.6% during 2025–2030, according to a new report by MarketsandMarkets™. Browse in-depth TOC on "Loyalty Management Market" 350 – Tables 50 - Figures320 – Pages Download PDF Brochure @ Scope of the Report Report Metrics Details Market size available for years 2019–2030 Base year considered 2024 Forecast period 2025–2030 Forecast units Value (USD) Billion Segments Covered By Offering, Program Type, Application, Business Model, Vertical, and Region Region covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America Companies covered The major players in the Loyalty Management Market are Epsilon (US), Oracle (US), Comarch (Poland), Bond Brand Loyalty (Canada), Merkle (US), Capillary (Singapore), Jakala (Italy), Kobie (US), Giift Management (Singapore), Maritz Motivation (US), Cheetah Digital (US), Collinson (UK), AIR MILES Loyalty (Canada), Punchh (US), Ebbo (US), Preferred Patron (US), Loopy Loyalty (China), Paystone (UK), LoyLogic (Switzerland), Ascenda (Singapore), Loyalty Juggernaut (US), Gratifii (Australia), SAP SE (Germany), Annex Cloud (US), Apex Loyalty (US), Sumup (UK), Kangaroo (Canada), (Canada), SessionM (US), LoyaltyLion (UK), Yotpo (US), SailPlay (US), Phaedon (US), and Zinrelo (US). Rising competition in sectors like retail, hospitality, and BFSI compels companies to implement loyalty programs that help them stand out by offering personalized rewards and experiences to enhance customer loyalty. In retail, brands such as Amazon and Walmart utilize loyalty initiatives to drive repeat purchases through tailored discounts and exclusive product access. Likewise, in hospitality, chains like Marriott and Hilton leverage loyalty programs to deliver personalized experiences, including room upgrades or late check-outs, thus building stronger emotional connections with guests. In the BFSI sector, banks and financial institutions, including American Express, offer rewards programs linked to credit card usage, providing cashback or travel perks to boost customer allegiance. By providing customized rewards and memorable experiences, these programs enable businesses to differentiate themselves, helping them retain customers in fiercely competitive markets where consumers have countless options, ultimately promoting long-term loyalty and profitability. Request Sample Pages@ BFSI vertical segment is expected to have the largest market size during the forecast period. BFSI organizations have long acknowledged the value of loyalty programs in retaining high-value customers, cross-selling products, and minimizing churn. The primary role of loyalty in BFSI is to foster trust and long-term relationships through personalized rewards, exclusive offers, and seamless integration with financial products. The sector is propelled by early adoption, significant investment in technology, and the high lifetime value of financial customers. Credit card rewards, banking loyalty programs, and insurance incentives are deeply integrated into customer engagement strategies, bolstered by robust data analytics and personalization capabilities. The professional services segment is expected to have the largest market size during the forecast period. Professional services encompass consulting, implementation, and ongoing support. These services are vital for brands aiming to design, launch, and optimize advanced loyalty programs tailored to their unique needs. The purpose of professional services is to bridge the gap between technology and business objectives, ensuring that loyalty solutions are seamlessly integrated with current systems and aligned with broader customer experience strategies. The rapid growth of this segment is driven by the increasing complexity of loyalty technology, the need for specialized expertise in AI and personalization, and the demand for continuous program optimization. As brands work to differentiate themselves and maximize ROI, professional services are becoming essential partners in the loyalty ecosystem. Inquire Before Buying@ Asia Pacific to register fastest growth rate during forecast period The Loyalty Management Market in Asia Pacific is experiencing rapid growth, driven by the region's high digital adoption and mobile-first consumer base. Countries such as India, China, and Singapore are at the forefront, where smartphone penetration exceeds 80%, enabling brands to seamlessly deploy mobile-based loyalty programs. For instance, platforms like Capillary Technologies cater to regional giants such as Unilever, offering affordable, AI-driven solutions that personalize customer experiences. The rise of e-commerce, with platforms like Shopee and Lazada integrating loyalty features, further fuels market expansion. Additionally, cultural preferences for gamification and instant rewards resonate strongly, as demonstrated in programs offering digital badges or cashback. Government initiatives promoting digital payments, such as India's UPI, enhance the adoption of loyalty programs linked to transactions. Asia Pacific's tech-savvy population positions it as a high-growth market for loyalty management solutions. Top Key Companies in Loyalty Management Market: The report profiles key players, such as Epsilon (US), Oracle (US), Comarch (Poland), Bond Brand Loyalty (Canada), Merkle (US), Capillary (Singapore), AIR MILES Loyalty (Canada), Ebbo (US), Annex Cloud (US), Apex Loyalty (US). Browse Adjacent Markets: Software and Services Market Research Reports & Consulting Related Reports: Smart Warehousing Market - Global Forecast to 2030 Application Lifecycle Management Market - Global Forecast to 2029 MarTech Market- Global Forecast to 2030 Simulation Software Market- Global Forecast to 2030 Application Modernization Services Market- Global Forecast to 2029 Get access to the latest updates on Loyalty Management Companies and Loyalty Management Industry About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Yahoo
4 days ago
- Business
- Yahoo
Digital Railway Market worth $127.54 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 16, 2025 /PRNewswire/ -- The Digital Railway Market is estimated to be USD 82.76 billion in 2025 and is projected to reach USD 127.54 billion by 2030, registering a CAGR of 9.0% from 2025 to 2030, according to a new report by MarketsandMarkets™. The demand for advanced transportation systems, commuters' mobility, and general transportation services, such as urban freight and personal mobility, is constantly increasing based on various geopolitical, economic, and environmental factors. Urbanization, global population growth, climate change, mitigating environmental impacts associated with personal vehicle use, and the demand for mobility have put significant pressure on modern cities and economies. With the growing issues of sustainability and urbanization and with more scrutiny on transportation emissions, digital railways are developing as a critical pillar of future-ready mobility ecosystems with strong policy support. Digital railways can support energy-efficient travel as they incorporate systems and technologies such as automated train operation systems, eco-driving systems, and other energy-saving measures to decrease fuel emissions. Browse in-depth TOC on 'Digital Railway Market' 218 – Tables 55 – Figures263 – Pages Download PDF Brochure @ Scope of the Report Report Metrics Details Market size available for years 2019–2030 Base year considered 2024 Forecast period 2025–2030 Forecast units Value (USD Billion) Segments covered Offering, Application, and Region Regions covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America Companies covered The major players in the Digital Railway Market are Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Fujitsu (Japan), Toshiba (Japan), DXC (US), Nokia (Finland), Advantech (Taiwan), Televic (Belgium), Uptake (US), Tego (US), KONUX (Germany), Aitek S.p.A. (Italy), Assetic (Australia), Machines With Vision (UK), Delphisonic (US), Passio Technologies (US), Atkins (UK), CloudMoyo (US), RailTel (India), ZEDAS (Germany), Simpleway (US), EKE Electronics (Finland), and r2p (Germany). Passenger information system to witness fastest growth rate during forecast period. Passenger Information Systems (PIS) play a crucial role in enhancing the travel experience by delivering timely and accurate real-time journey information. This helps passengers stay informed and respond effectively to any disruptions. One significant advantage of a PIS is its future-proof nature. The system offers innovative software and support services that are designed to evolve and function reliably throughout the anticipated lifespan of the train. PIS provides real-time information access in a timely manner, which improves passenger satisfaction and broadens access to public transportation. Additionally, by facilitating easier access to public transport, PIS promotes the use of environmentally friendly mobility solutions, contributing to the goals of smart and efficient transportation. Request Sample Pages@ Workforce management segment to witness highest growth rate during forecast period. Workforce management software in virtual railroads ensures that businesses operate efficiently and safely by streamlining how human resources are allocated and tracked. Staff utilization, service reliability, safety adherence, and, eventually, more resilient and digitalized railway systems are enhanced through these digital solutions. One of the main purposes of these systems is to provide automated scheduling and rostering. It allows railway companies to schedule their drivers, manage crews, station staff, and control room staff shifts in a way that is compliant with labor laws, labor qualifications, and availability of workers. Automated scheduling will eliminate human error, enforce neutrality in the scheduling of work, and ensure compliance with contractual obligations. Furthermore, the real-time location of people using GPS and IoT will allow supervision to locate workers, expedite movements by responding to incidents, and reallocate staff when there is an emergency or a disruption. Asia Pacific to register fastest growth rate during forecast period. In the Asia Pacific region, the Digital Railway Market is projected to experience significant growth due to the area's proactive adoption of technological advancements and substantial capital investments, particularly in its emerging economies. Australia, Singapore, China, Japan, South Korea, Hong Kong, and India are some of the key nations taking giant steps toward achieving digital transformation in their railway areas. This includes the large-scale adoption of smart ticketing systems, passenger information systems that can be accessed through mobile programs, and advanced signaling and communication systems. There has been a notable rise in the deployment of AI-based solutions aimed at optimizing train schedules and enhancing operational efficiency within the largest railway networks in the Asia Pacific region. In August 2024, Dhaya Maju Infrastructure Sendirian Berhad (Sdn Bhd) of Malaysia inked an MoU with India's Rail Vikas Nigam Limited (RVNL) to cooperate in the sphere of railway infrastructure and services. The cooperation entails projects to build a manufacturing base in Malaysia for railway coaches and allied products to cater to the increasing demand of the railway sector. Inquire Before Buying@ Top Key Companies in Digital Railway Market: The report profiles key players, such as Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Advantech (Taiwan), Fujitsu (Japan), and Toshiba (Japan). Browse Adjacent Markets: Smart Infrastructure Market Research Reports & Consulting Related Reports: Traffic Management Market - Global Forecast to 2029 Smart Transportation Market - Global Forecast to 2029 Smart Stadiums Market - Global Forecast to 2030 Location Based Entertainment Market - Global Forecast to 2028 Parking Management Market - Global Forecast to 2029 Get access to the latest updates on Digital Railway Companies and Digital Railway Industry About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Digital Railway Market worth $127.54 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 16, 2025 /PRNewswire/ -- The Digital Railway Market is estimated to be USD 82.76 billion in 2025 and is projected to reach USD 127.54 billion by 2030, registering a CAGR of 9.0% from 2025 to 2030, according to a new report by MarketsandMarkets™. The demand for advanced transportation systems, commuters' mobility, and general transportation services, such as urban freight and personal mobility, is constantly increasing based on various geopolitical, economic, and environmental factors. Urbanization, global population growth, climate change, mitigating environmental impacts associated with personal vehicle use, and the demand for mobility have put significant pressure on modern cities and economies. With the growing issues of sustainability and urbanization and with more scrutiny on transportation emissions, digital railways are developing as a critical pillar of future-ready mobility ecosystems with strong policy support. Digital railways can support energy-efficient travel as they incorporate systems and technologies such as automated train operation systems, eco-driving systems, and other energy-saving measures to decrease fuel emissions. Browse in-depth TOC on 'Digital Railway Market' 218 – Tables 55 – Figures263 – Pages Download PDF Brochure @ Scope of the Report Report Metrics Details Market size available for years 2019–2030 Base year considered 2024 Forecast period 2025–2030 Forecast units Value (USD Billion) Segments covered Offering, Application, and Region Regions covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America Companies covered The major players in the Digital Railway Market are Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Fujitsu (Japan), Toshiba (Japan), DXC (US), Nokia (Finland), Advantech (Taiwan), Televic (Belgium), Uptake (US), Tego (US), KONUX (Germany), Aitek S.p.A. (Italy), Assetic (Australia), Machines With Vision (UK), Delphisonic (US), Passio Technologies (US), Atkins (UK), CloudMoyo (US), RailTel (India), ZEDAS (Germany), Simpleway (US), EKE Electronics (Finland), and r2p (Germany). Passenger information system to witness fastest growth rate during forecast period. Passenger Information Systems (PIS) play a crucial role in enhancing the travel experience by delivering timely and accurate real-time journey information. This helps passengers stay informed and respond effectively to any disruptions. One significant advantage of a PIS is its future-proof nature. The system offers innovative software and support services that are designed to evolve and function reliably throughout the anticipated lifespan of the train. PIS provides real-time information access in a timely manner, which improves passenger satisfaction and broadens access to public transportation. Additionally, by facilitating easier access to public transport, PIS promotes the use of environmentally friendly mobility solutions, contributing to the goals of smart and efficient transportation. Request Sample Pages@ Workforce management segment to witness highest growth rate during forecast period. Workforce management software in virtual railroads ensures that businesses operate efficiently and safely by streamlining how human resources are allocated and tracked. Staff utilization, service reliability, safety adherence, and, eventually, more resilient and digitalized railway systems are enhanced through these digital solutions. One of the main purposes of these systems is to provide automated scheduling and rostering. It allows railway companies to schedule their drivers, manage crews, station staff, and control room staff shifts in a way that is compliant with labor laws, labor qualifications, and availability of workers. Automated scheduling will eliminate human error, enforce neutrality in the scheduling of work, and ensure compliance with contractual obligations. Furthermore, the real-time location of people using GPS and IoT will allow supervision to locate workers, expedite movements by responding to incidents, and reallocate staff when there is an emergency or a disruption. Asia Pacific to register fastest growth rate during forecast period. In the Asia Pacific region, the Digital Railway Market is projected to experience significant growth due to the area's proactive adoption of technological advancements and substantial capital investments, particularly in its emerging economies. Australia, Singapore, China, Japan, South Korea, Hong Kong, and India are some of the key nations taking giant steps toward achieving digital transformation in their railway areas. This includes the large-scale adoption of smart ticketing systems, passenger information systems that can be accessed through mobile programs, and advanced signaling and communication systems. There has been a notable rise in the deployment of AI-based solutions aimed at optimizing train schedules and enhancing operational efficiency within the largest railway networks in the Asia Pacific region. In August 2024, Dhaya Maju Infrastructure Sendirian Berhad (Sdn Bhd) of Malaysia inked an MoU with India's Rail Vikas Nigam Limited (RVNL) to cooperate in the sphere of railway infrastructure and services. The cooperation entails projects to build a manufacturing base in Malaysia for railway coaches and allied products to cater to the increasing demand of the railway sector. Inquire Before Buying@ Top Key Companies in Digital Railway Market: The report profiles key players, such as Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Advantech (Taiwan), Fujitsu (Japan), and Toshiba (Japan). Browse Adjacent Markets: Smart Infrastructure Market Research Reports & Consulting Related Reports: Traffic Management Market - Global Forecast to 2029 Smart Transportation Market - Global Forecast to 2029 Smart Stadiums Market - Global Forecast to 2030 Location Based Entertainment Market - Global Forecast to 2028 Parking Management Market - Global Forecast to 2029 Get access to the latest updates on Digital Railway Companies and Digital Railway Industry About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. 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