INTELLIGENT RAIL TRANSIT MARKET Challenges and Opportunities

Legacy rail systems around the world have been operational for decades and upgrading them to incorporate new intelligent and automated features presents a formidable challenge for manufacturers and operators. Existing infrastructure and signaling systems will need to be seamlessly integrated with new intelligent components such as onboard controllers, sensors, computer systems and communication networks. Ensuring backward compatibility and interoperability with existing rolling stock and wayside equipment is complex and time consuming.

Market Opportunity: Integration of 5G Network and Wireless Communication Creates a Pool of Opportunities

The advent of high-speed 5G communication networks provide a huge opportunity for intelligent rail systems to leverage wireless connectivity. Advanced applications such as predictive maintenance, remote monitoring, conditional-based overhaul, transit mobile apps, on-board infotainment and autonomous train operations can be fully realized by leveraging the low-latency, high-bandwidth 5G infrastructure. Rail networks will now be able to support mission-critical control and safety systems over wireless networks. Real-time collection and analysis of rail asset performance data through integrated IoT solutions promises to enhance efficiency, lower costs and facilitate smart mobility services.