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Railway Wiring Harness Market Insight | Key Players: Hitachi Ltd. (Japan), Prysmian Group (Italy), TE Connectivity (Switzerland), Leoni (Germany), Nexans (France)

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Railway Wiring Harness Market Insight | Key Players: Hitachi Ltd. (Japan), Prysmian Group (Italy), TE Connectivity (Switzerland), Leoni (Germany), Nexans (France)

June 17
22:10 2022
Railway Wiring Harness Market by Application (HVAC, Lighting, Traction System, Infotainment), Material, Train (Metro/Monorail, Light Rail, HRS), Component (Wire, Connector), Voltage (High, Low), Cable, Wire length,End Use and Region

The global Railway Wiring Harness Market is estimated to be USD 1.5 billion in 2021 and is projected to reach USD 1.9 billion by 2026, at a CAGR of 4.6% during the forecast period. 

The wire segment is expected to be the largest and fastest-growing market due to the increasing number of electronic systems in a train and the rising trend of driverless trains. Increasing urbanization, rising demand for increased connectivity, and the comfort, reliability, and safety offered by rail transport have led to the growth of wire components for rail transportation. Rolling stock plays a vital role in the infrastructure of a city or a country. There is a rising demand for convenient, eco-friendly, and safe modes of transportation from commuters and governments. For instance, in 2020, China announced investments of USD 14 billion for Intercity transportation and high-speed rail projects. In 2020, 24 European countries came together to boost international rail routes and provide international services for passengers who travel in a range of 300 km-800 km such as digital solutions for complex ticketing systems for multiple journeys. This is expected to boost the passenger transportation market in the coming years. Thus, with growing applications of wiring harnesses in railways, wiring with different lengths would witness significant demand.

The infotainment segment of the market is projected to grow at the highest during the forecast period. The rising demand for advanced technology infotainment systems such as automatic passenger info boards, voice assistants, etc. is expected to drive the global railway wiring harness market.

The infotainment system is capable of simultaneously receiving and analysing the real-time piece of information referring to rail connections, and business news, while fluently integrating the train onboard displays individually each train equipped with the GPS system. With such growth in electronics systems on board, the demand for wiring harnesses would increase significantly over the forecast period.

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In 2021, PIS (Passenger Information System) company in Europe contacted Lanner to come up with a rail computer to function as the onboard display control system. Once the integration with the whole train system is established, the PIS will work as an onboard unit behind digital signage to deliver audio-visual content for trains passing through Mont Blanc between France and Italy. On the other hand, the onboard PIS will be linked with display devices like LED signs and client LCD infotainment in each passenger car through a serial or USB interface for real-time playback diagnosis.

Passenger information solutions, based on innovative technologies, are constantly developing to the benefit of passengers providing them with a relaxing journey and real-time information. Onboard displays show relevant trip information such as travel speed, arrival time and transfer information. The latest solutions combine this type of information with entertainment while presenting the latest news, weather forecasts, sports information, as well as financial news. Growing demand for real-time information is driving the growth of the railway wiring harness market for infotainment applications.

Opportunity: Growing Trend of Driverless Trains

Developed countries have initiated plans for the advancement of driverless train networks, which is expected to propel the growth of the transportation sector. Countries such as China, India, South Korea, the US, the UK, Mexico, Brazil, and South Africa are planning to revolutionize their rail networks with the introduction of driverless trains. Rail manufacturers are expanding geographically by investing in infrastructure for the manufacture of driverless trains. Developed regions like North America and Europe are improving the safety and security of railways by retrofitting trains and replacing existing systems with advanced systems. These retrofitting and deployment of new driverless trains require an extensive amount of wiring, which creates a huge opportunity for the growth of the railway wiring harness market. For example, in the European region, a new initiative known as the fourth railway package has been undertaken to create a single European rail area with structural and technical reforms. The initiative aims at providing high levels of safety, interoperability, and reliability to the European rail network. These developments are expected to boost the market for the railway wiring harness. In 2018, the International Association of Public Transport (UITP) Observatory of Automated Metros, the body commissioned to disseminate and share knowledge about automated metro lines, announced that driverless metros across the world have surpassed a total of 1,000km. The opening of the Pujiang Line in Shanghai, China helped achieved this milestone, and there are 63 fully automated operations (FAO) lines in 42 cities across 19 countries in the world. Asia and Europe contribute 75% of the kilometres of fully automated metro lines, while Europe is expected to host 26% of the growth expected over the next decade, mainly in conversion projects. In May 2020, the German Federal Ministry of Economics presented Alstom with the “Innovation Prize for Regulatory Sandboxes”*, related to a planned test project to implement Automatic Train Operation (ATO) in the daily passenger operation of regional trains. The project will begin in 2021 together with the Regional Association of the greater area of Braunschweig, the German Aerospace Center (DLR), and the Technical University of Berlin (TU Berlin).

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