Chicago, Oct. 21, 2022 (GLOBE NEWSWIRE) — Rail Cyber Security Market is valued at USD 6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% over the forecast period to reach USD 10.6 billion by 2027, according to a new report by MarketsandMarkets.
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Various countries have recognized that the development of railway infrastructure is one of the most important factors in economic development. Therefore, a number of countries and OEMs are investing heavily in rail cybersecurity infrastructure. For example, in 2019 Wabtec introduced two new offers to modernize its 23,000 locomotives installed worldwide. Wabtec has developed FDL Advantage, a fuel-efficient engine upgrade package for its FDL locomotive platform. Another offering is the Modular Control Architecture – Fleet Migration (MCA FM), a next generation control system replacement applicable in all Wabtec locomotives. Both solutions have next-generation data and software capabilities. Countries are adopting different technologies in their transport infrastructure and are focusing on R&D and innovation in rail infrastructure technology to address future mobility challenges.
It is estimated that the on-board solution will hold the larger market share by type during the forecast period
On-board railway cybersecurity is forecast to grow at a higher CAGR by type over the forecast period for the railway cybersecurity market. The number of rapid transit trains, mainly equipped with advanced onboard systems for safety and comfort, is increasing. These advanced features include an infotainment system, automatic doors and IP cameras. The number of advanced components in onboard rail systems will increase due to the demand for comfort…
