Smart Railways Market to Reach USD 54.31 Billion by 2030, Fueled by AI, IoT, and Digital Rail Transformation | Report by MarketsandMarkets™

The MarketsandMarkets report forecasts the global smart railways market will rise from $33.72 billion in 2024 to $36.49 billion in 2025 and reach $54.31 billion by 2030, growing at a CAGR of 8.3%. The study attributes momentum to government support and infrastructure upgrades, including national and regional plans across Asia, Europe and the Middle East. Examples cited include Europe’s ERTMS, India’s National Rail Plan and China’s high-speed rail projects. The report links adoption to connected platforms, AI-enabled CCTV, digital twins and energy-efficient propulsion, enabled by public funding and public-private partnerships, plus regulatory efforts on data interoperability and cybersecurity. It also expects smart ticketing solutions and video surveillance/analytics to post the fastest growth.