Train And Components Manufacturing Global Market Forecast To 2022

Western Europe was the largest region in the global train and components manufacturing market, accounting for 41% of the market in 2018. Asia Pacific was the second largest region accounting for 36% of the global train and components manufacturing market. Africa was the smallest region in the global train and components manufacturing market.

Train and components manufacturers are implementing both AR and VR technologies to enable train component manufacturing companies to assess the performance of components and identify and minimize the defects faster, thereby enabling manufacturers to reduce operational costs. While AR is a real-time integration of digital information with the user’s environment, VR is a three-dimensional, computer generated environment that can be explored and interacted with. Both these technologies facilitate train and components manufacturers to accelerate and optimize their production, and minimize costs. For instance, in 2016, transport company Keolis Commuter Services launched smart glasses that use AR technology to link field staff at maintenance site and technicians at headquarters. This solution transmits images between two points via glasses to reduce maintenance time and costs. Similarly, Bombardier, a manufacturer of trains and aircrafts, uses VR technology to create a 3D model of its rail components and virtually test efficiency and performance of the component.

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