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Global high-speed rail is expected to grow at 5% annually and reach a market of more than US$110 billion by 2034. The growth is driven mainly by a continuous increasing demand for better, faster and more efficient transportation systems. The investments and advances in technologies are key drivers sustaining this growth globally. High-speed rail networks are expanding rapidly around the world.
In this article, I take a look at the history of high-speed rail and its evolution throughout the last seven decades in different parts of the world. Then I analyze the key factors, such as innovations, contributing to this growth and also the obstacles that must be overcome to catch up. Of course, it depends on strategic plans and whether there is any intention to move in that direction.
Full Article: IEEE Vehicular Technology Magazine, Volume 21, Number 1, March 2026
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