DUBLIN--(BUSINESS WIRE)--The "Railway Platform Security Market by Sensors (Radar, Microwave, & Infrared), Video Surveillance Systems (Camera, Video Management & Video Analytics), Alarm Systems & PSDs, Services, Applications (Subway & Trains) and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Growing need to minimize the risk of unauthorized access to platforms
The global railway platform security market size to grow from USD 1.7 billion in 2019 to USD 2.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period.
The security of railway passengers is interlinked with the security and safety of railway assets, such as railway platforms and trains. Minimizing unauthorized access with the help of control systems ensures a high level of security of passengers and goods at the platform. Various measures are implemented to restrict unauthorized access. These measures include fencing for railway tracks, installation of CCTVs at high-risk locations, the provision of information to risk groups, and the intensification of supervision.
Access control systems play an important role in preventing unauthorized access, as these systems automate entry and exit operations, and secure crucial areas. Moreover, the entry of unauthorized persons and a large number of visitors lead to unmanageable crowds on railway platforms, and the existence of unmanned multi-entry and exit points at stations causes security threats; hence, all these factors boost the need to minimize the risk of unauthorized access to platforms.
Among solutions, the platform edge doors/platform screen doors segment to grow at the highest CAGR during the forecast period
The term Platform Screen Doors (PSDs) is used to describe the provision of full height door systems, such as additional panels, to provide a complete seal between the platform and the track area of a station. These systems are normally required where climate control is the primary purpose, but they also provide a safety improvement as an additional benefit. Another type of system is named Platform Edge Doors (PEDs) as it does not form a complete division between platforms and tracks. Rather, the PED design forms a full or half height barrier along the platform edge but does not provide the air seal required for full climate control.
Under services, the professional services segment to hold a larger market size during the forecast period
The services offered by professionals, specialists, or experts to support businesses are known as professional services. These services include implementation and integration, and support and maintenance. Professionals use the latest techniques, comprehensive strategies, and skills to ensure the adoption of the right kind of security solutions required for railway platforms. They also offer assistance during the deployment of security solutions using industry-defined best practices.
Asia Pacific to be the fastest-growing region
Asia Pacific (APAC) is expected to be the fastest-growing region in the railway platform security market, due to the increasing adoption of advanced technologies, rising investments for digital transformation, and increasing GDP of APAC countries. A majority of the potential APAC economies such as Australia, Singapore, China, Korea, Hong Kong, and India are rapidly investing in technological transformation.
Market Dynamics
Drivers
- Growing Need to Minimize the Risk of Unauthorized Access to Platforms
- Rising Need for Enhanced Staff Security for Public and Passenger Safety
- Increasing Need for Additional Support and Advanced Solutions for Security Management
- Growing Need for Platform Security Due to the Increasing Instances of Suicides
Restraints
- Heavy Infrastructure Investments Required for Platform Security
Opportunities
- Smart City Initiatives Boost Platform Security
- Growing Public-Private Partnership Investment for Enhanced Platform Security
- Requirement of Object Identification Through Artificial Intelligence
Challenges
- Growing Privacy and Security Concerns Leading to Numerous Threats to Platform Security
- Rising Cases of False Alarms
Impact of Disruptive Technologies
- Artificial Intelligence
- Internet of Things
Connected Markets
- Physical Security Market
- Perimeter Intrusion Detection System Market
Emerging Safety Practices
- Platform Screen Doors
- Blue LED Lights and Mirrors
Company Profiles
- Honeywell
- Indra Sistemas
- Huawei
- Bosch
- Atos
- FLIR Systems
- Axis Communications
- Telent
- Dahua Technology
- Hikvision
- STANLEY Access Technology
- Wabtec Corporation
- L&T Technology Services
- Mitsubishi Electric
- Genetec
- Knorr-Bremse
- Nabtesco
- Senstar
- Avnet
- Anixter
For more information about this report visit https://www.researchandmarkets.com/r/gvf57
