Global Forecast for the Smart Railways Market (2020 to 2024) - Ranking of the Top Players - ResearchAndMarkets.com

DUBLIN--()--The "Smart Railways Market by Solution (Rail Asset Management & Maintenance, Operation & Control, PIS, Communication & Networking, Security & Safety, and Rail Analytics) and Service (Professional and Managed), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The smart railways market is forecast to grow from USD 20.5 billion in 2019 to USD 39 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.7% from 2019 to 2024.

The technological advancement targeted toward the enhancement of customer experience, government initiatives for smart cities and Public-private partnership (PPP) working model, and adoption of Internet of Things (IoT) and automation technologies to enhance optimization are the factors considered to be driving the growth of the smart railways market.

By offering, the solutions segment to account for a higher market share during the forecast period

Solutions play a crucial role in handling all railways operations-related activities that include moving goods from the suppliers to the place of production and eventually to the end user. To ensure that the raw materials or finished goods reach the market on time and to improve the operational efficiency, railways management systems and connectivity solutions are necessary. The solutions systematically support action plans for reducing traffic congestion, efficient signaling over traffic, and managing ticket collection and security system.

By solution, the rail communication and networking system segment to hold the largest market size in 2019

The rail communication and networking system segment involves voice and data between the train and track equipment for better traffic and infrastructure management. Rail communication and networking system provides the most secured communication among all railway operation management facilities and data networks, as well as effective communication in remote areas, such as rail construction sites or natural disaster sites. Railway communication systems provide reliable transmission of signaling, voice, video, and data traffic along railway lines and across backbone transmission networks. Rail communication and networking system provides secured communication among all railway operation management facilities and data networks. These are the factors contributing to the growth of the rail communication and networking system segment of the smart railways market.

By region, Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) is estimated to be the fastest-growing region in terms of the growth of the smart railways market, due to a rise in the adoption of new technologies, higher investments for digital transformation, and the growth in Gross Domestic Product (GDP) of the APAC countries. A majority of potential economies in the region, including Australia, Singapore, China, Korea, Hong Kong, and India, are expected to rapidly invest in the technological transformation of rail infrastructure. The high population growth rate in the region has intensified the need to transform and expand the existing rail infrastructure.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Smart Railways Market

4.2 Market in Europe, By Offering and Country

4.3 Market Major Countries

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Technological Advancement Targeted Toward Enhancement of Customer Experience

5.2.1.2 Government Initiatives for Smart Cities and PPP Working Models

5.2.1.3 Adoption of IoT as Well as Automation Technologies to Enhance Optimization

5.2.2 Restraints

5.2.2.1 High Initial Cost of Deployment

5.2.2.2 Lack of Technology Infrastructure and Interoperability

5.2.3 Opportunities

5.2.3.1 Autonomous Trains to Provide Growth Opportunities for Smart Railways Solution Providers

5.2.4 Challenges

5.2.4.1 Integration Complexities of Legacy Systems and Networks

5.3 Industry Trends

5.3.1 Evolution

5.3.2 Value Chain Analysis

5.4 Case Studies

5.4.1 Case Study 1: Cisco, Davra Networks, and Intel Deliver Edge Analytics to San Diego Metropolitan Transit System

5.4.2 Case Study 2: Bane Nor Selected Thales to Provide Next-Generation Nationwide Traffic Management System

5.4.3 Case Study 3: Intelligent Software System By Huawei Analyzes Data, Improves Surveillance Efficiency, and Implements Convenient Surveillance Management Solutions for Qinghai-Tibet Railway

6 Smart Railways Market By Offering

6.1 Introduction

6.2 Solutions

6.2.1 Passenger Information System

6.2.1.1 Multimedia Information and Entertainment

6.2.1.2 Network Connectivity

6.2.2 Freight Management System

6.2.2.1 Freight Operation Management

6.2.2.2 Freight Tracking

6.2.3 Security and Safety Solutions

6.2.3.1 Video Surveillance and Analytics

6.2.3.2 Intrusion Detection

6.2.3.3 Access Control

6.2.3.4 Fire Alarm and Voice Evacuation

6.2.3.5 Others

6.2.4 Rail Communication and Networking System

6.2.4.1 Ground-To-Train Communication

6.2.4.2 Train-To-Train Communication

6.2.5 Smart Ticketing System

6.2.5.1 Rising Demand to Simplify the Ticketing Process to Drive Demand for Smart Ticketing Solutions

6.2.6 Rail Analytics System

6.2.6.1 Emergence of Predictive Analytics to Drive Demand for Rail Analytics Systems in the Market

6.2.7 Rail Asset Management and Maintenance Solutions

6.2.7.1 Asset Planning and Scheduling

6.2.7.2 Workforce Management and Optimization

6.2.8 Rail Operation and Control Solutions

6.3 Services

7 Smart Railways Market, By Region

7.1 Introduction

7.2 North America

7.3 Europe

7.4 Asia Pacific

7.5 Middle East and Africa

7.6 Latin America

8 Competitive Landscape

8.1 Competitive Leadership Mapping

8.1.1 Visionary Leaders

8.1.2 Innovators

8.1.3 Dynamic Differentiators

8.1.4 Emerging Companies

8.2 Ranking of Top Players in the Smart Railways Market, 2019

9 Company Profiles

9.1 Introduction

9.2 Alstom

9.3 Cisco Systems

9.4 Wabtec

9.5 ABB

9.6 IBM

9.7 Hitachi

9.8 Huawei Technologies

9.9 Indra

9.10 Siemens

9.11 Honeywell

9.12 Bombardier

9.13 Thales

9.14 Advantech

9.15 Fujitsu

9.16 Toshiba

9.17 Alcatel-Lucent Enterprises

9.18 Moxa

9.19 EKE-Electronics

9.20 Televic

9.21 Aitek S.P.A.

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900