Description
Smart Railway Market Forecast till 2027
As per the MRFR analysis, Global Smart Railway Market is expected to reach a substantial market expansion during the review period. In this rapidly expanding digital world railway sector is also emerging to this change. Digitalization in the rail line industry guarantees functional productivity, maintainability, further developed client experience, and consumer loyalty, which used to be the foremost worries railroad administrators overall was looking up to this point. Urbanization, expanding portability, and higher wellbeing and supportability guidelines have prompted a seriously requesting battleground.
Smart railways offer progressed and solid administrations that upgrade functional proficiency, traveler experience, and exceptional yields on speculations (ROI). Expanding interest for productive and more secure driving administrations makes significant smart railroad market interest. Also, the expanding reception of IoT innovation and the developing interest for cloud-based administrations encourage the smart rail line market development. However, the lack of ICT Infrastructure in the Railway industry is expected to hamper the global market in the future.
Market Segmentation
The global railway management system market is classified into type, component, solution, services, and region.
The type segment is further bifurcated into the station and onboard type. The component segment is sub-segmented into multimedia infotainment displays, networking & connectivity devices, video surveillance cameras, and others.
The solution segment is categorized into passenger information systems, advanced security monitoring systems, rail communication & networking systems, rail analytics systems, freight information systems, and smart ticketing systems. The services segment is sub-segmented into consulting services, system integration & deployment, and support & maintenance.
Regional Analysis
Geographically, the market has been divided into North America, Europe, Asia Pacific, and the Rest of the world.
Europe contributes the largest market of smart railway market. The regional market growth is attributed to the presence of high-end train manufacturers and an encouraging market for luxury autonomous trains. Moreover, the adoption of IoT technology, fast economic growth, and significant investments in smart railways projects by the government enhance the market growth in Europe.
North America is the second-biggest market for smart railways. The smart railways market in North America is encountering tremendous interest because of the expanding infiltration of trendsetting innovations. Moreover, the expanding versatility and advancements, and innovation overhauls regarding railroad framework are cultivating the development of the smart railways market.
The Asia Pacific locale is a quickly developing business sector for smart railways. The increment in R&D speculations for the advancement of independent trains supports the development of the provincial market. Plus, rising purchaser inclination and government spending to execute elite execution prepare emphatically sway the territorial market development. In addition, expanding smart city projects, including smart railways and smart emergency clinics, impact market development.
COVID 19 Impacts
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Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 LIST OF ASSUMPTIONS
3.3 FORECAST MODEL
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING ADOPTION OF IOT
4.2.2 GROWING DEMAND FOR CLOUD-BASED SERVICES
4.2.3 INCREASING GROWTH OF HYPER-URBANIZATION
4.2.4 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 LACK OF ICT INFRASTRUCTURE
4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 EMERGING TREND OF SMART CITIES
5 MARKET FACTOR ANALYSIS
5.1 SMART RAILWAYS INFRASTRUCTURE FRAMEWORK
5.2 SUPPLY CHAIN ANALYSIS – GLOBAL SMART RAILWAYS MARKET
5.2.1 OEMS AND ODMS
5.2.2 HARDWARE AND CONTROL SYSTEMS
5.2.3 SOFTWARE/APPLICATION DEVELOPERS
5.2.4 NETWORK & CLOUD SERVICES
5.2.5 SYSTEM INTEGRATORS
5.2.6 END-USERS
5.3 PORTER’S FIVE FORCES MODEL
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 INTENSITY OF RIVALRY
6 GLOBAL SMART RAILWAY MARKET, BY TYPE
6.1 OVERVIEW
6.2 STATION TYPE BY SUB-SEGMENT
6.2.1 BY COMPONENT
6.2.2 BY SERVICE
6.2.3 BY SOLUTION
6.3 ON-BOARD TRAINS, BY SUB-SEGMENT
6.3.1 BY COMPONENT
6.3.2 BY SERVICE
6.3.3 BY SOLUTION
7 GLOBAL SMART RAILWAY MARKET, BY COMPONENT
7.1 INTRODUCTION
7.2 NETWORKING & CONNECTIVITY DEVICES
7.3 CONTROL AND MAINTENANCE
7.4 VIDEO SURVEILLANCE CAMERAS
7.5 MULTIMEDIA INFOTAINMENT DEVICES
7.6 OTHERS
8 GLOBAL SMART RAILWAY MARKET, BY SERVICES
8.1 INTRODUCTION
8.2 CONSULTING SERVICES
8.3 SYSTEM INTEGRATION & DEPLOYMENT
8.4 SUPPORT & MAINTENANCE
9 GLOBAL SMART RAILWAY MARKET, BY SOLUTION
9.1 INTRODUCTION
9.2 SMART TICKETING SYSTEM
9.3 RAIL COMMUNICATION & NETWORKING SYSTEM
9.4 ADVANCED SECURITY MONITORING SYSTEM
9.5 PASSENGER INFORMATION SYSTEM
9.6 RAIL ANALYTICS SYSTEM
9.7 FREIGHT INFORMATION SYSTEM
10 SMART RAILWAY MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US.
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 UK
10.3.2 GERMANY
10.3.3 REST OF EUROPE
10.3.4 FRANCE
10.4 ASIA-PACIFIC
10.4.1 JAPAN
10.4.2 CHINA
10.4.3 REST OF ASIA-PACIFIC
10.4.4 INDIA
10.5 REST OF THE WORLD (ROW)
10.5.1 THE MIDDLE EAST & AFRICA
10.5.2 SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE LANDSCAPE
12 COMPANY PROFILE
12.1 ALSTOM SA
12.1.1 COMPANY OVERVIEW
12.1.2 FINANCIAL OVERVIEW
12.1.3 PRODUCTS OFFERINGS
12.1.4 KEY DEVELOPMENTS (2020–2027)
12.1.5 SWOT ANALYSIS
12.1.6 KEY STRATEGIES
12.2 CISCO SYSTEMS INC
12.2.1 COMPANY OVERVIEW
12.2.2 FINANCIAL OVERVIEW
12.2.3 PRODUCTS OFFERINGS
12.2.4 KEY DEVELOPMENTS (2020–2027)
12.2.5 SWOT ANALYSIS
12.2.6 KEY STRATEGIES
12.3 GENERAL ELECTRIC
12.3.1 COMPANY OVERVIEW
12.3.2 FINANCIAL OVERVIEW
12.3.3 PRODUCTS OFFERINGS
12.3.4 KEY DEVELOPMENTS (2020–2027)
12.3.5 SWOT ANALYSIS
12.3.6 KEY STRATEGIES
12.4 IBM CORPORATION
12.4.1 COMPANY OVERVIEW
12.4.2 FINANCIAL OVERVIEW
12.4.3 PRODUCTS OFFERINGS
12.4.4 KEY DEVELOPMENTS (2020–2027)
12.4.5 SWOT ANALYSIS
12.4.6 KEY STRATEGIES
12.5 HITACHI LTD
12.5.1 COMPANY OVERVIEW
12.5.2 FINANCIAL OVERVIEW
12.5.3 PRODUCTS OFFERINGS
12.5.4 KEY DEVELOPMENTS
12.5.5 SWOT ANALYSIS
12.5.6 KEY STRATEGIES
12.6 HUAWEI TECHNOLOGIES CO. LTD
12.6.1 COMPANY OVERVIEW
12.6.2 FINANCIAL OVERVIEW
12.6.3 PRODUCTS OFFERINGS
12.6.4 KEY DEVELOPMENTS
12.6.5 SWOT ANALYSIS
12.6.6 KEY STRATEGIES
12.7 SIEMENS AG
12.7.1 COMPANY OVERVIEW
12.7.2 FINANCIAL OVERVIEW
12.7.3 PRODUCTS OFFERINGS
12.7.4 KEY DEVELOPMENTS (2020–2027)
12.7.5 SWOT ANALYSIS
12.7.6 KEY STRATEGIES
12.8 BOMBARDIER, INC.
12.8.1 COMPANY OVERVIEW
12.8.2 FINANCIAL OVERVIEW
12.8.3 PRODUCTS OFFERINGS
12.8.4 KEY DEVELOPMENTS
12.8.5 SWOT ANALYSIS
12.8.6 KEY STRATEGIES
12.9 INDRA SISTEMAS SA
12.9.1 COMPANY OVERVIEW
12.9.2 FINANCIAL OVERVIEW
12.9.3 PRODUCTS OFFERINGS
12.9.4 KEY DEVELOPMENTS
12.9.5 SWOT ANALYSIS
12.9.6 KEY STRATEGIES
12.10 ABB LTD
12.10.1 COMPANY OVERVIEW
12.10.2 FINANCIAL OVERVIEW
12.10.3 PRODUCTS OFFERINGS
12.10.4 KEY DEVELOPMENTS (2020–2027)
12.10.5 SWOT ANALYSIS
12.10.6 KEY STRATEGIES
12.11 TELESTE
12.11.1 COMPANY OVERVIEW
12.11.2 FINANCIAL OVERVIEW
12.11.3 PRODUCTS OFFERINGS
12.11.4 KEY DEVELOPMENTS (2020–2027)
12.11.5 SWOT ANALYSIS
12.11.6 KEY STRATEGIES
12.12 THALES GROUP
12.12.1 COMPANY OVERVIEW
12.12.2 FINANCIAL OVERVIEW
12.12.3 PRODUCTS OFFERINGS
12.12.4 KEY DEVELOPMENTS (2020–2027)
Companies Mentioned
Cisco Systems, Inc. (US), Alstom SA (France), Bombardier, Inc. (Canada), Siemens AG (Germany), Indra Sistemas SA (Spain), General Electric Inc. (US), Hitachi Limited (Japan), International Business Machines Corporation (US), Huawei Technologies Co. Ltd (China), Thales Group (France), Teleste (Finland)
