The Europe Railway Management System Market would witness market growth of 8.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Railway Management System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6.52 billion by 2031. The UK market is exhibiting a CAGR of 7.5% during 2024-2031. Additionally, the France market would experience a CAGR of 9.3% during 2024-2031.
RMS includes video surveillance systems, access control mechanisms, emergency communication tools, and incident management protocols to detect and respond to safety and security threats effectively. Likewise, RMS facilitates the maintenance and management of railway infrastructure, rolling stock, and other assets.
Moreover, it has predictive maintenance features that use information from sensors and Internet of Things (IoT) devices to foresee and stop equipment breakdowns, save downtime, and increase asset longevity. RMS also supports inventory management, maintenance scheduling, and asset tracking to ensure optimal performance and reliability.
With the push towards electrifying more railway lines across Europe, there is a growing demand for sophisticated planning and management systems to oversee electrification projects. Railway management systems play a crucial role in coordinating the planning, design, and implementation of electrification initiatives, ensuring seamless integration with existing infrastructure, and optimizing the operation of electrified railway networks. According to the Eurostat, in 2022, Luxembourg had the highest share of electrified railway lines in the EU, with 96.7%, followed by Belgium (88.0%) and Sweden (75.0%), each with shares well above the EU average of 56.9%.
The Germany market dominated the Europe Railway Management System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6.52 billion by 2031. The UK market is exhibiting a CAGR of 7.5% during 2024-2031. Additionally, the France market would experience a CAGR of 9.3% during 2024-2031.
RMS includes video surveillance systems, access control mechanisms, emergency communication tools, and incident management protocols to detect and respond to safety and security threats effectively. Likewise, RMS facilitates the maintenance and management of railway infrastructure, rolling stock, and other assets.
Moreover, it has predictive maintenance features that use information from sensors and Internet of Things (IoT) devices to foresee and stop equipment breakdowns, save downtime, and increase asset longevity. RMS also supports inventory management, maintenance scheduling, and asset tracking to ensure optimal performance and reliability.
With the push towards electrifying more railway lines across Europe, there is a growing demand for sophisticated planning and management systems to oversee electrification projects. Railway management systems play a crucial role in coordinating the planning, design, and implementation of electrification initiatives, ensuring seamless integration with existing infrastructure, and optimizing the operation of electrified railway networks. According to the Eurostat, in 2022, Luxembourg had the highest share of electrified railway lines in the EU, with 96.7%, followed by Belgium (88.0%) and Sweden (75.0%), each with shares well above the EU average of 56.9%.
List of Key Companies Profiled
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Siemens AG
- Hitachi, Ltd.
- Wabtec Corporation
- Cisco Systems, Inc.
- ABB Ltd.
- IBM Corporation
- Honeywell International, Inc.
- BAE Systems PLC
- Advantech Co., Ltd.
Market Report Segmentation
By Offering
- Solutions
- Rail Traffic Management
- Signaling Solutions
- Real-Time Train Planning & Route Scheduling/Optimizing
- Positive Train Control (PTC)
- Centralized Traffic Control
- Rail Communications-Based Train Control (CBTC)
- Others
- Rail Operations Management
- Asset Management
- Enterprise Asset Management (EAM)
- Field Service Management
- Asset Performance Management (APM)
- Others
- Intelligent In-Train Solutions
- Others
- Services
- Support & Maintenance Services
- System Integration & Deployment Services
- Consulting Services
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Railway Management System Market by Offering
Chapter 6. Europe Railway Management System Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Siemens AG
- Hitachi, Ltd.
- Wabtec Corporation
- Cisco Systems, Inc.
- ABB Ltd.
- IBM Corporation
- Honeywell International, Inc.
- BAE Systems PLC
- Advantech Co., Ltd.
Methodology
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