The analyst projects the smart railways market to grow from USD 28.9 billion in 2022 to USD 43.0 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period.
The requirement for urban connectivity is predicted to expand along with the integration of IoT-based solutions and the increased focus on emissions reduction, which will all contribute to the growth of the smart railway system. Providing appropriate transit capacity for rising volumes of products and people necessitates the introduction of smart solutions. Truly integrated and intermodal transport systems are anticipated to be made possible by trends including machine-to-machine technology, using embedded sensors, increasing computing power, and incorporating Big Data and the Internet of Things.
By offering, the solutions segment to account for a higher market share during the forecast period
A pivotal role is played by solutions in handling all railway operations-related activities that include entry, marking, handling, processing, and transit of goods from the supplier end to the manufacturing site and eventually to the consumer. The growing need to improve efficiency, reduce emissions, and minimize costs and productivity is driving the growth of the solutions segment. The solutions autonomously support the technician and other personnel in reducing traffic congestion, efficiently signaling over traffic, and managing ticket collection and monitoring security systems leading to a higher degree of competence and reduced expenses.
By services, the professional service segment to hold the largest market size in 2022
Professional services offer support services to clients involved in technical projects. These services include consulting, system integration and deployment, training, support, and maintenance. Professional services are growing at a steady pace in the smart railway sector; with the rapid digitization and adoption rates of these cutting-edge technologies, to increase efficiency and reduce expenses, personnel operating these machineries require support from external technological experts. As the adoption of technology-based solutions is steadily growing, the demand for smart railways services will grow proportionally.
By region, Asia Pacific to grow at the highest CAGR during the forecast period
During the forecast period, Asia Pacific is estimated to be the fastest-growing region in terms of the growth of the smart railways market, with the growing adoption of upcoming and state-of-the-art technologies, larger investments in digitization, and the growth in the Gross Domestic Product of the APAC countries. In order to boost engagement in public-private partnership initiatives for the smart railway system, several Chinese banks have partnered together. Japan is also attempting to incorporate smart solutions in upcoming projects and revamps, such as leveraging artificial intelligence to provide a customized concierge service for travelers. The high population growth rate in the region has also fueled the need to transform and expand the existing rail infrastructure. Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from several prominent firms engaged in the smart railways market participated in in-depth interviews.
The breakup of the profiles of the primary participants is given below:
- By Company Type: Tier 1 - 35%, Tier 2 - 39%, and Tier 3 - 26%
- By Designation: C-Level Executives- 33%, Director Level - 25%, and Managers-42%
- By Region: North America - 38%, Europe - 20%, APAC - 30%, and Rest of the World - 12%
The following smart railways market vendors are profiled in the report: Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Thales (France), Advantech (Taiwan), Fujitsu (Japan), Toshiba (Japan), Alcatel-Lucent Enterprise (France), Moxa (Taiwan), EKE-Electronics (Finland), Televic (Belgium), Uptake (US), Eurotech (Italy), Tego (US), KONUX (Germany), Aitek S.p.A (Italy), Assetic (Australia), Machines With Vision (UK), Delphisonic (US), Passio Technologies (US), Cloud MOYO (US), and Chemito (India).
Research Coverage
The smart railways market is segmented by offering (solutions and services) and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new services and product launches; partnerships, agreements, collaborations; business expansions; and competitive landscape associated with the smart railways market.
Reasons to Buy the Report
The report would help the market leaders and new entrants in the following ways: - It comprehensively segments the smart railways market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions. - It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market. - It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes the competitor ecosystem, new service developments, partnerships, and acquisitions.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Smart Railways Market Segmentation
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency Considered
Table 1 USD Exchange Rates, 2019-2021
1.5 Stakeholders
1.6 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
Table 2 Primary Interviews
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation
2.3 Market Size Estimation
Figure 3 Market Size Estimation Methodology ? Approach 1 (Supply Side): Revenue of Solutions and Services in Smart Railways Market
Figure 4 Market Size Estimation Methodology ? Approach 1 - Bottom-Up (Supply Side): Collective Revenue of Solutions in Market
Figure 5 Market Size Estimation Methodology - Approach 2 (Demand Side): Market
2.4 Factor Analysis
Table 3 Factor Analysis
2.5 Research Assumptions and Limitations
2.5.1 Limitations
3 Executive Summary
Figure 6 Railway Management System Evolution
3.1 Smart Railways Market: Recession Impact
Figure 7 Market to Witness Steady Growth During Forecast Period
Figure 8 Market Size, 2020-2027
Figure 9 Largest Segments in Market, 2022
Figure 10 Market Analysis
Figure 11 Asia-Pacific to be Fastest-Growing Market During Forecast Period
4 Premium Insights
4.1 Brief Overview of Global Smart Railways Market
Figure 12 Need for Efficiency in Rail Operations to Drive Market Growth During Forecast Period
4.2 Europe: Market, 2022
Figure 13 Solutions Segment and UK to Hold Largest Market Shares in Europe During Forecast Period
4.3 Asia-Pacific: Market, 2022
Figure 14 Solutions Segment and China to Hold Largest Market Shares in APAC During Forecast Period
4.4 Market, by Country
Figure 15 India and Japan to Provide Attractive Opportunities for Growth During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges: Smart Railways Market
5.2.1 Drivers
5.2.1.1 Rise in Need for Efficiency in Rail Operations
5.2.1.2 Rapid Urbanization Results in Increased Need for Efficient Railway Systems
5.2.1.3 Government Initiatives and Increased Number of Public-Private Partnership Projects in Rail Industry
5.2.1.4 Adoption of IoT and Other Automation Technologies for Process Optimization
5.2.1.5 Technological Advancements Targeted Toward Enhancement of Customer Experience
5.2.2 Restraints
5.2.2.1 High Initial Cost of Deployment
5.2.3 Opportunities
5.2.3.1 Increased Globalization and Need for Advanced Transportation Infrastructure
5.2.3.2 Rise in Demand for Cloud-Based Services
5.2.4 Challenges
5.2.4.1 Integration of Advanced and Complex Systems with Legacy Infrastructure
5.2.4.2 Disruption in Logistics and Supply Chain of IoT Devices
5.2.4.3 Data Security and Privacy Issues Related to IoT Devices
5.2.5 Cumulative Growth Analysis
5.3 Pricing Analysis
5.3.1 Pricing Models and Indicative Price Points
Table 4 Pricing Analysis
5.4 Value Chain Analysis
Figure 17 Smart Railways Market: Value Chain Analysis
5.5 Ecosystem
Table 5 Market Ecosystem
5.6 Technology Analysis
5.6.1 Internet of Things
5.6.2 Big Data Analytics and Cloud Computing
5.6.3 5G Network
5.6.4 Drones
5.6.5 Hyperloop
5.6.6 Automatic Warning System
5.7 Patent Analysis
Figure 18 Top 10 Companies with Highest Number of Patent Applications
Table 6 Top 20 Patent Owners (Us)
Figure 19 Number of Patents Granted Yearly, 2011-2021
5.8 Key Conferences and Events, 2022-2023
Table 7 Smart Railways Market: Detailed List of Conferences and Events
5.9 Regulatory Landscape
5.9.1 Iso
5.9.1.1 Iso/Iec Jtc 1
5.9.1.2 Iso/Iec 27001
5.9.1.3 Iso/Iec 19770-1
5.9.1.4 Iso/Iec Jtc 1/Swg 5
5.9.1.5 Iso/Iec Jtc 1/Sc 31
5.9.1.6 Iso/Iec Jtc 1/Sc 27
5.9.1.7 Iso/Iec Jtc 1/Wg 7 Sensors
5.9.2 Gdpr
5.9.3 Fmcsa
5.9.4 Fhwa
5.9.5 Marad
5.9.6 Faa
5.9.7 Fra
5.9.8 Ieee-Sa
5.9.9 Cen/Iso
5.9.10 Cen/Cenelec
5.9.11 Etsi
5.9.12 Itu-T
5.10 Porter's Five Forces Model
Figure 20 Porter's Five Forces Analysis
Table 8 Impact of Each Force on Smart Railways Market
5.10.1 Threat of New Entrants
5.10.2 Threat of Substitutes
5.10.3 Bargaining Power of Buyers
5.10.4 Bargaining Power of Suppliers
5.10.5 Intensity of Competitive Rivalry
5.11 Case Study Analysis
5.11.1 Case Study 1: Luxembourg Railways Equipped 34 New Coradia Trains with Alstom's Automatic Train Operation System
5.11.2 Case Study 2: Vtg Rail Europe Collaborated with Siemens to Innovate Rail Freight Transport
5.11.3 Case Study 3: Uptake Automated Maintenance Work Order of a North American Freight Railway Company
5.11.4 Case Study 4: Thales Provided Train-To-Ground Broadband Data Communication Solution to Brescia Metro
5.11.5 Case Study 5: Comboios De Portugal Implemented Solutions by Fujitsu to Innovate Its Ticketing Infrastructure
5.11.6 Case Study 6: Siemens Provided Maintenance Services to Govia Thameslink Railway
5.11.7 Case Study 7: Assetic Helped Sydney Trains Visualize Rail Assets for Optimized Asset Management
6 Smart Railways Market, by Offering
6.1 Introduction
Figure 21 Services Segment to Grow at Higher CAGR During Forecast Period
Table 9 Market Size, by Offering, 2017-2021 (USD Million)
Table 10 Market Size, by Offering, 2022-2027 (USD Million)
6.2 Market: Recession Impact
6.3 Solutions
6.3.1 Solutions: Smart Railways Market Drivers
Figure 22 Rail Analytics System Segment to Grow at Highest CAGR During Forecast Period
Table 11 Solutions: Market Size, by Type, 2017-2021 (USD Million)
Table 12 Solutions: Market Size, by Type, 2022-2027 (USD Million)
Table 13 Solutions: Market Size, by Region, 2017-2021 (USD Million)
Table 14 Solutions: Market Size, by Region, 2022-2027 (USD Million)
6.3.2 Passenger Information System
6.3.2.1 Rising Demand for Real-Time Passenger Information Systems
Figure 23 Multimedia Information and Entertainment Segment to Grow at Higher CAGR During Forecast Period
Table 15 Passenger Information System: Smart Railways Market Size, by Type, 2017-2021 (USD Million)
Table 16 Passenger Information System: Market Size, by Type, 2022-2027 (USD Million)
Table 17 Passenger Information System: Market Size, by Region, 2017-2021 (USD Million)
Table 18 Passenger Information System: Market Size, by Region, 2022-2027 (USD Million)
6.3.2.2 Multimedia Information and Entertainment
Table 19 Multimedia Information and Entertainment: Market Size, by Region, 2017-2021 (USD Million)
Table 20 Multimedia Information and Entertainment: Market Size, by Region, 2022-2027 (USD Million)
6.3.2.3 Network Connectivity
Table 21 Network Connectivity: Market Size, by Region, 2017-2021 (USD Million)
Table 22 Network Connectivity: Market Size, by Region, 2022-2027 (USD Million)
6.3.3 Freight Management System
6.3.3.1 Rapid Digitalization and Adoption of Advanced Technologies
Figure 24 Freight Tracking Segment to Grow at Higher CAGR from 2022 to 2027
Table 23 Freight Management System: Smart Railways Market Size, by Type, 2017-2021 (USD Million)
Table 24 Freight Management System: Market Size, by Type, 2022-2027 (USD Million)
Table 25 Freight Management System: Market Size, by Region, 2017-2021 (USD Million)
Table 26 Freight Management System: Market Size, by Region, 2022-2027 (USD Million)
6.3.3.2 Freight Operation Management
Table 27 Freight Operation Management: Market Size, by Region, 2017-2021 (USD Million)
Table 28 Freight Operation Management: Market Size, by Region, 2022-2027 (USD Million)
6.3.3.3 Freight Tracking
Table 29 Freight Tracking: Market Size, by Region, 2017-2021 (USD Million)
Table 30 Freight Tracking: Market Size, by Region, 2022-2027 (USD Million)
6.3.4 Security and Safety Solutions
6.3.4.1 Use of Ai and Lot in Railway Security
Figure 25 Video Surveillance and Analytics Segment to Grow at Highest CAGR During Forecast Period
Table 31 Security and Safety Solutions: Smart Railways Market Size, by Type, 2017-2021 (USD Million)
Table 32 Security and Safety Solutions: Market Size, by Type, 2022-2027 (USD Million)
Table 33 Security and Safety Solutions: Market Size, by Region, 2017-2021 (USD Million)
Table 34 Security and Safety Solutions: Market Size, by Region, 2022-2027 (USD Million)
6.3.4.2 Video Surveillance and Analytics
Table 35 Video Surveillance and Analytics: Market Size, by Region, 2017-2021 (USD Million)
Table 36 Video Surveillance and Analytics: Market Size, by Region, 2022-2027 (USD Million)
6.3.4.3 Intrusion Detection
Table 37 Intrusion Detection: Market Size, by Region, 2017-2021 (USD Million)
Table 38 Intrusion Detection: Market Size, by Region, 2022-2027 (USD Million)
6.3.4.4 Access Control
Table 39 Access Control: Market Size, by Region, 2017-2021 (USD Million)
Table 40 Access Control: Market Size, by Region, 2022-2027 (USD Million)
6.3.4.5 Fire Alarm and Voice Evacuation
Table 41 Fire Alarm and Voice Evacuation: Smart Railways Market Size, by Region, 2017-2021 (USD Million)
Table 42 Fire Alarm and Voice Evacuation: Market Size, by Region, 2022-2027 (USD Million)
6.3.4.6 Other Security and Safety Solutions
Table 43 Other Security and Safety Solutions: Market Size, by Region, 2017-2021 (USD Million)
Table 44 Other Security and Safety Solutions: Market Size, by Region, 2022-2027 (USD Million)
6.3.5 Rail Communication and Networking System
6.3.5.1 Emerging Requirements for It and Networking in Railways
Figure 26 Train-To-Train Communication Segment to Grow at Higher CAGR from 2022 to 2027
Table 45 Rail Communication and Networking System: Smart Railways Market Size, by Type, 2017-2021 (USD Million)
Table 46 Rail Communication and Networking System: Market Size, by Type, 2022-2027 (USD Million)
Table 47 Rail Communication and Networking System: Market Size, by Region, 2017-2021 (USD Million)
Table 48 Rail Communication and Networking System: Market Size, by Region, 2022-2027 (USD Million)
6.3.5.2 Ground-To-Train Communication
Table 49 Ground-To-Train Communication: Market Size, by Region, 2017-2021 (USD Million)
Table 50 Ground-To-Train Communication: Market Size, by Region, 2022-2027 (USD Million)
6.3.5.3 Train-To-Train Communication
Table 51 Train-To-Train Communication: Market Size, by Region, 2017-2021 (USD Million)
Table 52 Train-To-Train Communication: Market Size, by Region, 2022-2027 (USD Million)
6.3.6 Smart Ticketing System
6.3.6.1 Need for Convenience
Table 53 Smart Ticketing System: Smart Railways Market Size, by Region, 2017-2021 (USD Million)
Table 54 Smart Ticketing System: Market Size, by Region, 2022-2027 (USD Million)
6.3.7 Rail Analytics System
6.3.7.1 Rapid Adoption of Ai-Powered Solutions in Various Countries Across Globe
Table 55 Rail Analytics System: Market Size, by Region, 2017-2021 (USD Million)
Table 56 Rail Analytics System: Market Size, by Region, 2022-2027 (USD Million)
6.3.8 Rail Asset Management and Maintenance Solutions
6.3.8.1 Increased Use of Sensors in Rail Asset Maintenance
Figure 27 Predictive Maintenance Segment to Grow at Highest CAGR from 2022 to 2027
Table 57 Rail Asset Management and Maintenance Solutions: Smart Railways Market Size, by Type, 2017-2021 (USD Million)
Table 58 Rail Asset Management and Maintenance Solutions: Market Size, by Type, 2022-2027 (USD Million)
Table 59 Rail Asset Management and Maintenance Solutions: Market Size, by Region, 2017-2021 (USD Million)
Table 60 Rail Asset Management and Maintenance Solutions: Market Size, by Region, 2022-2027 (USD Million)
6.3.8.2 Asset Planning and Scheduling
Table 61 Asset Planning and Scheduling: Market Size, by Region, 2017-2021 (USD Million)
Table 62 Asset Planning and Scheduling: Market Size, by Region, 2022-2027 (USD Million)
6.3.8.3 Workforce Management and Optimization
Table 63 Workforce Management and Optimization: Market Size, by Region, 2017-2021 (USD Million)
Table 64 Workforce Management and Optimization: Market Size, by Region, 2022-2027 (USD Million)
6.3.8.4 Condition-Based Monitoring
Table 65 Condition-Based Monitoring: Market Size, by Region, 2017-2021 (USD Million)
Table 66 Condition-Based Monitoring: Market Size, by Region, 2022-2027 (USD Million)
6.3.8.5 Predictive Maintenance
Table 67 Predictive Maintenance: Smart Railways Market Size, by Region, 2017-2021 (USD Million)
Table 68 Predictive Maintenance: Market Size, by Region, 2022-2027 (USD Million)
6.3.8.6 Other Railway Asset Management and Maintenance Solutions
Table 69 Other Rail Asset Management and Maintenance Solutions: Market Size, by Region, 2017-2021 (USD Million)
Table 70 Other Rail Asset Management and Maintenance Solutions: Market Size, by Region, 2022-2027 (USD Million)
6.3.9 Rail Operation and Control Solutions
6.3.9.1 Need to Compete with Other Modes of Transportation
Table 71 Rail Operation and Control Solutions: Market Size, by Region, 2017-2021 (USD Million)
Table 72 Rail Operation and Control Solutions: Market Size, by Region, 2022-2027 (USD Million)
6.4 Services
6.4.1 Services: Market Drivers
Figure 28 Managed Services to Grow at Higher CAGR from 2022 to 2027
Table 73 Services: Smart Railways Market Size, by Type, 2017-2021 (USD Million)
Table 74 Services: Market Size, by Type, 2022-2027 (USD Million)
Table 75 Services: Market Size, by Region, 2017-2021 (USD Million)
Table 76 Services: Market Size, by Region, 2022-2027 (USD Million)
6.4.2 Professional Services
6.4.2.1 Fast Digitalization in Railway Industry and Growing Need for Personnel Training
Figure 29 Training, Support, and Maintenance Segment to Grow at Highest CAGR During Forecast Period
Table 77 Professional Services: Smart Railways Market Size, by Type, 2017-2021 (USD Million)
Table 78 Professional Services: Market Size, by Type, 2022-2027 (USD Million)
Table 79 Professional Services: Market Size, by Region, 2017-2021 (USD Million)
Table 80 Professional Services: Market Size, by Region, 2022-2027 (USD Million)
6.4.2.2 Consulting
Table 81 Consulting: Market Size, by Region, 2017-2021 (USD Million)
Table 82 Consulting: Market Size, by Region, 2022-2027 (USD Million)
6.4.2.3 System Integration and Deployment
Table 83 System Integration and Deployment: Market Size, by Region, 2017-2021 (USD Million)
Table 84 System Integration and Deployment: Market Size, by Region, 2022-2027 (USD Million)
6.4.2.4 Training, Support, and Maintenance
Table 85 Training, Support, and Maintenance: Smart Railways Market Size, by Region, 2017-2021 (USD Million)
Table 86 Training, Support, and Maintenance: Market Size, by Region, 2022-2027 (USD Million)
6.4.3 Managed Services
6.4.3.1 Increased Requirement for Competent Personnel for Technical Assistance
Table 87 Managed Services: Market Size, by Region, 2017-2021 (USD Million)
Table 88 Managed Services: Market Size, by Region, 2022-2027 (USD Million)
7 Market, by Region
7.1 Introduction
Figure 30 Europe to be Largest Market During Forecast Period
Figure 31 Market in Asia-Pacific to Witness Fastest Growth During Forecast Period
Table 89 Market Size, by Region, 2017-2021 (USD Million)
Table 90 Market Size, by Region, 2022-2027 (USD Million)
7.2 North America
7.2.1 North America: PESTLE Analysis
7.2.2 North America: Market Drivers
7.2.3 North America: Regulatory Implications
7.2.4 North America: Recession Impact
Table 91 North America: Smart Railways Market Size, by Offering, 2017-2021 (USD Million)
Table 92 North America: Market Size, by Offering, 2022-2027 (USD Million)
Table 93 North America: Market Size, by Solutions, 2017-2021 (USD Million)
Table 94 North America: Market Size, by Solutions, 2022-2027 (USD Million)
Table 95 North America: Market Size, by Passenger Information System, 2017-2021 (USD Million)
Table 96 North America: Market Size, by Passenger Information System, 2022-2027 (USD Million)
Table 97 North America: Market Size, by Freight Management System, 2017-2021 (USD Million)
Table 98 North America: Market Size, by Freight Management System, 2022-2027 (USD Million)
Table 99 North America: Market Size, by Security and Safety Solutions, 2017-2021 (USD Million)
Table 100 North America: Smart Railways Market Size, by Security and Safety Solutions, 2022-2027 (USD Million)
Table 101 North America: Market Size, by Rail Communication and Networking System, 2017-2021 (USD Million)
Table 102 North America: Market Size, by Rail Communication and Networking System, 2022-2027 (USD Million)
Table 103 North America: Market Size, by Rail Asset Management and Maintenance Solutions, 2017-2021 (USD Million)
Table 104 North America: Market Size, by Rail Asset Management and Maintenance Solutions, 2022-2027 (USD Million)
Table 105 North America: Market Size, by Services, 2017-2021 (USD Million)
Table 106 North America: Market Size, by Services, 2022-2027 (USD Million)
Table 107 North America: Market Size, by Professional Services, 2017-2021 (USD Million)
Table 108 North America: Market Size, by Professional Services, 2022-2027 (USD Million)
Table 109 North America: Market Size, by Country, 2017-2021 (USD Million)
Table 110 North America: Market Size, by Country, 2022-2027 (USD Million)
7.2.5 US
7.2.5.1 Government Initiatives to Drive Market in US
Table 111 US: Smart Railways Market Size, by Offering, 2017-2021 (USD Million)
Table 112 US: Market Size, by Offering, 2022-2027 (USD Million)
Table 113 US: Market Size, by Solutions, 2017-2021 (USD Million)
Table 114 US: Market Size, by Solutions, 2022-2027 (USD Million)
Table 115 US: Market Size, by Passenger Information System, 2017-2021 (USD Million)
Table 116 US: Market Size, by Passenger Information System, 2022-2027 (USD Million)
Table 117 US: Market Size, by Freight Management System, 2017-2021 (USD Million)
Table 118 US: Market Size, by Freight Management System, 2022-2027 (USD Million)
Table 119 US: Smart Railways Market Size, by Security and Safety Solutions, 2017-2021 (USD Million)
Table 120 US: Market Size, by Security and Safety Solutions, 2022-2027 (USD Million)
Table 121 US: Market Size, by Rail Communication and Networking System, 2017-2021 (USD Million)
Table 122 US: Market Size, by Rail Communication and Networking System, 2022-2027 (USD Million)
Table 123 US: Market Size, by Rail Asset Management and Maintenance Solutions, 2017-2021 (USD Million)
Table 124 US: Market Size, by Rail Asset Management and Maintenance Solutions, 2022-2027 (USD Million)
Table 125 US: Market Size, by Services, 2017-2021 (USD Million)
Table 126 US: Market Size, by Services, 2022-2027 (USD Million)
Table 127 US: Market Size, by Professional Services, 2017-2021 (USD Million)
Table 128 US: Market Size, by Professional Services, 2022-2027 (USD Million)
7.2.6 Canada
7.2.6.1 Increase in Number of Passengers and Higher Freight Traffic to Drive Market in Canada
7.3 Europe
7.3.1 Europe: PESTLE Analysis
7.3.2 Europe: Market Drivers
7.3.3 Europe: Regulatory Implications
7.3.4 Europe: Recession Impact
Figure 32 Europe: Smart Railways Market Snapshot
Table 129 Europe: Market Size, by Offering, 2017-2021 (USD Million)
Table 130 Europe: Market Size, by Offering, 2022-2027 (USD Million)
Table 131 Europe: Market Size, by Solutions, 2017-2021 (USD Million)
Table 132 Europe: Market Size, by Solutions, 2022-2027 (USD Million)
Table 133 Europe: Market Size, by Passenger Information System, 2017-2021 (USD Million)
Table 134 Europe: Market Size, by Passenger Information System, 2022-2027 (USD Million)
Table 135 Europe: Market Size, by Freight Management System, 2017-2021 (USD Million)
Table 136 Europe: Market Size, by Freight Management System, 2022-2027 (USD Million)
Table 137 Europe: Market Size, by Security and Safety Solutions, 2017-2021 (USD Million)
Table 138 Europe: Smart Railways Market Size, by Security and Safety Solutions, 2022-2027 (USD Million)
Table 139 Europe: Market Size, by Rail Communication and Networking System, 2017-2021 (USD Million)
Table 140 Europe: Market Size, by Rail Communication and Networking System, 2022-2027 (USD Million)
Table 141 Europe: Market Size, by Rail Asset Management and Maintenance Solutions, 2017-2021 (USD Million)
Table 142 Europe: Market Size, by Rail Asset Management and Maintenance Solutions, 2022-2027 (USD Million)
Table 143 Europe: Market Size, by Services, 2017-2021 (USD Million)
Table 144 Europe: Market Size, by Services, 2022-2027 (USD Million)
Table 145 Europe: Market Size, by Professional Services, 2017-2021 (USD Million)
Table 146 Europe: Market Size, by Professional Services, 2022-2027 (USD Million)
Table 147 Europe: Market Size, by Country, 2017-2021 (USD Million)
Table 148 Europe: Market Size, by Country, 2022-2027 (USD Million)
7.3.5 UK
7.3.5.1 Need to Improve Efficiency of Existing Railway Infrastructure to Boost Market Growth
7.3.6 Germany
7.3.6.1 Significant Adoption of IoT Technologies and Analytics in Railway Sector to Propel Market
7.3.7 France
7.3.7.1 High Investment by Railway Operators to Drive Market in France
7.3.8 Rest of Europe
7.4 Asia-Pacific
7.4.1 Asia-Pacific: PESTLE Analysis
7.4.2 Asia-Pacific: Market Drivers
7.4.3 Asia-Pacific: Regulatory Implications
7.4.4 Asia-Pacific: Recession Impact
Figure 33 Asia-Pacific: Smart Railways Market Snapshot
Table 149 Asia-Pacific: Market Size, by Offering, 2017-2021 (USD Million)
Table 150 Asia-Pacific: Market Size, by Offering, 2022-2027 (USD Million)
Table 151 Asia-Pacific: Market Size, by Solutions, 2017-2021 (USD Million)
Table 152 Asia-Pacific: Market Size, by Solutions, 2022-2027 (USD Million)
Table 153 Asia-Pacific: Market Size, by Passenger Information System, 2017-2021 (USD Million)
Table 154 Asia-Pacific: Market Size, by Passenger Information System, 2022-2027 (USD Million)
Table 155 Asia-Pacific: Market Size, by Freight Management System, 2017-2021 (USD Million)
Table 156 Asia-Pacific: Market Size, by Freight Management System, 2022-2027 (USD Million)
Table 157 Asia-Pacific: Market Size, by Security and Safety Solutions, 2017-2021 (USD Million)
Table 158 Asia-Pacific: Smart Railways Market Size, by Security and Safety Solutions, 2022-2027 (USD Million)
Table 159 Asia-Pacific: Market Size, by Rail Communication and Networking System, 2017-2021 (USD Million)
Table 160 Asia-Pacific: Market Size, by Rail Communication and Networking System, 2022-2027 (USD Million)
Table 161 Asia-Pacific: Market Size, by Rail Asset Management and Maintenance Solutions, 2017-2021 (USD Million)
Table 162 Asia-Pacific: Market Size, by Rail Asset Management and Maintenance Solutions, 2022-2027 (USD Million)
Table 163 Asia-Pacific: Market Size, by Services, 2017-2021 (USD Million)
Table 164 Asia-Pacific: Market Size, by Services, 2022-2027 (USD Million)
Table 165 Asia-Pacific: Market Size, by Professional Services, 2017-2021 (USD Million)
Table 166 Asia-Pacific: Market Size, by Professional Services, 2022-2027 (USD Million)
Table 167 Asia-Pacific: Market Size, by Country, 2017-2021 (USD Million)
Table 168 Asia-Pacific: Market Size, by Country, 2022-2027 (USD Million)
7.4.5 China
7.4.5.1 High Government Investments in Railway Infrastructure and Rapid Growth in Railways to Drive Market
7.4.6 India
7.4.6.1 Investments in Smart City Projects by Government to Spur Market Growth
7.4.7 Japan
7.4.7.1 Rise in Adoption of Railway Technologies to Boost Market
7.4.8 Rest of Asia-Pacific
7.5 Middle East & Africa
7.5.1 Middle East & Africa: PESTLE Analysis
7.5.2 Middle East & Africa: Market Drivers
7.5.3 Middle East & Africa: Regulatory Implications
7.5.4 Middle East and Africa: Recession Impact
Table 169 Middle East and Africa: Smart Railways Market Size, by Offering, 2017-2021 (USD Million)
Table 170 Middle East and Africa: Market Size, by Offering, 2022-2027 (USD Million)
Table 171 Middle East and Africa: Market Size, by Solutions, 2017-2021 (USD Million)
Table 172 Middle East and Africa: Market Size, by Solutions, 2022-2027 (USD Million)
Table 173 Middle East and Africa: Market Size, by Passenger Information System, 2017-2021 (USD Million)
Table 174 Middle East and Africa: Market Size, by Passenger Information System, 2022-2027 (USD Million)
Table 175 Middle East and Africa: Market Size, by Freight Management System, 2017-2021 (USD Million)
Table 176 Middle East and Africa: Market Size, by Freight Management System, 2022-2027 (USD Million)
Table 177 Middle East and Africa: Market Size, by Security and Safety Solutions, 2017-2021 (USD Million)
Table 178 Middle East and Africa: Market Size, by Security and Safety Solutions, 2022-2027 (USD Million)
Table 179 Middle East and Africa: Market Size, by Rail Communication and Networking System, 2017-2021 (USD Million)
Table 180 Middle East and Africa: Smart Railways Market Size, by Rail Communication and Networking System, 2022-2027 (USD Million)
Table 181 Middle East and Africa: Market Size, by Rail Asset Management and Maintenance Solutions, 2017-2021 (USD Million)
Table 182 Middle East and Africa: Market Size, by Rail Asset Management and Maintenance Solutions, 2022-2027 (USD Million)
Table 183 Middle East and Africa: Market Size, by Services, 2017-2021 (USD Million)
Table 184 Middle East and Africa: Market Size, by Services, 2022-2027 (USD Million)
Table 185 Middle East and Africa: Market Size, by Professional Services, 2017-2021 (USD Million)
Table 186 Middle East and Africa: Market Size, by Professional Services, 2022-2027 (USD Million)
Table 187 Middle East and Africa: Market Size, by Region, 2017-2021 (USD Million)
Table 188 Middle East and Africa: Market Size, by Region, 2022-2027 (USD Million)
Table 189 Africa: Market Size, by Country, 2017-2021 (USD Million)
Table 190 Middle East: Market Size, by Country, 2022-2027 (USD Million)
Table 191 Middle East and Africa: Market Size, by Country, 2017-2021 (USD Million)
Table 192 Africa: Market Size, by Country, 2022-2027 (USD Million)
7.5.5 Nigeria
7.5.5.1 Government Initiatives Combined with Increased Cooperation with Other Countries to Drive Market
7.5.6 UAE
7.5.6.1 Technological Advancements and Growing Economy to Drive Market
7.5.7 South Africa
7.5.7.1 Increased Demand for Transportation Services to Support Regional Trade Requirements to Propel Market Growth
7.5.8 Rest of the Middle East & Africa
7.6 Latin America
7.6.1 Latin America: PESTLE Analysis
7.6.2 Latin America: Market Drivers
7.6.3 Latin America: Regulatory Implications
7.6.4 Latin America: Recession Impact
Table 193 Latin America: Smart Railways Market Size, by Offering, 2017-2021 (USD Million)
Table 194 Latin America: Market Size, by Offering, 2022-2027 (USD Million)
Table 195 Latin America: Market Size, by Solutions, 2017-2021 (USD Million)
Table 196 Latin America: Market Size, by Solutions, 2022-2027 (USD Million)
Table 197 Latin America: Market Size, by Passenger Information System, 2017-2021 (USD Million)
Table 198 Latin America: Market Size, by Passenger Information System, 2022-2027 (USD Million)
Table 199 Latin America: Market Size, by Freight Management System, 2017-2021 (USD Million)
Table 200 Latin America: Market Size, by Freight Management System, 2022-2027 (USD Million)
Table 201 Latin America: Market Size, by Security and Safety Solutions, 2017-2021 (USD Million)
Table 202 Latin America: Market Size, by Security and Safety Solutions, 2022-2027 (USD Million)
Table 203 Latin America: Smart Railways Market Size, by Rail Communication and Networking System, 2017-2021 (USD Million)
Table 204 Latin America: Market Size, by Rail Communication and Networking System, 2022-2027 (USD Million)
Table 205 Latin America: Market Size, by Rail Asset Management and Maintenance Solutions, 2017-2021 (USD Million)
Table 206 Latin America: Market Size, by Rail Asset Management and Maintenance Solutions, 2022-2027 (USD Million)
Table 207 Latin America: Market Size, by Services, 2017-2021 (USD Million)
Table 208 Latin America: Market Size, by Services, 2022-2027 (USD Million)
Table 209 Latin America: Market Size, by Professional Services, 2017-2021 (USD Million)
Table 210 Latin America: Market Size, by Professional Services, 2022-2027 (USD Million)
Table 211 Latin America: Market Size, by Country, 2017-2021 (USD Million)
Table 212 Latin America: Market Size, by Country, 2022-2027 (USD Million)
7.6.5 Brazil
7.6.5.1 Significant Scope for Development of Advanced Railway Infrastructure to Boost Market Growth
7.6.6 Mexico
7.6.6.1 Increased Demand for Improved Transportation Infrastructure to Fuel Market Growth
7.6.7 Rest of Latin America
8 Competitive Landscape
8.1 Overview
8.2 Smart Railways Market Ranking
Figure 34 Market Ranking in 2022
8.3 Market Share Analysis
Figure 35 Market Share Analysis of Top Five Players
Table 213 Market: Degree of Competition
Figure 36 Market Share Analysis of Companies in Market
8.4 Historical Revenue Analysis of Leading Players
Figure 37 Revenue Analysis of Top 5 Players, 2019-2021
8.5 Key Market Developments
8.5.1 Product Launches
Table 214 Smart Railways Market: Product Launches, June 2019-December 2021
8.5.2 Deals
Table 215 Smart Railways Market: Deals, January 2019-May 2022
8.6 Competitive Benchmarking
Table 216 Company Footprint: Overall
Table 217 Company Footprint: Application
Table 218 Company Footprint: Region
8.7 Company Evaluation Matrix
Table 219 Company Evaluation Matrix: Criteria and Weightage
8.7.1 Stars
8.7.2 Emerging Leaders
8.7.3 Pervasive Players
8.7.4 Participants
Figure 38 Smart Railways Market (Global): Company Evaluation Matrix, 2022
8.8 Sme/Startup Evaluation Matrix
Table 220 Small and Medium Enterprise/Startup Evaluation Matrix: Criteria Weightage
8.8.1 Progressive Companies
8.8.2 Responsive Companies
8.8.3 Dynamic Companies
8.8.4 Starting Blocks
Figure 39 Smart Railways Market (Global): Smes/Startup Evaluation Matrix, 2022
9 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats) *
9.1 Major Players
9.1.1 Alstom
Table 221 Alstom: Business Overview
Figure 40 Alstom: Company Snapshot
Table 222 Alstom: Products/Solutions/Services Offered
Table 223 Alstom: Deals
Table 224 Alstom: Others
9.1.2 Cisco
Table 225 Cisco: Business Overview
Figure 41 Cisco: Company Snapshot
Table 226 Cisco: Products/Solutions/Services Offered
Table 227 Cisco: Deals
9.1.3 Hitachi
Table 228 Hitachi: Business Overview
Figure 42 Hitachi: Company Snapshot
Table 229 Hitachi: Products/Solutions/Services Offered
Table 230 Hitachi: Deals
9.1.4 Wabtec
Table 231 Wabtec: Business Overview
Figure 43 Wabtec: Company Snapshot
Table 232 Wabtec: Products/Solutions/Services Offered
Table 233 Wabtec: Product Launches
Table 234 Wabtec: Deals
9.1.5 Siemens
Table 235 Siemens: Business Overview
Figure 44 Siemens: Company Snapshot
Table 236 Siemens: Products/Solutions/Services Offered
Table 237 Siemens: Deals
9.1.6 Ibm
Table 238 Ibm: Business Overview
Figure 45 Ibm: Company Snapshot
Table 239 Ibm: Products/Solutions/Services Offered
Table 240 Ibm: Deals
9.1.7 Huawei
Table 241 Huawei: Business Overview
Figure 46 Huawei: Company Snapshot
Table 242 Huawei: Products/Solutions/Services Offered
Table 243 Huawei: Product Launches
Table 244 Huawei: Deals
9.1.8 Indra Sistemas
Table 245 Indra Sistemas: Business Overview
Figure 47 Indra Sistemas: Company Snapshot
Table 246 Indra Sistemas: Products/Solutions/Services Offered
Table 247 Indra Sistemas: Deals
9.1.9 Honeywell
Table 248 Honeywell: Business Overview
Figure 48 Honeywell: Company Snapshot
Table 249 Honeywell: Products/Solutions/Services Offered
Table 250 Honeywell: Deals
9.1.10 Abb
Table 251 Abb: Business Overview
Figure 49 Abb: Company Snapshot
Table 252 Abb: Products/Solutions/Services Offered
Table 253 Abb: Deals
9.1.11 Thales
9.1.12 Advantech
9.1.13 Fujitsu
9.1.14 Toshiba
9.1.15 Moxa
9.1.16 Televic
9.1.17 Alcatel-Lucent Enterprise
9.2 Startups/Smes
9.2.1 Eke-Electronics
9.2.2 Aitek S.P.A.
9.2.3 Uptake
9.2.4 Eurotech
9.2.5 Tego
9.2.6 Konux
9.2.7 Assetic
9.2.8 Machines with Vision
9.2.9 Delphisonic
9.2.10 Passio Technologies
9.2.11 Cloudmoyo
9.2.12 Chemito
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.
10 Adjacent/Related Markets
10.1 Limitations
10.2 Railway Management System Market - Global Forecast to 2025
10.2.1 Market Definition
10.2.2 Market Overview
10.2.3 Railway Management System Market, by Offering
Table 254 Railway Management System Market Size, by Offering, 2016-2019 (USD Million)
Table 255 Railway Management System Market Size, by Offering, 2019-2025 (USD Million)
10.2.4 Railway Management System Market, by Service
Table 256 Railway Management System Market Size, by Service, 2016-2019 (USD Million)
Table 257 Railway Management System Market Size, by Service, 2019-2025 (USD Million)
10.2.5 Railway Management System Market, by Region
Table 258 Railway Management System Market Size, by Region, 2016-2019 (USD Million)
Table 259 Railway Management System Market Size, by Region, 2019-2025 (USD Million)
10.3 Railway Platform Security Market - Global Forecast to 2024
10.3.1 Market Definition
10.3.2 Market Overview
10.3.3 Railway Platform Security Market, by Component
Table 260 Railway Platform Security Market Size, by Component, 2017-2024 (USD Million)
10.3.4 Railway Platform Security Market, by Solution
Table 261 Solutions: Railway Platform Security Market Size, by Type, 2017-2024 (USD Million)
10.3.5 Railway Platform Security Market, by Service
Table 262 Services: Railway Platform Security Market Size, by Type, 2017-2024 (USD Million)
10.3.6 Railway Platform Security Market, by Professional Service
Table 263 Professional Services: Railway Platform Security Market Size, by Type, 2017-2024 (USD Million)
10.3.7 Railway Platform Security Market, by Application
Table 264 Railway Platform Security Market Size, by Application, 2017-2024 (USD Million)
10.3.8 Railway Platform Security Market, by Region
Table 265 Railway Platform Security Market Size, by Region, 2017-2024 (USD Million)
10.4 Digital Railway Market - Global Forecast to 2024
10.4.1 Market Definition
10.4.2 Market Overview
10.4.3 Digital Railway Market, by Solution
Table 266 Digital Railway Market Size, by Solution, 2017-2024 (USD Billion)
10.4.4 Digital Railway Market, by Service
Table 267 Digital Railway Market Size, by Service, 2017-2024 (USD Billion)
10.4.5 Digital Railway Market, by Professional Service
Table 268 Professional Services: Digital Railway Market Size, by Type, 2017-2024 (USD Billion)
10.4.6 Digital Railway Market, by Application
Table 269 Digital Railway Market Size, by Application, 2017-2024 (USD Billion)
10.4.7 Digital Railway Market, by Region
Table 270 Digital Railway Market Size, by Region, 2017-2024 (USD Billion)
11 Appendix
11.1 Discussion Guide
11.2 Knowledgestore: The Subscription Portal
11.3 Customization Options
Companies Mentioned
- Alstom
- Cisco
- Hitachi
- Wabtec
- Siemens
- IBM
- Huawei
- Indra Sistemas
- Honeywell
- Abb
- Thales
- Advantech
- Fujitsu
- Toshiba
- Moxa
- Televic
- Alcatel-Lucent Enterprise
- Startups/Smes
- Eke-Electronics
- Aitek S.P.A.
- Uptake
- Eurotech
- Tego
- Konux
- Assetic
- Machines with Vision
- Delphisonic
- Passio Technologies
- Cloudmoyo
- Chemito
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 286 |
| Published | January 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 28.9 Billion |
| Forecasted Market Value ( USD | $ 43 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
