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Railway Platform Security Market Snapshot
The Railway Platform Security Market industry is projected to reach USD 4.2 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.40% during the forecast period (2022 - 2030).The factors responsible for the growth of the railway platform security market include rising need to minimize the risk of unauthorized access to platforms and increasing demand for additional support and advanced solutions for security management. Railway passenger security is interlinked with the safety and security of railway assets such as railway platforms and trains. Minimizing unauthorized access with the help of control systems ensures a high level of security for passengers as well as goods at the railway platform.Â
Several measures are taken to restrict unauthorized access in the form of 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 a vital role in preventing unauthorized access by automating entry and exit operations and securing crucial areas. Moreover, the entry of unauthorized persons and a large number of visitors lead to unmanageable crowds on railway platforms with the presence of unmanned multi-entry and exit points at stations that can be vulnerable to security threats; hence, the need to minimize the risk of unauthorized access to platforms has increased. The railway platform security market has been segmented on the basis of component, application, and region. Under the component segment solutions sub-segment is attributed to holding potential growth prospects whereas, among the services sub-segment, managed services are expected to grow significantly during the forecast period.
Railway Platform Security Market Key Players
The Railway Platform Security Market is characterized by the presence of several regional and local providers. Some of the key players in the market are,
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Honeywell (US)Â
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Indra Sistemas (Spain)
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Huawei (China)
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Bosch (Germany)
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Atos (France)
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FLIR Systems (US)
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Axis Communications (Sweden)Â
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talent (UK)
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Zhejiang Dahua (US)Â
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Hikvision (China)
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STANLEY (US)
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Wabtec (US)
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L&T Technology Services (India)
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Mitsubishi Electric (Japan)
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Genetec (Canada)Â
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Knorr-Bremse (Germany)
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Nabtesco (Japan)
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Senstar (Canada)
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Avnet (US)
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Anixter (US)Â
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Among Others
Key Developments
- September 2019: Honeywell launched a new software named Forge Cybersecurity Platform that simplifies, strengthens and scales cybersecurity for asset-intensive businesses and critical infrastructure facing cyber threats. The new software safely moves data from one site to another, uses operations data to strengthen endpoint and network security, and improves cybersecurity compliance.
- February 2019: Indra Sistemas partnered with Begirale, a technology-based company specialized in computer vision and computer intelligence. According to the partnership, Indra Sistemas would use Begirale’s products, Begicrossing and Begirail, to improve railway safety.
- November 2018: Hikvision updated the versions of its thermal deep learning bullet cameras, which offer various enhanced capabilities for perimeter security, along with the advanced fire detection technology.
- September 2018: Brazilian Urban Trains Company (CBTU) inaugurated a new phase of surveillance operation with the acquisition of 1,380 high-resolution cameras from Dahua Technology to deploy the surveillance system for the Pernambuco subway in Brazil.
Market Segmentation
The Railway Platform Security Market has been segmented based on components, applications, and regions.
By component, the market has been segmented into solutions and services. The solution segment covers sensors, alarm systems, and video surveillance systems. The various types of sensors included in the sensors segment are microwave sensors, infrared sensors, fiber optic sensors, radar sensors, and other sensors. The video surveillance systems segment has been further segmented into software and hardware. The hardware segment includes cameras and storage devices, whereas, the software segment includes intelligent video analytics software and video management software. By services, the market has been divided into professional services and managed services.
By application, the market has been segmented into subways and trains.
The regions included in the study are North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
Regional Analysis
Geographically, the railway platform security market has been categorized into four regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
North America is expected to dominate the railway platform security market with the highest market share, whereas, 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 and increasing GDP of Asia-Pacific countries. Also, potential economies in the Asia-Pacific region such as China, Korea, Australia, Singapore, Hong Kong, and India are rapidly investing in the technological transformation which is expected to fuel the growth of the railway platform security market in this region.
Key Questions Addressed by the Report
- What was the historic market size (2018)?
- What will be the growth rate by 2025?
- Who are the key players in this market?
- What are the strategies adopted by key players?
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