Smart Railway Market Research Report - Global Forecast to 2030

Global Smart Railway Market Research Report: By Type (Station Type, Onboard Trains), Component (Networking & Connectivity Devices,), By Services (Consulting Services, System Integration), By Solution (Smart Ticketing System, Passenger Information System) - Forecast to 2030

ID: MRFR/ICT/1992-CR | February 2020 | Region: Global | 148 Pages         

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)

13 List Of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 GLOBAL SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 3 GLOBAL SMART RAILWAY STATIONS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 4 GLOBAL SMART RAILWAY STATIONS MARKET, BY SERVICE, 2020–2027 (USD MILLION)

TABLE 5 GLOBAL SMART RAILWAY STATIONS MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 6 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 7 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY SERVICE, 2020–2027 (USD MILLION)

TABLE 8 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 9 GLOBAL SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 10 GLOBAL SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 11 GLOBAL SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 12 GLOBAL SMART RAILWAY MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 13 NORTH AMERICA: SMART RAILWAY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 14 NORTH AMERICA SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 15 NORTH AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 16 NORTH AMERICA SMART RAILWAY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

TABLE 17 NORTH AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 18 US: SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 19 US: SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 20 US: SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 21 US: SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 22 CANADA SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 23 CANADA SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 24 CANADA SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 25 CANADA SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 26 MEXICO: SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 27 MEXICO: SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 28 MEXICO: SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 29 MEXICO: SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 30 EUROPE SMART RAILWAY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 31 EUROPE SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 32 EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 33 EUROPE SMART RAILWAY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

TABLE 34 EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 35 THE UK SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 36 THE UK SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 37 THE UK SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 38 THE UK SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 39 GERMANY SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 40 GERMANY SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 41 GERMANY SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 42 GERMANY SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 43 REST OF EUROPE SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 44 REST OF EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 45 REST OF EUROPE SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 46 REST OF EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 47 FRANCE SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 48 FRANCE SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 49 FRANCE SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 50 FRANCE SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 51 ASIA-PACIFIC SMART RAILWAY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 52 ASIA-PACIFIC SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 53 ASIA-PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 54 ASIA-PACIFIC SMART RAILWAY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

TABLE 55 ASIA-PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 56 JAPAN SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 57 JAPAN SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 58 JAPAN SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 59 JAPAN SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 60 CHINA SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 61 CHINA SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 62 CHINA SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 63 CHINA SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 64 REST OF ASIA-PACIFIC SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 65 REST OF ASIA-PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 66 REST OF ASIA-PACIFIC SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 67 REST OF ASIA-PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 68 INDIA SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 69 INDIA SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 70 INDIA SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 71 INDIA SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 72 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 73 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 74 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 75 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

TABLE 76 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 77 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 78 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 79 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 80 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 81 SOUTH AMERICA SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 82 SOUTH AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 83 SOUTH AMERICA SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

TABLE 84 SOUTH AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

14 List Of Figures

FIGURE 1 GLOBAL SMART RAILWAY MARKET: MARKET STRUCTURE

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 DROC ANALYSIS OF GLOBAL SMART RAILWAY MARKET

FIGURE 4 DRIVERS IMPACT ANALYSIS: SMART RAILWAY MARKET

FIGURE 5 RESTRAINTS IMPACT ANALYSIS: ABC MARKET

FIGURE 6 SMART RAILWAYS INFRASTRUTURE FRAMEWORK

FIGURE 7 SMART RAILWAYS INFRASTRUTURE FRAMEWORK

FIGURE 8 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SMART RAILWAY MARKET

FIGURE 9 GLOBAL SMART RAILWAY MARKET, BY TYPE, 2020 – 2027 (USD MILLION)

FIGURE 10 GLOBAL SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 11 GLOBAL SMART RAILWAY MARKET, BY SERVICES, 2020–2027 (USD MILLION)

FIGURE 12 GLOBAL SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 13 GLOBAL SMART RAILWAY MARKET, BY REGION, 2020–2027 (USD MILLION)

FIGURE 14 NORTH AMERICA: SMART RAILWAY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 15 NORTH AMERICA SMART RAILWAY MARKET, BY TYPE, 2027–2027 (USD MILLION)

FIGURE 16 NORTH AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 17 NORTH AMERICA SMART RAILWAY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

FIGURE 18 NORTH AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 19 EUROPE: SMART RAILWAY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 20 EUROPE SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 21 EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 22 EUROPE SMART RAILWAY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

FIGURE 23 EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 24 ASIA-PACIFIC SMART RAILWAY MARKET, BY COUNTRY, 2020 – 2027 (USD MILLION)

FIGURE 25 ASIA-PACIFIC SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 26 ASIA-PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 27 ASIA-PACIFIC SMART RAILWAY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

FIGURE 28 ASIA-PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 29 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 30 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 31 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 32 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

FIGURE 33 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 34 GLOBAL SMART RAILWAYS MARKET KEY PLAYERS MARKET SHARE, 2020 (%)

Smart Railway Market

Smart Railway Market is Predicted to Reach US$ 43.34 Billion by 2030 Registering a CAGR of 9.45%

Segmentation

By Type Station Type Onboard Trains
By Component Networking & Connectivity Devices
By Services Consulting Services System Integration
By Solution Smart Ticketing System Passenger Information System

Key Players

  • Cisco Systems
  • Inc. (US)
  • Alstom SA (France)
  • General Electric Inc. (US)
  • Hitachi Limited (Japan)
  • International Business Machines Corporation (US)
  • Huawei Technologies Co. Ltd (China)
  • Bombardier
  • Inc. (Canada)
  • Siemens AG (Germany)
  • Indra Sistemas SA (Spain)
  • Thales Group (France)
  • Teleste (Finland)

Drivers

  • Rising Adoption of advanced safety Systems Drives the Market Growth
  • Increasing growth of hyper-urbanization
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Market Overview


Global Smart Railway Market is estimated to reach exponential valuation by 2030, growing at a 9.45% CAGR during the forecast period - 2020 to 2030. 


The world is becoming increasingly digitized, and the railway industry would not be immune to this change. Even the railway sector, which is considered a conservative industry with respect to technology adoption, has acknowledged the benefits of going digital. As the railway industry begins to embrace digital technologies, connectivity, cloud, and artificial intelligence (AI) have emerged as three key areas building blocks of the industry's transformation.


Digitalization in the railway industry ensures operational efficiency, sustainability, improved customer experience, and customer satisfaction, which used to be paramount concerns railway operators worldwide were facing until recently. Urbanization, increasing mobility, and higher safety & sustainability standards have led to a more demanding playing field.


COVID-19 Analysis


COVID 19 hit the overall railway industry, forcing the industry to reduce their production plants' output. The disruption caused by the pandemic prompted various key component suppliers and technology providers to cut back expenses and production in some areas. Resultantly, industry players intensively started working on countermeasures and alternatives to minimize the impact. Emerging economic and technical trends presented new challenges to ICT construction in the urban rail sector.


However, the smart railway market is returning to normal, and subsequently, revenues are too picking up gradually. To maximize the core advantages of urban rail transportation, growing numbers of countries are implementing smart railways, establishing ICT-enabled applications to provide more convenient passenger transport services. Now, there are higher and more diversified requirements on urban rail operational management.


Train-to-ground wireless communications networks are improving, too, offering more reliable, secure, and larger transmission bandwidth. Advances in IP-based and broadband networks and the rapid growth of IP services such as CCTV and multimedia advertising have improved bandwidth utilization, constructing highly reliable network construction.


Market Dynamics


Drivers & Opportunities


Rising Adoption of advanced safety Systems Drives the Market Growth


Smart railways offer advanced and reliable services that enhance operational efficiency, passenger experience, and high returns on investments (ROI). Increasing demand for efficient and safer commuting services creates substantial smart railway market demand. Besides, the increasing adoption of IoT technology and the growing demand for cloud-based services foster the smart railway market growth. 


Technological advances in the fields across the network, radio access, sensors, and other systems, along with the proliferation of the Internet of Things and IoT devices, boost the smart railway market size. Furthermore, advances in radio-based communication networks such as Bluetooth, Wi-Fi, and 3G & 4G services improve the efficiencies in smart railways projects.


Restraints & Challenges


Lack of ICT Infrastructure is a Major Market Restraint


The lack of information & communication technology infrastructure is a major factor projected to hamper the expansion of the smart railway market. The ICT technology combines hardware and software products that ensure the intelligent use of all rail assets. Also, high installation costs and concerns related to infrastructure changes of the existing system pose significant challenges to the smart railway market growth.


Segment Overview


The market is segmented on the basis of 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 sub-segmented 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. 


By region, the market is bifurcated into the Americas (US, Canada, Mexico, Rest-of-North America) and South America, Europe (the UK, Germany, Italy, France, and Rest-of-Europe), Asia Pacific (Japan, India, China, South Korea, and Rest-of-the-APAC), and Rest-of-the-World.


Regional Analysis


Europe Dominates the Global Smart Railway Market


Globally, Europe holds the largest share in the smart railway market. The region is the global hub for high-end train manufacturers and a promising market for luxury autonomous trains. In 2017, the smart railway market in Europe accounted for a 54.5% market share, with a market value of USD 6,301.7 million, which is estimated to grow further at a 15.8% CAGR during the forecast period. 


Factors such as the adoption of IoT technology, fast economic growth, and significant investments in smart railways projects by the government drive the growth of the regional market. Recently, European Union assigned USD 6.6 million funding for the Horizon 2020 research and innovation program for smart railways. Such government initiatives boost the smart railway market size. 


North America Derives Second-Largest Market Share


North America is the second-largest market for smart railways. In 2017, the region accounted for a market valuation of USD 2,776.6 million, which is expected to grow further at a 16.7% CAGR during the assessment period. The smart railways market in North America is experiencing a huge demand due to the increasing penetration of advanced technologies. Furthermore, the increasing mobility and innovations, and technology upgrades with respect to railway infrastructure are fostering the growth of the smart railways market.


APAC is Emerging Market for Smart Railways


The Asia Pacific region is a rapidly emerging market for smart railways. The increase in R&D investments for the development of autonomous trains boosts the growth of the regional market. Besides, rising consumer preference and government spending to implement high-performance trains positively impact the regional market growth. 


Moreover, increasing smart city projects, including smart railways and smart hospitals, influence market growth. The Asia Pacific smart railway market is expected to grow at a 19.7% CAGR during the assessment period.


Competitive Landscape


Highly competitive, the smart railway market appears fragmented with the presence of many key industry players. Players initiate strategic moves such as collaboration, mergers & acquisitions, innovation, and brand reinforcement to gain a larger competitive share. 


List of Key Companies 


Top companies operating in the global smart railway market include Cisco Systems, Inc. (US), Alstom SA (France), General Electric Inc. (US), Hitachi Limited (Japan), International Business Machines Corporation (US), Huawei Technologies Co. Ltd (China), Bombardier, Inc. (Canada), Siemens AG (Germany), Indra Sistemas SA (Spain), Thales Group (France), and Teleste (Finland), among others.  


Alstom SA is a French multinational rolling stock manufacturer operating in rail transport markets worldwide. The company is active in the fields of passenger transportation, signaling, and locomotives, with products. Alstom also develops and markets integrated systems that provide the sustainable foundations for the future of transportation, leading the way to greener and smarter mobility worldwide. Alstom offers a complete range of equipment and services, from high-speed trains, metros, trams, and e-buses to integrated systems, customized services, infrastructure, signaling, and digital mobility solutions.


Recent Developments


Jan. 26, 2021 – Alstom SA announced the acquisition of B&C Transit, Inc., a transit engineering design and construction company specializing in the passenger rail sector. This transaction reinforces Alstom's position in the North American signaling market to benefit transit agencies and operators across the United States and Canada. 


Jan. 21, 2021 – Alstom SA announced signing a Memorandum of Understanding (MoU) with Serbia's Government for the construction of the future Belgrade metro. As per the MoU, Alstom would be responsible for a wide scope of works, including the metro trains themselves, digital train control systems, platform screen doors, the infrastructure, and the transport system integration. 


Jan. 20, 2021 – Alstom SA announced winning a contract worth €106 million from the National Capital Region Transport Corporation Ltd. (NCRTC) India to design, supply, and install the signaling, train control, and telecommunication system. NCRTC is a joint venture (JV) between the Government of India and the States of Haryana, Delhi, Rajasthan, and Uttar Pradesh, implementing RRTS, a first-of-its-kind semi-high-speed rail line. 


Report Overview 


The smart railway software market analysis features unique and relevant factors expected to significantly impact the market growth during the forecast period. The detailed and considerable amount of smart railway software market study would help industry players better understand the market. The MRFR report elaborates on the historical and current smart railway software market trends, boosting the growth of the market. The analysis of COVID-19 impact on smart railway software market revenue is also included in the report. 


This report examines the pricing structure, profit margins, and production influencing the smart railway software market share. Regional assessment explained in this smart railway software market forecast unlocks many untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, the scope of the existing & emerging product in new markets, pricing strategies, innovation possibilities, and much more.


Segment Table


Type



  • Station Type

  • Onboard Trains Type


Component



  • Networking & Connectivity Devices

  • Control & Maintenance

  • Video Surveillance Cameras

  • Multimedia Infotainment Devices

  • Others


Services



  • Consulting Services

  • System Integration & Deployment

  • Support & Maintenance


Solution 



  • Smart Ticketing System

  • Passenger Information System

  • Rail Communication & Networking System

  • Advanced Security Monitoring System

  • Rail Analytics System

  • Freight Information System


By Region 



  • North America

  • Europe

  • Asia Pacific

  • Rest of the World (RoW)



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant USD
  CAGR   9.45% CAGR
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Significant value
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Services
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   Cisco Systems Inc. (US) Alstom SA (France) General Electric Inc. (US) Hitachi Limited (Japan) International Business Machines Corporation (US) Huawei Technologies Co. Ltd (China) Bombardier Inc. (Canada) Siemens AG (Germany) Indra Sistemas SA (Spain) Thales Group (France) Teleste (Finland)
  Key Market Opportunities   Rising Adoption of advanced safety Systems Drives the Market Growth
  Key Market Drivers   Smart railways offer advanced and reliable services that enhance operational efficiency, passenger experience, and high returns on investments (ROI).


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Frequently Asked Questions (FAQ) :

A 9.45% CAGR is estimated to set the development pace of the market favorably.

The forecast period covers the years from 2020 to 2030.

The integration of new-generation solutions and services for rail transportation and operations is expected to spur the overall market growth.

The European region is projected to develop as the largest region due to the presence of a well-developed railway network in the region.

A 15.8% CAGR growth is expected to be gained by the region in the course of the forecast period.

Cisco Systems, Inc. (US), Huawei Technologies Co. Ltd (China), General Electric Inc. (US), Hitachi Limited (Japan), Alstom SA (France), and International Business Machines Corporation (US) are the competitors investing in the market.

A CAGR of 19.7% is expected to strengthen the position of the APC region as the fastest-growing region in the market.