Smart Railways Market Research Report – Forecast to 2024

Smart Railways Market Research Report – Forecast to 2024

ID: MRFR/ICT/1992-CRR | May, 2018 | Region: Global | 100 pages | Cooked Research Reports

Global Smart Railways Market Research Report – By Type (Onboard), Component (Multimedia Infotainment Displays, Video Surveillance Cameras), Solution (Advanced Security Monitoring System), Services (Consulting Services), Regions – Forecast Till 2024


Market Scenario


A few factors are encouraging the demand for smart railways, such as the increasing demand for cloud-based services, increasing rate of hyper-urbanization, and adoption of the internet of things. Smart railways offer new generation solutions, services, and modern transportation to the passengers with the help of information and communication technology. Advancements in networking, artificial intelligence, and big data analytics have set the pace for the growth of smart railways market. The wireless communication technology plays a crucial role in maintaining transportation operation, in improvising high-speed rail, in safety monitoring, and other applications. The smart railway services are integrated with the cloud computing technology to improve their application in railway and offer safer transportation to the consumers. The cloud-based applications are offering intelligent and smart solutions to provide reliable and sustainable mass transit. The major industry players are entering into partnerships to ensure better and economical solutions. On Sep 13, 2016, Herzog Technologies, a leader in the railroad signal and communications industry, entered into a partnership with Red Hat to provide cost-effective, open source, and cloud-based positive train control (PTC) technology services. The cloud-based positive train control solutions deliver efficient performance


 The Cisco Systems, Inc., General Electric, ABB Ltd., IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Siemens AG, and others, are the leading providers of smart railway solutions. The smart railways offers advanced and reliable service to the passengers to meet the increasing consumer demand for efficient and safer services. The global infrastructure saturation, expanding economy, and increasing global demographics are also propelling the demand for the smart railway. The smart railways provide an improvement in operational efficiency, passenger experience, and return on investments


Segmentation of Global Smart Railways Market


The global smart railways market is segmented on the basis of the type, component, solution, services, and region. The type segment is further sub-segmented into the station and onboard type. The component is sub-segmented into multimedia infotainment displays, video surveillance cameras, and networking & connectivity devices. The solutions are segmented into advanced security monitoring system, passenger information system, rail communication & networking system, freight information system, rail analytics system, smart ticketing system. The services are segmented into system integration & deployment, consulting services, and support & maintenance. The market is covered across regions including North America, Europe, Asia Pacific, and Rest of the World.


Key Findings:



  • The global smart railways market is expected to reach USD 27.31 billion market value by 2024 at a CAGR of 13.38% during the forecast period 2018-2024.

  • By type, stations are dominating the market and have generated USD 8,298.6 million markets in 2017 and are expected to grow at a CAGR of 12.95%.

  • By the component, video surveillance cameras are dominating the market, generating a USD 4,472.9 million in 2017 and are expected to grow at a CAGR of 12.76%.

  • By the services, consulting services segment is dominating the market and generated USD 5,170.2 million in 2017 growing with a CAGR of31%.

  • By the solution, Rail communication and networking systems segment is dominating the market and generated USD 3,163.6 million in 2017 and is expected to grow with a CAGR of 13.27%.

  • Geographically, Europe has been projected to hold the largest market share in the global smart railways market followed by North America.


Source: MRFR Analysis


Key Players


Some of the prominent players in the global smart railways market Alstom SA (France), Cisco Systems, Inc. (U.S.), General Electric Inc. (U.S.), International Business Machines Corporation (U.S.), Hitachi Limited (Japan), Huawei Technologies Co. Ltd. (China), Siemens AG (Germany), Bombardier, Inc. (Canada), Indra Sistemas SA (Spain), Teleste (Finland) among others.


Regional Analysis


The regional analysis of smart railways market is done for North America, Asia Pacific, Europe, and the Rest of the World. Europe is experiencing a huge demand due to the internet of things technology, faster economic growth, and huge investments in smart railways projects by the government. While, in the North American region, the increasing penetration of cloud services and IoT platforms are poised to attract the market for smart railways. Whereas, Asia Pacific countries, including China, Japan, and India, are the emerging market for smart railways and it is expected to grow with the highest CAGR in the coming years.


Intended Audiences



  • Smart railways companies

  • Smart railways providers

  • Computer graphics developers

  • System integrators and third-party vendors

  • Government bodies

  • Technology investors  

  • Research institutes and organizations

  • Market research and consulting firms

  • End-users/enterprise-users

License

Single User Enterprise User (Buy Premium Reports Chapterwise)
Currency

TABLE OF CONTENTS

2.1 Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Market Structure

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

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 Challenges

4.3.1 Lack of ICT Infrastructure

4.3.2 Restraints Impact Analysis

4.4 Opportunities

4.4.1 Emerging Trend of Smart Cities

5.1 Smart Railways Infrastructure Framework

5.2 Porter’s Five Forces Model

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Suppliers

5.2.3 Bargaining Power of Buyers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Rivalry

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

7.1 Introduction

7.2 Multimedia Infotainment Displays

7.3 Video Surveillance Cameras

7.4 Networking & Connectivity Devices

8.1 Introduction

8.2 System Integration & Deployment

8.3 Consulting Services

8.4 Support & Maintenance

9.1 Introduction

9.2 Advanced Security Monitoring System

9.3 Passenger Information System

9.4 Rail Communication & Networking System

9.5 Freight Information System

9.6 Rail Analytics System

9.7 Smart Ticketing System

10.1 Introduction

10.2 North America

10.2.1 U.S.

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 The U.K

10.3.2 Germany

10.3.3 France

10.3.4 Rest of Europe

10.4 Asia Pacific

10.4.1 China

10.4.2 Japan

10.4.3 India

10.4.4 Rest of Asia Pacific

10.5 Rest of the world (ROW)

10.5.1 The Middle East & Africa

10.5.2 Latin America

11.1 Market Share Analysis

12.1 Alstom SA

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Products Offerings

12.1.4 Key Developments (2017-2018)

12.1.5 SWOT Analysis

12.1.6 Key Strategy

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 (2017-2018)

12.2.5 SWOT Analysis

12.2.6 Key Strategy

12.3 General Electric

12.3.1 Company Overview

12.3.2 Financial Overview

12.3.3 Products Offerings

12.3.4 Key Developments (2017-2018)

12.3.5 SWOT Analysis

12.3.6 Key Strategy

12.4 IBM Corporation

12.4.1 Company Overview

12.4.2 Financial Overview

12.4.3 Products Offerings

12.4.4 SWOT Analysis

12.4.5 Key Strategy

12.5 Hitachi Limited

12.5.1 Company Overview

12.5.2 Financial Overview

12.5.3 Products Offerings

12.5.4 SWOT Analysis

12.5.5 Key Strategy

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 (2017-2018)

12.6.5 SWOT Analysis

12.6.6 Key Strategy

12.7 Siemens AG (Germany)

12.7.1 Company Overview

12.7.2 Financial Overview

12.7.3 Products Offerings

12.7.4 Key Developments (2017-2018)

12.7.5 SWOT Analysis

12.7.6 Key Strategy

12.8 Bombardier, Inc.

12.8.1 Company Overview

12.8.2 Products Offerings

12.8.3 Key Developments (2017-2018)

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 (2017-2018)

12.10 Teleste

12.10.1 Company Overview

12.10.2 Financial Overview

12.10.3 Products Offerings

12.10.4 Key Developments (2017-2018)

TABLE 1 LIST OF ASSUMPTIONS 16

TABLE 2 GLOBAL SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 31

TABLE 3 GLOBAL SMART RAILWAY STATIONS MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 32

TABLE 4 GLOBAL SMART RAILWAY STATIONS MARKET, BY SERVICE, 2018-2024 (USD MILLION) 33

TABLE 5 GLOBAL SMART RAILWAY STATIONS MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 33

TABLE 6 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 34

TABLE 7 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY SERVICE, 2018-2024 (USD MILLION) 35

TABLE 8 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 36

TABLE 9 GLOBAL SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 39

TABLE 10 GLOBAL SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 42

TABLE 11 GLOBAL SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 46

TABLE 12 GLOBAL SMART RAILWAY MARKET, BY REGION, 2018-2024 (USD MILLION) 48

TABLE 13 NORTH AMERICA: SMART RAILWAY MARKET, BY COUNTRY, 2018-2024 (USD MILLION) 49

TABLE 14 NORTH AMERICA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 50

TABLE 15 NORTH AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 51

TABLE 16 NORTH AMERICA SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION) 52

TABLE 17 NORTH AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 53

TABLE 18 U.S.: SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 54

TABLE 19 U.S.: SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 54

TABLE 20 U.S.: SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 54

TABLE 21 U.S.: SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 55

TABLE 22 CANADA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 55

TABLE 23 CANADA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 56

TABLE 24 CANADA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 56

TABLE 25 CANADA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 56

TABLE 26 MEXICO: SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 57

TABLE 27 MEXICO: SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 57

TABLE 28 MEXICO: SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 57

TABLE 29 MEXICO: SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 58

TABLE 30 EUROPE SMART RAILWAY MARKET, BY COUNTRY, 2018-2024 (USD MILLION) 59

TABLE 31 EUROPE SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 60

TABLE 32 EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 61

TABLE 33 EUROPE SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION) 61

TABLE 34 EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 62

TABLE 35 THE U.K SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 63

TABLE 36 THE U.K SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 63

TABLE 37 THE U.K SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 63

TABLE 38 THE U.K SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 64

TABLE 39 GERMANY SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 64

TABLE 40 GERMANY SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 65

TABLE 41 GERMANY SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 65

TABLE 42 GERMANY SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 65

TABLE 43 FRANCE SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 66

TABLE 44 FRANCE SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 66

TABLE 45 FRANCE SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 66

TABLE 46 FRANCE SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 67

TABLE 47 REST OF EUROPE SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 67

TABLE 48 REST OF EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 68

TABLE 49 REST OF EUROPE SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 68

TABLE 50 REST OF EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 68

TABLE 51 ASIA PACIFIC SMART RAILWAY MARKET, BY COUNTRY, 2018-2024 (USD MILLION) 69

TABLE 52 ASIA PACIFIC SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 70

TABLE 53 ASIA PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 71

TABLE 54 ASIA PACIFIC SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION) 72

TABLE 55 ASIA PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 73

TABLE 56 CHINA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 73

TABLE 57 CHINA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 74

TABLE 58 CHINA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 74

TABLE 59 CHINA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 74

TABLE 60 JAPAN SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 75

TABLE 61 JAPAN SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 75

TABLE 62 JAPAN SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 75

TABLE 63 JAPAN SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 76

TABLE 64 INDIA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 76

TABLE 65 INDIA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 77

TABLE 66 INDIA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 77

TABLE 67 INDIA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 77

TABLE 68 REST OF ASIA PACIFIC SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 78

TABLE 69 REST OF ASIA PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 78

TABLE 70 REST OF ASIA PACIFIC SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 78

TABLE 71 REST OF ASIA PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 79

TABLE 72 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COUNTRY, 2018-2024 (USD MILLION) 80

TABLE 73 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 80

TABLE 74 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 81

TABLE 75 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION) 82

TABLE 76 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 83

TABLE 77 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 84

TABLE 78 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 84

TABLE 79 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 84

TABLE 80 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 85

TABLE 81 LATIN AMERICA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 85

TABLE 82 LATIN AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 86

TABLE 83 LATIN AMERICA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION) 86

TABLE 84 LATIN AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 86

FIGURE 1 GLOBAL SMART RAILWAY MARKET: MARKET STRUCTURE 16

FIGURE 1 RESEARCH PROCESS OF MRFR 18

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 21

FIGURE 3 DROC ANALYSIS OF GLOBAL SMART RAILWAY MARKET 23

FIGURE 4 DRIVERS IMPACT ANALYSIS: SMART RAILWAY MARKET 25

FIGURE 5 RESTRAINTS IMPACT ANALYSIS: ABC MARKET 26

FIGURE 6 SMART RAILWAYS INFRASTRUTURE FRAMEWORK 28

FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SMART RAILWAY MARKET 28

FIGURE 8 GLOBAL SMART RAILWAY MARKET, BY TYPE, 2017 TO 2024 (USD MILLION) 31

FIGURE 9 GLOBAL SMART RAILWAY MARKET, BY COMPONENT, 2017 TO 2024 (USD MILLION) 39

FIGURE 10 GLOBAL SMART RAILWAY MARKET, BY SERVICES, 2017 TO 2024 (USD MILLION) 42

FIGURE 11 GLOBAL SMART RAILWAY MARKET, BY SOLUTION, 2017 TO 2024 (USD MILLION) 46

FIGURE 12 GLOBAL SMART RAILWAY MARKET, BY REGION, 2017 TO 2024 (USD MILLION) 48

FIGURE 13 NORTH AMERICA: SMART RAILWAY MARKET, BY COUNTRY, 2017 TO 2024 (USD MILLION) 49

FIGURE 14 NORTH AMERICA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 50

FIGURE 15 NORTH AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 50

FIGURE 16 NORTH AMERICA SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION) 51

FIGURE 17 NORTH AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 52

FIGURE 18 EUROPE: SMART RAILWAY MARKET, BY COUNTRY, 2017 TO 2024 (USD MILLION) 59

FIGURE 19 EUROPE SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 60

FIGURE 20 EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 60

FIGURE 21 EUROPE SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION) 61

FIGURE 22 EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 62

FIGURE 23 ASIA PACIFIC SMART RAILWAY MARKET, BY COUNTRY, 2017 TO 2024 (USD MILLION) 69

FIGURE 24 ASIA PACIFIC SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 70

FIGURE 25 ASIA PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 70

FIGURE 26 ASIA PACIFIC SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION) 71

FIGURE 27 ASIA PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 72

FIGURE 28 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COUNTRY, 2017 TO 2024 (USD MILLION) 79

FIGURE 29 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION) 80

FIGURE 30 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION) 81

FIGURE 31 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION) 82

FIGURE 32 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION) 83

FIGURE 33 GLOBAL SMART RAILWAYS MARKET KEY PLAYERS MARKET SHARE, 2017 (%) 88