Global Smart Railways Market Research Report - Forecast to 2023

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Introduction

The factors driving smart railways market include increasing demand for cloud-based services, growing rate of hyper-urbanization, adoption of the Internet of Things are encouraging the demand of smart railways and influencing the market growth. Smart railways offer new generation solutions, services and modern transportation with the help of information and communication technology. Advancements in networking, artificial intelligence, and big data analytics have set the pace for the market growth of smart railways. Cisco Systems, Inc., General Electric, ABB Ltd., IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Siemens AG, are some of the leading providers of smart railways solution. To meet the increasing consumer demand for efficient and safer commute, the smart railways offers advanced and reliable service to the passengers. The global infrastructure development, expanding economy, and increasing global demographics are also propelling the demand for the smart railway. The smart railways provide improved operational efficiency, passenger experience and a high return on investments.

In smart railways market, the type is segmented into stations type and by onboard (in rail) type. At station, the smart railway offers better passenger amenities and IT infrastructure to enhance the traveling experience of the customers. The smart railway is likely to gain huge demand in the forthcoming years due to increasing adoption of the latest technology and cloud service.

The increasing demand for cloud-based services is propelling the growth of smart railways market. The smart railways are integrated with sensors and computing resources. With the adoption of technologies including virtualization, cognitive computing, analytical and predictive modeling, and others, the market has grown to a great extent. Cognitive computing along with machine learning algorithms are used for intelligent asset management in railway industry. 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 in order to deliver a more efficient performance.

The global smart railways market was valued at USD 11.56 billion in the year 2017, which is expected to reach USD 27.31 billion by the end of the forecast period growing at ~13.38% CAGR.

Key Players

The key players of smart railways market include Alstom SA, Cisco Systems, Inc., General Electric, IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Siemens AG, Bombardier, Inc., Indra Sistemas SA and Teleste.

Global Smart Railways Market Analysis & Forecast, from 2017 to 2024

• To provide detailed analysis of the market structure along with forecast for the next ten years of the various segments and sub-segments included in global smart railways market with analysis of its development and demand in the market
• Upcoming technologies, high growth geographies, and countries were identified
• Regional and country-specific demand and forecast for smart railways were studied
• Key segments covered in the report are component, services, solution, and application.
• Unit breakdown for all different classification was finalized and the same was referred for forecasting, keeping few assumptions into factor
• For all the regions, forecast demand for all applications was identified and then with historical figure, data collected through primary and annual reports were triangulated to derive the regional market size
• Historical trend is identified to forecast and estimate the future value data

Target Audience

• 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

Key Findings

• The global smart railways market is expected to reach USD 27.31 billion by 2024.
• By component, video surveillance cameras in smart railways account for the largest market share and are growing with approximately ~12.76% CAGR during the forecast period.
• By type, stations sub-segment holds the largest market growing with approximately 12.95% CAGR by the end of the forecast period.
• Geographically, Europe region has been projected to have the largest market share in global smart railways market followed by North America, while Asia-Pacific region has been projected to show positive growth in smart railways market.

Regional and Country Analysis of Smart Railways Market Estimation and Forecast

The global smart railways market is expected to grow at a promising rate during the forecast period, 2016-2022. 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.

The reports also cover country-level analysis:

• North America
o US
o Canada
o Mexico
o Others
• Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World



1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 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 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 Market Factor Analysis
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 Global Smart Railway Market, By Type
6.1 Overview
6.2 Station Type by Sub-Segment
6.2.1.1 By Component
6.2.1.2 By Service
6.2.1.3 By Solution
6.3 On-board Trains by Sub-Segment
6.3.1.1 By Component
6.3.1.2 By Service
6.3.1.3 By Solution
7 Global Smart Railway Market, by Component
7.1 Introduction
7.2 Multimedia Infotainment Displays
7.3 Video Surveillance Cameras
7.4 Networking & Connectivity Devices
8 Global Smart Railway Market, by Services
8.1 Introduction
8.2 System Integration & Deployment
8.3 Consulting Services
8.4 Support & Maintenance
9 Global Smart Railway Market, by Solution
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 Smart Railway Market, By Region
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 Competitive Landscape
11.1 Competitive Landscape
12 Company Profiles
12.1 Alstom SA (France)
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offerings
12.1.4 Key Developments
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
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
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
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
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
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
12.10 Teleste
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offerings
12.10.4 Key Developments


List Of Tables



TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 3 GLOBAL SMART RAILWAY STATIONS MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 4 GLOBAL SMART RAILWAY STATIONS MARKET, BY SERVICE, 2018-2024 (USD MILLION)
TABLE 5 GLOBAL SMART RAILWAY STATIONS MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 6 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 7 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY SERVICE, 2018-2024 (USD MILLION)
TABLE 8 GLOBAL SMART RAILWAY ON-BOARD TRAINS MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 9 GLOBAL SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 10 GLOBAL SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 11 GLOBAL SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 12 GLOBAL SMART RAILWAY MARKET, BY REGION, 2018-2024 (USD MILLION)
TABLE 13 NORTH AMERICA: SMART RAILWAY MARKET, BY COUNTRY, 2018-2024 (USD MILLION)
TABLE 14 NORTH AMERICA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 15 NORTH AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 16 NORTH AMERICA SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION)
TABLE 17 NORTH AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 18 U.S.: SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 19 U.S.: SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 20 U.S.: SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 21 U.S.: SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 22 CANADA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 23 CANADA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 24 CANADA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 25 CANADA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 26 MEXICO: SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 27 MEXICO: SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 28 MEXICO: SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 29 MEXICO: SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 30 EUROPE SMART RAILWAY MARKET, BY COUNTRY, 2018-2024 (USD MILLION)
TABLE 31 EUROPE SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 32 EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 33 EUROPE SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION)
TABLE 34 EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 35 THE U.K SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 36 THE U.K SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 37 THE U.K SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 38 THE U.K SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 39 GERMANY SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 40 GERMANY SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 41 GERMANY SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 42 GERMANY SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 43 FRANCE SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 44 FRANCE SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 45 FRANCE SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 46 FRANCE SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 47 REST OF EUROPE SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 48 REST OF EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 49 REST OF EUROPE SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 50 REST OF EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 51 ASIA PACIFIC SMART RAILWAY MARKET, BY COUNTRY, 2018-2024 (USD MILLION)
TABLE 52 ASIA PACIFIC SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 53 ASIA PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 54 ASIA PACIFIC SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION)
TABLE 55 ASIA PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 56 CHINA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 57 CHINA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 58 CHINA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 59 CHINA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 60 JAPAN SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 61 JAPAN SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 62 JAPAN SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 63 JAPAN SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 64 INDIA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 65 INDIA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 66 INDIA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 67 INDIA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 68 REST OF ASIA PACIFIC SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 69 REST OF ASIA PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 70 REST OF ASIA PACIFIC SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 71 REST OF ASIA PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 72 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COUNTRY, 2018-2024 (USD MILLION)
TABLE 73 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 74 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 75 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION)
TABLE 76 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 77 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 78 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 79 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 80 THE MIDDLE EAST & AFRICA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
TABLE 81 LATIN AMERICA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
TABLE 82 LATIN AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
TABLE 83 LATIN AMERICA SMART RAILWAY MARKET, BY SERVICES, 2018-2024 (USD MILLION)
TABLE 84 LATIN AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)


List Of Figures



FIGURE 1 GLOBAL SMART RAILWAY MARKET: MARKET STRUCTURE
FIGURE 1 RESEARCH PROCESS OF MRFR
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 PORTERS FIVE FORCES ANALYSIS OF THE GLOBAL SMART RAILWAY MARKET
FIGURE 8 GLOBAL SMART RAILWAY MARKET, BY TYPE, 2017 TO 2024 (USD MILLION)
FIGURE 9 GLOBAL SMART RAILWAY MARKET, BY COMPONENT, 2017 TO 2024 (USD MILLION)
FIGURE 10 GLOBAL SMART RAILWAY MARKET, BY SERVICES, 2017 TO 2024 (USD MILLION)
FIGURE 11 GLOBAL SMART RAILWAY MARKET, BY SOLUTION, 2017 TO 2024 (USD MILLION)
FIGURE 12 GLOBAL SMART RAILWAY MARKET, BY REGION, 2017 TO 2024 (USD MILLION)
FIGURE 13 NORTH AMERICA: SMART RAILWAY MARKET, BY COUNTRY, 2017 TO 2024 (USD MILLION)
FIGURE 14 NORTH AMERICA SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
FIGURE 15 NORTH AMERICA SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
FIGURE 16 NORTH AMERICA SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION)
FIGURE 17 NORTH AMERICA SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
FIGURE 18 EUROPE: SMART RAILWAY MARKET, BY COUNTRY, 2017 TO 2024 (USD MILLION)
FIGURE 19 EUROPE SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
FIGURE 20 EUROPE SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
FIGURE 21 EUROPE SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION)
FIGURE 22 EUROPE SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
FIGURE 23 ASIA PACIFIC SMART RAILWAY MARKET, BY COUNTRY, 2017 TO 2024 (USD MILLION)
FIGURE 24 ASIA PACIFIC SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
FIGURE 25 ASIA PACIFIC SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
FIGURE 26 ASIA PACIFIC SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION)
FIGURE 27 ASIA PACIFIC SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
FIGURE 28 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COUNTRY, 2017 TO 2024 (USD MILLION)
FIGURE 29 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY TYPE, 2018-2024 (USD MILLION)
FIGURE 30 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY COMPONENT, 2018-2024 (USD MILLION)
FIGURE 31 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SERVICE, 2018-2024 (USD MILLION)
FIGURE 32 REST OF THE WORLD (ROW) SMART RAILWAY MARKET, BY SOLUTION, 2018-2024 (USD MILLION)
FIGURE 33 GLOBAL SMART RAILWAYS MARKET KEY PLAYERS MARKET SHARE, 2017 (%)


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