Railway Platform Security Global Market Report 2024

The railway platform security market has grown strongly in recent years. It will grow from $2.3 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.

The railway platform security market is expected to see strong growth in the next few years. It will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.

The anticipated rise in security threats is expected to drive the growth of the railway platform security market. Security threats, defined as attacks aimed at stealing data, corrupting systems, or disrupting organizational operations, pose an increasing risk. Railway platform security systems are crucial in identifying unattended luggage in train carriages and tracking suspected terrorist activity at numerous railway stations. These security measures aim to safeguard passengers, staff, and infrastructure from potential threats. Consequently, the growing number of security threats is likely to fuel the demand for railway platform security. For example, in 2022, Cylus Ltd., an Israel-based company, developed platform security solutions tailored to the unique needs of the railway sector, responding to a 220% increase in cyberattacks over the past five years. As digitalization progresses in US railroad and rail transit systems, the avenues for potential breaches and threats to core systems continue to expand, further emphasizing the importance of railway platform security.

The surge in infrastructure investment is expected to propel the growth of the railway platform security market. Infrastructure investment involves allocating funds, resources, and efforts toward developing, enhancing, and maintaining physical and organizational structures essential for societal, economic, or industrial functioning. This financial commitment supports the implementation of comprehensive security measures, incorporating technology and best practices to address the evolving nature of security threats on railway platforms. The railway platform security market's growth is closely tied to the dedication to creating a safe and secure environment through strategic infrastructure investments. For instance, in May 2023, the UK Government Digital Service reported an increase in the percentage of government investment allocated to infrastructure, rising from 32.0% in 2020 to 34.6% in 2021. Consequently, the upswing in infrastructure investment stands as a key driver for the growth of the railway platform security market.

The dominant trend gaining traction in the railway platform security market is the adoption of new technologies, with major companies actively focusing on innovation in this realm. One notable example is ADLINK Technology Inc., a Taiwan-based company specializing in the development and production of goods for applications in test and measurement, automation, and embedded computing. In November 2021, ADLINK introduced its AVA-RAGX AI-enabled video analytics platform, emphasizing the creation of next-generation rail solutions such as passenger security, danger monitoring, and railroad incursion detection. AVA-RAGX provides a small, robust AI-enabled system for both onboard and wayside railway applications, demonstrating effective and reliable operation in challenging conditions. ADLINK's access to advanced processing technology and technical support enables the development of open standards-based heterogeneous computing solutions for next-generation AI and machine learning applications.

Major players in the railway platform security market are driving innovation through the introduction of comprehensive technological platforms such as the Rail Tech Security Platform. Cylus Ltd., an Israel-based cybersecurity solutions company, launched the Rail Tech Security Platform in May 2023. This platform offers rail operators a comprehensive solution for proactively monitoring and controlling risk and cybersecurity in running rail technology systems. Tailored specifically for rail applications, the platform is optimized to safeguard critical rail technology applications, including trackside infrastructure, rolling stock, train-to-ground communications, operations centers, and stations. The Rail Tech Security Platform provides automated, real-time visibility into rail technology, empowering security and operations teams to collaborate effectively, enhance rail security and resilience, and ensure safe and reliable rail operations. Additionally, it facilitates the acceleration and verification of compliance with industry and government regulations.

In January 2021, Alstom, a leading French company specializing in providing infrastructure for electrification, digitalization, and traffic control, successfully acquired Bombardier Transportation for an undisclosed amount. This strategic move aligns with Alstom's overarching objectives of bolstering its leadership position in the rapidly growing sustainable mobility sector. The acquisition is designed to enable Alstom to achieve critical mass across diverse geographical regions, facilitating the integration of additional solutions and assets. The ultimate aim is to enhance Alstom's ability to better serve its clients on a global scale. Bombardier Transportation, the acquired entity, is a Germany-based company renowned for its offerings in rail solutions, encompassing e-mobility technology, signaling systems, and the manufacturing of trains. This acquisition reinforces Alstom's strategic positioning and strengthens its capabilities in providing comprehensive solutions within the dynamic rail industry.

Major companies operating in the railway platform security market report are Honeywell International Inc., Indra Sistemas S.A, Huawei Technologies Co. Ltd., Robert Bosch GmbH, Atos SE, Mitsubishi Electric Corporation, Genetec Technology company, L&T Technology Services Limited, Teledyne FLIR LLC, Wabtec Corporation, Knorr-Bremse AG, Cervello Ltd., Adani Systems Inc., Navtech Radar company, Thales Group Inc., Siemens AG, Alstom, Nokia Networks, Axis Communications AB, Zhejiang Dahua Technology Co.Ltd., Verint Systems Inc., Hikvision Digital Technology Co.Ltd., Talentum lnc., Anixter International Inc., Senstar Corporation, Bosch Security Systems lnc., FLIR Systems Inc., G4S plc, Johnson Controls International plc, NICE Systems Ltd., Panasonic Corporation, Qognify Inc., Safran Identity & Security, Tyco International Ltd., United Technologies Corporation.

Asia-Pacific was the largest region in the railway platform security market in 2023. The regions covered in the railway platform security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the railway platform security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The key elements of railway platform security involve software and services. In this context, software components are defined as compositional units with precisely outlined context dependencies and contractually established interfaces. These software components play a crucial role in managing and controlling the network of surveillance cameras deployed on railway platforms. The comprehensive railway platform security solutions encompass sensors, video surveillance systems, platform edge doors, and alert systems equipped with specialized sensors such as radar, microwave, and infrared. The provision of professional services and managed services is extended to subways and trains as part of the railway platform security framework.

The railway platform security market research report provides railway platform security market statistics, including railway platform security industry global market size, regional shares, competitors with a railway platform security market share, detailed railway platform security market segments, market trends and opportunities, and any further data you may need to thrive in the railway platform security industry. This railway platform security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The railway platform security market consists of revenues earned by entities by providing solutions to risk assessment and security planning, access control, and crowd management. The market value includes the value of related goods sold by the service provider or included within the service offering. The railway platform security market also includes sales of emergency alert systems, communication devices, and access control systems used to regulate the entry and exit of passengers on railway platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.