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Global Smart Railway Market

  • ID: 5448966
  • Report
  • October 2021
  • Region: Global
  • 185 Pages
  • Qualiket Research
UP TO OFF until May 27th 2022

FEATURED COMPANIES

  • ABB Ltd
  • Aitek S.P.A.
  • Alstom
  • BOMBARDIER INC.
  • Cisco Systems Inc.
  • Hitachi
Smart railways are defined as a technologically advanced solution and services which helps to manage railways operations via sharing of rail data across rail infrastructure components like control centers, ticketing department, freight, and passengers. It is an integration of the latest technologies such as IoT, machine learning, big data, cloud, analytics, global positioning systems, and artificial intelligence to make rail operations more efficient and accurate. These railways integrate information & communication technology to the railway infrastructure and provide new generation solutions and services for rail transportation and operations.





Market Drivers


The increase in integration of Internet of Things (IoT) technology in railway is one of the prominent factors which expected to drive the global smart railway market growth. The growing introduction of metro and high-speed rail projects, smart transportation, and smart cities across the globe will positively influence the market growth. Also, the rise in government support for the railways is propelling the global smart railway market growth. Besides, there is a raised population and change in lifestyle, the increase in concerns regarding safety and security among trotters and growing urbanization are some major driving factors contributing to the global smart railway market growth over the forecast period. Improving railway infrastructure with IoT and big data, government initiatives, and environmental awareness among transportation providers, and a high degree of technological advancements in railways are major market trends.

Market Restraint


The High initial cost of deploying the system in the rail transport is expected to hamper the global smart railway market growth. Installation of smart railway system requires huge investment from the government. Thus, lack of government initiatives in developing regions may limit the market growth.

Market Segmentation


The Global Smart Railway Market is segmented into system such as Passenger Information System, Smart Safety & & Security Monitoring System, Rail & Freight Operations Management System, Smart Ticketing System, Rail Analytics System, and Others. Further, market is segmented into offering type such as Services, Solutions, and Components & Devices.

Also, the Global Smart Railway Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players


Various key players are discussed in this report such as ABB Ltd, BOMBARDIER INC., Alstom, Siemens AG, IBM, Huawei Technologies Co., Ltd, Cisco Systems, Inc., Hitachi, Aitek S.P.A., etc.

Market Taxonomy


By System

  • Passenger Information System
  • Smart Safety & & Security Monitoring System
  • Rail & Freight Operations Management System
  • Smart Ticketing System
  • Rail Analytics System
  • Others

By Offering Type

  • Services
  • Solutions
  • Components & Devices

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Questions Addressed by the Report

  • What are the Key Opportunities in Global Smart Railway Market?
  • What will be the growth rate from 2019 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the competitive Landscape in the Industry?
  • What is the role of key players in the value chain?
  • What are the strategies adopted by key players?
Frequently Asked Questions about the Global Smart Railway Market

What is the estimated value of the Global Smart Railway Market?

The Global Smart Railway Market was estimated to be valued at $14.3 billion in 2017.

What is the growth rate of the Global Smart Railway Market?

The growth rate of the Global Smart Railway Market is 9.5%, with an estimated value of $35.5 billion by 2027.

What is the forecasted size of the Global Smart Railway Market?

The Global Smart Railway Market is estimated to be worth $35.5 billion by 2027.

Who are the key companies in the Global Smart Railway Market?

Key companies in the Global Smart Railway Market include ABB Ltd, BOMBARDIER INC., Alstom, Siemens AG, IBM, Huawei Technologies Co. Ltd, Cisco Systems Inc. and Aitek S.P.A..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd
  • Aitek S.P.A.
  • Alstom
  • BOMBARDIER INC.
  • Cisco Systems Inc.
  • Hitachi

1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Railway Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Railway Market, By System
5.1 Y-o-Y Growth Comparison, By System
5.2 Global Smart Railway Market Share Analysis, By System
5.3 Global Smart Railway Market Size and Forecast, By System
5.3.1 Passenger Information System
5.3.2 Smart Safety & & Security Monitoring System
5.3.3 Rail & Freight Operations Management System
5.3.4 Smart Ticketing System
5.3.5 Rail Analytics System
5.3.6 Others
6 Global Smart Railway Market, By Offering Type
6.1 Y-o-Y Growth Comparison, By Offering Type
6.2 Global Smart Railway Market Share Analysis, By Offering Type
6.3 Global Smart Railway Market Size and Forecast, By Offering Type
6.3.1 Services
6.3.2 Solutions
6.3.3 Components & Devices
7 Global Smart Railway Market, By Region
7.1 Global Smart Railway Market Share Analysis, By Region
7.2 Global Smart Railway Market Share Analysis, By Region
7.3 Global Smart Railway Market Size and Forecast, By Region
8 North America Smart Railway Market Analysis and Forecast (2020 - 2027)
8.1 Introduction
8.2 North America Smart Railway Market Share Analysis, By System
8.3 North America Smart Railway Market Size and Forecast, By Offering Type
8.4 North America Smart Railway Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Smart Railway Market Analysis and Forecast (2020 - 2027)
9.1 Introduction
9.2 Europe Smart Railway Market Share Analysis, By System
9.3 Europe Smart Railway Market Size and Forecast, By Offering Type
9.4 Europe Smart Railway Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Smart Railway Market Analysis and Forecast (2020 - 2027)
10.1 Introduction
10.2 Asia Pacific Smart Railway Market Share Analysis, By System
10.3 Asia Pacific Smart Railway Market Size and Forecast, By Offering Type
10.4 Asia Pacific Smart Railway Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Smart Railway Market Analysis and Forecast (2020 - 2027)
11.1 Introduction
11.2 Latin America Smart Railway Market Share Analysis, By System
11.3 Latin America Smart Railway Market Size and Forecast, By Offering Type
11.4 Latin America Smart Railway Market Size and Forecast, By Country
12 Middle East Smart Railway Market Analysis and Forecast (2020 - 2027)
12.1 Introduction
12.2 Middle East Smart Railway Market Share Analysis, By System
12.3 Middle East Smart Railway Market Size and Forecast, By Offering Type
12.4 Middle East Smart Railway Market Size and Forecast, By Country
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 ABB Ltd
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 BOMBARDIER INC
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Alstom
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Siemens AG
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 IBM
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Huawei Technologies Co., Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Cisco Systems, Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Hitachi
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Aitek S.P.A
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd
  • BOMBARDIER INC.
  • Alstom
  • Siemens AG
  • IBM
  • Huawei Technologies Co. Ltd
  • Cisco Systems Inc.
  • Hitachi
  • Aitek S.P.A.
Note: Product cover images may vary from those shown