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Smart Railways Market by Solution (Passenger Information, Freight Information, Rail Communication, Advanced Security Monitoring, Rail Analytics), Component, Service (Professional, Managed), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: TC 1417

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The smart railways market is estimated to grow from USD 10.50 Billion in 2016 to USD 20.58 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.4% during the period 2016–2021. The base year considered for the study is 2015 and the market size forecast is from 2016 to 2021.

Objectives of the study:

  • To define, describe, and forecast the smart railways market on the basis of five regions, namely, North America, Europe, APAC, Middle East and Africa (MEA), and Latin America
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze each sub-segment with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the smart railways market
  • To strategically profile key players of the market and comprehensively analyze their core competencies in the market
  • To track and analyze competitive developments, such as new product launches, mergers & acquisitions, partnerships, agreements, and collaborations in the global smart railways market

The research methodology used to estimate and forecast the smart railways market begins with capturing data on key vendor revenues and the market size of the individual segments through secondary sources such as industry associations, trade journals, IEEE, and the international journal of railway technology etc. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the individual technology segment. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnels, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary discussion participants is depicted in the below figure:

Smart Railways Market

To know about the assumptions considered for the study, download the pdf brochure

The smart railways ecosystem include technology vendors such as Alstom SA (Saint-Quen, France), Cisco Systems, Inc. (San Jose, U.S.), General Electric (Connecticut, U.S.), ABB Ltd (Zurich, Switzerland), IBM Corporation (New York, U.S.), Hitachi Limited (Tokyo, Japan), Bombardier, Inc. (Quebec, Canada), Huawei Technologies Co. Ltd. (Shenzhen, China), Indra Sistemas SA (Alcobendas, Spain), Siemens AG (Munich, Germany), Alcatel-Lucent (Paris, France), and Ansaldo STS (Genoa, Italy), which provide numerous IT and non-IT components required for smart railways solutions and components deployment as well as assessment, consulting, system integration, and support services to smart railways platform.

Key Target Audience

  • Railway operations management solution vendors
  • Transportation technology solution providers
  • Rail infrastructure hardware and devices suppliers
  • Railway management support services providers
  • Railway management companies (private/public)
  • National railway governing authorities/regulators/bodies
  • Transportation research authorities
  • Government authorities related to railway infrastructure services
  • Network and systems integrators
  • Independent software vendors
  • Value-Added Resellers (VARs) and distributors

Scope of the Report

The research report categorizes the smart railways market to forecast the revenues and analyze the trends in each of the following subsegments:

By Solution 

  • Passenger Information System
    • Multimedia information and entertainment solution
    • Network connectivity solutions
  • Freight Information System
    • Freight operation management solution
    • Freight tracking solution
  • Advance Security Monitoring Solution
    • Video analytics
    • Integrated security solution
  • Rail Communication System
    • Ground-to-train communication solution
    • Train-to-train communication solution
  • Smart Ticketing System
  • Rail Analytics System

By Component

  • Video Surveillance Cameras
  • Networking and Connectivity Devices
  • Multimedia Infotainment Displays

By Service

  • Professional Service
    • Consulting service
    • System integration and deployment
    • Support and maintenance
  • Managed Service

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

  • Further country level breakdown of the North American market
  • Further country level breakdown of the European market
  • Further country level breakdown of the APAC market
  • Further country level breakdown of the MEA market
  • Further country level breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Source
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption and Limitation
           2.4.1 Assumptions
           2.4.2 Limitations
    2.5 Vendor Ranking (Dive Matrix) Methodology

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Smart Railways Market
    4.2 Smart Railways Market Snapshot: By Region,  2016 vs 2021
    4.3 Smart Railways Market Snapshot: By Solution and Region, 2016
    4.4 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Solution
           5.3.2 By Component
           5.3.3 By Service
           5.3.4 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                     5.4.1.1 High Demographic Growth and Hyper-Urbanization
                     5.4.1.2 Technological Advancement Targeted Towards Passenger Convenience
                     5.4.1.3 Government Initiatives and Partnership Models
                     5.4.1.4 Emergence of IoT Technology
                     5.4.1.5 Emerging Trend of Smart Cities
           5.4.2 Restraints
                     5.4.2.1 Operational Inefficiency
                     5.4.2.2 Lack of Ict Infrastructure and Interoperability
                     5.4.2.3 High Initial Cost of Deployment
           5.4.3 Opportunities
                     5.4.3.1 Demand for Cloud-Based Services
                     5.4.3.2 Growing Ecommerce Industry
           5.4.4 Challenges
                     5.4.4.1 Difficulties in Integration of Smart Solutions With Analytics Capabilities
                     5.4.4.2 Integration Complexities Over Legacy Systems and Network

6 Industry Trends (Page No. - 46)
    6.1 Value Chain Analysis
    6.2 Strategic Benchmarking
    6.3 Innovation Spotlight
           6.3.1 Emerging Focus on Rail Analytics
           6.3.2 Improved Passenger Experience
           6.3.3 Robust Communication and Network Infrastructure

7 Smart Railways Market Analysis, By Solution (Page No. - 50)
    7.1 Introduction
    7.2 Passenger Information System
           7.2.1 Multimedia Information and Entertainment Solutions
           7.2.2 Network Connectivity Solutions
    7.3 Freight Information System
           7.3.1 Freight Operation Management Solutions
           7.3.2 Freight Tracking Solutions
    7.4 Advanced Security Monitoring System
           7.4.1 Video Analytics
           7.4.2 Integrated Security Systems
    7.5 Rail Communication and Networking System
           7.5.1 Ground-To-Train Communication Solutions
           7.5.2 Train-To-Train Communication Solutions
    7.6 Smart Ticketing System
    7.7 Rail Analytics System

8 Smart Railways Market Analysis, By Component (Page No. - 64)
    8.1 Introduction
    8.2 Video Surveillance Cameras
    8.3 Networking and Connectivity Devices
    8.4 Multimedia Infotainment Displays

9 Smart Railways Market Analysis, By Service (Page No. - 69)
    9.1 Introduction
    9.2 Professional Services
           9.2.1 Consulting Services
           9.2.2 System Integration and Deployment
           9.2.3 Support and Maintenance
    9.3 Managed Services

10 Geographic Analysis (Page No. - 76)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 102)
     11.1 Overview
     11.2 Competitive Situations and Trends
               11.2.1 Agreements, Contracts, Partnerships, and Collaborations
               11.2.2 New Product Launches
               11.2.3 Mergers and Acquisitions
               11.2.4 Expansions
     11.3 Smart Railways Market: Vendor Dive Matrix
               11.3.1 MnM View

12 Company Profiles (Page No. - 110)
     12.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
     12.2 Alstom SA
     12.3 Cisco Systems, Inc.
     12.4 General Electric
     12.5 ABB Limited
     12.6 IBM Corporation
     12.7 Hitachi Limited
     12.8 Bombardier, Inc.
     12.9 Huawei Technologies Co., Ltd.
     12.10 Indra Sistemas S.A.
     12.11 Siemens AG
     12.12 Alcatel-Lucent
     12.13 Ansaldo STS

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

13 Key Innovators (Page No. - 146)
     13.1 Computer Science Corporation
     13.2 Moxa Inc.
     13.3 EKE Electronics
     13.4 Advantech Co. Ltd.
     13.5 OEM Technology Solutions
     13.6 Televic

14 Appendix (Page No. - 149)
     14.1 Other Developments
               14.1.1 Agreements, Contracts, Partnerships, and Collaborations
               14.1.2 New Product Launches
               14.1.3 Mergers and Acquisitions
               14.1.4 Expansions
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introduction RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (83 Tables)

Table 1 Global Smart Railways Market Size, By Type, 2014-2021 (USD Million)
Table 2 Smart Railways Market Size, By Solution, 2014–2021 (USD Million)
Table 3 Passenger Information System: Smart Railways Market Size, By Type,  2014–2021 (USD Million)
Table 4 Passenger Information System: Smart Railways Market Size, By Region,  2014–2021 (USD Million)
Table 5 Multimedia Information and Entertainment Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 6 Network Connectivity Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 7 Freight Information System: Smart Railways Market Size, By Type,  2014–2021 (USD Million)
Table 8 Freight Information System: Smart Railways Market Size, By Region,  2014–2021 (USD Million)
Table 9 Freight Operation Management Solutions Market Size, By Region,  2014–2021 (USD Million)
Table 10 Freight Tracking Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 11 Advanced Security Monitoring System: Smart Railways Market Size, By Type, 2014–2021 (USD Million)
Table 12 Advanced Security Monitoring System: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 13 Video Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 14 Integrated Security Systems Market Size, By Region, 2014–2021 (USD Million)
Table 15 Rail Communication and Networking System: Smart Railways Market Size,  By Type, 2014–2021 (USD Million)
Table 16 Rail Communication and Networking System: Smart Railways Market Size,  By Region, 2014–2021 (USD Million)
Table 17 Ground-To-Train Communication Solutions Market Size, By Region,  2014–2021 (USD Million)
Table 18 Train-To-Train Communication Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 19 Smart Ticketing System: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 20 Rail Analytics System: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 21 Smart Railways Market Size, By Component, 2014–2021 (USD Million)
Table 22 Components: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 23 Video Surveillance Cameras: Smart Railways Market Size, By Region,  2014–2021 (USD Million)
Table 24 Networking and Connectivity Devices: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 25 Multimedia Infotainment Displays: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 26 Smart Railways Market Size, By Service, 2014–2021 (USD Million)
Table 27 Services: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 28 Professional Services: Smart Railways Market Size, By Type, 2014–2021 (USD Million)
Table 29 Professional Services: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 30 Consulting Services Market Size, By Region, 2014–2021 (USD Million)
Table 31 System Integration and Deployment Market Size, By Region,  2014–2021 (USD Million)
Table 32 Support and Maintenance Market Size, By Region, 2014–2021 (USD Million)
Table 33 Managed Services: Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 34 Smart Railways Market Size, By Region, 2014–2021 (USD Million)
Table 35 North America: Smart Railways Market Size, By Type, 2014–2021 (USD Million)
Table 36 North America: Smart Railways Market Size, By Solution, 2014–2021 (USD Million)
Table 37 North America: Passenger Information System Market Size, By Type,  2014–2021 (USD Million)
Table 38 North America: Freight Information System Market Size, By Type, 2014–2021 (USD Million)
Table 39 North America: Advanced Security Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 40 North America: Rail Communication and Networking System Market Size,  By Type, 2014–2021 (USD Million)
Table 41 North America: Smart Railways Market Size, By Component  2014–2021 (USD Million)
Table 42 North America: Smart Railways Market Size, By Service, 2014–2021 (USD Million)
Table 43 North America: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 44 Europe: Smart Railways Market Size, By Type, 2014–2021 (USD Million)
Table 45 Europe: Smart Railways Market Size, By Solution, 2014–2021 (USD Million)
Table 46 Europe: Passenger Information System Market Size, By Type, 2014–2021 (USD Million)
Table 47 Europe: Freight Information System Market Size, By Type, 2014–2021 (USD Million)
Table 48 Europe: Advanced Security Monitoring System Market Size, By Type,  2014–2021 (USD Million)
Table 49 Europe: Rail Communication and Networking System Market Size, By Type, 2014–2021 (USD Million)
Table 50 Europe: Smart Railways Market Size, By Component, 2014–2021 (USD Million)
Table 51 Europe: Smart Railways Market Size, By Service, 2014–2021 (USD Million)
Table 52 Europe: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Smart Railways Market Size, By Type, 2014–2021 (USD Million)
Table 54 Asia-Pacific: Smart Railways Market Size, By Solution, 2014–2021 (USD Million)
Table 55 Asia-Pacific: Passenger Information System Market Size, By Type, 2014–2021 (USD Million)
Table 56 Asia-Pacific: Freight Information System Market Size, By Type, 2014–2021 (USD Million)
Table 57 Asia-Pacific: Advanced Security Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 58 Asia-Pacific: Rail Communication and Networking System Market Size, By Type, 2014–2021 (USD Million)
Table 59 Asia-Pacific: Smart Railways Market Size, By Type, 2014–2021 (USD Million)
Table 60 Asia-Pacific: Smart Railways Market Size, By Service, 2014–2021 (USD Million)
Table 61 Asia-Pacific: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 62 Middle East and Africa: Smart Railways Market Size, By Type, 2014–2021 (USD Million)
Table 63 Middle East and Africa: Smart Railways Market Size, By Solution,  2014–2021 (USD Million)
Table 64 Middle East and Africa: Passenger Information System Market Size, By Type, 2014–2021 (USD Million)
Table 65 Middle East and Africa: Freight Information System Market Size, By Type, 2014–2021 (USD Million)
Table 66 Middle East and Africa: Advanced Security Monitoring System Market Size,  By Type, 2014–2021 (USD Million)
Table 67 Middle East and Africa: Rail Communication and Networking System Market Size, By Type, 2014–2021 (USD Million)
Table 68 Middle East and Africa: Smart Railways Market Size, By Component,  2014–2021 (USD Million)
Table 69 Middle East and Africa: Smart Railways Market Size, By Service, 2014–2021 (USD Million)
Table 70 Middle East and Africa: Professional Services Market Size, By Type,  2014–2021 (USD Million)
Table 71 Latin America: Smart Railways Market Size, By Type, 2014–2021 (USD Million)
Table 72 Latin America: Smart Railways Market Size, By Solution, 2014–2021 (USD Million)
Table 73 Latin America: Passenger Information System Market Size, By Type,  2014–2021 (USD Million)
Table 74 Latin America: Freight Information System Market Size, By Type, 2014–2021 (USD Million)
Table 75 Latin America: Advanced Security Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 76 Latin America: Rail Communication and Networking System Market Size,  By Type, 2014–2021 (USD Million)
Table 77 Latin America: Smart Railways Market Size, By Component 2014–2021 (USD Million)
Table 78 Latin America: Smart Railways Market Size, By Service, 2014–2021 (USD Million)
Table 79 Latin America: Smart Railways Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 80 Agreements, Contracts, Partnerships, and Collaborations, 2015–2016
Table 81 New Product Launches, 2015–2016
Table 82 Mergers and Acquisitions, 2015–2016
Table 83 Expansions, 2014–2016
 
 
List of Figures (53 Figures)
 
Figure 1 Smart Railways Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Vendor Dive Matrix: Criteria Weightage
Figure 6 Global Smart Railways Market Size and Growth Rate, 2014–2021 (USD Million, Y-O-Y %)
Figure 7 Europe is Expected to Hold the Largest Market Share in 2016
Figure 8 Top Revenue Generating Segments in the Smart Railways Market, 2016
Figure 9 Emergence of IoT Technology Offers Attractive Market Opportunities
Figure 10 Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Rail Communication and Networking System is Expected to Hold the Largest Market Share Among Solutions in 2016
Figure 12 Evolution of Smart Railways
Figure 13 Smart Railways Market Segmentation: By Solution
Figure 14 Smart Railways Market Segmentation: By Component
Figure 15 Smart Railways Market Segmentation: By Service
Figure 16 Smart Railways Market Segmentation: By Region
Figure 17 Smart Railways Market: Drivers, Restraints, Opportunities,  and Challenges
Figure 18 Smart Railways Market: Value Chain Analysis
Figure 19 Smart Railways Market: Strategic Benchmarking
Figure 20 Rail Analytics System Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Multimedia and Infotainment Displays is Expected to Grow at the Highest CAGR Among Components During the Forecast Period
Figure 22 Managed Services Segment is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 23 Asia-Pacific is Expected to Have the Highest Growth Potential in the Smart Railways Market From 2016 to 2021
Figure 24 Asia-Pacific is Expected to Grow at the Highest CAGR From  2016 to 2021
Figure 25 Asia-Pacific: an Attractive Destination for Most Smart Railways Solutions
Figure 26 North America Market Snapshot
Figure 27 Europe Market Snapshot
Figure 28 Asia-Pacific Market Snapshot
Figure 29 Companies Adopted Partnership, Contract, Agreement, and Collaboration as the Key Growth Strategy From 2013 to 2016
Figure 30 Market Evaluation Framework
Figure 31 Battle for Market Share: Agreements, Contracts, Partnerships, and Collaborations Was the Key Strategy Adopted By Key Players in Smart Railways Market During 2013–2016
Figure 32 Evaluation Overview
Figure 33 Evaluation Overview: Product Offering
Figure 34 Evaluation Overview: Business Strategy
Figure 35 Geographic Revenue Mix of Top 5 Market Players
Figure 36 Alstom SA: Company Snapshot
Figure 37 Alstom SA: SWOT Analysis
Figure 38 Cisco Systems, Inc.: Company Snapshot
Figure 39 Cisco Systems, Inc.: SWOT Analysis
Figure 40 General Electric: Company Snapshot
Figure 41 General Electric: SWOT Analysis
Figure 42 ABB Limited: Company Snapshot
Figure 43 ABB Limited: SWOT Analysis
Figure 44 IBM Corporation: Company Snapshot
Figure 45 IBM Corporation: SWOT Analysis
Figure 46 Hitachi Limited: Company Snapshot
Figure 47 Hitachi Limited: SWOT Analysis
Figure 48 Bombardier, Inc.: Company Snapshot
Figure 49 Huawei Technologies Co., Ltd.: Company Snapshot
Figure 50 Indra Sistemas SA: Company Snapshot
Figure 51 Siemens AG: Company Snapshot
Figure 52 Alcatel-Lucent: Company Snapshot
Figure 53 Ansaldo STS: Company Snapshot

The smart railways market size is estimated to grow from USD 10.50 Billion in 2016 and to USD 20.58 Billion by 2021, at a CAGR of 14.4% from 2016 to 2021. Some of the major factors that are driving the growth of the market include the demographic growth & hyper-urbanization, demand for improved service quality, telecom-based technological growth, and emergence of IoT technology.

The scope of this report covers the smart railways market analysis by solution, service, component, and region. The managed services segment is expected to grow at the highest CAGR during the forecast period. Managed services support the implementation of smart railways solution across trains and stations.

The rail analytics system is expected to grow at the highest CAGR during the forecast period due to the rise of demographic growth and hyper-urbanization. In addition to that, the cloud-based services, analytics, and mobile internet technologies demand are increasing due to their efficient IT management and reliable security environment.

On the basis of components, the multimedia and infotainment displays segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing demand of improved service quality and gain competitive advantage.

As per the geographic analysis, the adoption of smart railways solutions across APAC is estimated to rise at a significant growth rate due to increasing global competition, increasing penetration of smart devices, connected machines, and increasing investment in smart cities. The regional analysis of the market involves the classification of the solution, services, and components into North America, Europe, APAC, MEA, and Latin America.

Smart Railways Market

A few of the restraining factors that affect the growth of the market include operational efficiency & increasing congestion, lack of ICT infrastructure & interoperability, and high initial cost of deployment. The major smart railways solution vendors profiled in the report include Alstom SA (Saint-Quen, France), Cisco Systems, Inc. (San Jose, U.S.), General Electric (Connecticut, U.S.), ABB Ltd (Zurich, Switzerland), IBM Corporation (New York, U.S.), Hitachi Limited (Tokyo, Japan), Bombardier, Inc. (Quebec, Canada), Huawei Technologies Co. Ltd. (Shenzhen, China), Indra Sistemas SA (Alcobendas, Spain), Siemens AG (Munich, Germany), Alcatel-Lucent (Paris, France), and Ansaldo STS (Genoa, Italy).

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