Smart Railways Market

Smart Railways Market by Offering (Solutions (Rail Asset Management and Maintenance, Operation and Control, Communication and Networking, Security and Safety, Rail Analytics) and Services (Professional and Managed)), and Region - Global Forecast to 2026

Report Code: TC 1417 Jul, 2021, by marketsandmarkets.com

[275 Pages Report] The smart railways market size to grow from USD 26.0 billion in 2021 to USD 41.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period. Major factors driving the growth of the smart railways market include need for efficiency in rail operations, high demographic growth and hyper-urbanization enhancing the need for efficient railway systems, technological advancements targeted toward the enhancement of customer experience, increase in government initiatives and Public-Private Partnerships (PPP), and adoption of IoT as well as automation technologies to enhance optimization of smart railways.

Smart Railways Market

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Regular railway operations were disrupted due to COVID-19, causing traffic earnings of railways to decline exponentially. The pandemic has forced railway companies to follow safety regulations, such as maintaining social distancing and wearing masks, especially in urban metros. With countries opening up and demand starting to rebuild for both passenger travel and freight transportation, rail operators need to plan for recovery to help ensure long-term viability and success in the post-pandemic world. Technology-led innovation is becoming an essential condition for business continuity. The pandemic has accelerated the digitalization of railway transport in countries with a low level of digital services. This is mainly to provide safer travel experiences with lower contamination. The pandemic can provide further momentum to the shift of passengers from airlines to railways, owing to the improving rail market conditions and changing attitudes toward train travel.

Market Dynamics

Driver: Need for efficiency in rail operations

The increasing demand for rail services strains the existing systems and requires the optimization of the existing passenger and freight schedules to achieve increased throughput on the current rail infrastructure. An efficient rail operation needs the proper scheduling, monitoring, and maintenance of rail assets. Maintenance schedules reduce asset productivity due to downtime. This downtime is further extended as a result of manual diagnostics with a low success rate. To enhance efficiency and reduce time consumption, rail authorities heavily focus on condition-based and predictive maintenance solutions. These solutions help in timely monitoring and efficient scheduling of assets, thus minimizing downtime. Condition-based and predictive maintenance work on real-time analytics, minimizing the dependence on manual diagnostics. The data from rail assets can be used to optimize rail asset utilization. It also enables the scheduled maintenance of assets, and resource intensities and costs.

Restraint: High initial cost of deployment

The initial cost involved in the installation of smart railway solutions is high. Expenses involved in financing a smart railway project may be a major factor that can restrain the market growth. Huge capital expenditure (CAPEX), coupled with mounting upfront installation costs, is a hurdle to the adoption of smart railway technologies across regions. The limited existing budgets for railways are a restraining factor in the deployment of advanced railway technologies and solutions by governments and private companies. Smart railway technologies require a huge initial investment to set up field-level devices, replace aging infrastructure, arrange transmission networks between end users, and manage the integration of new and existing systems within railway premises. High operational and maintenance costs are also a huge concern for railway authorities.

Opportunity: Increase in globalization and need for advanced transportation infrastructure

The impact of globalization has a direct effect on the traffic of all types of railway transportation. There is a demand for increased speed, security, and reliability. Hence, the future railway transportation ecosystem must deliver solutions to satisfy the demand, from source to destination, with a high level of service, regardless of the distance traveled or the number of steps required to reach the destination. The demand from people is changing daily, and therefore, there is a need for more convenient travel solutions. Intelligent solutions such as advanced PIS, advanced vehicle control systems, and various other systems provide information on the real-time position of vehicles, which may be used to monitor schedule adherence and provide passengers information about the location of vehicles in transit. Providing accurate real-time information about the status and location of in-transit vehicles to passengers is expected to improve satisfaction.

Challenge: Integration complexities with legacy infrastructure

Smart railway systems require seamless integration of different technology elements, such as hardware, software, and network, which can be complex to configure. The integration of different hardware devices and smart railway management software with legacy system infrastructure may become complex. Without strong pre-existing IT and skilled personnel, the implementation of digital infrastructure is difficult. Railway operators can do a complete overhaul of the IT system; however, costs incurred in such an overhaul would take a significant amount of time to realize. Legacy systems are often unable to integrate with new-generation smart devices due to protocol issues. These systems are not capable enough to communicate efficiently with technologically advanced systems. As most developing countries are still relying on their legacy infrastructure, integration complexities are expected to hinder the market growth in developing regions in the coming years.

Value Chain Analysis

Smart Railways Market

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By service, the managed services segment to grow at a higher CAGR during the forecast period

The growing demand to outsource the maintenance of smart railways solutions is anticipated to drive the demand for managed services in the market. Organizations need to optimize resource utilization, which is one of the major factors expected to fuel the growth of the smart railways market. Managed services provide constant upgradations and customized features to fulfill the ever-growing customer demands. As a result, companies rapidly outsource their tasks to Managed Service Providers (MSPs).

By solution, the rail communication and networking system segment to hold the largest market size in 2021

The adoption of smart communication solutions across varied applications of railway management help improves timely decision-making for issues, such as asset deployment, utilization, and maintenance. Efficient railway operations rely on accurate, on-time communication among stations, control and dispatch centers, and rolling stock to ensure safety, security, and uninterrupted services. Railway communication systems must, therefore, provide reliable transmission of signaling, voice, video, and data traffic along railway lines and across backbone transmission networks.

Smart Railways Market by Region

Europe to hold the largest market size during the forecast period

Europe is estimated to hold the largest market size in the smart railways market during the forecast period. Countries from Western Europe, such as the UK, France, and Germany, have well-established railway infrastructure, and several railway operators in the region use some of the most advanced smart railways solutions. European countries have been investing majorly to modernize and upgrade the existing rail infrastructure. Social and trade agreements among the European Union (EU) countries have promoted large-scale, cross-border trade and passenger traffic in Europe. To boost the efficiency of the existing infrastructure, several European countries are expected to adopt new smart railways solutions.

Key Market Players

The smart railways market is dominated by few established players such as Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), and Honeywell (US).

Scope of the Report

Report Metrics

Details

Market size available for years

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Million)

Segments covered

By offering and region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Thales (France), Advantech (Taiwan), Fujitsu (Japan), Toshiba (Japan), Alcatel-Lucent Enterprise (France), Moxa (Taiwan), EKE-Electronics (Finland), Televic (Belgium), Uptake (US), Eurotech (Italy), Tego (US), KONUX (Germany), Aitek S.p.A (Italy), Assetic (Australia), Machines With Vision (UK), and Delphisonic (US)

The research report categorizes the smart railways market based on offering and region.

By offering, the smart railways market has the following segments:

  • Solutions
    • Passenger Information System
      • Multimedia Information and Entertainment
      • Network Connectivity
    • Freight Management System
      • Freight Operation Management
      • Freight Tracking
    • Security and Safety Solutions
      • Video Surveillance and Analytics
      • Intrusion Detection
      • Access control
      • Fire alarm and voice evacuation
      • Others (imaging and scanning solutions and security information management solution)
    • Rail Communication and Networking System
      • Ground-To-Train Communication
      • Train-To-Train Communication
    • Smart Ticketing System
    • Rail Analytics System
    • Rail Asset Management and Maintenance Solutions
      • Asset Planning and Scheduling
      • Workforce Management and Optimization
      • Condition-based monitoring
      • Predictive maintenance
      • Others (incident management, warranty management, and material management)
    • Rail Operation and Control Solutions
  • Services
    • Professional Services
      • Consulting
      • System Integration and Deployment
      • Training, Support and Maintenance
    • Managed Services

By Region, the smart railways market has the following segments:

  • North America
      • United States (US)
      • Canada
  • Europe
    • United Kingdom (UK)
    • France
    • Germany
    • Rest of Europe (includes Russia, Spain, Belgium, Czech Republic and Italy)
  • APAC
    • China
    • India
    • Japan
    • Australia and New Zealand
    • Rest of APAC (includes South Korea, Thailand, and Singapore)
  • MEA
    • Turkey
    • Nigeria
    • Rest of MEA (includes South Africa, United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Iraq, Iran, Israel, and Qatar)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (includes Argentina, Chile, Cuba, and Peru)

Recent Developments

  • In June 2021, Wabtec and CSX partnered to accelerate sustainable rail by modernizing locomotives across CSX’s fleet and implementing advanced digital technologies to deliver significant fuel efficiency and emission reduction for CSX’s rail operations. This partnership will help CSX in its commitment to reduce greenhouse gas emissions intensity by 37% by 2030.
  • In May 2021, Siemens acquired Padam Mobility, a technology company that provides AI-powered platforms and applications for on-demand and paratransit services. This acquisition enhances Siemens Mobility’s intelligent infrastructure portfolio focused on intermodal transportation.
  • In January 2021, Alstom completed the acquisition of Bombardier Transportation. The acquisition offers a unique opportunity to strengthen Alstom’s position in the mobility market. It expands Alstom’s rolling stock portfolio and adds significant assets to its services business, including access to a large network of maintenance facilities and a large number of trains in service.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 1 COVID-19: GLOBAL PROPAGATION
           FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
    1.3 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                    FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY
                    FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
           1.5.1 INCLUSIONS AND EXCLUSIONS
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 REGIONS COVERED
           1.6.3 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
           TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2020
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
           FIGURE 6 SMART RAILWAYS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    TABLE 2 PRIMARY INTERVIEWS
                    2.1.2.1 Breakup of primaries
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES IN THE MARKET
           FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1- BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF SOLUTIONS IN THE MARKET
           FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY─ APPROACH 2 (DEMAND SIDE): SMART RAILWAYS MARKET
    2.4 MARKET FORECAST
           TABLE 3 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.5.1 STUDY ASSUMPTIONS
           2.5.2 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 11 RAILWAY MANAGEMENT SYSTEM EVOLUTION
    FIGURE 12 SMART RAILWAYS MARKET SIZE, 2019–2026
    FIGURE 13 LARGEST SEGMENTS IN THE MARKET, 2021
    FIGURE 14 MARKET ANALYSIS
    FIGURE 15 ASIA PACIFIC TO BE BEST MARKET FOR INVESTMENTS DURING THE FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 BRIEF OVERVIEW OF THE GLOBAL SMART RAILWAYS MARKET
           FIGURE 16 THE NEED FOR EFFICIENCY IN RAIL OPERATIONS TO DRIVE THE MARKET GROWTH DURING THE FORECAST PERIOD
    4.2 EUROPEAN MARKET, 2021
           FIGURE 17 SOLUTIONS SEGMENT AND THE UNITED KINGDOM TO HOLD LARGE MARKET SHARES DURING THE FORECAST PERIOD
    4.3 ASIA PACIFIC MARKET, 2021
           FIGURE 18 SOLUTIONS SEGMENT AND CHINA TO HOLD LARGE MARKET SHARES DURING THE FORECAST PERIOD
    4.4 MARKET, BY COUNTRY
           FIGURE 19 INDIA AND JAPAN TO PROVIDE ATTRACTIVE OPPORTUNITIES FOR GROWTH DURING THE FORECAST PERIOD

5 MARKET OVERVIEW AND TRENDS (Page No. - 54)
    5.1 INTRODUCTION
           FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SMART RAILWAYS MARKET
           5.1.1 DRIVERS
                    5.1.1.1 Need for efficiency in rail operations
                    5.1.1.2 High demographic growth and hyper-urbanization enhancing the need for efficient railway systems
                               FIGURE 21 GLOBAL URBANIZATION TREND
                    5.1.1.3 Increase in government initiatives and public-private partnerships
                    5.1.1.4 Adoption of IoT and other automation technologies to enhance optimization
                    5.1.1.5 Technological advancements targeted toward the enhancement of customer experience
           5.1.2 RESTRAINTS
                    5.1.2.1 High initial cost of deployment
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Increase in globalization and need for advanced transportation infrastructure
                    5.1.3.2 Increase in the demand for cloud-based services
           5.1.4 CHALLENGES
                    5.1.4.1 Integration complexities with legacy infrastructure
                    5.1.4.2 Disruption in the logistics and supply chain of IoT devices
                    5.1.4.3 Data security and privacy issues related to IoT devices
    5.2 CASE STUDY ANALYSIS
           TABLE 4 USE CASE 1: LUXEMBOURG RAILWAYS EQUIPPED 34 NEW CORADIA TRAINS WITH ALSTOM’S AUTOMATIC TRAIN OPERATION SYSTEM
           TABLE 5 USE CASE 2: VTG RAIL EUROPE COLLABORATED WITH SIEMENS TO INNOVATE RAIL FREIGHT TRANSPORT
           TABLE 6 USE CASE 3: UPTAKE AUTOMATED A NORTH AMERICAN FREIGHT RAILWAY COMPANY’S MESSY AND MISLABELED MAINTENANCE WORK ORDER DATA
           TABLE 7 USE CASE 4: THALES PROVIDED TRAIN-TO-GROUND BROADBAND DATA COMMUNICATION SOLUTION TO BRESCIA METRO
           TABLE 8 USE CASE 5: COMBOIOS DE PORTUGAL IMPLEMENTS FUJITSU’S SOLUTIONS TO INNOVATE ITS TICKETING INFRASTRUCTURE
    5.3 DISRUPTIVE TECHNOLOGIES
           5.3.1 INTERNET OF THINGS
           5.3.2 BIG DATA ANALYTICS AND CLOUD COMPUTING
           5.3.3 5G NETWORK
           5.3.4 DRONES
           5.3.5 HYPERLOOP
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 22 SMART RAILWAYS MARKET: VALUE CHAIN ANALYSIS
    5.5 ECOSYSTEM
           TABLE 9 MARKET ECOSYSTEM
    5.6 PORTER’S FIVE FORCES MODEL
           TABLE 10 IMPACT OF EACH FORCE ON THE MARKET
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF BUYERS
           5.6.4 BARGAINING POWER OF SUPPLIERS
           5.6.5 COMPETITIVE RIVALRY
    5.7 PATENT ANALYSIS
           FIGURE 23 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS
           TABLE 11 TOP 20 PATENT OWNERS
           FIGURE 24 NUMBER OF PATENTS GRANTED IN A YEAR OVER THE LAST TEN YEARS
    5.8 AVERAGE SELLING PRICE TREND
           TABLE 12 PRICING ANALYSIS
    5.9 COVID-19 PANDEMIC-DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS
           5.9.1 DRIVERS AND OPPORTUNITIES
           5.9.2 RESTRAINTS AND CHALLENGES
           5.9.3 CUMULATIVE GROWTH ANALYSIS
                    TABLE 13 MARKET: CUMULATIVE GROWTH ANALYSIS

6 SMART RAILWAYS MARKET, BY OFFERING (Page No. - 74)
    6.1 INTRODUCTION
           FIGURE 25 SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
           TABLE 14 MARKET SIZE, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 15 MARKET SIZE, BY OFFERING, 2021–2026 (USD MILLION)
    6.2 SOLUTIONS
           6.2.1 SOLUTIONS: COVID-19 IMPACT
           6.2.2 SOLUTIONS: MARKET DRIVERS
                    FIGURE 26 RAIL ANALYTICS SYSTEM SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 16 SOLUTIONS: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 17 SOLUTIONS: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 18 SOLUTIONS: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 19 SOLUTIONS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.3 PASSENGER INFORMATION SYSTEM
                    FIGURE 27 MULTIMEDIA INFORMATION AND ENTERTAINMENT SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
                    TABLE 20 PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 21 PASSENGER INFORMATION SYSTEM: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 22 PASSENGER INFORMATION SYSTEM: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 23 PASSENGER INFORMATION SYSTEM: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.3.1 Multimedia Information and entertainment
                               TABLE 24 MULTIMEDIA INFORMATION AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 25 MULTIMEDIA INFORMATION AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.3.2 Network connectivity
                               TABLE 26 NETWORK CONNECTIVITY: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 27 NETWORK CONNECTIVITY: SMART RAILWAYS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.4 FREIGHT MANAGEMENT SYSTEM
                    FIGURE 28 FREIGHT TRACKING SEGMENT TO GROW AT A HIGHER CAGR FROM 2021 TO 2026
                    TABLE 28 FREIGHT MANAGEMENT SYSTEM: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 29 FREIGHT MANAGEMENT SYSTEM: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 30 FREIGHT MANAGEMENT SYSTEM: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 31 FREIGHT MANAGEMENT SYSTEM: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.4.1 Freight operation management
                               TABLE 32 FREIGHT OPERATION MANAGEMENT: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 33 FREIGHT OPERATION MANAGEMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.4.2 Freight tracking
                               TABLE 34 FREIGHT TRACKING: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 35 FREIGHT TRACKING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.5 SECURITY AND SAFETY SOLUTIONS
                    FIGURE 29 VIDEO SURVEILLANCE AND ANALYTICS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 36 SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 37 SECURITY AND SAFETY SOLUTIONS: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 38 SECURITY AND SAFETY SOLUTIONS: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 39 SECURITY AND SAFETY SOLUTIONS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.5.1 Video surveillance and analytics
                               TABLE 40 VIDEO SURVEILLANCE AND ANALYTICS: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 41 VIDEO SURVEILLANCE AND ANALYTICS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.5.2 Intrusion detection
                               TABLE 42 INTRUSION DETECTION: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 43 INTRUSION DETECTION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.5.3 Access control
                               TABLE 44 ACCESS CONTROL: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 45 ACCESS CONTROL: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.5.4 Fire alarm and voice evacuation
                               TABLE 46 FIRE ALARM AND VOICE EVACUATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 47 FIRE ALARM AND VOICE EVACUATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.5.5 Others
                               TABLE 48 OTHER SECURITY AND SAFETY SOLUTIONS: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 49 OTHER SECURITY AND SAFETY SOLUTIONS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.6 RAIL COMMUNICATION AND NETWORKING SYSTEM
                    FIGURE 30 TRAIN–TO–TRAIN COMMUNICATION SEGMENT TO GROW AT A HIGHER CAGR DURING 2021–2026
                    TABLE 50 RAIL COMMUNICATION AND NETWORKING SYSTEM: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 51 RAIL COMMUNICATION AND NETWORKING SYSTEM: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 52 RAIL COMMUNICATION AND NETWORKING SYSTEM: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 53 RAIL COMMUNICATION AND NETWORKING SYSTEM: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.6.1 Ground-to-train communication
                               TABLE 54 GROUND-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 55 GROUND-TO-TRAIN COMMUNICATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.6.2 Train-to-train communication
                               TABLE 56 TRAIN-TO-TRAIN COMMUNICATION: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 57 TRAIN-TO-TRAIN COMMUNICATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.7 SMART TICKETING SYSTEM
                    TABLE 58 SMART TICKETING SYSTEM: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 59 SMART TICKETING SYSTEM: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.8 RAIL ANALYTICS SYSTEM
                    TABLE 60 RAIL ANALYTICS SYSTEM: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 61 RAIL ANALYTICS SYSTEM: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.9 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS
                    FIGURE 31 PREDICTIVE MAINTENANCE SEGMENT TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
                    TABLE 62 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 63 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 64 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 65 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.9.1 Asset planning and scheduling
                               TABLE 66 ASSET PLANNING AND SCHEDULING: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 67 ASSET PLANNING AND SCHEDULING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.9.2 Workforce management and optimization
                               TABLE 68 WORKFORCE MANAGEMENT AND OPTIMIZATION: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 69 WORKFORCE MANAGEMENT AND OPTIMIZATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.9.3 Condition-based monitoring
                               TABLE 70 CONDITION-BASED MONITORING: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 71 CONDITION-BASED MONITORING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.9.4 Predictive maintenance
                               TABLE 72 PREDICTIVE MAINTENANCE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 73 PREDICTIVE MAINTENANCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.9.5 Others
                               TABLE 74 OTHER RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 75 OTHER RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.10 RAIL OPERATION AND CONTROL SOLUTIONS
                    TABLE 76 RAIL OPERATION AND CONTROL SOLUTIONS: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 77 RAIL OPERATION AND CONTROL SOLUTIONS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.3 SERVICES
           6.3.1 SERVICES: COVID-19 IMPACT
           6.3.2 SERVICES: MARKET DRIVERS
                    FIGURE 32 MANAGED SERVICES TO GROW AT A HIGHER CAGR DURING 2021–2026
                    TABLE 78 SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 79 SERVICES: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 80 SERVICES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 81 SERVICES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.3.3 PROFESSIONAL SERVICES
                    FIGURE 33 TRAINING, SUPPORT, AND MAINTENANCE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 82 PROFESSIONAL SERVICES: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 83 PROFESSIONAL SERVICES: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 84 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 85 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.3.3.1 Consulting
                               TABLE 86 CONSULTING: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 87 CONSULTING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.3.3.2 System integration and deployment
                               TABLE 88 SYSTEM INTEGRATION AND DEPLOYMENT: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 89 SYSTEM INTEGRATION AND DEPLOYMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.3.3.3 Training, support, and maintenance
                               TABLE 90 TRAINING, SUPPORT, AND MAINTENANCE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 91 TRAINING, SUPPORT, AND MAINTENANCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.3.4 MANAGED SERVICES
                    TABLE 92 MANAGED SERVICES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 93 MANAGED SERVICES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

7 SMART RAILWAYS MARKET, BY REGION (Page No. - 119)
    7.1 INTRODUCTION
           FIGURE 34 EUROPE TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD
           FIGURE 35 ASIA PACIFIC TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
           TABLE 94 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 95 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.2 NORTH AMERICA
           7.2.1 NORTH AMERICA: COVID-19 IMPACT
           7.2.2 NORTH AMERICA: MARKET DRIVERS
           7.2.3 NORTH AMERICA: REGULATORY IMPLICATIONS ON THE MARKET
                    TABLE 96 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 97 NORTH AMERICA: MARKET SIZE, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 98 NORTH AMERICA: MARKET SIZE, BY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 99 NORTH AMERICA: MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 100 NORTH AMERICA: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 101 NORTH AMERICA: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 102 NORTH AMERICA: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 103 NORTH AMERICA: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 104 NORTH AMERICA: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 105 NORTH AMERICA: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 106 NORTH AMERICA: MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 107 NORTH AMERICA: MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 108 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 109 NORTH AMERICA: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 110 NORTH AMERICA: MARKET SIZE, BY SERVICES, 2017–2020 (USD MILLION)
                    TABLE 111 NORTH AMERICA: MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 112 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2020 (USD MILLION)
                    TABLE 113 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 114 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 115 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.2.4 UNITED STATES
                    TABLE 116 UNITED STATES: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 117 UNITED STATES: MARKET SIZE, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 118 UNITED STATES: MARKET SIZE, BY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 119 UNITED STATES: MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 120 UNITED STATES: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 121 UNITED STATES: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 122 UNITED STATES: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 123 UNITED STATES: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 124 UNITED STATES: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 125 UNITED STATES: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 126 UNITED STATES: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 127 UNITED STATES: MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 128 UNITED STATES: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 129 UNITED STATES: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 130 UNITED STATES: MARKET SIZE, BY SERVICES, 2017–2020 (USD MILLION)
                    TABLE 131 UNITED STATES: MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 132 UNITED STATES: MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2020 (USD MILLION)
                    TABLE 133 UNITED STATES: MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
           7.2.5 CANADA
    7.3 EUROPE
           7.3.1 EUROPE: COVID-19 IMPACT
           7.3.2 EUROPE: SMART RAILWAYS MARKET DRIVERS
           7.3.3 EUROPE: REGULATORY IMPLICATIONS ON THE MARKET
                    FIGURE 36 EUROPE: MARKET SNAPSHOT
                    TABLE 134 EUROPE: MARKET SIZE, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 135 EUROPE: MARKET SIZE, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 136 EUROPE: MARKET SIZE, BY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 137 EUROPE: MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 138 EUROPE: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 139 EUROPE: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 140 EUROPE: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 141 EUROPE: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 142 EUROPE: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 143 EUROPE: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 144 EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 145 EUROPE: MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 146 EUROPE: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 147 EUROPE: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 148 EUROPE: MARKET SIZE, BY SERVICES, 2017–2020 (USD MILLION)
                    TABLE 149 EUROPE: MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 150 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2020 (USD MILLION)
                    TABLE 151 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 152 EUROPE: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 153 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.3.4 UNITED KINGDOM
           7.3.5 GERMANY
           7.3.6 FRANCE
           7.3.7 REST OF EUROPE
    7.4 ASIA PACIFIC
           7.4.1 ASIA PACIFIC: COVID-19 IMPACT
           7.4.2 ASIA PACIFIC: MARKET DRIVERS
           7.4.3 ASIA PACIFIC: REGULATORY IMPLICATIONS ON THE MARKET
                    FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT
                    TABLE 154 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 155 ASIA PACIFIC: MARKET SIZE, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 156 ASIA PACIFIC: MARKET SIZE, BY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 157 ASIA PACIFIC: MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 158 ASIA PACIFIC: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 159 ASIA PACIFIC: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 160 ASIA PACIFIC: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 161 ASIA PACIFIC: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 162 ASIA PACIFIC: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 163 ASIA PACIFIC: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 164 ASIA PACIFIC: MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 165 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 166 ASIA PACIFIC: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 167 ASIA PACIFIC: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 168 ASIA PACIFIC: MARKET SIZE, BY SERVICES, 2017–2020 (USD MILLION)
                    TABLE 169 ASIA PACIFIC: MARKET SIZE, BY SERVICES,  2021–2026 (USD MILLION)
                    TABLE 170 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2020 (USD MILLION)
                    TABLE 171 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 172 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 173 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.4.4 CHINA
           7.4.5 INDIA
           7.4.6 JAPAN
           7.4.7 AUSTRALIA AND NEW ZEALAND
           7.4.8 REST OF ASIA PACIFIC
    7.5 MIDDLE EAST AND AFRICA
           7.5.1 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
           7.5.2 MIDDLE EAST AND AFRICA: MARKET DRIVERS
           7.5.3 MIDDLE EAST AND AFRICA: REGULATORY IMPLICATIONS ON THE MARKET
                    TABLE 174 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 175 MIDDLE EAST AND AFRICA: MARKET SIZE, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 176 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 177 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 178 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 179 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 180 MIDDLE EAST AND AFRICA: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 181 MIDDLE EAST AND AFRICA: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 182 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 183 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 184 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 185 MIDDLE EAST AND AFRICA: MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 186 MIDDLE EAST AND AFRICA: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 187 MIDDLE EAST AND AFRICA: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 188 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICES, 2017–2020 (USD MILLION)
                    TABLE 189 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 190 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2020 (USD MILLION)
                    TABLE 191 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 192 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 193 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.5.4 TURKEY
           7.5.5 NIGERIA
           7.5.6 REST OF MIDDLE EAST AND AFRICA
    7.6 LATIN AMERICA
           7.6.1 LATIN AMERICA: COVID-19 IMPACT
           7.6.2 LATIN AMERICA: MARKET DRIVERS
           7.6.3 LATIN AMERICA: REGULATORY IMPLICATIONS ON THE MARKET
                    TABLE 194 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 195 LATIN AMERICA: MARKET SIZE, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 196 LATIN AMERICA: MARKET SIZE, BY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 197 LATIN AMERICA: MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 198 LATIN AMERICA: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 199 LATIN AMERICA: MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 200 LATIN AMERICA: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 201 LATIN AMERICA: MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 202 LATIN AMERICA: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 203 LATIN AMERICA: MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 204 LATIN AMERICA: MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 205 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 206 LATIN AMERICA: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2020 (USD MILLION)
                    TABLE 207 LATIN AMERICA: MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 208 LATIN AMERICA: MARKET SIZE, BY SERVICES, 2017–2020 (USD MILLION)
                    TABLE 209 LATIN AMERICA: MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 210 LATIN AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2020 (USD MILLION)
                    TABLE 211 LATIN AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 212 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 213 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.6.4 BRAZIL
           7.6.5 MEXICO
           7.6.6 REST OF LATIN AMERICA

8 COMPETITIVE LANDSCAPE (Page No. - 173)
    8.1 OVERVIEW
    8.2 MARKET EVALUATION FRAMEWORK
           FIGURE 38 MARKET EVALUATION FRAMEWORK, 2019–2021
    8.3 KEY MARKET DEVELOPMENTS
           8.3.1 PRODUCT LAUNCHES
                    TABLE 214 SMART RAILWAYS MARKET: PRODUCT LAUNCHES, JUNE 2019–MARCH 2020
           8.3.2 DEALS
                    TABLE 215 MARKET: DEALS, JANUARY 2019–JUNE 2021
           8.3.3 OTHERS
                    TABLE 216 MARKET: OTHERS, SEPTEMBER 2019–DECEMBER 2019
    8.4 MARKET SHARE ANALYSIS OF TOP PLAYERS
           TABLE 217 SMART RAILWAYS MARKET: DEGREE OF COMPETITION
    8.5 HISTORICAL REVENUE ANALYSIS
           FIGURE 39 HISTORICAL THREE-YEAR REVENUE ANALYSIS OF LEADING PLAYERS
    8.6 COMPANY EVALUATION QUADRANT OVERVIEW
    8.7 COMPANY EVALUATION QUADRANT: METHODOLOGY AND DEFINITIONS
           TABLE 218 PRODUCT FOOTPRINT WEIGHTAGE
           8.7.1 STAR
           8.7.2 EMERGING LEADERS
           8.7.3 PERVASIVE
           8.7.4 PARTICIPANT
                    FIGURE 40 SMART RAILWAYS MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2020
    8.8 COMPANY PRODUCT FOOTPRINT ANALYSIS
           TABLE 219 COMPANY PRODUCT FOOTPRINT
           TABLE 220 COMPANY APPLICATION FOOTPRINT
           TABLE 221 COMPANY REGIONAL FOOTPRINT
    8.9 COMPANY MARKET RANKING ANALYSIS
           FIGURE 41 RANKING OF KEY PLAYERS IN THE MARKET, 2021
    8.10 STARTUP/SME EVALUATION MATRIX METHODOLOGY AND DEFINITIONS
           FIGURE 42 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
           8.10.1 PROGRESSIVE COMPANIES
           8.10.2 RESPONSIVE COMPANIES
           8.10.3 DYNAMIC COMPANIES
           8.10.4 STARTING BLOCKS
                    FIGURE 43 SMART RAILWAYS MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2020

9 COMPANY PROFILES (Page No. - 196)
    9.1 MAJOR PLAYERS
(Business Overview, Products, Key Insights, Recent Developments, MnM View)*
           9.1.1 ALSTOM
                    TABLE 222 ALSTOM: BUSINESS OVERVIEW
                    FIGURE 44 ALSTOM: COMPANY SNAPSHOT
                    TABLE 223 ALSTOM: PRODUCTS OFFERED
                    TABLE 224 ALSTOM: DEALS
           9.1.2 CISCO
                    TABLE 225 CISCO: BUSINESS OVERVIEW
                    FIGURE 45 CISCO: COMPANY SNAPSHOT
                    TABLE 226 CISCO: PRODUCTS OFFERED
                    TABLE 227 CISCO: DEALS
           9.1.3 HITACHI
                    TABLE 228 HITACHI: BUSINESS OVERVIEW
                    FIGURE 46 HITACHI: COMPANY SNAPSHOT
                    TABLE 229 HITACHI: PRODUCTS OFFERED
                    TABLE 230 HITACHI: DEALS
           9.1.4 WABTEC
                    TABLE 231 WABTEC: BUSINESS OVERVIEW
                    FIGURE 47 WABTEC: COMPANY SNAPSHOT
                    TABLE 232 WABTEC: PRODUCTS OFFERED
                    TABLE 233 WABTEC: PRODUCT LAUNCHES
                    TABLE 234 WABTEC: DEALS
                    TABLE 235 WABTEC: OTHERS
           9.1.5 SIEMENS
                    TABLE 236 SIEMENS: BUSINESS OVERVIEW
                    FIGURE 48 SIEMENS: COMPANY SNAPSHOT
                    TABLE 237 SIEMENS: PRODUCTS OFFERED
                    TABLE 238 SIEMENS: DEALS
           9.1.6 ABB
                    TABLE 239 ABB: BUSINESS OVERVIEW
                    FIGURE 49 ABB: COMPANY SNAPSHOT
                    TABLE 240 ABB: PRODUCTS OFFERED
                    TABLE 241 ABB: DEALS
           9.1.7 IBM
                    TABLE 242 IBM: BUSINESS OVERVIEW
                    FIGURE 50 IBM: COMPANY SNAPSHOT
                    TABLE 243 IBM: PRODUCTS OFFERED
                    TABLE 244 IBM: DEALS
           9.1.8 HUAWEI
                    TABLE 245 HUAWEI: BUSINESS OVERVIEW
                    FIGURE 51 HUAWEI: COMPANY SNAPSHOT
                    TABLE 246 HUAWEI: PRODUCTS OFFERED
                    TABLE 247 HUAWEI: PRODUCT LAUNCHES
                    TABLE 248 HUAWEI: DEALS
           9.1.9 INDRA SISTEMAS
                    TABLE 249 INDRA SISTEMAS: BUSINESS OVERVIEW
                    FIGURE 52 INDRA SISTEMAS: COMPANY SNAPSHOT
                    TABLE 250 INDRA SISTEMAS: PRODUCTS OFFERED
                    TABLE 251 INDRA SISTEMAS: DEALS
           9.1.10 HONEYWELL
                    TABLE 252 HONEYWELL: BUSINESS OVERVIEW
                    FIGURE 53 HONEYWELL: COMPANY SNAPSHOT
                    TABLE 253 HONEYWELL: PRODUCTS OFFERED
                    TABLE 254 HONEYWELL: DEALS
           9.1.11 THALES
           9.1.12 ADVANTECH
           9.1.13 FUJITSU
           9.1.14 TOSHIBA
           9.1.15 MOXA
           9.1.16 TELEVIC
           9.1.17 ALCATEL-LUCENT ENTERPRISE
*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.
    9.2 START-UP/SME PLAYERS
           9.2.1 EKE-ELECTRONICS
           9.2.2 AITEK S.P.A.
           9.2.3 UPTAKE
           9.2.4 EUROTECH
           9.2.5 TEGO
           9.2.6 KONUX
           9.2.7 ASSETIC
           9.2.8 MACHINES WITH VISION
           9.2.9 DELPHISONIC

10 ADJACENT/RELATED MARKETS (Page No. - 256)
     10.1 LIMITATIONS
     10.2 RAILWAY MANAGEMENT SYSTEM MARKET – GLOBAL FORECAST TO 2025
             10.2.1 MARKET DEFINITION
             10.2.2 MARKET OVERVIEW
             10.2.3 RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING
                       TABLE 255 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                       TABLE 256 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
             10.2.4 RAILWAY MANAGEMENT SYSTEM MARKET, BY SERVICE
                       TABLE 257 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                       TABLE 258 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
             10.2.5 RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION
                       TABLE 259 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 260 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     10.3 RAILWAY PLATFORM SECURITY MARKET – GLOBAL FORECAST TO 2024
             10.3.1 MARKET DEFINITION
             10.3.2 MARKET OVERVIEW
             10.3.3 RAILWAY PLATFORM SECURITY MARKET, BY COMPONENT
                       TABLE 261 RAILWAY PLATFORM SECURITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
             10.3.4 RAILWAY PLATFORM SECURITY MARKET, BY SOLUTION
                       TABLE 262 SOLUTIONS: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
             10.3.5 RAILWAY PLATFORM SECURITY MARKET, BY SERVICE
                       TABLE 263 SERVICES: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
             10.3.6 RAILWAY PLATFORM SECURITY MARKET, BY PROFESSIONAL SERVICE
                       TABLE 264 PROFESSIONAL SERVICES: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
             10.3.7 RAILWAY PLATFORM SECURITY MARKET, BY APPLICATION
                       TABLE 265 RAILWAY PLATFORM SECURITY MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
             10.3.8 RAILWAY PLATFORM SECURITY MARKET, BY REGION
                       TABLE 266 RAILWAY PLATFORM SECURITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
     10.4 DIGITAL RAILWAY MARKET – GLOBAL FORECAST TO 2024
             10.4.1 MARKET DEFINITION
             10.4.2 MARKET OVERVIEW
             10.4.3 DIGITAL RAILWAY MARKET, BY SOLUTION
                       TABLE 267 DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017–2024 (USD BILLION)
             10.4.4 DIGITAL RAILWAY MARKET, BY SERVICE
                       TABLE 268 DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017–2024 (USD BILLION)
             10.4.5 DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE
                       TABLE 269 PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET SIZE, BY TYPE, 2017–2024 (USD BILLION)
             10.4.6 DIGITAL RAILWAY MARKET, BY APPLICATION
                       TABLE 270 DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017–2024 (USD BILLION)
             10.4.7 DIGITAL RAILWAY MARKET, BY REGION
                       TABLE 271 DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017–2024 (USD BILLION)

11 APPENDIX (Page No. - 267)
     11.1 DISCUSSION GUIDE
     11.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     11.3 AVAILABLE CUSTOMIZATIONS
     11.4 RELATED REPORTS
     11.5 AUTHOR DETAILS

The study consisted of four major activities to estimate the current market size of the smart railways market. An extensive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the smart railways market.

Secondary Research

In the secondary research process, various secondary sources were referred to, for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from OECD, International Railway Journal, and Railway Gazette International, and the US DoT. The railway spending of various countries was extracted from their respective transportation associations, such as Sociιtι Nationale Des Chemins De Fer Franηais (SNCF), Taiwan Railways Administration (TRA), Passenger Rail Agency of South Africa (PRASA), European Rail Freight Association, and the European Union (EU) Agency for Railways.

Primary research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from smart railways solution vendors, System Integrators, professional and Managed Service Providers (MSPs), industry associations, and independent asset management and railway consultants; and key opinion leaders. Following is the profile breakup of primary respondents:

Smart Railways Market  Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the smart railways market. These methods were used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using the study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To describe and forecast the size of the smart railways market, by offering and region
  • To describe and forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the smart railways market
  • To analyze the impact of COVID-19 on the smart railways market
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall smart railways market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments
  • To profile the key market players, including top vendors and startups; provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and provide a detailed competitive landscape of the market
  • To analyze the competitive developments, such as mergers and acquisitions (M&A); new product launches and product enhancements; agreements, partnerships, and collaborations; expansions; and R&D activities in the market

Available Customizations

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

Geographic Analysis

  • Further breakdown of the Canada Smart Railways Market, by Offering
  • Further breakdown of the UK Market, by Offering
  • Further breakdown of the China Market, by Offering

Company Information

  • Detailed analysis and profiling of additional market players up to 5
COVID-19

Get in-depth analysis of the COVID-19 impact on the Smart Railways Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Smart Railways Market

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Report Code
TC 1417
Published ON
Jul, 2021
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