The railway cybersecurity market is estimated to be USD 6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% during the forecast period, to reach USD 10.6 billion by 2027. Increase in user preference for public transportation and growing demand for smart transportation and internet of things (IoT) will propel the railway cybersecurity market.
Some of the major players in the railway cybersecurity market are Thales (France), Alstom (France), Siemens (Germany), Bombardier (Canada), and Nokia Networks (Finland). These players have long-term supply contracts with leading service operators. These companies have adopted strategies of new product developments, acquisitions, agreements, collaborations, expansions, joint ventures, partnerships, and supply contracts to gain traction in the railway cybersecurity market.
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Partnerships, contracts, and collaborations were the most widely adopted strategies by major players in the global railway cybersecurity market. For instance, in October 2018, the Société du Grand Paris (SGP), which owns the Grand Paris Express project, awarded Siemens Mobility and Thales consortium with the delivery of the automated train control system that uses wireless communications-based train control (CBTC) technology and operating control centers for the future new lines 15, 16, and 17, which would be completed by 2030. Siemens Mobility will design and implement the most advanced generation of its fully automated CBTC technology. It will complete the integration of the entire transportation system. Thales will design and implement the operating control centers (centralized supervision of train traffic, energy systems, auxiliary equipment, and digital information systems) as well as trackside equipment and a secure communication network.
The second most popular strategy adopted by industry players was new product development and product enhancement. For instance, in March 2021, Thales developed the DIVA (Distributed Intelligent Video Analytics) solution for passenger railways. This solution will be useful for leveraging existing CCTV networks on stations and onboard trains to provide real-time information and passenger density.
Alstom: Alstom is a French multinational company operating in the global rail transport market. It is active in the fields of passenger transportation, signaling, and locomotives. The company operates in the power generation, power transmission, and rail infrastructure markets through four business segments, namely, Rolling Stock, Systems, Services, and Signaling. The company manufactures rail transport equipment, systems, services, and signaling for urban, suburban, regional, and mainline passenger transportation, as well as freight transportation through its Rolling Stock business segment. The company offers its cybersecurity solutions through signaling and digital mobility solutions. In December 2020, Alstom entered into an agreement to acquire Bombardier Transportation with Bombardier Inc. and Caisse de depot et placement du Québec (CDPQ). This acquisition, worth between USD 6.7 billion and USD 7.2 billion, was completed in January 2021. Bombardier Transportation, which had a revenue of USD 7.7 billion in 2020, is expected to strengthen Alstom’s strategic leadership as well as its product portfolio of cybersecurity solutions for railways.
Thales Group (Thales): Thales Group is a global technology leader in the aerospace, transport, defense, and security spaces. It is a multinational company specializing in developing electrical systems. As of 2020, the company had 80,702 employees working under its roof. The company provides its services through five major business verticals: Aerospace, Transportation, Defense & Security, Digital I&S, and Others. With most of its sales in the defense market, Thales Group provides its offerings in more than 60 countries. The company operates in most regions, including the Middle East, Europe, Asia, North America, and RoW. The company’s major subsidiaries are Thales Avionics SAS (France), Thales Alenia Space Italia S.p.A. (Italy), Thales Transport & Security Ltd. (UK), and Thales Communications & Security SAS (France).
Siemens AG: Siemens is a German engineering conglomerate focusing on core business activities in the fields of energy, healthcare, industry, and infrastructure. The company operates through six business segments, namely, Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, Siemens Financial Services, and Portfolio Companies. It invested USD 5.4 billion in R&D in 2020. The company’s products include high-speed trains, commuter trains, passenger coaches, metros, people movers, LRVs, locomotives, bogies, traction systems, and rail-related services. Vast product offerings, such as CoreShield DCU, MindConnect Rail, RUGGEDCOM, Railigent, European Train Control System (ETCS), Trainguard Sentinel, and Trainguard LZB 700 M, make Siemens a leading player in the railway cybersecurity market. The ETCS comprises product offerings including Trainguard 100, Trainguard 200, Trainguard 300, Trainguard on-board unit, and Automatic Train Operation System over ETCS. These offerings are useful for meeting the most stringent safety requirements complying with the Technical Specifications for Interoperability (TSI).
Railway Cybersecurity Market by Type (Infrastructural & On-board), Offering, Security Type (Network, Application, Endpoint, System Administration and Data Protection), Application (Passenger & Freight), Rail Type and Region - Global Forecast to 2027
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