Railway Management System Market

Ansaldo (Italy) and Bombardier (Canada) are the Key Players in the Railway Management System Market

The railway management system market size is estimated to be USD 34.50 billion in 2018 and is expected to reach USD 56.18 billion by 2023, at a compound annual growth rate (CAGR) of 10.2% during the forecast period. The major factors driving the railway management system market include the rapid demographic growth, hyper-urbanization, adoption of IoT as well as automation technologies to enhance optimization, technological advancements in railways, and increasing number of government initiatives and PPP models for modernization of railways.

The key market players profiled in this report include Hitachi (Japan), Bombardier (Canada), Huawei (China), Indra Sistemas (Spain), Atos (France), Toshiba (Japan), Tech Mahindra (India), Nokia (Finland), Ansaldo (Italy), Siemens (Germany), Thales (France), DXC Technology (US), ABB (Switzerland), Amadeus (Spain), Alstom (France), Cisco (US), Optasense (UK), IBM (US), General Electric (US), GAO RFID (Canada), EKE Electronics (Finland), Sierra Wireless (Canada), Eurotech (Italy), Frequentis (Austria), and Trimble (US). These players offer various railway management solutions and its associated services to cater to the demands and needs of the marketspace. Moreover, they have adopted various growth strategies, such as mergers & acquisitions; partnerships & agreements; business expansions; and new product launches. The major growth strategy followed for growth is partnerships & agreements.

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Alstom is a global leader in the rail infrastructure industry. It operates through four business segments, namely, rolling stocks, systems, services, and signaling. It serves the rail transport industry through its transport sector segment. Alstom possesses the capabilities required to build the world’s fastest train and the highest capacity of automated metro. Alstom has expertise in manufacturing and deployment of trains, railway solutions, and infrastructure development. Its product portfolio ranges from high-speed trains, electric trains, signaling equipment, track laying, and electrification in railway stations and depots. The company has maintained a strong hold in providing environment-friendly rail solutions and sustainable railway innovations across the globe. It operates in more than 70 countries and is involved in planning, manufacturing, and installing infrastructure for rail networks. Alstom’s growth strategy is a mix of organic and inorganic growth strategies, such as business expansion, partnerships, and agreements in the railway management system market. In 2018, Alstom signed a contract with Unión Transitoria to provide an advanced signaling system for the new San Martín line. In 2017, Alstom partnered with Siemens, a German industrial manufacturing company, to combine Siemens’ mobility business with Alstom’s rail solutions for building an advanced railway infrastructure across the globe. In the last three years, Alstom has secured several contracts for railway management individually or with the help of its local partners, including agreements with Akiem, Europorte, and Macquarie European Rail for operational maintenance of their respective locomotive fleets.

Bombardier is a global leader in rail technology and offers a comprehensive portfolio of solutions, comprising rail solutions, ranging from trains to subsystems and signaling. The company operates through two business segments, namely, Bombardier Aerospace and Bombardier Transportation. Bombardier Transportation segment offers rail solutions, ranging from complete trains to subsystems, maintenance services, system integration, and signaling systems. Its products and services portfolio includes railway vehicles, rolling stocks, locomotives, propulsion and control solutions, transportation systems solution, rail control solutions, professional services, deployment services, and integration services. Bombardier has adopted a mix of organic and inorganic growth strategies for overall growth. For instance, in 2018, Bombardier launched its software solution TCMS, which is installed on Singapore’s Downtown Line (DTL). This new solution maximizes passenger comfort and the system’s operational efficiency by displaying real-time passenger load information on LCD screens at station platforms. In 2016, Bombardier formed a joint venture with Russian Railways (RZD). This venture upgraded the Serbian section of the Belgrade-Bar (Montenegro) Line. This joint venture enabled Bombardier to expand its operations in the Serbian market to grow inorganically and strengthen its market position. The company signed major contacts during the last three years with Metro Trains Melbourne, Melbourne Metro Tunnel Project, CRRC, a Chinese rolling stock manufacturer, and Akiem, a rolling stock leasing company.

Related Reports:

Railway Management System Market by Solution (Rail Asset Management, Track Monitoring, Revenue Management, Intelligent Signaling System, Route Planning & Scheduling, PTC, CBTC, PIS, Security & Analytics), Service, and Region - Global Forecast to 2023

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