Global Smart Railways Market - By Products and Services (Railway Communication and Networking system, Advance security systems, Freight information System, PIS, Smart Ticketing System, Rail Analytics System), Geography, Trends, Forecast - (2017 - 2022)

Published - Jan 2017 | Category - ICT and Media | No. of Pages - 101 | Published By - Mordor Intelligence

Report Highlights

The Global Smart Railways Market is valued at USD 6.3 billion in 2016 and is expected to reach a value of USD 19.96 billion by the end of 2022, growing at a projected CAGR of 21.2 % during the forecast period of 2017 - 2022. The growth in this market can be attributed to the fact that this is relatively new, with the products and solutions still at an early stage of adoption, thus promising a lot as the market matures. Smart railways include a group of interconnected and intelligent solutions, devices working in collaboration with Information and Communication Technologies to cater to the increasing customers' requests for quick, reliable and friendly services.

Reliable and innovative transport solutions for the ever increasing population, government funding for research and development in railways, secure and faster transportation with improved levels of service for patrons, and improved occupancy while having lower expenditure for operators are driving the growth of the market. Although the potential and benefits are exceptional, the onetime costs to get this implemented across the sector in terms of upgrading infrastructure, training operators on the usage may restrict the growth of the market. Few of the salient features of smart railways are i) Predictive modeling to simulate a situation to foresee the outcome of the events helps in better maintenance, ii) analytical abilities for optimization of routes for to enable better occupancy and iii) faster services with wider coverage.

Countries like Singapore have already adopted technologies like Automatic Train Operation (ATO) and Automatic Train Control (ATC) to run its fully automatic metro line. Hungary is venturing into smart railways by adopting a monitoring technology as its first step. Europe's busiest railways in Netherlands has reported 6% increase in operating efficiency and savings over USD 27.1 million along with improved on-time operations. Smart Railways market can be segmented by products & services and by region.

Some of the key players listed in the report are:

Alcatel-Lucent (acquired by Nokia)

Bombardier

Cisco

EKE

Hitachi

Hitachi

Huawei

IBM

MOXA

SelTrac

Siemens

TCS

What the report offers

Market definition for smart railways market along with identification of key drivers and restraints for the market.

Market analysis for the smart railways market, with region specific assessments and competition analysis on a global and regional scale.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.

Identification and analysis of the macro and micro factors that affect the global smart railways market on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
 

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