出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年 1月
スマート鉄道市場：オファリング ［ソリューション (鉄道資産の管理と保守、運用と制御、通信とネットワーキング、セキュリティと安全性、鉄道分析)、 サービス (プロフェッショナルとマネージド)］、 地域別 – 2027年までの世界予測
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)) Region – Global Forecast to 2027
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| 種別 | 英文調査報告書 |
MarketsandMarkets projects the smart railways market to grow from USD 28.9 billion in 2022 to USD 43.0 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period.
The requirement for urban connectivity is predicted to expand along with the integration of IoT-based solutions and the increased focus on emissions reduction, which will all contribute to the growth of the smart railway system. Providing appropriate transit capacity for rising volumes of products and people necessitates the introduction of smart solutions. Truly integrated and intermodal transport systems are anticipated to be made possible by trends including machine-to-machine technology, using embedded sensors, increasing computing power, and incorporating Big Data and the Internet of Things.
By offering, the solutions segment to account for a higher market share during the forecast period
A pivotal role is played by solutions in handling all railway operations-related activities that include entry, marking, handling, processing, and transit of goods from the supplier end to the manufacturing site and eventually to the consumer. The growing need to improve efficiency, reduce emissions, and minimize costs and productivity is driving the growth of the solutions segment. The solutions autonomously support the technician and other personnel in reducing traffic congestion, efficiently signaling over traffic, and managing ticket collection and monitoring security systems leading to a higher degree of competence and reduced expenses.
By services, the professional service segment to hold the largest market size in 2022
Professional services offer support services to clients involved in technical projects. These services include consulting, system integration and deployment, training, support, and maintenance. Professional services are growing at a steady pace in the smart railway sector; with the rapid digitization and adoption rates of these cutting-edge technologies, to increase efficiency and reduce expenses, personnel operating these machineries require support from external technological experts. As the adoption of technology-based solutions is steadily growing, the demand for smart railways services will grow proportionally.
By region, Asia Pacific to grow at the highest CAGR during the forecast period
During the forecast period, Asia Pacific is estimated to be the fastest-growing region in terms of the growth of the smart railways market, with the growing adoption of upcoming and state-of-the-art technologies, larger investments in digitization, and the growth in the Gross Domestic Product of the APAC countries. In order to boost engagement in public-private partnership initiatives for the smart railway system, several Chinese banks have partnered together. Japan is also attempting to incorporate smart solutions in upcoming projects and revamps, such as leveraging artificial intelligence to provide a customized concierge service for travelers. The high population growth rate in the region has also fueled the need to transform and expand the existing rail infrastructure.
Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from several prominent firms engaged in the smart railways market participated in in-depth interviews.
The breakup of the profiles of the primary participants is given below:
• By Company Type: Tier 1 – 35%, Tier 2 – 39%, and Tier 3 – 26%
• By Designation: C-Level Executives– 33%, Director Level – 25%, and Managers–42%
• By Region: North America – 38%, Europe – 20%, APAC – 30%, and Rest of the World – 12%
The following smart railways market vendors are profiled in the report:
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), Delphisonic (US), Passio Technologies (US), Cloud MOYO (US), and Chemito (India).
Research Coverage
The smart railways market is segmented by offering (solutions and services) and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new services and product launches; partnerships, agreements, collaborations; business expansions; and competitive landscape associated with the smart railways market.
Reasons to Buy the Report
The report would help the market leaders and new entrants in the following ways:
- It comprehensively segments the smart railways market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
- It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
- It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes the competitor ecosystem, new service developments, partnerships, and acquisitions.
目次
1 INTRODUCTION 39
1.1 STUDY OBJECTIVES 39
1.2 MARKET DEFINITION 39
1.2.1 INCLUSIONS AND EXCLUSIONS 40
1.3 STUDY SCOPE 41
1.3.1 SMART RAILWAYS MARKET SEGMENTATION 41
1.3.2 GEOGRAPHIC SCOPE 42
1.3.3 YEARS CONSIDERED 42
1.4 CURRENCY CONSIDERED 42
TABLE 1 USD EXCHANGE RATES, 2019–2021 43
1.5 STAKEHOLDERS 43
1.6 SUMMARY OF CHANGES 43
2 RESEARCH METHODOLOGY 44
2.1 RESEARCH DATA 44
FIGURE 1 SMART RAILWAYS MARKET: RESEARCH DESIGN 44
2.1.1 SECONDARY DATA 45
2.1.2 PRIMARY DATA 45
TABLE 2 PRIMARY INTERVIEWS 46
2.1.2.1 Breakdown of primaries 46
2.1.2.2 Key industry insights 47
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 48
FIGURE 2 DATA TRIANGULATION 48
2.3 MARKET SIZE ESTIMATION 49
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES IN SMART RAILWAYS MARKET 49
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1 – BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF SOLUTIONS IN SMART RAILWAYS MARKET 50
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY ─ APPROACH 2 (DEMAND SIDE): SMART RAILWAYS MARKET 51
2.4 FACTOR ANALYSIS 52
TABLE 3 FACTOR ANALYSIS 52
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS 53
2.5.1 LIMITATIONS 54
3 EXECUTIVE SUMMARY 55
FIGURE 6 RAILWAY MANAGEMENT SYSTEM EVOLUTION 56
3.1 SMART RAILWAYS MARKET: RECESSION IMPACT 57
FIGURE 7 SMART RAILWAYS MARKET TO WITNESS STEADY GROWTH DURING FORECAST PERIOD 58
FIGURE 8 SMART RAILWAYS MARKET SIZE, 2020–2027 58
FIGURE 9 LARGEST SEGMENTS IN SMART RAILWAYS MARKET, 2022 59
FIGURE 10 SMART RAILWAYS MARKET ANALYSIS 60
FIGURE 11 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 61
4 PREMIUM INSIGHTS 62
4.1 BRIEF OVERVIEW OF GLOBAL SMART RAILWAYS MARKET 62
FIGURE 12 NEED FOR EFFICIENCY IN RAIL OPERATIONS TO DRIVE MARKET GROWTH DURING FORECAST PERIOD 62
4.2 EUROPE: SMART RAILWAYS MARKET, 2022 63
FIGURE 13 SOLUTIONS SEGMENT AND UK TO HOLD LARGEST MARKET SHARES IN EUROPE DURING FORECAST PERIOD 63
4.3 ASIA PACIFIC: SMART RAILWAYS MARKET, 2022 63
FIGURE 14 SOLUTIONS SEGMENT AND CHINA TO HOLD LARGEST MARKET SHARES IN APAC DURING FORECAST PERIOD 63
4.4 SMART RAILWAYS MARKET, BY COUNTRY 64
FIGURE 15 INDIA AND JAPAN TO PROVIDE ATTRACTIVE OPPORTUNITIES FOR GROWTH DURING FORECAST PERIOD 64
5 MARKET OVERVIEW 65
5.1 INTRODUCTION 65
5.2 MARKET DYNAMICS 65
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SMART RAILWAYS MARKET 65
5.2.1 DRIVERS 66
5.2.1.1 Rise in need for efficiency in rail operations 66
5.2.1.2 Rapid urbanization results in increased need for efficient railway systems 66
5.2.1.3 Government initiatives and increased number of public-private partnership projects in rail industry 67
5.2.1.4 Adoption of IoT and other automation technologies for process optimization 67
5.2.1.5 Technological advancements targeted toward enhancement of customer experience 68
5.2.2 RESTRAINTS 68
5.2.2.1 High initial cost of deployment 68
5.2.3 OPPORTUNITIES 68
5.2.3.1 Increased globalization and need for advanced transportation infrastructure 68
5.2.3.2 Rise in demand for cloud-based services 69
5.2.4 CHALLENGES 69
5.2.4.1 Integration of advanced and complex systems with legacy infrastructure 69
5.2.4.2 Disruption in logistics and supply chain of IoT devices 69
5.2.4.3 Data security and privacy issues related to IoT devices 70
5.2.5 CUMULATIVE GROWTH ANALYSIS 70
5.3 PRICING ANALYSIS 70
5.3.1 PRICING MODELS AND INDICATIVE PRICE POINTS 71
TABLE 4 PRICING ANALYSIS 71
5.4 VALUE CHAIN ANALYSIS 71
FIGURE 17 SMART RAILWAYS MARKET: VALUE CHAIN ANALYSIS 71
5.5 ECOSYSTEM 72
TABLE 5 SMART RAILWAYS MARKET ECOSYSTEM 72
5.6 TECHNOLOGY ANALYSIS 73
5.6.1 INTERNET OF THINGS 73
5.6.2 BIG DATA ANALYTICS AND CLOUD COMPUTING 74
5.6.3 5G NETWORK 74
5.6.4 DRONES 74
5.6.5 HYPERLOOP 75
5.6.6 AUTOMATIC WARNING SYSTEM 75
5.7 PATENT ANALYSIS 75
FIGURE 18 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS 76
TABLE 6 TOP 20 PATENT OWNERS (US) 76
FIGURE 19 NUMBER OF PATENTS GRANTED YEARLY, 2011–2021 77
5.8 KEY CONFERENCES AND EVENTS, 2022–2023 77
TABLE 7 SMART RAILWAYS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 77
5.9 REGULATORY LANDSCAPE 78
5.9.1 ISO 78
5.9.1.1 ISO/IEC JTC 1 78
5.9.1.2 ISO/IEC 27001 79
5.9.1.3 ISO/IEC 19770-1 79
5.9.1.4 ISO/IEC JTC 1/SWG 5 79
5.9.1.5 ISO/IEC JTC 1/SC 31 79
5.9.1.6 ISO/IEC JTC 1/SC 27 79
5.9.1.7 ISO/IEC JTC 1/WG 7 sensors 79
5.9.2 GDPR 79
5.9.3 FMCSA 80
5.9.4 FHWA 80
5.9.5 MARAD 80
5.9.6 FAA 80
5.9.7 FRA 80
5.9.8 IEEE-SA 80
5.9.9 CEN/ISO 80
5.9.10 CEN/CENELEC 81
5.9.11 ETSI 81
5.9.12 ITU-T 81
5.10 PORTER’S FIVE FORCES MODEL 81
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 81
TABLE 8 IMPACT OF EACH FORCE ON SMART RAILWAYS MARKET 82
5.10.1 THREAT OF NEW ENTRANTS 82
5.10.2 THREAT OF SUBSTITUTES 82
5.10.3 BARGAINING POWER OF BUYERS 82
5.10.4 BARGAINING POWER OF SUPPLIERS 83
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 83
5.11 CASE STUDY ANALYSIS 83
5.11.1 CASE STUDY 1: LUXEMBOURG RAILWAYS EQUIPPED 34 NEW CORADIA TRAINS WITH ALSTOM’S AUTOMATIC TRAIN OPERATION SYSTEM 83
5.11.2 CASE STUDY 2: VTG RAIL EUROPE COLLABORATED WITH SIEMENS TO INNOVATE RAIL FREIGHT TRANSPORT 84
5.11.3 CASE STUDY 3: UPTAKE AUTOMATED MAINTENANCE WORK ORDER OF A NORTH AMERICAN FREIGHT RAILWAY COMPANY 84
5.11.4 CASE STUDY 4: THALES PROVIDED TRAIN-TO-GROUND BROADBAND DATA COMMUNICATION SOLUTION TO BRESCIA METRO 85
5.11.5 CASE STUDY 5: COMBOIOS DE PORTUGAL IMPLEMENTED SOLUTIONS BY FUJITSU TO INNOVATE ITS TICKETING INFRASTRUCTURE 85
5.11.6 CASE STUDY 6: SIEMENS PROVIDED MAINTENANCE SERVICES TO GOVIA THAMESLINK RAILWAY 86
5.11.7 CASE STUDY 7: ASSETIC HELPED SYDNEY TRAINS VISUALIZE RAIL ASSETS FOR OPTIMIZED ASSET MANAGEMENT 86
6 SMART RAILWAYS MARKET, BY OFFERING 87
6.1 INTRODUCTION 88
FIGURE 21 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 88
TABLE 9 SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2021 (USD MILLION) 88
TABLE 10 SMART RAILWAYS MARKET SIZE, BY OFFERING, 2022–2027 (USD MILLION) 88
6.2 SMART RAILWAYS MARKET: RECESSION IMPACT 89
6.3 SOLUTIONS 89
6.3.1 SOLUTIONS: SMART RAILWAYS MARKET DRIVERS 90
FIGURE 22 RAIL ANALYTICS SYSTEM SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 90
TABLE 11 SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 91
TABLE 12 SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 91
TABLE 13 SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 91
TABLE 14 SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 92
6.3.2 PASSENGER INFORMATION SYSTEM 92
6.3.2.1 Rising demand for real-time passenger information systems 93
FIGURE 23 MULTIMEDIA INFORMATION AND ENTERTAINMENT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 93
TABLE 15 PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 93
TABLE 16 PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 93
TABLE 17 PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 94
TABLE 18 PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 94
6.3.2.2 Multimedia information and entertainment 94
TABLE 19 MULTIMEDIA INFORMATION AND ENTERTAINMENT: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 95
TABLE 20 MULTIMEDIA INFORMATION AND ENTERTAINMENT: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 95
6.3.2.3 Network connectivity 95
TABLE 21 NETWORK CONNECTIVITY: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 96
TABLE 22 NETWORK CONNECTIVITY: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 96
6.3.3 FREIGHT MANAGEMENT SYSTEM 96
6.3.3.1 Rapid digitalization and adoption of advanced technologies 97
FIGURE 24 FREIGHT TRACKING SEGMENT TO GROW AT HIGHER CAGR FROM 2022 TO 2027 97
TABLE 23 FREIGHT MANAGEMENT SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 97
TABLE 24 FREIGHT MANAGEMENT SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 97
TABLE 25 FREIGHT MANAGEMENT SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 98
TABLE 26 FREIGHT MANAGEMENT SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 98
6.3.3.2 Freight operation management 98
TABLE 27 FREIGHT OPERATION MANAGEMENT: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 99
TABLE 28 FREIGHT OPERATION MANAGEMENT: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 99
6.3.3.3 Freight tracking 99
TABLE 29 FREIGHT TRACKING: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 100
TABLE 30 FREIGHT TRACKING: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 100
6.3.4 SECURITY AND SAFETY SOLUTIONS 100
6.3.4.1 Use of AI and loT in railway security 101
FIGURE 25 VIDEO SURVEILLANCE AND ANALYTICS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 101
TABLE 31 SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 101
TABLE 32 SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 102
TABLE 33 SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 102
TABLE 34 SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 102
6.3.4.2 Video surveillance and analytics 103
TABLE 35 VIDEO SURVEILLANCE AND ANALYTICS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 103
TABLE 36 VIDEO SURVEILLANCE AND ANALYTICS: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 104
6.3.4.3 Intrusion detection 104
TABLE 37 INTRUSION DETECTION: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 104
TABLE 38 INTRUSION DETECTION: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 105
6.3.4.4 Access control 105
TABLE 39 ACCESS CONTROL: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 105
TABLE 40 ACCESS CONTROL: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 106
6.3.4.5 Fire alarm and voice evacuation 106
TABLE 41 FIRE ALARM AND VOICE EVACUATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 106
TABLE 42 FIRE ALARM AND VOICE EVACUATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 107
6.3.4.6 Other security and safety solutions 107
TABLE 43 OTHER SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 107
TABLE 44 OTHER SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 108
6.3.5 RAIL COMMUNICATION AND NETWORKING SYSTEM 108
6.3.5.1 Emerging requirements for IT and networking in railways 108
FIGURE 26 TRAIN-TO-TRAIN COMMUNICATION SEGMENT TO GROW AT HIGHER CAGR FROM 2022 TO 2027 108
TABLE 45 RAIL COMMUNICATION AND NETWORKING SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 109
TABLE 46 RAIL COMMUNICATION AND NETWORKING SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 109
TABLE 47 RAIL COMMUNICATION AND NETWORKING SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 109
TABLE 48 RAIL COMMUNICATION AND NETWORKING SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 110
6.3.5.2 Ground-to-train communication 110
TABLE 49 GROUND-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 110
TABLE 50 GROUND-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 111
6.3.5.3 Train-to-train communication 111
TABLE 51 TRAIN-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 111
TABLE 52 TRAIN-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 112
6.3.6 SMART TICKETING SYSTEM 112
6.3.6.1 Need for convenience 112
TABLE 53 SMART TICKETING SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 113
TABLE 54 SMART TICKETING SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 113
6.3.7 RAIL ANALYTICS SYSTEM 113
6.3.7.1 Rapid adoption of AI-powered solutions in various countries across globe 114
TABLE 55 RAIL ANALYTICS SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 114
TABLE 56 RAIL ANALYTICS SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 114
6.3.8 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS 115
6.3.8.1 Increased use of sensors in rail asset maintenance 115
FIGURE 27 PREDICTIVE MAINTENANCE SEGMENT TO GROW AT HIGHEST CAGR FROM 2022 TO 2027 115
TABLE 57 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 116
TABLE 58 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 116
TABLE 59 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 116
TABLE 60 RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 117
6.3.8.2 Asset planning and scheduling 117
TABLE 61 ASSET PLANNING AND SCHEDULING: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 117
TABLE 62 ASSET PLANNING AND SCHEDULING: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 118
6.3.8.3 Workforce management and optimization 118
TABLE 63 WORKFORCE MANAGEMENT AND OPTIMIZATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 118
TABLE 64 WORKFORCE MANAGEMENT AND OPTIMIZATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 119
6.3.8.4 Condition-based monitoring 119
TABLE 65 CONDITION-BASED MONITORING: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 119
TABLE 66 CONDITION-BASED MONITORING: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 120
6.3.8.5 Predictive maintenance 120
TABLE 67 PREDICTIVE MAINTENANCE: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 121
TABLE 68 PREDICTIVE MAINTENANCE: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 121
6.3.8.6 Other railway asset management and maintenance solutions 121
TABLE 69 OTHER RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 122
TABLE 70 OTHER RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 122
6.3.9 RAIL OPERATION AND CONTROL SOLUTIONS 122
6.3.9.1 Need to compete with other modes of transportation 123
TABLE 71 RAIL OPERATION AND CONTROL SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 123
TABLE 72 RAIL OPERATION AND CONTROL SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 123
6.4 SERVICES 123
6.4.1 SERVICES: SMART RAILWAYS MARKET DRIVERS 124
FIGURE 28 MANAGED SERVICES TO GROW AT HIGHER CAGR FROM 2022 TO 2027 124
TABLE 73 SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 125
TABLE 74 SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 125
TABLE 75 SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 125
TABLE 76 SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 125
6.4.2 PROFESSIONAL SERVICES 126
6.4.2.1 Fast digitalization in railway industry and growing need for personnel training 126
FIGURE 29 TRAINING, SUPPORT, AND MAINTENANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 77 PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 127
TABLE 78 PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 127
TABLE 79 PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 127
TABLE 80 PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 128
6.4.2.2 Consulting 128
TABLE 81 CONSULTING: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 128
TABLE 82 CONSULTING: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 129
6.4.2.3 System integration and deployment 129
TABLE 83 SYSTEM INTEGRATION AND DEPLOYMENT: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 129
TABLE 84 SYSTEM INTEGRATION AND DEPLOYMENT: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 130
6.4.2.4 Training, support, and maintenance 130
TABLE 85 TRAINING, SUPPORT, AND MAINTENANCE: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 130
TABLE 86 TRAINING, SUPPORT, AND MAINTENANCE: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 131
6.4.3 MANAGED SERVICES 131
6.4.3.1 Increased requirement for competent personnel for technical assistance 131
TABLE 87 MANAGED SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 131
TABLE 88 MANAGED SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 132
7 SMART RAILWAYS MARKET, BY REGION 133
7.1 INTRODUCTION 134
FIGURE 30 EUROPE TO BE LARGEST MARKET DURING FORECAST PERIOD 134
FIGURE 31 MARKET IN ASIA PACIFIC TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD 135
TABLE 89 SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 135
TABLE 90 SMART RAILWAYS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 135
7.2 NORTH AMERICA 136
7.2.1 NORTH AMERICA: PESTLE ANALYSIS 136
7.2.2 NORTH AMERICA: MARKET DRIVERS 137
7.2.3 NORTH AMERICA: REGULATORY IMPLICATIONS 138
7.2.4 NORTH AMERICA: RECESSION IMPACT 138
TABLE 91 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2021 (USD MILLION) 138
TABLE 92 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2022–2027 (USD MILLION) 139
TABLE 93 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2017–2021 (USD MILLION) 139
TABLE 94 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2022–2027 (USD MILLION) 139
TABLE 95 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2021 (USD MILLION) 140
TABLE 96 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2022–2027 (USD MILLION) 140
TABLE 97 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2021 (USD MILLION) 140
TABLE 98 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2022–2027 (USD MILLION) 140
TABLE 99 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2021 (USD MILLION) 141
TABLE 100 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2022–2027 (USD MILLION) 141
TABLE 101 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2021 (USD MILLION) 141
TABLE 102 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2022–2027 (USD MILLION) 142
TABLE 103 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2021 (USD MILLION) 142
TABLE 104 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2022–2027 (USD MILLION) 142
TABLE 105 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2017–2021 (USD MILLION) 143
TABLE 106 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2022–2027 (USD MILLION) 143
TABLE 107 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2021 (USD MILLION) 143
TABLE 108 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2022–2027 (USD MILLION) 143
TABLE 109 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 144
TABLE 110 NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 144
7.2.5 US 144
7.2.5.1 Government initiatives to drive market in US 144
TABLE 111 US: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2021 (USD MILLION) 144
TABLE 112 US: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2022–2027 (USD MILLION) 145
TABLE 113 US: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2017–2021 (USD MILLION) 145
TABLE 114 US: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2022–2027 (USD MILLION) 145
TABLE 115 US: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2021 (USD MILLION) 146
TABLE 116 US: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2022–2027 (USD MILLION) 146
TABLE 117 US: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2021 (USD MILLION) 146
TABLE 118 US: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2022–2027 (USD MILLION) 146
TABLE 119 US: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2021 (USD MILLION) 147
TABLE 120 US: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2022–2027 (USD MILLION) 147
TABLE 121 US: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2021 (USD MILLION) 147
TABLE 122 US: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2022–2027 (USD MILLION) 148
TABLE 123 US: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2021 (USD MILLION) 148
TABLE 124 US: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2022–2027 (USD MILLION) 148
TABLE 125 US: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2017–2021 (USD MILLION) 149
TABLE 126 US: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2022–2027 (USD MILLION) 149
TABLE 127 US: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2021 (USD MILLION) 149
TABLE 128 US: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2022–2027 (USD MILLION) 149
7.2.6 CANADA 150
7.2.6.1 Increase in number of passengers and higher freight traffic to drive market in Canada 150
7.3 EUROPE 150
7.3.1 EUROPE: PESTLE ANALYSIS 150
7.3.2 EUROPE: MARKET DRIVERS 152
7.3.3 EUROPE: REGULATORY IMPLICATIONS 152
7.3.4 EUROPE: RECESSION IMPACT 152
FIGURE 32 EUROPE: MARKET SNAPSHOT 153
TABLE 129 EUROPE: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2021 (USD MILLION) 153
TABLE 130 EUROPE: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2022–2027 (USD MILLION) 154
TABLE 131 EUROPE: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2017–2021 (USD MILLION) 154
TABLE 132 EUROPE: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2022–2027 (USD MILLION) 154
TABLE 133 EUROPE: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2021 (USD MILLION) 155
TABLE 134 EUROPE: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2022–2027 (USD MILLION) 155
TABLE 135 EUROPE: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2021 (USD MILLION) 155
TABLE 136 EUROPE: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2022–2027 (USD MILLION) 155
TABLE 137 EUROPE: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2021 (USD MILLION) 156
TABLE 138 EUROPE: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2022–2027 (USD MILLION) 156
TABLE 139 EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2021 (USD MILLION) 156
TABLE 140 EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2022–2027 (USD MILLION) 157
TABLE 141 EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2021 (USD MILLION) 157
TABLE 142 EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2022–2027 (USD MILLION) 157
TABLE 143 EUROPE: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2017–2021 (USD MILLION) 158
TABLE 144 EUROPE: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2022–2027 (USD MILLION) 158
TABLE 145 EUROPE: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2021 (USD MILLION) 158
TABLE 146 EUROPE: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2022–2027 (USD MILLION) 158
TABLE 147 EUROPE: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 159
TABLE 148 EUROPE: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 159
7.3.5 UK 159
7.3.5.1 Need to improve efficiency of existing railway infrastructure to boost market growth 159
7.3.6 GERMANY 160
7.3.6.1 Significant adoption of IoT technologies and analytics in railway sector to propel market 160
7.3.7 FRANCE 160
7.3.7.1 High investment by railway operators to drive market in France 160
7.3.8 REST OF EUROPE 160
7.4 ASIA PACIFIC 161
7.4.1 ASIA PACIFIC: PESTLE ANALYSIS 161
7.4.2 ASIA PACIFIC: MARKET DRIVERS 162
7.4.3 ASIA PACIFIC: REGULATORY IMPLICATIONS 162
7.4.4 ASIA PACIFIC: RECESSION IMPACT 163
FIGURE 33 ASIA PACIFIC: MARKET SNAPSHOT 164
TABLE 149 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2021 (USD MILLION) 164
TABLE 150 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2022–2027 (USD MILLION) 165
TABLE 151 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2017–2021 (USD MILLION) 165
TABLE 152 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2022–2027 (USD MILLION) 165
TABLE 153 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2021 (USD MILLION) 166
TABLE 154 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2022–2027 (USD MILLION) 166
TABLE 155 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2021 (USD MILLION) 166
TABLE 156 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2022–2027 (USD MILLION) 166
TABLE 157 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2021 (USD MILLION) 167
TABLE 158 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2022–2027 (USD MILLION) 167
TABLE 159 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2021 (USD MILLION) 167
TABLE 160 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2022–2027 (USD MILLION) 168
TABLE 161 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2021 (USD MILLION) 168
TABLE 162 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2022–2027 (USD MILLION) 168
TABLE 163 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2017–2021 (USD MILLION) 169
TABLE 164 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2022–2027 (USD MILLION) 169
TABLE 165 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2021 (USD MILLION) 169
TABLE 166 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2022–2027 (USD MILLION) 169
TABLE 167 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 170
TABLE 168 ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 170
7.4.5 CHINA 170
7.4.5.1 High government investments in railway infrastructure and rapid growth in railways to drive market 170
7.4.6 INDIA 171
7.4.6.1 Investments in smart city projects by government to spur market growth 171
7.4.7 JAPAN 171
7.4.7.1 Rise in adoption of railway technologies to boost market 171
7.4.8 REST OF ASIA PACIFIC 171
7.5 MIDDLE EAST & AFRICA 172
7.5.1 MIDDLE EAST & AFRICA: PESTLE ANALYSIS 172
7.5.2 MIDDLE EAST & AFRICA: MARKET DRIVERS 173
7.5.3 MIDDLE EAST & AFRICA: REGULATORY IMPLICATIONS 173
7.5.4 MIDDLE EAST AND AFRICA: RECESSION IMPACT 173
TABLE 169 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2021 (USD MILLION) 174
TABLE 170 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2022–2027 (USD MILLION) 174
TABLE 171 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2017–2021 (USD MILLION) 174
TABLE 172 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2022–2027 (USD MILLION) 175
TABLE 173 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2021 (USD MILLION) 175
TABLE 174 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2022–2027 (USD MILLION) 175
TABLE 175 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2021 (USD MILLION) 176
TABLE 176 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2022–2027 (USD MILLION) 176
TABLE 177 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2021 (USD MILLION) 176
TABLE 178 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2022–2027 (USD MILLION) 177
TABLE 179 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2021 (USD MILLION) 177
TABLE 180 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2022–2027 (USD MILLION) 177
TABLE 181 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2021 (USD MILLION) 178
TABLE 182 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2022–2027 (USD MILLION) 178
TABLE 183 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2017–2021 (USD MILLION) 178
TABLE 184 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2022–2027 (USD MILLION) 179
TABLE 185 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2021 (USD MILLION) 179
TABLE 186 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2022–2027 (USD MILLION) 179
TABLE 187 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY REGION,
2017–2021 (USD MILLION) 179
TABLE 188 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION) 180
TABLE 189 AFRICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY,
2017–2021 (USD MILLION) 180
TABLE 190 MIDDLE EAST: SMART RAILWAYS MARKET SIZE, BY COUNTRY,
2022–2027 (USD MILLION) 180
TABLE 191 MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 181
TABLE 192 AFRICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY,
2022–2027 (USD MILLION) 181
7.5.5 NIGERIA 181
7.5.5.1 Government initiatives combined with increased cooperation with other countries to drive market 181
7.5.6 UAE 182
7.5.6.1 Technological advancements and growing economy to drive market 182
7.5.7 SOUTH AFRICA 182
7.5.7.1 Increased demand for transportation services to support regional trade requirements to propel market growth 182
7.5.8 REST OF THE MIDDLE EAST & AFRICA 182
7.6 LATIN AMERICA 182
7.6.1 LATIN AMERICA: PESTLE ANALYSIS 183
7.6.2 LATIN AMERICA: MARKET DRIVERS 184
7.6.3 LATIN AMERICA: REGULATORY IMPLICATIONS 184
7.6.4 LATIN AMERICA: RECESSION IMPACT 184
TABLE 193 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2021 (USD MILLION) 185
TABLE 194 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2022–2027 (USD MILLION) 185
TABLE 195 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2017–2021 (USD MILLION) 185
TABLE 196 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2022–2027 (USD MILLION) 186
TABLE 197 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2017–2021 (USD MILLION) 186
TABLE 198 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2022–2027 (USD MILLION) 186
TABLE 199 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2017–2021 (USD MILLION) 187
TABLE 200 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2022–2027 (USD MILLION) 187
TABLE 201 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2017–2021 (USD MILLION) 187
TABLE 202 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2022–2027 (USD MILLION) 188
TABLE 203 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2017–2021 (USD MILLION) 188
TABLE 204 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2022–2027 (USD MILLION) 188
TABLE 205 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2017–2021 (USD MILLION) 189
TABLE 206 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2022–2027 (USD MILLION) 189
TABLE 207 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2017–2021 (USD MILLION) 189
TABLE 208 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2022–2027 (USD MILLION) 190
TABLE 209 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2017–2021 (USD MILLION) 190
TABLE 210 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2022–2027 (USD MILLION) 190
TABLE 211 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 190
TABLE 212 LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 191
7.6.5 BRAZIL 191
7.6.5.1 Significant scope for development of advanced railway infrastructure to boost market growth 191
7.6.6 MEXICO 191
7.6.6.1 Increased demand for improved transportation infrastructure to fuel market growth 191
7.6.7 REST OF LATIN AMERICA 191
8 COMPETITIVE LANDSCAPE 192
8.1 OVERVIEW 192
8.2 MARKET RANKING 192
FIGURE 34 MARKET RANKING IN 2022 192
8.3 MARKET SHARE ANALYSIS 193
FIGURE 35 SMART RAILWAYS MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 193
TABLE 213 SMART RAILWAYS MARKET: DEGREE OF COMPETITION 193
FIGURE 36 MARKET SHARE ANALYSIS OF COMPANIES IN SMART RAILWAYS MARKET 194
8.4 HISTORICAL REVENUE ANALYSIS OF LEADING PLAYERS 194
FIGURE 37 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2019–2021 194
8.5 KEY MARKET DEVELOPMENTS 195
8.5.1 PRODUCT LAUNCHES 195
TABLE 214 SMART RAILWAYS MARKET: PRODUCT LAUNCHES, JUNE 2019–DECEMBER 2021 195
8.5.2 DEALS 196
TABLE 215 SMART RAILWAYS MARKET: DEALS, JANUARY 2019–MAY 2022 197
8.6 COMPETITIVE BENCHMARKING 210
TABLE 216 COMPANY FOOTPRINT: OVERALL 210
TABLE 217 COMPANY FOOTPRINT: APPLICATION 211
TABLE 218 COMPANY FOOTPRINT: REGION 213
8.7 COMPANY EVALUATION MATRIX 214
TABLE 219 COMPANY EVALUATION MATRIX: CRITERIA AND WEIGHTAGE 214
8.7.1 STARS 214
8.7.2 EMERGING LEADERS 214
8.7.3 PERVASIVE PLAYERS 214
8.7.4 PARTICIPANTS 215
FIGURE 38 SMART RAILWAYS MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022 215
8.8 SME/STARTUP EVALUATION MATRIX 216
TABLE 220 SMALL AND MEDIUM ENTERPRISE/STARTUP EVALUATION MATRIX: CRITERIA WEIGHTAGE 216
8.8.1 PROGRESSIVE COMPANIES 216
8.8.2 RESPONSIVE COMPANIES 216
8.8.3 DYNAMIC COMPANIES 216
8.8.4 STARTING BLOCKS 216
FIGURE 39 SMART RAILWAYS MARKET (GLOBAL): SMES/STARTUP EVALUATION MATRIX, 2022 217
9 COMPANY PROFILES 218
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths/Right to win, Strategic choices made, Weaknesses and competitive threats) *
9.1 MAJOR PLAYERS 218
9.1.1 ALSTOM 218
TABLE 221 ALSTOM: BUSINESS OVERVIEW 218
FIGURE 40 ALSTOM: COMPANY SNAPSHOT 219
TABLE 222 ALSTOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219
TABLE 223 ALSTOM: DEALS 220
TABLE 224 ALSTOM: OTHERS 222
9.1.2 CISCO 224
TABLE 225 CISCO: BUSINESS OVERVIEW 224
FIGURE 41 CISCO: COMPANY SNAPSHOT 225
TABLE 226 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 227 CISCO: DEALS 226
9.1.3 HITACHI 228
TABLE 228 HITACHI: BUSINESS OVERVIEW 228
FIGURE 42 HITACHI: COMPANY SNAPSHOT 229
TABLE 229 HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 230 HITACHI: DEALS 230
9.1.4 WABTEC 233
TABLE 231 WABTEC: BUSINESS OVERVIEW 233
FIGURE 43 WABTEC: COMPANY SNAPSHOT 234
TABLE 232 WABTEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
TABLE 233 WABTEC: PRODUCT LAUNCHES 235
TABLE 234 WABTEC: DEALS 235
9.1.5 SIEMENS 238
TABLE 235 SIEMENS: BUSINESS OVERVIEW 238
FIGURE 44 SIEMENS: COMPANY SNAPSHOT 239
TABLE 236 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 239
TABLE 237 SIEMENS: DEALS 240
9.1.6 IBM 243
TABLE 238 IBM: BUSINESS OVERVIEW 243
FIGURE 45 IBM: COMPANY SNAPSHOT 244
TABLE 239 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
TABLE 240 IBM: DEALS 245
9.1.7 HUAWEI 247
TABLE 241 HUAWEI: BUSINESS OVERVIEW 247
FIGURE 46 HUAWEI: COMPANY SNAPSHOT 248
TABLE 242 HUAWEI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 243 HUAWEI: PRODUCT LAUNCHES 249
TABLE 244 HUAWEI: DEALS 249
9.1.8 INDRA SISTEMAS 251
TABLE 245 INDRA SISTEMAS: BUSINESS OVERVIEW 251
FIGURE 47 INDRA SISTEMAS: COMPANY SNAPSHOT 252
TABLE 246 INDRA SISTEMAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 247 INDRA SISTEMAS: DEALS 253
9.1.9 HONEYWELL 254
TABLE 248 HONEYWELL: BUSINESS OVERVIEW 254
FIGURE 48 HONEYWELL: COMPANY SNAPSHOT 255
TABLE 249 HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 255
TABLE 250 HONEYWELL: DEALS 256
9.1.10 ABB 257
TABLE 251 ABB: BUSINESS OVERVIEW 257
FIGURE 49 ABB: COMPANY SNAPSHOT 258
TABLE 252 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
TABLE 253 ABB: DEALS 259
9.1.11 THALES 260
9.1.12 ADVANTECH 261
9.1.13 FUJITSU 262
9.1.14 TOSHIBA 263
9.1.15 MOXA 264
9.1.16 TELEVIC 265
9.1.17 ALCATEL-LUCENT ENTERPRISE 266
9.2 STARTUPS/SMES 267
9.2.1 EKE-ELECTRONICS 267
9.2.2 AITEK S.P.A. 268
9.2.3 UPTAKE 269
9.2.4 EUROTECH 270
9.2.5 TEGO 271
9.2.6 KONUX 271
9.2.7 ASSETIC 272
9.2.8 MACHINES WITH VISION 273
9.2.9 DELPHISONIC 274
9.2.10 PASSIO TECHNOLOGIES 275
9.2.11 CLOUDMOYO 276
9.2.12 CHEMITO 277
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths/Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
10 ADJACENT/RELATED MARKETS 278
10.1 LIMITATIONS 278
10.2 RAILWAY MANAGEMENT SYSTEM MARKET – GLOBAL FORECAST TO 2025 278
10.2.1 MARKET DEFINITION 278
10.2.2 MARKET OVERVIEW 278
10.2.3 RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING 279
TABLE 254 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION) 279
TABLE 255 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION) 279
10.2.4 RAILWAY MANAGEMENT SYSTEM MARKET, BY SERVICE 280
TABLE 256 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION) 280
TABLE 257 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION) 280
10.2.5 RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION 280
TABLE 258 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 281
TABLE 259 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 281
10.3 RAILWAY PLATFORM SECURITY MARKET – GLOBAL FORECAST TO 2024 281
10.3.1 MARKET DEFINITION 281
10.3.2 MARKET OVERVIEW 281
10.3.3 RAILWAY PLATFORM SECURITY MARKET, BY COMPONENT 282
TABLE 260 RAILWAY PLATFORM SECURITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION) 282
10.3.4 RAILWAY PLATFORM SECURITY MARKET, BY SOLUTION 282
TABLE 261 SOLUTIONS: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 283
10.3.5 RAILWAY PLATFORM SECURITY MARKET, BY SERVICE 283
TABLE 262 SERVICES: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 283
10.3.6 RAILWAY PLATFORM SECURITY MARKET, BY PROFESSIONAL SERVICE 283
TABLE 263 PROFESSIONAL SERVICES: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 284
10.3.7 RAILWAY PLATFORM SECURITY MARKET, BY APPLICATION 284
TABLE 264 RAILWAY PLATFORM SECURITY MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 284
10.3.8 RAILWAY PLATFORM SECURITY MARKET, BY REGION 284
TABLE 265 RAILWAY PLATFORM SECURITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 285
10.4 DIGITAL RAILWAY MARKET – GLOBAL FORECAST TO 2024 285
10.4.1 MARKET DEFINITION 285
10.4.2 MARKET OVERVIEW 285
10.4.3 DIGITAL RAILWAY MARKET, BY SOLUTION 286
TABLE 266 DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017–2024 (USD BILLION) 286
10.4.4 DIGITAL RAILWAY MARKET, BY SERVICE 286
TABLE 267 DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017–2024 (USD BILLION) 286
10.4.5 DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE 287
TABLE 268 PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET SIZE, BY TYPE, 2017–2024 (USD BILLION) 287
10.4.6 DIGITAL RAILWAY MARKET, BY APPLICATION 287
TABLE 269 DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017–2024 (USD BILLION) 287
10.4.7 DIGITAL RAILWAY MARKET, BY REGION 288
TABLE 270 DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017–2024 (USD BILLION) 288
11 APPENDIX 289
11.1 DISCUSSION GUIDE 289
11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 294
11.3 CUSTOMIZATION OPTIONS 296
11.4 RELATED REPORTS 296
11.5 AUTHOR DETAILS 297