Smart Railways Market - Driven By Smart Systems for Optimal Utilization and Management of the Colossal Railway Infrastructure: Global Industry Analysis and Opportunity Assessment, 2015-2025

  • Published: Nov, 2016
  • Report Code: REP-GB-231

An Incisive, In-depth Analysis on the Smart Railways Market

This study offers a comprehensive, 360 degree analysis on the Smart Railways market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Smart Railways market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Adoption of innovative technologies is gaining traction in the railway sector, as governments look to offer hassle-free and efficient transport services. From ergonomic station design to ticketless travel, incorporation of smart technologies and solutions promises a massive transformation. In terms of valuation, the global smart railway market is projected to reach US$ 160 Bn in revenues by 2025, a staggering increase from US$ 17.6 Bn in 2015.

The key trends that will shape up the global smart railways market during the forecast period include,

Integrated ticketing: Adoption of paperless, integrated ticketing is gaining traction in major stations around the globe, and it is expected that smart ticketing will become more ubiquitous during the forecast period. As technology reduces our dependence on cash and paper, efforts to reduce waiting times and improve journey experience will gain momentum. The concept of a single ticket, regardless of the mode of transportation or service provider, can become a reality through the adoption of smart solutions and technology.

Big Data & IoT: Adoption of Big Data and Internet of Things (IoT) can have a massive impact on train safety. Positive train control and computer-based point machines are already witnessing a shift from analogue to digital. In addition to safety features, IoT and Big Data will be employed to gain insights into traveller behaviour. This can help operators in meticulous planning, such as staff deployment, customer service, and personalised marketing campaigns.

Government Support for Smart Railways: Success in the smart railways domain is dependent on government support and funding to a large extent. Governments in various countries have made modernisation of railways a priority, enabling faster implementation and earmarking of funds. For example, China’s largest banks have joined other financial firms with a view to invest US$ 28 Bn in PPP projects related to smart railways.

Other key trends that are covered in detail in FMI’s report on the smart railways market include,

  • Digital payment methods in railways
  • Incorporation of fibre optic technology to improve rail safety
  • Demand prediction to optimise transportation capacity and assets
  • Adoption of GSM-R systems and cloud computing in railways

Smart Railways Market Analysis and Forecast by Offering Type 

Smart Railways Market

On the basis of offering type, the global smart railways market can be segmented into,

  • Devices & components (includes rail sensors, VSC, smart cards, networking & connectivity devices, and others)
  • Services (professional services, cloud services, integration & implementation services)
  • Solutions (PIS, ASMS, RTMS, smart ticketing, RCNS, ROMS, and others)

Among these, the solutions segment revenues are the highest, followed by devices & components, and services. The services segments is projected to increase at the highest CAGR during the forecast period 2015-2025.

Smart Railways Market Size by Offering Type (US$ Bn)

Offering Type

2015

2025

CAGR

Devices & Components

XX

XX

XX

Services

XX

XX

23.80%

Solutions

XX

XX

XX

(Concealed figures available in the report)

Smart Railways Market Analysis and Forecast by Region

Asia Pacific excluding Japan (APEJ) is the largest market for smart railways, followed by North America and Western Europe. The APEJ smart railway market is projected to reach nearly US$ 50 Bn in revenues by 2025, largely on the back of robust adoption of smart technologies in China and India. The market in North America will be dominated by the U.S., whereas the Western Europe smart railways market will witness growth in EU5 countries.

Smart Railways Market Size by Region (US$ Bn)

Offering Type

2015

2025

CAGR

APEJ

XX

49.3

XX

North America

XX

XX

XX

Western Europe

XX

XX

XX

Eastern Europe

XX

XX

XX

Latin America

XX

XX

XX

Middle East & Africa

XX

XX

XX

Japan

XX

XX

XX

(Concealed figures available in the report)

Key Players in the Global Smart Railway Market

The leading players profiled in FMI’s report on the smart railway market include ABB Group, Indra Sistemas, S.A., Alstom S.A., Alcatel-Lucent S.A. Bombardier Inc., Huawei Technologies Co. Ltd., Hitachi, Ltd., Cisco Systems, Inc., Siemens AG, IBM Corporation, General Electric Co., and Ansaldo STS.

Introduction

Smart railways comprise solutions (software), devices & components (hardware) and services (professional, cloud and integration), which redefine and make intelligent use of rail assets and rail network communication by combining Information and Communication Technology (ICT) with smart transportation systems that facilitate connected, rapid, efficient and safer mode of travelling for commuters. In an era of digital communication, the gap between the physical and digital world is fading swiftly and being replaced with an entirely new mode in which the smart rail functions.

Report Synopsis

In this report, Future Market Insights presents a 10-year forecast of the global smart railways market between 2015 and 2025. The report considers 2014 as the base year and provides data for the following 12 months. In terms of revenue, the smart railways market is expected to register a CAGR of 22.3% during the forecast period.

Report Description

This research report provides a detailed market analysis, identifying all the primary forces driving the rapid growth of the smart railways market across the concerned regions. This study delivers insights about market dynamics across the seven key regions, which are expected to influence the current nature and future status of the smart railways market during the forecast period (2015-2025).

Introduction of metro and high speed rail projects, smart cities and smart transportation across the globe and increasing government support for railways are among the major factors driving growth of the global smart railways market. Furthermore, growing urbanisation & population worldwide and increasing safety and security concerns among travellers are some of the major factors contributing to growth of the global smart railways market.

The report includes FMI’s analysis of key trends, drivers and restraints influencing growth of the global smart railways market. A weighted average model is leveraged to identify the impact of the key growth drivers and restraints across the concerned regions in the market, in order to help clients in framing accurate business strategies.

The global smart railways market is segmented on the basis of offering type and region. On the basis of offering type, the smart railways market is segmented into devices and components, solutions and services. The report offers a detailed analysis of each of these segments in terms of market size (US$ Bn). Key regions assessed in the report are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa.

Given the ever-fluctuating global economy, the report not only forecasts the market on the basis of CAGR, but also analyses the impact of key parameters during each year of the forecast period. This helps the clients to understand the predictability of the market and to identify the right opportunities in the global market during the forecast period. Also, a noteworthy feature of this report is the analysis of all vital segments in terms of absolute dollar opportunity, which is critical for assessing the level of revenue opportunity in the market.

In the final section of the report, a competitive landscape of the market is included in order to present the clients with a dashboard view, based on core business segments, revenue share and key growth strategy. This section is important for gleaning insights about participants in the market’s ecosystem. Additionally, it enables identification and evaluation of key competitors based on the in-depth assessment of their capabilities and successes in the marketplace. The report offers comprehensive profiles of the providers in order to evaluate their long and short-term strategies related to products across various regions, key offerings, and recent developments in the smart railways space. Key competitors covered in this report include Huawei Technologies Co. Ltd., ABB Group, Indra Sistemas, S.A., Bombardier Inc., Hitachi, Ltd., Cisco Systems, Inc., Alstom S.A., Siemens AG, IBM Corporation, General Electric Co., Alcatel-Lucent S.A. and Ansaldo STS.

Research Methodology

In order to evaluate the smart railways market size, revenue generated by smart railways manufacturers and providers has been taken into consideration. Market estimates have been analysed keeping in mind various factors, such as technological, environmental, economical, legal and social. In order to provide accurate market forecast statistics, the current market was sized as it forms the basis of how the smart railways market would perform during the forecast period. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of processes, namely secondary research, primary research and data from paid database. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Secondary research includes product literature of key players, annual reports, press releases and relevant documents, recent trade journals, related technical write-ups, Internet sources, trade associations, agencies and statistical data from government websites. This collated data from primary and secondary sources is then analysed by the in-house research panel using market research statistical tools, which equates to the most appropriate methodology to provide a quality market research report.

Key Segments Covered

  • By Offering Type
    • Devices & Components
      • Rail Sensors
      • Video Surveillance Cameras
      • Smart Cards
      • Networking & Connectivity Devices (Router, Wi-Fi, Switches, etc.)
      • Others (Multimedia Displays)
    • Services
      • Professional Services
      • Cloud Services
      • Integration Services
    • Solutions
      • Passenger Information System (PIS)
      • Railway Traffic Management System (RTMS)
      • Advanced Security Management System
      • Smart Ticketing System (STS)
      • Rail Operations Management System
      • Rail Communication & Networking Systems
      • Others (Rail Analytics System and Freight Information System)

Key Regions/Countries Covered

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Nordic
    • BENELUX
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
    • China
    • India
    • Australia & New Zealand
    • Rest of APEJ
  • Japan
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of MEA

Key Companies

  • Huawei Technologies Co. Ltd.
  • ABB Group
  • Indra Sistemas, S.A.
  • Bombardier Inc.
  • Hitachi, Ltd.
  • Cisco Systems, Inc.
  • Alstom S.A.
  • Siemens AG
  • IBM Corporation
  • General Electric Co.
  • Alcatel-Lucent S.A.
  • Ansaldo STS

Smart Railways Market Reports - Table of Contents

Smart Railways Market Reports - List of Tables

Table 1: Global Smart Railways Market Size, Market Share (2015 & 2025) and CAGR (2015-2025), by Offering Type

Table 2: Global Smart Railways Market Size, Market Share (2015 & 2025) and CAGR (2015-2025), by Devices & Components Segment

Table 3: Global Smart Railways Market Size, Market Share (2015 & 2025) and CAGR (2015-2025), by Services Segment

Table 4: Global Smart Railways Market Size, Market Share (2015 & 2025) and CAGR (2015-2025), by Solutions Segment

Table 5: Global Smart Railways Market Value Forecast, by Country (US$ Bn)

Table 6: Global Smart Railways Market Value Forecast, by Offering Type (US$ Bn)

Table 7: Latin America Smart Railways Market Value Forecast, by Country (US$ Bn)

Table 8: Latin America Smart Railways Market Value Forecast, by Offering Type (US$ Bn)

Table 9: Western Europe Smart Railways Market Value Forecast, by Country (US$ Bn)

Table 10: Western Europe Smart Railways Market Value Forecast, by Offering Type (US$ Bn)

Table 11: Eastern Europe Smart Railways Market Value Forecast, by Country (US$ Bn)

Table 12: Eastern Europe Smart Railways Market Value Forecast, by Offering Type (US$ Bn)

Table 13: APEJ Smart Railways Market Value Forecast, by Country (US$ Bn)

Table 14: APEJ Smart Railways Market Value Forecast, by Offering Type (US$ Bn)

Table 15: Japan Smart Railways Market Value Forecast, by Offering Type (US$ Bn)

Table 16: MEA Smart Railways Market Value Forecast, by Country (US$ Bn)

Table 17: MEA Smart Railways Market Value Forecast, by Offering Type (US$ Bn)

Smart Railways Market Reports - List of Figures

Fig 1: Global Smart Railways Market Value Forecast (US$ Bn) and Y-o-Y Growth (%), 2014-2025

Fig 2: Global Smart Railways Market Absolute $ Opportunity, 2014-2025 (US$ Bn) 

Fig 3: Global Smart Railways Market Value Share & BPS Analysis by Offering Type, 2015 & 2025

Fig 4: Global Smart Railways Market Value Y-o-Y Growth by Offering Type 2015 - 2025 

Fig 5: Devices & Components Segment Value Forecast (US$ Mn) and Y-o-Y Growth (%), 2014-2025

Fig 6: Devices & Components Segment Absolute $ Opportunity, 2014-2025 (US$ Mn) 

Fig 7: Services Segment Value Forecast (US$ Mn) and Y-o-Y Growth (%), 2014-2025

Fig 8: Services Segment Absolute $ Opportunity, 2014-2025 (US$ Mn) 

Fig 9: Solutions Segment Value Forecast (US$ Mn) and Y-o-Y Growth (%), 2014-2025

Fig 10: Solutions Segment Absolute $ Opportunity, 2014-2025 (US$ Mn) 

Fig 11: Global Smart Railways Market Attractiveness by Offering Type, 2015-2025

Fig 13: Global Smart Railways Market Value Y-o-Y Growth by Devices & Components, 2015 - 2025 

Fig 12: Global Smart Railways Market Value Share & BPS Analysis by Devices & Components, 2015 & 2025

Fig 14: Devices & Components Market Attractiveness Analysis, 2015-2025 

Fig 15: Global Devices & Components Segment Value Forecast (USS Bn) and Y-o-Y Growth (%), by Rail Sensors Sub-segment, 2014-2025

Fig 16: Global Devices & Components Segment Value Absolute $ Opportunity, by Rail Sensors Sub-segment, 2014-2025 (US$ Bn) 

Fig 17: Global Devices & Components Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by VSC Sub-segment, 2014-2025

Fig 18: Global Devices & Components Segment Value Absolute $ Opportunity, by VSC Sub-segment, 2014-2025 (US$ Bn) 

Fig 19: Global Devices & Components Segment Forecast (US$ Bn) and Y-o-Y Growth (%), by Smart Cards Sub-segment, 2014-2025

Fig 20: Global Devices & Components Segment Value Absolute $ Opportunity, by Smart Cards Sub-segment, 2014-2025 (US$ Bn) 

Fig 21: Global Devices & Components Segment Forecast (US$ Bn) and Y-o-Y Growth (%), by Networking & Connectivity Devices Sub-segment, 2014-2025

Fig 22: Global Devices & Components Segment Value Absolute $ Opportunity, by Networking & Connectivity Devices Sub-segment, 2014-2025 (US$ Bn) 

Fig 23: Global Devices & Component Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Others Sub-segment, 2014-2025

Fig 24: Global Devices & Components Segment Value Absolute $ Opportunity, by Others Sub-segment, 2014-2025 (US$ Bn) 

Fig 25: Global Smart Railways Market Value Share & BPS Analysis by Services Segment, 2015 & 2025

Fig 26: Global Smart Railways Market Value Y-o-Y Growth by Services Segment, 2015 - 2025 

Fig 27: Global Smart Railways Market Attractiveness, by Services Segment, 2015-2025

Fig 28: Global Services Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Professional Services Sub-segment, 2014-2025

Fig 29: Global Services Segment Value Absolute $ Opportunity, by Professional Services Sub-segment, 2014-2025 (US$ Bn) 

Fig 30: Global Services Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Cloud Services Sub-segment, 2014-2025

Fig 31: Global Services Segment Value Absolute $ Opportunity, by Cloud Services Sub-segment, 2014-2025 (US$ Bn) 

Fig 32: Global Services Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Integration & Implementation Services Sub-segment, 2014-2025

Fig 33: Global Services Segment Value Absolute $ Opportunity, by Integration & Implementation Services Sub-segment, 2014-2025 (US$ Bn) 

Fig 34: Global Smart Railways Market Value Share and BPS Analysis, by Solutions Segment, 2015 and 2025 

Fig 35: Global Solutions Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by RTMS Sub-segment, 2014-2025

Fig 36: Global Solutions Segment Value Absolute $ Opportunity, by RTMS Sub-segment, 2014 – 2025 (US$ Bn) 

Fig 37: Global Solutions Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by ASMS Sub-segment, 2014-2025

Fig 38: Global Solutions Segment Value Absolute $ Opportunity, by ASMS Sub-segment, 2014 – 2025 (US$ Bn) 

Fig 39: Global Solutions Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Smart Ticketing System Sub-segment, 2014-2025

Fig 40: Global Solutions Segment Value Absolute $ Opportunity, by Smart Ticketing System Sub-segment, 2014 – 2025 (US$ Bn)  

Fig 41: Global Solutions Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by ROMS Sub-segment, 2014-2025

Fig 42: Global Solutions Segment Value Absolute $ Opportunity, by ROMS Sub-segment, 2014 – 2025 (US$ Bn) 

Fig 43: Global Solutions Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by RCNS Sub-segment, 2014-2025

Fig 44: Global Solutions Segment Value Absolute $ Opportunity, by RCNS Sub-segment, 2014 – 2025 (US$ Bn) 

Fig 45: Global Solutions Segment Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Others Sub-segment, 2014-2025

Fig 46: Global Solutions Segment Value Absolute $ Opportunity, by Others Sub-segment, 2014 – 2025 (US$ Bn) 

Fig 47: Global Smart Railways Market Attractiveness, by Solutions Segment, 2015-2025

Fig 48: Global Smart Railways Market Size and Forecast, by Region (2015 and 2025) 

Fig 49: Global Smart Railways Market Value Share (%) & BPS Analysis, 2015 and 2025, by Region

Fig 50: Global Smart Railways Market Value Y-o-Y Growth Analysis, 2015-2025, by Region

Fig 51: Global Smart Railways Market Attractiveness Analysis, by Region

Fig 52: Smart Railways Market Value Forecast (US$ Bn) and Y-o-Y Growth (%), by North America, 2014-2025

Fig 53: Smart Railways Market Value Absolute $ Opportunity, by North America, 2014-2025 (US$ Bn) 

Fig 54: North America Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Country

Fig 55: North America Smart Railways Market Attractiveness Analysis, by Country

Fig 56: North America Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Offering Type

Fig 57: North America Smart Railways Market Attractiveness Analysis, by Offering Type

Fig 58: Global Smart Railways Market Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Latin America, 2014-2025

Fig 59: Global Smart Railways Market Value Absolute $ Opportunity, by Latin America, 2014-2025 (US$ Bn) 

Fig 60: Latin America Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Country

Fig 61: Latin America Smart Railways Market Attractiveness Analysis, by Country

Fig 62: Latin America Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Offering Type

Fig 63: Latin America Smart Railways Market Attractiveness Analysis, by Offering Type

Fig 64: Global Smart Railways Market Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Western Europe, 2014-2025

Fig 65: Global Smart Railways Market Value Absolute $ Opportunity, by Western Europe, 2014-2025 (US$ Bn) 

Fig 66: Western Europe Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Country

Fig 67: Western Europe Smart Railways Market Attractiveness Analysis, by Country

Fig 68: Western Europe Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Offering Type

Fig 69: Western Europe Smart Railways Market Attractiveness Analysis, by Offering Type

Fig 70: Global Smart Railways Market Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Eastern Europe, 2014-2025

Fig 71: Global Smart Railways Market Value Absolute $ Opportunity, by Eastern Europe, 2014-2025 (US$ Bn) 

Fig 72: Eastern Europe Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Country

Fig 73: Eastern Europe Smart Railways Market Attractiveness Analysis, by Country

Fig 74: Eastern Europe Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Offering Type

Fig 75: Eastern Europe Smart Railways Market Attractiveness Analysis, by Offering Type

Fig 76: Global Smart Railways Market Value Forecast (US$ Bn) and Y-o-Y Growth (%), by APEJ, 2014-2025

Fig 77: Global Smart Railways Market Value Absolute $ Opportunity, by APEJ, 2014-2025 (US$ Bn) 

Fig 78: APEJ Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Country

Fig 79: APEJ Smart Railways Market Attractiveness Analysis, by Country

Fig 80: APEJ Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Offering Type

Fig 81: APEJ Smart Railways Market Attractiveness Analysis, by Offering Type

Fig 82: Global Smart Railways Market Value Forecast (US$ Bn) and Y-o-Y Growth (%), by Japan, 2014-2025

Fig 83: Global Smart Railways Market Value Absolute $ Opportunity, by Japan, 2014-2025 (US$ Bn) 

Fig 84: Japan Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Offering Type

Fig 85: Japan Smart Railways Market Attractiveness Analysis, by Offering Type

Fig 86: Global Smart Railways Market Value Forecast (US$ Bn) and Y-o-Y Growth (%), by MEA, 2014-2025

Fig 87: Global Smart Railways Market Value Absolute $ Opportunity, by MEA, 2014-2025 (US$ Bn) 

Fig 88: MEA Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Country

Fig 89: MEA Smart Railways Market Attractiveness Analysis, by Country

Fig 90: MEA Smart Railways Market Value Share (%) & BPS Analysis, 2015 & 2025, by Offering Type

Fig 91: MEA Smart Railways Market Attractiveness Analysis, by Offering Type

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