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Global Smart Railways Market Size, Share, Forecast: By System: Rail & Freight Operations Management System, Passenger Information System, Smart Safety and Security Monitoring System, Rail Communication and Networking System, Smart Ticketing System, Others; By Offering; Regional Analysis; Competitive Landscape; 2024-2032
Global Smart Railways Market Outlook
The global smart railways market size reached approximately USD 29.13 billion in 2023. The market is further projected to grow at a CAGR of 11.2% between 2024 and 2032, reaching a value of USD 75.75 billion by 2032.
Key Trends in the Market
Smart railway brings together advanced technologies including intelligent controls, sensors, and computing to improve the mobility and sustainability and allows the efficient management of railway operations. It is an integrated and networked system that provides a wide range of services and equipment such as station interlocking and signal control, among others.
- Increasing adoption of sustainable practices including use of renewable energy sources such as wind and solar power and regenerative braking and LED lighting as they help in reducing energy consumption is aiding the smart railways market growth.
- Rapid urbanisation, increasing number of railway projects, and change in payment habits of passengers has boosted the requirement for advanced technologies for efficient management of railway operations. Integration of latest technologies such as Internet of Things and artificial intelligence makes operation accurate and more efficient.
- The adoption of railways by working professionals due to the economic and time saving nature of the transportation mode is rising. Due to the increased number of frequent travellers, the adoption of smart railways is increasing as they help in curbing issues related to real time mode, ensure safety during travel, and reduce the overall commute time for daily travellers.
Global Smart Railways Market Analysis
On the basis of system, the market is divided into rail & freight operations management system, passenger information system, smart safety and security monitoring system, rail communication and networking system, smart ticketing system, and rail analytics system, among others. Based on offering, the market is segmented into solutions, services, and components and devices. On the basis of region, the smart railways market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Cisco Systems, Inc.
- Alstom Holdings
- Siemens AG
- Hitachi, Ltd.
- ALE International
- Huawei Technologies Co. Ltd
- IBM Corp.
- Thales Group
- Cyient Ltd.
- Toshiba Infrastructure Systems & Solutions Corporation
- Others
Market Share by System
Rail analytics system is anticipated to account for a significant smart railways market share as the network operators are heavily investing towards their research and development. The rising popularity of cloud-based technologies and growing demand for tools that help maximise maintenance intervals are further enhancing the segment growth. These solutions work closely with surveillance and security systems which makes it easy to detect obstacles and improve the efficiency of railway systems.
Market Share by Region
The Asia Pacific accounted for a significant share of the market owing to the rising investments by the governments of countries such as India and China towards the upgradation of existing railway lines to improve their operational efficiency. Additionally, the provision of real time information on train movements coupled with incorporation of smart safety solutions is further boosting the smart railways market demand.
Market in Europe is anticipated to grow rapidly over the forecast period owing to the heavy investments on Internet of Things solutions and increased focus towards technical developments in the transportation sector.
Competitive Landscape
Cisco Systems, Inc. was founded in 1984 and is headquartered in California, United States. The multinational technology company delivers software-defined networking, cloud, and security solutions to the businesses around the globe.
Alstom Holdings is a machinery manufacturing company that was founded in 1988 and is headquartered in Paris, France. The company is known for building and repairing rail cars and locomotives and for providing a wide range of customised services.
Siemens AG was established in 1847 and has its headquarters located in Munich, Germany. The multinational automation company specialises in cybersecurity, digitalisation, electrification, and artificial intelligence, among others.
Other market players include Hitachi, Ltd., ALE International, Huawei Technologies Co. Ltd, IBM Corp., Thales Group, Cyient Ltd., and Toshiba Infrastructure Systems & Solutions Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by System |
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| Breakup by Offering |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Railways Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Railways Historical Market (2018-2023)
8.3 Global Smart Railways Market Forecast (2024-2032)
8.4 Global Smart Railways Market by System
8.4.1 Rail & Freight Operations Management System
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Passenger Information System
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Smart Safety and Security Monitoring System
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Rail Communication and Networking System
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Smart Ticketing System
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Rail Analytics System
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Smart Railways Market by Offering
8.5.1 Solutions
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Services
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Components and Devices
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Smart Railways Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Smart Railways Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Railways Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Railways Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Railways Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Railways Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cisco Systems, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Alstom Holdings
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Siemens AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hitachi, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ALE International
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Huawei Technologies Co. Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 IBM Corp.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Thales Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Cyient Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Toshiba Infrastructure Systems & Solutions Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Railways Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Railways Historical Market: Breakup by System (USD Billion), 2018-2023
3. Global Smart Railways Market Forecast: Breakup by System (USD Billion), 2024-2032
4. Global Smart Railways Historical Market: Breakup by Offering (USD Billion), 2018-2023
5. Global Smart Railways Market Forecast: Breakup by Offering (USD Billion), 2024-2032
6. Global Smart Railways Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Smart Railways Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Smart Railways Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Smart Railways Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Smart Railways Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Smart Railways Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Smart Railways Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Smart Railways Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Smart Railways Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Smart Railways Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Smart Railways Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Smart Railways Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Smart Railways Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 29.13 billion in 2023.
The market is projected to grow at a CAGR of 11.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 75.75 billion by 2032.
The major market drivers include increasing number of railway projects and development of megacities.
The key trends fuelling the growth of the market include rapid urbanisation, rising adoption by working professionals, and increasing investments in the research and development of analytic solutions.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant offerings available in the market include solutions, services, and components and devices.
The key players in the market are Cisco Systems, Inc., Alstom Holdings, Siemens AG, Hitachi, Ltd., ALE International, Huawei Technologies Co. Ltd, IBM Corp., Thales Group, Cyient Ltd., and Toshiba Infrastructure Systems & Solutions Corporation, among others.
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