Smart Railways Market Size, Share Global Analysis Report, 2021 – 2026

Industry Insights

[213+ Pages Report] The latest findings and offering on the smart railways market by Facts & Factors in a neatly titled “Global Smart Railways Market” report. We at Facts & Factors estimated the market to be valued at USD 25.6 Billion in the year 2020 growth at a CAGR of 10.5% is estimated to reach an overall value of USD 40.2 Billion by 2026.

Market Overview

Smart railways are incorporated of technology that is built using GSM-R-based systems, cloud computing measures, and data analytics. Internet of Things is often associated with integration in smart railways in order to distribute information over vast areas of networks.

Smart railways also comprise advanced features such as smart ticketing, e-catering, and freight information system. These systems are often known for leveraging automation measures in order to improve efficiency and comfort measures for the consumers.

Industry Growth Factors

The global smart railways market is expected to be occupied by contributing factors such as the rising demands for higher efficiency measures, increasing infographic growth, and rapid urbanization measures to name a few. Additionally, targeted technological solutions for customer experience coupled with the rising government initiatives are expected to increase the footprint of the global smart railways market during the forecast period.

Moreover, the integration of IoT-based services coupled with rising technological measures in the automation sector is expected to fuel the growth of the global smart railways market during the forecast period.

The global smart railways market is expected to be driven by the reduced downtimes, passenger optimization measures, and increasing freight schedules to name a few. The rising need for advanced transportation infrastructure is further expected to increase the consumer base for the global smart railways market to a higher boundary.

However, a higher cost of deployment and lack of skilled workforce is expected to decrease the market share during the advent of the forecast period.

Segmentation Analysis

The global smart railways market is segmented into offering, application, and region.

The global smart railways market is divided into solutions and services on the basis of offering. The segment pertaining to solutions is expected to witness the largest market share during the advent of the forecast owing to the rising adoption of smart communication solutions coupled with rising beneficiaries such as on-time communication among stations, control, and dispatch centers, and rolling stock measures to name a few.

Based on application, the global smart railways market is categorized into rail communication & networking system, smart ticketing systems, rail operation, and control solutions, rail & freight operations management systems, rail analytics systems, and others. The rail and freight operations management systems segment is expected to occupy the largest market share during the advent of the forecast owing to an increase in ridership in terms of consumers and goods & services, timetable management, capacity optimization tools, and timely travel service.

Report Scope

Regional Analysis

Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to a rising trend of megacities in the region of emerging economies such as India and China coupled with increasing demand for upgrading/replacing older sections of the tracks to name a few. Additionally, the rising government initiatives coupled with increasing awareness about public-private partnership (PPP) measures are expected to increase the footprint of the smart railways market during the forecast period. Europe is expected to witness a substantial market share during the advent of the forecast after the latter region owing to well-established railway infrastructure, increasing social and trade agreements, and rising efficiency demands of existing infrastructure to name a few.

Competitive Players

The key market participants for the global smart railways market are :

• Alstom
• Cisco
• Wabtec
• ABB
• IBM Corporation
• Hitachi
• Huawei
• Indra Sistemas
• Siemens
• Honeywell
• Aitek S.p.A.
• Ale International
• General Electric Co.
• Ansaldo STS
• Bombardier Inc.
• Alcatel-Lucent S.A.

By Offering Segment  Analysis

• Solutions
• Services

By Application Segment  Analysis

• Rail Communication & Networking System
• Smart Ticketing Systems
• Rail Operation & Control Solutions
• Rail & Freight Operations Management System
• Rail Analytics Systems
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa