Smart railways integrates several advanced technology such as the Internet of things (IoT), intelligent control, advanced sensors and computing to manage various aspects of railways systems such as infrastructure inspection, customer services and train control and dispatch. Smart railways use these technologies to improve the efficient form of transportation and minimize costs by automating the process and take benefit of valuable services. Smart railways provides number of smart services such as smart ticketing, e-catering, freight information systems, passenger information system, among others. Evolution in technology is one of the major factors boosting the growth of the smart railway market. Technological advancements are enhancing the efficiency of the railways, which, in turn, improves the value of the railways. The growing adoption of high-speed rail by developing countries is a significant factor projected to fuel the growth of the smart railway market in the forecast period. Changes in lifestyle and increased disposable income of people are resulting in the increased focus on high-speed trains for public transportation. The demand for smart railway systems is substantial in China and Japan, owing to the significant investments by these countries for the development of high-speed railway systems. On the other hand, the huge deployment costs and the lack of technology infrastructure are the factors restraining the growth of the smart railway market. The increasing requirement for urban connectivity is projected to accelerate the growth of the smart railway market in the forecast period. Transport infrastructure is regarded as a vital factor for a country’s progress. Improved physical connectivity in urban and rural areas is vital for economic growth. The railway industry has observing a significant rise in passenger ridership as compared to other public transportation, due to its fare frequency and overall commute time. Thus, the rise in ridership is projected to create huge demand for cost-effective and operational efficient rail solutions. Smart Railway are projected to offer many services such as safety & security monitoring, passenger & freight operations management, rail communication & networking and ticketing system, which are anticipated to cater to the shifting demands of passengers coupled with minimizing the commute time and improving the travel experience.

The global Smart Railways Market is segregated on the basis of System as Passenger Information System, Rail & Freight Operations Management System, Smart Safety & Security Monitoring System, Rail communication & Networking System, Smart Ticketing System, Rail Analytics System and Others. Based on Offering Type the global Smart Railways Market is segmented in Solutions, Components & Devices and Services.

The global Smart Railways Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Smart Railways Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Indra Sistemas, Alcatel-Lucent Enterprise, Alstom, EKE-Electronics, Cisco, Hitachi and others are among the major players in the global Smart Railways Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In June 2021, Wabtec and CSX made a partnership to propel sustainable rail by modernizing engines across CSX’s fleet and applying advanced digital technologies to provide significant fuel efficiency and emission minimization for CSX’s rail operations. This partnership will support CSX in its commitment to minimize greenhouse gas emissions intensity by 37% by 2030.
• In May 2021, Siemens acquired Padam Mobility, a technology company which offers AI-enabled platforms and applications for on-demand and community transport services. This acquisition improves Siemens Mobility’s intelligent infrastructure portfolio emphasized on intermodal transportation.
• In January 2021, Alstom finished the acquisition of Bombardier Transportation. The acquisition provides a distinctive opportunity to empower Alstom’s position in the mobility market. It extends Alstom’s rolling stock portfolio and adds vital assets to its services business, including access to a huge network of maintenance facilities and a huge number of trains in service.

The global Smart Railways Market has been segmented as below:

Smart Railways Market, By System

• Passenger Information System
• Rail & Freight Operations Management System
• Smart Safety & Security Monitoring System
• Rail communication & Networking System
• Smart Ticketing System
• Rail Analytics System
• Others

Smart Railways Market, By Offering Type

• Solutions
• Components & Devices
• Services

Smart Railways Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Smart Railways Market, By Company

• Indra Sistemas
• Alcatel-Lucent Enterprise
• Alstom
• EKE-Electronics
• Cisco
• Hitachi
• Wabtec
• Siemens
• ABB
• IBM
• Huawei
• Honeywell
• Thales
• Advantech
• Fujitsu
• Toshiba
• Moxa
• Televic`
• Aitek S.P.A.
• Uptake
• Eurotech

The report covers the below scope:

• Global Smart Railways Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Smart Railways Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Railways Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Smart Railways Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Railways Market share. Major industry players with significant revenue share include Indra Sistemas, Alcatel-Lucent Enterprise, Alstom, EKE-Electronics, Cisco, Hitachi and others.

Why to Buy this Report:

• Gain detailed insights on the Smart Railways industry trends
• Find complete analysis on the market status
• Identify the Smart Railways Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement