Global Smart Railways Market Research Report by Forecast to 2022
Pune, Maharashtra -- (SBWIRE) -- 04/27/2017 -- Market Highlights:
In this advanced technology driven market, the smart railways market is coming up with high-tech technology, smart ticketing, advanced infotainment services and safety and security of passengers. The advanced infotainment services has numerous advantages and consumer demand for better travelling experience. The key benefits of passenger infotainment system includes passenger awareness in their journey, personal security of the passengers, driver, and property. The disadvantage of infotainment services is that when news is mixed with entertainment, media time and spaces are limited, increasing difficulty separating fact from fiction.
The Smart Railways Market is growing rapidly at approx. 12% CAGR and is expected to reach approximately USD 17 billion by the end of forecast period.
Major Key Players:
-Alstom SA (France)
-Cisco Systems, Inc. (U.S.)
-ABB Ltd (Switzerland)
-International Business Machines Corporation (U.S.)
-Hitachi Limited (Japan)
-Bombardier, Inc. (Canada)
-Huawei Technologies Co. Ltd. (China)
-Indra Sistemas S.A. (Spain)
-Siemens AG (Germany)
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The smart railways market has been segmented on the basis of type of solution, component and service. On basis of service the market is segmented into, professional service, integration & deployment service, managed service. The integration and deployment service include major benefits which are driving the smart railways market processed efficiency across organizations, dramatically improved visibility, significant it time and cost savings, accelerated growth and user-driven innovation.
The prominent players in the smart railways market are Alstom SA (France), Cisco Systems, Inc. (U.S.), ABB Ltd (Switzerland), International Business Machines Corporation (U.S.), Hitachi Limited (Japan), Bombardier, Inc. (Canada), Huawei Technologies Co. Ltd. (China), Indra Sistemas S.A. (Spain), Siemens AG (Germany), Alcatel-Lucent (France) among others.
The regional analysis of smart railways market is being studied for region such as Asia-Pacific, North America, Europe and Rest of the World. The Asia-Pacific region is leading in the smart railways market followed by North-America and Europe. In Asia-Pacific countries like India and China are making huge investment because of the explosive growth of population and increasing strain on the existing transport infrastructure, proper management and efficient transportation of goods and manpower.
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Market Research Analysis:
Market Research Future Analysis shows that new adoptions of smart technologies and digitized infrastructure is driving the smart railways market. Regional analysis for Smart Railways market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of World. Asia-Pacific region is estimated to be the leader in smart railways market followed by North America and Europe.
The Europe region is leading because of the large investment by the government in rail automation which provides real time information of passengers and information transfer and sharing between related businesses which provides better and efficient travel experience.
Smart Railways Market by Solution:
-Passenger Information System
-Freight Information System
-Advance Security Monitoring Solution
-Rail Communication System
-Smart Ticketing System
Smart Railway Market by Components:
-Video Surveillance Cameras
-Networking And Connectivity Devices
-Multimedia Infotainment Displays
-Vehicle Stability Control (VSC)
Smart Railways Market by Service:
-Integration & Deployment Service
-Original Equipment Manufacturers
-Smart Railways Manufacturers
Table of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables
Table 1 Global Smart Railways Market, By Solution
Table 2 Global Smart Railways Market, By Components
Table 3 Global Smart Railways Market, By Service
List of Figures
Figure 1 Research Network Solution
Figure 2 Global Smart Railways: By Solution (%)
Figure 3 Global Smart Railways: By Components (%)
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