Railway Platform Security Market worth US$ 2.3 Billion by 2024 | Latest Innovation, Advance Technology, Top Companies

According to Market Study Report, Railway Platform Security Market provides a comprehensive analysis of the Railway Platform Security Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Railway Platform Security Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Railway Platform Security Market size to grow from US$ 1.7 Billion in 2019 to US$ 2.3 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period. This report spread across 149 Pages, Profiling 20 Companies and Supported with 126 Tables and 38 figures is now available in this research.

Top Companies profiled in the Railway Platform Security Market:
• Honeywell (US)
• IndraSistemas (Spain)
• Huawei (China)
• Bosch (Germany)
• Atos (France)
• FLIR Systems (US) Axis Communications (US)
• telent (UK)
• Dahua Technology (China)
• Hikvision (China)
• STANLEY Access Technology (US)
• Wabtec (US)
• L&T Technology Services (India)
• Mitsubishi Electric (Japan)
• Genetec (Canada)
• Knorr-Bremse (Germany)
• Nabtesco (Japan)
• Senstar (Canada)
• Avnet (US)
• Anixter (US)

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“Among solutions, the platform edge doors/platform screen doors segment to grow at the highest CAGR during the forecast period”
The term Platform Screen Doors (PSDs) is used to describe the provision of full height door systems, such as additional panels, to provide a complete seal between the platform and the track area of a station. These systems are normally required where climate control is the primary purpose, but they also provide a safety improvement as an additional benefit. Another type of system is named Platform Edge Doors (PEDs)as it does not form a complete division between platforms and tracks. Rather, the PED design forms a full or half height barrier along the platform edge but does not provide the air seal required for full climate control.

“Asia Pacific to be the fastest-growing region”
Asia Pacific (APAC) is expected to be the fastest-growing region in the railway platform security market, due to the increasing adoption of advanced technologies, rising investments for digital transformation, and increasing GDP of APAC countries. A majority of the potential APAC economies such as Australia, Singapore, China, Korea, Hong Kong, and India are rapidly investing in technological transformation. According to Business Line’s latest estimates, 30% of the global rail investment is localized in APAC

Competitive Landscape of Railway Platform Security Market:
1 Introduction
2 Competitive Scenario
2.1 Partnerships
2.2 New Product Launches
2.3 Acquisitions
2.4 Business Expansions

Reason to purchase this report:
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall railway platform security market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies.

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