Railway Platform Security Market Size | COVID-19 Impact Analysis | Forecast to 2027

The global rail platform security market size will grow from $1.7 billion in 2019 to $2.3 billion in 2024, with an average annual growth rate (CAGR) of 5% over the forecast period. The security of rail passengers is linked to the security and safety of rail assets such as rail platforms and trains. Minimizing unauthorized access with the help of the control system ensures a high level of security for passengers and items on the platform. Various measures are implemented to limit unauthorized access. These measures include railroad track fences, CCTV installations in high-risk locations, and providing information to risk groups and enhanced supervision. Access control systems play an important role in preventing unauthorized entry as it automates entry and protects critical areas. Moreover, the entry of unauthorized persons and the large number of visitors lead uncontrollable crowds on the railway platform, and the presence of unattended multiple entry points at the station is a security threat. Thus, all of these factors increase the need to minimize the risk of unauthorized access to the platform.

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Key Railway Platform Security Market Players

• Honeywell
• Indra Sistemas
• Huawei
• Bosch
• Atos
• FLIR Systems
• Axis Communications
• Telent
• Dahua Technology
• Hikvision
• STANLEY Access Technology
• Wabtec Corporation
• L&T Technology Services
• Mitsubishi Electric

Railway Platform Security Market Segmentation

By Component

• Solutions
• Sensors
• Platform Edge Doors
• Alarm Systems
• Surveillance Systems
• Services
• Managed Services
• Professional Services

By Application

• Trains
• Subway

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Railway Platform Security Market Report

• What was the Railway Platform Security Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Railway Platform Security Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Railway Platform Security Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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