Smart Railways Market 2021 Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2025 | Cisco Systems Inc., IBM Corporation, ALE International, Huawei Technologies Co. Ltd, Siemens AG, Hitachi Ltd, Tata Consultancy

The “Smart Railways Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The Smart Railways Market was valued at USD 13.85 billion in 2019, and it is estimated to be worth USD 32.07 billion by 2025, registering a CAGR of 15.14% during the forecast period (2020 - 2025).

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Smart Railways market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Smart Railways Market: Cisco Systems Inc., IBM Corporation, ALE International, Huawei Technologies Co. Ltd, Siemens AG, Hitachi Ltd, Tata Consultancy Services Limited, Moxa Inc., Thales Group, General Electric Company, Cyient Limited, Toshiba Corporation

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Industry News:

- November 2019 - Alstom signed a ten-year maintenance contract with SBB, the Swiss national railway company, to maintain SBBs European Train Control System (ETCS), the signaling and control component of the European Rail Traffic Management System (ERTMS).

- April 2019 - At IBM's IoT Exchange, IBM announced a collaboration with Sund & Blt to assist in IBM's development of an AI-powered IoT solution designed, to help prolong the lifespan of aging bridges, tunnels, highways, and railways. The new industry solution, IBM Maximo for Civil Infrastructure, further extends the IBM Maximo portfolio, while providing deep industry and task-specific functionality, to help organizations manage, monitor, and administer their infrastructure assets.

For a comprehensive understanding of market dynamics, the global Smart Railways market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends

Rail Analytics System is Expected to Witness Significant Growth

- The rail network operators in developed parts of the world are actively investing in the development of analytics systems. Currently, there is a prominence of cloud-based systems. The market is witnessing a need for tools that help in maximization of intervals between certain maintenance events, like turning wheels (on a lathe) or replacing the wheel-and-axle sets on the trains, which reduce maintenance costs.

- The analytics-based solutions are expected to work in close coordination with security and surveillance systems to leverage video analytics, which is likely to help in obstacle determination, thereby, improving the overall efficiency of the railway system.

- Time-table management, capacity optimization, timely travel service, and predictive maintenance are the primary reasons for the adoption of rail analytic systems. The rail network operators in developed parts of the world are actively investing in the development of analytics systems. Currently, cloud-based systems are prominent. For instance, UK-based Network Rail recently partnered with Deloitte, to leverage the railway signaling systems to deliver 92.5% public performance measure (PPM).

- The expected software modules in smart railways are the ones with the ability to track and monitor, remotely diagnose, and maintain task management, along with data analytics, driver assistance systems, mobile technician app, and locomotive train controllers. New fuel technologies, to make railways as a more sustainable solution, are upcoming in the market. These are expected to include the usage of hydrogen, wind-turbines, or solar panels.

Asia-Pacific is Expected to Witness Significant Growth

- According to the International Union of Railways, Asia-Pacific accounted for close to 28% of the total railways' network (in terms of length of lines). The share is majorly represented by China and India with 100,000 km and 65,000 km network. Regional governments in this region have been making concerted attempts to upgrade and revamp the existing lines, to enhance the overall efficiency of their operations.

- Furthermore, the emergence of megacities is expected to be the highest in emerging markets of Asia-Pacific; four of the worlds existing 24 megacities are in China. It is expected that Chinese planners will merge nine cities in the Pearl River Delta, from Guangzhou to Shenzhen, to create a 26,000 sq. km urban area. This is likely to be 26 times larger than Greater London. Around USD 260 billion is expected to be spent on this project over the next four years, to integrate transport, energy, water, and telecommunication networks.

- Moreover, several banks in China are coming together to fund over USD 28 billion in public-private partnership (PPP) projects for the smart railway system. Similarly, Japan is on its way to deploying smart solutions, like providing the personal concierge for travelers, which leverages AI.

- The Shanghai Hongqiao railway station is one of the busiest railway stations in Asia, in terms of passenger throughput. In partnership with Huawei, China Mobile Shanghai launched a 5G network at the station, to incorporate a 5G digital indoor system (DIS). This is aimed at enabling passengers to log into a network supported by the system and download a 2 GB high-definition film in less than 20 seconds.

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Influence of the Smart Railways market report:

-Comprehensive assessment of all opportunities and risks in the Smart Railways market.

–Smart Railways market recent innovations and major events.

-Detailed study of business strategies for growth of the Smart Railways market-leading players.

-Conclusive study about the growth plot of Smart Railways market for forthcoming years.

-In-depth understanding of Smart Railways market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Smart Railways market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Smart Railways Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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