About Intelligent Railway System
Digitalization across the globe has been increasing over the past few decades which has encouraged the deployment of highly automated systems in numerous application such as public transportation, security, safety, and many others. The intelligent railway systems provide several intelligent railway solutions for load detectors, wagon identification, traffic control center systems, routing and scheduling systems. These automated systems minimize the complexities in the railway applications including fault detection, brake system inspection, automated train control, and many other systems. In addition to this, introduction to cloud-based and IoT enabled intelligent railway systems will generate significant over the forecasted period. However, higher initial investments and complexities in integrating these systems with existing systems might stagnate the demand for the same.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Intelligent Railway System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thales Group (France), TransCore Atlantic LLC (United States), Altran Technologies S.A. (France), Siemens AG (Germany), Atkins Group (United Kingdom), Iteris Inc. (United States), Kapsch TrafficCom AG (Austria), Lanner Inc. (Taiwan), Ricardo PLC (United Kingdom), ABB Group (Switzerland) and Indra Sistemas, S.A. (Spain) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Alstom S.A. (Saint-Ouen), Alcatel-Lucent S.A. (France), Bombardier Inc.(Canada) and Huawei Technologies Co. Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Railway System market by , Application (Anti-Collision System, Ticketing Management, Automated Train Control, Freight Management, Assets Tracking and Management System and Others) and Region.
On the basis of geography, the market of Intelligent Railway System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Intelligent Railway System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Intelligent Railway System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Improves Consumer Safety by Minimizing the Scheduling Mistakes and Introduction to Anti-Collision System and Introduction to IoT as Well as Artificially Intelligent Automation Technologies to Enhance Optimization
Market Growth Drivers:
Intelligent Railway Systems Provide Simplified Routing and Scheduling and Minimizes the Working Complexities Caused Due to Conventional Railway Systems
Challenges:
Requires Skilled Workforce for Developing the Intelligent Railway System and Integration Complexities with the Existing Systems
Restraints:
Higher Initial Investments in Establishing Intelligent Railway System and Significant Post Purchase Maintenance Required for Maintaining Intelligent Railway System
Opportunities:
Numerous Government Initiatives in Enhancing Railway Automation and Growing Adoption of Digitalization and Increasing Government Reimbursements in the Same
Market Leaders and their expansionary development strategies
On January 15, 2019, Buffalo and Fort Erie Public Bridge Authority has selected TransCore to develop an integrated electronic toll collection and border analytics system on the Peace Bridge, which crosses the Niagara River, connecting Buffalo, New York with Fort Erie, Ontario. The innovative approach combines electronic tolling with data analytics to improve mobility and reliability along an important international bridge.
On 18th July 2019, Thales Group has introduced the 122 km high-speed railway segment between Antequera (Province of Málaga) and the city of Granada, Spain. Due to this high-speed train service, citizens will be able to travel not only between Malaga, Seville, and Cordoba but also from these cities to the rest of the country. Thales was in charge of the management and completion of the project and installed the signaling and traffic management systems, security solutions and fixed telecommunications networks.
Key Target Audience
Rail Operations Management Solution Providers, Transportation Technology Solution Providers, Rail Infrastructure Hardware and Device Suppliers, Railway Management Support Service Providers, Railway Management Companies (Private/Public), National Railway Governing Authorities/Regulators/Bodies, Transportation Research Authorities, Government Authorities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.