Global Railway Platform Security Market is anticipated to reach US$ 2.67 Bn by 2027 from US$ 1.8 Bn in 2019 at a CAGR of 5.8% during a forecast period.Global Railway Platform Security Market Overview
Several security hazards exist on the railway station, including fraud, vandalism, pickpocketing, unauthorized access, and fire. The installation of security systems on train platforms has become necessary as a result of these issues. These security systems are also being employed to comply with increasingly stringent safety and efficiency rules, as well as to control pollution. Significant developments in sensor technology and passenger safety solutions have influenced the growth of the market.To know about the Research Methodology :- Request Free Sample Report The report includes a comprehensive background analysis of the rail freight market, including an analysis of industry and economic sector contributions. The report has covered the market trends from 2015 to forecast the market through 2027. Where 2019 is considered a base year however the numbers for 2020 are considered based on the actual output of the market's companies. The report contains an analysis of the impact of COVID-19 lockdown on the revenue of the market and its effect on the demand and supply of the market. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Railway Platform Security Market Dynamics
The market growth has been influenced by significant developments in sensing technology and passenger safety solutions. As a result, the enhanced collision avoidance systems have become more widely used to ensure passenger and public safety. Also, technology like intelligent transportation systems (ITS) combine information and communication technology is preferred for highly efficient transportation services including traffic management. These systems also help in the improvement of transportation network operational efficiency and railway safety, which is expected to drive the growth of the market during the forecast period. However, markets growth is hampered by a lack of awareness of the benefits and expenditures necessary for the adoption of railway platform security systems. Credible security concerns throughout the delivery of affordable and secure data storage are also important challenges that railway platform security suppliers are dealing with.Increasing security with video analytics
Security cameras are installed in railway platforms with the highest demands on accuracy, performance, and service quality. Video analytics and facial recognition are used in the security system. While monitoring the feed, it recognizes the suspicious person using facial recognition technology, based on the existing data system. As a result, Video Surveillance System is expected to improve passenger security at railway platforms, boosting market growth over the forecast period.COVID-19 Impact on the Global Railway Platform Security Market
COVID pandemic has a major impact on the market in terms of sales as more than 44% of sales of units are hampered owing to disruption in transport capabilities of the manufacturers due to stringent norms of lockdown and increasing safety concerns. The railway platform security market was badly impacted by the COVID-19 epidemic, which resulted in huge revenue losses. Installations and deployments were delayed, and technology providers faced numerous challenges, including sourcing raw materials and components during quarantines, and delivering finished products. Despite these challenges, the railway platform security market has gained several new traffic channels due to government efforts to provide oxygen, food, and medical supplies. Remote monitoring requirements and the detection of the crowd at various crowded train stations are expected to positively impact market growth. As a result, the market is quickly returning to normalcy, due to the installation of sanitization booths at train platforms as part of reconstruction activities. This in turn is expected to propel market growth even further.Global Railway Platform Security Market Segmentation Analysis
By Component, the solutions segment dominated the market, with a market size of US$ xx Mn. in 2019 and to reach US$ xx Mn. by 2027, with a CAGR of xx%. To prevent security, companies are adopting solutions like sensors and video surveillance systems. These solutions provide security with sensors including fiber optic sensors, radar sensors, microwave sensors, and infrared sensors. The railway platform security market is driven by solutions. The solutions manage railway station security-related activities, such as passenger safety and security. Furthermore, the solutions are also used to increase operational efficiency and the management systems of railways. Among services, the managed services segment to grow at a higher CAGR of xx% during the forecast period. The managed services segment offers flexibility and handles various operations efficiently by cutting total operational costs. The service segment also aids in the performance of the intended function by the client's individual needs, resulting in greater customer satisfaction. Furthermore, the growing trend of outsourcing management functions to cloud service providers and managed service providers is likely to support the segment's growth.By Application, the trains segment dominated the market, with a market size of US$ xx Mn. in 2019 and to reach US$ xx Mn. by 2027, with a CAGR of xx%. Damage, theft, drug selling, fire, and terrorism are all security and safety concerns at train stations. Managing them is difficult due to the numerous places that need to be watched, including tracks, underground passages, vehicle parking areas, buildings, luggage storage facilities, and parked railway cars and engines. Due to the lack of access limitations at most train stations, railway platform security solutions for monitoring all areas are required.
Global Railway Platform Security Market Regional Insights
North America holds a 39 percent share of the global railway platform security market in 2019. Because of the increased acceptance of modern technologies and significant expenditures in technological transformation in this region, the railway platform security market is growing. Furthermore, government regulations governing public safety and collision avoidance technology are propelling the region's growth. The Asia Pacific is expected to have the largest market share during the forecast period. In most Asian Pacific countries, the quick adoption of surveillance systems & Platform Screen Doors, high-speed rail, smart transportation, and railway upgrading projects have contributed to the region's growth.Frequently Asked Questions
1. What is the projected market size & growth rate of the Railway Platform Security Market? Ans.Railway Platform Security Market was valued at USD 1.8 Billion in 2019 and is projected to reach USD 2.67 Billion by 2027, growing at a CAGR of 5.8 % during the forecast period. 2.What is Railway Platform Security Market? Ans.The installation of security systems on train platforms to comply with increasingly stringent safety and efficiency rules, as well as to control pollution. 3.What is the key driving factor for the growth of the Railway Platform Security Market? Ans.Significant developments in sensing technology and passenger safety solutions are the key factor driving the growth of the market. 4.What segments are covered in Railway Platform Security Market? Ans.Global Railway Platform Security Market is segmented based on Component, Application and Region. 5.What are the top players operative in Railway Platform Security Market? Ans. Indra Sistemas (Spain), Honeywell (US), Huawei (China), Atos (France), Bosch (Germany), FLIR Systems (US), Talent (UK), Axis Communications (Sweden), Zhejiang Dahua (US)Global Railway Platform Security Market Scope: Inquire before buying
Global Railway Platform Security Market by Region
• North America • Asia pacific • Europe • Middle East and Africa • South AmericaGlobal Railway Platform Security Market Key Players
• Indra Sistemas (Spain) • Honeywell (US) • Huawei (China) • Atos (France) • Bosch (Germany) • FLIR Systems (US) • Talent (UK) • Axis Communications (Sweden) • Zhejiang Dahua (US) • STANLEY (US) • Hikvision (China) • Wabtec (US) • Mitsubishi Electric (Japan) • L&T Technology Services (India) • Genetec (Canada) • Nabtesco (Japan) • Knorr-Bremse (Germany) • Senstar (Canada) • Anixter (US) • Avnet (US)
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Railway Platform Security Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Railway Platform Security Market 3.4. Geographical Snapshot of the Railway Platform Security Market, By Manufacturer share 4. Global Railway Platform Security Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Railway Platform Security Market 5. Supply Side and Demand Side Indicators 6. Global Railway Platform Security Market Analysis and Forecast, 2019-2027 6.1. Global Railway Platform Security Market Size & Y-o-Y Growth Analysis. 7. Global Railway Platform Security Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Component, 2019-2027 7.1.1. Solutions 7.1.2. Services 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 7.2.1. Subways 7.2.2. Trains 8. Global Railway Platform Security Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Railway Platform Security Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 9.1.1. Solutions 9.1.2. Services 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 9.2.1. Subways 9.2.2. Trains 10. North America Railway Platform Security Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Railway Platform Security Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 12. Canada Railway Platform Security Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 13. Mexico Railway Platform Security Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 14. Europe Railway Platform Security Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 15. Europe Railway Platform Security Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Railway Platform Security Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 17. France Railway Platform Security Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 18. Germany Railway Platform Security Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 19. Italy Railway Platform Security Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 20. Spain Railway Platform Security Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 21. Sweden Railway Platform Security Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 22. CIS Countries Railway Platform Security Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 23. Rest of Europe Railway Platform Security Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 24. Asia Pacific Railway Platform Security Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 25. Asia Pacific Railway Platform Security Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Railway Platform Security Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 27. India Railway Platform Security Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 28. Japan Railway Platform Security Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 29. South Korea Railway Platform Security Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 30. Australia Railway Platform Security Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 31. ASEAN Railway Platform Security Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 32. Rest of Asia Pacific Railway Platform Security Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 33. Middle East Africa Railway Platform Security Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 34. Middle East Africa Railway Platform Security Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Railway Platform Security Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 36. GCC Countries Railway Platform Security Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 37. Egypt Railway Platform Security Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 38. Nigeria Railway Platform Security Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 39. Rest of ME&A Railway Platform Security Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 40. South America Railway Platform Security Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 41. South America Railway Platform Security Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Railway Platform Security Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 43. Argentina Railway Platform Security Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 44. Rest of South America Railway Platform Security Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Component , 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Railway Platform Security Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Talent (UK) 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Indra Sistemas (Spain) 45.5. Honeywell (US) 45.6. Huawei (China) 45.7. Atos (France) 45.8. Bosch (Germany) 45.9. FLIR Systems (US) 45.10. Talent (UK) 45.11. Axis Communications (Sweden) 45.12. Zhejiang Dahua (US) 45.13. STANLEY (US) 45.14. Hikvision (China) 45.15. Wabtec (US) 45.16. Mitsubishi Electric (Japan) 45.17. L&T Technology Services (India) 45.18. Genetec (Canada) 45.19. Nabtesco (Japan) 45.20. Knorr-Bremse (Germany) 45.21. Senstar (Canada) 45.22. Anixter (US) 45.23. Avnet (US) Primary Key Insights