Global Railway Platform Security Market is anticipated to reach US$ 2.99 Bn by 2029 from US$ 2.01 Bn in 2022 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 2029. Where 2022 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 2022 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 2022 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 2022. 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.Global Railway Platform Security Market Scope: Inquire before buying
Global Railway Platform Security Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2.01 Bn. Forecast Period 2023 to 2029 CAGR: 5.8% Market Size in 2029: US $ 2.99 Bn. Segments Covered: by Component Solutions Services by Application Subways Trains Global Railway Platform Security Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Railway Platform Security Market Key Players
1. Indra Sistemas (Spain) 2. Honeywell (US) 3. Huawei (China) 4. Atos (France) 5. Bosch (Germany) 6. FLIR Systems (US) 7. Talent (UK) 8. Axis Communications (Sweden) 9. Zhejiang Dahua (US) 10.STANLEY (US) 11.Hikvision (China) 12.Wabtec (US) 13.Mitsubishi Electric (Japan) 14.L&T Technology Services (India) 15.Genetec (Canada) 16.Nabtesco (Japan) 17.Knorr-Bremse (Germany) 18.Senstar (Canada) 19.Anixter (US) 20.Avnet (US) 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 2022 and is projected to reach USD 2.99 Billion by 2029, 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)
1. Railway Platform Security Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Railway Platform Security Market: Dynamics 2.1. Railway Platform Security Market Trends by Region 2.1.1. North America Railway Platform Security Market Trends 2.1.2. Europe Railway Platform Security Market Trends 2.1.3. Asia Pacific Railway Platform Security Market Trends 2.1.4. Middle East and Africa Railway Platform Security Market Trends 2.1.5. South America Railway Platform Security Market Trends 2.2. Railway Platform Security Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Railway Platform Security Market Drivers 2.2.1.2. North America Railway Platform Security Market Restraints 2.2.1.3. North America Railway Platform Security Market Opportunities 2.2.1.4. North America Railway Platform Security Market Challenges 2.2.2. Europe 2.2.2.1. Europe Railway Platform Security Market Drivers 2.2.2.2. Europe Railway Platform Security Market Restraints 2.2.2.3. Europe Railway Platform Security Market Opportunities 2.2.2.4. Europe Railway Platform Security Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Railway Platform Security Market Drivers 2.2.3.2. Asia Pacific Railway Platform Security Market Restraints 2.2.3.3. Asia Pacific Railway Platform Security Market Opportunities 2.2.3.4. Asia Pacific Railway Platform Security Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Railway Platform Security Market Drivers 2.2.4.2. Middle East and Africa Railway Platform Security Market Restraints 2.2.4.3. Middle East and Africa Railway Platform Security Market Opportunities 2.2.4.4. Middle East and Africa Railway Platform Security Market Challenges 2.2.5. South America 2.2.5.1. South America Railway Platform Security Market Drivers 2.2.5.2. South America Railway Platform Security Market Restraints 2.2.5.3. South America Railway Platform Security Market Opportunities 2.2.5.4. South America Railway Platform Security Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Railway Platform Security Industry 2.8. Analysis of Government Schemes and Initiatives For Railway Platform Security Industry 2.9. Railway Platform Security Market Trade Analysis 2.10. The Global Pandemic Impact on Railway Platform Security Market 3. Railway Platform Security Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Railway Platform Security Market Size and Forecast, by Component (2022-2029) 3.1.1. Solutions 3.1.2. Services 3.2. Railway Platform Security Market Size and Forecast, by Application (2022-2029) 3.2.1. Subways 3.2.2. Trains 3.3. Railway Platform Security Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Railway Platform Security Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Railway Platform Security Market Size and Forecast, by Component (2022-2029) 4.1.1. Solutions 4.1.2. Services</em 4.2. North America Railway Platform Security Market Size and Forecast, by Application (2022-2029) 4.2.1. Subways 4.2.2. Trains 4.3. North America Railway Platform Security Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Railway Platform Security Market Size and Forecast, by Component (2022-2029) 4.3.1.1.1. Solutions 4.3.1.1.2. Services 4.3.1.2. United States Railway Platform Security Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Subways 4.3.1.2.2. Trains 4.3.2. Canada 4.3.2.1. Canada Railway Platform Security Market Size and Forecast, by Component (2022-2029) 4.3.2.1.1. Solutions 4.3.2.1.2. Services 4.3.2.2. Canada Railway Platform Security Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Subways 4.3.2.2.2. Trains 4.3.3. Mexico 4.3.3.1. Mexico Railway Platform Security Market Size and Forecast, by Component (2022-2029) 4.3.3.1.1. Solutions 4.3.3.1.2. Services 4.3.3.2. Mexico Railway Platform Security Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Subways 4.3.3.2.2. Trains 5. Europe Railway Platform Security Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.2. Europe Railway Platform Security Market Size and Forecast, by Application (2022-2029) 5.3. Europe Railway Platform Security Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.3.1.2. United Kingdom Railway Platform Security Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.3.2.2. France Railway Platform Security Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.3.3.2. Germany Railway Platform Security Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.3.4.2. Italy Railway Platform Security Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.3.5.2. Spain Railway Platform Security Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.3.6.2. Sweden Railway Platform Security Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.3.7.2. Austria Railway Platform Security Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Railway Platform Security Market Size and Forecast, by Component (2022-2029) 5.3.8.2. Rest of Europe Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Railway Platform Security Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.2. Asia Pacific Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Railway Platform Security Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.1.2. China Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.2.2. S Korea Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.3.2. Japan Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.4.2. India Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.5.2. Australia Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.6.2. Indonesia Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.7.2. Malaysia Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.8.2. Vietnam Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.9.2. Taiwan Railway Platform Security Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Railway Platform Security Market Size and Forecast, by Component (2022-2029) 6.3.10.2. Rest of Asia Pacific Railway Platform Security Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Railway Platform Security Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Railway Platform Security Market Size and Forecast, by Component (2022-2029) 7.2. Middle East and Africa Railway Platform Security Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Railway Platform Security Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Railway Platform Security Market Size and Forecast, by Component (2022-2029) 7.3.1.2. South Africa Railway Platform Security Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Railway Platform Security Market Size and Forecast, by Component (2022-2029) 7.3.2.2. GCC Railway Platform Security Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Railway Platform Security Market Size and Forecast, by Component (2022-2029) 7.3.3.2. Nigeria Railway Platform Security Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Railway Platform Security Market Size and Forecast, by Component (2022-2029) 7.3.4.2. Rest of ME&A Railway Platform Security Market Size and Forecast, by Application (2022-2029) 8. South America Railway Platform Security Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Railway Platform Security Market Size and Forecast, by Component (2022-2029) 8.2. South America Railway Platform Security Market Size and Forecast, by Application (2022-2029) 8.3. South America Railway Platform Security Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Railway Platform Security Market Size and Forecast, by Component (2022-2029) 8.3.1.2. Brazil Railway Platform Security Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Railway Platform Security Market Size and Forecast, by Component (2022-2029) 8.3.2.2. Argentina Railway Platform Security Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Railway Platform Security Market Size and Forecast, by Component (2022-2029) 8.3.3.2. Rest Of South America Railway Platform Security Market Size and Forecast, by Application (2022-2029) 9. Global Railway Platform Security Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Railway Platform Security Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Indra Sistemas (Spain) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Honeywell (US) 10.3. Huawei (China) 10.4. Atos (France) 10.5. Bosch (Germany) 10.6. FLIR Systems (US) 10.7. Talent (UK) 10.8. Axis Communications (Sweden) 10.9. Zhejiang Dahua (US) 10.10. STANLEY (US) 10.11. Hikvision (China) 10.12. Wabtec (US) 10.13. Mitsubishi Electric (Japan) 10.14. L&T Technology Services (India) 10.15. Genetec (Canada) 10.16. Nabtesco (Japan) 10.17. Knorr-Bremse (Germany) 10.18. Senstar (Canada) 10.19. Anixter (US) 10.20. Avnet (US) 11. Key Findings 12. Industry Recommendations 13. Railway Platform Security Market: Research Methodology 14. Terms and Glossary