Smart Railway Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The Smart Railway Market is valued at USD 155.8 billion in 2020 and is expected to reach USD 36.58 billion by 2026 and grow at a CAGR of 15% over the forecast period (2021-2027). Global trends such as digitization, connectivity, sustainability, energy savings and IoT integration have led to the emergence of smart rail systems. The global population is expected to reach 9.8 billion by 2050, of which 75% will live in cities. Hence, it has become essential for public institutions to ensure that the transport sector is aligned to meet the growing connectivity requirements.

Smart Railway Market Segments:

By System

• Passenger Information System
• Rail & Freight Operations Management System
• Smart Safety & Security Monitoring System
• Rail communication & Networking System
• Smart Ticketing System
• Rail Analytics System
• Others 

By Offering Type

• Solutions
• Components & Devices
• Services

Key Players

• Alstom
• BOMBARDIER INC.
• ABB Ltd
• Siemens AG
• Cisco Systems, Inc.
• Huawei Technologies Co., Ltd.
• IBM
• Indra Sistemas, S.A.
• Hitachi, Ltd.
• Aitek S.P.A.

Reasons to Buying From us –

• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.

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 Smart Railway Market Report

• What was the Smart Railway Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Smart Railway 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 Smart Railway 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.