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Railway Management System Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 143
  • SKU: IRTNTR45695
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The predicted growth for the railway management system market share from 2021 to 2026 is USD 21.19 billion at a progressing CAGR of 8.45%.

This railway management system market forecast report extensively covers segmentations by:

  • Product - Control system and information system 
  • Geography - APAC, Europe, North America, Middle East and Africa, and South America.

The railway management system market report offers information on several market vendors, including ABB Ltd., ALSTOM SA, Belden Inc., Cisco Systems Inc., DXC Technology Co., EKE Group, EUROTECH Spa, Frequentis AG, GAO Group Inc., General Electric Co., Hitachi Ltd., Huawei technologies Co. Ltd., Indra Sistemas SA, International Business Machines Corp., Nokia Corp., Siemens AG, Thales Group, Toshiba Corp., Trimble Inc., and Wabtec Corp. among others. Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

What will the Railway Management System Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Railway Management System Market Size for the Forecast Period and Other Important Statistics

 

Railway Management System Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The expansion of urban mass transit railway infrastructure is notably driving the railway management system market growth, although factors such as the high cost of adoption may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the railway management system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Railway Management System Market Driver

The expansion of urban mass transit railway infrastructure is one of the key drivers supporting the railway management system market growth. Urban rail transit systems are basically the short-length passenger rail systems that are used for transportation within urban or suburban regions. For instance, metro rail is considered to be one of the most convenient modes of urban transportation for mass transit. The demand for urban mass transit railway systems has increased to ease congestion with the growing urbanization. For example, the Mass Rapid Transit Authority of Thailand is working on the construction of the Orange Line, which comprises 5.59 miles (approx.) of elevated structures with seven stations and 19 miles of underground structure with 23 stations. The project is expected to be completed by 2023. Therefore, the demand for railway management systems is expected to grow with several new future urban mass transit railway projects being lined.

Key Railway Management System Market Trend

The rise in the use of automation and IoT in railways is one of the key railway management system market trends fueling market growth. Railway networks are now becoming smart with numerous sources from which data can be generated. For instance, onboard control and monitoring systems turn trains into integrated communication hubs, which can transfer data to network control centers for sharing relevant data. This data can further be used to reduce sudden downtime and improve business planning based on actual and real-time data. They can also generate energy and cost savings by controlling energy consumption and reducing maintenance costs by avoiding a sudden failure of machines. Hence, the use of automation and IoT will fuel the global railway management system market growth during the forecast period.

Key Railway Management System Market Challenge

The high cost of adoption is one of the challenges limiting the railway management system market growth. Railways are primarily managed by government-owned enterprises and often run on losses, as the huge infrastructure of railways requires government intervention and the focus is on the establishment of an efficient transportation network. This implies that any new project involving high expenditure needs to be carefully evaluated. On the other hand, railway infrastructure is characterized by huge cash inflows while the payback period is significantly high. In countries with severe budget issues, migrating to advanced railway systems through railway management systems is not feasible. Political and economic issues can also devoid new projects with the budget to carry out the deployment of railway management systems. Therefore, the high cost of adoption of railway management systems will continue to be a major challenge for the market growth.

This railway management system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global railway management system market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the railway management system market during the forecast period.

Who are the Major Railway Management System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • ALSTOM SA
  • Belden Inc.
  • Cisco Systems Inc.
  • DXC Technology Co.
  • EKE Group
  • EUROTECH Spa
  • Frequentis AG
  • GAO Group Inc.
  • General Electric Co.
  • Hitachi Ltd.
  • Huawei technologies Co. Ltd.
  • Indra Sistemas SA
  • International Business Machines Corp.
  • Nokia Corp.
  • Siemens AG
  • Thales Group
  • Toshiba Corp.
  • Trimble Inc.
  • Wabtec Corp.

 

This statistical study of the railway management system market encompasses successful business strategies deployed by the key vendors. The railway management system market is fragmented and the vendors are deploying growth strategies such as price, quality, reputation, brand identity, and distribution to compete in the market.

Product Insights and News

  • New.abb.com - The company offers railway management systems such as traction systems, passenger stations, and digital solutions.
  • Alstom.com - The company offers railway management systems such as signaling solutions.
  • Dxc.com - The company offers railway management systems services under analytics and engineering.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The railway management system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Railway Management System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the railway management system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Railway Management System Market?

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42% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the railway management system market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The modernization of the existing national railway networks and the construction of new urban railway transit networks will facilitate the railway management system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 had adversely impacted the growth of the market in focus in the region. However, with the relaxation of lockdown norms, railway freight revenues increased significantly in the region during the second half of 2020. Such initiatives are expected to support the growth of the railway management system market in the region during the forecast period.

What are the Revenue-generating Product Segments in the Railway Management System Market?

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The railway management system market share growth by the control system segment will be significant during the forecast period. The control system segment comprises the software used for the traffic management system, train control and monitoring system, programmable logic controller (PLC), and others. This segment holds the highest share and is also expected to register a faster growth rate than the information system segment. The need for safety and improved operational management of the railway network are the major drivers for the growth of the control system segment. These factors will drive the railway management system market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the railway management system market size and actionable market insights on post COVID-19 impact on each segment.

 

Railway Management System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.45%

Market growth 2022-2026

$ 21.19 billion

Market structure

Fragmented

YoY growth (%)

8.16

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key consumer countries

US, China, Japan, France, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., ALSTOM SA, Belden Inc., Cisco Systems Inc., DXC Technology Co., EKE Group, EUROTECH Spa, Frequentis AG, GAO Group Inc., General Electric Co., Hitachi Ltd., Huawei technologies Co. Ltd., Indra Sistemas SA, International Business Machines Corp., Nokia Corp., Siemens AG, Thales Group, Toshiba Corp., Trimble Inc., and Wabtec Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Railway Management System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive railway management system market growth during the next five years
  • Precise estimation of the railway management system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the railway management system industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of railway management system market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Control system - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Control system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Control system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Control system - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Control system - Year-over-year growth 2021-2026 (%)
    • 5.4 Information system - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Information system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Information system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Information system - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Information system - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 France - Market size and forecast 2021-2026
      • Exhibit 70: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Russia - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 89: ABB Ltd. - Overview
              • Exhibit 90: ABB Ltd. - Business segments
              • Exhibit 91: ABB Ltd. - Key news
              • Exhibit 92: ABB Ltd. - Key offerings
              • Exhibit 93: ABB Ltd. - Segment focus
            • 10.4 ALSTOM SA
              • Exhibit 94: ALSTOM SA - Overview
              • Exhibit 95: ALSTOM SA - Business segments
              • Exhibit 96: ALSTOM SA - Key news
              • Exhibit 97: ALSTOM SA - Key offerings
              • Exhibit 98: ALSTOM SA - Segment focus
            • 10.5 DXC Technology Co.
              • Exhibit 99: DXC Technology Co. - Overview
              • Exhibit 100: DXC Technology Co. - Business segments
              • Exhibit 101: DXC Technology Co. - Key news
              • Exhibit 102: DXC Technology Co. - Key offerings
              • Exhibit 103: DXC Technology Co. - Segment focus
            • 10.6 General Electric Co.
              • Exhibit 104: General Electric Co. - Overview
              • Exhibit 105: General Electric Co. - Business segments
              • Exhibit 106: General Electric Co. - Key news
              • Exhibit 107: General Electric Co. - Key offerings
              • Exhibit 108: General Electric Co. - Segment focus
            • 10.7 Hitachi Ltd.
              • Exhibit 109: Hitachi Ltd. - Overview
              • Exhibit 110: Hitachi Ltd. - Business segments
              • Exhibit 111: Hitachi Ltd. - Key news
              • Exhibit 112: Hitachi Ltd. - Key offerings
              • Exhibit 113: Hitachi Ltd. - Segment focus
            • 10.8 Indra Sistemas SA
              • Exhibit 114: Indra Sistemas SA - Overview
              • Exhibit 115: Indra Sistemas SA - Business segments
              • Exhibit 116: Indra Sistemas SA - Key offerings
              • Exhibit 117: Indra Sistemas SA - Segment focus
            • 10.9 International Business Machines Corp.
              • Exhibit 118: International Business Machines Corp. - Overview
              • Exhibit 119: International Business Machines Corp. - Business segments
              • Exhibit 120: International Business Machines Corp. - Key offerings
              • Exhibit 121: International Business Machines Corp. - Segment focus
            • 10.10 Siemens AG
              • Exhibit 122: Siemens AG - Overview
              • Exhibit 123: Siemens AG - Business segments
              • Exhibit 124: Siemens AG - Key news
              • Exhibit 125: Siemens AG - Key offerings
              • Exhibit 126: Siemens AG - Segment focus
            • 10.11 Thales Group
              • Exhibit 127: Thales Group - Overview
              • Exhibit 128: Thales Group - Business segments
              • Exhibit 129: Thales Group - Key offerings
              • Exhibit 130: Thales Group - Segment focus
            • 10.12 Toshiba Corp.
              • Exhibit 131: Toshiba Corp. - Overview
              • Exhibit 132: Toshiba Corp. - Business segments
              • Exhibit 133: Toshiba Corp. - Key news
              • Exhibit 134: Toshiba Corp. - Key offerings
              • Exhibit 135: Toshiba Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 136: Inclusions checklist
                • Exhibit 137: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 138: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 139: Research methodology
                • Exhibit 140: Validation techniques employed for market sizing
                • Exhibit 141: Information sources
              • 11.5 List of abbreviations
                • Exhibit 142: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              The railway management system market growth will increase by $21197.68 million during 2022-2026.
              The railway management system market is expected to grow at a CAGR of 8.45% during 2022-2026.
              Technavio has segmented the railway management system market by product (Control system and Information system) and geographic (APAC, Europe, North America, Middle East and Africa, and South America).
              ABB Ltd., ALSTOM SA, Belden Inc., Cisco Systems Inc., DXC Technology Co., EKE Group, EUROTECH Spa, Frequentis AG, GAO Group Inc., General Electric Co., Hitachi Ltd., Huawei technologies Co. Ltd., Indra Sistemas SA, International Business Machines Corp., Nokia Corp., Siemens AG, Thales Group, Toshiba Corp., Trimble Inc., Wabtec Corp. are a few of the key vendors in the railway management system market.
              APAC will register the highest growth rate of 41.91% among the other regions. Therefore, the railway management system market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the railway management system market growth are:
              • Expansion of urban mass transit railway infrastructure
              • Rise in use of automation and IoT in railways
              The railway management system market vendors should focus on grabbing business opportunities from the control system segment as it accounted for the largest market share in the base year.
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