The global smart railway market is anticipated to grow significantly at a CAGR of 4.5% over the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For an instance, in In November 2019, Alstom entered into a ten-year maintenance contract agreement with SBB, the Swiss national railway company. Under the contract, Alston will be maintaining SBB’s European Train Control System (ETCS), the signaling and control component of the European Rail Traffic Management System (ERTMS). In April 2019, IBM collaborated with Sund & Bælt to assist in IBM's development of an AI-powered IoT solution. It is designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways. The solution, IBM Maximo for Civil Infrastructure, adds up to the existing IBM Maximo portfolio while providing deep industry and task-specific functionality, to help organizations manage, monitor, and administer their infrastructure assets.
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Similarly, in February 2021, Infineon Technologies launched 40 nm SLC36/SLC37 security controller platforms with high-performance 32-bit ARM SecurCore SC300 dual-interface security chips. These crypto controller platforms provide better performance and flexibility for contactless payments, railway, and access applications. Further, in June 2020, NXP Semiconductors launched its MIFARE DESFire EV3 IC. It helps in next-generation performance, improved security, and an effortless combination of mobile services for a new era of security & connectivity in smart city services. The new IC offers quicker, safer transactions that are contactless like accessing offices or campuses, paying for parking, and utilizing other essential city services, all these are touch-free with new security features. In October 2020, Confidex launched two products focused on the automotive sector. The Heatwave family of UHF RFID tags provides efficient automated tracking of goods through the high-temperature phases of automotive products which include a flexible attachment for automotive paint shop processing at the same time, the Heatwave Tough exhibits an exceptional performance on metallic surfaces. Thus, the new launches and strategic partnerships, agreements, and collaboration are expected to drive the market during the forecast period.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- Siemens AG, Thales Group S.A., and Infineon Technologies AG, among others.
Key questions addressed by the report
oRecovery Timeline
oDeviation from the pre-COVID forecast
oMost affected region/segment
Global Smart Railway Market – Segmentation
By Solutions
Global Smart Railway Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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