Increased need to reduce the risk of unlawful platform access along with an increased requirement for stronger staff security for public and passenger safety and an increase in the number of accidents is driving the market and is expected to grow exponentially
Covid-19 Impact & Market Status
The COVID-19 epidemic had a substantial impact on the railway platform security industry, resulting in large revenue losses. Installations and deployments were delayed, and technology vendors encountered numerous challenges, including procuring raw materials and components, luring people from quarantines required to construct these systems, and delivering end products. Because of the extraordinary lockdown and economic slowdown, general travel activity has been substantially decreased.
Despite these problems, the railway platform security market has gained several new traffic streams as a result of dedicated government efforts to provide oxygen and medical supplies, as well as new commodities like food. The installation of sanitization kiosks at train platforms as part of reconstruction activities will propel market expansion even further.
Platform edge doors segment to grow at the highest CAGR during the forecast period
The use of full door systems, such as additional panels, to provide a complete seal between a station's platform and track area is referred to as PSDs (Platform Screen Doors). These systems are typically necessary if climate control is the primary goal, but they also improve safety as an added benefit. Platform Edge Doors (PEDs) are another sort of system that does not completely separate platforms and tracks.
Managed services segment to show the highest growth during the forecast period
Professional services and managed services are the two types of railway station security services available. Managed service vendors are third-party IT service providers who backup and recover business-critical data by remotely managing their clients' IT infrastructure and systems. Managed Service Providers (MSPs) provide cutting-edge technology to their commercial clients in order to provide best-in-class services. Because MSPs have trained people resources, infrastructure, and industry certifications, enterprises choose them to overcome the obstacles of budget limits and technical knowledge. Managed services are intended to provide round-the-clock technical support, maximize overall performance, and save costs.
APAC to Sweep the Largest Revenue Streams Followed by North America
During the projection period, APAC is expected to have the highest market share and development potential. This surge may be attributed to China's quick deployment of surveillance solutions and Platform Screen Doors (PSDs), as well as high-speed rail, smart transportation, and railway renovation projects in the majority of APAC nations.
North America dominates the railway platform security industry. The majority of the market share can be attributed to favorable government legislation for public safety and collision avoidance systems. Factors such as the presence of significant industry players and well-established development centres help to drive market growth. The railway platform security market is rising due to a growing adoption of new technologies and substantial investments in technological transformation in this area.
Significant developments in sensor technology and passenger safety solutions is driving the market of Railway safety and security monitoring system
Every year, the railway transports tonnes of merchandise and thousands of passengers. To successfully fulfill the expanding demand, rail firms rely on the efficient and dependable functioning of rail infrastructure. Railways must provide a high level of safety and security for both passengers and commodities in order to run smoothly. Furthermore, the railway safety and security monitoring system is critical in controlling all railway platforms, passenger data, train security, and other aspects. Using monitoring systems to reduce unauthorized access ensures a high level of security for both passengers and goods. Several measures were implemented to limit unauthorized access, including the installation of CCTV cameras in platforms and railway coaches, increased supervision, improved cyber security, and others. Furthermore, unauthorized guests and a huge number of tourists create unmanageable crowds on railway stations. Stations with unmanned multi-entry and exit points may be vulnerable to security threats. As a result, it is critical to reducing the danger of illegal access to the platforms. Increased need to reduce the risk of unlawful platform access, increased requirement for stronger staff security for public and passenger safety, and an increase in the number of accidents are likely to drive market expansion.
Railways are currently deploying CCTV to monitor level crossings, passengers, stations, and other areas. However, the biggest problem with CCTV is the need for continual monitoring of the feed to detect safety irregularities. Furthermore, human operators can acquire video blindness and fail to see situations that are being recorded by cameras. As a result, combining AI and IoT sensors with CCTV will improve safety. For example, at a level crossing, the software can be trained so that when the gates close on the arrival of a train, the sensors detect if the tracks are empty, and if not, an alert is sent to the human operator to review the footage. The operator checks the erroneous video material and, if required, takes action.
An increase in cyber threats, an increase in the use of artificial intelligence (AI) and the internet of things (IoT) in railway security, an increase in public-private partnership investment to improve security, and an increase in R&D to provide better safety and security can all serve as opportunities for market growth. Professional services and managed services are the two types of railway station security services available. Managed service vendors are third-party IT service providers who backup and restore business-critical data by remotely managing their clients' IT infrastructure and systems. Managed Service Providers (MSPs) provide cutting-edge technology to their commercial clients in order to provide best-in-class services. Because MSPs have trained people resources, infrastructure, and industry certifications, enterprises choose them to overcome the obstacles of budget limits and technical knowledge. Managed services are designed to provide maximize overall performance, round-the-clock technical support, and achieve cost optimization.
The global railway platform security market is expected to grow from USD 1.7 billion in 2018 to USD 2.3 billion by 2028, at a CAGR of 5.9 percent during the forecast period. An increase in suicides, a greater need to limit the danger of unlawful access to platforms, and a higher need for extra assistance and advanced security management systems are all driving the growth of the railway platform security market. Railway assets, such as stations and trains, are integrally tied to railway passengers' security and safety. Using control mechanisms to reduce unwanted access ensures a high level of security for passengers and products on the platform. Various safeguards are in place to prevent illegal access. These measures include railway track barriers, the installation of CCTV cameras in high-risk areas, the distribution of information to risk groups, and increased supervision.
Some of the market's significant players include Honeywell (US), Indra Sistemas (Spain), Huawei (China), Atos (France), Bosch (Germany), FLIR Systems (US), telent (UK), Axis Communications (Sweden), Nabtesco (Japan), Senstar (Canada), Zhejiang Dahua (US), STANLEY (US), Wabtec (US), Hikvision (China), L&T Technology Services (India), Genetec (Canada), Mitsubishi Electric (Japan), Knorr-Bremse (Germany), Avnet (US), and Anixter (US)
The market is growing because to the rising adoption of sophisticated collision avoidance systems, which are considered vital in ensuring passenger and public safety. ITS (Intelligent transportation systems) use communication and information technology to deliver high-quality transportation services including traffic management. These systems also aid in the improvement of operational efficiency, railway safety, and the long-term viability of transportation networks by reducing traffic congestion. Growing railway platform security use and favourable government legislation boost market growth.
Latest Innovation in the Global Safety and Security Monitoring System Market: A snapshot
- Honeywell released new software in September 2019 that simplifies, enhances, and expands cybersecurity for asset-intensive organisations and critical infrastructure facing cyber threats. The new programme securely transfers data from one location to another, leverages operational data to improve endpoint and network security, and boosts cybersecurity compliance.
- In November 2018, Hikvision upgraded the versions of its thermal deep learning bullet cameras, which offer several extended perimeter defence features as well as improved fire detection technologies.
- In September 2018, the Brazilian Urban Trains Company (CBTU) initiated a new phase of surveillance operations by purchasing 1,380 high-resolution cameras from Dahua Technology to implement the surveillance system for the Pernambuco subway in Brazil.
Railway Safety and Security Monitoring System Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 2.3 billion|
|Growth Rate||CAGR of 5.9% during 2021-2028|
|Segment Covered||Sensors, Video Surverllance Systems, Application, Software, Hardware, Services, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Honeywell (US), Indra Sistemas (Spain), Huawei (China), Atos (France), Bosch (Germany), FLIR Systems (US), telent (UK), Axis Communications (Sweden), Nabtesco (Japan), Senstar (Canada), Zhejiang Dahua (US), STANLEY (US), Wabtec (US), Hikvision (China), L&T Technology Services (India), Genetec (Canada), Mitsubishi Electric (Japan), Knorr-Bremse (Germany), Avnet (US), and Anixter (US)|
Key Segments of the Global Safety and Security Monitoring System Market
Sensors Overview, 2018-2028 (USD Billion)
Video Surverllance Systems Overview, 2018-2028 (USD Billion)
- Video Management
- Video Analytics
Application Overview 2018-2028 (USD Billion)
Software Overview 2018-2028 (USD Billion)
- Intelligent Video Analytics Software
- Video Management Software
Hardware Overview 2018-2028 (USD Billion)
- Storage Devices
Services Overview 2018-2028 (USD Billion)
- Professional Services
- Managed Services
Regional Overview, 2018-2028 (USD Billion)
- North America
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- Rest of the Middle East & Africa