Dublin, Dec. 12, 2019 (GLOBE NEWSWIRE) -- The "Railway Platform Security Market by Sensors (Radar, Microwave, & Infrared), Video Surveillance Systems (Camera, Video Management & Video Analytics), Alarm Systems & PSDs, Services, Applications (Subway & Trains) and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global railway platform security market size to grow from USD 1.7 billion in 2019 to USD 2.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period.
Growing need to minimize the risk of unauthorized access to platforms
The security of railway passengers is interlinked with the security and safety of railway assets, such as railway platforms and trains. Minimizing unauthorized access with the help of control systems ensures a high level of security of passengers and goods at the platform. Various measures are implemented to restrict unauthorized access. These measures include fencing for railway tracks, installation of CCTVs at high-risk locations, the provision of information to risk groups, and the intensification of supervision.
Access control systems play an important role in preventing unauthorized access, as these systems automate entry and exit operations, and secure crucial areas. Moreover, the entry of unauthorized persons and a large number of visitors lead to unmanageable crowds on railway platforms, and the existence of unmanned multi-entry and exit points at stations causes security threats; hence, all these factors boost the need to minimize the risk of unauthorized access to platforms.
Among solutions, the platform edge doors/platform screen doors segment to grow at the highest CAGR during the forecast period
The term Platform Screen Doors (PSDs) is used to describe the provision of full height door systems, such as additional panels, to provide a complete seal between the platform and the track area of a station. These systems are normally required where climate control is the primary purpose, but they also provide a safety improvement as an additional benefit. Another type of system is named Platform Edge Doors (PEDs) as it does not form a complete division between platforms and tracks. Rather, the PED design forms a full or half height barrier along the platform edge but does not provide the air seal required for full climate control.
Under services, the professional services segment to hold a larger market size during the forecast period
The services offered by professionals, specialists, or experts to support businesses are known as professional services. These services include implementation and integration, and support and maintenance. Professionals use the latest techniques, comprehensive strategies, and skills to ensure the adoption of the right kind of security solutions required for railway platforms. They also offer assistance during the deployment of security solutions using industry-defined best practices.
Asia Pacific to be the fastest-growing region
Asia Pacific (APAC) is expected to be the fastest-growing region in the railway platform security market, due to the increasing adoption of advanced technologies, rising investments for digital transformation, and increasing GDP of APAC countries. A majority of the potential APAC economies such as Australia, Singapore, China, Korea, Hong Kong, and India are rapidly investing in technological transformation. According to Business Line's latest estimates, 30% of the global rail investment is localized in APAC. According to data published on the website of United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in 2019, the length of Trans-Asian Railway network comprises 117,500 km of railway lines serving 28-member countries.
Competitive Landscape
The major vendors in the railway platform security market include Honeywell (US), Indra Sistemas (Spain), Huawei (China), Bosch (Germany), Atos (France), FLIR Systems (US) Axis Communications (US), telent (UK), Dahua Technology (China), Hikvision (China), STANLEY Access Technology (US), Wabtec (US), L&T Technology Services (India), Mitsubishi Electric (Japan), Genetec (Canada), Knorr-Bremse (Germany), Nabtesco (Japan), Senstar (Canada), Avnet (US), and Anixter (US). The study included an in-depth competitive analysis of these key players with their company profiles, recent developments, and key growth strategies adopted by them.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Railway Platform Security Market
4.2 Market By Component, 2019
4.3 Market By Solution, 2017-2024
4.4 Market By Service, 2019 vs. 2024
4.5 Market Investment Scenario
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Need to Minimize the Risk of Unauthorized Access to Platforms
5.2.1.2 Rising Need for Enhanced Staff Security for Public and Passenger Safety
5.2.1.3 Increasing Need for Additional Support and Advanced Solutions for Security Management
5.2.1.4 Growing Need for Platform Security Due to the Increasing Instances of Suicides
5.2.2 Restraints
5.2.2.1 Heavy Infrastructure Investments Required for Platform Security
5.2.3 Opportunities
5.2.3.1 Smart City Initiatives Boost Platform Security
5.2.3.2 Growing Public-Private Partnership Investment for Enhanced Platform Security
5.2.3.3 Requirement of Object Identification Through Artificial Intelligence
5.2.4 Challenges
5.2.4.1 Growing Privacy and Security Concerns Leading to Numerous Threats to Platform Security
5.2.4.2 Rising Cases of False Alarms
5.3 Impact of Disruptive Technologies
5.3.1 Artificial Intelligence
5.3.2 Internet of Things
5.4 Connected Markets
5.4.1 Physical Security Market
5.4.2 Perimeter Intrusion Detection System Market
5.5 Emerging Safety Practices
5.5.1 Platform Screen Doors
5.5.2 Blue LED Lights and Mirrors
6 Railway Platform Security Market By Component
6.1 Introduction
6.2 Solutions
6.2.1 Sensors
6.2.1.1 Microwave Sensors
6.2.1.2 Infrared Sensors
6.2.1.3 Fiber Optic Sensors
6.2.1.4 Radar Sensors
6.2.1.5 Other Sensors
6.2.2 Video Surveillance Systems
6.2.2.1 Software
6.2.2.1.1 Intelligent Video Analytics
6.2.2.1.2 Video Management Software
6.2.2.2 Hardware
6.2.2.2.1 Camera
6.2.2.2.1.1 Analog Camera
6.2.2.2.1.2 IP Camera
6.2.2.2.2 Storage Device
6.2.3 Platform Edge Doors/Platform Screen Doors
6.2.4 Alert/Alarm Systems
6.3 Services
6.3.1 Professional Services
6.3.1.1 System Integration and Deployment
6.3.1.2 Support and Maintenance
6.3.2 Managed Services
7 Market By Application
7.1 Introduction
7.2 Subways
7.3 Trains
8 Railway Platform Security Market, By Region
8.1 Introduction
8.2 North America
8.2.1 United States
8.2.2 Canada
8.3 Europe
8.3.1 United Kingdom
8.3.2 Spain
8.3.3 Germany
8.3.4 Rest of Europe
8.4 Asia-Pacific
8.4.1 India
8.4.2 China
8.4.3 Japan
8.4.4 Rest of Asia-Pacific
8.5 Rest of the World
8.5.1 Middle East and Africa
8.5.2 Latin America
9 Competitive Landscape
9.1 Introduction
9.2 Competitive Scenario
9.2.1 Partnerships
9.2.2 New Product Launches
9.2.3 Acquisitions
9.2.4 Business Expansions
10 Company Profiles
10.1 Introduction
10.2 Honeywell
10.3 Indra Sistemas
10.4 Huawei
10.5 Bosch
10.6 Atos
10.7 FLIR Systems
10.8 Axis Communications
10.9 Telent
10.10 Dahua Technology
10.11 Hikvision
10.12 STANLEY Access Technology
10.13 Wabtec Corporation
10.14 L&T Technology Services
10.15 Mitsubishi Electric
10.16 Genetec
10.17 Knorr-Bremse
10.18 Nabtesco
10.19 Senstar
10.20 Avnet
10.21 Anixter
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