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Railway Platform Security Market Growing at a CAGR 5.9% | Key Player Honeywell, Indra Sistemas, Huawei, Bosch, ATOS

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Railway Platform Security Market Growing at a CAGR 5.9% | Key Player Honeywell, Indra Sistemas, Huawei, Bosch, ATOS

Railway Platform Security Market Growing at a CAGR 5.9% | Key Player Honeywell, Indra Sistemas, Huawei, Bosch, ATOS

Honeywell (US), Indra Sistemas (Spain), Huawei (China), Bosch (Germany), Atos (France), FLIR Systems (US), Axis Communications (Sweden), telent (UK), Zhejiang Dahua (US), Hikvision (China), STANLEY (US), Wabtec (US), L&T Technology Services (India), Mitsubishi Electric (Japan), Genetec (Canada), Knorr-Bremse (Germany), Nabtesco (Japan),
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

MarketsandMarkets projects 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. Major factors expected to drive the growth of the railway platform security market include the increasing suicide instances, growing need to minimize the risk of unauthorized access to platforms, and increasing demand for additional support and advanced solutions for security management.

Among components, the services segment to record a higher growth rate during the forecast period

The demand for platform security services is driven by the growing need to improve decision-making and organizational efficiency. The success of platform security systems depends on how well a solution is implemented as well as the use of collaboration tools in the daily work of employees across organizations. Platform security service providers have to ensure the collaboration strategy is tailored as per the specific business objectives of platform infrastructure to utilize the benefits of platform security solutions.

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Under solutions, the platform edge doors/platform screen doors segment to grow at the highest growth rate  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 PEDs, as it does not form a complete division between platform and track. 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.

Key and emerging market players 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). These players have adopted various strategies to grow in the railway platform security market.

Huawei is a leading player in providing railway security solutions. The company focuses on providing solutions that can be integrated with advanced technologies to ensure the safety of rail passengers. Huawei’s Railway Security solution provides management personnel with visualized information, helping them deliver good service to passengers. The solution supports simplified management and operations, and offers image-based evidence for handling passenger disputes and accidents. Even in emergency scenarios, the solution helps management personnel obtain real-time information to review and assist decision-makers in effectively organizing their recovery response. In June 2019, Huawei with its partner launched the LTE-R solution for next-generation rail wireless communications named The Global System for Mobile Communications – Railway (GSM-R). The solution’s advanced features include multiple trunking services, such as Mission Critical Push-to-Talk (MCPTT) voice, video, and data. It leverages the benefits of the LTE-R network for train control, train dispatching, Passenger Information System (PIS), CCTVs, and other rail services.

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Bosch offers a plethora of safety, security, and communication products and systems to industries, such as retail, airports, railway and metros, public building, manufacturing, banking, energy and utility, hospitality, healthcare, and education. The company successfully meets customer demands and excels in delighting customers. For example, in March 2018, Bosch proved its solution to Helsinki Metro, Finland. The metro station was extended to 14kms with 8 more stops. The company installed and integrated 5,580 new loudspeakers in 12 colors and 14 different speaker designs to enhance the interiors of the metro station. It provides end-to-end solutions with Bosch Security and Safety Systems, such as fire detection system, intrusion detection system, video surveillance, and access control. The Bosch Integration Partner Program provides support and services for the integration of key technologies with Bosch’s system components to third parties. The Integration Partner Program offers compelling services, which help third parties differentiate and enhance selling proposition.

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