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The global rail security systems market is expected to grow significantly over the forecast period. Railways are the primary mode of transportation in developed and developing countries due to their reliability, capacity, and speed. Rail companies depend on efficient and reliable rail infrastructure to carry out their daily operation smoothly and efficiently. The rapid advancement in the railway sector has increased railway traffic and accidents. To ensure the smooth functioning of railways and minimize accidents, rail operators are increasingly deploying security systems. Rail security systems are essential in managing passengers’ data, goods, railway platforms, and others.
The installation of rail security systems on train platforms has become essential to protect passengers, railway operators, employees, monitoring rails and their parts, and subway stations. Moreover, such systems help identify the unsafe environment for passengers & employees, monitor passenger conditions, identify unsafe rail conditions, and monitor all activities at stations and on platforms. Railway operators are undertaking several measures to ensure the higher safety of passengers. Security cameras are being installed to deter vandalism, theft, intrusion, terrorism, and cyber-attacks. For instance, in January 2022, stations at Belper, Alsager, Willington, and Matlock Bath announced spending USD 116,525 on new cameras to detect antisocial behavior.
Increasing rail security threats in recent time is surging the demand for rail security systems. Additionally, a shortage of police personnel in rail stations and platforms further bolstered the adoption of rail security systems. For instance, in October 2021, Greater Anglia, a train operating company, installed a new CCTV to deter vandalism, theft, and keep passengers safe. The CCTV camera is designed to provide high-definition footage, which can be stored for a month, offer better coverage of railway platforms & waiting areas, as well as provide insights into operational incidents and delays. Over 2,000 CCTV cameras at Greater Anglia Stations and more than 3,000 cameras are installed on trains.
Rapid technological advancement has developed various computer vision methods in security systems to ensure public safety at railway platforms and stations. These systems are based on multiple sensors designed to monitor people, detect static objects, and prevent potential threats. The development of digital technology for sensors, sensing, big data, AI, and ML, combined with advancing communication and cloud technologies, has the potential to accelerate the rail security systems market growth. Modern 3D surveillance systems are widely used at train depots and tunnel entries to protect rail assets, restore services faster when an incident breaks out, minimize unforeseen rail disruptions, and improve customer satisfaction.
The COVID-19 pandemic brought the entire mobility industry to a standstill, disrupting the production and sale of security system in the first half of 2020. Nationwide lockdown, self-isolation, and travel restrictions reduced the demand for railway security systems. Manufacturers, including Thales, Bosch, Atos, L&T Technology Services, and others witnessed a fall in their revenues, owing to shortage of workforce and semiconductors, disruption in supply chain & logistics, and halt in R&D activities. For instance, Thales’ operating profit fell by 33% as revenue fell 7.7% during COVID-19. However, the market is anticipated to witness a significant growth in the coming years as rail operators are highly emphasizing on safety & security of rail assets and passengers.
The report will cover the following key insights:
The camera segment held the highest rail security systems market share. The increasing installment of cameras at platform, subways, and trains to strengthen security & safety level is propelling the segment growth. For instance, in 2019, the Association of American Railroads installed more than 20,000 cameras in stations. Similarly, in 2022, the Indian Railway announced to equip 56 railway stations with high resolution CCTV cameras. Hence, the growing installation of cameras to reduce the likelihood of crimes and ensure safe means of transportation will drive the segment growth.
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Asia Pacific is expected to register a high CAGR over the forecast period. The growing number of rail commuters has given rise to criminal activities such as robberies, thefts, and vandalism, which heightened the usage of security system cameras at platforms. Moreover, higher emphasis by governments on modernizing railways will boost the regional growth. For instance, in December 2021, the Japan government made it compulsory for rail operators to install security cameras in bullet trains. Such trends are anticipated to bode well for market growth in the Asia Pacific region.
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