Railway Station Passenger Security Market

The global railway passenger security market is expected to witness a steady growth, owing to increase in the terror attacks on public transport infrastructures in the future. Railway station passenger security includes various methods (RCMP, Pre-board screening, etc.) to protect railway passengers from several malicious harm, threats and other crimes. Several passenger security equipment are being installed in various railway stations across the globe. Such systems are helpful in monitor and scanning of passengers & their luggage. For instance, explosive & intrusion detectors are used to control threats of smuggling and drug trade. Such passenger security systems are also essential to avoid loss of assets & disruption of businesses. Railway station passenger security includes to protect railway stations & country from possible threatening events and assuring the safety of travelling passengers.

COVID-19 Scenario analysis:

• Due to COVID-19 situation, the supply chain of spare parts of railway passenger security systems has been hampered due to the declared lockdowns across the globe.
•  Due to COVID-19, lockdown of railway stations across worldwide & halt of all activities inside railway stations have lessen the opportunities for railway passenger security industries and their business development potential has been negatively impacted.
• Considerable rise in demand in the railway station passenger security market is expected in near future as world is moving toward normalcy and trains have been resumes in service.
• Revenues of railway are expected to decline in 2020 as compared to 2019 because of travel restrictions due to COVID-19 crisis. Such decline in railway station passenger security companies’ revenue may have direct impact on the global railway station passenger security market.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Rise in number of railway passengers, increasing suicide incidences, growing need to minimize the risk of unauthorized access to platforms, and technological advancements & availability of diverse security solutions are some of the major factors that drive the growth of railway station passenger security market. However, increase in cybersecurity risk, rising cases of false alarms may hinder the railway station passenger security market growth. On the contrary, smart city initiatives, increase in the use of video management software, and artificial intelligence may contribute further in the growth of global railway station passenger security market in the future.

Technological advancements & availability of diverse security solutions

Numerous countries are facing concerns regarding railway passengers who often carry illegal weapons. Thus, governments along with private companies are investing heavily for the development of advance security systems. At instance, according to Constructconnect (a software company, headquartered in Ohio USA) investments in upcoming USA railway projects for Texas, New Jersey, New York, and Baltimore is expected to be 43 billion USD. Moreover, several advancements in current security systems are also contributing in the growth of the market. For instance, in September 2019, Honeywell introduced a new software which strengthens the cybersecurity. The new software safely moves data from one site to another, and improves cybersecurity compliance. Hence, technological advancements & availability of diverse security solutions is driving the growth of railway passenger security market.                    

Key benefits of the report:

• This study presents the analytical depiction of the railway station passenger security industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global railway station passenger security market share.
• The current market is quantitatively analysed to highlight the global railway station passenger security market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global railway station passenger security market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the railway station passenger security market research report:

• Which are the leading market players active in the global railway station passenger security market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Railway Station Passenger Security Market Report Highlights