Railway Cybersecurity Market: In-Depth Analysis and

Chicago, June 24, 2022 (GLOBE NEWSWIRE) — According to MarketsandMarkets™ new market research report “Railway Cybersecurity Market by type (infrastructure and onboard), offering, security type (network, application, terminal, system administration and data protection), application (passenger and freight), rail type and region – Global forecast to 2027″, Published by MarketsandMarkets™, The Railway Cybersecurity Market is estimated to be worth USD 6.2 Billion in 2021 and is expected to grow at a CAGR of 9.4% during the forecast period and is expected to reach USD 10.6 Billion by 2027.

The FDL Advantage developed by Wabtec is a fuel saving engine upgrade package for its FDL locomotive platform. The Modular Control Architecture – Fleet Migration (MCA FM) is another offering which is a replacement for the next generation control system applicable to Wabtec’s entire installed base of locomotives. Both solutions feature next-generation software and data capabilities. Many countries have adopted few technologies in their transport infrastructure and are geared towards R&D and innovations in railway infrastructure technology to meet future mobility challenges.

Today, most countries have perceived that one of the most important elements that will drive their economic development is the development of their railway infrastructure. Therefore, many countries and OEMs have invested heavily in railway cybersecurity infrastructure. For example, in 2019, two new offers are launched by Wabtec which have been designed to modernize its 23,000 installed locomotives worldwide. The European region has the largest number of players in the railway cybersecurity market. Companies such as Thales Group (France), Siemens AG (Germany), Alstom (France) and Nokia Networks (Finland) hold most of the railway cybersecurity market. Legacy technologies are replaced by advanced train control and signaling systems by rail operators.

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Connected and digitized infrastructure will boost this segment during the forecast period

The railway is a collaborative business and data is shared between different stakeholders. The lack of a proper mechanism for dealing with multiple partners and defining requirements creates opportunities for cyberattacks. Railways are moving towards more advanced and connected systems, which makes them vulnerable to attacks from cybercriminals. The growing operation based on IP communication between train control systems and railway infrastructure exposes OT systems to the same cyber threats faced by IT systems. Nation-state attacks and denial of service hacks can affect rail operations through OT systems, significantly disrupting and even damaging critical rail infrastructure and potentially leading to loss of life. Therefore, cybersecurity infrastructure plays an important role in maintaining the safety of railway systems and ensuring its smooth operation.

Infrastructural cybersecurity includes railway infrastructure such as signaling systems, railway systems and communication systems. It also includes station building management systems such as intelligent building management systems, CCTV, and infrastructure systems such as HVAC, oil depots, mechanical systems, and SCADA systems. These systems pose a serious challenge to railway networks and the data stored on them. Therefore, many operators are focusing on adopting cybersecurity solutions to protect them.

Europe is expected to be the largest railway infrastructure cybersecurity market. The growth of the market in the region can be attributed to the ongoing developments in the railway sector. The growing emphasis on comfort and safety has led to the development of advanced technologies, thereby increasing passenger comfort levels and reducing intercity travel time. For example, a new tool called Open Capacity has been developed in the UK to inform passengers of the level of crowding in carriages. This tool was created by combining real-time detection technology in trains with analysis drawn from historical data. Cubic Transportation Systems has launched a doorless entry system to help passengers pay via software using facial recognition and Bluetooth and board trains quickly. Sweden’s SJ Railways has also started using microchips to quickly validate tickets. The adoption of advanced technologies for ticketing systems is expected to improve efficiency and provide comfort to commuters. Such apps have the potential to improve the overall travel experience and fuel the growth of the rail industry.

The passenger train segment is estimated to be the largest and fastest growing segment during the forecast period.

The passenger train segment is expected to dominate the railway cybersecurity market over the forecast period. The security of the passenger rail network is more complex than the freight segment because there is an open infrastructure, multiple access points and a large user base. In recent times, cities like London and New York have been prone to rail passenger cyberattacks, which has highlighted the importance of railway cybersecurity. Governments around the world are promoting cybersecurity solutions for their passenger and freight railways. For example, in April 2020, the US Government Accountability Office published a report containing the assessment of passenger rail cyberattacks in the United States and the European region and adopted guidelines to limit them. These government initiatives are expected to fuel the growth of the railway cybersecurity market over the forecast period.

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Asia-Pacific Region Expected to Witness Fastest Growth in Railway Cybersecurity Market

Rapid urbanization and population growth are major factors in the development of railway networks and, consequently, the construction of urban and mainline railway infrastructure in Asia-Pacific. The growth of this infrastructure construction will drive the railway cybersecurity market in the region. Cybersecurity depends on railroad management systems, which can be hacked for data breaches. China and Japan have the most sophisticated rail infrastructure in the region. China has the largest rail network and is experiencing rapid improvement and expansion of existing infrastructure. China has nearly 35,000 km of high-speed rail network in 2020, making it the largest in the world. The country is also aggressive in expanding its urban transit system. In 2020, Guangzhou Metro Corp opened an extension of Culture Park Line 8 from the west side of downtown to Jiaoxin in Baiyun District in the north on November 26, adding 16 3 km and 11 stations. These projects are expected to boost the railway cybersecurity market in the region.

China is expected to be the fastest growing and largest market for railway cybersecurity in Asia-Pacific due to its strong railway network, increasing investment and economic development. In China, the China Railway Construction Corporation (CRCC) manages all railway operations and develops various strategic railway projects to improve railway infrastructure. The 2020 budget report submitted to the National People’s Congress on May 22 showed that the central government injected more than $7.7 billion into the China National Railway Group. New development projects are on track for the Beijing-Shanghai high-speed rail corridor, which is estimated to cost more than $32 billion. In 2021, the Baku-Tbilisi-Kars (BTK) project is expected to connect East and West China and open rail access to Central Asia and Europe. China continues to show strong growth in the transport sector. Growing digitized infrastructure and increase in urban transportation such as metros and high-speed trains are expected to drive the railway cybersecurity market in the region.

India is also expected to become the next promising market for railway cybersecurity. This can be attributed to ongoing projects related to urban transit and high-speed rail. In 2021, the European Investment Bank (EIB) signed a financing contract worth USD 182 million with the Government of India for the second part of the Pune Metro Rail project in Maharashtra during a virtual signing ceremony . This project should offer urban mobility to a large population, including the working class. Maharashtra Metro Rail Corporation will work on this project as the executing agency. This has created a business opportunity for the railway cybersecurity market. India also plans to invest USD 142 million over the next five years in improving commuter rails, metros, locomotives, rail cybersecurity, manufacturing and maintenance, signaling and electrical works, as well as dedicated freight lines in the country. These developments and investments are expected to boost the railway cybersecurity market in Asia-Pacific.

The report analyzes all major players in the Railway Cybersecurity Market including Thales Group (France), Siemens AG (Germany), Alstom (France), Wabtec (United States) and Nokia Networks (Finland).

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