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The intelligent railway transport system facilitates the use of information technology for managing the services provided by the railways. The railway relies on the radio network and the GPS system for effective implementation of intelligent transport system. The intelligent railway transport system market is majorly driven by its ability of providing high security for the passengers and the high service quality to the customers. The market will also grow with the increase in adoptions of internet of things technology in the railway system. The increasing trend of internet services is contributing in the growth of intelligent railway transport system market. The increasing use of rail transport among all modes of transportation has created an effective and timely management of services among others such as scheduling of trains. Whereas, the increased need for adoption of intelligent transport system in railways has made this possible and hence has increased the customer experience and security. The ability of the systems to regulate the road traffic near railway track signals is also fostering the growth of this market. The ability of the system to provide real time information about the arrival and departure of train and the platform number at the display screen of the platform is also driving the growth of this market.
According to our (Global Info Research) latest study, the global Intelligent Railway Transport System (IRTS) market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
This report is a detailed and comprehensive analysis for global Intelligent Railway Transport System (IRTS) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Intelligent Railway Transport System (IRTS) market size and forecasts, in consumption value ($ Million), 2018-2029
Global Intelligent Railway Transport System (IRTS) market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Intelligent Railway Transport System (IRTS) market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Intelligent Railway Transport System (IRTS) market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Intelligent Railway Transport System (IRTS)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Intelligent Railway Transport System (IRTS) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Indra Sistemas, Alstom, Alcatel-Lucent and Bombardier, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Intelligent Railway Transport System (IRTS) market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Rail Sensors
- Smart Cards
- Video Surveillance Cameras
Market segment by Application
- Passenger Information System (PIS)
- Advanced Security Management System
Market segment by players, this report covers
- ABB
- Indra Sistemas
- Alstom
- Alcatel-Lucent
- Bombardier
- Hitachi
- Cisco
- Siemens
- International Business Machines
- General Electric
- Ansaldo Signalling and Transportation Systems
Market segment by regions, regional analysis covers
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
- South America (Brazil, Argentina and Rest of South America)
- Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Intelligent Railway Transport System (IRTS) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Intelligent Railway Transport System (IRTS), with revenue, gross margin and global market share of Intelligent Railway Transport System (IRTS) from 2018 to 2023.
Chapter 3, the Intelligent Railway Transport System (IRTS) competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Intelligent Railway Transport System (IRTS) market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Intelligent Railway Transport System (IRTS).
Chapter 13, to describe Intelligent Railway Transport System (IRTS) research findings and conclusion.