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Global Intelligent Railway Transport System (IRTS) Market Size, Status and Forecast 2018-2025

Published Date: 2018-09-25   |   Pages: 92   |   Tables: 103   | Report Id: 745714   | Hits: 118 |   Internet & Communication

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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.

In 2017, the global Intelligent Railway Transport System (IRTS) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

This report focuses on the global Intelligent Railway Transport System (IRTS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Intelligent Railway Transport System (IRTS) development in United States, Europe and China.

The key players covered in this study

ABB

Indra Sistemas

Alstom

Alcatel-Lucent

Bombardier

Hitachi

Cisco

Siemens

International Business Machines

General Electric

Ansaldo Signalling and Transportation Systems

Market segment by Type, the product can be split into

Rail Sensors

Smart Cards

Video Surveillance Cameras

Market segment by Application, split into

Passenger Information System (PIS)

Advanced Security Management System

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

The study objectives of this report are:

To analyze global Intelligent Railway Transport System (IRTS) status, future forecast, growth opportunity, key market and key players.

To present the Intelligent Railway Transport System (IRTS) development in United States, Europe and China.

To strategically profile the key players and comprehensively analyze their development plan and strategies.

To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Intelligent Railway Transport System (IRTS) are as follows:

History Year: 2013-2017

Base Year: 2017

Estimated Year: 2018

Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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