Global Intelligent Railway Transport System (IRTS) Market Size, Status and Forecast 2020-2026

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.
Market Analysis and Insights: Global Intelligent Railway Transport System (IRTS) Market
In 2019, the global Intelligent Railway Transport System (IRTS) market size was US$ 31410 million and it is expected to reach US$ 84520 million by the end of 2026, with a CAGR of 15.1% during 2021-2026.
Global Intelligent Railway Transport System (IRTS) Scope and Market Size
Intelligent Railway Transport System (IRTS) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Intelligent Railway Transport System (IRTS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Intelligent Railway Transport System (IRTS) market is segmented into Rail Sensors, Smart Cards, Video Surveillance Cameras, etc.
Segment by Application, the Intelligent Railway Transport System (IRTS) market is segmented into Passenger Information System (PIS), Advanced Security Management System, etc.
Regional and Country-level Analysis
The Intelligent Railway Transport System (IRTS) market is analysed and market size information is provided by regions (countries).
The key regions covered in the Intelligent Railway Transport System (IRTS) market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Intelligent Railway Transport System (IRTS) Market Share Analysis
Intelligent Railway Transport System (IRTS) market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Intelligent Railway Transport System (IRTS) business, the date to enter into the Intelligent Railway Transport System (IRTS) market, Intelligent Railway Transport System (IRTS) product introduction, recent developments, etc.
The major vendors include ABB, Indra Sistemas, Alstom, Alcatel-Lucent, Bombardier, Hitachi, Cisco, Siemens, International Business Machines, General Electric, Ansaldo Signalling and Transportation Systems, etc.

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 North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

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

North America
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 North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by 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: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 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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