Global Intelligent Railway Transport System (IRTS) Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Intelligent Railway Transport System (IRTS) Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Intelligent Railway Transport System (IRTS) market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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 the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.

The Global Info Research report includes an overview of the development of the Intelligent Railway Transport System (IRTS) industry chain, the market status of Passenger Information System (PIS) (Rail Sensors, Smart Cards), Advanced Security Management System (Rail Sensors, Smart Cards), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Intelligent Railway Transport System (IRTS).

Regionally, the report analyzes the Intelligent Railway Transport System (IRTS) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Intelligent Railway Transport System (IRTS) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Intelligent Railway Transport System (IRTS) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Intelligent Railway Transport System (IRTS) industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Rail Sensors, Smart Cards).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Intelligent Railway Transport System (IRTS) market.

Regional Analysis: The report involves examining the Intelligent Railway Transport System (IRTS) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Intelligent Railway Transport System (IRTS) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Intelligent Railway Transport System (IRTS):

Company Analysis: Report covers individual Intelligent Railway Transport System (IRTS) players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Intelligent Railway Transport System (IRTS) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Information System (PIS), Advanced Security Management System).

Technology Analysis: Report covers specific technologies relevant to Intelligent Railway Transport System (IRTS). It assesses the current state, advancements, and potential future developments in Intelligent Railway Transport System (IRTS) areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Intelligent Railway Transport System (IRTS) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Intelligent Railway Transport System (IRTS) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

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 2019 to 2024.

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 2019 to 2030.

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 2019 to 2024.and Intelligent Railway Transport System (IRTS) market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

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.