Covid-19 Impact on Intelligent Railway Transport System (IRTS) Market, Global Research Reports 2020-2021

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.

This report provides a complete quantitative data and qualitative analysis on the global market for Intelligent Railway Transport System (IRTS). Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
Prior to COVID-19, the global market for Intelligent Railway Transport System (IRTS) was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Intelligent Railway Transport System (IRTS) is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
This report covers market size and forecasts of Intelligent Railway Transport System (IRTS), including the following market information:
Global Intelligent Railway Transport System (IRTS) Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Intelligent Railway Transport System (IRTS) Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Intelligent Railway Transport System (IRTS) Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Intelligent Railway Transport System (IRTS) Market Size by Company, 2019- 2020 (quarterly data), (US$ Million)

Key market players
Major competitors identified in this market include ABB, Indra Sistemas, Alstom, Alcatel-Lucent, Bombardier, Hitachi, Cisco, Siemens, International Business Machines, General Electric, Ansaldo Signalling and Transportation Systems, etc.

Based on the Region:
Asia-Pacific (China, Japan, South Korea, India and ASEAN)
North America (US and Canada)
Europe (Germany, France, UK and Italy)
Rest of World (Latin America, Middle East & Africa)

Based on the Type:
Rail Sensors
Smart Cards
Video Surveillance Cameras

Based on the Application:
Passenger Information System (PIS)
Advanced Security Management System