Intelligent Railway Transport System Market Forecast Report 2032

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The CAGR for the Intelligent Railway Transport System Market is expected to be 26.6% until December 2027. The market is expected to be worth 90 billion in US Dollars by then. The intelligent railway transport system market uses the latest in Information Technology and technological advancements to manage the railway industry and its many services.

The Intelligent Railway Transport System Market has been experiencing phenomenal growth in recent years largely because its popularity has been increasing in recent years. This is buoyed by two main purposes of the railway transport system:

  • To use the latest in security systems and technologies to protect passengers
  • To provide the best railway experience and customer service to customers.

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Description

COVID-19 analysis

COVID-19 has affected the Intelligent Railway Transport System Market, but this may be short-lived. National governments have imposed temporary quarantines and/or indefinite lockdowns.  Intelligent Railway Transport System Market size

This has restricted the movement of passengers somewhat. The new ‘stay at homestay safe orders’ only compounds this problem. The main issue the intelligent railway transport system market faces in the short-term is finding enough customers to allow it to stay financially viable. The railway industry in general is taking greater sanitary measures like checking the temperature of each passenger before boarding and thoroughly sanitizing trains after each ride. This has helped it attract more customers in the short-term.

Market Dynamics

Market Drivers

The increased popularity and use of the Internet of Things in terms of technology is what is driving growth in the intelligent railway transport system market. Also, more and more trains are offering customers free Internet-based services like free WIFI. This has motivated many people to try using trains as a primary means of transportation. Many of these people are first-time customers.

Market Opportunities

More and more transporters like bus and aviation systems are using the intelligent railway transport system. Some of these transporters are using this system as a primary means of transportation. The entire railway industry has responded by managing railway systems and services better. These two factors are creating many more opportunities for the intelligent railway transport system market.

Market Restraints

There are some factors that are holding growth in the intelligent railway transport system market back. These are the facts that installing (and training people to use) these intelligent technologies is very expensive. This forces many railway companies to pass the extra cost on to the end customer in the form of higher prices.

There is also a real lack of the infrastructure needed for intelligent trains to operate to full capacity. Installing this infrastructure will be a difficult, expensive, and time-consuming process.

Market Challenges

The main challenge facing the entire intelligent transport railway system industry is adaptation. Many people don’t ride even if they could afford to because they don’t know how to use these technologies. This makes them feel intimidated.

Cumulative growth analysis

The CAGR of the global intelligent transport railway system industry is expected to be above 25% until at least the end of 2032. The market is expected to be worth almost 100 billion US Dollars by then.

Technology analysis

New technological advances have helped growth for the intelligent transport railway system industry increase exponentially in recent years. Some of these advances have been the introduction of new devices and systems that make collecting fares and tracking passengers quick and easy. Seat information, fares, and other relevant and vital information are also made electronically available for passengers. This streamlines the entire railway experience for customers, makes it more pleasant for them, and encourages more people to ride intelligent trains.

Market Segment Overview

Intelligent Railway Transport System Technology

Growth in the intelligent railway transport system market has been driven by devices and components and services and solutions. Some of the technological gadgets that comprise the devices and components side are rail sensors, video surveillance cameras, smart cards, etc…

Intelligent Railway Transport System Service

Some services in the intelligent railway transport system (IRTS) market are professional services, cloud services, and integration services. These are encouraging more wealthy people to ride because it makes the entire train riding experience an easy and pleasant one. It also allows these professionals to do their work better.

Intelligent Railway Transport System Solutions

Some solutions that are making the railway industry more innovative are Passenger Information systems (PIS), railway traffic management system (RTMS), advanced security management system, etc… These solutions are making the railway industry more efficient. They are also streamlining basic operations.

Regional Analysis

The European Union has the greatest intelligent railway transport system (IRTS) market share. Technological advancements in the intelligent transport system are expected to drive growth even further in the future. The European Union is investing billions in research and development. This is expected to produce the technological advancements that will drive innovation and future growth.

The North American market is expected to see the greatest revenue until the end of 2032. The main reasons for this are the fact that the North American governments and populations are increasingly demanding that safety and security systems be made safer and more efficient/effective. This region is also developing and implementing new technologies. These are expected to help the smart railway system grow at a rapid pace.

The Asia-Pacific region is also experiencing handsome growth. There are two nations in particular that deserve special mention. They are India, China, and Japan. These nations are investing billions in terms of research and development. This is expected to develop the technological infrastructure that will drive rapid growth in the future.

Competitive landscape

There are many players in the market though there are significant barriers to entry in terms of higher costs. The players who are in the industry are investing heavily in research and development to develop the technological advancements and innovations that will make train riding easier and more efficient in the future. This is expected to drive future growth and attract even more customers.

A major company in this industry is the American giant Cisco Systems. Cisco Systems is investing heavily in research and development. The objective is to create new technologies that will make riding trains easier, safer, and much more pleasant (in terms of experience.) Some of its efforts are directed towards offering passengers and customers newer and more innovative services and greater security options through wireless tracking systems.

Recent Developments

The Thales Group is developing green technologies that will make trains more environmentally friendly in the future

Companies are investing in and developing new technologies that will streamline the entire train riding experience

Video analytics technologies will help operators manage passengers better and make the train riding experience as comfortable and pleasant as possible

Technologies are being devised to make metro-signaling faster and more efficient

The Thales Group has recently introduced the TransVerse Digital Service Platform. This promises to put customers in control by making train services and options much more visible and by allowing customers to access and use the Internet of Things (IoT) much faster and easier.

Report Overview

The intelligent railway transport system (IRTS) industry has been experiencing tremendous growth. This is expected to continue until at least 2032. Advances in technology are what is driving this growth. Many nations around the world are starting to invest in the technologies and infrastructure needed to support this industry. However, the high cost of building the infrastructure to support this industry could prove to be a short-term restraint. Many companies are in the industry. They are driven by the enormous revenue potential and high CAGR.

Report Scope

Report Attribute/Metric Details
Market Size USD 90 billion
CAGR 26.6%
Base Year 2023
Forecast Period 2024-2032
Historical Data 2018
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Devices & Components, Solutions
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors ABB Group (Switzerland), Indra Sistemas, S.A. (Spain), Alstom S.A. (Saint-Ouen), Alcatel-Lucent S.A. (France), Bombardier Inc.(Canada), Huawei Technologies Co. Ltd. (China), Hitachi, Ltd. (Japan), Cisco Systems, Inc. (U.S.), Siemens AG (Munich), International Business Machines Corporation (U.S.), General Electric Company (U.S.), Ansaldo Signalling and Transportation Systems (Itlay)
Key Market Opportunities The players in the industry are investing heavily in research and development to develop the technological advancements and innovations that will make train riding easier and more efficient.
Key Market Drivers High security for the passengers and high service quality. The ability of IRTS to regulate the road traffic near railway track signals.

Additional information

Language

english

Pages

110

Publisher

Market Research Future

Release date

2024

Companies Profiled

  • Indra Sistemas, S.A. (Spain),
  • Alstom S.A. (Saint-Ouen),
  • Alcatel-Lucent S.A. (France),
  • Bombardier Inc.(Canada),
  • Huawei Technologies Co. Ltd. (China),
  • Hitachi, Ltd. (Japan),
  • Cisco Systems, Inc. (U.S.),
  • Siemens AG (Munich),
  • International Business Machines Corporation (U.S.),
  • General Electric Company (U.S.),
  • Ansaldo Signalling and Transportation Systems (Italy)

Table of Contents

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH NETWORK SOLUTION

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY DEVICES & COMPONENTS

6.2.1.1 RAIL SENSORS

6.2.1.2 VIDEO SURVEILLANCE CAMERAS

6.2.1.3 SMART CARDS

6.2.1.4 NETWORKING & CONNECTIVITY DEVICES

6.2.1.5 OTHERS

6.2.2 BY SERVICES

6.2.2.1 PROFESSIONAL SERVICES

6.2.2.2 CLOUD SERVICES

6.2.2.3 INTEGRATION SERVICES

6.2.3 BY SOLUTIONS

6.2.3.1 PASSENGER INFORMATION SYSTEM (PIS)

6.2.3.2 RAILWAY TRAFFIC MANAGEMENT SYSTEM (RTMS)

6.2.3.3 ADVANCED SECURITY MANAGEMENT SYSTEM

6.2.3.4 SMART TICKETING SYSTEM (STS)

6.2.3.5 RAIL OPERATIONS MANAGEMENT SYSTEM

6.2.3.6 RAIL COMMUNICATION & NETWORKING SYSTEMS

6.2.3.7 OTHERS

6.2.4 BY GEOGRAPHY

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 ABB GROUP (SWITZERLAND),

7.2.2 INDRA SISTEMAS, S.A. (SPAIN)

7.2.3 ALSTOM S.A. (SAINT-OUEN)

7.2.4 ALCATEL-LUCENT S.A. (FRANCE)

7.2.5 BOMBARDIER INC.(CANADA)

7.2.6 HUAWEI TECHNOLOGIES CO. LTD. (CHINA)

7.2.7 HITACHI, LTD. (JAPAN)

7.2.8 CISCO SYSTEMS, INC. (U.S.)

7.2.9 SIEMENS AG (MUNICH)

7.2.10 INTERNATIONAL BUSINESS MACHINES CORPORATION (U.S.)

7.2.11 GENERAL ELECTRIC COMPANY (U.S.)

7.2.12 ANSALDO SIGNALLING AND TRANSPORTATION SYSTEMS (ITLAY)

7.2.13 OTHERS LIST OF TABLES

TABLE 1 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 2 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 3 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 4 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY REGIONS

TABLE 5 NORTH AMERICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 6 NORTH AMERICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 7 NORTH AMERICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 8 U.S. INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 9 U.S. INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 10 U.S. INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 11 CANADA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 12 CANADA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 13 CANADA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 14 EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 15 EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 16 EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 17 GERMANY INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 18 GERMANY INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 19 GERMANY INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 20 FRANCE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 21 FRANCE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 22 FRANCE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 23 U.K. INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 24 U.K. INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 25 U.K. INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 26 REST OF EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 27 REST OF EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 28 REST OF EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 29 ASIA-PACIFIC INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 30 ASIA-PACIFIC INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 31 ASIA-PACIFIC INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

TABLE 32 MIDDLE EAST & AFRICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS

TABLE 33 MIDDLE EAST & AFRICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES

TABLE 34 MIDDLE EAST & AFRICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS

List of Figures

LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET: BY DEVICES & COMPONENTS (%)

FIGURE 3 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET: BY SERVICES (%)

FIGURE 4 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET: BY SOLUTIONS (%)

FIGURE 5 GLOBAL INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET: BY REGION

FIGURE 6 NORTH AMERICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS (%)

FIGURE 7 NORTH AMERICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES (%)

FIGURE 8 NORTH AMERICA INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS (%)

FIGURE 9 EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS (%)

FIGURE 10 EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES (%)

FIGURE 11 EUROPE INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS (%)

FIGURE 12 ASIA-PACIFIC INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS (%)

FIGURE 13 ASIA-PACIFIC INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES (%)

FIGURE 14 ASIA-PACIFIC INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS (%)

FIGURE 15 ROW INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY DEVICES & COMPONENTS (%)

FIGURE 16 ROW INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SERVICES (%)

FIGURE 17 ROW INTELLIGENT RAILWAY TRANSPORT SYSTEM MARKET, BY SOLUTIONS (%)

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