Intelligent Railway Transport Market Research
Intelligent Railway Transport System (IRTS) is an emerging concept in various countries in field of railway industry. The intelligent railway transport system allows the organization to use several components of information technology for managing the services provided by the railways. Currently, the railway relies on the radio network and the GPS system for effective implementation of intelligent transport system but by the implementation of IRTS the operation of railway will become more efficient and will also helps to reduce the time and cost. The market of intelligent railway transportation system is majorly driven by benefits offered such as high security for the passengers and high service quality. The market will also grow with as the new technologies are coming into picture and adoptions of internet of things technology is increasing in the railway system. The increasing trend of internet services is contributing in the growth of intelligent railway transport system market.
High dependency on the railway transportation has led to the discovery of IRTS which has proven to be the efficient system in terms of quality and cost. The ability of IRTS to regulate the road traffic near railway track signals is also one of the driving factor of the global market.
Industry News
November, 2017, Spheron-VR AG, known globally as pioneers in HDR (High Dynamic Range) camera technology and experts in visual content management software, announce its SceneWorks division is today launching the latest version of their SceneCenter Forensic and SceneCenter Framework visual content management software. The technology offers the production for virtual onsite scene documentation. SceneWorks have tailored solutions for areas such as Police Crime Scene forensic documentation, Security, Critical Infrastructure and also Industrial Industries such as Rail, Nuclear, Oil and Gas, Utilities, Construction and other Visual Asset Management applications.
Future Drivers and Constraints Impacting the Market
Benefits such as high service quality and high security for the passengers is mainly driving the intelligent railway transport system market globally. The emerging technologies along with high adoption of IoT is also stimulating the market growth over the period. Also, the increasing trend for internet services is likely to gain traction in the global market in the coming years. Moreover, high dependency on the railway system for transportation has led to the advent of IRTS which has proven to be effective both in terms of cost and quality. IRTS can also regulate the traffic near railway track signals which is another factor fostering the market growth during the assessment period.
According to the United Nations Department of Economics and Social Affairs, the urban areas are likely to account for 60 % of the total population which is predicted to create major challenges in traffic management and urban planning to keep pollution and congestion under control. Railway transport can thus be a major part of the solution. Moreover, with the growing number of passengers and rising competition among the operators are pushing operators to modernize the rolling stock which is resulting in the growth of the market globally.
On the flip side, lack of infrastructure for intelligent transportation system and high cost of installation is likely to inhibit the market growth over the assessment period. Several IT systems are old and complex, thus making it difficult to share data in a hassle-free manner. Recurrent network failure, as well as system outages, can have a domino effect which may impact customer satisfaction.
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The increased need of surveillance of passengers for their safety and for providing them with convenient transportation facilities is driving the market.
The users get benefit in terms of saving their time and availing cost effectiveness by implementation of this technology.
The implementation of intelligent railway transportation system helps in ensuring safe drive of trains even in adverse climatic conditions and prevents trains from accidents at railway crosses.
Devices and components include Rail Sensors, Video Surveillance Cameras, Smart Cards, Networking & Connectivity Devices (Router, Wi-Fi, Switches, etc.)
Solutions comprises of Passenger Information System (PIS), Railway Traffic Management System (RTMS), Advanced Security Management System, Smart Ticketing System (STS), Rail Operations Management System, Rail Communication & Networking Systems and Others (Rail Analytics System and Freight Information System).
The prominent players in the market of Intelligent railway transport system market are 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) and among others.Market Research Analysis:Market Research Future Analysis shows that the carbon emission control has gained utmost importance in developing the railway intelligent transport system.
The increased need of surveillance of passengers for their safety and for providing them with convenient transportation facilities is driving the market.
The users get benefit in terms of saving their time and availing cost effectiveness by implementation of this technology.The airways is adopting various tools as a part of intelligent airways system such as the display screens on the airports and in domestic & international airports for providing information about the next stop.
The implementation of intelligent airways transportation system helps in ensuring safe drive of airlines even in adverse climatic conditions and prevents airlines from accidents.
SceneWorks have tailored solutions for areas such as Police Crime Scene forensic documentation, Security, Critical Infrastructure and also Industrial Industries such as Rail, Nuclear, Oil and Gas, Utilities, Construction and other Visual Asset Management applications.April, 2017, Siemens is launching Digital Rail Services in the U.S., a new business that will use intelligent sensors and advanced software platforms to put intelligence behind billions of data points created on the country’s rail systems.
This insight will help rail operators across the U.S. improve their operations and create an “Internet of Trains” to bring infrastructure and vehicles into the digital era.
Powered by software tools, the Digital Service business will help rail operators reduce unplanned downtime, improve operational efficiency, enable improved business planning and performance, as well as generate energy and cost savings.
However, higher initial investments and complexities in integrating these systems with existing systems might stagnate the demand for the same.
What's Trending in Market:Improves Consumer Safety by Minimizing the Scheduling Mistakes and Introduction to Anti-Collision SystemIntroduction to IoT as Well as Artificially Intelligent Automation Technologies to Enhance OptimizationChallenges:Requires Skilled Workforce for Developing the Intelligent Railway SystemIntegration Complexities with the Existing SystemsRestraints:Higher Initial Investments in Establishing Intelligent Railway SystemSignificant Post Purchase Maintenance Required for Maintaining Intelligent Railway SystemMarket Growth Drivers:Intelligent Railway Systems Provide Simplified Routing and SchedulingMinimizes the Working Complexities Caused Due to Conventional Railway SystemsGlobal Intelligent Railway System Market Development Scenario by Players Ø Financials Information, Business Overview and Product Specification Matrix Ø Patent Analysis Briefing* [if applicable] Ø No.
of Patents Issuance by Year / by Players / By Issuing Office Ø Key Development – Product/Service Launch, Mergers & Acquisition, Joint Ventures Intelligent Railway System Market Competition Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity.
Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Global Intelligent Railway System Market.
Yes, we can add or profile new company as per client need in the report, provided it is available in our coverage list as mentioned in answer to Question 1 and after feasibility run final confirmation will be provided by research team checking the constraints related to difficulty of survey.
2) Can we narrow the available business segments?
