Report Ocean has recently published a research study on the global platform screen door system market. The report, titled“Global Platform Screen Door System Market Size study, by Product Type (Full Height, Semi Height and Half Height), by Application (Television, Desktop/Laptop, Mobile/Tablet, Gaming Consoles and Other Platforms) and Regional Forecasts 2020-2027,” offers a detailed assessment of this market, including individual analyses of each of its segments.
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The global platform screen door system market was valued approximately at US$697.2 mn in 2019. The research report anticipates this market to rise at a CAGR of more than 5.20% over the forecast period.
Platform screen door systems find extensive application as automatic gates in transit stations, such as train stations and subway to separate the platform from train for passengers’ safety. Platform screen doors, also called platform edge doors (PEDs), work as a barrier between the vehicle propulsion area and passengers. The rising demand for public safety and the ongoing development in transport infrastructure and security systems are adding significantly to the growth of this market. Furthermore, the rapid infrastructure development and continued technology upgradation will drive the growth of the platform screen door system market in the near future. However, the high capital requirement and refurbishment of existing safety system may create hindrance in the market’s growth over the next few years.
Market players are constantly focusing on technical innovations. They are also expected to introduce new products in the near future to gain traction. Faiveley Transport, Fangda Group, Gilgen Door Systems AG., Horton Automatics, Manusa, Panasonic Corporation, Jiacheng Railway International, Stanley Access Technologies LLC, Toshi Automatic Systems Pvt. Ltd., and Westinghouse Electric Corp. are some of the key players in the global market for platform screen door systems, analyzed in this research report.
The research report also offers a geographical assessment of the global market for platform screen door systems. As per the study, the global market reports its presence across North America, Europe, Latin America, Asia Pacific, and the Rest of the World. Asia Pacific is the leading regional market for platform screen door systems across the world. The fast uptake of new technology, rising demand for automatic platform screen doors, increasing population, and the augmenting developments in the transportation sector are propelling this regional market considerably and are expected to continue to do so in the near future, states the research study.
Impact of Covid 19 on Global Platform Screen Door System Market
The global market for platform screen door systems has been impacted negatively due to the spread of Coronavirus. With lockdown imposed in several economies, the end-use industries witnessed significant downfall that reflected on this market. However, the market is likely to gain its normal pace, once the situation gets under control.
Key Findings:
- Asia Pacific is the leading regional market for platform screen door systems across the world.
- Market players are constantly focusing on technical innovations.
The global platform screen door system market:
By Product Type
- Full Height
- Semi Height
- Half Height
By Application
- Metro
- Airport
- Bus Stop
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
Companies mentioned in the Report
- Faiveley Transport
- Fangda Group
- Gilgen Door Systems AG.
- Horton Automatics
- Manusa
- Panasonic Corporation
- Jiacheng Railway International
- Stanley Access Technologies LLC
- Toshi Automatic Systems Pvt. Ltd.
- Westinghouse Electric Corp.
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