The platform screen door system market is projected to witness considerable growth, especially in the Asia-Pacific region, owing to increased investment toward infrastructure developments, growth in population along with the increase in globalization and rise in demand for public safety across the globe. This increases the adoption rate of such systems at a higher rate, which supplements the growth of the global market. Also, platform screen doors are being installed at the driverless metro lines of Greece and are expected to be completed by November 2020. For instance, despite availability of platform screen doors at transit stations of Brazil, the government is anticipated to introduce platforms screen door system at all the stations by the end of 2021. Recently, transit station upgradation projects are being carried out across the globe for the installation of automatically operated platform screen door system to ensure safety and security of the passengers. This increased focus has enabled numerous countries to upgrade their existing safety and security system through various contracts and agreements carried out by top manufacturers. The governments across the globe are focused on improving the transportation structure and safety & security system of their respective countries. Enhanced transport infrastructure and security system This feature adds traction to the market growth and offers lucrative growth opportunities for the global platform screen door system market. It has become necessary to improve the system and responses for catastrophic attacks and find safer, cost-effective, and feasible solutions. However, with the surge in accidental rates, antisocial behavior and other factors, the government has introduced new technologies and strategies to ensure public safety. The air, land, and other transportation systems are designed for accessibility and efficiency to facilitate global trade and travel. The key players operating in the global platform screen door system market include Faiveley Transport, Fangda Group, Gilgen Door Systems AG., Horton Automatics, Manusa, Panasonic Corporation, Jiacheng Railway International, Stanley Access Technologies LLC., Toshi Automatic Systems Pvt. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By application, the global platform screen door system market has been classified into metro, airport and bus stop. By product type, the global system market has been categorized into full height, semi height and half height type of platform screen doors. The global platform screen door system market is segmented into product type, application and region. However, rise in demand for safe, secure, & efficient transport system and improvement in railway infrastructure in developing countries are the factors that increase the demand for platform screen doors to be installed at transit stations thus, leading to the growth of the global platform screen door system market. Moreover, high capital requirement and refurbishment of existing safety system are the factors that hamper the growth of the global platforms screen door system market. The global platform screen door system market has been supplemented by factors such as the rising need for public safety and massive transportation infrastructure developments. Also, with the development in railway and other infrastructure, platform screen doors find a wider application, which effectively leads to the growth of the global platform screen door system market. Numerous developments have been carried out by companies across the globe for introducing advanced platform screen doors, which leads to its wider adoption. They are a form of new addition to the transit stations across the globe and continuous developments have been made to provide a better version of platform screen doors system to reduce accidents. Platform screen door systems are intended to provide safety and security to the passengers thus, reducing the chance of accidents caused due to human intervention. Platform screen door system is a type of barrier that is installed at transit stations, which acts as a barrier between the passenger and the transit area such as platforms or airport runways. Asia-Pacific was the highest revenue contributor, accounting for $295.16 million in 2017, and is estimated to reach $503.79 million by 2026, with a CAGR of 6.0%. The global platform screen door system market was valued at $630.00 million in 2017, and is projected to reach $1,010.00 million by 2026, registering a CAGR of 5.2%. Platform Screen Door System Market Statistics – 2026
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