Multi-Billion Dollar Investments for China’s Mass Transportation’s Security Systems
By 2020, China is expected to have 6,100 km of urban rail lines and 120,000 km of rail network
The Chinese Mass Transportation market is a multibillion dollar market growing at a two digit CAGR. The market is characterized by a special thirst for state-of-the-art technologies (e.g., subway security sensor network ICT, C-3 software products) and high investments in workforce and visitor screening and surveillance.
To date, 36 cities in China have proposals to construct intercity urban rails, of which 28 cities have won official approval. These include new 87 lines exceeding 2,500 kilometers in total by 2015 with a total investment of $ 160 Billion.
It gives a competitive edge to foreign-based companies who can supply first tier high tech equipment and services. As such, foreign companies occupy a major market share in the Chinese transportation market and will continue to do so over the next decade so long as they maintain a technological edge.
Read more on China’s Mass Transportation business opportunities, market figures and forecasts