Global Railway Telematics Market Report,
Information Technology

Global Railway Telematics Market Overview And Prospects – Includes Railway Telematics Market Growth

Learn about the global railway telematics market through The Business Research Company, which provides information on railway telematics market size, railway telematics market drivers and restraints, railway telematics market players, the COVID-19 impact on the railway telematics market, and more.

 

The global railway telematics market size is expected to grow from $3.84 billion in 2021 to $4.16 billion in 2022 at a compound annual growth rate (CAGR) of 8.48%. The growth in the market is mainly due to the companies’ rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global railway telematics market size is expected to reach $5.77 billion in 2026 at a CAGR of 8.51%.

 

The increase in government initiatives for smart railways is significantly driving the growth of the railway telematics market.

 

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Global Railway Telematics Market Report,
Global Railway Telematics Market Report,

The railway telematics market consists of sales of railway telematics solutions and services or related products by entities (organizations, sole traders, and partnerships) that are used to enable communication and data transfer over long distances with wireless mediums. Railway telematics is referred to as the use of informatics and telecommunications in railways and consists of services or solutions using embedded technology and mobile and telematics systems to enable controls on railcars on the move.

 

Global Railway Telematics Market Segments Include:
By Solution: Fleet Management, Automatic Stock Control, Remote Data Access, Railcar Tracking and Tracing

By Railcar: Hoppers, Tank Cars, Well Cars, Boxcars, Refrigerated Boxcars

By Component Type: Telematics Control Unit, Sensors

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America will be the largest region in the railway telematics market.

 

Strategic partnerships and collaborations are a key trend gaining popularity in the railway telematics market. The strategic partnerships and collaborations in the railway telematics market are enabling competitiveness in the rail sector between freight transportation companies.

 

TBRC’s Railway Telematics Market Report Covers:

Major Market Players: Siemens AG, Hitachi Ltd., Alstom SA, Knorr-Bremse AG, Robert Bosch GmbH, Intermodal Telematics BV, Intrex Telematics, Orbital Communications Corporation, Savvy Telematics, Trinity Industries Inc, Cisco Systems, Inc, Teledyne FLIR LLC, Sumitomo Electric Industries, Ltd, LG CNS, Kapsch TrafficCom AG, Thales Group, Bombardier Inc, General Electric Company, and IBM Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

 

The Railway Telematics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides railway telematics market overviews, analyzes and forecasts market size, share, railway telematics market players, railway telematics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s railway telematics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Here Is A List Of Similar Reports From The Business Research Company:

Railway Management System Global Market Report 2022

Fleet Management Global Market Report 2022

Rail Asset Management Global Market Report 2022

 

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