According to a market report by Lucintel, the future of the global railway telematic market looks promising with opportunities in the rolling stock and locomotive applications. The global railway telematic market is expected to reach an estimated $60 billion by 2030 from $40 billion in 2024 at a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are robust railway development, rising demand for transportation systems that are more secure, reliable, and effective, and increasing demand for digitalizing railcar tracking.
A more
than 150-page report to understand trends, opportunity and forecast in global railway
telematic market to 2030 by solution (fleet management, automatic stock
control, remote data access, and others), component (telematics control units
and sensors), application (rolling stock, locomotive, and others), end use
(passenger transit, freight, and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
Lucintel
forecasts that fleet management is expected to witness highest growth over the
forecast period due to its significant use in railway sector to maximize
resource usage and boost operational effectiveness.
Rolling
stock will remain the largest segment due to growing demand for telematics in
this settings to enable real-time train tracking and monitoring.
Download
sample by clicking on railway telematic
market.
North
America is expected to witness highest growth over the forecast period due to
significant growth of freight and logistic sector and presence of key players
in the region.
A1
Digital, Alstom, Amsted Industries, Hitachi, Knorr-Bremse, Orbcomm, Rail nova,
Robert Bosch, SAVVY Telematics Systems, Siemens are the major suppliers in the railway telematic market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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