Press release
Railway Telematics Market Size, Share, Growth, Industry Analysis, Opportunities and Forecast 2022-2031
Railway Telematics Market
The regions covered in the Railway Telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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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.
Key competitors in the Railway Telematics market include Siemens AG, Hitachi Ltd., Alstom SA, Knorr-Bremse AG, Robert Bosch GmbH, Intermodal Telematics BV, Intrex Telematics, Orbital Communications Corporation, Savvy Telematics.
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%.
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TBRC's report segments the global Railway Telematics market:
1) By Solution: Fleet Management, Automatic Stock Control, Remote Data Access, Railcar Tracking and Tracing
2) By Railcar: Hoppers, Tank Cars, Well Cars, Boxcars, Refrigerated Boxcars
3) By Component Type: Telematics Control Unit, Sensors
Read further on the Railway Telematics market here:
https://www.thebusinessresearchcompany.com/report/railway-telematics-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Railway Telematics Market Characteristics
3. Railway Telematics Market Trends And Strategies
4. Impact Of COVID-19 On Railway Telematics Market
5. Railway Telematics Market Size And Growth
.....
27. Railway Telematics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Railway Telematics Market
29. Railway Telematics Market Future Outlook And Potential Analysis
30. Appendix
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