Railway Telematics Market

The report "Railway Telematics Market by Solution (Fleet Management, Automatic Stock Control, Shock Detection, Reefer Wagon Management, ETA), Railcar (Hoppers, Tank Cars, Well Cars, Boxcars, Reefer Cars), Component & Region - Global Forecast to 2026", The railway telematics market is estimated to be USD 5.1 billion in 2021 and is projected to grow at a CAGR of 7.5% during the forecast period, to reach USD 7.3 billion by 2026.

Browse 106 market data Tables and 56 Figures spread through 222 Pages and in-depth TOC on "Railway Telematics Market by Solution (Fleet Management, Automatic Stock Control, Shock Detection, Reefer Wagon Management, ETA), Railcar (Hoppers, Tank Cars, Well Cars, Boxcars, Reefer Cars), Component & Region - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/railway-telematics-market-182239471.html

Various countries have realized that the development of railway infrastructure is one of the important factors driving economic development. Therefore, a number of countries and OEMs are investing significantly in railway infrastructure. For instance, Commande Centralisee de Reseau of France and Digitaler Bedienplats of Germany announced plans in 2020 to digitalize their interlocking systems by 2033 and 2035 respectively. Also, in May 2021, UAE’s national railway network, Etihad Rail signed an agreement with Transportr, a digital freight service provider, to digitalize Ethihad’s railway fleet as part of UAE’s digitalization agenda. Countries are adopting various technologies in their transportation infrastructure and are focusing on R&D and innovations in rail infrastructure technology to address future mobility challenges.

The highest number of players in the railway telematics market belong to European OEMs. OEMs such as Siemens AG, Alstom, Knorr-Bremse, and DB Cargo account for a major share of the railway telematics market. Rail operators are now replacing legacy technologies with advanced train-control and signaling systems. The European Railway Traffic Management System (ERTMS) level 2 developed by the Trans-European Rail Network is used for providing signaling solutions and speed control systems for interoperability between the railways across Europe.

Railcar tracking & tracing is estimated to hold the largest market share by solution during the forecast period

The railcar tracking & tracing solution is projected to lead the market during the forecast period. The segment is driven by the demand for freight wagon operations and maintenance. Railcar operators need to monitor the progress of transport using intermodal systems, complying with safety and maintenance regulations, and ensuring that wagons are reliable and available and are able to meet the high personnel costs. If control and implementation are insufficient, productivity may decrease, further aggravating cost pressures. To increase the economic efficiency of individual processes, the railcar tracking & tracing solution is adopted in the industry.

TCU segment is estimated to be the largest segment by range during the forecast period

The telematics control unit provides solutions for two-way tracking and control of railcars. The TCU provides complete and integrated fleet monitoring solutions for transportation and logistics, enabling the real-time visibility and control of transport assets as they move across the supply chain. The introduction of advanced TCUs is offering improved operational efficiency, increased profitability, predictive maintenance, and safety. These advantages are leading to the growth of the TCU railway telematics market which is dominating and also growing at the higher CAGR.

The APAC is projected to be the fastest-growing in the railway telematics market

The APAC is projected to be the fastest-growing railway telematics market due to the increasing penetration of advanced technologies, increasing GDPs of countries, steady growth, and emerging economies. The APAC region covers some of the potential markets, namely, China, India, Japan, and Rest of Asia Pacific. China is expected to lead the market followed by India, Japan, and Rest of Asia Pacific in terms of share and growth rate among all countries during the forecast period.

The APAC region is expected to offer significant growth opportunities due to the untapped market strength. Increasing awareness about driver safety and accident prevention, presence of leading OEM players, growing freight transportation and logistics industries, advent of the 4G LTE technology, and the adoption of smart railcars in North America and Europe due to the availability of embedded OEM telematics solutions are leading to market growth. The logistics sectors in India and China are on the cusp of disruption. Robust economic growth and technology improvements have led to significant developments. Despite significant country-specific trends and nuances, the underlying themes of economic growth, digital disruption and changing customer preferences prevail. These powerful themes are expected to shape the future of the logistics industry over the next few years. Based on reliable on-line telematics data, dispatchers will be able to inform their customers about changes in transport schedules earlier than is possible presently, increasing reliability and satisfying stakeholders, thus driving growth.

The report analyzes all major players in the railway telematics market including Hitachi Ltd. (Japan), Siemens (Germany), Bosch (Germany), Knorr-Bremse (Germany), and Alstom (France).

Don’t miss out on business opportunities in Railway Telematics Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]