Global Railway Telematics Market Analysis 2021

Global Railway Telematics Market Analysis 2021

The Global Railway Telematics Market is expected to reach $8.95 billion by 2027 growing at a CAGR of 9.5% from 2020 to 2027. Railway telematics is defined as the use of telecommunications and informatics across freight railways. Railway telematics solutions are integrating different technology elements such as software, hardware, and network elements, which can be complex to configure at times. An essential objective of telematics is to facilitate railway traffic control and integrate information and communication systems so that it is easier to ensure the safety of train traffic. Telematics in control of rail vehicles is based on a human-machine interface developed for the train driver, facilitates operation, and improves the effectiveness of control, while the risk of human error can be reduced. It can also aid the location of a train along the route.

Factors such as the increasing presence of smart technologies in rail transportation, government initiatives for smart railways, and digitalization of railways are driving the growth of the market. However, high development costs and lack of infrastructure for railway telematics are restraining the growth of the market.

Based on the solution, the railcar tracking & tracing segment is going to have a lucrative growth during the forecast period since 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 can meet the high personnel costs. To increase the economic efficiency of individual processes, the railcar tracking & tracing solution is adopted in the industry.

The key vendors mentioned are Siemens, Hitachi Ltd, Robert Bosch, Alstom, Knorr-Bremse AG, DB Cargo AG, Intrex Telematics, Trinity Industries, Savvy Telematics, IBM Corporation, Cisco, SAVI Technology and VTG AG.

Components Covered:
• Sensor
• Telematic Control Unit (TCU)

Railcars Covered:
• Refrigerated Boxcars
• Tank Cars
• Hoppers
• Boxcars
• Well Cars

Solutions Covered:
• Remote Data Access
• Fleet Management
• Refrigerated Wagon Management
• Automatic Stock Control
• Shock Detection
• Railcar Tracking and Tracing
• Estimated Time of Arrival (ETA)

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period