What is Railway Telematics Market?
Railway telematics are an integration of different technology elements such as hardware, software, and network elements, which can be complex to configure at times. The integration of different hardware devices along with railway software over legacy system infrastructure may become complex.
The market study is being classified by Type (Information Systems, Fleet Management Systems, Goods Monitoring Systems, Diagnostic Systems, Passenger Navigation Systems and Interlocking Systems) and major geographies with country level break-up.
Siemens AG (Germany), Hitachi Ltd. (Japan), Alstom SA (France), Knorr-Bremse (Germany), Robert Bosch (Germany), Intermodal Telematics BV (Netherlands), Trinity Industries (United States), Railnova (Belgium), Orbcomm (United States) and INTREX Telematics (South Africa) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SAVVY® Telematic Systems AG (Switzerland).
Global Railway Telematics is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Solutions and Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Segment Analysis
Analyst at AMA have segmented the market study of Global Railway Telematics market by Type, Application and Region.
On the basis of geography, the market of Railway Telematics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Telematic Applications in Railway Traffic
Market Trend
- Digitalization in Mobility
- The Popularity of Autonomous Mobility
Restraints
- Implementing Connected Freight Transport
Opportunities
- Rising Urbanization and Smart Cities over the Globe
Key Target Audience
Railway Telematics Providers, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others