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Railway Telematics Market
Rapid spread of the disease has led to a significant impact on the global transportation industry, with a downturn in
need for using public transports. Industry experts believe that post the pandemic, the need to commute from one
place to another through railways will increase as this is considered as the cheapest mode of traveling across cities.
By the end of 2020, the situation came in control in some countries due to which the demand & supply gap was
fulfilled and there was significant growth in the product development which have a wider application in developed
railway.
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Railway Telematics Market
The global railway telematics market was valued at $4.98 billion in 2020, and is projected to reach $12.43 billion by
2030, registering a CAGR of 9.5% from 2021 to 2030.
Telematics is the process of monitoring location and movement of a vehicle by combining global positioning system
(GPS) and on-boards diagnostics systems. With the help of GPS and diagnostics system, it is possible to record the
speed and internal behavior of vehicles. Telematics systems are mainly adopted by vehicle insurance companies,
fleet management companies, and others to monitor location and behavior of a vehicle.
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Railway Telematics Market
Key Benefits For Stakeholders
• This study presents the analytical depiction of the global railway telematics market analysis along with the
current trends and future estimations to depict imminent investment pockets.
• The overall market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the market with a
detailed impact analysis.
• The current market is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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Railway Telematics Market
Major Companies:
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Alstom
Hitachi Ltd.
Intermodal Telematics
Intrex Telematics
ORBCOMM
Railnova
Robert Bosch GmbH
Savvy Telematics
Siemens AG
Trinity Industries
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Railway Telematics Market
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