OEMs are likely to invest in rail infrastructure to provide safety & signaling system. In addition, investment towards rail digitalization to provide services such as passenger information, train tracking and others would boost market for connected rail system.
New York, April 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Connected Rail Market by Service, Rail Signaling System, Rolling Stock and Region – Global forecast to 2027” – https://www.reportlinker.com/p04944753/?utm_source=GNW
The connected public transportation also provides efficient traffic management and convenient traveling experience, but the slow growth in developing countries would affect the overall growth of connected rail market.
Growing inter-state trade agreements is likely to propel the growth of the Freight Wagon segment during the forecast period
Freight wagons, also known as unpowered bogies, are used for carrying goods and cargo, which are propelled by prime movers (diesel or electric).The bogies consist of regular couplers and other fittings, such as hoses for air brakes, allowing different wagon types to be assembled into prime movers.
The growth of the connected rail industry in the region can be attributed to urbanization in countries such as China and India and investments in freight rail infrastructure to support the mining and natural resource markets in these countries.In 2020, Siemens AG signed a contract with VTG Rail Europe GmbH to test its…
