Connected Rail Market
Connected Rail Market Research Report By System Type (Automatic Train Control (ATC), Positive Train Control (PTC), Traffic Management Systems (TMS), Passenger Information Systems (PIS), Wi-Fi and Telecommunication Systems), By Technology (Communication-Based Train Control (CBTC), Global System for Mobile Communications - Railway (GSM-R), European Rail Traffic Management System (ERTMS), LTE-R, 5G), By Application (High-Speed Rail, Metro and Urban Rail, Freight Rail, Commuter Rail, Regional Rail), By End-User (Railways, Transit Authorities, Private Rail Operators, Maintenance and Service Providers, Passenger and Freight Operators) and By Region (North America, Europe, South America, Asia Pacific, Middle East and Africa)- Forecast to 2032.
Connected Rail Market Overview:
As per MRFR analysis, the connected rail market size was estimated at 20.4 (USD Billion) in 2022. The connected rail market industry is expected to grow from 22.55(USD Billion) in 2023 to 55.69 (USD Billion) by 2032..