RAILWAY CONNECTORS MARKET ANALYSIS

Market Challenges And Opportunities

Increasing utilization of ERTMS (European Rail Traffic Management System) which is utilized for railway traffic management and railway communication is one of the key factors driving the growth of the global railway connectors market. This system enables communication between the driver and traffic management center and also aids in controlling speed limit of the train by communicating with the driver.

Governments in various countries have initiated projects of faster and safer trains, which are also driving the growth of the global railway connectors market. Several countries around the globe are focusing on the implementation of modern technology such as speed monitoring, predictive maintenance, SCADA (Supervisory control and data acquisition), and others for faster and safer trains. Locomotives such as metro, bullet trains, and tubes are faster and safer than the conventional railways.

However, extreme weather conditions which make connectors non-favourable for application is one of the major challenges for the global railway connectors market growth. Failure of a connector can cause loss of vital data and it can interrupt the working of the monitoring system.