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Los Angeles, June 30, 2021 (Global News Agency) – Global Railway Automation Testing Equipment Market It is expected to grow at a compound annual growth rate of about 5.2% from 2020 to 2027, and reach a market value of over US$3.458 billion in 2027.
North America occupies a leading position in the railway automation testing equipment market
Several North American governments are implementing revised track inspection standards to improve the operational efficiency of railway activities. For example, in August 2020, the Federal Railroad Administration (FRA) of the U.S. Department of Transportation (DoT) submitted a final rule to the Federal Register, stipulating the use of ultrasonic testing technology to allow railroads to conduct continuous railroad testing activities and use GPS Improved technology. These updated regulations make it easier to conduct frequent railway tests and discover railway line problems before the railway deteriorates, thereby improving safety. Continuous railway testing requires the use of a railway inspection car to inspect the railway internally without stopping. In the next few years, due to the increase in the use of ultrasonic testing technology, the railway automation testing equipment market is expected to grow. Factors such as rising demand for passenger and freight capacity and an increase in the number of North American railway projects are expected to drive the growth of the railway automated inspection equipment market.
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