The North America railway automated inspection equipment market was valued at $643.6 million in 2019, and is projected to reach $831.6 million by 2027, registering a CAGR of 4.9%.
Railway inspection is the practice of examining rail tracks for flaws that lead to catastrophic failures causing accidents. According to the U.S. Federal Railroad Administration Office of Safety Analysis, track defects are the second cause of railway accidents in U.S.
Report Code : A14093 | Category : Automotive and Transportation
