The $230 billion rail industry is poised to grow at a steady pace of ~5% till 2025 across its key segments, such as rolling stock, rail control, services, and infrastructure. While these are statistics indicating quantitative growth, passenger experience is what makes train travel truly memorable, and is the key differentiator in the transportation world. The industry is therefore increasingly focusing on the principal drivers of digitalization, safety and security, and standardization and efficiency. It must address today’s and tomorrow’s needs while ensuring the sector’s raison d’etre of safety, reliability, and efficiency.
The global rail industry continuously faces the challenges of being asset intensive with geographically dispersed operations and manufacturing plants. In addition, to meet demanding customer expectations for cost optimization of locomotives, rolling stock, and control systems.
VEREO is committed to provide solutions to these industry challenges for our global customers by accelerating Design and Development, Embedded Products, Electrical Components, system integration, Manufacturing, aftermarket solutions and digital solutions for locomotive and rolling stock manufacturers in the world.