Global Railway Telematics Market Size & Outlook, 2023-2030

The railway telematics industry worldwide is expected to reach a projected revenue of US$ 18,372.4 million by 2030. A compound annual growth rate of 6.7% is expected of the worldwide railway telematics industry from 2024 to 2030.
Revenue, 2023 (US$M)
$11,687.9
Forecast, 2030 (US$M)
$18,372.4
CAGR, 2024 - 2030
6.7%
Report Coverage
Worldwide

Global railway telematics market highlights

  • The global railway telematics market generated a revenue of USD 11,687.9 million in 2023 and is expected to reach USD 18,372.4 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
  • In terms of segment, fleet management accounted for a revenue of USD 3,827.8 million in 2023.
  • Railcar tracking and tracing is the most lucrative solution segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 11,687.9 million
Market revenue in 2030USD 18,372.4 million
Growth rate6.7% (CAGR from 2023 to 2030)
Largest segmentFleet management
Fastest growing segmentRailcar tracking and tracing
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFleet Management, Automatic Stock Control, Remote data access, Railcar tracking and tracing

Other key industry trends

  • In terms of revenue, the North America accounted for 35.9% of the global railway telematics market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Brazil is the fastest growing regional market and is projected to reach USD 341.8 million by 2030.

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Railway Telematics Market Companies

Name Profile # Employees HQ Website

Global railway telematics market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to railway telematics market will help companies and investors design strategic landscapes.


Fleet management was the largest segment with a revenue share of 32.75% in 2023. Horizon Databook has segmented the Global railway telematics market based on fleet management, automatic stock control, remote data access, railcar tracking and tracing covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Railway Telematics Solution Outlook (Revenue, USD Million, 2018-2030)
    • Fleet Management
    • Automatic Stock Control
    • Remote data access
    • Railcar tracking and tracing
    • Others
  • Global Railway Telematics Railcar Outlook (Revenue, USD Million, 2018-2030)
    • Hoppers
    • Tank cars
    • Well cars
    • Boxcars
    • Refrigerated Boxcars
    • Others
  • Global Railway Telematics Component Type Outlook (Revenue, USD Million, 2018-2030)
    • Telematics Control Unit
    • Sensors

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Target buyers of Global railway telematics market databook

  • Our clientele includes a mix of railway telematics market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global railway telematics market, including forecasts for subscribers. This global databook contains high-level insights into Global railway telematics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global railway telematics market size, by region, 2018-2030 (US$M)

Top 10 countries: Railway telematics market size, 2023 (US$M)

Global railway telematics market share, by solution, 2023 & 2030 (%, US$M)

Railway Telematics Market: Opportunity Assessment By Country

Global railway telematics market, by region, 2023 (US$M)

Global railway telematics market size, by region, 2018-2030 (US$M)

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