Global Railway Telematics Market Size & Outlook, 2023-2030
Global railway telematics market, 2018-2030 (US$M)
Related Markets
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 2023 | USD 11,687.9 million |
| Market revenue in 2030 | USD 18,372.4 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Fleet management |
| Fastest growing segment | Railcar tracking and tracing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fleet 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 Scope
Railway Telematics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Wabtec | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | https://www.wabteccorp.com/ |
| Railnova | View profile | 11-50 | Brussels, Brussels Hoofdstedelijk Gewest, Belgium, Europe | https://www.railnova.eu/ |
| Knorr-Bremse AG ADR | View profile | 33319 | Moosacher Strasse 80, Munich, BY, Germany, 80809 | https://www.knorr-bremse.com |
| Amsted Industries | View profile | 1001-5000 | Chicago, Illinois, United States, North America | http://www.amsted.com |
| A1 Digital | View profile | 101-250 | Gerasdorf Bei Wien, Niederosterreich, Austria, Europe | https://a1.digital/ |
| ORBCOMM | View profile | 1001-5000 | Rochelle Park, New Jersey, United States, North America | http://www.orbcomm.com/ |
| Alstom SA | View profile | 84748 | 48, Rue Albert Dhalenne, Saint-Ouen-sur-Seine, Paris, France, 93400 | https://www.alstom.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Indus Holding AG | View profile | 8813 | Kolner Strasse 32, Bergisch Gladbach, NW, Germany, 51429 | https://www.indus.de |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
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
- Railcar tracking and tracing
- Remote data access
- Others
- Automatic Stock Control
- Global Railway Telematics Railcar Outlook (Revenue, USD Million, 2018-2030)
- Others
- Tank cars
- Boxcars
- Hoppers
- Well cars
- Refrigerated Boxcars
- 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
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Our clientele includes a mix of railway telematics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
Partial client list
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Railway telematics market: Opportunity assessment by country
Global railway telematics market, by region, 2023 (US$M)
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