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 |
|---|
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
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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.
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Global railway telematics market report size, by regions, 2018-2030 (US$M)
Top 10 countries: Railway telematics market report size, 2023 (US$M)
Global railway telematics market report share, by solution, 2023 & 2030 (%, US$M)
Railway telematics market: Opportunity assessment by country
Global railway telematics market, by region, 2023 (US$M)
| Solution | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,862.6 | 4,165.3 | 3,802.3 | 3,910.0 | 4,039.4 | 4,194.2 | 4,378.8 | 4,598.7 | 4,862.4 | 5,180.5 | 5,566.7 | 6,037.8 | 6,615.9 | 6.7% |
| Europe | 2,855.8 | 3,106.2 | 2,859.7 | 2,965.5 | 3,089.4 | 3,234.4 | 3,404.5 | 3,604.6 | 3,842.1 | 4,126.2 | 4,468.9 | 4,885.2 | 5,394.7 | 7.6% |
| Asia Pacific | 2,159.6 | 2,357.4 | 2,178.1 | 2,266.6 | 2,369.3 | 2,488.8 | 2,628.2 | 2,791.6 | 2,984.9 | 3,215.4 | 3,493.0 | 3,829.7 | 4,241.3 | 7.9% |
| Latin America | 978.5 | 1,023.4 | 905.3 | 901.1 | 900.3 | 903.0 | 909.5 | 920.3 | 936.3 | 958.4 | 987.8 | 1,025.8 | 1,074.2 | 2.5% |
| MEA | 934.2 | 978.1 | 866.3 | 863.4 | 863.8 | 867.6 | 875.2 | 887.1 | 904.1 | 927.2 | 957.7 | 996.8 | 1,046.3 | 2.7% |
| Overall | 10,790.6 | 11,630.4 | 10,611.6 | 10,906.6 | 11,262.2 | 11,687.9 | 12,196.3 | 12,802.4 | 13,529.7 | 14,407.8 | 15,474.0 | 16,775.4 | 18,372.4 | 6.7% |
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