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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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
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)
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