Asia Pacific Railway Telematics Market Size & Outlook
Asia Pacific railway telematics market, 2018-2030 (US$M)
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Asia Pacific railway telematics market highlights
- The Asia Pacific railway telematics market generated a revenue of USD 2,488.8 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, automatic stock control was the largest revenue generating solution in 2023.
- Railcar tracking and tracing is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,488.8 million |
| Market revenue in 2030 | USD 4,241.3 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Automatic stock control |
| 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 |
| Key market players worldwide | A1 Digital, Alstom SA, Amsted Industries, Hitachi Ltd, Knorr-Bremse AG ADR, Robert Bosch Engineering & Business Solutions, Siemens AG, ORBCOMM, Railnova, Indus Holding AG, Wabtec |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.3% of the global railway telematics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,241.3 million by 2030.
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Railway Telematics Market Scope
Railway Telematics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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.
Automatic stock control was the largest segment with a revenue share of 29.54% in 2023. Horizon Databook has segmented the Asia Pacific 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.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific railway telematics market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific railway telematics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific railway telematics market report size, by country, 2018-2030 (US$M)
Asia Pacific Railway Telematics Market Share, 2023 & 2030 (US$M)
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