Canada Railway Telematics Market Size & Outlook, 2023-2030
Canada railway telematics market, 2018-2030 (US$M)
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Canada railway telematics market highlights
- The Canada railway telematics market generated a revenue of USD 1,126.4 million in 2023 and is expected to reach USD 2,076.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, fleet management was the largest revenue generating solution in 2023.
- Fleet Management is the most lucrative solution segment registering the fastest growth during the forecast period.
Railway telematics market data book summary
| Market revenue in 2023 | USD 1,126.4 million |
| Market revenue in 2030 | USD 2,076.6 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Fleet management |
| Fastest growing segment | Fleet Management |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 9.6% of the global railway telematics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. railway telematics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,076.6 million by 2030.
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Railway Telematics Market Scope
Railway Telematics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 40.88% in 2023. Horizon Databook has segmented the Canada 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 Canada 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 country-level data and insights on the Canada railway telematics market, including forecasts for subscribers. This country databook contains high-level insights into Canada railway telematics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada railway telematics market report size, by solution, 2018-2030 (US$M)
Canada Railway Telematics Market Share, 2023 & 2030 (US$M)
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