Middle East & Africa Railway Telematics Market Size & Outlook
Related Markets
MEA railway telematics market highlights
- The MEA railway telematics market generated a revenue of USD 867.6 million in 2023.
- The market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, fleet management 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.
MEA data book summary
| Market revenue in 2023 | USD 867.6 million |
| Market revenue in 2030 | USD 1,046.3 million |
| Growth rate | 2.7% (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 |
| 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, MEA region accounted for 7.4% 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 |
|---|---|---|---|---|
| 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 |
Middle East & Africa 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 30.53% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa railway telematics market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa railway telematics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Railway Telematics Market Share, 2023 & 2030 (US$M)
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