North America Railway Telematics Market Size & Outlook
Related Markets
North America railway telematics market highlights
- The North America railway telematics market generated a revenue of USD 4,194.2 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,194.2 million |
| Market revenue in 2030 | USD 6,615.9 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Fleet management |
| Fastest growing segment | Fleet Management |
| 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, North America region accounted for 35.9% 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 |
North America 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 40.85% in 2023. Horizon Databook has segmented the North America 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 North America 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 North America railway telematics market, including forecasts for subscribers. This continent databook contains high-level insights into North America railway telematics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America railway telematics market report size, by country, 2018-2030 (US$M)
North America Railway Telematics Market Share, 2023 & 2030 (US$M)
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