PUBLISHER: The Business Research Company | PRODUCT CODE: 1392857
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392857
Railway Telematics Global Market Report 2024
“Railway Telematics Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on railway telematics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for railway telematics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The railway telematics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Solution: Fleet Management; Automatic Stock Control; Remote Data Access; Railcar Tracking And Tracing
- 2) By Railcar: Hoppers; Tank Cars; Well Cars; Boxcars; Refrigerated Boxcars
- 3) By Component Type: Telematics Control Unit; Sensors
- Companies Mentioned: Siemens AG; Hitachi Ltd.; Alstom SA; Knorr-Bremse AG; Robert Bosch GmbH
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Railway telematics involves the utilization of informatics and telecommunications in railways, incorporating services and solutions that leverage embedded technology, mobile systems, and telematics to enable control of railcars in motion.
The main railway telematics solutions encompass fleet management, automatic stock control, remote data access, and railcar tracking and tracing. Fleet management is employed to efficiently oversee railway fleets, ensuring optimal utilization, fuel consumption, and maintenance. Various types of railcars in the railway telematics domain include hoppers, tank cars, well cars, boxcars, and refrigerated boxcars. The component types within railway telematics include telematics control units and sensors. These solutions collectively contribute to the effective management and monitoring of rail operations.
The railway telematics market research report is one of a series of new reports from The Business Research Company that provides railway telematics market statistics, including railway telematics industry global market size, regional shares, competitors with a railway telematics market share, detailed railway telematics market segments, market trends and opportunities, and any further data you may need to thrive in the railway telematics industry. This railway telematics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The railway telematics market size has grown strongly in recent years. It will grow from $4. 4 billion in 2023 to $4. 74 billion in 2024 at a compound annual growth rate (CAGR) of 7. 6%. The growth observed in the historical period can be attributed to factors such as the adoption of GPS technology, the remote monitoring of trains, heightened safety and security concerns, a focus on operational efficiency, and the integration of communication technologies.
The railway telematics market size is expected to see strong growth in the next few years. It will grow to $6. 32 billion in 2028 at a compound annual growth rate (CAGR) of 7. 5%. The anticipated growth in the forecast period can be attributed to factors such as the implementation of IoT-based railway systems, the adoption of predictive maintenance solutions, the development of autonomous trains, the implementation of advanced sensors, and the application of big data analytics in railway operations. Major trends expected in the forecast period include the use of blockchain for railway transactions, the implementation of real-time passenger information systems, the integration of artificial intelligence in railways, the adoption of energy efficiency measures, and enhanced connectivity through 5G technology.
The railway telematics market is experiencing significant growth due to increased government initiatives for smart railways, with various countries globally investing in improved transportation infrastructure. An example is the 'PM GatiShakti' program by Indian Railways, which plans to establish around 500 multi-modal cargo terminals with a total investment of $6. 68 billion over five years. Such initiatives aim to integrate and streamline the flow of people, products, and services across different modes of transportation, enhancing connectivity and reducing travel times. As a result, the demand for railway telematics is expected to rise, driving market growth.
The railway telematics market is also anticipated to be propelled by the growth in freight transportation. Freight transportation involves the movement of goods from one location to another, and railway telematics plays a crucial role in modernizing this process. It enables real-time monitoring of cargo, locomotives, and rail infrastructure, ensuring the safe and efficient movement of goods. The systems provide valuable data on cargo location, temperature, security, and condition, allowing logistics companies to optimize routes and manage cargo efficiently. With the U. S. freight activity projected to grow significantly by 2050, the demand for railway telematics is set to increase.
A key trend in the railway telematics market is the emergence of strategic partnerships and collaborations, fostering competitiveness in the rail sector. For instance, Hitachi Rail, based in Italy, formed a strategic partnership with Intermodal Telematics (IMT) in the Netherlands. This collaboration involves embedding IMT's monitoring sensors into Hitachi Rail's digital freight service, enabling the offering of a powerful telematics product that utilizes AI analytics to optimize the efficiency and safety of freight services. Real-time monitoring of various aspects, including vehicle location, cargo status, and equipment conditions, is made possible through this partnership.
Major players in the railway telematics market are launching new products to maintain their market position. In May 2022, Hitachi Rail introduced a new Positive Train Control (PTC) onboard system and digital railcar telematics. This digital rail product, with an Interoperable Train Control (ITC) option, is designed for commuter train operators and freight railroads. The system runs essential and non-essential programs on a contemporary multiprocessor architecture, contributing to enhanced safety, efficiency, and data-driven operations within the railway industry.
In September 2021, Trackunit, a Denmark-based provider of SaaS-based IoT solutions and telematics, acquired the IoT division of ZTR, a U. S. -based company operating in railway telematics. This acquisition is expected to accelerate the digital transformation of construction, increase Trackunit's revenues, and expand its employee numbers.
Major companies operating in the in the railway telematics market report are Siemens AG, Hitachi Ltd., Alstom SA, Knorr-Bremse AG, Robert Bosch GmbH, Intermodal Telematics BV, INTREX Telematics Systems AD (Pty)Ltd., Orbital Communications Corporation, Savvy Telematics Systems AG, Trinity Industries Inc., Cisco Systems Inc., Teledyne FLIR LLC, Sumitomo Electric Industries Ltd, LG CNS Co. Ltd., Kapsch TrafficCom AG, Thales Group, Bombardier Inc., General Electric Company, International Business Machines Corporation (IBM), Amsted Industries Inc., Wabtec Corporation, Trimble Inc., CalAmp Corp., Honeywell International Inc., Huawei Technologies Co. Ltd., Nokia Corporation, Sierra Wireless, Tech Mahindra Limited, Toshiba Corporation, ZTR Control Systems, Advantech Co. Ltd., Belden Inc., EKE-Electronics Ltd., ENSCO Inc., Frauscher Sensor Technology Pvt. Ltd.
North America will be the largest region in the railway telematics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the railway telematics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The railway telematics market consists of revenues earned by entities by providing railway thematic solutions and services such automatic train protection (ATP) system,speed trackers, automatic braking systems, fleet management solutions, condition monitoring, and assest tracking solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The railway telematics market also includes sales of railway sensors, dashboard devices, speed sensors, and braking systems, and advanced driver assistance systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Railway Telematics Market Characteristics
3. Railway Telematics Market Trends And Strategies
4. Railway Telematics Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Railway Telematics Market Size and Growth
- 5.1. Global Railway Telematics Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Railway Telematics Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Railway Telematics Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Railway Telematics Market Segmentation
- 6.1. Global Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Fleet Management
- Automatic Stock Control
- Remote Data Access
- Railcar Tracking And Tracing
- 6.2. Global Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Hoppers
- Tank Cars
- Well Cars
- Boxcars
- Refrigerated Boxcars
- 6.3. Global Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Telematics Control Unit
- Sensors
7. Railway Telematics Market Regional And Country Analysis
- 7.1. Global Railway Telematics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Railway Telematics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Railway Telematics Market
- 8.1. Asia-Pacific Railway Telematics Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8. 4. Asia-Pacific Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Railway Telematics Market
- 9.1. China Railway Telematics Market Overview
- 9.2. China Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9. 4. China Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Railway Telematics Market
- 10.1. India Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Railway Telematics Market
- 11.1. Japan Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.2. Japan Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Railway Telematics Market
- 12.1. Australia Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Railway Telematics Market
- 13.1. Indonesia Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Railway Telematics Market
- 14.1. South Korea Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.2. South Korea Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Railway Telematics Market
- 15.1. Western Europe Railway Telematics Market Overview
- 15.2. Western Europe Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15. 4. Western Europe Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Railway Telematics Market
- 16.1. UK Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Railway Telematics Market
- 17.1. Germany Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Railway Telematics Market
- 18. 5. France Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18. 6. France Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18. 7. France Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Railway Telematics Market
- 19. 9. Italy Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.10. Italy Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.11. Italy Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Railway Telematics Market
- 20.13. Spain Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.14. Spain Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.15. Spain Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Railway Telematics Market
- 21.1. Eastern Europe Railway Telematics Market Overview
- 21.2. Eastern Europe Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21. 4. Eastern Europe Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Railway Telematics Market
- 22.1. Russia Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Railway Telematics Market
- 23.1. North America Railway Telematics Market Overview
- 23.2. North America Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23. 4. North America Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Railway Telematics Market
- 24.1. USA Railway Telematics Market Overview
- 24.2. USA Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24. 4. USA Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Railway Telematics Market
- 25.1. Canada Railway Telematics Market Overview
- 25.2. Canada Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25. 4. Canada Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Railway Telematics Market
- 26.1. South America Railway Telematics Market Overview
- 26.2. South America Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26. 4. South America Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Railway Telematics Market
- 27.1. Brazil Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Railway Telematics Market
- 28.1. Middle East Railway Telematics Market Overview
- 28.2. Middle East Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28. 4. Middle East Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Railway Telematics Market
- 29.1. Africa Railway Telematics Market Overview
- 29.2. Africa Railway Telematics Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Railway Telematics Market, Segmentation By Railcar, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29. 4. Africa Railway Telematics Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Railway Telematics Market Competitive Landscape And Company Profiles
- 30.1. Railway Telematics Market Competitive Landscape
- 30.2. Railway Telematics Market Company Profiles
- 30.2.1. Siemens AG
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1. 4. Financial Performance
- 30.2.2. Hitachi Ltd.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2. 4. Financial Performance
- 30.2.3. Alstom SA
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3. 4. Financial Performance
- 30.2. 4. Knorr-Bremse AG
- 30.2. 4.1. Overview
- 30.2. 4.2. Products and Services
- 30.2. 4.3. Strategy
- 30.2. 4. 4. Financial Performance
- 30.2. 5. Robert Bosch GmbH
- 30.2. 5.1. Overview
- 30.2. 5.2. Products and Services
- 30.2. 5.3. Strategy
- 30.2. 5. 4. Financial Performance
- 30.2.1. Siemens AG
31. Global Railway Telematics Market Competitive Benchmarking
32. Global Railway Telematics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Railway Telematics Market
34. Railway Telematics Market Future Outlook and Potential Analysis
- 34.1 Railway Telematics Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Railway Telematics Market In 2028 - Segments Offering Most New Opportunities
- 34. 3 Railway Telematics Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35. 4. Research Inquiries
- 35. 5. The Business Research Company
- 35. 6. Copyright And Disclaimer
