Railway Telematics Market is Anticipated to Grow US$ 22.80 Bn By 2030

The global Railway Telematics market is expected to grow at a CAGR of around 9.5% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 22.80 billion by 2030.

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Growth Factors

 The surge in demand for a safe, secure, and efficient transport system is anticipated to support market growth. Advanced transport systems are less likely to witness fatalities owing to upgraded telematics technologies, thereby contributing to the growth. However, COVID-19 pandemic-related lockdowns hampered transportation and freight activities globally during the first half of 2020, negatively impacting the market growth. The growing demand for the digitalization of railcar tracking and increasing rail freight transportation are some of the key factors anticipated to drive the growth.

Report Coverage

Report Scope Details
Market Size USD 22.80 billion by 2030
Growth Rate CAGR of 9.5% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Solution, Railcar, Component type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Hitachi Ltd.; Siemens AG; Robert Bosch GmbH; Knorr-Bremse AG; Alstom SA

Report Highlights

Based on solution, the market is categorized into fleet management, automatic stock control, remote data access, railway tracking and tracing, and others. The fleet management segment dominated the market in 2020 and accounted for more than 35.0% of the revenue share.

The railcar tracking and tracing segment is anticipated to expand at the highest CAGR of 10.2% over the forecast period. The growth can be attributed to the surge in demand for predictive maintenance of freight wagons to identify operational issues.

Based on component type, the market is segmented into telematics control units and sensors. The telematics control unit segment accounted for 60.48% of the overall market in 2020.

The sensors segment is anticipated to grow at a CAGR of 9.6% over the forecast period. The growth can be attributed to the notable rise in government initiatives and investment in the development of smart railway infrastructure.

Based on railcar, the market is categorized into hoppers, tank cars, well cars, boxcars, refrigerated boxcars, and others. The hoppers segment dominated the market in 2020 and accounted for more than 25.3% revenue share. The segment is anticipated to gain significant traction and retain dominance over the forecast period.

The refrigerated boxcars segment is projected to expand at the highest CAGR of 10.4% from 2021 to 2030. The increasing demand for refrigerated boxcars in various verticals, including healthcare, chemicals, and food and beverage, to transport goods is contributing to the growth of the segment.

Europe dominated the market in 2020 and accounted for over 40.0% share of the global revenue. The region is home to prominent players such as Siemens AG, Knorr-Bremse AG, and Alstom SA. These players focus majorly on partnering and collaborations with rail corporations in various countries.

Key Players

  • Siemens AG
  • Hitachi Ltd.
  • Alstom SA
  • Knorr-Bremse AG
  • Robert Bosch GmbH

Market Segmentation

  • Solution
    • Fleet Management
    • Automatic Stock Control
    • Remote Data Access
    • Railcar Tracking and Tracing
    • Others
  • Railcar
    • Hoppers
    • Tank Cars
    • Well Cars
    • Boxcars
    • Refrigerated Boxcars
    • Others
  • Component Type
    • Telematics Control Unit
    • Sensors
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Railway Telematics Market, By Solution

7.1.  Railway Telematics Market, by Solution, 2021-2030

7.1.1.    Fleet Management

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Automatic Stock Control

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Remote Data Access

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Railcar Tracking and Tracing

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Others

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Railway Telematics Market, By Railcar

8.1.  Railway Telematics Market, by Railcar, 2021-2030

8.1.1.    Hoppers

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Tank Cars

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Well Cars

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Boxcars

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Refrigerated Boxcars

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Others

8.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Railway Telematics Market, By Component Type

9.1.  Railway Telematics Market, by Component Type, 2021-2030

9.1.1.    Telematics Control Unit

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Sensors

9.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Railway Telematics Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Solution (2017-2030)

10.1.2.  Market Revenue and Forecast, by Railcar (2017-2030)

10.1.3.  Market Revenue and Forecast, by Component Type (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Solution (2017-2030)

10.2.2.  Market Revenue and Forecast, by Railcar (2017-2030)

10.2.3.  Market Revenue and Forecast, by Component Type (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Solution (2017-2030)

10.3.2.  Market Revenue and Forecast, by Railcar (2017-2030)

10.3.3.  Market Revenue and Forecast, by Component Type (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Solution (2017-2030)

10.4.2.  Market Revenue and Forecast, by Railcar (2017-2030)

10.4.3.  Market Revenue and Forecast, by Component Type (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Solution (2017-2030)

10.5.2.  Market Revenue and Forecast, by Railcar (2017-2030)

10.5.3.  Market Revenue and Forecast, by Component Type (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Component Type (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Solution (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Railcar (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Component Type (2017-2030)

Chapter 11.  Company Profiles

11.1.              Siemens AG

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Hitachi Ltd.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Alstom SA

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Knorr-Bremse AG

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Robert Bosch GmbH

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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