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In 2022, the market for railway telematics was valued at USD 11.26 billion. From 2023 to 2030, it is anticipated to increase at a compound annual growth rate (CAGR) of 6.7%. The market expansion is predicted to be supported by the spike in demand for a secure, reliable, and efficient transportation system. Because of improved telematics technology, advanced transport systems are less likely to experience deaths, which supports the growth. However, while most of the countries were in lockdown owing to the COVID-19's global spread during the first half of 2020, transit and freight activity temporarily slowed down as a result.
The two key drivers that are projected to fuel demand for the railway telematics market are the growing demand for the digitization of railcar monitoring and the expansion of rail freight traffic. For instance, with Singapore's Urbalis signalling system, Alstom SA and SBS TRANSIT LTD, a North East Line (NEL) bus operator business, inked a Long-Term Services Support (LTSS) deal in November 2022. This new agreement demonstrates Alstom's growing influence and persistent commitment to localising key competences within Singapore while preserving train dependability. The NEL system is the world's first fully automated underground heavy metro system. Starting in 2023, Alstom will offer technical know-how and on-site maintenance services for the NEL fleet as part of the LTSS.
Rail corporations, rail management firms, insurance firms, and other organisations largely use railway telematics systems to track the whereabouts and actions of railcars. For instance, the Centre for Development of Telematics (C-DOT) and the Indian Ministry of Railways committed to modernise communications infrastructure related to operations and safety in April 2022. The agreement intends to establish a collaborative working relationship for resource sharing and coordination between the ministry and C-DOT. C-DOT and the government worked together to modernise telecommunication in the national transporter for safety and security services using LTE-R, a next-generation communications network especially made for railway services.
The increase in funding for railway construction and the rise in demand for more secure, safe, and effective transportation systems support the expansion of the industry on a global scale. The development of smart cities is being facilitated by the expanding urbanisation of the world. Globally, government agencies are considering a range of smart city projects to create improved transport infrastructure and speed up business operations for public transport services. The COVID-19 virus's widespread propagation had a severe negative effect on the market in the first half of 2020. Due to the shutdown limitations implemented by many governments around the world during the first half of 2020, the logistics and freight activities were temporarily shut down. Market expansion was limited by trade restrictions implemented all over the world as a result of the increasing COVID-19 cases. However, it is projected that during the forecast period, there would be a rise in demand for railway telematics systems to manage freight and transportation efficiently.
Report Coverage
Global Railway Telematics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Railway Telematics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Railway Telematics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Railway Telematics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Railway Telematics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Railway Telematics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Hitachi Ltd.; Siemens AG; Robert Bosch GmbH; Knorr-Bremse AG; Alstom SA; A1 Digital; Rail nova SA; SAVVY Telematics Systems AG; Wabtec Corporation; Amsted Industries; Orbcomm
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Railway Telematics market based on the below-mentioned segments:
Global Railway Telematics Market, By Solution
Fleet Management
Automatic Stock Control
Remote Data Access
Railcar Tracking And Tracing
Others
Global Railway Telematics market, By Component
Telematics Control Unit
Sensors
Global Railway Telematics Market, By Railcar
Hoppers
Tank Cars
Well Cars
Boxcars
Refrigerated Boxcars
Others
Global Railway Telematics market, Regional Analysis
The two key drivers that are projected to fuel demand for the railway telematics market are the growing demand for the digitization of railcar monitoring and the expansion of rail freight traffic. For instance, with Singapore's Urbalis signalling system, Alstom SA and SBS TRANSIT LTD, a North East Line (NEL) bus operator business, inked a Long-Term Services Support (LTSS) deal in November 2022. This new agreement demonstrates Alstom's growing influence and persistent commitment to localising key competences within Singapore while preserving train dependability. The NEL system is the world's first fully automated underground heavy metro system. Starting in 2023, Alstom will offer technical know-how and on-site maintenance services for the NEL fleet as part of the LTSS.
Rail corporations, rail management firms, insurance firms, and other organisations largely use railway telematics systems to track the whereabouts and actions of railcars. For instance, the Centre for Development of Telematics (C-DOT) and the Indian Ministry of Railways committed to modernise communications infrastructure related to operations and safety in April 2022. The agreement intends to establish a collaborative working relationship for resource sharing and coordination between the ministry and C-DOT. C-DOT and the government worked together to modernise telecommunication in the national transporter for safety and security services using LTE-R, a next-generation communications network especially made for railway services.
The increase in funding for railway construction and the rise in demand for more secure, safe, and effective transportation systems support the expansion of the industry on a global scale. The development of smart cities is being facilitated by the expanding urbanisation of the world. Globally, government agencies are considering a range of smart city projects to create improved transport infrastructure and speed up business operations for public transport services. The COVID-19 virus's widespread propagation had a severe negative effect on the market in the first half of 2020. Due to the shutdown limitations implemented by many governments around the world during the first half of 2020, the logistics and freight activities were temporarily shut down. Market expansion was limited by trade restrictions implemented all over the world as a result of the increasing COVID-19 cases. However, it is projected that during the forecast period, there would be a rise in demand for railway telematics systems to manage freight and transportation efficiently.
Report Coverage
Global Railway Telematics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Railway Telematics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Railway Telematics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Railway Telematics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Hitachi Ltd.; Siemens AG; Robert Bosch GmbH; Knorr-Bremse AG; Alstom SA; A1 Digital; Rail nova SA; SAVVY Telematics Systems AG; Wabtec Corporation; Amsted Industries; Orbcomm |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Railway Telematics Market from 2021 to 2030.
- Market Forecast for Railway Telematics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Railway Telematics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Railway Telematics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Railway Telematics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Railway Telematics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Hitachi Ltd.; Siemens AG; Robert Bosch GmbH; Knorr-Bremse AG; Alstom SA; A1 Digital; Rail nova SA; SAVVY Telematics Systems AG; Wabtec Corporation; Amsted Industries; Orbcomm
Primary Target Market
- Market Players of Railway Telematics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Railway Telematics market based on the below-mentioned segments:
Global Railway Telematics Market, By Solution
Fleet Management
Automatic Stock Control
Remote Data Access
Railcar Tracking And Tracing
Others
Global Railway Telematics market, By Component
Telematics Control Unit
Sensors
Global Railway Telematics Market, By Railcar
Hoppers
Tank Cars
Well Cars
Boxcars
Refrigerated Boxcars
Others
Global Railway Telematics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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