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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Hitachi Rail Limited was founded in 1999 and is headquartered in London, United Kingdom. The transportation company delivers railway components including high speed bullet trains and digital signalling infrastructure, among others.
Intermodal Telematics BV is a telematics solution provider that was founded in 1998 and is headquartered in Breda, Netherlands. The company specialises in building monitoring systems for railway wagons, tank containers, and trailers.
Alstom Holdings was established in 1988 and has its headquarters located in Paris, France. The company manufactures and sells transmission network products and transport infrastructure, among others and provides energy services.
Other railway telematics market players include Robert Bosch GmbH, Siemens AG, Trinity Industries, Inc., Savvy Telematics Systems AG, Railnova SA, and Orbcomm Inc., among others.
Railway Telematics Market Report Snapshots
Railway Telematics Market Size
Railway Telematics Market Analysis
Railway Telematics Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 6.64 billion in 2023.
The market is projected to grow at a CAGR of 8.00% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 13.20 billion by 2032.
The major market drivers include rising population, increasing industrialisation, and growing adoption of smart railcars.
The key trends fuelling the growth of the market include increased emphasis on railway safety and security and heavy investments by governments towards development of railway infrastructure.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant train types available in the market include passenger train and freight train.
The key players in the market are Hitachi Rail Limited, Intermodal Telematics BV, Alstom Holdings, Robert Bosch GmbH, Siemens AG, Trinity Industries, Inc., Savvy Telematics Systems AG, Railnova SA, and Orbcomm Inc., among others.
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