As the global economy recovers in 2021 and the supply of the industrial chain improves, the Railway Telematics market will undergo major changes. The size of the railway telematics market in terms of value was estimated at approximately US$ 6,234.5 Mn in 2022. As per the market analysis report released by FMI, it is anticipated to register a CAGR of 7.1% from 2023 to 2033.

The global Railway Telematics industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.

The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Railway Telematics market during the next few years. The global Railway Telematics market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.

Highlights-Regions

The Railway Telematics market can be split based on product types, major applications, and important regions as follows:

North America
Europe
Asia Pacific
Latin America

Player list
Siemens AG
Alstom SA
Knorr-Bremse AG
Robert Bosch GmbH
Hitachi Ltd.
Intermodal Telematics
Intrex Telematics
ORBCOMM
Railnova
Savvy Telematics
Trinity Industries

Types list
Fleet Management
Automatic Stock Control
Shock Detection
Remote data access
Railcar tracking and tracing
Reefer Wagon Management
ETA
others

Application list
Passenger Train
Freight Train
Others