[Press Release] The number of tracking devices installed for railway freight cars is expected to reach 775,000 units in 2024 - According to Berg Insight.

According to a press release issued by Berg Insight on April 15, 2025, the market for real-time tracking solutions for locomotives, multiple units, and railway freight cars is expected to grow significantly in the coming years, with the global number of installations reaching 775,000 units by 2024. Data Resource Co., Ltd. handles the "Railway Telematics Market" research report, which is the source of this press release.
Press Release Summary (May 21, 2025)
According to Berg Insight's latest report, the number of tracking devices installed for railway freight cars is expected to reach 775,000 units worldwide by the end of 2024 and 1.3 million units by 2029, with an average annual growth rate of 11.2%. The proliferation of tracking devices is primarily driven by aftermarket products, with many major providers located in Europe and North America. The digitalization of railways contributes to reduced operational costs and improved safety, while the provision of real-time information enhances the quality of transportation services.
*Full press release
https://www.dri.co.jp/auto/report/berg/250521-the-railway-telematics.html#press

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You can view the full press release here as well.
For details of the research report, please refer to the URL above.
The data resource is an authorized distributor of Berg Insight.