Track Geometry Measurement System Market Latest Trends and Analysis Future Growth Study by 2028

Track Geometry Measurement System Market – Introduction

The penetration of technology in the railway industry has opened new avenues for the progress of the railway network. The track geometry measurement system is one such technology that combines track geometry systems with rail profiles to obtain measurements of both using a single instrument. Witnessing the high adoption rate, TGMS manufacturers have improved the accuracy and longevity of these systems in addition to downsizing to provide ease of installation, which is expected to further boost the sales of these systems.

With growing concerns about railway hazards, there has been a notable demand for efficient systems that can maintain railway tracks, which has been met by TGMS. However, the lack of appropriate infrastructure for the installation of track geometry measurement systems market could act as a deterrent. By analyzing the drivers, challenges, opportunities, and threats, the track geometry measurement systems market is estimated at over USD 3 billion in 2019.

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Track Geometry Measurement System Market – New Developments

  • In February 2019, Balfour Beatty announced that Transport of London had commissioned it to develop and deliver a 1,047 kilometer London Underground network. The authority will invest essential assets to complete the completion of a robust underground transmission network. At the same time, Balfour Beatty will introduce new standards and technologies to ensure the safe delivery of the network without any disruption to the traveling public.
  • In May 2018, Network Rail awarded Balfour Beatty a 5-year responsive, civil build contract. Under the contract, the company will be responsible for carrying out repairs to the rail infrastructure from London to Penzance, as well as the Great Western route. The contract will help the company deliver better and reliable trips to travelers with the utmost security.
  • In November 2017, ENSCO Rail was awarded a contract by Canadian Pacific, under which the company will provide robust inspection systems for the evaluation car. These cars will be the newest additions to CP’s fleet and will be well equipped with emerging track geometry measurement and imaging system technology.

Some of the prominent competitors operating in the competitive landscape of the Global Track Geometry Measurement Systems Market include-

  • SEA MEC SpA
  • AEGIS
  • Fugro
  • Balfour Beatty
  • Goldschmidt Thermit Group
  • Bentley Systems Inc.
  • Plasser & Théurer
  • MRX Technologies
  • R. Bance & Co. Ltd.
  • Ensco Inc.
  • Siemens
  • Rail Vision Europe
  • Amberg Technologies
  • ZG Optical
  • Vista Instrumentation LLC
  • Kžv
  • Spol.
  • sro
  • Trimble
  • Harsco Company
  • Deutzer Technische Kohle
  • AMD
  • Holland LP

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Track Geometry Measurement System Market – Dynamics

Compliance with many standards set by the government to reflect the size of the market

With growing concerns about railway safety and technological advancements in the realm of the railway industry itself, the government of many countries have enforced laws and regulations that indicate the need to comply with the standards set by the government. As a result, the players operating in the market have crafted innovations to meet end-use industry requirements as well as comply with standard guidelines, thereby boosting the desirability of these systems, which is expected to be good. bodes well for growth. of the track geometry measurement systems market in the coming years.

Metro projects underway in developing countries to keep demand for TGMS constant

One of the major reasons fueling the growth of the track geometry measurement systems market is the increasing demand for metro networks in developing countries. With several ongoing metro projects, there has been a significant increase in the demand for track geometry measurement systems for the development of a strong railway network, which is expected to fuel the growth of the track geometry measurement systems market. track geometry.

Asia-Pacific will remain a leading market for track geometry measurement systems

Asia-Pacific offers promising growth prospects for the track geometry measurement systems market, owing to advancements in mass transit systems and high-speed trains in countries like India and China . Among other countries located in APAC, China is expected to account for a major share of the track geometry measurement systems market, which is attributed to the development of a streamlined transportation network.

Japan is also contributing to the steady growth of the track geometry measurement market in Asia-Pacific with the steady development of the high-speed rail network. The demand for track geometry measurement system is expected to surge in India, due to a number of ongoing metro rail projects in this region. Due to massive contribution from regional markets, Asia-Pacific is expected to remain one of the leading markets for track geometry measurement systems in the coming years.

Runway Geometry Measurement Systems Market – Segmentation

The Track Geometry Measurement Systems Market can be fragmented on the basis of:

  • Type of measurement
  • Type of operation
  • type of railway
  • Making up

Runway Geometry Measurement Systems Market Segmentation – By Measurement Type

Based on the type of measurement, the Track Geometry Measurement Systems market can be divided into:

  • Gauge
  • Turn
  • Cant and cant deficit
  • vertical profile
  • Curvature
  • Alignment
  • Dynamic cross-level
  • Hardened gaskets
  • Others

Track Geometry Measurement System Market Segment By Type

Based on the type of operation, the Track Geometry Measurement System Market can be categorized into:

  • no contact
  • Inertia-based
  • Based on chords
  • Contact

Track Geometry Measurement System Market Segmentation – By Railway Type

On the basis of railway type, the track geometry measurement systems market can be fragmented into:

  • High speed railways
  • Transit railways
  • Heavy haul railways
  • Light railways

Track Geometry Measurement System Market Segmentation – By Component

Depending on the component, track geometry measurement systems can be divided into:

  • Software
  • Lighting equipment
  • Navigation equipment
  • Communications equipment
  • Computer
  • Camera
  • Data storage
  • Feeding equipment
  • Sensor
  • Accelerometer
  • Gyroscope

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