Track Geometry Measurement System Market Size, Share, Opportunities, And Trends By Measurement Type (Gauge, Twist, Vertical Profile, Others), By Operation Type (Contact, No-contact), By Railway Type (High Speed, Mass Transit, Heavy Haul, Light), By Component (Sensor, Camera, Data Storage, Others) And Geography - Forecasts From 2019 To 2024

Track Geometry Measurement System is used to measure the geometry parameters of a railway track. The system provides precise and reliable data in order to schedule short term and long-term maintenance of tracks and thus avoid train accidents. The Track Geometry Measurement System market is expected to have a significant market growth due to the presence of a number of standards and regulations in the railway industry and the increasing demand for TGMS system to comply with them. Demand for the system is growing for maintenance of a growing network of railway lines which is further expected to drive the market growth. But the lack of required infrastructure for application of the system is expected to be a restraint for market growth. By measurement type, the vertical profile is expected to have a significant market growth as this parameter is crucial for maintaining the operational efficiency of a rail. By operation type, no-contact based systems segment is expected to have a significant market share as it ensures high efficiency with the use of advanced technologies. By geography, APAC region is estimated to have a notable market share due to the rapid expansion of high speed and mass transit railway network.

DRIVERS

Presence of various standards and regulations in the railway industry

A growing network of railway lines

RESTRAINTS

Lack of infrastructure

INDUSTRY UPDATE

In September 2018, Italian company DMA partnered with Siemens Mobility to develop solutions intended to optimise rail infrastructure management. The collaboration would enable the combination of DMA’s inspection solutions and TracksNet measurement data analysis tool with Siemens’ Railigent application suite into the track geometry dashboard.

In October 2018, Welding and maintenance specialist Goldschmidt Thermit Group acquired Prüftechnik Linke & Rühe, a Magdeburg-based company which provides eddy current and ultrasonic inspection technology for the rail, automotive and aerospace markets

SEGMENTATION

The track geometry measurement system market has been analyzed through the following segments:

By measurement type

Gauge

Twist

Vertical profile

Others

By operation type

Contact

No-contact

By railway type

High speed

Mass transit

Heavy haul

Light

By component

Sensor

Camera

Data Storage

Others

By Geography

North America

USA

Canada

Mexico 

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others