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.
Presence of various standards and regulations in the railway industry
A growing network of railway lines
Lack of infrastructure
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
The track geometry measurement system market has been analyzed through the following segments:
By measurement type
By operation type
By railway type
Middle East and Africa