Track Geometry Measurement System Market Anticipated To Grow Rapidly

Published: 2024-09-24
Views: 48
Author: mansidesai
Published in: Business

Global Track Geometry Measurement System (TGMS) Market Size Was Valued at USD 3.54 Billion in 2023 and is Projected to Reach USD 5.38 Billion by 2030, Growing at a CAGR of 5.36 % From 2024-2032.
A Track Geometry Measurement System (TGMS) is a specialized technology used in the railway industry to assess and monitor the geometric parameters of rail tracks. It employs various sensors and measurement devices to collect data on parameters such as track gauge, alignment, curvature, cross-level, and vertical profile. By continuously monitoring these geometric features, TGMS helps railway operators ensure that tracks conform to safety standards and performance requirements. This technology plays a crucial role in maintaining rail infrastructure integrity, preventing accidents, optimizing train operations, and minimizing wear and tear on rolling stock.

Major Key Players Mentioned in this Premium Report

• Ensco, Inc. (U.S.)
• Trimble Inc. (U.S.)
• Bentley Systems (U.S.)
• Harsco Corporation (U.S.)
• Siemens Mobility GmbH (Germany)
• Goldschmidt Thermit Group (Germany)
• ERTMS Solutions (France)
• Fugro (Netherlands)
• Amberg Technologies AG (Switzerland)
• Egis (France)
• Plasser & Theurer (Austria)
• MERMEC Group (Italy)
• Balfour Beatty plc (UK)
• R. Bance & Co (UK), and Other Major Players

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The Track Geometry Measurement System (TGMS) market is characterized by fragmentation, with several players vying for market share. Intensifying competition is driven by major players' heavy investments in research and development to integrate advanced TGMS into railway infrastructure. Safety and security in railway transportation are focal points for these companies, prompting collaborative efforts with other TGMS manufacturers, as well as local and regional players. Through such collaborations, companies seek to gain a competitive advantage and expand their market presence.

Track Geometry Design Systems Market Trends

The use of fully automatic track geometry measurement systems is increasing as they provide real-time analysis and data analysis, reducing reliance on manual analysis This system increases operational efficiency by reducing human error on, provides continuous monitoring, and accurate measurements. Automation helps railroad operators maintain high safety standards and optimize maintenance schedules, ultimately resulting in cost savings and improved network connectivity

Integrating Internet of Things (IoT) devices and Artificial Intelligence (AI) into track geometry design dramatically increases data collection and analysis capabilities IoT devices provide real-time data from sensors when required by AI algorithms these data are analyzed to determine maintenance needs and early detection of potential problems this integration enables predictive-maintenance s does, reduces unexpected downtime and maintenance costs, and improves train performance well and safely.

Learn more about key segments shaping this market

By Type

• Gauge
• Twist
• Cant and Cant Deficiency
• Vertical Profile
• Curvature
• Others

By Operation Type

• Contactless
• Contact

By Railway Type

• High-Speed Railways
• Mass Transit Railways
• Heavy Haul Railways
• Light Railways

By Component

• Software
• Lighting Equipment
• Navigation Equipment
• Communication Equipment
• Computer
• Others

Geographic Coverage

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

In the Track Geometry Measurement System (TGMS) market, components are divided into hardware, software, and services. Hardware dominated the market in 2021, comprising lighting, communication, navigation, data storage equipment, cameras, sensors, and power supply components. These hardware elements facilitate automatic analysis of track data, comparison with track databases, report generation, and recommendations for railway operations.

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The global Track Geometry Measurement System (TGMS) market is segmented based on measurement type, component, offering type, operation type, and railway type.

• Measurement type segments include gauge, twist, cant & cant deficiency, vertical profile, curvature, alignment, dynamic cross-level, dipped joints, and others (further subdivided into cyclic top and inclination).
• Component segments consist of software, lighting equipment, navigation equipment, communication equipment, computer, camera, data storage, power supply equipment, and sensor (further divided into accelerometer and gyroscope).
• Offering type segments encompass hardware, software, and services.
• Operation type segments include no contact (further segmented into inertial based and chord based) and contact.
• Railway type segments comprise high-speed railways, mass transit railways, heavy haul railways, and light railways.

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Track Geometry Measurement System Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 3.54 billion

Revenue forecast in 2030

USD 5.38 billion

Growth Rate

CAGR of 5.36% from 2024 to 2032

Historic year

2017 - 2023

Base year for estimation

2023

Forecast period

2024 - 2032

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