Global Track Geometry Measurement System (TGMS) Market, By Measurement Type (Gauge, Twist, Cant & Cant Deficiency, Vertical Profile, Curvature, Alignment, Dynamic Cross-Level, Dipped Joints, Others), Component (Software, Lighting Equipment, Navigation Equipment, Communication Equipment, Computer, Camera, Data Storage, Power Supply Equipment, Sensor), Offering Type (Hardware, Software, Services), Operation Type (No Contact, Contact), Railway Type (High-Speed Railways, Mass Transit Railways, Heavy Haul Railways, Light Railways), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Track Geometry Measurement System (TGMS) Market
The track geometry measurement system (TGMS) market is expected to witness market growth at a rate of 6.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on track geometry measurement system (TGMS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industries globally is escalating the growth of track geometry measurement system (TGMS) market.
Track geometry measurement system (TGMS) refers to the technological accumulation of software solution and components, among other service models. These systems include the combination of various sensors, and other hardware components that are installed on different types of rail vehicles. They collect data regarding the rail tracks and infrastructural assets for identification and analysis of the requirement for maintenance and repair of these infrastructure.
The deployment of intelligent techniques in railways across the globe acts as one of the major factors driving the growth of track geometry measurement system (TGMS) market. The presence of various standards and regulations in railway industry and concerns regarding numerous mishaps and accidents involving trains prompting governments to digitize the mode of transport in order to ensure a safer journey accelerate the market growth. The high popularity of no contact track geometry measurement system and use of track geometry measurement systems for track maintenance in railway sector further influence the market. Additionally, growth in network of metro lines and high speed railway lines, rapid industrialization and growth in network of metro lines and high speed railway lines positively affect the track geometry measurement system (TGMS) market. Furthermore, rise in demand for smart technologies in order to maintain operational efficiency of tracks extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, lack of required infrastructure and inadequate infrastructural availability for the utilization of these systems are expected to obstruct the market growth. Concerns regarding the data privacy and its management due to the confidentiality nature are projected to challenge the track geometry measurement system (TGMS) market in the forecast period of 2021-2028.
This track geometry measurement system (TGMS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info track geometry measurement system (TGMS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Track Geometry Measurement System (TGMS) Market Scope and Market Size
The track geometry measurement system (TGMS) market is segmented on the basis of measurement type, component, offering type, operation type and railway type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of measurement type, the track geometry measurement system (TGMS) market is segmented into gauge, twist, cant & cant deficiency, vertical profile, curvature, alignment, dynamic cross-level, dipped joints and others. Others are further segmented into cyclic top and inclination.
- On the basis of component, the track geometry measurement system (TGMS) market is segmented into software, lighting equipment, navigation equipment, communication equipment, computer, camera, data storage, power supply equipment, and sensor. Sensor is further segmented into accelerometer and gyroscope.
- On the basis of offering type, the track geometry measurement system (TGMS) market is segmented into hardware, software and services.
- On the basis of operation type, the track geometry measurement system (TGMS) market is segmented into no contact and contact. No contact is further segmented into inertial based and chord based.
- On the basis of railway type, the track geometry measurement system (TGMS) market is segmented into high-speed railways, mass transit railways, heavy haul railways, and light railways.
Track Geometry Measurement System (TGMS) Market Country Level Analysis
The track geometry measurement system (TGMS) market is analyzed and market size, volume information is provided by country, measurement type, component, offering type, operation type and railway type as referenced above.
The countries covered in the track geometry measurement system (TGMS) market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the track geometry measurement system (TGMS) market due to the expansion of high-speed rails and mass transit system within the region. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the growing economies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Track Geometry Measurement System (TGMS) Market Share Analysis
The track geometry measurement system (TGMS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to track geometry measurement system (TGMS) market.
The major players covered in the track geometry measurement system (TGMS) market report are MER MEC S.p.A., Balfour Beatty, Plasser & Theurer, Siemens, R.Bance & Co Ltd., BENTLEY SYSTEMS, INCORPORATED, Goldschmidt Thermit Gmbh, Egis, DMA, KŽV, spol. s r.o., Vista Instrumentation LLC, Harsco Corporation, Trimble Inc., Amberg Technologies, Rail Vision Europe Ltd., Holland LP, ENSCO, Inc., and Fugro, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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