What is Rail Wheel Sensors Market?
Rail wheel sensors are widely used in the railway network to detect the presence of train direction, the arrival of a train, the direction of travel, speed, and many more. Increased focus on enhanced safety and getting a real-time update about track occupancy status will accelerate the demand for rail wheel sensors. Further, increasing urban rail transport systems in the Asian countries for easy mobility and solving traffic issues is likely to create significant opportunities for the market.
Highlights from Rail Wheel Sensors Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Frauscher Sensor Technology (Austria), Pintsch Tiefenbach GmbH (Germany), Sensor Solutions Corp. (United States), Lenord, Bauer & Co. GmbH (Germany), Siemens (Germany), Argenia Railway Technologies (United States), Honeywell (United States), Hitachi (Japan), NORIS Group GmbH (Germany), Altpro (Croatia) and Western-Cullen-Hayes Inc. (United States) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Rail Wheel Sensors market throughout the forecasted period.
Frauscher Sensor Technology (Austria), Pintsch Tiefenbach GmbH (Germany), Sensor Solutions Corp. (United States), Lenord, Bauer & Co. GmbH (Germany), Siemens (Germany), Argenia Railway Technologies (United States), Honeywell (United States), Hitachi (Japan), NORIS Group GmbH (Germany), Altpro (Croatia) and Western-Cullen-Hayes Inc. (United States) are some of the key players profiled in the study. Rail Wheel Sensors Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Train Locating, Direction Detection, Axle Counting and Others |
Type | Single Wheel Sensor and Double Wheel Sensor |
Use | Rail Transport Line,Urban Rail Transit |
On the basis of geography, the market of Rail Wheel Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Trend of Autonomous Technology and Technical Improvement in Railway Network
Market Growth Drivers:
Surging Demand of Rail Wheel Sensors for Smart Monitoring of Wheels and Increased Demand for Enhanced Safety in the Railway Sector
Challenges:
Challenges Related to Insufficient Insulation in Some Types of Sensors
Restraints:
Volatility in the Raw Material Prices and Ongoing Trade War Between the US and China
Opportunities:
High Growth of Urban Rail Line to Improve Mobility and Reduce Road Traffic
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Rail Wheel Sensor Manufacturers, Raw Material Providers, Government Bodies and Others
Market Leaders & Development Strategies
In 2019, Delachaux Group acquired Frauscher Sensor Technology, a technology leader for wheel detection, axle counting, and tracking solutions. Delachaux Group is a global leader in mission-critical engineered solutions and the acquisition of Frauscher will strengthen the portfolio and allow to provide sensor solutions to the rail industry.