Track Geometry Measurement System Market

Railway transportation plays an important role in modern societies. And as the demand for goods and passengers increases, higher-speed trains with heavier axle loads are introduced to the railway system, which is expected to continue. Therefore, it is important to constantly inspect railway tack to find geometry errors and prepare for maintenance procedures ahead of time. Track geometry examination significantly impacts railway tracks’ availability and maintenance costs.

The global track geometry measurement system market was valued at USD 3.31 billion in 2022 and is expected to grow to USD 5.48 billion at a CAGR of 5.2% during the forecast period by 2032.

What is Track Geometry?

Track geometry is crucial for rail network planning, construction, and maintenance. It is the track layouts’ three-dimensional geometry. Additionally, track geometry considers several measurements and standards, including speed limitations and other rules about track alignment, gauge, curvature, elevation, and surface. The construction, upkeep, and optimization of rail networks to meet ideal track geometry promote passenger safety and prompt rail freight delivery.

The Increasing Demand to Digitalize Transportation

Regularly checking and analyzing railway geometry assists in preventing derailments that could result in significant damage. The growing demand for security and protection in rail transit, along with the development of rail networks and metro lines, is one of the primary factors driving track geometry measurement system market growth. Numerous tragedies and mishaps involving trains have caused concern around the globe and prompted governments to digitize the mode of transportation to offer safer travel. 

Furthermore, the increasing need for smart technology to maintain the operational efficacy of tracks is one of the other elements influencing industry growth.

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The Software Section is Expected to Grow Fastest

The hardware segment previously dominated the market for track geometry measuring systems, but it is projected that the software segment will grow faster over the forecast period. All gathered data is evaluated in real-time, recorded, and saved for examination and planning of the track’s routine maintenance and restoration work. The system’s software makes it possible to generate reports, make recommendations for managing and operating railway units, and automatically compare data from the track section’s database with data on the actual condition of the rails.

Contact TGMS Sector Holds the Influential Share

Contact Based TGMS uses sensors to assess a railway track’s geometry and delivers data for study and maintenance. The technology may be used for everything from top-speed to small rail systems and can be installed on new and ancient railway lines. In terms of accuracy, contact-based systems perform better than non-contact ones.

Furthermore, it’s anticipated that the contactless market will expand significantly. It is possible to measure the geometry of a railway track without touching it using a non-contact-based TGMS. An automobile driving along the route has sensors to do this. The sensor data is then further processed to create a three-dimensional representation of the track.

Asia Pacific Accelerates the Market

The increased adoption of cutting-edge technologies is accelerating the market’s growth in the Asia Pacific region. Due to the region’s public transport networks, the rapid expansion of high-speed trains in China and India, and other railway improvements in countries like China, Australia, and India, track geometry measuring devices are becoming more common. The rapid proliferation of metro lines also hastens regional growth. These countries are projected to drive the Asia Pacific market over the forecast period significantly.

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Moreover, North America is predicted to grow quickly due to the rail transportation industry’s evolving regulatory safety standards. In August 2022, American companies RailPod and STANLEY Infrastructure will work together to combine RailPod’s rail inspection technology with the industrial tool and clientele of STANLEY Infrastructure.

The Bottom Line

The railway is a nasty environment, particularly for the rail track! To ensure railways’ safe running, checks are required to consider where maintenance or renewal is required. Engineers need to “plug in” the data to remove information about where and why the network is critical, resulting in the market growth in track geometry measurement system.

By Sonia Javadekar

Sonia is a poised content writer with five years of experience in the same. She is an avid writer with getting her work published for an audience to read and share. She strives to develop content that spreads brand awareness and induces consumers to click on the website that she wrote for after searching for a keyword. Her experience in content writing has permitted her to work with clients in market research industry. My passions include reading, writing and classical dance.