Market Overview:
The global passive railway wheel sensor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for rail transport and urban rail transit. Additionally, the growing adoption of advanced technologies is also contributing to the growth of this market. The global passive railway wheel sensor market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into single wheel sensors and double wheel sensors. By application, it can be classified into rail transport line and urban rail transit. Region-wise, it can be analyzed across North America, Latin America, Europe Asia Pacific (APAC), and Middle East & Africa (MEA).
Product Definition:
A passive railway wheel sensor is a device that can be used to detect the presence of a train on a track. This type of sensor is commonly used in level crossings and other areas where it is important to know when there is a train present. The importance of this type of sensor lies in its ability to provide an early warning indication that a train is approaching, which can help to prevent accidents.
Single Wheel Sensor:
Single wheel sensor is a device used to measure the rotation speed of a vehicle. It is mounted on the rail of railway wheels and its signal reflects back to the train control system, which then controls the speed of movement. The single wheel sensors are installed at regular intervals along with an optical fiber cable along with it so that it can feed information into the train control system.
The global passive railway wheel sensor market size was valued at USD 548.1 million in 2016.
Double Wheel Sensor:
The double wheel sensor is a device used to measure the deflection of railway wheels. It consists of two identical sets of sensors mounted on parallel tracks, one facing forward and the other backward. The track facing backward provides information about the rearward wheel position while the track facing forward provides information about frontward wheel position.
Double Wheel Sensor has an advantage over conventional single Wheel Sensor as it can provide accurate measurement for both forward.
Application Insights:
Rail transport line was the dominant application segment in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing adoption of PLC based train control systems and growing emphasis on improving railway safety.
The urban rail transit segment is estimated to register a CAGR exceeding 7% from 2018 to 2030, attributed largely towards growing public transportation usage and favorable government initiatives for developing rail transit systems.
Passive railway wheel sensor market by region, 2016 (%) Passive railway wheel sensors are used as an alternative solution compared with their active counterparts due to their low power consumption and small size footprint which enables integration with existing infrastructure without affecting the aesthetics of stations or trains.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major railway networks, such as Keretapi Tanah Melayu (KTM), China Railways, Taiwan High Speed Rail Corporation, Japan Railway Company Ltd., Korea Electric Railway Corp., and China Guangzhou East Road Group Co. Ltd., has contributed to regional growth. Moreover, increasing investments in metro projects by governments of India and Tokyo are anticipated to drive demand for these sensors over the next eight years.
Growth Factors:
- Increasing demand for railway transportation: The increasing population and the consequent increase in the number of passengers and goods transported by railways are some of the primary growth drivers for the passive railway wheel sensor market.
- Technological advancements: The introduction of new technologies, such as intelligent transportation systems (ITS), is aiding in the growth of this market. These systems make use of sensors to collect data about traffic congestion, accidents, and other factors that can impact travel time or safety. This information is used to improve traffic flow and optimize resources.
- Government initiatives: Governments around the world are investing in railway infrastructure development projects as a means to spur economic growth. This is resulting in an increase in demand for passive railway wheel sensors, which are essential components of these projects’ safety measures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passive Railway Wheel Sensor Market Research Report
By Type
Single Wheel Sensor, Double Wheel Sensor
By Application
Rail Transport Line, Urban Rail Transit
By Companies
Altpro, Argenia Railway Technologies Inc., Fersil, Frauscher Sensor Technology, Pintsch Tiefenbach, Thales Group, Western-Cullen-Hayes Inc., Beijing Railtechcn Technology, Honeywell, Shenzhen Javs Technology, Senchuan, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Passive Railway Wheel Sensor Market Report Segments:
The global Passive Railway Wheel Sensor market is segmented on the basis of:
Types
Single Wheel Sensor, Double Wheel Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rail Transport Line, Urban Rail Transit
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Altpro
- Argenia Railway Technologies Inc.
- Fersil
- Frauscher Sensor Technology
- Pintsch Tiefenbach
- Thales Group
- Western-Cullen-Hayes Inc.
- Beijing Railtechcn Technology
- Honeywell
- Shenzhen Javs Technology
- Senchuan
- Siemens
Highlights of The Passive Railway Wheel Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Wheel Sensor
- Double Wheel Sensor
- By Application:
- Rail Transport Line
- Urban Rail Transit
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passive Railway Wheel Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A passive railway wheel sensor is a type of sensor that uses the rotation of a railway wheel to detect movement. This type of sensor is often used in locomotives and other rail vehicles to track the location and movement of objects on the tracks.
Some of the major companies in the passive railway wheel sensor market are Altpro, Argenia Railway Technologies Inc., Fersil, Frauscher Sensor Technology, Pintsch Tiefenbach, Thales Group, Western-Cullen-Hayes Inc., Beijing Railtechcn Technology, Honeywell, Shenzhen Javs Technology, Senchuan, Siemens.
The passive railway wheel sensor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passive Railway Wheel Sensor Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Passive Railway Wheel Sensor Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Passive Railway Wheel Sensor Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Passive Railway Wheel Sensor Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Passive Railway Wheel Sensor Market Size & Forecast, 2018-2028 4.5.1 Passive Railway Wheel Sensor Market Size and Y-o-Y Growth 4.5.2 Passive Railway Wheel Sensor Market Absolute $ Opportunity
Chapter 5 Global Passive Railway Wheel Sensor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Passive Railway Wheel Sensor Market Size Forecast by Type
5.2.1 Single Wheel Sensor
5.2.2 Double Wheel Sensor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passive Railway Wheel Sensor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Passive Railway Wheel Sensor Market Size Forecast by Applications
6.2.1 Rail Transport Line
6.2.2 Urban Rail Transit
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passive Railway Wheel Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passive Railway Wheel Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Passive Railway Wheel Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Passive Railway Wheel Sensor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Passive Railway Wheel Sensor Market Size Forecast by Type
9.6.1 Single Wheel Sensor
9.6.2 Double Wheel Sensor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Passive Railway Wheel Sensor Market Size Forecast by Applications
9.10.1 Rail Transport Line
9.10.2 Urban Rail Transit
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Passive Railway Wheel Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Passive Railway Wheel Sensor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Passive Railway Wheel Sensor Market Size Forecast by Type
10.6.1 Single Wheel Sensor
10.6.2 Double Wheel Sensor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Passive Railway Wheel Sensor Market Size Forecast by Applications
10.10.1 Rail Transport Line
10.10.2 Urban Rail Transit
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Passive Railway Wheel Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passive Railway Wheel Sensor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Passive Railway Wheel Sensor Market Size Forecast by Type
11.6.1 Single Wheel Sensor
11.6.2 Double Wheel Sensor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Passive Railway Wheel Sensor Market Size Forecast by Applications
11.10.1 Rail Transport Line
11.10.2 Urban Rail Transit
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Passive Railway Wheel Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Passive Railway Wheel Sensor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Passive Railway Wheel Sensor Market Size Forecast by Type
12.6.1 Single Wheel Sensor
12.6.2 Double Wheel Sensor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Passive Railway Wheel Sensor Market Size Forecast by Applications
12.10.1 Rail Transport Line
12.10.2 Urban Rail Transit
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Passive Railway Wheel Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passive Railway Wheel Sensor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Passive Railway Wheel Sensor Market Size Forecast by Type
13.6.1 Single Wheel Sensor
13.6.2 Double Wheel Sensor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Passive Railway Wheel Sensor Market Size Forecast by Applications
13.10.1 Rail Transport Line
13.10.2 Urban Rail Transit
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passive Railway Wheel Sensor Market: Competitive Dashboard
14.2 Global Passive Railway Wheel Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Altpro
14.3.2 Argenia Railway Technologies Inc.
14.3.3 Fersil
14.3.4 Frauscher Sensor Technology
14.3.5 Pintsch Tiefenbach
14.3.6 Thales Group
14.3.7 Western-Cullen-Hayes Inc.
14.3.8 Beijing Railtechcn Technology
14.3.9 Honeywell
14.3.10 Shenzhen Javs Technology
14.3.11 Senchuan
14.3.12 Siemens