Market Overview:
The global rail wheel sensors 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 urban rail transit and rising concerns for safety and security in the railway sector. The global rail wheel sensors market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into single wheel sensor and double wheel sensor. Single wheel sensors are more common as they are less expensive and easier to install as compared to double wheel sensors. However, double wheel sensors offer better accuracy than singlewheel sensors. On the basis of application,the market is divided intorail transport lineandurban rail transit .Rail transport lines are used for long-distance transportationof goods or passengers whileurban rail transit systemsare used for short-distance transportation within cities or towns .
Product Definition:
Rail wheel sensors are devices used to detect the presence of a train wheel on a railway track. The purpose of rail wheel sensors is to provide information about the location and speed of trains, which can be used to improve safety and efficiency.
Single Wheel Sensor:
Single wheel sensor is a device used to measure the position of a single wheel on rail vehicles. It can be either mechanical or electronic. The technology has evolved over time and now uses solid-state electronics for reliability, better performance, and cost reduction.
The market size was valued at USD 1,22 billion in 2016 and is expected to grow at an estimated CAGR of XX% from 2017 - 2025.
Double Wheel Sensor:
The double wheel sensor is a device that is used to measure the position of two wheels simultaneously. It consists of two sensors, which are mounted on a single axle and connected by cables. One cable carries the signal from one wheel to the other, while another cable carries power from the mainframe to both sensors. As soon as any obstacle appears in front of either set of wheels, signals are generated by its respective sensor and these signals are then sent over cables to the control unit for processing.
Application Insights:
The rail transport line application segment accounted for the largest revenue share of over 50% in 2017. This is attributed to the growing demand for advanced safety and security systems on account of increasing passenger traffic on a number of railways lines across the globe. The urban rail transit segment is expected to witness significant growth over the forecast period owing to rising investments by governments in public transportation systems, which are increasingly being recognized as an effective substitute for personal automobiles due to various advantages such as cost-effectiveness, environmental friendliness, energy efficiency and mobility.
In addition, increasing focus towards improving public transportation infrastructure globally has resulted in numerous projects focusing on railway networks that connect major cities with rapid transit systems along with high speed trains capable of traveling at speeds up to 300 km/h (186 mph). Such factors are projected to drive demand from urban rail transit applications over the forecast period.
Regional Analysis:
Europe dominated the global rail wheel sensors market in terms of revenue share in 2016. The presence of stringent regulations for infrastructure maintenance and development is expected to drive the demand for rail wheel sensors over the forecast period. In addition, increasing investments in metro and urban rapid transit systems are also anticipated to propel product demand over the next eight years. Asia Pacific is expected to witness significant growth owing to rising government initiatives pertaining railway safety norms implementation across various countries such as India, China, Japan and Australia among others.
Growth Factors:
- Increasing demand for rail wheel sensors from the transportation sector to improve safety and efficiency
- Rising adoption of rail wheel sensors in locomotives and freight cars for monitoring purposes
- Growing demand for intelligent transportation systems (ITS) that use rail wheel sensors for tracking and managing railway traffic flow
- Proliferation of automated train control systems that require reliable rail wheel sensor technology
- Increasing investments in research and development to develop new and innovative applications of rail wheel sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Wheel Sensors Market Research Report
By Type
Single Wheel Sensor, Double Wheel Sensor
By Application
Rail Transport Line, Urban Rail Transit
By Companies
Frauscher Sensor Technology, Siemens, Honeywell, Pintsch Tiefenbach, Western-Cullen-Hayes, Fersil, Altpro, Shenzhen Javs Technology, Argenia Railway Technologies, Anhui Landun Photoelectron, Beijing Railtechcn Technology, Senchuan
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Rail Wheel Sensors Market Report Segments:
The global Rail Wheel Sensors 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:
- Frauscher Sensor Technology
- Siemens
- Honeywell
- Pintsch Tiefenbach
- Western-Cullen-Hayes
- Fersil
- Altpro
- Shenzhen Javs Technology
- Argenia Railway Technologies
- Anhui Landun Photoelectron
- Beijing Railtechcn Technology
- Senchuan
Highlights of The Rail Wheel Sensors 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 Rail Wheel Sensors 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?
Rail wheel sensors are used to measure the speed, direction and position of a rail vehicle.
Some of the key players operating in the rail wheel sensors market are Frauscher Sensor Technology, Siemens, Honeywell, Pintsch Tiefenbach, Western-Cullen-Hayes, Fersil, Altpro, Shenzhen Javs Technology, Argenia Railway Technologies, Anhui Landun Photoelectron, Beijing Railtechcn Technology, Senchuan.
The rail wheel sensors 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 Rail Wheel Sensors 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 Rail Wheel Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rail Wheel Sensors 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 Rail Wheel Sensors 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 Rail Wheel Sensors Market Size & Forecast, 2020-2028
4.5.1 Rail Wheel Sensors Market Size and Y-o-Y Growth
4.5.2 Rail Wheel Sensors Market Absolute $ Opportunity
Chapter 5 Global 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 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 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 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 Rail Wheel Sensors 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 Rail Wheel Sensors 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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) 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 Rail Wheel Sensors Market: Competitive Dashboard
14.2 Global Rail Wheel Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Frauscher Sensor Technology
14.3.2 Siemens
14.3.3 Honeywell
14.3.4 Pintsch Tiefenbach
14.3.5 Western-Cullen-Hayes
14.3.6 Fersil
14.3.7 Altpro
14.3.8 Shenzhen Javs Technology
14.3.9 Argenia Railway Technologies
14.3.10 Anhui Landun Photoelectron
14.3.11 Beijing Railtechcn Technology
14.3.12 Senchuan
