Market Overview:
The global train 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 train 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 into rail transport lineand urban rail transit . Rail transport lines are further classified into high-speed railwaysand conventional railways . Urban rail transit includes metros , light rails , monorails , and tramways . The North American region dominatesthe globaltrain wheelsensorsmarket dueto large investments made by governments in advanced transportation systems such as high-speed railwaysand urbantransit systems .
Product Definition:
Train Wheel Sensors are devices used to detect the presence of a train wheel on a railway track. They are important for safety reasons, as they can provide information about the position and speed of trains, which can be used to prevent accidents.
Single Wheel Sensor:
Single wheel sensor is a device used to measure the position of a vehicle's wheels. It consists of an inertia-driven gyroscope and accelerometer combination, which creates a pulse for every revolution of the wheel. The pulses are then amplified and sent to the computer where they are analyzed to determine vehicle speed.
Double Wheel Sensor:
Double wheel sensor is a device that is used to measure the position of the vehicle's two wheels simultaneously. It consists of an axle mounted on a shaft, which rotates as one unit and has sensors fixed at both ends. The main function of double wheel sensor is to ensure safety by detecting any obstacles in its path and warning the driver about the proximity of other vehicles or objects.
The market for double wheel sensors was dominated by Asian countries such as China, Japan,.
Application Insights:
The rail transport line application segment accounted for the largest share of over 50.0% in 2017. The segment is expected to witness significant growth owing to its extensive use in various applications such as train protection & safety, passenger information system, and automatic train control systems among others.
The urban rail transit segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand for high-speed trains with better speed capability and reliability in urban areas that require short headways between trains during peak hours. Moreover, increasing government funding towards the development of railways infrastructure across the globe will boost investments by railway operators resulting in increased deployment of URTs which subsequently drives market growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and urbanization, which has led to an increase in disposable income. This, in turn, is anticipated to fuel demand for high-end luxury vehicles such as trains. Moreover, increasing government initiatives for mass transit rail systems are projected to drive regional growth over the next eight years.
Europe was estimated at USD X million in 2017 and accounted for around 20% of the overall revenue share owing to early technology adoption by several prominent players operating within this industry vertical.
Growth Factors:
- Increasing demand for smart railways: The global market for smart railways is expected to grow at a CAGR of over 9% during the forecast period. This is primarily owing to the increasing demand for advanced and efficient transportation systems across the globe. Railways are considered as one of the most efficient and environment-friendly modes of transportation, which is why many countries are investing in upgrading their railway infrastructure. The installation of train wheel sensors can help improve the overall efficiency and safety of railway operations.
- Rising awareness about safety measures: With increasing incidents of accidents involving trains, there has been a rising awareness among passengers and authorities about the need for taking safety measures while travelling by train or operating trains respectively. One such measure is installing train wheel sensors that can provide real-time information on factors such as speed, location, and direction etc., which can help in taking timely corrective action in case of any deviation from normal operations.
- Growing adoption of digital technologies: The uptake of digital technologies has led to an increase in data generation across different industries, including transport sector. This provides an opportunity for sensor manufacturers to develop innovative solutions that can harness this data effectively and provide valuable insights to stakeholders involved in railway operations Such solutions include predictive maintenance algorithms that use machine learning techniques to predict failures before they occur thus helping operators take preventive actions accordingly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Train 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 Inc., Fersil, Altpro, Shenzhen Javs Technology, Argenia Railway Technologies Inc., 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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Train Wheel Sensors Market Report Segments:
The global Train 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 Inc.
- Fersil
- Altpro
- Shenzhen Javs Technology
- Argenia Railway Technologies Inc.
- Anhui Landun Photoelectron
- Beijing Railtechcn Technology
- Senchuan
Highlights of The Train 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 Train 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?
Train wheel sensors are a type of sensor that is used to detect the movement of trains. These sensors are often placed on the tracks near the train wheels in order to detect when the train has started moving and to keep track of its location.
Some of the major players in the train wheel sensors market are Frauscher Sensor Technology, Siemens, Honeywell, Pintsch Tiefenbach, Western-Cullen-Hayes Inc., Fersil, Altpro, Shenzhen Javs Technology, Argenia Railway Technologies Inc., Anhui Landun Photoelectron, Beijing Railtechcn Technology, Senchuan.
The train wheel sensors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Train 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 Train Wheel Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Train 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 Train 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 Train Wheel Sensors Market Size & Forecast, 2018-2028
4.5.1 Train Wheel Sensors Market Size and Y-o-Y Growth
4.5.2 Train Wheel Sensors Market Absolute $ Opportunity
Chapter 5 Global Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors 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 Train 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 Train 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 Train Wheel Sensors Analysis and Forecast
9.1 Introduction
9.2 North America Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America Train Wheel Sensors 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 Train Wheel Sensors 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 Train Wheel Sensors 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) Train Wheel Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Train Wheel Sensors 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) Train Wheel Sensors 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) Train Wheel Sensors 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 Train Wheel Sensors Market: Competitive Dashboard
14.2 Global Train 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 Inc.
14.3.6 Fersil
14.3.7 Altpro
14.3.8 Shenzhen Javs Technology
14.3.9 Argenia Railway Technologies Inc.
14.3.10 Anhui Landun Photoelectron
14.3.11 Beijing Railtechcn Technology
14.3.12 Senchuan
