Track geometry is a three-dimensional geometry of track layouts and related dimensions used in the design, construction and maintenance of rail tracks. It is used for speed limits and other track gauge, alignment, elevation, curvature and track surface regulations. While the geometry of the tracks is three-dimensional by nature, it is represented in two different horizontal and vertical layouts. The demand for track geometry measurement systems is highly driven by driving factors such as the increased demand for track geometry measurement systems from high-speed rail and mass transit rail, existence of various standards and regulations in the rail industry, the usage of track geometry measurement systems for track maintenance, the development of metro lines and high-speed rail lines, the high popularity of non-contact track geometry measurement systems and the implementation of intelligent techniques in the rail sector. On the other hand, the lack of infrastructure needed is having a negative effect on the growth of this sector in the current market scenario.
Balfour Beatty, BENTLEY SYSTEMS, INCORPORATED, and Deutzer Technische Kohle GmbH – PROMINENT MARKET PARTICIPANTS IN TRACK GEOMETRY MEASUREMENT SYSTEM MARKET
Balfour Beatty, BENTLEY SYSTEMS, INCORPORATED, and Deutzer Technische Kohle GmbH are some of the key market players operating in the global track geometry measurement system market. The listing of key players is derived by considering multiple factors such as overall revenue, current track geometry measurement system solution portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the track geometry measurement system ecosystems which were studies analyzed during the course of this market research study, such as, ENSCO, Inc., E.S.I.M. Srl, Fugro, Goldschmidt, Plasser & Theurer, R.Bance & Co Ltd, MERMEC Inc., and NEXTSENSE GmbH among others. Further, in 2019, NorthStar Earth & Space Inc. entered into a strategic partnership with SpecTIR Hyperspectral & Remote Sensing Solutions of Reno, Nevada to deliver complete hyperspectral imaging services. SpecTIR’s airborne hyperspectral image services will complement space-based hyperspectral image services delivered by NorthStar, the world’s first global information platform to monitor Earth, its environment and near-space.
Most of the market initiatives were observed in North America and Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Region |
| 2020 | ENSCO Rail Autonomous Track Geometry Measurement System was recently featured in the March and April technology roundups on progressiverailroarding.com. ENSCO Rail Autonomous Track Geometry Measurement System can be installed on locomotives, passenger, and freight cars. The system is cited as a way for railway maintenance operators to inspect track with reduced costs, increased frequency and speed, and without any impact on railway traffic flow. Progressive Railroading magazine and its website progressiverailroading.com are leading provider of news and information on the rail industry. | North America |
| 2020 | Fugro’s unique train-borne track measurement system, RILA, has received approval from Network Rail for the use in platform gauging and would support current and future route-wide surveys. The system helps reduce the requirement for manual surveying, and the associated reduction in risk to staff is an added advantage. | Europe |
| 2020 | Goldschmidt presented its new brand identity. One hundred twenty-five years after the patenting of the Thermit welding process on March 13, 1895, the family-owned company united all of the group companies under the Goldschmidt brand. As the leading provider of products and services for the modern construction of railway track, the inspection of track infrastructure and its maintenance, joining rails, Goldschmidt has identified massive potential through the increased investments globally in passenger and freight services.
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Global |
