Track Digital Axle Counter Market By Component (Wayside Axle Counter, On-rail Axle Counter), By Application (Railway, Urban Rail Transit): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global track digital axle counter market size was valued at $3,45,200.2 thousand in 2022 and is projected to reach $9,03,527.2 thousand by 2032, registering a CAGR of 10.1% from 2023 to 2032. Track digital axle counters are railway signaling equipment, which primarily consists of axle sensors, and evaluator along with some other devices. The axle sensor senses the passing of wheels on the track and the evaluator, along with other devices, counts and analyses the data. Track digital axle counter helps in precisely analyzing the presence of the train in a section.
Track digital counter is a relatively newer technology used for the signaling for the railways. Prior to this technology, track circuits were prevalent. Track circuits are susceptible to adverse weather conditions, such as snow, rain, and extreme temperatures. Accumulation of snow or water on the track can interfere with ability of the circuit to detect trains accurately. In addition, traditional track circuits can only provide train detection at specific points along the track. Such vulnerabilities have been addressed in digital axle counters, as they are easy to install, and process a large volume of information which is useful for the train controllers. Owing to the superiority of digital axle counters over other comparable technologies, it propels its demand among rail operators. Furthermore, the expansion of railway infrastructure in various countries caters to the increase in requirement of efficient and affordable transportation of goods as well as passengers over short and longer distances.
However, the high initial cost of digital axle trackers and complex maintenance hinder the growth of the market. Furthermore, advancement in technology pertaining to digital axle counters is anticipated to provide lucrative opportunities for the growth of the track digital axle counter market.
Moreover, the price of oil & gas and the price of raw materials have experienced increased volatility globally, due to an economic downfall in major countries mainly driven by Ukraine–Russia war. This has led to slow-paced growth of the track digital axle counter market and its related industries.
The track digital axle counter market is segmented on the basis of component, application, and region. On the basis of component, the market is bifurcated into wayside axle counter, and on-rail axle counter. On the basis of application, it is bifurcated into railway, and urban rail transit. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, the UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Key companies profiled in the track digital axle counter market report include ALTPRO, CLEARSY, Eldyne Electro Systems Pvt. Ltd., Frauscher Sensor Technology Group, Schaltbau Holding AG, Voestalpine AG, Siemens AG, Thales Group, Applied Electro Magnetics, G.G.Tronics India Pvt. Ltd., HBL Power Systems Ltd, Kernex Microsystems (India) Ltd., Central Electronics Ltd., Scheidt and Bachmann GmbH, Alstom SA (Alstom Transport India Limited), Medha Servo Drives Private Limited, Lab to Market Innovations Private Limited, Ircon International Limited, Argenia Railway Technologies, and Nippon Signal Co., Ltd. (Nippon Signal India Private Limited). The major players that operate in the global market are constantly innovating their offerings and collaborating with railway companies to sustain the stiff competition in the market.
Key benefits for stakeholdersThe report provides an extensive analysis of the current and emerging track digital axle counter market trends.
In-depth track digital axle counter market analysis is conducted by constructing market estimations for key market segments between 2022 and 2032.
Extensive analysis of the track digital axle counter market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The track digital axle counter market revenue and volume forecast analysis from 2023 to 2032 is included in the report.
The key players within the track digital axle counter market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the track digital axle counter industry.
Manufacturing Capacity
Technology Trend Analysis
Go To Market Strategy
New Product Development/ Product Matrix of Key Players
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
SWOT Analysis
Volume Market Size and Forecast
Key Market SegmentsBy ComponentWayside Axle Counter
On-rail Axle Counter
Type
Single Section Digital Axle Counter
Multi Section Digital Axle Counter
By ApplicationRailway
Type
Heavy Rail
Light Rail
Urban Rail Transit
Type
Metro
Trams
By RegionNorth America
U.S.
Canada
Mexcio
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersALTPRO
Schaltbau Holding AG
Siemens AG
Eldyne Electro Systems Pvt. Ltd.
Voestalpine AG
Applied Electro Magnetics
CLEARSY
Scheidt and Bachmann GmbH
Alstom SA (Alstom Transport India Limited)
Medha Servo Drives Private Limited
Ircon International Limited
Lab to Market Innovations Private Limited
Thales Group
G.G.Tronics India Pvt. Ltd.
Central Electronics Ltd.
HBL Power Systems Ltd
Argenia Railway Technologies
Kernex Microsystems (India) Ltd.
Frauscher Sensor Technology Group
Nippon Signal Co., Ltd. (Nippon Signal India Private Limited)
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