Track Geometry Measurement System Market Study, Competitive Strategies with Key Manufacturers Balfour Beatty,Fugro, Goldschmidt, NEXTSENSE GmbH, MERMEC Inc.

According to the latest situation report from the World Health Organization (WHO), the US, India, Brazil, Russia, France, Spain, Argentina, the UK, Italy, and China are some of the worst- affected countries due to COVID-19 outbreak. The outbreak first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the world. According to the WHO, as of 3rd November 2020, there were around 46,840,783 confirmed COVID-19 cases globally, including 1,204,028 deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020 and likely in 2021. The outbreak has created significant disruptions in primary industries such as logistics, retail, and e-commerce. The sharp decline in the transportation business industry is negatively impacting the growth of the global track geometry measurement system market.

Based on component, the track geometry measurement system market is sub-segmented into hardware, software, and services. The hardware segment dominated the track geometry measurement system market; whereas, the software segment is expected to grow at the fastest rate during the forecast period. All received information is processed in real-time, recorded and saved for further analysis and planning of works on the track's routine maintenance and repair. The system's software makes it possible to compare information on the actual condition of the rails with data from the database of the track section, perform an automatic comparison, and generate reports and recommendations for managing and operating units of the railways. The track geometry measurement system (TGMS) ensures rail safety by employing various measuring equipment to record railway track geometry conditions. The system is a combination of hardware and software components that derive track geometry parameters. It identifies track geometry anomalies and records the track data. Construction and maintenance decisions are taken by viewing and analyzing the recorded data. Accurate and reliable track geometry data is required for cost-effective track construction, maintenance, and operational safety. With the help of various software, railway companies/operators are able to measure track geometry quickly and precisely, and later view and analyze to find faults, if any.

The key players profiled in the Track Geometry Measurement System Market research study includes:

Balfour Beatty
Deutzer Technische Kohle GmbH
ENSCO, Inc.
E.S.I.M. Srl
Fugro
Goldschmidt
Plasser & Theurer
R.Bance & Co Ltd.
MERMEC Inc.
NEXTSENSE GmbH

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