Product Code: A222685
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 stakeholders
- The 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.
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- Manufacturing Capacity
- Technology Trend Analysis
- Go To Market Strategy
- Market share analysis of players by products/segments
- 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
- Market share analysis of players at global/region/country level
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Component
- Wayside Axle Counter
- On-rail Axle Counter
- Type
- Single Section Digital Axle Counter
- Multi Section Digital Axle Counter
By Application
- Railway
- Type
- Heavy Rail
- Light Rail
- Urban Rail Transit
By Region
- North America
- 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 Players:
- ALTPRO
- 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)
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growth in railway infrastructure
- 3.4.1.2. Rise in safety concerns
- 3.4.1.3. Superiority of digital axle counters
- 3.4.2. Restraints
- 3.4.2.1. High upfront cost of specialized digital axle counters
- 3.4.2.2. Vulnerability to faults
- 3.4.3. Opportunities
- 3.4.3.1. Integration of technology
- 3.5. Value Chain Analysis
CHAPTER 4: TRACK DIGITAL AXLE COUNTER MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Wayside Axle Counter
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. On-rail Axle Counter
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.3.4. On-rail Axle Counter Track Digital Axle Counter Market by Type
- 4.3.4.1. Single Section Digital Axle Counter Market size and forecast, by region
- 4.3.4.2. Single Section Digital Axle Counter Market size and forecast, by country
- 4.3.4.3. Multi Section Digital Axle Counter Market size and forecast, by region
- 4.3.4.4. Multi Section Digital Axle Counter Market size and forecast, by country
CHAPTER 5: TRACK DIGITAL AXLE COUNTER MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Railway
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.2.4. Railway Track Digital Axle Counter Market by Type
- 5.2.4.1. Heavy Rail Market size and forecast, by region
- 5.2.4.2. Heavy Rail Market size and forecast, by country
- 5.2.4.3. Light Rail Market size and forecast, by region
- 5.2.4.4. Light Rail Market size and forecast, by country
- 5.3. Urban Rail Transit
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.3.4. Urban Rail Transit Track Digital Axle Counter Market by Type
- 5.3.4.1. Metro Market size and forecast, by region
- 5.3.4.2. Metro Market size and forecast, by country
- 5.3.4.3. Trams Market size and forecast, by region
- 5.3.4.4. Trams Market size and forecast, by country
CHAPTER 6: TRACK DIGITAL AXLE COUNTER MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Component
- 6.2.2.1. North America On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.2.3. Market size and forecast, by Application
- 6.2.3.1. North America Railway Track Digital Axle Counter Market by Type
- 6.2.3.2. North America Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Component
- 6.2.4.1.1.1. U.S. On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.2.4.1.2. Market size and forecast, by Application
- 6.2.4.1.2.1. U.S. Railway Track Digital Axle Counter Market by Type
- 6.2.4.1.2.2. U.S. Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Component
- 6.2.4.2.1.1. Canada On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.2.4.2.2. Market size and forecast, by Application
- 6.2.4.2.2.1. Canada Railway Track Digital Axle Counter Market by Type
- 6.2.4.2.2.2. Canada Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.2.4.3. Mexcio
- 6.2.4.3.1. Market size and forecast, by Component
- 6.2.4.3.1.1. Mexcio On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.2.4.3.2. Market size and forecast, by Application
- 6.2.4.3.2.1. Mexcio Railway Track Digital Axle Counter Market by Type
- 6.2.4.3.2.2. Mexcio Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Component
- 6.3.2.1. Europe On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.3.3. Market size and forecast, by Application
- 6.3.3.1. Europe Railway Track Digital Axle Counter Market by Type
- 6.3.3.2. Europe Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Market size and forecast, by Component
- 6.3.4.1.1.1. Germany On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.3.4.1.2. Market size and forecast, by Application
- 6.3.4.1.2.1. Germany Railway Track Digital Axle Counter Market by Type
- 6.3.4.1.2.2. Germany Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.3.4.2. France
- 6.3.4.2.1. Market size and forecast, by Component
- 6.3.4.2.1.1. France On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.3.4.2.2. Market size and forecast, by Application
- 6.3.4.2.2.1. France Railway Track Digital Axle Counter Market by Type
- 6.3.4.2.2.2. France Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.3.4.3. UK
- 6.3.4.3.1. Market size and forecast, by Component
- 6.3.4.3.1.1. UK On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.3.4.3.2. Market size and forecast, by Application
- 6.3.4.3.2.1. UK Railway Track Digital Axle Counter Market by Type
- 6.3.4.3.2.2. UK Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.3.4.4. Italy
- 6.3.4.4.1. Market size and forecast, by Component
- 6.3.4.4.1.1. Italy On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.3.4.4.2. Market size and forecast, by Application
- 6.3.4.4.2.1. Italy Railway Track Digital Axle Counter Market by Type
- 6.3.4.4.2.2. Italy Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.3.4.5. Rest of Europe
- 6.3.4.5.1. Market size and forecast, by Component
- 6.3.4.5.1.1. Rest of Europe On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.3.4.5.2. Market size and forecast, by Application
- 6.3.4.5.2.1. Rest of Europe Railway Track Digital Axle Counter Market by Type
- 6.3.4.5.2.2. Rest of Europe Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Component
- 6.4.2.1. Asia-Pacific On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.4.3. Market size and forecast, by Application
- 6.4.3.1. Asia-Pacific Railway Track Digital Axle Counter Market by Type
- 6.4.3.2. Asia-Pacific Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Component
- 6.4.4.1.1.1. China On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.4.4.1.2. Market size and forecast, by Application
- 6.4.4.1.2.1. China Railway Track Digital Axle Counter Market by Type
- 6.4.4.1.2.2. China Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.4.4.2. India
- 6.4.4.2.1. Market size and forecast, by Component
- 6.4.4.2.1.1. India On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.4.4.2.2. Market size and forecast, by Application
- 6.4.4.2.2.1. India Railway Track Digital Axle Counter Market by Type
- 6.4.4.2.2.2. India Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.4.4.3. Japan
- 6.4.4.3.1. Market size and forecast, by Component
- 6.4.4.3.1.1. Japan On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.4.4.3.2. Market size and forecast, by Application
- 6.4.4.3.2.1. Japan Railway Track Digital Axle Counter Market by Type
- 6.4.4.3.2.2. Japan Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.4.4.4. South Korea
- 6.4.4.4.1. Market size and forecast, by Component
- 6.4.4.4.1.1. South Korea On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.4.4.4.2. Market size and forecast, by Application
- 6.4.4.4.2.1. South Korea Railway Track Digital Axle Counter Market by Type
- 6.4.4.4.2.2. South Korea Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.4.4.5. Rest of Asia-Pacific
- 6.4.4.5.1. Market size and forecast, by Component
- 6.4.4.5.1.1. Rest of Asia-Pacific On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.4.4.5.2. Market size and forecast, by Application
- 6.4.4.5.2.1. Rest of Asia-Pacific Railway Track Digital Axle Counter Market by Type
- 6.4.4.5.2.2. Rest of Asia-Pacific Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Component
- 6.5.2.1. LAMEA On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.5.3. Market size and forecast, by Application
- 6.5.3.1. LAMEA Railway Track Digital Axle Counter Market by Type
- 6.5.3.2. LAMEA Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Latin America
- 6.5.4.1.1. Market size and forecast, by Component
- 6.5.4.1.1.1. Latin America On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.5.4.1.2. Market size and forecast, by Application
- 6.5.4.1.2.1. Latin America Railway Track Digital Axle Counter Market by Type
- 6.5.4.1.2.2. Latin America Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.5.4.2. Middle East
- 6.5.4.2.1. Market size and forecast, by Component
- 6.5.4.2.1.1. Middle East On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.5.4.2.2. Market size and forecast, by Application
- 6.5.4.2.2.1. Middle East Railway Track Digital Axle Counter Market by Type
- 6.5.4.2.2.2. Middle East Urban Rail Transit Track Digital Axle Counter Market by Type
- 6.5.4.3. Africa
- 6.5.4.3.1. Market size and forecast, by Component
- 6.5.4.3.1.1. Africa On-rail Axle Counter Track Digital Axle Counter Market by Type
- 6.5.4.3.2. Market size and forecast, by Application
- 6.5.4.3.2.1. Africa Railway Track Digital Axle Counter Market by Type
- 6.5.4.3.2.2. Africa Urban Rail Transit Track Digital Axle Counter Market by Type
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. ALTPRO
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.2. CLEARSY
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.3. Eldyne Electro Systems Pvt. Ltd.
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.4. Frauscher Sensor Technology Group
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Key strategic moves and developments
- 8.5. Schaltbau Holding AG
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.6. Scheidt and Bachmann GmbH
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.7. Siemens AG
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.8. Thales Group
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.9. Voestalpine AG
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.10. Alstom SA (Alstom Transport India Limited)
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.11. Applied Electro Magnetics
- 8.11.1. Company overview
- 8.11.2. Key executives
- 8.11.3. Company snapshot
- 8.11.4. Operating business segments
- 8.11.5. Product portfolio
- 8.12. G.G.Tronics India Pvt. Ltd.
- 8.12.1. Company overview
- 8.12.2. Key executives
- 8.12.3. Company snapshot
- 8.12.4. Operating business segments
- 8.12.5. Product portfolio
- 8.13. HBL Power Systems Ltd
- 8.13.1. Company overview
- 8.13.2. Key executives
- 8.13.3. Company snapshot
- 8.13.4. Operating business segments
- 8.13.5. Product portfolio
- 8.13.6. Business performance
- 8.14. Kernex Microsystems (India) Ltd.
- 8.14.1. Company overview
- 8.14.2. Key executives
- 8.14.3. Company snapshot
- 8.14.4. Operating business segments
- 8.14.5. Product portfolio
- 8.15. Central Electronics Ltd.
- 8.15.1. Company overview
- 8.15.2. Key executives
- 8.15.3. Company snapshot
- 8.15.4. Operating business segments
- 8.15.5. Product portfolio
- 8.15.6. Business performance
- 8.16. Medha Servo Drives Private Limited
- 8.16.1. Company overview
- 8.16.2. Key executives
- 8.16.3. Company snapshot
- 8.16.4. Operating business segments
- 8.16.5. Product portfolio
- 8.17. Lab to Market Innovations Private Limited
- 8.17.1. Company overview
- 8.17.2. Key executives
- 8.17.3. Company snapshot
- 8.17.4. Operating business segments
- 8.17.5. Product portfolio
- 8.18. Ircon International Limited
- 8.18.1. Company overview
- 8.18.2. Key executives
- 8.18.3. Company snapshot
- 8.18.4. Operating business segments
- 8.18.5. Product portfolio
- 8.18.6. Business performance
- 8.19. Nippon Signal Co., Ltd. (Nippon Signal India Private Limited)
- 8.19.1. Company overview
- 8.19.2. Key executives
- 8.19.3. Company snapshot
- 8.19.4. Operating business segments
- 8.19.5. Product portfolio
- 8.19.6. Business performance
- 8.20. Argenia Railway Technologies
- 8.20.1. Company overview
- 8.20.2. Key executives
- 8.20.3. Company snapshot
- 8.20.4. Operating business segments
- 8.20.5. Product portfolio