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Track Geometry Measurement System Market Share

Report ID: GMI9905
Published Date: Jun 2024
Report Format: PDF

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Track Geometry Measurement System Market Share

Ensco and Fugro held a share of over 10% in the market in 2023. Ensco plc is a global provider of engineering, scientific, and advanced technology solutions for the defense, transportation, aerospace, and intelligence sectors. Specializing in high-technology systems and services, Ensco offers innovative solutions for track inspection and monitoring including advanced track geometry measurement systems. With a focus on precision, reliability, and safety, Ensco's solutions play a vital role in maintaining the integrity and efficiency of rail networks worldwide.

Fugro is a leading provider of geotechnical, survey, subsea, and geoscience services, offering innovative solutions to clients in various industries including the rail sector. Fugro's expertise encompasses track geometry measurement, monitoring, and analysis, ensuring the safety and integrity of railway infrastructure. With a global presence and state-of-the-art technology, Fugro delivers accurate and reliable data to support decision-making and asset management for rail operators worldwide.

Track Geometry Measurement System Market Companies

Major players operating in the industry are:

Ensco
Fugro
MER MEC
Balfour Beatty
Plasser & Theurer
Siemens
Bentley Systems

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for track geometry measurement system was valued at USD 3.65 billion in 2023 and is estimated to register over 7% CAGR between 2024 and 2032, driven by the adoption of advanced railway diagnostic technologies.

Contactless track geometry measurement system industry size is expected to reach over USD 3 billion by 2032, owing to rapid advancements in sensor technology, data analytics.

Asia Pacific market held over 35% revenue share in 2023 and will expand rapidly through 2032, attributed to rapid urbanization, increasing population, and substantial investments in transportation infrastructure.

Ensco, Fugro, MER MEC, Balfour Beatty, Plasser & Theurer, Siemens, and Bentley Systems among others.