According to the research report titled ‘Global Rail Wheel Sensors and Axle Counter Market Size study, by Type (Rail Wheel Sensors, Axle Counter) by End-User (Rail Transport Line, Urban Rail Transit) and Regional Forecasts 2020-2027’ available with Market Study Report, global rail wheel sensors and axle counter market is anticipated to witness significant growth during 2020-2027.
 

Industry experts claim that rising adoption of automated technology, increasing international as well as national logistics and trading activities, and flourishing railway business are augmenting the growth of global rail wheel sensors and axle counter market.
 

For the record, rail wheel sensors as well as axle counters are devices that are used in railway lines in order to keep a track of the trains in the section. An axle counter is used to detect the occupied or clear status of a section between two points. The overall system comprises of a wheel sensor along with a calculation unit that counts the axels of the trains entering and leaving the section.
 

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Additionally, presence of large length railways has impelled the demand for the devices, which in turn is stimulating the global rail wheel sensors and axle counter industry outlook. However, high costs as well as maintenance requirements associated with the devices are expected to restrain the industry expansion throughout the analysis timeframe.
 

Based on type, the market is split into axle counter and rail wheel sensors. With regards to end-user spectrum, the industry is bifurcated into urban rail transit and rail transport line.   
 

From a regional point of view, North America accounts for a majority of market share and is expected to showcase similar growth trends in the ensuing years, on account of increasing adoption of rail technology along with presence of a large rail network.
 

On the other hand, rail wheel sensors and axle counter industry in Asia-Pacific is projected to register the highest CAGR over 2020-2027. Increasing disposable income along with rising investments towards infrastructural development in the railway verticals of India and China are emerging as lucrative opportunities for the remuneration of the regional market.
 

Leading organizations that define the worldwide rail wheel sensors and axle counter industry trends are Beijing Railtechcn Technology Co., Ltd., Frauscher Sensor Technology, Grupo Fersil, Pintsch Tiefenbach GmbH, Scheidt & Bachmann GmbH, ALTPRO d.o.o., Shenzhen Javs Technology Co., Ltd., Advanced Rail Controls Private Limited, Anhui Landun Photoelectron Co. Ltd., and Siemens AG among others.