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Global Automatic Brake Pad Inspection System Market 2018-2022

  • Published: Jan 2018
  • Pages: 113
  • SKU: IRTNTR20093
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This industry research report identifies AARSLEFF (AARSLEFFRAIL), Alstom, Bombardier, MERMEC, Siemens, and Trimble as the key vendors in the global automatic brake pad inspection system market. A comprehensive analysis of this market is also presented by product (hardware and software), by end-user (state-owned railways and third-party service providers), and by geography (the Americas, APAC, and EMEA).

Overview of the global automatic brake pad inspection system market

According to Technavio’s market research report, the rising need for predictive maintenance from the railway sector will be one of the major factors that will have a positive impact on the growth of the global automatic brake pad inspection system market during the forecast period. Owing to the availability of real-time updates for brake pad working and the enhanced operational flexibility, there is a growing usage of automated brake pad inspection systems. The availability of real-time data in the processes reduces the time required for maintenance by 50-60% and also increases the efficiency of brake pads. Moreover, these systems also have advantages such as issuing alerts on missing brake pads, information on brake pad thickness, calculating the wear rate, and predicting the replacement time of the brake pad. This will drive the demand and adoption of automatic brake pad inspection systems in the railway sector, fueling the market’s growth prospects. Our market research analysts predict that this market will grow at a CAGR of more than 9% by 2022.

In terms of geography, EMEA will be the major revenue contributor to the automatic brake pad inspection system market throughout the forecast period. Growing investments in new railway lines in Europe and the increase in number of urban rail projects in the Middle East, will propel the demand for automatic brake pad inspection systems in the region.

Competitive landscape and key vendors  

The automatic brake pad inspection system market comprises of established vendors. The vendors in this market are categorized based on product offering, presence and focus, and market development activities. Also, to retain their market shares, the automatic brake pad inspection system manufacturers are focusing on enhancing their services and are providing customized solutions based on the railway maintenance necessities.

The leading vendors in the market are –

  • AARSLEFF (AARSLEFFRAIL)
  • Alstom
  • Bombardier
  • MERMEC
  • Siemens
  • Trimble

The other prominent vendors in the market are imc MeBsysteme, Australian Rail Technology, CIM (MECHAN), IEM, JLI Vision, KLD Labs, Lynx Engineering Consultants (Lynxrail), Rail Vision Europe, Resonate Group (DeltaRail), SBB, SELVISTIC (SelectraVision), Spectris (HBM), and Kistler. 

Segmentation by product and analysis of the automatic brake pad inspection system market

  • Hardware
  • Software

The hardware segment accounted for the major share of the automatic brake pad inspection system market. This segment consists of machine vision systems, such as camera sensors, frame grabbers, and optics. Vendors are offering innovative and cost-effective means to use cameras for efficient railway inspection. Moreover, the development of smart and thermal cameras with enhanced features will also drive the market’s growth in this segment during the forecast period.

Segmentation by end-user and analysis of the automatic brake pad inspection system market

  • State-owned railways
  • Third party service providers

According to this market research report, state-owned railways will be the primary end-user to the automatic brake pad inspection system market until 2021. Governments spend significantly on the maintenance and service of railways, which drives the market’s growth in this segment. Vendors enter into long-term contracts with governments for supplying inspection systems and components.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2022?
  • What are the key factors driving the global automatic brake pad inspection system market?
  • What are the key market trends impacting the growth of the global automatic brake pad inspection system market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global automatic brake pad inspection system market?
  • What are the market opportunities and threats faced by the vendors in the global automatic brake pad inspection system market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global automatic brake pad inspection system market?

Technavio also offers customization on reports based on specific client requirement.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 06: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 07: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 08: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Hardware
  • Software

PART 09: CUSTOMER LANDSCAPE

PART 10: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user
  • Comparison by end-user
  • State-owned railways– Market size and forecast 2017-2022
  • Third-party service providers – Market size and forecast 2017-2022
  • Market opportunity by end-user

PART 11: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Americas – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 12: DECISION FRAMEWORK

PART 13: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 14: MARKET TRENDS

  • Digitalization in railway sector
  • Thermal inspection and use of IoT in railway inspection systems
  • Growing demand for way-side component inspection

PART 15: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive landscape

PART 16: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AARSLEFF (AARSLEFFRAIL)
  • Alstom
  • Bombardier
  • MERMEC
  • Siemens
  • Trimble

PART 17: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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