The Global Active Railway Wheel Sensor Market is estimated to grow at a significant CAGR during the forecast period. The main feature of a railway axle counter is the wheel sensor. The traditional active magnetic steel axle counter approach suffers from a lack of precision. As a result, a high-precision active wheel sensor was proposed, which provides axle pulses in a set position of wheel signal. A measuring system's heart is the sensor. A sensor converts physical factors such as temperature, humidity, and speed into an electrical signal that can be monitored. Sensors can be employed in a variety of equipment, including monitoring railway infrastructures such as bridges and rail tracks, as well as monitoring the health of vehicles such as bogies, wheels, and waggons. 

Wheel sensors are used to monitor speed in the motive power system and manage the brakes to prevent brake lockup and wheel slippage in railway, metro, and tram applications. The wheel sensor was created to give a simple to install, highly dependable, and easy to maintain presence detection device.

Due to its high efficiency, low maintenance, and wear-free capability, the rail wheel sensor market is expected to rise steadily. It is also simple to deploy due to its small weight. It makes use of modern microcontroller characteristics like IR sensors and metal detectors, which shows to be useful in attaining the goals. Because the sensor does not attract magnetic particles such as iron chips and dust, it is excellent for use in environments containing iron. Because of the enclosed electronics, wheel sensors for railways can endure severe shock and vibration loads. They are also incredibly thin and easy to mount using ordinary flanges. For Instance, In February 2019, Delachaux Group completed the acquisition of a majority stake in wheel sensor and axle counter manufacturer Frauscher Sensor Technology Group. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segments Covered

o By Type

o By Application

• Regions Covered
• North America
• Europe
• Asia-Pacific
• Rest of the world
• Competitive Landscape: Frauscher Sensor Technology, Siemens, Honeywell, Pintsch Tiefen bach, Western-Cullen-Hayes Inc.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Active Railway Wheel Sensor Market Segmentation,

By Types,

• Single Wheel Sensor
• Double Wheel Sensor

By Application,

• Rail Transport Line
• Urban Rail Transit

Global Active Railway Wheel Sensor Market by Region,