Global Automatic Brake Pad Inspection System Market Size, Share & Trends Report, by Product (Hardware and Software) and by Service (State-Owned Railway, Third Parties, and Others) Forecast (2022-2028)

The global automatic brake pad inspection system market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rise in the adoption of new technologies concerning brake pad inspection is anticipated to drive the growth of the market. For instance, in January 2020, the Indian Railways had adopted the online monitoring system for rolling stock (OMRS). The OMRS is a digital system that automate the maintenance systems and also detects any defect in the rolling stock to avoid catastrophic failures. The OMRS system will consist of Acoustic Bearing Detector (ABD) or Rail Bearing Acoustic Monitor (railBAM) to detect faults in the bearings and wheels of the rolling asset. Moreover, the installation of 25 OMRS systems at 20 locations is in progress in Phase-I on the sections identified by the high-level multi-disciplinary committee of the Railway Board. Thus, growing automation and digitization are anticipated to drive the demand for the global automatic brake pad inspection system market.

The presence of major players coupled with their benchmarking products is anticipated to drive the growth of the global market. For instance, the Cognex In-Sight vision system, developed by Cognex Corp, is a non-contact solution for automated brake pad inspection that assists eliminate brake pad defects and part recalls. The typical inspections include reading data and lot codes and labels that have been applied, dimensional analysis, and confirmation that the pad has been correctly ground. Moreover, In-sight smart cameras can be used to inspect the rivets to make sure that the friction material is secured rightly. Further, there are several features associated with the in-sight vision system. The solution enables the flexibility to adapt to new brake pads designs without mechanical fixturing. Also, the in-sight processes data onboard the camera, where the use of an external computer is eliminated. Thus, such benchmarking products are anticipated to fuel the demand for the global automatic brake pad inspection system market

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Service
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Australian Rail Technology Siemens AG, and Resonate Group among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • 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 Automatic Brake Pad Inspection System Market Report by Segment

By Product

Hardware

Software

By Service

• State-Owned Railways
• Third Parties
• Others

Global Automatic Brake Pad Inspection System Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa