To study the railway overhead wire's flexural wave motion that significantly affects the quality of current collection between pantograph and catenary, dynamic responses of a real catenary excited by different excitations are measured and analyzed by using a set of noncontact photogrammetric devices together with the finite-element simulation. Based on the measured and simulated results, the wave motion along the contact wire is investigated and some findings have been obtained. First, it is the first two dominant modal components in the catenary displacement responses that induce a beat phenomenon, and this beat phenomenon is increasingly obvious near the registration arm. Moreover, with the simulated displacement contour, catenary local vibration characteristics affected by the travelling wave can be clearly interpreted. Furthermore, the wave group velocity of contact wire in catenary is determined and verified to be approximately 139.18 m/s; in addition, treating the contact wire in the overhead wire system as an ideal string or a tensioned Euler beam will overestimate the corresponding group velocity with a relative error by about 13.21%.