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Driver Assistance Systems For Locomotives Market Size, Demand, Growth, Trends, Segmentation And Forecasts Research To 2032 | Thales Group, Alstom S.A., Hitachi Ltd., Siemens AG, Mitsubishi Electric
Driver Assistance Systems For Locomotives Market Size
Driver Assistance Systems For Locomotives Market Size, Growth Rate, And Forecast
The global driver assistance systems for locomotives market size is expected to grow from $8.54 billion in 2022 to $8.97 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global driver assistance systems for locomotives market size is expected to reach $10.5 billion in 2027 at a CAGR of 4%.
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Driver Assistance Systems For Locomotives Market Drivers
The rise in the construction of new metro networks in major cities is expected to boost the growth of the driver assistance systems market going forward. A metro train is a railway locomotive that is linked to carriages that carry people or wheeled cargo. The locomotive driver assistance system, among other things, provides the driver with proactive information about the track and terrain.
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Driver Assistance Systems For Locomotives Market Segments
• By Component: RADAR, LIDAR, Optical Sensor And Camera, Odometer, Infrared Sensor, Antenna, Other Components
• By Train Type: Long Distance Train, Suburban, Tram, Monorail Subway Or Metro
• By Application: Emergency Braking, Automatic Door Open and Closure, Switch Detection, Rail Detection, Fog Pilot Assistance System, Rail Signal Detection, Anti Collision System
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the driver assistance systems for locomotives market.
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Driver Assistance Systems For Locomotives Market Key Players
Major competitors in the driver assistance systems for locomotives market include Thales Group, Alstom S.A., Hitachi Ltd., Siemens AG, Mitsubishi Electric, Kawasaki Heavy industries Ltd., ABB Ltd., Construcciones y Auxiliar de Ferrocarriles S.A. (CAF)
The Business Research Company's "Global Driver Assistance Systems For Locomotives Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Driver Assistance Systems For Locomotives Market Include:
1. Executive Summary
2. Driver Assistance Systems For Locomotives Market Characteristics
3. Driver Assistance Systems For Locomotives Market Trends And Strategies
4. Driver Assistance Systems For Locomotives Market - Macro Economic Scenario
5. Driver Assistance Systems For Locomotives Market Size And Growth
………………………
26. Africa Driver Assistance Systems For Locomotives Market
27. Driver Assistance Systems For Locomotives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Driver Assistance Systems For Locomotives Market
29. Driver Assistance Systems For Locomotives Market Future Outlook and Potential Analysis
30. Appendix
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