Press release
Driver Assistance Systems For Locomotives Market Outlook 2024: Exclusive Report By The Business Research Company
Driver Assistance Systems For Locomotives Market
The Business Research Company offers in-depth market insights through Driver Assistance Systems For Locomotives Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The driver assistance systems for locomotives market size has grown steadily in recent years. It will grow from $8.83 billion in 2023 to $9.25 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to safety regulations compliance, risk mitigation and accident prevention, operational efficiency demands, increased rail traffic, investments in rail infrastructure.
The driver assistance systems for locomotives market size is expected to see steady growth in the next few years. It will grow to $11.12 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to enhanced collision avoidance systems, environmental and fuel efficiency concerns, global connectivity and interoperability, regulatory framework evolution, autonomous train operation. Major trends in the forecast period include automated train operation, sensor integration and advanced analytics, communication-based train control , predictive maintenance solutions, integration with positive train control .
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Market Segmentation:
The driver assistance systems for locomotives market covered in this report is segmented -
1) By Component: RADAR, LIDAR, Optical Sensor And Camera, Odometer, Infrared Sensor, Antenna, Other Components
2) By Train Type: Long Distance Train, Suburban, Tram, Monorail Subway Or Metro
3) By Application: Emergency Braking, Automatic Door Open and Closure, Switch Detection, Rail Detection, Fog Pilot Assistance System, Rail Signal Detection, Anti Collision System
Major Driver - Surge In Metro Network Construction Fuels Growth In Driver Assistance Systems Market For Locomotives
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. For instance, according to the Australian Railway Association, an Australia-based railway association, Australian railway construction activity increased by 2.2% to $10.73 billion in 2021-22. Furthermore, according to the China State Railway Group Co., Ltd., the Chinese railway corporation, a total of 4,100 kilometers of new railway lines will be placed into service in China by 2022, including 2,082 kilometers of high-speed tracks. Therefore, the rise in the construction of new metro networks is driving the growth of the driver assistance system market for locomotives.
Competitive Landscape:
Major companies operating in the driver assistance systems for locomotives market report are Thales Group, Alstom S A, Hitachi Ltd., Siemens AG, Mitsubishi Electric Corporation, Kawasaki Heavy industries Ltd., ABB Ltd., Construcciones y Auxiliar de Ferrocarriles S A, Beijing Traffic Control Technology Co. Ltd., Wabtec Corporation, Stadler Rail AG, Robert Bosch GmbH, Knorr-Bremse AG, Bombardier Inc., Ansaldo STS, Johnson Electric Holdings Limited, SHW AG, Mobileye N.V., Fuxin Dare Automotive Parts Co. Ltd., Ningbo Shenglong Automotive Powertrain System Co. Ltd., Pierburg GmbH, Denso Corporation, Nidec Corporation, The FTE automotive Group, Voith GmbH & Co. KGaA, ZF Friedrichshafen AG, General Electric Company, Caterpillar Inc., Cummins Inc., Honeywell International Inc., Continental AG, Valeo SA .
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Top Trend - Technological Advancements Propel Driver Assistance System Market For Locomotives
Technological advancements have emerged as the key trend gaining popularity in the driver assistance system for locomotives. Major companies operating in the driver assistance system market for locomotives are developing innovative technologies to strengthen their position in the market. For instance, in June 2021, Thales Group, a France-based company that designs, develops and manufactures electrical systems, launched Greenspeed, a train driver assistance system intended to support transport decarbonation. The information providers can use artificial intelligence algorithms with a DAS connection. This implies that the system can advise the driver on the optimal speed to keep to the timetable, ensuring a comfortable ride. It also reduces energy consumption and prevents machinery wear and tear by minimizing needless usage of the brakes and engine.
The Table Of Content For The Market Report 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
…..
27. Driver Assistance Systems For Locomotives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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