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Driver Assistance Systems For Locomotives Global Market 2024 - Top Regions, Latest Technology, Investment Opportunities, Future Trends And Outlook 2033
Driver Assistance Systems For Locomotives Global Market
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 .
Market Overview -
Driver assistance systems for locomotives refer to systems used to make train travel safer by automating, adapting, and improving tasks involved in operating a vehicle. It helps drivers of locomotives to control the operation of train components such as couplers, knuckles, wheels, and brake shoes.
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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 .
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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