Rapid Transition of Rail Systems to Radar and LiDAR Technology Market Demand Automation: Future Market Study

DUBAI, WATER, May 31, 2021 / PRNewswire / – The World Radar and LiDAR technology for the railway application market is expected to grow by 9.6% CAGR between 2021 and 2031, according to the projects of the certified consultancy firm ESOMAR Future Market Insights (IMF).

Radar & LiDAR technology is gaining ground in the rail and transportation industry as an integral part of the train protection and collision prevention system. The growing demand for radar and LiDAR sensors in intelligent railway systems will inflate the growth of the market.

Recent developments in technology used to control rail traffic, track train routes and schedules, and detect pedestrians on the track will support radar and LiDAR technology for the growth of rail applications.

Increased government investment in the design of an autonomous rail system, especially in emerging economies, and surging demand for radar sensors will become market drivers. Some of the larger companies are launching advanced LiDAR systems to deliver higher resolution and improved accuracy. These attributes are considered extremely critical for rail speed monitoring.

Mobile LiDAR devices are able to map rail corridors at high speed with a rate of 1.1 Mn per second. This equipment is installed on a vehicle or train locomotive. As the vehicle moves, LiDAR perfectly maps the tracks and surroundings.

The incorporation of mobile LiDAR equipment in the planning and development of railway infrastructure projects, as well as in construction, operation, maintenance, safety and asset management will accelerate the growth of the market.

“Companies operating in the market are launching advanced solutions to improve the mechanism for preventing rail collisions. Their efforts will increase market demand, ”says the IMF analyst.

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Key points to remember

  • The global radar and LiDAR technology market for railway applications is expected to reach the valuation of 4.98 billion USD at the end of the evaluation period
  • The US market for radar and LiDAR technology for rail applications is expected to grow at a CAGR of 10.4% throughout the forecast period. Increased government funding to improve productivity will facilitate overall expansion.
  • The rapid adoption of technology to produce a digital rail system and the increase in government initiatives to develop a high speed rail network will positively influence the growth of the rail applications market in the UK.
  • China has worked hard to develop its rail infrastructure. With the increase in research and development initiatives undertaken for the digitization of the rail system, impressive growth is to be expected for the China Radar and LiDAR technology for the railway application market.
  • Integration of cloud-based traffic planning solutions with railways and track management system will fuel the market growth in the coming years.
  • The increasing demand for a safe protection system, reliable planning and tracking of trains as well as their positioning have perpetuated radar and LiDAR technology for the demand of the railway application market.

Competitive landscape

According to the Future Market Insights study, market leaders are using various inorganic and organic marketing strategies to deepen their market penetration in emerging markets.

Growth strategies include new product development and product launches to strengthen their position in the market. They also participate in strategic mergers and acquisitions to strengthen their footprint.

For example,

  • A new LiDAR sensor was launched by Bosch in July 2020. The way the sensor works is to calculate the distance between target objects by illuminating them with laser light and measuring the reflected pulses. It is able to detect objects in 250m range and can recognize 24 objects simultaneously. It is integrated with the railways as a security and surveillance system.
  • PPC-10G (70/80 GHz), a wireless radio has been inspected by ELVA-1in October 2020 for train-ground connectivity. The system is being developed to solve the problem of providing high-speed trains with a broadband Internet connection on straight sections of the track.
  • Hupac Intermodal has launched Train Radar, a device that provides real-time information on train movements January 2020. It makes real-time monitoring and access to ETA information very comfortable. It provides fast and precise information on the management of intermodal transport.

Some of the major companies operating in the market are:

  • Radarxense BV
  • Radar vision
  • Earth Radar Pty Ltd
  • Bosch mobility solutions
  • Navtech radar
  • ELVA-1
  • DEUTA-WERKE GmbH
  • Intermodal Hupac
  • BlackBerry Limited
  • Leica Geosystems AG
  • Trimble Inc.
  • RIEGL GMBH laser measuring systems
  • SICK AG
  • Quantum space
  • Velodyne Lidar
  • YellowScan
  • Phoenix LiDAR Systems
  • XenomatiX
  • IDS GeoRadar (hexagon)

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More Information on the Global Radar and LiDAR Technology for Railway Applications Market

Future Market Insights, in its new offering, provides unbiased analysis of radar and LiDAR technology for the railway applications market, presenting historical demand data (2016-2020) and forecast statistics for the period 2021-2031. The study discloses compelling insights into the radar and LiDAR technology applications market for railways with detailed segmentation on the basis of various parameters. These include:

  • Radar technology
    • Radar sensor modules
      • Speed ​​measurement radar sensors
      • Radar distance measuring sensors
    • A service
      • Integration and installation services
      • Support services
  • LiDAR technology
    • Devices
      • Mobile LiDAR scanners
      • LiDAR aerial drones
      • Embedded LiDAR sensors
    • LiDAR processing and mapping software
    • Services
      • LiDAR survey and mapping services
      • Consulting services
      • Support services

Application

  • Railroad fault detection
  • Rail collision
  • Pedestrian detection
  • Train monitoring and control

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

Key questions covered in the report

  • How will the market radar and LiDAR technology for railway applications develop until 2031?
  • Who are the major manufacturing companies leading the global radar and LiDAR technologies for railway applications market?
  • What are the main drivers and trends that will drive radar and LiDAR technology for railway application sales?
  • What are the challenges that will affect sales of radar and LiDAR technology for the railway applications market?
  • Which region will remain the most lucrative throughout the forecast period?
  • What is the impact of COVID-19 on radar and LiDAR technology for the railway application market?

For any queries related to the report, ask a [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-13225

Explore IMF’s extensive technology coverage

Radar market: ESOMAR Future Market Insights (IMF) certified market analysis and consulting firm provides information on the demand of the Radar market in the latest report. Additionally, to find the effect of COVID-19 on the radar market in general, the study monitors global radar sales in more than 20 high-growth markets and specifically targets their end-user.

Radar Security Market: In its latest study, certified market research and consulting firm ESOMAR Future Market Insights (IMF) offers in-depth insight into the key factors influencing demand for radar security. The report covers global radar safety demand in more than 20 high potential markets, in addition to an in-depth analysis of the impact of COVID-19 on global radar safety.

X-Band Radar Market: The X-Band Radar Market study conducted by Future Market Insights (FMI) provides more in-depth insight into new trends while integrating the impact of on-going trends and growth and restraining factors during the period forecast from 2021 to 2031. basis of the main drivers, trends and opportunities prevailing in key geographies for the aforementioned decade.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in more than 150 countries. IMF has its seat at Dubai, and has delivery centers in UK, US and India. The latest from the IMF market research reports and industry analysis helps companies overcome challenges and make critical decisions with confidence and clarity in the midst of fierce competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continually monitor emerging trends and events across a wide range of industries to ensure our clients are preparing for the changing needs of their consumers.

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Report: https://www.futuremarketinsights.com/reports/radar-and-lidar-technology-for-railways-application-market
Source of the press release: https://www.futuremarketinsights.com/press-release/radar-and-lidar-technology-for-railways-application-market

SOURCE Future Market Outlook


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