Posted By mark itwired
Posted on August 10, 2021
Implementation of radar
and LiDAR systems is picking up pace in the railway infrastructure. The rising
demand for technologies to control train traffic, track train routs, avoid rail
collisions, and detect on-track pedestrian will aid the expansion of the radar and LiDAR technology in railway applications market. It is expected to reach a valuation of US$ 1.3 Bn in
2021, finds Future Market Insights (FMI) in a new study.
To
Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13225
Radar systems are basically used for the purpose of train
traffic control. These systems are connected through computerized safety system
for automatic emergency braking of the train when it approaches deadlock end
track with unusually high speed. These systems are also fitted in train
stations to detect objects on the tracks and prevent serious accidents.
LiDAR systems are used to
gather information from surrounding land to plan the most efficient railroad
routes, taking into account the terrain and any existing structures or
obstacles. The data generated through LiDAR systems during LiDAR surveys and
the resulting 3D digital model can be used to analyze current railroad
conditions, identify safety risks and plan the construction of new lines and
facilities.
LiDAR sensors are attached on
top of the railway car to capture speed signals from all the train tracks. The
rise in adoption of Radar and LiDAR systems for the purpose of train protection
is expected to propel the market growth. According to FMI, the application of
the technology to avoid railway collisions will account for nearly 38% of the
market by 2031.
Key Takeaways: Radar &
LiDAR Technology for Railways Application Market
- The global radar & LiDAR technology for railways application
market is estimated to register a CAGR of 9.6% during the forecast period of
2021-2031. - The U.S. has been at the forefront of adopting smart railway
solutions. It accounts for over 80% of the North America market - The rail industry in the U.K. is undergoing a radical
transformation exhibiting adoption of smart technologies. Radar & LiDAR
technology for railways application market in the U.K. will register over 10%
y-o-y growth in 2021 - Driven by government plans for expanding railway infrastructure,
China will emerge as a strong market for radar & LiDAR technology for
railways application - The government in India is undertaking various plans to upgrade
the aging railway infrastructure, which is expected to drive radar & LiDAR
technology for railways application market
“Radar & LiDAR
systems plays a crucial role in railways applications. With rise in adoption of
autonomous railway systems, the demand for these systems has increased further,
which is creating attractive opportunities for growth” says FMI Analyst.
For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-13225
COVID-19 Impact Analysis on Radar & LiDAR technology for
railways application Market
The COVID-19 pandemic has had
a significant impact on nearly all spheres on the global economy. Due to
restricted connectivity during the lockdown, supply-chains, exchange and
transfer of essential goods and services and distribution of various
commodities have been affected.
The pandemic has adversely
affected many countries worldwide, resulting into negative impact on the global
economy. According to UIC estimates, the passenger and freight revenues could
lose up to $125 billion total for both 2020 and 2021
The pandemic has driven most
of the affected nations into shutdowns, restricting their commercial and
industrial activities. As a result, transportation revenues dropped
significantly, therefore, transport workers’ wages were deducted, other
transport workers were laid off, and some transport companies closed due to
bankruptcy. Resultantly, new investments in railway systems has been impeded.
The spread of coronavirus has
directly affected the production and demand of Radar and LiDAR systems. All the
companies working in the field of manufacturing railway infrastructure halter
their operations for more than eight months. The market disruptions due to the
coronavirus pandemic has resulted in 8%-10% Year on Year (YoY) decrease in
annual Radar and LiDAR systems in 2020. However, as per research, the Radar and
LiDAR system manufacturers have started recovering from the first quarter of
2021, also the global market would possibly recover soon in the coming quarters
of 2021.
Increasing Investments in
Emerging Regions Driving Growth
Within Asia, Japan was an
early adopter of LiDAR technology as it quickly recognized the benefits LiDAR
sensors that offered excellent point elevation accuracy and was far less
dependent on favorable weather conditions that governed the passive optical sensors.
Australia follows Japan in
adoption of airborne LiDAR technology, although the sensor numbers are
significantly less. But the size and variety of LiDAR projects is often very
large as compared to projects in Japan. This has impelled several leading companies
to shift their focus towards emerging nations.
Who is winning?
The key players in the market
for train control and management systems are focusing on the Asian market owing
to their immense scope and large customer base.
For instance, Hitachi has been
investing in facilitating training centers for its other business domains which
could provide the company with greater chances of leveraging the Asian customer
base for its train control and management systems offerings.
Some of the leading players
operating in the market are Radarxense BV, Radar Vision, Earth Radar Pty Ltd,
Bosch Mobility Solutions, Navtech Radar, ELVA-1, DEUTA-WERKE GmbH, Hupac
Intermodal, BlackBerry Limited, Leica Geosystems AG, Trimble Inc., RIEGL Laser
Measurement Systems GMBH, SICK AG, Quantum Spatial, Velodyne Lidar, YellowScan,
Phoenix LiDAR Systems, XenomatiX, and IDS GeoRadar (Hexagon).
More Valuable Insights on
Radar & LiDAR Technology for Railways Application Market
FMI’s report on the Radar
& LiDAR technology for railways application market is segmented into four
major sections such as Radar technology (radar sensor modules (speed
measurement radar sensors and distance measurement radar sensors) and service
(integration & installation services and support services)), LiDAR Technology
(devices (mobile LiDAR scanners, aerial LiDAR drones, and on-board LiDAR
sensors), LiDAR processing & mapping software, and services (LiDAR survey
& mapping services, consulting services, and support services)),
application (railway track faults detection, rail collision, pedestrian
detection, train tracking & control, and others), and region (North
America, Latin America, Europe, East Asia, South Asia & Pacific, Middle
East & Africa) to help readers understand and lucrative evaluate
opportunities in the Radar & LiDAR technology for railways application
market.
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