The global radar & LiDAR technology for railways application market is estimated at US$ 1.5 billion in 2023. The market is projected to reach US$ 3.7 billion by 2033, exhibiting a CAGR of 9.1% from 2023 to 2033
Radar and LiDAR technology are heavily used in rail applications. These technologies, among other things, can be used to track railroad track faults, prevent rail crashes, detect pedestrians, and track and regulate trains. Radar systems are primarily used for object detection on railroad tracks and train traffic control. Surveys, on the other hand, are conducted utilizing LiDAR technology sensors to understand more about the railway.
Radar (Radio Detection and Ranging) detects and determines the range, angle, and velocity of objects by using radio waves. It is extensively utilized in train detection and control systems, such as preventing collisions and maintaining safe speeds.
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LiDAR (Light Detection and Ranging) measures the distance to an object using laser light. LiDAR systems are capable of producing high-resolution 3D maps of their surroundings, making them valuable for railway infrastructure inspections, track surveys, and obstacle detection.
Both radar and LiDAR have distinct advantages and disadvantages, and the choice between the two is determined by the specific application and requirements.
How will the market be impacted by the growing use of mobile LiDAR systems?
Three different equipment platform types—ground-based stationery, mobile, or aerial—can be used to capture LiDAR data. The best method for gathering data for closed-range applications is to use ground-based LiDAR devices. Mobile LiDAR scanners give comprehensive, precise, and feature-rich data at driving speeds, which is very helpful for tracking train movements while they are moving along tracks.
To run on the track and survey the area around it, a mobile LiDAR device is installed on a car or train locomotive. Because mobile LiDAR can deliver measurements at a rate of up to 1.1 million per second, it is ideal for mapping rail corridors. Consequently, it has emerged as a crucial tool for railways.
Radar & LiDAR Technology for Railways Application Market – Competition Landscape
Companies operating in the market rely on various expansion strategies to increase their penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions and strengthening of regional and global distribution networks. For instance:
In July, 2020, Bosch introduced New LiDAR Sensor. The new sensor can measures the distance between target objects by illuminating them with laser light and measuring the reflected pulses. The LiDAR can detect range of 250 meters and recognize up to 24 objects at the same time. This new sensor used in railways application for the safety purpose.
FMI has profiled the following prominent Radar & LiDAR technology for railways application providers in its report:
- 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.
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Key Segments Covered in the Radar & LiDAR Technology for Railways Application Market
Radar Technology
Radar Sensor Modules
- Speed Measurement Radar Sensors
- Distance Measurement Radar Sensors
Service
- Integration & Installation Services
- Support Services
LiDAR Technology
- Devices
- Mobile LiDAR Scanners
- Aerial LiDAR Drones
- On-board LiDAR Sensors
- LiDAR Processing & Mapping Software
- Services
- LiDAR Survey & Mapping Services
- Consulting Services
- Support Services
Application
- Railway Track Faults Detection
- Rail Collision
- Pedestrian Detection
- Train Tracking & Control
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
3.3. Key Success Factors
4. Pricing Analysis
4.1. Pricing Analysis, By Devices of Radar and LiDAR Technology
4.2. Global Average Pricing Analysis Benchmark
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10-years.
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