The market for radar and LiDAR technology used in railway applications is expected to reach US$ 1.5 billion in 2023. The market is anticipated to grow at a CAGR of 9.1% from 2023 to 2033, reaching US$ 3.7 billion.
The market for radar and LiDAR systems used in railway applications is anticipated to reach US$4.98 billion by 2031. The market is expected to be driven by increased investments in the development of autonomous railway systems as well as rising demand for radar and LiDAR technology sensors in countries like Indonesia and India.
Radar and LiDAR technology are widely used in rail applications. Among other things, these technologies can be used to monitor train track issues, avoid rail crashes, spot pedestrians, and track and control trains. Radar systems are primarily used for train traffic control and object identification on railway tracks. In contrast, surveys are conducted utilizing sensors that use LiDAR technology to find out more about the railway.
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Radio waves are used by radar (Radio Detection and Ranging) to identify objects and calculate their distance, angle, and speed. It is frequently used for train detection and control systems, which include guaranteeing safe speeds and preventing train collisions.
Laser light is used by LiDAR (Light Detection and Ranging) to calculate the distance to an object. LiDAR systems are helpful for inspecting railway infrastructure, doing track surveys, and spotting obstacles since they can provide high-resolution 3D maps of the surrounding area.
The decision between Radar and LiDAR depends on the particular application and requirements. Each technology has certain benefits and drawbacks.
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.
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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 measure the distance between target objects by illuminating them with laser light and measuring the reflected pulses. The LiDAR can detect a range of 250 meters and recognize up to 24 objects at the same time. This new sensor is used in railways applications for safety purposes.
FMI has profiled the following prominent Radar & LiDAR technology for railways application providers in its report:
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Key Segments Covered in the Radar & LiDAR Technology for Railways Application Market
Radar Technology
Radar Sensor Modules
Service
LiDAR Technology
Services
Application
Region
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Radar & LiDAR Technology for Railways Application Market review , outlook , forecast , demand , size , share , key trends , analysis , Research , overview
Jun 06, 2023
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