The Driver Assistance Systems For Locomotives Global Market Report 2023, provides comprehensive information on the driver assistance systems for locomotives market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Driver Assistance Systems For Locomotives Market’s Growth:
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As per The Business Research Company’s Driver Assistance Systems For Locomotives Global Market Report 2023, the global driver assistance systems for locomotives market size is expected to grow from $8.54 billion in 2022 to $8.97 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global driver assistance systems for locomotives market size is expected to reach $10.5 billion in 2027 at a CAGR of 4%.
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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 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 minimising needless usage of the brakes and engine.
The driver assistance systems for locomotives market 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
North America was the largest region in the driver assistance systems for locomotives market in 2022.
The table of contents in TBRC’s driver assistance systems for locomotives market report includes:
1. Executive Summary
2. Driver Assistance Systems For Locomotives Market Characteristics
3. Driver Assistance Systems For Locomotives Market Trends And Strategies
4. Driver Assistance Systems For Locomotives Market – Macro Economic Scenario
5. Driver Assistance Systems For Locomotives Market Size And Growth
….
26. Africa Driver Assistance Systems For Locomotives Market
27. Driver Assistance Systems For Locomotives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Driver Assistance Systems For Locomotives Market
29. Driver Assistance Systems For Locomotives Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
Thales Group
Alstom S.A.
Hitachi Ltd.
Siemens AG
Mitsubishi Electric
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