Title: Driver Assistance Systems For Locomotives Market Size, Trends and Global Forecast To 2032
1Driver Assistance Systems For Locomotives Global
Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
2Driver Assistance Systems For Locomotives Market
Segments
The Business Research Company segments its
Driver Assistance Systems For Locomotives Market
report as
RADAR, LIDAR, Optical Sensor And Camera,
Odometer, Infrared Sensor, Antenna, Other
Components
By Component
Long Distance Train, Suburban, Tram, Monorail
Subway Or Metro
By Train Type
Emergency Braking, Automatic Door Open and
Closure, Switch Detection, Rail Detection, Fog
Pilot Assistance System, Rail Signal Detection,
Anti Collision System
By Application
3Driver Assistance Systems For Locomotives Market
Statistics
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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4Key Market Drivers And Trends
Drivers
The rise in the construction of new metro
networks in major cities is expected to boost the
growth of the driver assistance systems market
going forward.
Trends
Technological advancements have emerged as the
key trend gaining popularity in the driver
assistance system for locomotives.
Region
North America was the largest region in the
driver assistance systems for locomotives market
in 2022.
5Key Market Players
- Major players in the Driver Assistance Systems
For Locomotives Market are - Thales Group
- Alstom S.A.
- Hitachi Ltd.
- Siemens AG
- Mitsubishi Electric
65 Reasons Why TBRC Is The Solution You Need
- Measure the impact of high global inflation on
market growth - Outperform competitors using forecast data and
the drivers and trends shaping the market - Get a comprehensive market sizing report with a
truly global perspective covering 60 geographies
from The Business Research Company, with data
from 2017 to 2023 and forecasts up to 2032. - Assess the Russia-Ukraine wars impact on
commodity supply and its direct and indirect
impact on all the markets - Benchmark performance against key competitors.
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