The global radar & LiDAR technology for railways application market is valued at approximately US$ 1.5 billion in 2023. Over the next decade, it is expected to grow steadily, reaching a projected value of US$ 3.7 billion by 2033. This represents a CAGR of 9.1% from 2023 to 2033.
The market is likely to be driven by increasing requirements for radar and LiDAR technology sensors in nations including India and Indonesia, as well as higher expenditures in the development of autonomous railway systems.
Rail applications heavily rely on radar and LiDAR technology. These technologies can be used to track railroad track problems, prevent rail collisions, detect pedestrians, track and regulate trains, among other things. Object detection on the railroad tracks and train traffic control are the two main uses of radar systems. In contrast, surveys are carried out using LiDAR technology sensors to learn more about the railway.
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How will Rising Adoption of Mobile LiDAR Systems Impact Market?
LiDAR data can be collected through three equipment platform types – ground-based stationary, mobile, or aerial. The ground-based LiDAR systems are ideally used for collecting information for the closed-range applications. Mobile LiDAR scanners offer extremely high measurement rates and provide dense, accurate and feature-rich data at driving speeds, which is extremely useful for tracking train movements while running on tracks.
A mobile LiDAR equipment is mounted on a vehicle or train locomotive to run on and map the track and surrounding area. Mobile LiDAR is therefore perfect for mapping rail corridors, with a capability to provide measurements at a rate of up to 1.1 million per second. Thus, it has become an important tool for railways infrastructure project planning, project development, construction, operations, maintenance, safety, research and asset management.
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
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.
Radar & LiDAR Technology for Railways Application Market – Competition Landscape
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.
- RIEGL Laser Measurement Systems GMBH
- SICK AG
- Quantum Spatial
- Velodyne Lidar
- YellowScan
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Radar & LiDAR Technology for Railways Application Market Segmentation:
By Radar Technology:
- Radar Sensor Modules
- Speed Measurement Radar Sensors
- Distance Measurement Radar Sensors
- Service
- Integration & Installation Services
- Support Services
By 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
By Application:
- Railway Track Faults Detection
- Rail Collision
- Pedestrian Detection
- Train Tracking & Control
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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