The global train collision avoidance system market was valued at USD XX Billion in 2017 and is expected to reach at USD XX Billion by 2025 growing at a Compound annual growth rate (CAGR) of XX% from 2018 to 2025. Rising incidences of a head-on collision and rear-end collision in railway network create a high growth opportunity for the market. The system uses various kinds of sensors to identify trains running on the same track while also identify cracks present on the railway tracks within a short span of time. Moving forward, extensive research and development activities by key market players coupled with increasing awareness among peoples are anticipated to fuel the market growth over the next seven years.
Ultrasonic Sensors segment is estimated to witness significant growth
The global train collision avoidance system market has been segmented based on components into ultrasonic sensors, LDR sensors, ZigBee device, microcontroller, RF (Radio Frequency) transmitter & receiver, IR sensors, GPS, and others. Based on the monitoring, the train collision avoidance system market has been bifurcated as On Train Monitoring System (OTMS) and On Train Data Recorders (OTDRs). Ultrasonic sensors segment is estimated to witness significant growth during the projection period owing to its capability to detect trains and measure the exact distance and location of cracks in the rail road. Moving forward, based on deployment, the market is segmented as
a collision avoidance system in signals, collision avoidance system in railway tracks, and collision avoidance system on-board.
Europe holds the largest market share by region
The global train collision avoidance system market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East and Africa region. In addition to this, Europe region holds the largest market share. The reason may be attributed due to the introduction of latest technology sensors by major players in this region and installing them onto signals, railway tracks, and train body to allow the driver to prevent train collisions. Moreover, strict regulatory and legal standards have mandated the deployment of sensors in trains. Further down, Asia-Pacific is estimated to dominate the market growth during the forecast period, owing to the rising number of train operation in countries like China and India. Moreover, developing countries like India is on a verge to build high-speed trains and revolutionize the entire railway system, therefore the implementation of collision avoidance system in such trains to avoid train accidents will propel the market growth in the Asia Pacific in the near future.
Major Players in Global Train Collision Avoidance System Market
Some of the key players in the global train collision avoidance system market include includeHBL Power Systems Ltd., Thales Group, Kernex Microsystems, Intelligence on Wheels GmbH, Bombardier Inc., Siemens AG, and Honeywell International Inc.
Global Train Collision Avoidance SystemMarket: By Components
Global Train Collision Avoidance SystemMarket: ByMonitoring
Global Train Collision Avoidance SystemMarket: By Deployment (Shadow Costing)
Global Train Collision Avoidance SystemMarket: By Geography