Market Overview:
The global railway collision avoidance system market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for safety and security in railways across the globe. Additionally, the increasing adoption of advanced technologies such as RFID and radar systems are also contributing to the growth of this market. Based on type, the global railway collision avoidance system market can be segmented into RFID, radar, and others. The RFID segment is expected to grow at a higher CAGR during the forecast period owing to its advantages such as low installation cost and easy maintenance. Based on application, the global railway collision avoidance system market can be divided into freight trains and passenger trains segments.
Product Definition:
A railway collision avoidance system is a system used on railways to prevent collisions between trains. The importance of a railway collision avoidance system is that it helps to keep people safe by preventing train collisions.
RFID:
Radio-frequency identification (RFID) is a technology that involves the use of low power radio-frequency for automatic detection and tracking of objects. It uses electromagnetic fields to communicate with passive RFID tags embedded in the object. The tags contain information about the identity, location, and movement of the object being tracked. The data is then transferred via wireless networks to a computer system which enables real-time monitoring and alerts regarding possible collisions or other hazards near railways tracks.
Radar:
Radar is a device that emits and receive radio-frequency electromagnetic waves. It is an electronic device, which facilitates the detection of objects and enables the measurement of time delay between transmission and reception of microwaves. The collision avoidance system uses radar to detect vehicles in front & behind, as well as identify obstacles near the railway tracks.
Application Insights:
The freight trains application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. The system is installed at unmanned level to avoid train collision with another train or a vehicle. It provides real-time information on the movement of all vehicles including passenger trains, trucks and other coaches moving in front of them. This helps improve traffic management by reducing human errors while tracking vehicles or trains moving ahead of them.
Passenger trains are expected to be one of the fastest growing segments owing to increasing railway infrastructure spending globally coupled with rising demand for premium rail services offering comfort, speed and luxury across various regions such as Europe, North America and Asia Pacific Pacific countries. These factors are anticipated to boost product demand over the forecast period particularly in developed economies such as U.K.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The European Union (EU) has mandated the installation of automatic warning systems on trains that are traveling at speeds greater than 150 km/h and less than 300 km/h. North America is expected to witness significant growth over the forecast period owing to increasing investments by governments for implementation of advanced railway safety systems across their rail networks. For instance, In 2015, Canada’s Transport Safety Board (TSB) released a final recommendation that called for deployment of active braking technology on freight cars operating on main line railways as an effective measure to reduce fatalities and injuries caused by runaway trains.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising demand from countries such as China, India, Japan.
Growth Factors:
- Increasing demand for railway collision avoidance system from the transportation sector to avoid accidents and improve safety.
- Rising adoption of advanced technologies such as GPS, RFID, and wireless communication in railway collision avoidance systems.
- Growing investments by public and private organizations for the development of safer railways systems across the globe.
- Proliferation of stringent government regulations for safety in railways industry worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Collision Avoidance System Market Research Report
By Type
RFID, Radar, Others
By Application
Freight Trains, Passenger Trains
By Companies
Siemens, Bombardier, HBL Power Systems, Thales Group, United Technologies, SelectRail, Intelligence on Wheels, RailVision
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Railway Collision Avoidance System Market Report Segments:
The global Railway Collision Avoidance System market is segmented on the basis of:
Types
RFID, Radar, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Freight Trains, Passenger Trains
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- Bombardier
- HBL Power Systems
- Thales Group
- United Technologies
- SelectRail
- Intelligence on Wheels
- RailVision
Highlights of The Railway Collision Avoidance System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RFID
- Radar
- Others
- By Application:
- Freight Trains
- Passenger Trains
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Railway Collision Avoidance System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Railway collision avoidance system (RCAS) is a safety technology used on railways to prevent collisions between trains. It uses sensors and software to monitor the surrounding area, and if it detects a potential collision, it will automatically apply the brakes on the train in order to avoid a crash.
Some of the major companies in the railway collision avoidance system market are Siemens, Bombardier, HBL Power Systems, Thales Group, United Technologies, SelectRail, Intelligence on Wheels, RailVision.
The railway collision avoidance system market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Collision Avoidance System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Railway Collision Avoidance System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Collision Avoidance System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Railway Collision Avoidance System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Railway Collision Avoidance System Market Size & Forecast, 2018-2028
4.5.1 Railway Collision Avoidance System Market Size and Y-o-Y Growth
4.5.2 Railway Collision Avoidance System Market Absolute $ Opportunity
Chapter 5 Global Railway Collision Avoidance System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Railway Collision Avoidance System Market Size Forecast by Type
5.2.1 RFID
5.2.2 Radar
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Railway Collision Avoidance System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Railway Collision Avoidance System Market Size Forecast by Applications
6.2.1 Freight Trains
6.2.2 Passenger Trains
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Collision Avoidance System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Railway Collision Avoidance System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Railway Collision Avoidance System Analysis and Forecast
9.1 Introduction
9.2 North America Railway Collision Avoidance System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Railway Collision Avoidance System Market Size Forecast by Type
9.6.1 RFID
9.6.2 Radar
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Railway Collision Avoidance System Market Size Forecast by Applications
9.10.1 Freight Trains
9.10.2 Passenger Trains
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Railway Collision Avoidance System Analysis and Forecast
10.1 Introduction
10.2 Europe Railway Collision Avoidance System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Railway Collision Avoidance System Market Size Forecast by Type
10.6.1 RFID
10.6.2 Radar
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Railway Collision Avoidance System Market Size Forecast by Applications
10.10.1 Freight Trains
10.10.2 Passenger Trains
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Railway Collision Avoidance System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway Collision Avoidance System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Railway Collision Avoidance System Market Size Forecast by Type
11.6.1 RFID
11.6.2 Radar
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Railway Collision Avoidance System Market Size Forecast by Applications
11.10.1 Freight Trains
11.10.2 Passenger Trains
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Railway Collision Avoidance System Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway Collision Avoidance System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Railway Collision Avoidance System Market Size Forecast by Type
12.6.1 RFID
12.6.2 Radar
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Railway Collision Avoidance System Market Size Forecast by Applications
12.10.1 Freight Trains
12.10.2 Passenger Trains
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Railway Collision Avoidance System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway Collision Avoidance System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Railway Collision Avoidance System Market Size Forecast by Type
13.6.1 RFID
13.6.2 Radar
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Railway Collision Avoidance System Market Size Forecast by Applications
13.10.1 Freight Trains
13.10.2 Passenger Trains
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Railway Collision Avoidance System Market: Competitive Dashboard
14.2 Global Railway Collision Avoidance System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Bombardier
14.3.3 HBL Power Systems
14.3.4 Thales Group
14.3.5 United Technologies
14.3.6 SelectRail
14.3.7 Intelligence on Wheels
14.3.8 RailVision
