![]() Historical & Future Projections for Radar & LiDAR Technology for Railways Application Marketīetween 20, global radar & LiDAR technology for railways application market has registered the CAGR of 9.6%. The report tracks the global adoption of Radar & LiDAR technology for railways application products in 20+ high-growth markets, along with analyzing the impact of COVID-19 on the global adoption of Radar & LiDAR technology for railways application solutions, along with the pre-COVID and post-COVID market growth analysis. In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for Radar & LiDAR technology for railways application products. Whereas, the LiDAR technology sensors are used to conduct surveys to gather information regarding the railway track surrounding land to plan the most efficient railroad route. Radar systems are basically used for the purpose of train traffic control, and to detect objects present on the train tracks. These technologies can used for tracking of railway track faults, protect against rail collision, detect pedestrian, train tracking & control, and for various other purposes. Radar and LiDAR technology plays a crucial role in railway applications. Increasing demand for radar & LiDAR technology sensors in countries such as India and Indonesia, coupled with rise in investment in the development of autonomous railway systems are likely to drive the market. The global radar & LiDAR technology for railways application market is expected to reach a valuation of US$ 4.98 Bn by 2031. Radar & LiDAR Technology for Railways Application Market - About the Report ![]()
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