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 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 the Rising Adoption of Mobile LiDAR Systems Impact the 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 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:

The major key players in the Radar & LiDAR Technology for Railways Application Market include 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, and YellowScan. Each of these companies contributes significantly to the advancement and application of radar and LiDAR technologies within the railway industry, playing pivotal roles in enhancing safety, efficiency, and innovation in rail transportation systems.