Published Date : Oct 15, 2018
Albany, New York, Oct 15, 2018: The global driver assistance system market is likely to witness an exponential rise in the demand of products during the forecast period 2018 – 2026, due to rising concern regarding the safety of trains across the world, reports Market Research Reports.biz. In a 300-pages report, titled, “Driver Assistance System (DAS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which is up for sale on the website, provides a detail analyzes and estimates the driver assistance system market for locomotive at both regional as well as global level.
Rapid increase in number of trains all across the globe in order to provide better and faster mode of transport to the rising population is having a direct positive impact on the growth of the market. Trains are considered safe mode of transport irrespective of the weather conditions. Automation particularly in the transportation field has emerged considerably in order to dodge from human errors and improve accuracy and punctuality and efficiency of the transport. This has led to the penetration of automation in train transportation, as this has helped trains to be more punctual, safer, and efficient. Rise of different modes of train automation which requires no drivers, is triggering the demand for drive assistance systems.
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The driver assistance systems for locomotives market are known to cut down traction energy up to 10 to 20 %. This helps in increasing the life of components present in trains. Government of European countries are in a committed of reducing the carbon emission from the transport sector. Trains are considered to emit less in comparison to car, thus governing body are focusing on the development of trains. However, it has been noticed the cost of implementing driver assistance system is expensive as it consists of various electrical components. This is likely to be major factor deterring the growth of the market. Nonetheless, the market is likely to expand at 8.64% of CAGR during the assessed period.
The global driver assistance system market can be classified on the basis of train type, driver assistance system, component, and region. On the basis of train type, the market is segregated into long distance train, tram, suburban, monorail, and subway/metro. On the basis of driver assistance system application, the market is segregated into emergency braking system, switch detection, rail detection, fog pilot assistance system, automatic door opening and closure, anti-collision system, and rail signal detection
On the basis of geography, Asia-Pacific countries such as India and China is witness a significantly demand in train due to incessant rise in population. This has led the investors to invest more in these region. However, North America and Europe are adopting the advanced technology much sooner. Some of the major players in the market are Mitsubishi Electric, SIEMENS AG, Ansaldo STS, and CRRC Corporation limited.
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