Fascinating Global Train Collision Avoidance System Market 2019-2023 Tactics That Can Help Your Business Grow



One of the key factors driving the growth of the market is the increasing adoption of high-speed rail networks by emerging economies. Developing nations are using high-speed trains to provide cost-effective and safe transportation. The expanding railway network and incremental use of trains by passengers also boost the demand for high-speed rail. Moreover, the growth in adoption of high-speed rail in emerging economies can be attributed to the increase in disposable income among the lower middle-class population. These factors will automatically result in high demand for train collision avoidance systems because they help to avoid accidents by offering timely warning or situational awareness. 

Request for a FREE sample and get selected illustrations, table of contents, list of exhibits, and example pages from this report.

As per Technavio, the increasing adoption of IoT in railways will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global train collision avoidance system market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over the forecast period.
Global train collision avoidance system market: Increasing adoption of IoT in railways
To control and manage technology and communication systems, there is a high adoption of IoT in modern railways. This is further facilitated by the growing capabilities of industrial IoT components and systems. Moreover, IoT also helps railroad companies achieve condition-based and predictive maintenance models. The train collision avoidance systems incorporated with IoT are increasingly being used by railways as they allow operators to perform early predictive maintenance and reduce the chances of breakdown during operation.

“SNCF, a French railway operator started the implementation of IoT in train scheduling and maintenance operations. The operator is jointly working with IBM to utilize its Watson IoT and cloud platforms for predictive maintenance and early warning. Similarly, in the city of Linz, Austria, the implementation of IoT can be seen in the light rail transit system. This system involves ticketing machines and stations using IoT systems to improve transportation efficiency and customer experience,” says a senior analyst at Technavio. 

Global train collision avoidance system market: Segmentation analysis
This market research report segments the global train collision avoidance system market by application (freight trains and passenger trains) and geographical regions (Europe, North America, APAC, MEA, and South America).
Europe led the market in 2018 with a market share of close to 36%, followed by North America, APAC, MEA, and South America respectively. The dominance of Europe can be attributed to the presence of several major companies including, Alstom, Siemens, and Thales Group that operates in the railway transportation sector. The region is also witnessing high demand for upgraded railway infrastructure with new advanced solutions and efficient monitoring systems.


Comments

Post a Comment

Popular posts from this blog

Global Athleisure Market 2019-2023

Image
The global athleisure market expected to witness a CAGR of almost 7% during the forecast period. Certain factors that are driving the market growth include increasing online sales, increasing adoption of fitness initiatives by corporates, and rise and evolution of athleisure movement.     See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report . Get a FREE sample now! The increasing adoption of athleisure wear by millennial population is due to the growing popularity and by the influence of social media and peer networking. Furthermore, the rising popularity of the athleisure movement and its influence on fashion are opening vast growth opportunities for the market. As a result, many global brands are aligning their market strategies around athleisure movement. Hence, the rise and evolution of the athleisure movement by millennials and the working population is fueling the growth of t...
Read more

Global Flexographic Printing Machine Market 2019-2023

Flexographic printing is an economical alternative to digital printing for medium-to-long print runs, simple designs, and color combinations. It uses flexible plates to transfer the ink onto a substrate and can achieve quick line speeds. Hence, they can be used to print large orders in short lead times. The production speed of flexographic label printers is high, and the inks cost less than digital label printers. Flexographic printing also allows operators to alter labels without any additional expenses. Such benefits of flexographic printing have increased its usage in producing labels for applications such as packed food products, apparels, toiletries, health information labels, kitchenware, chemical labels, and others. This   global flexographic printing machine market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023. Global flexographic printing machine market: Increasing popularity of flexo-...
Read more

Pump Up Your Sales With These Remarkable Power Transmission Lines and Towers Market Tactics

Image
The power transmission lines and towers market size has the potential to grow by USD 8.88 bn during 2020-2024, and the market's growth momentum will accelerate during the forecast period. This report provides a detailed analysis of the market by type (HVAC and HVDC) and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including ABB Ltd., AECOM, Arteche Group, Lamifil NV, MasTec Inc., MYR Group Inc., Nexans SA, Prysmian Spa, Quanta Services Inc., and Siemens AG. Market Overview Browse TOC and LoE with selected illustrations and example pages of Power Transmission Lines and Towers Market Request a FREE sample now! Market Competitive Analysis The market is fragmented. ABB Ltd., AECOM, and Arteche Group are some of the major market participants. Although the Rapid growth in demand for high-voltage transmission lines in the uti...
Read more