The global Driver Assistance System (DAS) market is valued at 24800 million US$ in 2020 is expected to reach 72990 million US$ by the end of 2027, growing at a CAGR of 16.6% during 2020-2027.
Advanced driver-assistance systems, or ADAS, are systems to help the driver in the driving process. When designed with a safe human-machine interface, they should increase car safety and more generally road safety. The European Driver Assistance System market is expected to hold the largest share by 2025 owing to the major driving factors such as matured automotive sector, higher adoption of advanced technology, and high consumer preference for the driver safety and safety regulations.
the global market is likely to be influenced by a range of political, economic, social, technical, and industry-specific factors. Latin America is expected to witness rapid rise in demand for driver assistance system in public transits such as trains, with the market in the region anticipated to expand at a CAGR of 27% during the forecast period.
A key restrain to the driver assistance system (DAS) market for locomotive is its cost. The driver assistance system comprises several electronic and mechanical components such as ECU, actuators, and sensors. Thus, implementing driver assistance system in train leads to higher expense.
Human safety is of utmost importance for any industry. Trains are considered to be a risky mode of transportation. Control over a train cannot be achieved within possible time due to its speed and size. This is supported by the statistics on the fatalities caused by train accidents. In 2016, more than 50,000 people lost their lives due to rail accidents. In the 28 nations of the EU, 1,723 persons were killed in train accidents, which is 6% rise from the previous year (2015). India has serious issues associated with rail transportation. Every year, more than 15,000 people in India lose their lives owing to train-related fatalities. There needs to be a system which can monitor the train and improve driving conditions for the driver and traveling conditions for passengers. Driver assistance systems provide greater functionality and effectiveness for trains. Various regulations are imposed by regulatory bodies on the automotive industry and mandated several systems or applications for vehicles to curb the accident rate. Such regulations are likely to be imposed on trains. However, train component manufacturers need to include DAS in old running and new trains in order to comply with such regulations. This is likely to boost the driver assistance system (DAS) market for locomotive.
Developing and under-developed countries in Latin America are more focused on implementation of long-distance trains in the region. Governments of countries such as Chile and Argentina are spending more on railways in their budgets. Expansion of the IT sector is providing a boost to the economy in the region. Usage of suburban, monorail, and metro as modes of public transit is increasing in order to commute within urban areas. Monorails are highly preferable in the city with less population and space. Trams are an older mode of public transport. Trams are not suitable for large cities or metropolitan areas. Therefore, the tram segment is likely to expand at a sluggish pace, as compared to other train type segments. Older trams are likely to be equipped with DAS. In terms of revenue, the long distance train segment is expected to reach US$ 3.6 Mn by the end of 2026, expanding at a CAGR of more than 20% during the forecast period.
Driver assistance systems for locomotives are able to reduce traction energy consumption by about 10% to 20%. These systems manage the functioning of train components such as couplers, knuckles, wheels, and brake shoes, thereby increasing the life of components significantly. The driver assistance systems for locomotives utilize precise modeling of the train and its surrounding and real-time data available from sensors, which in turn reduces in-train forces, resulting in minimized rate of component wear and tear. 28 European members of International Union of Railways (UIC) have collectively committed to reduce CO2 emissions per passenger kilometer and ton/kilometer by 50% by 2030, and are focused to meet the commitment. Likewise, the European Union other nations are focusing on reduction of CO2 emission in order to meet the Paris Climate Accord, which was signed by 195 countries with a commitment to keep the global temperature rise within 2 degree Celsius. Train transport is a significantly less polluting mode of transport, which emits only 2.2 gm of CO2 per passenger per kilometer, whereas a car produce 115 gm CO2 per passenger per kilometer. Consequently, governing bodies are investing in railway transport to enhance safety, connectivity, punctuality, and reduce traveling time, and hence, driver assistance system for locomotive is marginally effective. Governing bodies are emphasizing on the implementation of driver assistance systems in trains, which is primarily driving the driver assistance system (DAS) market for locomotive across the globe. Enhanced train safety, improved train efficiency and performance, decreased train component wear and tear, and train punctuality are prominent drivers of the driver assistance system (DAS) market for locomotive.
Advancements in processes used to manufacture driver assistance systems, development in the materials utilized to produce the components that are employed to manufacture DAS, and development in design of systems that are compact and highly effective are fueling the driver assistance system (DAS) market for locomotive.
The Driver Assistance System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Driver Assistance System market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Driver Assistance System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Driver Assistance System market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Driver Assistance System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Driver Assistance System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Driver Assistance System by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Driver Assistance System market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Driver Assistance System market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Driver Assistance System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Driver Assistance System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Driver Assistance System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Driver Assistance System market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Driver Assistance System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Driver Assistance System market. These factors have benefited the growth of the global market for Driver Assistance System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Driver Assistance System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Key players operating in the global driver assistance system market for locomotive include Thales Group, Alstom S.A., Bombardier Transportation Hitachi Ltd., CRRC Corporation limited, Ansaldo STS, SIEMENS AG, Mitsubishi Electric, Robert Bosch GmbH, Knorr-Bremse AG, and Wabtec Corporation.
Global Driver Assistance System (DAS) Market for Locomotive, by Train Type
Global Driver Assistance System (DAS) Market for Locomotive, by Driver Assistance Application
Global Driver Assistance System (DAS) Market for Locomotive, by DAS Component
Global Driver Assistance System (DAS) Market for Locomotive, by Region
In this study, the years considered to estimate the market size of Driver Assistance System are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: