The global radar & LiDAR technology for railways application market is estimated at US$ 1.5 billion in 2023. The market is projected to reach US$ 3.7 billion by 2033, exhibiting 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.
Radar and LiDAR technology are essential in railway applications. These technologies may be employed to track railway track faults, avoid rail collisions, detect pedestrians, track and control trains, and for a variety of other applications.
Radar systems are primarily used for train traffic control and the detection of objects on train tracks. In contrast, LiDAR technology sensors are used to conduct surveys to collect information about the railway track's surrounding land in order to plan the most effective railway route.
| Attributes | Details |
|---|---|
| Radar & LiDAR Technology for Railways Application Market Value (2022) | US$ 1.4 billion |
| Radar & LiDAR Technology for Railways Application Market Value (2023) | US$ 1.5 billion |
| Radar & LiDAR Technology for Railways Application Market Expected Value (2033) | US$ 3.7 billion |
| Radar & LiDAR Technology for Railways Application Market Projected CAGR (2023 to 2033) | 9.1% |
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The radar & LiDAR technology for the railways application market was estimated to grow at a CAGR of 7% from 2018 to 2022. The global adoption of smart railway systems is expected to drive the growth of radar and LiDAR technology for the railway applications market.
The role of data and IoT in transportation sectors such as railways has expanded beyond accounting, logistics and shipping management, and resource management to include day-to-day railway operations. To name a few, these functions involve scheduling, train safety, calculating financial advantages, and so on.
Keeping up with the widespread adoption of technology by rail operators, technology solution suppliers have improved their range of services for engaged participants. Integration of virtualization, custom asset management software, and analytical and predictive modeling has emerged as a regular business function requiring a successful approach.
As railways transition to semi-autonomous transport throughout the next ten years, the demand for these smart railway solutions will grow. Meanwhile, railway operators are testing smart railway solutions such as radar and LiDAR systems in order to provide a smooth and safe transportation experience.
LiDAR data can be collected using one of three types of equipment platforms: ground-based stationary, mobile, or aerial. Ground-based LiDAR systems are ideal for gathering information for close-range applications. Mobile LiDAR scanners provide dense, precise, and feature-rich data at driving speeds, making them highly beneficial for tracking train motions while running on tracks.
A mobile LiDAR system is mounted on a vehicle or train locomotive to function on the track and map the surrounding region. With the ability to deliver measurements at a pace of up to 1.1 million per second, mobile LiDAR is ideal for mapping rail corridors. As a result, it has become an essential tool for railway infrastructure project strategy, design, development, activities, servicing, protection, research, and asset management.
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Through guided or even autonomous driving features, LiDAR, as one of the chosen sensors, makes trains less hazardous and lowers exploitation expenses. LiDAR systems are increasingly utilized in autonomous trains to enhance efficiency and determine barriers quickly.
Radar & LiDAR devices are employed to determine the speed of a fast-moving train, record track inconsistencies, and assess the rail track quality. It demonstrates speed signals from both rails separately using two pairs of lenses.
Enterprises such as XenomatiX offer advanced LiDAR systems with the high resolution and accuracy needed to monitor critical and expensive rail transport modes. Furthermore, companies such as Thales are incorporating LiDAR systems into autonomous trains to gain insight into the track environment and detect obstacles.
However, the cost of LiDAR systems, such as high-end hardware, sensors, scanners, and so on, is around USD 75,000 per unit. The high cost of LiDAR sensors, which act as railway eyes, has been one of the primary technical barriers to the prevalent commercialization of smart railway systems.
The cost of a LiDAR project, on the other hand, is determined by project scope, location, boundary shape, point density, deliverables, time frame, weather patterns, and so on. Although the cost of LiDAR systems is expected to fall in the coming years as more players enter and introduce new products to the market, the current cost of surveying with LiDAR is high, particularly for large-scale projects.
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The United States market is expected to grow at a CAGR of nearly 10.4% through 2033. FMI expects the United States to remain one of the most profitable markets in North America throughout the forecast period, owing to the presence of prominent radar and LiDAR technology vendors in the region.
Due to the COVID-19 pandemic, the adoption of radar and LiDAR technology for railway applications in the United States is declined marginally between 2020 and 2022.
The United States government is investing heavily in passenger rail systems in order to increase productivity, increase property values, and reduce costs compared to other modes of transportation. This is projected to drive market sales in the coming years. According to the report, the United States was predicted to account for a market share of 19.8% in 2022.
Leading industries in Europe are increasingly embracing technology. The United Kingdom has a well-developed railway infrastructure, and many railway operators in the country use advanced digital railway solutions. The nation has been investing in railway infrastructure modernization.
A 2019 study for the United Kingdom's railway firms, for instance, predicted that a US$ $70 billion rail investment into the 2020s could yield an additional US$ $118 billion in financial advantages to the country.
Measures taken by the government to expand the nation's high-speed rail network and fill transportation gaps are projected to fuel the growth of the radar and LiDAR technology for railways application market. According to the report, the United Kingdom is predicted to grow at a CAGR of 12.8% over the forecast period.
The growing use of mobile laser scanning to reach and collect data from dangerous construction sites, restricted areas, and overgrown vegetation is opening up new opportunities. It also includes static scanning systems in the mobile LiDAR scanner, resulting in more detailed point clouds.
LiDAR scanners contain features such as collection efficiency, precise positional processing, 3D visualization excellence, cost and schedule effectiveness, and so on. The dependability of such features propels the mobile LiDAR scanner market forward. As a result, the mobile LiDAR scanner segment is expected to grow rapidly under the device segment. Moreover, the device segment was expected to account for a market share of 58.9% in 2022.
During the forecast period, the global radar sensor modules segment is expected to grow significantly. The radar sensor modules market is growing due to factors such as increased demand for border protection systems and increased demand for security and protection in automobiles.
Implementation of wideband 5G and millimeter wave-based RF systems also contributes to market growth. However, the high development and installation costs are a major impediment to the global radar sensor industry. Moreover, the radar sensor modules segment was expected to account for a market share of 70.9% in 2022.
Companies operating in the market rely on various expansion strategies to increase their penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.1% from 2023 to 2033 |
| Market Value in 2023 | US$ 1.5 billion |
| Market Value in 2033 | US$ 3.7 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
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| Key Companies Profiled |
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| Customization & Pricing | Available upon Request |
In 2023, the worldwide market value could be around US$ 1.5 billion.
The overall market valuation is anticipated to reach nearly US$ 3.7 billion by 2033.
The United States leads the global market and accrued a revenue share of 19.8% in 2022.
The growing demand in the United Kingdom at 12.8% may drive the Europe Market up till 2033.
Radarxense, Radar Vision, and Earth Radar are some top market suppliers.
1. Executive Summary | Radar & LiDAR Technology for Railways Application Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Radar Technology
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Radar Technology, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Radar Technology, 2023 to 2033
5.3.1. Radar Sensor Modules
5.3.1.1. Speed Measurement Radar Sensors
5.3.1.2. Distance Measurement Radar Sensors
5.3.2. Service
5.3.2.1. Integration & Installation Services
5.3.2.2. Support Services
5.4. Y-o-Y Growth Trend Analysis By Radar Technology, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Radar Technology, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By LiDAR Technology
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By LiDAR Technology, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By LiDAR Technology, 2023 to 2033
6.3.1. Devices
6.3.1.1. Mobile LiDAR Scanners
6.3.1.2. Aerial LiDAR Drones
6.3.1.3. On-board LiDAR Sensors
6.3.2. LiDAR Processing & Mapping Software
6.3.3. Services
6.3.3.1. LiDAR Survey & Mapping Services
6.3.3.2. Consulting Services
6.3.3.3. Support Services
6.4. Y-o-Y Growth Trend Analysis By LiDAR Technology, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By LiDAR Technology, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Railway Track Faults Detection
7.3.2. Rail Collision
7.3.3. Pedestrian Detection
7.3.4. Train Tracking & Control
7.3.5. Others
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. South Asia
8.3.5. East Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. United States of America
9.2.1.2. Canada
9.2.2. By Radar Technology
9.2.3. By LiDAR Technology
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Radar Technology
9.3.3. By LiDAR Technology
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Radar Technology
10.2.3. By LiDAR Technology
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Radar Technology
10.3.3. By LiDAR Technology
10.3.4. By Application
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Radar Technology
11.2.3. By LiDAR Technology
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Radar Technology
11.3.3. By LiDAR Technology
11.3.4. By Application
11.4. Key Takeaways
12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Malaysia
12.2.1.3. Singapore
12.2.1.4. Thailand
12.2.1.5. Rest of South Asia
12.2.2. By Radar Technology
12.2.3. By LiDAR Technology
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Radar Technology
12.3.3. By LiDAR Technology
12.3.4. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Radar Technology
13.2.3. By LiDAR Technology
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Radar Technology
13.3.3. By LiDAR Technology
13.3.4. By Application
13.4. Key Takeaways
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Radar Technology
14.2.3. By LiDAR Technology
14.2.4. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Radar Technology
14.3.3. By LiDAR Technology
14.3.4. By Application
14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Radar Technology
15.2.3. By LiDAR Technology
15.2.4. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Radar Technology
15.3.3. By LiDAR Technology
15.3.4. By Application
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. United States of America
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Radar Technology
16.1.2.2. By LiDAR Technology
16.1.2.3. By Application
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Radar Technology
16.2.2.2. By LiDAR Technology
16.2.2.3. By Application
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Radar Technology
16.3.2.2. By LiDAR Technology
16.3.2.3. By Application
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Radar Technology
16.4.2.2. By LiDAR Technology
16.4.2.3. By Application
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Radar Technology
16.5.2.2. By LiDAR Technology
16.5.2.3. By Application
16.6. United Kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Radar Technology
16.6.2.2. By LiDAR Technology
16.6.2.3. By Application
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Radar Technology
16.7.2.2. By LiDAR Technology
16.7.2.3. By Application
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Radar Technology
16.8.2.2. By LiDAR Technology
16.8.2.3. By Application
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Radar Technology
16.9.2.2. By LiDAR Technology
16.9.2.3. By Application
16.10. India
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Radar Technology
16.10.2.2. By LiDAR Technology
16.10.2.3. By Application
16.11. Malaysia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Radar Technology
16.11.2.2. By LiDAR Technology
16.11.2.3. By Application
16.12. Singapore
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Radar Technology
16.12.2.2. By LiDAR Technology
16.12.2.3. By Application
16.13. Thailand
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Radar Technology
16.13.2.2. By LiDAR Technology
16.13.2.3. By Application
16.14. China
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Radar Technology
16.14.2.2. By LiDAR Technology
16.14.2.3. By Application
16.15. Japan
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Radar Technology
16.15.2.2. By LiDAR Technology
16.15.2.3. By Application
16.16. South Korea
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Radar Technology
16.16.2.2. By LiDAR Technology
16.16.2.3. By Application
16.17. Australia
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Radar Technology
16.17.2.2. By LiDAR Technology
16.17.2.3. By Application
16.18. New Zealand
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Radar Technology
16.18.2.2. By LiDAR Technology
16.18.2.3. By Application
16.19. GCC Countries
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Radar Technology
16.19.2.2. By LiDAR Technology
16.19.2.3. By Application
16.20. South Africa
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Radar Technology
16.20.2.2. By LiDAR Technology
16.20.2.3. By Application
16.21. Israel
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Radar Technology
16.21.2.2. By LiDAR Technology
16.21.2.3. By Application
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Radar Technology
17.3.3. By LiDAR Technology
17.3.4. By Application
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Radarxense BV
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Radar Vision
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Earth Radar Pty Ltd
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Bosch Mobility Solutions
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Navtech Radar
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. ELVA-1
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. DEUTA-WERKE GmbH
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Hupac Intermodal
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. BlackBerry Limited
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Leica Geosystems AG
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Radar & LiDAR Technology for Railways Application Market
