High Range Obstacle Detection System Market Scope, Growth, Size and Share by 2027
High Range Obstacle Detection System Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 13.79 Billion |
Market Size by 2031 | US$ 26.78 Billion |
Global CAGR (2023 - 2031) | 8.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
High Range Obstacle Detection System Market News and Recent Developments
The High Range Obstacle Detection System Market
is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:- In May 2023, The Bosch Engineering Center in Cluj announced the installation of a collision warning system developed by Bosch called Tram Forward Collision Warning (TFCW) on a tram that is part of the fleet of the Cluj-Napoca Public Transport Company (CTP). The system assists tram drivers in critical situations by providing audible and visual warnings, thus enhancing safety for tram drivers, passengers, and other traffic participants. The tram collision warning system supports drivers in critical situations by warning them in a timely fashion about obstacles on the tracks, especially in conditions of congested traffic or reduced visibility. This allows drivers to avoid accidents or significantly reduce damage. (Press Release, 2023)
High Range Obstacle Detection System Market Report Coverage and Deliverables
The “High Range Obstacle Detection System Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles