Description
Canada Railway AI Market 2022-2030
INTRODUCTION
Rail technologies need to be standardised in order to save costs and increase the appeal of rail to commuters and intercity travellers.
Despite this, new research reveals that AI can play significant roles in the railway industry, including optimising complex railway systems, detecting infrastructure faults/defects, enhancing customer service quality, and improving safety and security of urban train networks.
Due to its efficiency, cost-competitiveness, and environmental friendliness in comparison to other forms of transportation, rail transportation is once again being viewed favourably.
CANADA RAILWAY AI MARKETÂ SIZE AND FORECAST
The Canada Railway AI Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
NEW PRODUCT LAUNCH
Canadian national railroad corporation CN has awarded Wabtec a contract for the implementation of its precision dispatch system (PDS). PDS was designed to run trains in signalled and dark terrain safely and effectively.
Through end-to-end electronic communication of mandated directives and automatic implementation of authorities in dark areas, the system uses this data to provide advanced automation. The method lowers maintenance and operational costs and guards against human error.
MARKET DYNAMICS
A significant step toward train autonomy has been reached with the completion of Thales’ 18-month WinterTech Programme in partnership with Toronto-based technological scale-up Invision AI and Metrolinx.
This programme was designed to give increased situational awareness, safety enhancements, and operational advantages while verifying the performance and dependability of a rail-centric system.
A Metrolinx GO train equipped with the technology was run in shadow mode on numerous lines in Toronto as part of the project. Data was gathered by the train from a variety of sensors, including radars, cameras, and lidar, thanks to 4G/LTE capabilities that were cyber-secured.
The technology was then upgraded to recognise obstacles in all weather situations using the acquired data. Through sensors that track possible barriers for rail transit operators, this innovative system is anticipated to improve safety while supplying accurate real-time data for maintenance and operations.
COMPANY PROFILE
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Canada Railway AI Market right now and how will it change in the next 5-6 years?
- Average cost to set up a Railway AI Market in Canada?
- How many Canada Railway AI Markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Canada Railway AI Market and key vendor selection criteria
- Where is the Canada Railway AI Market manufactured? What is the average margin per equipment?
- Market share of Canada Railway AI Market manufacturers and their upcoming products
- The most important planned Canada Railway AI Market in next 2 years
- Details on network of major Canada Railway AI Market and pricing plans
- Cost advantage for OEMs who manufacture Canada Railway AI Market in-house
- 5 key predictions for next 5 years in Canada Railway AI Market
- Average B-2-B Canada Railway AI Market price in all segments
- Latest trends in Canada Railway AI Market, by every market segment
- The market size (both volume and value) of Canada Railway AI Market in 2022-2030 and every year in between?
- Global production breakup of Canada Railway AI Market, by suppliers and their OEM relationship
