Europe Railway AI Market 2024-2030

United States dollar ($) - USD
  • Euro (€) - EUR
  • United States dollar ($) - USD

The capabilities of condition-based maintenance and predictive maintenance regimes for railways are thought to be significantly enhanced by AI-powered video analytics. For instance, one can utilize a multi-layer neural network (deep learning) and a statistics optimization model to automatically detect cracks in tunnel linings.

The efficiency and safety of the maintenance workers are also major goals of this project. Combating fare evasion issues by using the automatic real-time analytics system to detect suspicious fraudulent behavior at ticket gates and send alerts to help inspectors perform selective controls is another way that AI-powered video analytics are used to increase operational staff efficiency and security management. It is obvious that AI systems have great potential and can address the pressing issues that the railway industry is currently facing.

Description

EUROPE RAILWAY AI MARKET SIZE AND FORECAST

The Europe Railway AI Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

MARKET DYNMAICS

By utilising real-time monitoring and machine learning algorithms, the AI-based Nokia Scene Analytics system being implemented by Swiss public transportation provider Baselland Transport (BLT) in Münchenstein intends to increase the safety of railroad crossings.

This implementation, done in partnership with Nokia, is a positive step toward employing analytics as an additional layer of security in risky environments. By giving crucial information in real-time, Nokia Scene Analytics serves as an intelligent set of “eyes” and helps to prevent or lessen the effects of an occurrence.

By reducing downtime and delays, the installation of Scene Analytics at railroad crossings also improves operating efficiency. AI-based platforms detect the object type in addition to sending anomalies to railway security in real-time, giving forensic investigators a fuller picture of the scenario after an incident.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. What is the average cost per  Europe Railway AI Market  right now and how will it change in the next 5-6 years?
  2. Average cost to set up a Railway AI Market  in Europe?
  3. How many European Railway AI Market  are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  4. What is happening in the overall public, globally?
  5. Cost breakup of a  Europe Railway AI Market  and key vendor selection criteria
  6. Where is the Europe Railway AI Market  manufactured? What is the average margin per equipment?
  7. Market share of Europe Railway AI Market  manufacturers and their upcoming products
  8. The most important planned  Europe Railway AI Market  in next 2 years
  9. Details on network of major Europe Railway AI Market  and pricing plans
  10. Cost advantage for OEMs who manufacture Europe Railway AI Market  in-house
  11. 5 key predictions for next 5 years in Europe Railway AI Market
  12. Average B-2-B Europe Railway AI Market price in all segments
  13. Latest trends in Europe Railway AI Market, by every market segment
  14. The market size (both volume and value) of Europe Railway AI Market in 2024-2030 and every year in between?
  15. Global production breakup of Europe Railway AI Market, by suppliers and their OEM relationship

Additional information

Language

english

Publisher

Mobility Foresights

Release date

2024

Companies Profiled

HAVE A QUESTION?
We will help you find what you are looking for.
Simply arrange a meeting!
Contact NOW
Our Partner
Back to top of page