RAILWAY AI MARKET
INTRODUCTION
AI can improve rail transportation by providing features such as ticket-free check-in, accurate arrival-time predictions, personalised infotainment and onboard services, real-time track health diagnostics, and speedy emergency response.
Artificial intelligence (AI)-powered systems and apps are improving efficiency and safety in a variety of industries, including the railway. The intelligent platform is used in one application to process acquired photographs of crucial roadside equipment in real time on special rail inspection trains.
The rail sector has long been in need of modernization, notably in the area of autonomous operation, which is now achievable thanks to artificial intelligence. The rail sector must include AI into its modernisation to improve areas of operation in order to compete with the shift to autonomous cars in road transportation of both cargo and people.
The nature of the rivalry and the desire for expansion, on the other hand, makes AI as appealing to the railways as it is to any other industry. AI-adopting companies should expect increased revenue, including AI-driven revenue gains, as well as lower costs.
AI has the potential to increase the railways’ bottom line significantly. Other complementing trends and characteristics, on the other hand, make AI adoption ideal for railways.
RAILWAY AI MARKET SIZE AND FORECAST
The Global Railway AI Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2024 to 2030.
RAILWAY AI MARKET NEW PRODUCT LAUNCH
The AVA-RAGX AI-enabled video analytics platform from ADLINK was launched with the goal of addressing next-generation railway applications such as passenger security, danger identification, and railroad incursion detection.
Sberbank and Cognitive Technologies Group’s autonomous driving joint venture, Cognitive Pilot, has earned the Eurasian Economic Union’s Declaration of Conformity to Technical Regulations for their Cognitive Rail Pilot AI-based shunting locomotive driver aid system.
COMPANY PROFILES IN RAILWAY AI MARKET
RAILWAY AI MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many Railway AI are manufactured per annum globally? Who are the sub-component suppliers in this region?
- Cost breakup of a Global Railway AI and key vendor selection criteria
- Where is the Railway AI manufactured? What is the average margin per unit?
- Market share of Railway AI manufacturers and their upcoming products
- The cost advantage for OEMs who manufacture Global Railway AI in-house
- key predictions for the next 5 years in the Global Railway AI market
- Average B-2-B Railway AI price in all segments
- Latest trends in the Railway AI, by every market segment
- The market size (both volume and value) of the Railway AI in 2024-2030 and every year in between?
- Production breakup of the Railway AI market, by suppliers and their OEM relationship
