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Although the consequences of the coronavirus epidemic were not immune to the rail sector, travel and transportation have slowly resumed.
Organisations need to plan for recovery to help assure long-term survival and profitability in a post-pandemic environment as nations open up and demand for both passenger travel and freight transportation of products starts to rebuild.
Technology-driven innovation is increasingly becoming a requirement for supply chain stability and company continuity. In a post-COVID environment, new technologies like artificial intelligence, cloud computing, and mobile capabilities will enable the railroad sector to flourish and recover more quickly.
The Thailand 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.
The State Railway of Thailand (SRT) and Thailand Post are two Thai government organisations that are looking to the Internet of Things and blockchain technology, respectively, to improve their logistics. Over the next three years, the Thai railway system will invest in new information and communications technologies.
Railway stations will be able to alert passengers on platforms of delays thanks to IoT sensors attached to trains, which will allow them to know exactly when trains are due to arrive.
They will connect with the railway signalling system in the event of accidents, allowing officials to quickly halt the train. Additionally, the logistics for delivering items will be improved.
The blockchain would be used to trace the delivery of expensive packages, including those containing luxury goods. Only authorised individuals are permitted to open packages on a blockchain, making it safe and trustworthy.
An automated mass transit system (MRT) called the Gold Line is being built in Bangkok, Thailand. It will act as a supplementary mass transportation system to connect various forms of public transportation and is the nation’s first driverless transit line.
The first MRT in Thailand to use an autonomous guideway transit system is the Gold Line. Smaller columns than conventional rail systems are employed in the design, which makes it possible to build in areas with limited space.
Thonburi city, which is developing into a new potential economic sector, will now have a new rail connection thanks to the automated transit system.