Post by
wanttoknowwhy on Dec 26, 2020 10:58am
smart railways and smart space market
"The smart railways market size to grow from 20.5 billion in 2019 to USD 39.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.7% during 2019–2024. Major growth drivers for the market include technological advancements targeted toward the enhancement of customer experience, government initiatives for smart cities and Public-private partnership (PPP) working model, and adoption of Internet of Things (IoT) as well as automation technologies to enhance optimization."
https://www.marketsandmarkets.com/Market-Reports/smart-railways-market-960.html
"The global smart space market size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. The increasing venture capital funding and growing investments in smart space technology to drive market growth."
https://www.marketsandmarkets.com/Market-Reports/smart-space-market-252626748.html
Comment by
cabbieJBJ on Dec 27, 2020 11:54am
Wanttoknowwhy, Bombarier has a rail division that is no longer a core business and they are unloading. There could be some very interesting ITS parts that may be available (not rilcars).
Comment by
wanttoknowwhy on Dec 28, 2020 10:06am
cabbie, if any ITS part purchased from Bombardier can help QTRH to get more 5G ITS contracts for EU rail transportation, it will be great considering EU has a big and advanced rail transportation system. Thanks
Comment by
cabbieJBJ on Dec 31, 2020 10:26am
wanttoknowwhy, and Bombardier now considers the rail business as non core since they sold the train operation to Alstrom. Lots of ITS assets that could be available. Maybe the Caisse would help with financing for jobs in PQ? Keep this on your radar.