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Globe and Mail
14 minutes ago
- Globe and Mail
Billion Dollar Autonomous Technology Sector Poised for Significant Revenue and Growth Opportunities
NEW YORK, Aug. 19, 2025 /CNW/ -- In the rapidly growing Artificial Intelligence market, the adoption of Autonomous & Sensor Technology is driving considerable growth. Factors such as increasing awareness of the benefits of AI and the convenience of online services are contributing to this growth rate. Understanding what impact this technology will have on a growing number of industries at present, enterprises in sectors such as government operations, security and threat detection industry, automotive, manufacturing, mining and utilities, have been especially effective at using autonomous technologies to achieve greater efficiency, safety and to achieve sustainability. According to Verified Market Reports, Trends such as the revolution in autonomous vehicles, expansion of drones and UAVs, adoption of autonomous robots in manufacturing, development of autonomous ships, integration in agriculture, AI-powered autonomous systems, and the establishment of regulatory frameworks are shaping this dynamic landscape. A report from projected that the market size in the Autonomous & Sensor Technology market is projected to reach US$32.85 billion in 2025 and the market size is expected to show an annual growth rate (CAGR 2025-2031) of 13.10%, resulting in a market volume of US$68.75 billion by 2031. In global comparison, the largest market size will be United States (US$9.67 billion in 2025). The report said: "As the adoption of autonomous and sensor technology increases, there is a growing trend towards personalized and intuitive user experiences. Consumers are seeking AI-powered solutions that can automate tasks and enhance overall efficiency, particularly in areas such as transportation and addition, there is a growing demand for AI-driven safety and security systems, driven by concerns over data privacy and the need for more reliable and accurate monitoring and surveillance. This shift towards AI-driven solutions is also fueled by the increasing integration of smart devices and connected technologies in daily life." Active Companies leading the way with innovation in autonomous and artificial intelligence operations include VisionWave Holdings Inc. (NASDAQ: VWAV), Mobileye Global Inc. (NASDAQ: MBLY), AEye, Inc. (NASDAQ: LIDR), NVIDIA Corporation (NASDAQ: NVDA), Palantir Technologies Inc. (NASDAQ: PLTR).
National Post
14 minutes ago
- National Post
Polara's Wireless Ped System Hits 10-State Milestone as Demand for Fast, Affordable APS Installations Grows
Article content Now in Atlanta, the Wireless Ped System Cuts Costs and Install Time While Maintaining Compliance Article content GREENVILLE, Texas — Polara Enterprises (Polara), leading supplier of Accessible Pedestrian Signals (APS) and ADA-compliant push buttons in North America, today announced the installation of its innovative Wireless Ped System (WPS) on Marietta Street in Atlanta. Polara helped the City of Atlanta install five systems at two intersections, bringing them up to ADA standard in under six hours without tearing up concrete, backing up traffic or preventing pedestrian access. That same work, done with traditional solutions, would have taken days or weeks to complete, affecting traffic and creating pedestrian detours. The latest deployment in Atlanta represents the 10th WPS installation across 10 different states, spotlighting WPS's growing impact and momentum. Article content 'This is another vital transportation tool the Atlanta Department of Transportation is using to support One Safe City, and it reflects our commitment to building a city for the future. We embrace innovative solutions that protect our visitors and residents, no matter how they choose to get around,' said Solomon Caviness, ATLDOT Commissioner. 'Installing APS with minimal disruption and cost shows our dedication to safety, accessibility, and smart infrastructure. WPS helps us serve all residents more efficiently and responsively, including seniors and pedestrians with disabilities.' Article content Polara's WPS enables rapid, PROWAG-compliant APS installations without the need for costly trenching, conduit work, complex wiring or extensive labor — saving agencies up to $65,000 per intersection. The WPS is gaining traction with DOTs and municipalities, accelerating accessibility upgrades across North America. Article content 'WPS transforms APS deployment and breaks barriers in pedestrian safety upgrades,' said Matt Baker, Vice President, Sales, Synapse ITS. 'With growing adoption across the country, we're proving that accessible infrastructure doesn't have to come with high costs or delays. This Atlanta installation marks our 10th state, and we can feel the momentum behind WPS growing. The Atlanta project highlights WPS's scalable potential. We're ready to meet the needs of cities prioritizing accessibility, speed, and budget efficiency.' Article content Polara's WPS employs a surface-mount pole and a wireless control unit, powered by solar and designed for smooth integration with existing intersections. Reliable, secure, and ADA/PROWAG/MUTCD‑compliant, the system delivers 'WALK' cycles with 99.99% communication uptime and rapid setup using a streamlined Field Service App. Article content To experience the WPS innovation in person, visit Booth 605 at the ITS World Congress in Atlanta Aug. 24-28, or see it in the field on Marietta Street. For more information, visit Polara is a member of the Synapse ITS family of brands. Synapse ITS is a leader in transportation safety infrastructure, committed to developing and delivering best-in-class, intelligent traffic safety solutions. Article content About Polara Enterprises Article content Polara designs and manufactures the most technologically advanced and durable ADA-compliant and pedestrian-friendly crosswalk devices on the market. With hundreds of thousands of Accessible Pedestrian Signals (APS) and push buttons installed across North America, Polara is one of the most trusted names in pedestrian safety. For more information, visit Article content About Synapse ITS Article content Article content Article content Article content Contacts Article content Media Contact Article content Article content Article content
National Post
14 minutes ago
- National Post
Output to Expand by 2.6% This Year, Returning to Growth After Two Years of Contraction - Forecast to 2029
Article content Article content DUBLIN — The 'Canada Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q2 2025)' report has been added to offering. Article content Construction industry in Canada to expand by 2.6% in real terms in 2025, returning to growth after two years of contraction. Growth will be driven by rising investment in both residential and non-residential buildings evidenced through increasing building permits. Article content The industry is however expected to face additional external risks in 2025, caused predominately by US President Donald Trump's move to place punitive tariffs on the country. Most notably for Canada, President Trump's decision to pause 'reciprocal tariff measures' on up to 60 countries for 90 days, starting April 9, 2025, instead applying a 10% baseline tariff, excluded Canada due its continuous retaliatory measures. Article content Canada instead continues to face a baseline of 25% tariff on many goods, with an exclusion on USMCA compliant goods and 10% tariffs on energy. Although Canada's retaliatory tariffs on the US products could be considered a positive measure to protect its domestic industries, retaliatory tariffs are expected to increase cost of production for contractors, lowering project viability. Article content The analyst expects the Canadian construction industry to continue its growth throughout the forecast period, increasing at an annual average rate of 2.8% during 2026-29. The industry will be supported by developments in the transport, energy and residential sectors, as well as by the 'Investing in Canada' plan that was initially launched in 2016. As part of the plan, the government will invest CAD180 billion ($131.9 billion) by the end of 2028, of which, approximately CAD157 billion ($115 billion) has already been invested in over 100,000 projects, as of March 2025, as per Canadian Government reports. Article content Out of the total 100,000 projects, 92% are now either completed or in the execution stage. Moreover, as part of the CAD6 billion ($4.4 billion) Canada Housing Accelerator Fund, initially launched in March 2023, the government is aiming to build 750,000 new homes by 2039. As part of this program, in March 2025, the Government of Canada signed agreements with 12 local governments to build 1,300 homes by 2028. Article content Scope Article content Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Canada, featuring details of key growth drivers. Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline. Listings of major projects, in addition to details of leading contractors and consultants Article content Reasons to Buy Article content Key Topics Covered: Article content 1 Executive Summary Article content 2 Construction Industry: At-a-Glance Article content 3 Context Article content 3.1 Economic Performance Article content 3.2 Political Environment and Policy Article content 3.3 Demographics Article content 3.4 Risk Profile Article content 4 Construction Outlook Article content 4.1 All Construction Article content Outlook Latest news and developments Construction Projects Momentum Index Article content 4.2 Commercial Construction Article content Outlook Project analytics Latest news and developments Article content 4.3 Industrial Construction Article content Outlook Project analytics Latest news and developments Article content 4.4 Infrastructure Construction Article content Outlook Project analytics Latest news and developments Article content 4.5 Energy and Utilities Construction Article content Outlook Project analytics Latest news and developments Article content 4.6 Institutional Construction Article content Outlook Project analytics Latest news and developments Article content 4.7 Residential Construction Article content Outlook Project analytics Latest news and developments Article content 5 Key Industry Participants Article content 5.1 Contractors Article content 5.2 Consultants Article content 6 Construction Market Data Article content 7 Appendix Article content For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Article content Article content Article content Article content Article content Contacts Article content Article content
