The general public transport ITS market in Europe and North America to succeed in € 4.3 billion by 2027

Berg Perception, the world’s main IoT market analysis supplier, at this time launched new findings about the marketplace for Clever Transport Techniques (ITS).

The estimated market worth for ITS deployed in public transport operations in Europe was € 2.15 billion in 2022. Rising at a compound annual development fee (CAGR) of 6.3 p.c, this quantity is anticipated to succeed in € 2.92 billion by 2027. The North American marketplace for public transport ITS is equally forecasted to develop at a CAGR of 8.8 p.c from € 0.88 billion in 2022 to succeed in € 1.34 billion in 2027.

Berg Perception is of the opinion that the marketplace for ITS in public transport is in a development part which can proceed all through the forecast interval. Appreciable funding goes towards electrification of the general public transport fleet, which would require extra subtle ITS options to function easily. As well as, the rising calls for from travellers for comfort and accessible real-time data contribute to a optimistic market scenario. Governments in each Europe and North America view public transport as a prioritised space for funding. The Canadian authorities has for instance introduced a CAD 2.75 billion (€ 2.0 billion) funding towards electrical buses, faculty buses and associated charging infrastructure between 2021–2026.

A gaggle of worldwide aftermarket resolution suppliers has emerged as leaders in the marketplace for public transport ITS. Main suppliers throughout Europe and North America embrace Canada-based Trapeze Group and Germany-based INIT, which have important put in bases in each areas. Intelligent Units and Conduent maintain main positions on the North American public transport ITS market. The previous has expanded into Europe with an acquisition and the latter is a world supplier of fare assortment programs. Further firms with notable market shares in North America embrace Cubic Transportation Techniques and Avail Applied sciences. Siemens Mobility is a outstanding vendor of software program in each Europe and North America.

Examples of main distributors on nationwide markets in Europe embrace EQUANS and RATP Sensible Techniques, which maintain main positions in France. IVU is a crucial participant primarily within the German-speaking a part of Europe. Vix Know-how, Flowbird and Ticketer are furthermore main suppliers on the UK market. Different important gamers embrace the Spanish teams GMV, Indra and Grupo ETRA; French Thales; Atron in Germany; Scandinavian FARA, Pilotfish and Consat Telematics; and Austria-based Swarco and Kontron Transportation. Volvo Group and Daimler are furthermore notable gamers from the automobile OEM section, whereas firms comparable to Scania, Iveco, Gillig and New Flyer additionally supply some typical OEM telematics options for his or her buses.

“We’re more and more seeing that options are developed with standardisation and interoperability in thoughts. ITS resolution suppliers are actually for instance generally requesting labels of compliance from customary organisations,” stated Caspar Jansson, IoT Analyst at Berg Perception. Interoperability opens up many new prospects for varied stakeholders within the ITS ecosystem.

Mr. Jansson concluded:

“The standardisation efforts allow public transport businesses to mix aggressive options from a number of distributors of their networks. The primary tenders explicitly requiring tools to be compliant with the ITxPT customary have now been issued.”