Public transport ITS market in Europe and North America to grow 7 per cent by 2020

The latest research from Berg Insight indicates that the market for intelligent transport systems (ITS) in public transport operations in Europe was US$1.4 billion (€1.35 billion) in 2015. Growing at a compound annual growth rate (CAGR) of 7.2 per cent, it is expected to reach US$2 billion (€1.91 billion) by 2020. The North American market for public transport ITS is similarly forecast to grow at a CAGR of 8.1 per cent from US$0.6 billion (€0.59 billion) in 2015 to reach US$0.9 billion (€0.87 billion) in
January 3, 2017 Read time: 3 mins
The latest research from 3849 Berg Insight indicates that the market for intelligent transport systems (ITS) in public transport operations in Europe was US$1.4 billion (€1.35 billion) in 2015. Growing at a compound annual growth rate (CAGR) of 7.2 per cent, it is expected to reach US$2 billion (€1.91 billion) by 2020.

The North American market for public transport ITS is similarly forecast to grow at a CAGR of 8.1 per cent from US$0.6 billion (€0.59 billion) in 2015 to reach US$0.9 billion (€0.87 billion) in 2020.

Berg Insight believes that the market for ITS in public transport is in a growth phase which will continue throughout the forecasted period. Increased funds made available to infrastructure spending, demands from travellers and smart cities initiatives contribute to a positive market situation.
 
A group of international aftermarket solution providers have emerged as leaders on the market for public transport ITS. Major providers across Europe and North America include Canada-based 629 Trapeze Group and Germany-based Init with significant installed bases in both regions. IVU is a major player primarily in the German-speaking part of Europe and has also expanded in the North America. 1015 Clever Devices and 4186 Xerox hold leading positions on the North American public transport ITS market, and the latter also is an international provider of fare collection systems.

Additional companies with notable market shares in North America include 192 RouteMatch, 378 Cubic-owned NextBus, 7414 Avail Technologies and TransLoc. Examples of major vendors on national markets in Europe include 812 Ineo Systrans which holds a leading position in France and Vix which is an important provider on the UK market. Other significant players include the Spanish groups 509 Indra, 55 GMV and Grupo Etra, Swarco’s subsidiary 129 Swarco 1675 Mizar in Italy, Atron in Germany, Italy-based 6710 PluService, Norwegian FARA and the Austria-based company 81 Kapsch CarrierCom. 609 Volvo Group is also a notable player from the vehicle OEM segment, offering the ITS4mobility system in partnership with Consat Telematics in Europe and North America.

“Similarly to adjacent telematics verticals, the market for public transport ITS has in recent time seen a number of significant cross-border mergers and acquisitions involving European and North American players”, said Fredrik Stålbrand, IoT Analyst, Berg Insight. He mentions as examples the recent deals such as GMV’s acquisition of Syncromatics in September 2015, 8255 Luminator Technology Group which acquired BMG MIS in the following month, and most recently HanseCom PTTS which was acquired by INIT in September 2016. Berg Insight anticipates that this consolidation trend will continue in the upcoming years. “Several players continue to have inorganic growth as a key strategy and further M&A activity can be expected among telematics and ITS providers for public transport in 2017–2018”, concluded Stålbrand.

For more information on companies in this article

Related Content

  • Kapsch adds ATMS expertise with Transdyn acquisition
    March 25, 2014
    Kapsch has added extensive advanced traffic management system (ATMS) expertise to its portfolio by acquiring US company Transdyn. The move matches with the aim of becoming a major global presence in the inter-urban traffic management sector, says Peter Ummenhofer, Kapsch’s head of ITS Business Unit: “Recognising that there were already very mature and capable ATMS solutions out there, we decided to look at what was already available.
    Read More
  • Pennsylvania transportation cut ‘would jeopardise local jobs’
    August 2, 2013
    Cutting highway and bridge work by 25 per cent in any given year, and then sustaining it in the years ahead, would cost Pennsylvania US$1.25 billion in lost economic activity over a five-year period and put as many as 9,600 jobs permanently at risk, the American Road & Transportation Builders Association’s (ARTBA) chief economist told state lawmakers at a recent hearing. Dr Alison Premo Black was invited to testify before the Pennsylvania Senate Transportation committee based on a report she authored on beh
    Read More
  • Cost benefit analysis ‘can’t be carried out with a cookbook’
    June 25, 2018
    There is far more to working out the worth of a project than simply filling in a few headings on a spreadsheet. David Crawford surveys some recent thinking from the US and Canada. Cost benefit analysis (CBA) “can’t be carried out with a cookbook”, warns US analyst Professor Robert J Brent. “ You can’t just get out a spreadsheet and fill in the data for all the headings. Each transport CBA should have something that is distinctive, in terms of location (for example, for a rural area), types of user
    Read More
  • Jenoptik boosts business activities in the Netherlands
    May 13, 2014
    Jenoptik Robot, a key part of the Jenoptik Traffic Solutions division, has acquired all the activities of Dutch company Robot Nederland, which will be fully integrated into the group structure over the next few months. Both parties have agreed not to disclose the purchase price. Jenoptik CEO Michael Mertin says: “This step is a manifestation of our consistent strategy to take more responsibility with and for our customers directly on site. This will allow us to incorporate our know-how into future proje
    Read More

Highlighted Content