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

  • California aims to reduce emissions 40 per cent below 1990 levels by 2030
    April 30, 2015
    California’s transportation systems are set for a radical overhaul following Governor Jerry Brown’s Executive order to reduce carbon dioxide (CO2) emissions to 40 per cent below 1990 levels by 2030. Figures from the US Energy Information Administration (EIA) show that transportation accounts for 199.3 million tonnes of CO2 - almost 60 per cent of the state’s CO2 emissions, while the next largest is industrial production (62.9 million tonnes), followed by electric power at 36.5 million tonnes, residential us
    Read More
  • Insight into China's smart cities initiatives
    April 25, 2013
    Schneider Electric, which has been playing an active role in smart transportation systems in China since 1990, provides an insight into smart city initiatives in the country. Today, most cities across the world are facing unprecedented growth, which questions the viability of the current development model. They are immersed in a competition with each other, both domestically and internationally, in terms of investments, jobs and talents. Cities need to become more attractive and intelligent by becoming more
    Read More
  • Smart phones offer smarter way to pay for travel
    December 16, 2013
    David Crawford reviews developments in near field communications for mass transit payments. ‘A carefully-designed and well-implemented mobile near field communications (NFC) solutions can give passengers a compelling experience that will encourage them to make greater use of public transport.’ That was the confident conclusion of a recent joint White Paper drawn up by the International Association of Public Transport and the global mobile operators’ representative group GSMA.
    Read More
  • Electric vehicle infrastructure market set to grow
    June 10, 2016
    According to a new TechSci Research report, Global Electric Vehicle Infrastructure Market By Type, by Installed Location, by Region, Competition Forecast and Opportunities, 2011 - 2021, the global market for electric vehicle infrastructure is projected to grow at a CAGR of over 27 per cent during 2016-2021, on account of favourable government policies that promote adoption of electric vehicles and growing concerns over harmful effects of air pollution. Additionally, grid integration of electric vehicles
    Read More

Highlighted Content