Increased costs drive PTAs to adopt standardized solutions

European and American public transportation ITS (buses and streetcars) market

DUBLIN, March 20, 2024 (Globe Newswire) — The “Public Transport ITS in Europe and North America – 9th Edition” report has been added. ResearchAndMarkets.com Recruitment.

The total bus and tram public transport ITS market in these two regions is expected to reach €4.26 billion by 2027, growing at a compound annual growth rate of 7.1% from €3.03 billion in 2022. It is predicted. This strategic research report covers the latest market values. Trends and developments in the dynamic telematics industry.

With continued population growth in cities and changing consumer preferences, public transport is playing an increasingly important role in society. Before the COVID-19 pandemic, around 60 billion and 12 billion public transport passenger journeys were made annually in Europe and North America, respectively.

During the pandemic, that number declined significantly and did not fully recover until the second half of 2023. Available transportation options include, for example, local and regional buses and trolleybuses, regional and suburban rail transport, subways and trams, and local water passenger transport services. In 2021, the number of registered buses and long-distance buses in Europe and North America reached 860,000 and 1 million, respectively. The economic value of public transport services in Europe is estimated to be around 145-155 billion euros per year, while the equivalent figure in North America is around 80-90 billion euros.

The ITS market in public transportation is expected to continue growing in the coming years. Challenges such as urbanization, climate change, and traffic congestion continue to stimulate investment in public transport ITS, contributing to the market’s strength. However, individual markets may fluctuate temporarily depending on political conditions, austerity measures, and regional developments. The total European bus and tram public transport ITS market will grow at a compound annual growth rate (CAGR) of 6.3% to reach €2.92 billion by 2027, from €2.15 billion in 2022. It is predicted.

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The penetration of on-board computers with GPS location and wireless communication in buses and trams in Europe is estimated to increase from 91.0 percent in 2022 to 94.1 percent in 2027, but will vary widely by regional market. . In North America, the total public transportation ITS market is expected to grow at a CAGR of 8.8% to reach €1.34 billion in 2027 from €880 million in 2022, with a penetration rate of 92.5 billion in 2022. It is predicted to rise from 97.7% to 97.7%. In 2027, it will be a percentage.

A group of international aftermarket solution providers has emerged as leaders in the public transportation ITS market. Leading providers in Europe and North America include Canada-based Trapeze Group and Germany-based INIT, with large installed bases in both regions. Clever Devices and Conduent hold leading positions in the North American public transportation ITS market, with the latter also being an international provider of fare collection systems. Other companies with major market shares in North America include Cubic Transportation Systems and Avail Technologies. Siemens Mobility is also a prominent software vendor in both Europe and North America.

Examples of companies with major market shares in European domestic markets include Equans and RATP Smart Systems, which hold leading positions in France. In addition, Vix Technology, Flowbird and Ticketer are major providers in the UK market, and IVU is a strong player in the German-speaking parts of Europe. Other important players include Spanish group GMV, Indra and Grupo ETRA. Thales from France. German Atlon. His FARA, Pilotfish and Consat Telematics in Scandinavia. They are Austria-based Swarco and Kontron Transportation. Additionally, Volvo Group and Daimler are notable players in the vehicle OEM segment, and companies such as Scania, Iveco, Gillig, and New Flyer also offer some traditional OEM telematics features for their buses. .

The outlook for the public transportation ITS market is positive as several major developments are driving increased investment in such technologies. The ITS market can be positively influenced by international public transport-related initiatives such as the ITxPT Association and APTA’s Public Transport Vehicle and ITS Standards Program. Recent developments in ITS have focused on increasing the level of integration and leveraging technological advances for fare collection purposes.

Standardization efforts are beginning to bear fruit as more and more market participants choose to comply with standards and procurement organizations reap the benefits in the form of cost savings. Another key driver is the ongoing global development surrounding the concept of smart cities. In this case, ITS in general and his ITS of public transport constitute key elements for achieving sustainable smart mobility.

Report highlights

• Insights from 30 new executive interviews with market-leading companies.

• New data on vehicle fleets and public transportation usage in Europe and North America.

• A comprehensive explanation of the public transportation ITS value chain and key applications.

• Detailed analysis of market trends and key developments.

• Profiles of 81 aftermarket ITS solution providers.

• Overview of OEM proposals from public transport vehicle brands.

• Revised market forecasts lasting until 2027

This report answers the following questions:

• How is public transport organized and managed?

• What is the geographic structure of public transportation in Europe and North America?

• Who are the leading providers of aftermarket public transportation ITS solutions?

• How will OBUs shipped as standard by OEMs impact the market?

• What are the factors and barriers impacting the Public Transportation ITS Solutions market?

• What products do automotive OEMs offer?

• How are regulatory trends impacting the public transportation ITS industry?

• How will the public transportation ITS industry evolve in the future?

Key attributes:

Main topics covered:

Public transportation in Europe and North America

• Modal division of passenger transport

• Use of bus vehicles and public transportation

• Bus and coach OEM market share

• Public transportation by rail

• Public transport organizations and contracts

• Major public transportation

ITS technology and solutions

• Public transportation ITS infrastructure

• public transport management

• Traveler management

• driver management

• Vehicle management

• Business model and strategy

Market forecasts and trends

• Open architecture changes the ITS value chain

• Public transport stakeholders leverage integrated mobility to stay relevant

• Demand-driven transportation grows in sparsely populated areas

• Mobile devices play multiple critical roles in ITS infrastructure

• Public transportation stakeholders invest in self-driving cars

• Electrification of public transportation is accelerating

• Data analysis that promotes service improvement

• The pandemic has accelerated the adoption of modern ticketing and ITS solutions

• Increased costs drive PTAs to adopt standardized solutions

OEM products and strategies

aftermarket solution provider

International

• Conjuent

• Ekuans

• giro

• Initialization

• IVU traffic technology

• Siemens mobility

• Thales

• Trapeze Group (Modaxo)

Germany and Eastern Europe

France, Benelux, UK

• Actia

• coma

• flowbird group

• green road

• hannover display

• Journeo

• Lumipran

• maestronic

• Masabi

• matawan

• omnibus

• RATP smart system

• Simplicity

• snapper service

• ticket issuer

• vicks technology

mediterranean

nordic

North America

• Accenture

• Avail Technologies

• cal amp

• smart device

• connections

• Three-dimensional transportation system

• eco lane

• ISR transit

• Luminator Technology Group

• MiX telematics

• movit

• quickly

• TransLoc (Modaxo)

• Trip Spark (Modaxo)

• Sonnar Systems (Continental)

For more information on this report, please visit https://www.researchandmarkets.com/r/pba605.

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