Intelligent transportation systems (ITS) in public transport will continue to grow in the coming years, according to a report by Berg Insight – which is key to enabling sustainable smart mobility.
“Challenges such as urbanization, climate change and traffic congestion continue to stimulate investments in intelligent transportation systems (ITS), contributing to a positive market position,” says Berg.
The total market value of ITS for bus and tram public transport in Europe is expected to reach €2.81 billion by 2026, compared to €2.12 billion last year – albeit with significant variation between regions.
The penetration of on-board computers with GPS location functionality and wireless communications on buses and trams in Europe is expected to rise from 91.5% in 2021 to 95.1% in 2026.
In North America, the total market is much smaller, worth around €0.76 billion at the moment but growing more quickly than Europe on an annual basis to reach €1.12 billion in 2026.
Transportation integration, fare payment, scheduling, real-time travel information, and smart cities are some of the main areas in which intelligent transportation systems are being used.
Before Covid, there were 60 billion annual passenger trips on public transport in Europe and 12 billion trips in North America via modes such as buses, commuter rail, metros and trams.
Although these numbers do not appear everywhere, Berg estimates the economic value of public transportation services in Europe at about 135 to 145 billion euros annually, and 70 to 80 billion euros in North America.
The report identifies major providers of intelligent transportation systems in public transportation including Canada-based Trapeze Group and Germany-based Init, with smart devices, channels, cube transit systems and Avail technologies in North America.
Equans, Thales and RATP Smart Systems have a significant market share in France; and with Vix Technology, Flowbird and Ticketer in the UK; GMV, Indra and Grupo Etra in Spain; You see in Germany; Fara and Consat Telematics in Scandinavia; and Austria-based companies Swarco and Kontron Transportation.
