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-based629 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 include192 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.
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
Additional companies with notable market shares in North America include
“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,
