Public transport ITS market in Europe expected to reach € 1.3 billion by 2015
Posted: 28 October 2011 | Berg Insight | No comments yet
The market value for ITS deployed in public transport operations in Europe was € 0.65 billion in 2010…
According to a new research report from the analyst firm Berg Insight, the market value for Intelligent Transport Systems (ITS) deployed in public transport operations in Europe was € 0.65 billion in 2010.
Growing at a compound annual growth rate of 15 percent, this number is expected to reach € 1.3 billion by 2015. The outlook for the European public transport ITS market is positive, even though individual markets may experience temporary fluctuations depending on the political climate and local developments. The vendor ecosystem for public transport ITS consists of a variety of actors. The companies INIT, Trapeze ITS and IVU have emerged as leaders in Europe, having wide product portfolios and large numbers of installed systems in many countries. There are also local players with considerable market shares on regional markets, including ACIS and INEO Systrans. Another group of vendors are focused on specific parts of complete ITS such as specialised hardware units or software applications.
“The ongoing deregulation of the public transport market in Europe spurs the adoption of sophisticated intelligent transport systems”, said Rickard Andersson, telecom analyst, Berg Insight. “The increasing number of companies and organisations involved in fulfilling public transport needs puts mounting demands on system compatibility and open interfaces for information flows to enable for example synchronised real-time passenger information for intermodal services”. Mr. Andersson further anticipates influence from OEM solutions, as public transport vehicle manufacturers to an increasing extent install factory-fitted on-board computers with GPS positioning and wireless communication functionality.