INIT

Public Transport ITS in Europe and North America - ITS for Buses and Trams is Forecast to Grow at a CAGR of 7.1% to Reach € 4.26 Billion by 2027 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 26, 2024
Public Transport, Rail, Transport, Other Transport, IVU, Climate change, APTA, ITS, Conduent, Vix Technology, Original equipment manufacturer, COVID-19, Siemens Mobility, Society, GPS, Trapeze Software, Software, Daimler, INIT, City, OEM, Cubic Corporation, Volvo, Investment, RATP Smart Systems, GMV, Gillig, Iveco

Approximately 60 billion and 12 billion public transport passenger journeys were carried out in Europe and North America respectively each year before the COVID-19 pandemic.

Key Points: 
  • Approximately 60 billion and 12 billion public transport passenger journeys were carried out in Europe and North America respectively each year before the COVID-19 pandemic.
  • Available transport modes include for example local and regional buses and trolleybuses, regional and suburban rail transport, metros and trams, and local waterborne passenger transport services.
  • In 2021, the number of registered buses and coaches in Europe and North America reached 0.86 million vehicles and 1.0 million vehicles respectively.
  • The economic value of public transport services in Europe is estimated to around € 145-155 billion per year, while the corresponding number in North America is around € 80-90 billion.

LECIP INC. Secures Contract for the Farebox Cash Collection system in Houston, Texas

Retrieved on: 
Monday, December 18, 2023
Automotive Manufacturing, Technology, Transport, Manufacturing, Other Manufacturing, Public Transport, Hardware, INIT, Fare, METRO, Collection, History, Multimedia, AFC, News, Airline, Online shopping

The LECIP’s portion of the contract encompasses the development and implementation of the farebox cash collection system, as well as maintenance and operational support.

Key Points: 
  • The LECIP’s portion of the contract encompasses the development and implementation of the farebox cash collection system, as well as maintenance and operational support.
  • The delivery of the Farebox Cash Collection system portion of the overall project is scheduled to commence in 2024.
  • View the full release here: https://www.businesswire.com/news/home/20231218554230/en/
    LECIP fare collection system specialized in cash collection (Photo: Business Wire)
    INIT will supply and implement the electronic Automated Fare Collection system, including the contactless fare validators, ticket vending machines, and the account-based back-office fare management system.
  • The Farebox Cash Collection system from LECIP Inc. will cover all of METRO's buses, totaling 1,236 vehicles.

North America and Europe Electric Bus Connected Infrastructure Market Report 2023-2027 with Key Profiles of 22 Aftermarket ITS Solution and 14 EV Charging Hardware Vendors - ResearchAndMarkets.com

Retrieved on: 
Monday, July 3, 2023
Automotive, EV, Electric Vehicles, Transport, Alternative Energy, Energy, Other Transport, IVU, Electric buses in Moscow, ChargePoint, Climate change, Acquisition, Investment, Orangi Pilot Project, ITS, OEM, INIT, FARA, Software, Retail

The "Connected Infrastructure for Electric Buses in North America and Europe - Market Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Connected Infrastructure for Electric Buses in North America and Europe - Market Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
  • This strategic research report covers the latest trends and developments on the intelligent transportation system and charging station market for electric buses in public transport.
  • The analyst at the same time estimates that the charging station market value for electric buses in the two regions was €160.7 million in 2022.
  • Profiles of 22 aftermarket ITS solution and 14 EV charging hardware vendors.

European and North America Public Intelligent Transport Systems (ITS) Market Report 2022: A ?3.93 Billion Market by 2026 - Pandemic Accelerated Uptake of Modern Ticketing and ITS Solutions

Retrieved on: 
Tuesday, December 13, 2022
RATP Smart Systems, FARA, Iveco, Vix Technology, Transport, Trapeze Software, GPS, Flowbird, Daimler, IVU, Obus, Investment, INIT, Original equipment manufacturer, COVID-19, Gillig, Swarco Raiders Tirol, OEM, Conduent, Best available technology, Volvo, ITS, GMV, Cubic Transportation Systems, Acquisition, Renewable energy, Retail, Pet, Airline, Synthetic oil, Mediterranean Sea, New Flyer

How will the market for intelligent transport systems (ITS) for public transport in Europe and North America evolve in 2022 and beyond?

Key Points: 
  • How will the market for intelligent transport systems (ITS) for public transport in Europe and North America evolve in 2022 and beyond?
  • The estimated market value for ITS deployed in public transport operations in Europe was 2.12 billion in 2021.
  • The North American market for public transport ITS is similarly forecasted to grow at a CAGR of 8.1% from 0.76 billion in 2021 to reach 1.12 billion in 2026.
  • In addition, governments in both Europe and North America see public transport as a prioritised area for investment.