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.