The market for intelligent transport systems supporting electric bus operations is on track for significant growth in both Europe and North America, according to a new analysis by Berg Insight.
The market value of ITS for e-buses in European public transport operations was €110.4 million in 2024, and forecast to reach €359.1 million by 2029, representing a compound annual growth rate (CAGR) of 27 per cent.
Similarly in North America the ITS market is forecasted to expand from €39.7 million in 2024 to a €101.6 million by 2029, a CAGR of 21 per cent.
Berg Insight is of the opinion that the ITS solutions market for electric buses is in a growth phase that will last for several years to come. Mega-challenges such as urbanisation, local pollution, climate change and traffic congestion continue to encourage investments in electric buses and ITS, contributing to a positive outlook for the market.
Integrated ITS solutions
Some ITS providers offer comprehensive turnkey solutions, including functionality for most ITS applications used by public transport operators for electric buses. Many vendors on the market are also specialised ITS players focusing on a few subsystems. Major international ITS players such as INIT, IVU, Clever Devices and Trapeze can deliver turnkey solutions, including solutions for electric buses.
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