The ITS market for electric buses in Europe and North America to reach € 75 mil
ItemDate=2021-03-24 02:44:05 Status=publish
TopicTaglist=['V5', 'G16', 'V9']
#News(General) [ via IoTGroup ]
Berg Insight today released new findings about the market for Intelligent Transport Systems (ITS) for electric buses. The market value for electric bus ITS deployed in public transport operations in Europe was € 12.7 million in 2019. The North American market for electric bus ITS is similarly forecasted to grow at a CAGR of 34.2 percent from € 2.7 million in 2019 to reach € 11.8 million in 2024.
Berg Insight is of the opinion that the market for ITS solutions for electric buses is in a growth phase which will last for several years to come. Mega-challenges such as urbanisation, climate change and traffic congestion continue to encourage investments in electric buses and ITS, contributing to a positive outlook for the market. Some ITS players offer complete turnkey solutions including functionality for most of the ITS applications for electric buses utilised by public transport operators, but many vendors on the market are also specialised ITS players focusing on a few sub-systems. Major international ITS players such as INIT, IVU, Clever Devices and Trapeze can provide turnkey solutions. ENGIE Solutions has installed the CAD
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