Skip to main content

European Ecosystem for Intelligent Transport Systems

There's one place where the Internet of Things (IoT) already has a proven track record of success, that's the road transportation sector. For more than two decades, numerous Smart Cities and local municipalities around the world have used IP technologies to build systems that help to reduce traffic congestion.

Some of the early pioneer projects where in progressive European nations. According to the latest worldwide market study by Berg Insight, the market value for Intelligent Transport Systems (ITS) deployed in public transport operations in Europe was €1.03 billion in 2014.

Growing at a compound annual growth rate of 7.2 percent, investment in projects is expected to reach €1.46 billion by 2019. Berg Insight is of the opinion that the European market for ITS for public transport is in a growth phase which will continue throughout the forecast period.

Across Europe, the fluctuating economic climate has had a limited effect on this market, as the public investments which underpin a major part of the ITS initiatives have remained stable throughout the periods of crisis in most countries.

Meanwhile, a group of international aftermarket solution providers have emerged as the leaders on the European market for public transport ITS.

According to the Berg assessment, the dominant providers are Trapeze Group, INIT and IVU -- all having European headquarters in the German-speaking region and substantial installed bases across a multitude of countries in Europe and beyond.

Examples of companies with major market shares on national markets in Europe include Ineo Systrans in France and Vix in the UK. Other significant players include the Spanish groups Indra, GMV and Grupo Etra, Swarco's subsidiary Swarco Mizar in Italy, Atron in Germany, Italy-based PluService, the Norwegian provider FARA and the Belgium-based company Prodata Mobility Systems.

Volvo Group is also a notable player from the vehicle OEM segment, offering the ITS4mobility system in partnership with Consat Telematics in Europe.

"Similarly to adjacent telematics verticals, the European market for public transport ITS has in recent time seen a number of significant mergers and acquisitions," said Rickard Andersson, senior analyst at Berg Insight.

He mentions the recent deals such as Prodata Mobility Systems, which was acquired by Kapsch CarrierCom in July 2014 and Sabatier Geolocalisation's acquisition of SPIE Sud-Est's Silvie business in October in the same year. Trapeze Group has also acquired a large number of providers of complementing technology during the 2012 to 2014 time-frame.

Berg Insight anticipates that the consolidation trend will continue. Several players still have inorganic growth as a key strategy, so further mergers and acquisitions are expected among the telematics and ITS providers for public transport between 2015 and 2016.

Popular posts from this blog

Digital Transformation Investment at $3.4 Trillion

Business technology leadership matters. Across the globe, more leaders have been pursuing bold Digital Transformation (DX) initiatives with the goal of creating new sources of business value through digital products, services, and experiences. As an additional benefit, the COVID-19 pandemic revealed that digital transformation efforts improve an organization's resilience against global market disruptions. Global DX investment is forecast to reach $3.4 trillion in 2026 with a five-year compound annual growth rate (CAGR) of 16.3 percent, according to the latest worldwide market study by International Data Corporation (IDC). Digital Transformation Market Development "Despite strong headwinds from global supply chain constraints, soaring inflation, political uncertainty, and an impending recession, investment in digital transformation is expected to remain robust," said Craig Simpson, senior research manager at IDC . The benefits of investing in DX technology -- including aut

Artificial Intelligence for National Border Security

National border protection agencies are under pressure to provide the highest level of security in the face of growing threats, such as increasing illegal migration and international terrorism. Now, government agencies are embracing advanced border security technologies to aid in effectively and reliably securing national borders. These solutions look to detect and identify potential threats and prevent them from escalating to a point that may jeopardize security. Security Surveillance Market Development Traditional border security patrols and Closed-circuit Television (CCTV) surveillance systems aren't adequate protection, and agencies must increasingly deploy new solutions to stay ahead of criminals and other potential threats to ensure the safety of a country’s borders. According to the latest market study by Juniper Research, the value of the border security technology market will exceed $70 billion globally in 2027 -- that's rising from $48 billion in 2022. Growing by 47 p

Precision Medicine Spend to Reach $132.3 Billion

Precision Medicine uses molecular info to extract the optimum medical method from diagnostic protocols, by merging the impact of environmental and genetic factors. Data access is essential, with genetic metabolic and clinical data used to build a fuller picture of a patient's biology. Moreover, the primary aim of precision medicine is to design and optimize a pathway for diagnosis, therapeutic intervention, and prognosis, using large biological datasets. Personalized, evidence-based medicine uses stored health data, which includes patient diagnosis, laboratory work, insurance claims, and demographic information. The results enable healthcare providers to predict and prevent some illnesses. Precision Medicine Market Development According to the latest worldwide market study by Juniper Research, the total investment in precision medicine will reach $132.3 billion globally by 2027 -- that's increasing from only $35.7 billion in 2022. The significant market growth of 270 percent is