IoT News - The ITS market for electric buses in Europe and North America to reach € 75 million by 2024
The market value for electric bus ITS deployed in public transport operations in Europe was € 12.7 million in 2019. Growing at a compound annual growth rate (CAGR) of 37.5 percent, this number is expected to reach € 62.4 million by 2024. 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,...
Source: iotbusinessnews.com