Siemens Mobility

Public Transport ITS in Europe and North America - ITS for Buses and Trams is Forecast to Grow at a CAGR of 7.1% to Reach € 4.26 Billion by 2027 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 26, 2024

Approximately 60 billion and 12 billion public transport passenger journeys were carried out in Europe and North America respectively each year before the COVID-19 pandemic.

Key Points: 
  • Approximately 60 billion and 12 billion public transport passenger journeys were carried out in Europe and North America respectively each year before the COVID-19 pandemic.
  • Available transport modes include for example local and regional buses and trolleybuses, regional and suburban rail transport, metros and trams, and local waterborne passenger transport services.
  • In 2021, the number of registered buses and coaches in Europe and North America reached 0.86 million vehicles and 1.0 million vehicles respectively.
  • The economic value of public transport services in Europe is estimated to around € 145-155 billion per year, while the corresponding number in North America is around € 80-90 billion.

Passenger Information System Market worth $52.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, March 14, 2024

The race to meet and exceed market demands encourages rapidly integrating emerging technologies into passenger information systems, such as artificial intelligence, IoT, and data analytics.

Key Points: 
  • The race to meet and exceed market demands encourages rapidly integrating emerging technologies into passenger information systems, such as artificial intelligence, IoT, and data analytics.
  • The competitive forces within the Passenger Information System Market catalyze continuous improvement, ensuring that the sector remains at the forefront of technological advancements while fostering sustained market growth.
  • The display system segment in the Passenger Information System Market is poised to hold the largest market size throughout 2023-2028.
  • Passenger Information System Market Advantages:
    By keeping travellers informed and lowering uncertainty during their journey, PIS improves the overall passenger experience by providing real-time information on routes, schedules, delays, and service disruptions.

Passenger Information System Market worth $52.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, March 14, 2024

The race to meet and exceed market demands encourages rapidly integrating emerging technologies into passenger information systems, such as artificial intelligence, IoT, and data analytics.

Key Points: 
  • The race to meet and exceed market demands encourages rapidly integrating emerging technologies into passenger information systems, such as artificial intelligence, IoT, and data analytics.
  • The competitive forces within the Passenger Information System Market catalyze continuous improvement, ensuring that the sector remains at the forefront of technological advancements while fostering sustained market growth.
  • The display system segment in the Passenger Information System Market is poised to hold the largest market size throughout 2023-2028.
  • Passenger Information System Market Advantages:
    By keeping travellers informed and lowering uncertainty during their journey, PIS improves the overall passenger experience by providing real-time information on routes, schedules, delays, and service disruptions.

Automotive V2X Market worth $9.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, January 25, 2024

Automotive Vehicle-to-Everything (V2X) software comprises a set of instructions that command various hardware components to execute specific tasks within the V2X technology framework.

Key Points: 
  • Automotive Vehicle-to-Everything (V2X) software comprises a set of instructions that command various hardware components to execute specific tasks within the V2X technology framework.
  • Prominent entities in the automotive V2X market provide software solutions that align with both Dedicated Short-Range Communication (DSRC) and Cellular Vehicle-to-Everything (C-V2X).
  • Other companies, such as Visteon, Autotalks, Derg, and Commsignia, also contribute software solutions for automotive V2X.
  • All these factors are expected to augment revenues for the software segment of the automotive V2X industry during the forecast period.

Automotive V2X Market worth $9.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, January 25, 2024

Automotive Vehicle-to-Everything (V2X) software comprises a set of instructions that command various hardware components to execute specific tasks within the V2X technology framework.

Key Points: 
  • Automotive Vehicle-to-Everything (V2X) software comprises a set of instructions that command various hardware components to execute specific tasks within the V2X technology framework.
  • Prominent entities in the automotive V2X market provide software solutions that align with both Dedicated Short-Range Communication (DSRC) and Cellular Vehicle-to-Everything (C-V2X).
  • Other companies, such as Visteon, Autotalks, Derg, and Commsignia, also contribute software solutions for automotive V2X.
  • All these factors are expected to augment revenues for the software segment of the automotive V2X industry during the forecast period.

Intelligent Transportation System (ITS) Market to Reach $98.02 Billion, Globally, by 2032 at 7.5% CAGR: Allied Market Research

Retrieved on: 
Friday, December 1, 2023

WILMINGTON, Del., Dec. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Intelligent Transportation System (ITS) Market by Component (Hardware, Software, and Services), Application (Traffic Management, Freight Management, Advanced Traveler Information System, Advanced Public Transportation System, Security and Surveillance, Ticketing and Tolling System, and Others), and End User (Roadways, Railways, Waterways, and Airways): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global intelligent transportation system industry size generated $48.36 billion in 2022 and is anticipated to generate $98.02 billion by 2032, witnessing a CAGR of 7.5% from 2023 to 2032.

Key Points: 
  • Based on application, the other segment held the highest market share in 2022, accounting for one-fourth of the global intelligent transportation system (ITS) market and is projected to manifest the highest CAGR of 9.1% from 2023 to 2032 owing to the need for customized solutions for efficient, intelligent transportation systems.
  • By region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for one-third of the global intelligent transportation system (ITS) market revenue and is expected to witness the fastest CAGR of 8.5% from 2023 to 2032.
  • The strong economic growth in the region resulted in increased demand for Intelligent Transportation Systems (ITS) to effectively manage the growing transportation sector.
  • Key Developments in the Intelligent Transportation Industry:
    Leading companies are employing various strategies, including acquisition, agreement, expansion, partnership, contracts, and product launches, to fortify their market positions.

Intelligent Transportation System (ITS) Market to Reach $98.02 Billion, Globally, by 2032 at 7.5% CAGR: Allied Market Research

Retrieved on: 
Friday, December 1, 2023

WILMINGTON, Del., Dec. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Intelligent Transportation System (ITS) Market by Component (Hardware, Software, and Services), Application (Traffic Management, Freight Management, Advanced Traveler Information System, Advanced Public Transportation System, Security and Surveillance, Ticketing and Tolling System, and Others), and End User (Roadways, Railways, Waterways, and Airways): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global intelligent transportation system industry size generated $48.36 billion in 2022 and is anticipated to generate $98.02 billion by 2032, witnessing a CAGR of 7.5% from 2023 to 2032.

Key Points: 
  • Based on application, the other segment held the highest market share in 2022, accounting for one-fourth of the global intelligent transportation system (ITS) market and is projected to manifest the highest CAGR of 9.1% from 2023 to 2032 owing to the need for customized solutions for efficient, intelligent transportation systems.
  • By region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for one-third of the global intelligent transportation system (ITS) market revenue and is expected to witness the fastest CAGR of 8.5% from 2023 to 2032.
  • The strong economic growth in the region resulted in increased demand for Intelligent Transportation Systems (ITS) to effectively manage the growing transportation sector.
  • Key Developments in the Intelligent Transportation Industry:
    Leading companies are employing various strategies, including acquisition, agreement, expansion, partnership, contracts, and product launches, to fortify their market positions.

Amtrak Airo Production Stimulates Nationwide Economy

Retrieved on: 
Thursday, October 12, 2023

SACRAMENTO, Calif., Oct. 12, 2023 /PRNewswire/ -- The production of new Amtrak Airo trains is boosting businesses nationwide as manufacturing ramps up. The creation of new, sustainable, engineering and manufacturing jobs will benefit communities across the country with over 3,500 parts manufactured by nearly 100 suppliers in 31 states.

Key Points: 
  • SACRAMENTO, Calif., Oct. 12, 2023 /PRNewswire/ -- The production of new Amtrak Airo trains is boosting businesses nationwide as manufacturing ramps up.
  • "As we build to support the soaring demand for train travel, Amtrak Airo is creating jobs even before the trains are on the tracks," said Amtrak President Roger Harris .
  • "Amtrak is an integral part of the fabric of our nation and Amtrak Airo will represent a new level of passenger experience for travelers throughout America.
  • Customers will experience new Amtrak Airo trains on the Northeast Regional , Empire Service , Amtrak Virginia Services , Keystone Service , Amtrak Downeaster , Amtrak Cascades , Maple Leaf , New Haven-Springfield-Greenfield Service , Palmetto , Carolinian , Pennsylvanian , Vermonter , Ethan Allen Express and Adirondack .

TinyWins Receives Two Awards in the 2023 MUSE Awards: Season 2

Retrieved on: 
Monday, September 18, 2023

LOS ANGELES, Sept. 18, 2023 /PRNewswire/ -- The MUSE Creative and Design Awards presents TinyWins, a women & minority-owned global brand strategy, design and digital product studio that builds irrational love between companies and their consumers, with two Silver awards in the Brand Transformation/Repositioning and Rebranding categories for its second competitive season of 2023. Seeing as many as 6,500 entries from across the world, the awards have become one of the leading competitions that honor creative and design professionals. Winners alongside TinyWins include renowned companies like Coach, NBCUniversal, Mastercard, Paramount Global, and more.

Key Points: 
  • For this competitive season, TinyWins walks away victorious, adding the Brand Transformation/Repositioning, Silver award and Rebranding, Silver award to their name.
  • As a testament of their immense growth, TinyWins was recently ranked on the 2023 Inc. 5000 as one of America's fastest growing companies.
  • The MUSE Awards is made up of a series of competitions organized to honor excellence in various fields and industries.
  • Thanks to IAA's global presence, the MUSE Creative and Design Awards received entries that included names of globally prominent organizations.

LTO Batteries Supercharge Electric Train Markets, Says IDTechEx

Retrieved on: 
Tuesday, August 1, 2023

LTO brings unique high-power cell characteristics, more comparable to a supercapacitor than a battery, creating new electrification opportunities for train OEMs.

Key Points: 
  • LTO brings unique high-power cell characteristics, more comparable to a supercapacitor than a battery, creating new electrification opportunities for train OEMs.
  • The IDTechEx report " Battery Electric & Hydrogen Fuel Cell Trains 2023-2043 " assesses the global opportunities emerging for electric trains as energy storage technologies advance rapidly.
  • Despite the advantages, LTO batteries have not yet had a meaningful impact on electric vehicle markets.
  • To find out more about the IDTechEx report "Battery Electric & Hydrogen Fuel Cell Trains 2023-2043", including downloadable sample pages, please visit www.IDTechEx.com/Train .