The European Intelligent Transport body, ERTICO – ITS Europe, in collaboration with EY, is launching the Intelligent Transport Systems (ITS) Market Radar report, delving into the key market insights, technological trends, challenges, employment dynamics, and future trajectories within the ITS industry.
This inaugural market radar spotlights two sectors within the ERTICO Partnership – the Service Providers and the Traffic and Transport Industry.
Throughout 2023, the ERTICO Partners from the two sectors participated in surveys and interviews, contributing to the valuable data for this comprehensive study. ERTICO says this initiative also marks the inception of a series of annual market radar reports it is introducing, focusing on trends within its sectors.
It says these recommendations not only guide the trajectory of the industry but also lay the groundwork for sustained innovation and growth within ITS and that this comprehensive overview provides a roadmap for industry stakeholders, policymakers, and innovators, fostering a collective vision for the continued evolution of ITS.
“Embarking on a transformative journey with the ITS Market Radar report is not just a milestone for ERTICO. It is another proof of our commitment to shaping the future of intelligent transportation,” comments Joost Vantomme, CEO of ERTICO. “This report also goes beyond just being a simple market study – it contains the challenges and opportunities, but also barriers and enablers towards large-scale deployment. Gratitude and congratulations to all our Partners who participated in the study, especially, EY, for their invaluable contributions. Let this be the first step in an annual journey of decoding the dynamic trends within ERTICO’s diverse sectors. Together, we drive the wheels of change in the world of Intelligent Transportation Systems.”
(Picture – ERTICO)