Ertico Presents The Its Market Radar: A Strategic Foresight Into The Industry Transformation

ERTICO – ITS Europe, in collaboration with EY, is launching the Intelligent Transport Systems (ITS) Market Radar report, a groundbreaking analysis that delves 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. ERTICO brings together stakeholders from across the ITS community to help make mobility safer, more efficient and sustainable and consists of eight sectors – Suppliers, Service providers, Traffic and Transport Industry, Public Authorities, Research, Connectivity and Users sectors.

Throughout 2023, the ERTICO Partners from the two sectors actively participated in surveys and interviews, contributing to the valuable data for this comprehensive study. The active involvement of the ERTICO Partners from the sectors showcases a commitment to ongoing industry scrutiny and adaptation. This initiative also marks the inception of a series of annual market radar reports introduced by ERTICO, focusing on the evolving trends within its diverse sectors.

The report, beyond its quantitative analysis, goes on to articulate the strategic recommendations that came from the collaborative efforts. These recommendations not only guide the trajectory of the industry but also lay the groundwork for sustained innovation and growth within ITS. 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 Mr 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.”

Industry Overview and Regulatory Framework

The high-level overview of ITS provided in the report focuses on four key areas: Connected, Cooperative & Automated Mobility (CCAM), Clean & Eco-Mobility, Urban Mobility & Mobility as a Service (MaaS), and Transport & Logistics. Each area plays an important role in optimising transportation, reducing congestion, and enhancing mobility in the European Union.

The report also delves into the historical context and evolution of the Intelligent Transport Systems, showcasing key milestones from the 1960s to the present. It highlights how significant achievements such as the introduction of Connected and Automated Vehicles (CAVs), Mobility as a Service (MaaS), electrification, clean mobility, Big Data, predictive analytics, and the advent of 5G connectivity have shaped the industry.

The study also sheds some light on the regulatory framework influencing the ITS industry’s advancements. It highlights the EU’s ITS initiatives that align with its mission for climate-neutral cities by 2030, foster innovation hubs for climate-neutral cities by 2050, and emphasise zero-emission vehicles, sustainable alternatives, digitalisation, connectivity, and comprehensive data spaces. The EU is proven to be actively engaged with various stakeholders to build a resilient and sustainable transport system across the region. The radar report also highlights the importance of a single European data space and strengthened coordination mechanisms for the ITS Directive review.

You can find the details of the news here.