Advanced Public Transportation System (APTS) Market Size - By Component, By Technology, By Application, By Mode of Transportation, By End Use, Growth Forecast, 2025 – 2034
Report ID: GMI12733
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Published Date: December 2024
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Report Format: PDF
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Base Year: 2024
Companies covered: 22
Tables & Figures: 200
Countries covered: 21
Pages: 180
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Advanced Public Transportation System (APTS) Market
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Advanced Public Transportation System Market Size
The global advanced public transportation system market size was valued at USD 6.4 billion in 2024 and is projected to grow at a CAGR of 8.3% between 2025 and 2034. The vision for smart cities fuels the global trend of lowering carbon emissions, enhancing the efficiency of public transportation systems, alongside increased spending on smart transportation developments and urban mobility investments.
For instance, in July 2024, the FTA, which is part of the U.S. Department of Transportation, announced a USD 1.5 billion support for 117 public transportation projects in 49 states. Over the past three years, nearly USD 5 billion has been allocated under the Bipartisan Infrastructure Law with the aim to modernize and substitute transit buses across the country. Granting schemes, subsidies, and other funding initiatives provide efficient services and infrastructure integration, automation of transport systems, and integrated ticketing facilities. Transforming traffic congestion, as well as enhancing safety and accessibility, is boosting the deployment of APTS specialists.
Rapid urbanization is intensifying pressure on transportation infrastructure, with projections indicating over 68% of the global population will live in urban areas by 2050. This shift demands scalable public transportation solutions to manage congestion and environmental impact. Advanced transportation systems are becoming essential for addressing urban mobility challenges, optimizing space, and delivering sustainable, adaptable solutions for dynamic urban environments.
Advanced Public Transportation System Market Trends
Transportation systems are being transformed into mobility systems through utilizing platforms sophisticatedly designed to improve the service delivery process and client experience. These systems seamlessly integrate public transport, shared, micro-mobility, and individual transportation modes with the use of state-of-the-art technology. It encompasses a set of components such as multi-modal ticketing, route-traffic intelligent systems, payment systems, and smart-mobility menus. The goal is to provide these sorts of outstanding services that ease mobility and improve the current mode of doing things.
In the example that follows, a Portugal-based developer of the MaaS platform “Pick,” Ubirider, partnered with Mastercard in January 2023 to help deliver seamless digital solutions for the transport sector. The goal of this partnership is envisaged to provide integrated operational and payment systems alongside ticketing systems to Portugal transport agencies. The purpose of this collaboration is to facilitate the growth Pick has been able to attain in Portugal by assisting users in accessing different mobility services and the use of payment methods. These new economic instruments will improve the utility and working of “Pick” as it integrates mobile apps and cloud software with web portals fostering efficient payment technologies.
Modern public transport systems require huge initial expenditures that usually exceed local government budgets. This includes technologies, upgrades, and replacement of physical plants like rolling stocks and systems development, which all require money. The issue of attracting stable resources from the combination of both public and private is very important. Besides, due to the nature of such constructions, it is usually complicated to assess the long-term growth of investments, which adds to the difficulties associated with planning, financing, and working with various people.
Advanced Public Transportation System Market Analysis
Based on the technology, the market is segmented into real-time passenger information systems, Automated Vehicle Location (AVL), Computer-aided dispatch, Electronic Payment systems (EPS), and Passenger Information Systems (PIS). In 2024, the real-time passenger information system segment accounted for over 30% of the advanced public transportation system market share and is expected to exceed USD 4 billion by 2034.
Based on the mode of transportation, the advanced public transportation system market is divided into roadways, railways, airways, and waterways. By 2034, the roadways segment is expected to exceed USD 6.5 billion due to several key factors.
In 2024, the U.S. advanced public transportation system market accounted for 45% revenue share.
Advanced Public Transportation System Market Share
Cubic Corporation, Siemens Mobility, and Hitachi Rail collectively held a substantial market share of over 16% in the advanced public transportation system (APTS) industry in 2024.
Advanced Public Transportation System Market Companies
Major players operating in the advanced public transportation system (APTS) industry are:
The advanced public transportation system market is highly competitive in nature as enterprises struggle to grow their customer base using technological improvements and innovation. The market is growing largely due to the rising need for effective, dependable, and sustainable public transport solutions, which makes the use of modern transport systems plausible as it makes operations more effective, less complicated, and enriches the experiences of customers.
Regional as well as local players are further penetrating the market by providing bespoke solutions to specific issues such as last-mile connectivity, infrastructure inefficiencies, or even policy frameworks. These kinds of players typically focus on low-cost solutions and slight variations of their products in order to appeal to smaller demographic cities and municipalities that have limited budgets.
Advanced Public Transportation System Industry News
The advanced public transportation system (APTS) market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) from 2021 to 2034, for the following segments:
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Market, By Component
Market, By Technology
Market, By Application
Market, By Mode of Transportation
The above information is provided for the following regions and countries: