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Advanced Public Transportation System (APTS) Market Share

Report ID: GMI12733
Published Date: Dec 2024
Report Format: PDF

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Advanced Public Transportation System Market Share

Advanced Public Transportation System (APTS) Company Market Share, 2024

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. Cubic delivers integrated ticketing systems that unify public transport modes, including buses, trains, and metros. By offering a single payment platform, Cubic enhances operational efficiency, increases ridership, and simplifies passenger travel. Its cashless payment solutions, such as smart cards and mobile apps, reduce transaction costs and times for transit agencies while providing passengers with secure and convenient payment options.

Siemens provides advanced traffic management systems that optimize signal timings to reduce congestion and prioritize public transit, improving commuter travel times. Its rail automation systems enhance safety, schedule reliability, and network capacity while minimizing human error and improving operational efficiency.

Hitachi Rail utilizes its Lumada IoT platform to integrate public transit modes into a unified ecosystem, leveraging data to improve connectivity, reduce delays, and streamline passenger experiences. Its smart ticketing, mobile apps, and real-time updates enhance convenience and reduce wait times. Hitachi’s advanced signalling technologies ensure safe, efficient rail operations by automating and optimizing train schedules.

Advanced Public Transportation System Market Companies

Major players operating in the advanced public transportation system (APTS) industry are:

Alstom
Cubic
EasyMile
Garmin
Hitachi Rail
Indra
Kapsch
Siemens Mobility
Thales Group

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of advanced public transportation system reached USD 6.4 billion in 2024 and is set to grow at an 8.3% CAGR from 2025 to 2034, driven by increasing government investments in smart transportation and sustainable urban mobility.

The real-time passenger information system segment accounted for over 30% of the APTS market share in 2024 and is expected to exceed USD 4 billion by 2034, supported by the adoption of AI and machine learning for predictive passenger analytics.

The U.S. market accounted for 45% of the revenue share in 2024, led by advancements in autonomous electric shuttle services and smart urban mobility infrastructure.

The key players in the industry include Alstom, Cubic, EasyMile, Garmin, Hitachi Rail, Indra, Kapsch, Siemens Mobility, and Thales Group.