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Advanced Public Transportation System (APTS) Market Size

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

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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. Governments globally are increasing investments in smart transportation and sustainable urban mobility, driven by the push for smart cities, reduced carbon emissions, and improved public transport efficiency.

Advanced Public Transportation System (APTS) Market

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For instance, in July 2024, the U.S. Department of Transportation's Federal Transit Administration (FTA) announced USD 1.5 billion in funding for 117 public transportation projects across 47 states. Over the past three years, nearly $5 billion has been allocated under the Bipartisan Infrastructure Law to modernize and replace transit buses nationwide. Funding initiatives, including grants and subsidies, support infrastructure modernization, automated transit systems, and integrated ticketing solutions. Efforts to reduce traffic congestion, enhance safety, and improve accessibility are accelerating the adoption of Advanced Public Transportation Systems (APTS).

Advanced Public Transportation System Market Report Attributes
Report Attribute	Details
Base Year:	2024
Advanced Public Transportation System Market Size in 2024:	USD 6.4 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	8.3%
2034 Value Projection:	USD 13.9 Billion
Historical Data for:	2021 - 2024
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Component, Technology, Application, Mode of Transportation, End Use
Growth Drivers:	Growth in urban traffic congestion Emerging digitization in public transportation fleets Infrastructure investments by governments Changing mobility preferences
Pitfalls & Challenges:	Regulatory standardization challenges High initial infrastructure investment

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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.

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.