The ITS market for electric buses in Europe and North America to reach € 75 million by 2024
Berg Insight today released new findings about the market for Intelligent Transport Systems (ITS) for electric buses. The market value for electric bus ITS deployed in public transport operations in Europe was € 12.7 million in 2019. Growing at a compound annual growth rate (CAGR) of 37.5 percent, this number is expected to reach € 62.4 million by 2024. The North American market for electric bus ITS is similarly forecasted to grow at a CAGR of 34.2 percent from € 2.7 million in 2019 to reach € 11.8 million in 2024. Berg Insight is of the opinion that the market for ITS solutions for electric buses is in a growth phase which will last for several years to come. Mega-challenges such as urbanisation, climate change and traffic congestion continue to encourage investments in electric buses and ITS, contributing to a positive outlook for the market. Some ITS players offer complete turnkey solutions including functionality for most of the ITS applications for electric buses utilised by public transport operators, but many vendors on the market are also specialised ITS players focusing on a few sub-systems. Major international ITS players such as INIT, IVU, Clever Devices and Trapeze can provide turnkey solutions. INIT and IVU have customers mainly in Europe, while Clever Devices and Trapeze are in an early phase. The latter is expected to have the first deployment in early 2021. ENGIE Solutions has installed the CAD/AVL system Navineo on electric buses in France and can provide charging solutions for buses as part of the Charge&Go-solution. One of the leading telematics providers in Europe and North America for electric buses is ViriCiti, offering hardware and software for the management of buses and charging stations. Other important vendors serving public transport companies with different types of solutions include the Scandinavian companies Consat Telematics, FARA and Sagasystem. The Canadian company GIRO is an important player in the scheduling and planning segment, while PSI Transcom is a prominent provider of depot and charging management software in Europe. “The market for ITS solutions for electric buses is expected to grow significantly in the coming years”, said Adam Bjorkman, IoT Analyst, Berg Insight. The integration of electric buses and charging stations increases the need for ITS solutions connecting all the necessary infrastructure including electric buses, charging stations and depots. Many operators and agencies start by investing in a basic monitoring solution, but as the bus fleets go from pilot projects to larger deployments, the actors need to complement with additional subsystems for dispatching, scheduling, charging station management and depot management. “Many European countries have moved from the pilot stage in the last years, and ITS solutions will have a crucial role when the fleets become larger”, concluded Mr. Bjorkman.

Embedded car OEM telematics subscribers to reach 317 million worldwide by 2025
According to a new research report from the IoT analyst firm Berg Insight, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 20.7 percent from 102.8 million subscribers at the end of 2019 to 317.2 million subscribers at the end of 2025. Moreover, Berg Insight forecasts that shipments of embedded car OEM telematics systems worldwide will grow from 39.6 million units in 2019 to reach 71.2 million units in 2025, which represents an attach rate of 85.8 percent. New passenger car and light truck registrations declined 4.9 percent to 78.1 million worldwide in 2019. The Covid-19 crisis has had a significant impact on new car sales this year which have dropped significantly. Berg Insight still anticipates high growth of OEM telematics subscribers in the next years as connected car services become ubiquitous in all major car markets. Connected car services have evolved from being a differentiating factor to a common feature with a high attach rate among the premium car brands and are rapidly becoming increasingly common in mid-range vehicles. GM’s OnStar was launched more than 20 years ago and is today the market leader worldwide with approximately 22.0 million users in total, out of which more than 16.0 million were in North America by year-end 2019. BMW had the second largest user base of an estimated 12.5 million connected vehicles. Mercedes-Benz currently ranks third as Mercedes Me Connect is now available in more than 45 countries and recently launched in the US, Canada, Australia, Thailand and New Zealand. PSA Group is also a leading carmaker with 5.2 million connected vehicles in Europe via Peugeot, Citroën and DS. The carmaker launched an emergency and assistance call service already in 2003. Additional automotive OEMs with over 4 million telematics subscribers also include Volkswagen, Toyota/Lexus and Hyundai. “Carmakers are still experimenting with business models for connected car services as renewal rates for telematics subscriptions after the initial free period still remain relatively low”, said Martin Svegander, Senior Analyst at Berg Insight. Competition and local regulations will likely lead to that a growing number of brands will offer free basic services such as safety and diagnostics for the lifetime of the vehicle. “Carmakers are expected to offer connected car services through a modular sales approach where customers can order services individually and thus generate revenues on value-added services built on top of basic telematics services”, said Mr. Svegander. During the past years, automotive OEMs have also explored new distribution models based on company-owned sales and service centres in order to ensure the best customer experience and benefit from shorter customer feedback loops. Tesla pioneered this model and many automakers are now following suit. “Connected car products and telematics will become the central platform for building and improving customer relationships by enabling personalised services and products in a digital customer journey”, Mr Svegander concluded.

The 450 largest cellular IoT deployments together account for 349 million units
Berg Insight presents today its annual database covering the 450 largest cellular IoT deployments identified as part of the company’s world-class IoT market research activities since 2004. The extensive list includes various types of projects and product categories deployed across all IoT verticals including OEM automotive, aftermarket automotive, transport & logistics, utilities, infrastructure, buildings & security, retail, industrial, consumer electronics, healthcare and other. The database includes project size and geographical distribution by the end of 2019 as well as a 5-year forecast for each individual project. “The projects included in the top-450 list together account for approximately 349 million active cellular IoT subscriptions”, said Rickard Andersson, Principal Analyst, Berg Insight. He adds that this corresponds to as much as 22.3 percent of the total number of cellular IoT connections worldwide at the end of 2019. The 450 projects on the list are in the coming years forecasted to grow to 752 million units by 2024, corresponding to an overall compound annual growth rate (CAGR) of 16.6 percent. “More than 70 deployments on the list have surpassed 1 million subscriptions and the top-10 projects alone account for over 118 million units”, continued Mr. Andersson. Transport & logistics is the largest vertical in terms of the number of projects that made the top list, followed by retail, aftermarket automotive, utilities, buildings & security, OEM automotive, healthcare and industrial. When comparing the number of active subscriptions represented by each vertical for the entries in the top-450 list, OEM automotive is instead the largest vertical, accounting for 96 million units, ahead of transport & logistics at 76 million units and utilities representing 68 million units.

The installed base of off-highway vehicle telematics systems will reach 9.0 million units worldwide by 2024
Berg Insight estimates that the global installed base of active off-highway vehicle telematics systems reached 4.4 million units in 2019. This includes connected units deployed on various off-highway vehicles across the construction, mining, agriculture and forestry sectors. The construction sector accounts for the largest share, driven by OEM telematics systems offered by heavy equipment manufacturers. Agriculture and mining moreover each account for a similar number of connected units deployed on machines and vehicles used in agricultural and mining operations respectively. The remainder is represented by the forestry sector including telematics systems fitted to various forestry equipment. Growing at a compound annual growth rate (CAGR) of 15.4 percent, the active installed base of off-highway vehicle telematics systems is forecasted to reach 9.0 million units worldwide in 2024. “The top-10 equipment manufacturers offering telematics together account for more than 75 percent of the total number of off-highway vehicle telematics systems in use across the construction, mining, agriculture and forestry sectors globally, said Rickard Andersson, Principal Analyst, Berg Insight. Berg Insight ranks Caterpillar and Komatsu as the leading off-highway vehicle telematics providers. “Far from surprising, the leading equipment manufacturers by market share are also by far the top players when it comes to the number of off-highway vehicle telematics subscribers”, said Mr. Andersson. He adds that this is a natural development in an industry where telematics has increasingly been included as standard with the machine purchase, gradually covering more models and equipment categories. “Caterpillar was the first player to reach the milestone of 1 million connected assets”, continued Mr. Andersson. Other major manufacturers with installed bases of more than 100,000 units include JCB, Hitachi Construction Machinery, Deere & Company, SANY, Volvo Construction Equipment and Doosan. “Additional players having estimated installed bases of off-highway vehicle telematics units in the tens of thousands include Liebherr, CNH Industrial, CLAAS Group, Hyundai Construction Equipment, Tadano, AGCO and JLG Industries”, concluded Mr. Andersson. Several players make use of telematics data to improve customer service. Volvo Construction Equipment, Deere & Company, Hyundai Construction Machinery and JCB have all launched centralised services for monitoring of customer machine fleets, commonly branded as machine monitoring centres or uptime centres. Such centres are typically manned by data experts continuously analysing the aggregate machine information in order to help customers increase productivity and reduce costs by identifying issues and solving problems proactively. The incorporation of smart solutions using Artificial Intelligence (AI) and Big Data technologies in off-highway equipment can substantially impact worksites and industry structure. Also relatively straightforward applications such as over-the-air (OTA) service updates can drastically reduce the need for field service with positive effects on personnel needs and associated costs.

Professionally monitored alarm systems in Europe and North America reached 48 million at the end of 2019
Berg Insight, the world’s leading IoT market research provider, today released new findings about the market for home and small business security systems. The number of professionally monitored alarm systems in Europe is forecasted to grow at a compound annual growth rate (CAGR) of 3.9 percent from 16.5 million in 2019 to 20.0 million in 2024. In North America, the number of monitored alarm systems is forecasted to grow at a CAGR of 2.7 percent from 31.7 million in 2019 to 36.2 million in 2024. Security systems for small businesses and private homes can be divided into three main categories – local, self-monitored and professionally monitored security systems. When activated, a local security system emits an alarm sound to alert the surroundings and scare off intruders. Such systems are not monitored and cannot be accessed from remote. A self-monitored security system is connected and informs the owner of the premises upon activation by sending a text message, email or push notification. A professionally monitored security system is connected to an Alarm Receiving Centre (ARC). When the system is activated, the ARC can dispatch a security patrol and contact emergency services. ADT is the leading provider of professionally monitored alarm systems in North America with 6.5 million residential and business customers at the end of 2019. Vivint, Comcast and Brinks Home Security (Monitronics) follow and had 1.55 million, 1.38 million and 0.85 million residential and small business customers respectively. The telecommunications company Telus has emerged as one of the leading providers of home security systems in Canada. The company acquired around 500,000 customers of ADT Canada in late 2019 and reached a total of around 0.6 million customers at the end of 2019. Verisure is the leading player on the European market with a total of 3.35 million customers across several European countries as well as a few countries in South America. The second largest player in the residential and small business segment in Europe is Sector Alarm with 0.55 million customers. The company is primarily active in Sweden, Norway and Ireland and also has some customers in Finland, Spain and France. Additional Europe-based companies include Securitas, Prosegur, EPS (Crédit Mutuel) and G4S. “The shift towards interactive security systems, where users are able to access and control the security system from remote using their smartphone, has been an ongoing industry trend during the last decade”, says Martin Backman, Senior Analyst at Berg Insight. Interactive services are now increasingly complemented by smart home services and live video monitoring solutions featuring advanced video analytics. “Modern home security systems provide a much richer set of features and capabilities, which adds value for customers and at the same time allows home security system vendors to generate additional sales”, concludes Mr. Backman.

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