The Global Passenger Information System Market was valued at US$ 19 billion in 2019 and is expected to grow at a CAGR of 8.5% during 2020 and 2030.
Increased investment in public infrastructure development, government initiatives across the globe to promote public transportation to mitigate climate deterioration and advancements in passenger information systems are the key forces contributing towards the growth of the global passenger information system market.
The passenger information systems play an important role in improving the consumer experience while availing public transportation services. It is primarily used to communicate journey details, route details, entertainment and emergency information to the on-boards and in-station passengers. The government authorities across the globe are engaged in promoting the use of public modes of transportation to reduce the carbon footprint due to use of private transportation. This has fueled the adoption of advanced technology in public information systems to improve passenger experience.
Emergence and strong adoption of on-board passenger information systems for information display and entertainment across different modes of transportation has changed the dynamics of the global passenger information system market. Integration of local cloud has facilitated the access to the passenger information such as timetable, next station, line maps and so on, on smartphones over WLAN networks. This has fueled the growth of passenger information system market. However, with implementation of lockdowns across the globe amidst the COVID-19 pandemic, the demand for passenger information systems is anticipated to witness slack in coming years.
North America contributed a dominating share to the global market in 2019 and is anticipated to be a dominating market throughout the forecast period. Strong adoption of advanced technology across public transport infrastructure and expanding transportation infrastructure is anticipated to contribute towards the growth of North America passenger information system market during the forecast period.
Asia Pacific is anticipated to be the fastest growing region during the forecast period owing to the expanding transportation infrastructure and increasing investment in adoption of advanced technology across leading countries in Asia. Europe is anticipated to contribute significantly towards the global passenger information system during the forecast period owing to strong dependence on public transportation across the region.
Passenger Information System Market Share Analysis, by Geography (2022)
The report titled “Passenger Information System Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global passenger information system market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global passenger information system market is segmented on the basis of component, location, mode of transportation, and geography. Based on component, the global passenger information system market is segmented into solutions and services. The solutions are further sub-segmented into display systems, announcement systems, infotainment systems, mobile applications, emergency communication systems, and others. The services are further sub-segmented into consulting, integration, training, support & maintenance, and others. Based on location, the global passenger information system market is segmented into on-board passenger information system and in-station passenger information system. Based on mode of transportation, the global passenger information system market is segmented into railways (trains and trams), roadways, airways and waterways, and others. Based on geography, the global passenger information system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on passenger information system. Further, market share of prominent companies in the global passenger information system market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the passenger information system companies.
The global passenger information system market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the passenger information system business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global passenger information system market.
Major players active in the global passenger information system market include Alstom, AMiT, spol. s r. o., Cubic Corporation, EKE-Electronics Ltd, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation, Siemens AG, Singapore Technologies Electronics Limited, Teleste Corporation, Thales, and Toshiba Corporation.
Market Segmentation:
By Component:
By Location:
By Mode of Transportation:
By Geography :
The global Passenger Information System market was worth US$ 19 billion in 2020.
The global Passenger Information System market is expected to register a CAGR of 8.5% by 2030.
Alstom, AMiT, spol. s r. o., Cubic Corporation, EKE-Electronics Ltd, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation are few prominent players active in the market.
The global Passenger Information System market segmented on the basis of component, location, mode of transportation and geography.
North America is the principal contributor to the global Passenger Information System market.
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