Market Overview
In 2019, Global Passenger Information System Market was valued at USD 14,554.48 Million; it is expected to reach USD 32,714.63 Million by the end of 2027.
A passenger information system is an automated system designed and deployed by public modes of transport, including roadways, airways, and railways, to display information about the departure and arrival of a transport vehicle scheduled on a particular time interval. The technology advancement in the transport sector drives the market for passenger information systems, which are available in several forms such as LEDs, display boards, information announcement systems, or passenger information mobile applications. Furthermore, the increasing concern of security at public transports and increasing urbanization is also expected to fuel the growth of the global passenger information system market in the next few years.
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Segmental Analysis
The global passenger information system market has been segmented based on solution, component, services, transportation mode, and region.
By solution, the passenger information system market has been segmented into information announcement system, display system, emergency communication system, infotainment system, passenger information mobile application and others. In 2018, the display systems segment held the largest share of the market.
By component, the passenger information system market is segmented into multimedia display, networking devices, communication devices, sensors, and others. In 2018, the networking devices segment accounted for the largest share of the global market.
By services, the passenger information system market has been classified into cloud services, professional services, and integration services. In 2018, the integration services segment accounted for the largest share of the global market.
Based on transportation mode, the passenger information system market has been classified into roadways, railways, and airways. In 2018, the railways segment held the largest share of the global market.
Competitive Analysis
The key players operating in the global passenger information system market include General Electric (US), Huawei technologies co. Ltd (China), Cubic Corporation (US), Siemens AG (Germany), Advantech Corporation (Taiwan), Medha Servo Drives Pvt. Ltd. (India), Neusoft Corporation (China), INFAX, INC. (US), Passio Technologies, Inc. (US), DTI Group (Australia), ALSTOM (France), CAF (EGYPT), Construcciones Y Auxiliar De Ferrocarriles, S.A. (Spain), Hitachi, LTD. (Japan), and Stadler Rail AG (Switzerland).
Regional Analysis
The geographic analysis of the passenger information system market has been conducted for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.
North America is the major region in terms of market share in the passenger information system market. The regional market is characterized by the presence of many passenger information system providers that offer their services at a local and international level. The key driving factors for the growth of the passenger information system market in the region include rapid urbanization, the high adoption rate of IoT, and the quick adoption of innovative technologies to improve efficiency. The North American countries covered in this study are the US, Canada, and Mexico.
The US is a leading country in North America, holding the largest market share. The market in the country is mature. The key players, such as Advantech Corporation and Cubic Transportation Systems, which are based in the US, are investing in the development of passenger information systems. The passenger information system is being deployed on a large scale in the US for more than a decade. Public transportation poses a high risk of safety due to its massive reach and public nature of the service. The transit companies must ensure the safety and security of the travelers while traveling as well as their facilities, including bus stops, transit stations, and halts. Thus, public information systems, voice announcements, and bus signs are witnessing significant demand in the country.
For this study, Asia-Pacific has been categorized into—China, Japan, India, and the rest of Asia-Pacific. The region is expected to be the fastest-growing market from 2018 to 2026. This is attributed to the presence of active players in China, Japan, South Korea, India, and Hong Kong. The companies in Asia-Pacific are Huawei Technologies Co. Ltd (China), SAMSUNG (South Korea), Komachine.com, Co. (South Korea), and Mitsubishi Electric Corporation (Japan). Other key industry players operating in this market are focused on expanding their presence in the regional market by collaborating with telecommunication network providers and transportation operators. China is expected to be a leading country in the regional market.
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Global Passenger Information System Market was valued US$ 14.34 Bn in 2017 and is expected to reach US$ 45.54 Bn by 2026, at a CAGR of 15.54% during a forecast period.Passenger information system market is a communication link between a transport agency and passengers.
It empowers to deliver information related to real-time vehicle location status updates, timely announcements, and schedule of the journey.Advancements in the telecommunication sector to enable faster data transfer capabilities, increasing IoT adoption in transportation sector, growing urbanization coupled with rising traffic in public transits, and increasing demand for intelligent transportation systems are the major factors for the growth of the marketGet More Information Passenger Information System Market: https://www.trendsmarketresearch.com/report/sample/6051High cost associated with implementation, managing the passenger information and technical limitation are some of the factors restraining the market growth.
Additionally, lack of awareness, use of legacy systems, and poor internet connectivity in the underdeveloped nations limit the deployment and usage of passenger information systems.Increasing adoption of cloud and big data technologies is expected to provide good opportunities for the market growth.Railway segment is estimated to grow at a significant pace during the forecast period owing to rising the traveling comfort for passengers, giving them real-time information.
So that, we are designing, installing and maintaining passenger information systems for every rail environment.Passenger information mobile applications allow passengers to look at availability of buses, while at home, in the office, hotel.
Addresses safety concerns, makes managing simple, improves efficiency time savings is boosting the passenger information mobile applications segment.North America is the largest share of global passenger information system market owing to technological advancement and developed network architecture.
However, the Asia Pacific and South America are estimated to grow at a higher rate during the forecast period due to the growing population and increased per capita income.Key players in global passenger information system market are Alstom, Cubic Corporation, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation, Siemens AG, Singapore Technologies Electronics Limited, Teleste Corporation, Thales, Advantech Co., Ltd, Huawei Technologies, Cisco, TE Connectivity, and Toshiba Corporation.Request For Report discount: https://www.trendsmarketresearch.com/report/discount/6051Scope of the Global Passenger Information System MarketGlobal Passenger Information System Market by ComponentHardwareSoftwareServicesGlobal Passenger Information System Market by SolutionInformation Display SystemAnnouncement SystemsInfotainment SystemsPassenger Information Mobile ApplicationsEmergency Communication SystemsGlobal Passenger Information System Market by Mode of TransportationAirwayRailwayRoadwayGlobal Passenger Information System Market by GeographyNorth AmericaEuropeAsia-PacificMiddle East AfricaSouth AmericaKey Players operating in the Global Passenger Information System MarketAlstomCubic CorporationHitachi, LtdIndraMitsubishi Electric CorporationSiemens AGSingapore Technologies Electronics LimitedTeleste CorporationThalesToshiba CorporationAdvantech Co., LtdHuawei TechnologiesCiscoTE ConnectivityReport Description : https://www.trendsmarketresearch.com/report/analysis/MMR/global-passenger-information-system-market View More : Information Technology & TelecommunicationAbout Us:Trends Market Research is one of the leading digital services provider and a result-oriented company based in U.K... We are a team of enthusiastic-driven individuals with top notch skills in SEO, Market research.
Global Passenger Information System Market was valued US$ 14.34 Bn in 2017 and is expected to reach US$ 45.54 Bn by 2026, at a CAGR of 15.54% during a forecast period.Passenger information system market is a communication link between a transport agency and passengers.
It empowers to deliver information related to real-time vehicle location status updates, timely announcements, and schedule of the journey.Advancements in the telecommunication sector to enable faster data transfer capabilities, increasing IoT adoption in transportation sector, growing urbanization coupled with rising traffic in public transits, and increasing demand for intelligent transportation systems are the major factors for the growth of the marketFor more info, Get PDF at: https://www.trendsmarketresearch.com/report/sample/6051High cost associated with implementation, managing the passenger information and technical limitation are some of the factors restraining the market growth.
Additionally, lack of awareness, use of legacy systems, and poor internet connectivity in the underdeveloped nations limit the deployment and usage of passenger information systems.Increasing adoption of cloud and big data technologies is expected to provide good opportunities for the market growth.Railway segment is estimated to grow at a significant pace during the forecast period owing to rising the traveling comfort for passengers, giving them real-time information.
So that, we are designing, installing and maintaining passenger information systems for every rail environment.Passenger information mobile applications allow passengers to look at availability of buses, while at home, in the office, hotel.
Addresses safety concerns, makes managing simple, improves efficiency time savings is boosting the passenger information mobile applications segment.North America is the largest share of global passenger information system market owing to technological advancement and developed network architecture.
However, the Asia Pacific and South America are estimated to grow at a higher rate during the forecast period due to the growing population and increased per capita income.Key players in global passenger information system market are Alstom, Cubic Corporation, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation, Siemens AG, Singapore Technologies Electronics Limited, Teleste Corporation, Thales, Advantech Co., Ltd, Huawei Technologies, Cisco, TE Connectivity, and Toshiba Corporation.Scope of the Global Passenger Information System MarketGlobal Passenger Information System Market by ComponentHardwareSoftwareServicesGlobal Passenger Information System Market by SolutionInformation Display SystemAnnouncement SystemsInfotainment SystemsPassenger Information Mobile ApplicationsEmergency Communication SystemsYou can Buy This Report from Here @ https://www.trendsmarketresearch.com/checkout/6051/SingleGlobal Passenger Information System Market by Mode of TransportationAirwayRailwayRoadwayGlobal Passenger Information System Market by GeographyNorth AmericaEuropeAsia-PacificMiddle East AfricaSouth AmericaGet Discount on This Report: https://www.trendsmarketresearch.com/report/discount/6051Key Players operating in the Global Passenger Information System MarketAlstomCubic CorporationHitachi, LtdIndraMitsubishi Electric CorporationSiemens AGSingapore Technologies Electronics LimitedTeleste CorporationThalesToshiba CorporationAdvantech Co., LtdHuawei TechnologiesCiscoTE Connectivity
