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Passenger Information System Market Growth & Forecast [2031]
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Passenger Information System Market Growth & Forecast [2031]

Segments - Passenger Information System Market by Types (Infotainment System, Information Display System, Passenger Information Mobile Solutions, Announcement System, and Others), Modes (Railway, Roadway, and Airway & Waterway), Components (Services and Solution), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Upcoming | Report ID :ICT-SE-3340 | 4.7 Rating | 60 Reviews | 233 Pages | Format : PDF Excel PPT

Report Description


Passenger Information System Market Outlook 2031

The Global Passenger Information System Market size was valued at USD 26.50 Billion in 2022 and is likely reach to USD 72.31 Billion by 2031, expanding at a CAGR of 11.8% during the forecast period, 2023-2031.

The growth of the market is attributed to rising demand for transportation agencies to bring reliable and precise real-time journey information to passengers, as well as rising need among passengers to get information of journey for secure and convenient travelling.

Passenger Information System Market Outlook

Passenger information system (PIS) acts as a point of contact between travellers and transit agencies. This is digital information system that allows tracking, convenient handling of passenger data and monitoring. PIS is used for analysis of disturbances, delays, arrival time, and departure time.

Such systems are interconnected set of devices installed on subway, platform, port, bus stands, and others to display real-time information about flight, bus, and train. The system provides information on various platforms such as indicator panels, display system, announcement system, and others.

Additionally, it can be accessed from many channels such as computers, internet-connected devices, and phones. The COVID-19 pandemic outbreak hampered the global passenger information system market due to lockdown, quarantine measures, and travel ban. The market is expected to recover soon due to decline in the number of the COVID cases globally.

  • Growing demand of intelligent transportation system is a key factor driving the market growth.
  • Rising government policies for safe and smart transportation is projected to drive the market expansion during the forecast period.
  • Increasing difficulties in data collection and data sharing between multiple organization and public transport can hamper the market growth in the projected timeline.
  • Escalating installation and maintenance cost for passenger information system acts as a major challenge that can restrict the market growth.
  • Integrating Artificial Intelligence, big data, machine learning, and Internet of Things technology with passenger information system is projected to create significant growth opportunities for the market.

Scope of Passenger Information System Market Report

The report on the global passenger information system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Passenger Information System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Infotainment System, Information Display System, Passenger Information Mobile Solutions, Announcement System, and Others), Modes (Railway, Roadway, and Airway & Waterway), and Components (Services and Solution).

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Alstom SA; Cubic Transportation Systems; Huawei Technologies Co., Ltd.; TE Connectivity; Wabtec Corp.; Advantech Co., Ltd.; Cisco Systems, Inc.; Hitachi, Ltd.; Siemens AG; and Thales Group.

Passenger Information System Market Segment Insights

Information Display System segment is anticipated to grow at a robust pace

Based on types, the global passenger information system market is divided into infotainment system, information display system, passenger information mobile solutions, announcement system, and others.

The information display system segment is anticipated to grow at a robust pace during the forecast period owing to rise in use of light-emitting diode (LED) and liquid crystal display (LCD) because of its cost-efficient pricing and compact size.

On the other hand, the passenger information mobile solutions segment is projected to expand at a substantial CAGR during the forecast period in the coming years due to increasing use of smartphones and demand of smartphone-based passenger information system application from passengers.

Passenger Information System Market Types

Roadway segment is projected to expand at a considerable CAGR

On the basis of modes, market is segregated into railway, roadway, and airway & waterway. The roadway segment is projected to expand at a considerable CAGR during the projected timeline due to roadway is a major mode of public transport across the world, increase in public transport facilities, and rapid urbanization.

However, the railway segment is expected to grow at significant growth rate in the coming years due to increasing advancements in public transport facility such as railway, trams, and metros leading to boost in the volume of passengers.

Solution segment is estimated to account for a significant market share.

In terms of components, the global passenger information system market is segmented into services and solution. The solution segment is estimated to account for a significant market share during the forecast period attributed to the use of communication devices, multimedia devices, and others by the solution segment.

This allows passengers to access information remotely with the help of web or mobile and physically within the transportation system. On the other hand, the service segment is anticipated to expand at a substantial CAGR during the forecast period in the coming years due to increase in professional consultancy in emerging economies.

Passenger Information System Market Components

Passenger Information System Market Regional Outlook

North America is anticipated to constitute a key market share

In terms of region, the global passenger information system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period due to, high investment in intelligent transportation system and focus on development of transportation infrastructure by both public and private sector.

However, the Asia Pacific market is anticipated to increase at a rapid pace during the forecast period owing to initiatives by private and government organizations for upgrade and digitalization of passenger information system across public transport sector.

Passenger Information System Market Region

Segments

Types

  • Infotainment System
  • Information Display System
  • Passenger Information Mobile Solutions
  • Announcement System
  • Others

Modes

  • Railway
  • Roadway
  • Airway & Waterway

Components

  • Services
  • Solutions

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global passenger information system market are Alstom SA; Cubic Transportation Systems; Huawei Technologies Co., Ltd.; TE Connectivity; Wabtec Corp.; Advantech Co., Ltd.; Cisco Systems, Inc.; Hitachi, Ltd.; Siemens AG; and Thales Group.

Companies are engaging in enhancing technological capabilities, and focusing on acquisitions, strategic mergers, and partnerships to expand their market share. In January 2021, Cubic Transportation Systems launched Umo. Umo is fully integrated platform for mobility service providers, riders, and transit agencies to complement its existing portfolio of transportation technology.

Passenger Information System Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Passenger Information System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Passenger Information System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Passenger Information System Market - Supply Chain
  4.5. Global Passenger Information System Market Forecast
     4.5.1. Passenger Information System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Passenger Information System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Passenger Information System Market Absolute $ Opportunity
5. Global Passenger Information System Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Passenger Information System Market Size and Volume Forecast by Types
     5.3.1. Infotainment System Information Display System Passenger Information Mobile Solutions Announcement System Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Passenger Information System Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Passenger Information System Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Passenger Information System Demand Share Forecast, 2019-2026
7. North America Passenger Information System Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Passenger Information System Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Passenger Information System Market Size and Volume Forecast by Types
     7.4.1. Infotainment System Information Display System Passenger Information Mobile Solutions Announcement System Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Passenger Information System Demand Share Forecast, 2019-2026
8. Latin America Passenger Information System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Passenger Information System Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Passenger Information System Market Size and Volume Forecast by Types
     8.4.1. Infotainment System Information Display System Passenger Information Mobile Solutions Announcement System Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Passenger Information System Demand Share Forecast, 2019-2026
9. Europe Passenger Information System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Passenger Information System Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Passenger Information System Market Size and Volume Forecast by Types
     9.4.1. Infotainment System Information Display System Passenger Information Mobile Solutions Announcement System Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Passenger Information System Demand Share Forecast, 2019-2026
10. Asia Pacific Passenger Information System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Passenger Information System Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Passenger Information System Market Size and Volume Forecast by Types
     10.4.1. Infotainment System Information Display System Passenger Information Mobile Solutions Announcement System Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Passenger Information System Demand Share Forecast, 2019-2026
11. Middle East & Africa Passenger Information System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Passenger Information System Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Passenger Information System Market Size and Volume Forecast by Types
     11.4.1. Infotainment System Information Display System Passenger Information Mobile Solutions Announcement System Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Passenger Information System Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Passenger Information System Market: Market Share Analysis
  12.2. Passenger Information System Distributors and Customers
  12.3. Passenger Information System Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Alstom Cubic Transportation Systems Huawei Technologies Co., Ltd. TE Connectivity Wabtec Corp. Advantech Co., Ltd.  

Methodology

Our Clients

Nestle SA
General Electric
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Pfizer
The John Holland Group
Honda Motor Co. Ltd.
sinopec
General Mills