Passenger Information System Market Market Segmentation and Regional Analysis

Passenger Information System Market

Passenger Information System Market Scope and Overview

According to a report by SNS Insider, the Passenger Information System Market held a value of USD 28.9 billion in 2023. This figure is expected to surge to USD 74.15 billion by 2031, reflecting a robust compound annual growth rate (CAGR) of 12.5% over the forecast period 2024-2031.

A significant driver of this growth is the rise of intelligent public transportation systems. These systems prioritize reliable real-time information, such as accurate arrival times and delay notifications, which are crucial for passengers. PIS solutions fulfill this need by integrating data from various sources, including traffic management systems and vehicle location trackers, to provide a unified picture for passengers. Additionally, government investments in intelligent transportation systems directly bolster PIS demand, as accurate and timely data delivery is essential for efficient passenger flow management.

The PIS market is undergoing a transformation fueled by the integration of cutting-edge technologies. The emergence of the Internet of Things (IoT) has revolutionized data collection and communication within the transportation sector. By enabling the exchange of information between various electronic devices, IoT unlocks immense potential for PIS advancements. Imagine smart sensors embedded in trains and buses, seamlessly transmitting real-time data on location, speed, and potential delays to a central hub. This data can then be integrated with PIS solutions to provide passengers with up-to-the-minute information, enhancing their travel experience and journey planning.

Some of the Major Key Players Studied in this Report are:

  • Alstom
  • Cubic Corporation
  • Hitachi
  • Indra Sistemas Sa
  • Mitsubishi Electric Corporation
  • Siemens
  • Singapore Technologies Electronics
  • Teleste Corporation
  • Thales Group
  • Toshiba Corporation
  • Wabtec Corporation
  • Other Players

Recent Developments

  • In December 2023, Alstom, a global leader in transportation solutions, launched its largest Digital Experience Centre in India. This multi-million dollar investment signifies their commitment to developing next-generation signaling solutions, which are critical components of intelligent transportation systems and play a vital role in driving the demand for advanced PIS solutions.
  • In March 2023, a consortium of leading technology companies announced a pilot project to implementa 5G-powered PIS solution in a major European city.This initiative aims to leverage the high bandwidth and low latency of 5G to deliver real-time multimedia content and interactive features through PIS displays, showcasing the potential of 5G technology to revolutionize passenger information access.

Market Segmentation and Sub-Segmentation Included Are:

On The Basis of Component

  • Solution
  • Services

On The Basis of Type

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

On The Basis of Mode

  • Airway & Waterway
  • Railway
  • Roadway

Regional Outlook

North America is projected to hold the largest Passenger Information System Market in 2023. North America boasts a tech-savvy population with a high demand for advanced PIS features, ranging from real-time digital displays to AI-powered chatbots that can answer passenger queries and provide travel assistance. the region’s extensive transportation network necessitates robust and reliable PIS solutions for efficient passenger flow management. Finally, growing government support for smart city initiatives and Intelligent Transportation Systems (ITS) is accelerating PIS market growth in North America. By enhancing passenger experiences through real-time information and reduced wait times, PIS systems are demonstrably improving public transportation efficiency and ridership, setting a strong foundation for future market growth.

Key Takeaways from the Passenger Information System Market Study

  • The integration of PIS with intelligent public transportation systems is a major driver of market growth. Passengers benefit from real-time information, improved safety measures, and a smoother travel experience.
  • The convergence of IoT, 5G, and automation technologies with PIS unlocks a world of possibilities. From real-time data transmission and dynamic route maps to personalized travel recommendations.
  • The on-board PIS segment thrives due to its ability to deliver location-specific information and seamless integration with other passenger-centric technologies..
  • North America’s tech-savvy population, vast transportation network, and growing government support for smart city initiatives solidify its position as the leading market for on-board PIS solutions.

Table of Contents

  1. Introduction
  2. Industry Flowchart
  3. Research Methodology
  4. Market Dynamics
  5. Impact Analysis
    • Impact of Ukraine-Russia war
    • Impact of Economic Slowdown on Major Economies
  6. Value Chain Analysis
  7. Porter’s 5 Forces Model
  8. PEST Analysis
  9. Passenger Information System Market Segmentation, by Component
  10. Passenger Information System Market Segmentation, by Type 
  11. Passenger Information System Market Segmentation, by Mode 
  12. Regional Analysis
  13. Company Profile
  14. Competitive Landscape
  15. USE Cases and Best Practices
  16. Conclusion

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