Overview
In 2019, the global passenger information system market was valued at USD 64.51 billion; it is expected to reach 12.14% by the end of 2030
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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Competitive Analysis
The key players of the global passenger information system market are 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
Globally, the passenger information system market has been categorized into four different regions—North America, Europe, Asia-Pacific, and the rest of the world. North America dominated the passenger information system market in 2018. Asia-Pacific is expected to be the fastest-growing market from 2018 to 2026. Additionally, Europe is expected to hold the third position in the passenger information system market in terms of share during the assessment period.
North America is the dominating region in terms of market share. The regional market is characterized by the presence of many passenger information system providers that offer their services at the local and international levels.
Segmental Analysis
The segmental examination of the passenger information system market has been segmented on the basis of components, solutions, services, regions, and mode of transportation. The solution-based segmentation of the passenger information system market comprises of infotainment systems, display systems, information announcement systems, emergency communication systems, and passenger information mobile applications, among others. The component-based segmentation of the passenger information system market consists of communication devices, networking devices, sensors, multimedia displays, and others. Based on the services, the passenger information system market is segmented into professional, cloud, and integration, among others. The segmentation of the passenger information system market based on modes of transportation consists of roadways, railways, and airways. Based on the regions, the passenger information system market
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is segmented into North America, Europe, APAC, and the rest of the world.
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