Passenger Information System Market will reach at $56.23 billion by 2032, Size, Development Data, Growth Analysis & Forecast 2022 to 2028 -EKE-Electronics, Thales Group, Televic Group, Teleste Corporation, Indra, Atos SE, Toshiba, AMiT, SAIRA Electronics,

The global passenger information system market size to grow from USD 28.52 billion in 2022 to USD 56.23 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period. The rapid advancements in technological solutions, in recent years, have enabled better connectivity of objects, resulting in the development of smarter ecosystems and enhance passenger experience driving the PIS market..

In addition, the Global Passenger Information System market study also covers several factors such as market status, key market trends, growth forecast, and growth opportunities. Furthermore, we analyze the challenges faced by the Global Passenger Information System market in terms of global and regional basis.

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Driver: Rise in demand for intelligent public transportation systems, including real-time transit information of passengers
The growing demand for intelligent public transportation systems that provides real-time transit information for passengers is projected to drive the growth of the PIS market. As the demand for real-time information of passengers is increasing, transport service providers and transit agencies are deploying PIS solutions and services to enhance the travel experience of passengers. In order to increase passenger satisfaction, transport service providers are upgrading their information systems by offering new features, such as real-time data availability and in-transit network connectivity. The upgraded PIS provides passengers with real-time customized travel information. The real-time information comprises updated and reliable information from various sources about destinations, connections at the next station, weather, news, or any other third-party feed.

Restraint: Stringent transportation regulatory policies
Smart public transportation involves connecting multiple transportation vehicles and infrastructure wirelessly with the help of sensors and applications. However, app-based mobility services have not been defined under legal entities across several countries that are regulating their operations. In addition, taxi owners in several countries must obtain separate licenses and registration papers to carry out their operations, posing challenges for app-based mobility service providers, as they do not own these vehicles. These stringent transportation regulatory policies make it difficult for vehicle operators to provide on-demand mobility services to users, thus impacting the growth of the services segment in a negative way.

Key Players Mentioned in the Global Passenger Information System Market Research Report: EKE-Electronics, Thales Group, Televic Group, Teleste Corporation, Indra, Atos SE, Toshiba, AMiT, SAIRA Electronics, Mitsubishi Electric, Beijing Century Real Technology, Contron, Toyo Denki, GLARUN TECHNOLOGY, Sunwin Intelligent, Neusoft, Shenzhen Beihai Rail Transit Technology, Potevio

By Component:
Solutions
Services
By Solutions:
Display Systems
Announcement Systems
Emergency Communication Systems
Mobile Applications
Infotainment Systems
Others

By Services:
Consulting
Deployment and Integration
Support and Miantainance

By Location:
On Board
In Station

By Transportation Mode:
Railways
Trains
Trams
Roadways
Airways and Waterways

By Functional Mode:
Multimedia Displays
Audio Systems
Computing Systems
Networking and Communication Devices
Video Surveillance
Content Management System
Other Functional Models

By Region:
North America
US
Canada
Europe
UK
France
Germany
Rest of Europe
Asia Pacific
China
India
Rest of Asia Pacific
Middle East and Africa
United Arab Emirates
South Africa
Rest of Middle East and Africa
Latin America
Brazil
Mexico
Rest of Latin America

Recent Developments:
In June 2022, Wabtec acquired Collins Aerospace's ARINC rail business. This acquisition will serve transit, regional, inter-city, subway, commuter, and light rail systems in the US and Canada.
In April 2022, Alstom and ENGIE have entered into a partnership agreement to provide the rail freight sector with a solution for the decarbonization of mainline operations by substituting diesel-powered locomotives with hydrogen versions.
In April 2022, Hitachi Rail acquired Perpetuum, a British rail technology firm and a pioneer in offering digital solutions for improving train reliability and performance. As a part of the deal, Perpetuum's digital solutions would further improve, optimize, and expand the application of the technology solutions in Hitachi's global transportation portfolio.

Regional overview

North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa are the provincial order of the worldwide Passenger Information System market.

Analysts' Viewpoint

Passenger communication in public transportation has become vital amidst the COVID-19 crisis where display and audio communication systems are maintaining public confidence in transport services. Autonomous ticketing is offering a plethora of advantages to passengers. However, there is a still a need for mobile apps that are integrated with the technology of both software and an algorithm to meet the convenience of passengers. Hence, companies in the passenger information system market are identifying such growth opportunities in mobile apps, and are developing apps that require shorter training time and less mobile storage space. Flexible content management in on-board passenger information systems has become important for transport agencies.

Passenger Information System Market: Overview
The global passenger information system market is expected to reach US$ 65.3 Bn by 2030 from US$ 18.6 Bn in 2020, expanding at a CAGR of 13.3% from 2020 to 2030
The global passenger information system market is currently driven by increasing adoption of mobile PIS (Passenger Information System) among end users. The passenger information system market in Asia Pacific is projected to expand at a high CAGR during the forecast period. The growing adoption of passenger information systems in airports, metros, as well as ports has propelled the demand for passenger information systems in the region.
China is the most attractive market in Asia Pacific. The incremental opportunity is significantly higher for China, as it accounts for a dominant share of the passenger information system market in the region.
Passenger Information System: Market Definition
The passenger information system market report provides analysis of the global passenger information system market for the period 2018 - 2030, wherein 2019 is the base year, 2020 is the estimated year, and 2021 to 2030 is the forecast period. Data for 2018 has been included as historical information.
Passenger information systems are a set of IT solutions, hardware, and services that provide public transport status information through voice, visual, or other mediums
In this report, we analyze the challenges end users face in acquiring the right passenger information systems that can cope with rapidly changing world. The report also highlights the total revenue generated through the sale of passenger information systems across various key regions worldwide.
North America Passenger Information System: Market Snapshot
The passenger information system market in North America is anticipated to expand at a rapid pace during the forecast period, followed by Europe. North America remains the leading market for passenger information systems, with revenues in 2020 estimated at US$ 6,887.4 Mn.
Strong presence of passenger information system vendors, along with high spending in R&D in North America is a crucial factor fueling the passenger information system market. New enhancements related to passenger information systems are primarily introduced in the U.S. and then marketed around the world. Strong public transportation systems and network connectivity in the U.S. has increased the demand for passenger information systems. Increasing air passenger traffic in the U.S. and Canada is expected to propel the demand for advanced passenger information systems during the forecast period in the region.
Key Growth Drivers of Passenger Information System Market
Customer Inclination for Rich Experiences - Today's commuters are highly demanding and seek enduring travel experiences. Real-time information about routes, connections, disruptions, etc., not only helps commuters in better planning and optimum utilization of time but also indicates a professional set up and good reputation of the transport service provider. Quality of service plays a pivotal role in influencing the commuters' decision to opt for the same transport again. Providing real-time information to commuters is a win-win situation for both the transport service provider and commuters. This radical practice is driving the passenger information system market toward significant growth.
Rising Demand for Real-time Passenger Information Systems - The increasing demand for real-time passenger information systems for every mode of transport (rail, road, air, sea) is a key factor driving the market. Integration of the AVL system in public transportation systems help to provide real-time vehicle location to passengers so that they can analyze the arrival of public vehicles and manage their time accordingly.
Key Challenges Faced by Passenger Information System Market Players
Passenger information system installation is costly, as it requires an overhaul of the existing system. In most countries, railways and city bus services are initially controlled by the government. As governments worldwide prioritize on developing airports and metros, railways and buses often get low budgets/investments. Furthermore, considerable bureaucracy and paperwork at multiple levels slows down the decision making process impacting the adoption of new technologies, such as passenger information systems.
Passenger Information System Market: Competition Landscape
In December 2019, Indian Railways launched a new passenger information system at Anakapalle station in Vijayawada Division
In July 2019, Simpleway signed a strategic partnership with Infax, Inc. to provide travel hubs with an intuitive audio-visual, passenger communication platform. With this partnership, companies are expected to offer a robust unified software system to end- users for passenger communication.
Passenger Information System Market: Company Profile Snapshot
Advantech Corporation: Incorporated in 1983, Advantech Corporation is a Taipei, Taiwan based company that designs, develops, and markets industrial computing and automation solutions. The company provides various hardware, software, and services.
Cubic Corporation: Cubic Corporation is a U.S.-based technology driven company that provides innovative, mission-critical solutions. The company designs, integrates, and operates systems, products, and services for transportation, communication, computers, information systems, etc.
Other major players operating in the global passenger information system market and profiled in the report include
Alstom SA
Cisco Systems Inc.
Fujitsu Ltd.
Funkwerk AG
Hitachi Ltd.
Huawei Technologies Co., Ltd.
Indra Sistemas S.A.
Mitsubishi Electric Corporation
Siemens AG
Simpleway Europe a.s.
Teleste Corporation
Televic Group NV
Thales Group

The objective of the studies:

- To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global Passenger Information System Market.

-Provide information on factors affecting the growth of the market. To analyze the Passenger Information System Market based on various factors- price analysis, supply chain analysis, Gate Five force analysis, etc.

-Provide historical and forecast revenue of market segments and sub-segments for four major geographies and their countries - North America, Europe, Asia, Latin America and Rest of the World.

-Provide country level market analysis relative to current market size and future prospects.

- To provide country level market analysis for the segment by application, product type and sub-segments.

-Provide a strategic profile of the major market players, by deeply analyzing their core competencies and drawing a competitive landscape for the market.

- Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Passenger Information System Market.

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Impact of COVID-19

The effect of the COVID-19 outbreak at the Passenger Information System market is investigated on this exam. Furthermore, there is a wealth of information available approximately the COVID-19 pandemic market's capacity and present-day effect. The studies consist of a radical examination of the previous market in addition to an assessment of potential opportunities over the forecast period 2022-2029.

Table of Contents:

1 Study Coverage

2 Market by Type

3 Market by Application

4 Global Passenger Information System Competitor Landscape by Company

5 Global Passenger Information System Market Size by Region

6 Segment in Region Level & Country Level

7 Company Profiles

8 Industry Chain and Sales Channels Analysis

9 Research Findings and Conclusion

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