Global Passenger Information System Market | Key Players EUROTECH; DILAX Intelcom GmbH; Infodev Electronic Designers International

Global Passenger Information System Market By Product (Hardware, Software, Services), Type (Passenger Information Display Systems, Passenger Information Announcement Systems, Emergency Communication Systems, Infotainment Systems, Passenger Information Mobile Application), Application (Railways, Roadways, Airways), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Industry Trends and Forecast to 2026

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Major Market Competitors/Players

Few of the major competitors currently working in the global passenger information system market are EUROTECH; DILAX Intelcom GmbH; Infodev Electronic Designers International inc.; iris-GmbH infrared & intelligent sensors; Cisco; Siemens; Hitachi, Ltd.; Huawei Technologies Co., Ltd.; innovation in traffic systems SE; Clever Devices Ltd; TOYO DENKI SEIZO K.K.; Retail Sensing Ltd.; Trapeze Software ULC; Syncromatics Corporation; RATP Smart Systems; TripSpark Technologies; Postec Tecnologia; Ermetris SRL; Advantech Co., Ltd.; Dysten Sp. z o.o.; General Electric; TE Connectivity; Thales Group; Cubic Corporation among others.

Market Analysis: Global Passenger Information System Market
Global passenger information system market is expected to register a healthy CAGR of 16.60% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value is due to the focus of authorities of various regions to develop and implement smart city-based infrastructural solutions.

Market Definition: Global Passenger Information System Market
Passenger information system is the technology designed to provide real-time information of the passengers in transit with the help of various dedicated automated solutions to help them in their transit while providing secure travelling for passengers as well as service providers. This information is subsequently used for providing communication, entertainment, broadcasting and various other applications.

Market Drivers:

Enhanced innovations and advancements of technologies associated with telecommunications industry is expected to drive the market growth
High demand for real-time information of passengers in transit is expected to propel the adoption rate
Significant rise in the volume of smartphone usage will boost the market growth in the forecast period
Enhanced user experience and customer-focused service provision by the various transit providers also acts as a market driver
Market Restraints:

Significant costs required for the establishment and maintenance of these systems is expected to act as a restraint for the market growth
Lack of appropriate infrastructure required for the integration and usage of these systems; this factor is expected to hinder the market growth
Segmentation: Global Passenger Information System Market
By Product

Hardware
Information Announcement Systems
Multimedia Display Systems
LCD Display System
LED Display System
Others
Networking & Communication Systems
Sensors
Computing Systems
Others
Software
Mobile Applications
Others
Services
Professional Services
Cloud Services
Integration Services
Others
By Type

Passenger Information Display Systems
Passenger Information Announcement Systems
Emergency Communication Systems
Infotainment Systems
Passenger Information Mobile Application
By Application

Railways
Metro
Train
Roadways
Airways
Key Developments in the Market:

In June 2019, Huawei Technologies Co., Ltd. announced the availability of "Urban Rail Light Cloud", "LTE-R" and "5G Digital Indoor Systems (DIS)" solutions during the UITP Global Public Transport Summit 2019 held in Stockholm Sweden from 9-12, June 2019. The solutions have been designed to provide interconnected transportation systems for rail transport helping implement a cost-effective and efficient transport system
In November 2018, Dysten Sp. z o.o. announced that they had agreed with KZK GOP for the implementation of components to ensure the application of "Dynamic Passenger Information System" at four hundred and sixty two strategic locations throughout the Silesian region in Poland. This strategic initiative will help ensure better transportation capabilities while helping the safety of passengers

Competitive Analysis

Global passenger information system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of passenger information system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Research Methodology: Global Passenger Information System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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