Global Passenger Information System Market Industry Size, Share, Growth and Forecast To 2025

The global passenger information system industry provides passengers with real-time information regarding transportation in the form of visual, voice or any other media. These passenger information system products are widely used by consumers to enhance their connectivity with the transportation system. The factors that were fuelling the growth of the market before the COVID-19 pandemic include the growing uses of smartphones coupled with the increased demand for providing better passenger experience among various transport providers. Additionally, continuous development in the field of 4G and 5G technologies has also contributed significantly to the growth of the passenger information system.

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However, with the outbreak of COVID-19 since December 2019, the market of the global passenger information system industry has shown declining results in the growth rate. The passenger information system industry has suffered most due to the lockdown situation going on across the globe. Additionally, numerous modes of transportation such as railway and airplanes were also shut down completely or partially in many countries all across the globe as a preventive measure to restrict the COVID-19 spread.

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The global passenger information system industry report is segmented based on the mode of transportation into airways, roadways, and waterways. Almost all the segments of the passenger information system industry have experienced a considerable downfall during the outbreak due to the government's guideline to reduce the travel. However, the most affected segment due to the COVID-19 pandemic is the aviation sector as most of the international as well as domestic flights have been cancelled or operating at very low volume.

Effect of COVID-19 on the passenger information industry can be observed in each region including North America, Europe, Asia Pacific and Rest of the World. In the US, the lockdown situation is going on for a long period of time as per the government guidelines. No foreign person is allowed in the country from the countries with infected people that are leading to a decline in travel rate. Europe is one of the most affected regions due to COVID-19, which results in governments has to ban traveling in various countries.

Key companies getting affected in the market include GE Transportation, Cisco Systems, Inc., Hitachi, Ltd., Huawei Technologies Co., Ltd., Siemens AG and many more.

Verticals Affected Most

Airways
Roadways
Waterways

Regional Analysis

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
Rest of Asia-Pacific

Rest of the World

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