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Global Passenger Information System (PIS) Market Trends, Size, Competitive Analysis and Forecast 2019-2025

12-14-2020 09:23 AM CET | Health & Medicine

Press release from: ORION MARKET RESEARCH

Global Passenger Information System (PIS) Market Trends, Size,

The global market for PIS is projected to have considerable CAGR during the forecast period. The market growth is mainly driven due to growing demand of real time passenger information, increasing penetration of smartphone across the globe. Moreover, the growing service offerings by the travel providers to the passengers further supported the growth of PIS market. The other primary factor that is responsible for market growth is the advancements in technology. Various companies along with the top industry key players are adopting several new technologies for enhancing the passenger experiences. For instance, In December 2019, Vistara, an Indian full-service airline in partnership with Nelco, a local satellite services provider announced to provide in flight connectivity installed. Moreover, increasing implementation of IoT and AI technology coupled smart city projects further expected to provide significant opportunity to the market growth.
Request a Free Sample of our Global Passenger Information System (PIS) Market: https://www.omrglobal.com/request-sample/passenger-information-system-pis-market-size

Among mode of transportation, the Airways segment held a considerable share in the market owing to the growing aviation sector. The global aviation industry continues on its successful path, marked by strong growth especially in certain emerging markets, and healthy consolidation in more mature regions. Whereas, in emerging markets such as China, and India, it is expected to mark a momentous growth in the forecast period. According to the International Air Transport Association (IATA), China is expected to replace the US as the world’s largest aviation market in 2024. Whereas, India is projected to take over the UK for third place in 2025, while Indonesia and Japan will be ranked 5th and 7th respectively. Additionally, it is estimated that for air travel approximately 817 million new passengers will be added to account for a total of 1.3 billion in 2035 in China. Whereas, 322 million new additional passengers will add to account a total of 442 million in India. According to the World Bank, there were approximately 3.23 billion passengers traveled via air which further raised to 4.23 Billion passengers in 2018, thus such an increase in the number of passengers traveling via air supports the growth of the market.

A full Report of Global Passenger Information System (PIS) Market is Available at: https://www.omrglobal.com/industry-reports/passenger-information-system-pis-market-size

Global Passenger Information System (PIS) Market Segmentation

By Product Type

Hardware

Software & Services

By Mode of Transportation

Airways

Roadways

Railways

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

Company Profiles

Advantech Co., Ltd.

ALSTOM Holdings

Cisco Systems, Inc.

Cubic Corp.

Dysten Sp. z o.o.

Hitachi, Ltd.

Huawei Technologies Co., Ltd.

Indra Sistemas, S.A.

ICON Multimedia S.L.

LANCom d.o.o. Co.

Mitsubishi Electric Corp.

Passio Technologies

Siemens AG

Singapore Technologies Engineering Ltd.

Simpleway Europe a.s.

Thales Group

Teleste Corp.

Televic Group NV

TE Connectivity Corp

Wabtec Corp.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/passenger-information-system-pis-market-size

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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