Passenger Information System Market CAGR of 11.5% Size Assessment, Key Factors and Challenges by 2027

The passenger information system market was valued at US$ 19,314.66 million in 2019 and is projected to reach US$ 45,717.11 million by 2027; it is expected to grow at a CAGR of 11.5% from 2020 to 2027.

Passenger information system are established to make communication between transit authorities and passengers to delivering real-time data regarding vehicle location, journey schedule, timely announcements, and the overall updates required by passengers. Such types of systems are used to enhance the overall experience of passengers while transit by keeping them updated along with entertaining the passengers using various infotainment systems. Such systems are interconnected set of devices deployed on platform, bus stands, subway, port and others to dissipate real-time information about bus, train or flight. Growing focus over consistent, real-time, and reliable passenger information along with rising frequency of passenger journey through public transport are driving the growth of the passenger information systems market.

Passenger information system acts as the secured link between a transit agency or authorities and passengers, providing and dispersing the significant information needed for each of its end user. Such systems record and track down the necessary data related to real-time vehicle locations, current status updates, tentative journey schedules, and much more. Therefore, the important information reaches quickly without any defaults or changes to end user; hence such systems hold significance across the world. Passenger information system deploys the use of several interconnected devices, installed on platform or depots or any mode of transportation. They manage data and deliver reliable and accurate real-time transit information, which is significantly promoting the growth of passenger information system market.

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Company Profiles:

• Alstom
• Cisco Systems Inc.
• Cubic Corporation
• Dysten Sp. z o.o.
• Hitachi, Ltd
• Huawei Technologies Co., Ltd
• Singapore Technologies Engineering Ltd.
• Teleste Corporation
• Thales Group
• Wabtec Corporation

Scope of the Report

The research on the Passenger Information System market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Passenger Information System market on the basis of end user, product type, application, and demography for the forecast period 2020-2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The report segments the Global Passenger Information System market as follows:

By Component

• Solutions
• Services

By Location

• On Board
• In Station

By Mode of Transportation

• Roadways
• Railways
• Waterways and Airways

By Functional Model

• Multimedia Display
• Audio Systems
• Computing Systems
• Networking and Communication Devices
• Video Surveillance
• Content Management Systems

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Key Offerings:

• Market Size & Forecast by Revenue | 2027
• Market Dynamics - Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation - A detailed analysis by product, types, end-user, applications, segments, and geography
• Competitive Landscape - Top key vendors and other prominent vendors.

Passenger Information System Market Regional and Country-wise Analysis:

• North America (U.S., Canada, Mexico)
• Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Major highlights of the report:

All-inclusive evaluation of the parent market

Evolution of significant market aspects

Industry-wide investigation of market segments

Assessment of market value and volume in past, present, and forecast years

Evaluation of market share

Study of niche industrial sectors

Tactical approaches of market leaders

Lucrative strategies to help companies strengthen their position in the market

Contact Us:

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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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