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Global Passenger Information System Market Report 2023 Challenging Factors, Growth Drivers, Competitor Assessment, Future Scope And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Passenger Information System Market Size, Growth Rate, And Forecast:
The global passenger information system market size grew from $23.27 billion in 2022 to $25.97 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The passenger information system market size is expected to grow to $39.83 billion in 2027 at a CAGR of 11.3%.
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Passenger Information System Market Drivers:
The growing number of travelers and passengers is expected to propel the growth of the passenger information system market going forward. The passenger information system provides real-time updates on the status of public transportation and other information that passengers and travelers would use to have a safer and more enjoyable commute.
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Passenger Information System Market Segments:
By Component: Hardware, Software, Service
By Location: On Board, In Station
By Transportation Mode: Railways, Roadways, Airways And Waterways
By Functional Mode: Multimedia Displays, Audio Systems, Computing Systems, Networking And Communication Devices, Video Surveillance, Content Management System, Other Functional Modes
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Passenger Information System Market.
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Passenger Information System Market Key Players:
Major competitors in the passenger information system market include Alstom SA, Cubic Corporation, Siemens Mobility, Hitachi Ltd., Huawei Technologies Co Ltd., Thales Group.
The Business Research Company's "Global Passenger Information System Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Passenger Information System Market Include:
1. Executive Summary
2. Passenger Information System Market Characteristics
3. Passenger Information System Market Trends And Strategies
4. Passenger Information System Market - Macro Economic Scenario
5. Passenger Information System Market Size And Growth
……
26. Africa Passenger Information System Market
27. Passenger Information System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passenger Information System Market
29. Passenger Information System Market Future Outlook and Potential Analysis
30. Appendix
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