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Passenger Information System Market An Insight into the Market: Key Drivers and Restraints in 2023-2031
The global passenger information system market was valued at US$ 22,876.21 million in 2021 and is projected to reach US$ 48,876.88 million by 2030, with a CAGR of 12.5% from 2022 to 2030. The market growth is primarily driven by the increasing demand from transit agencies to deliver reliable and real-time transit information to passengers, enhancing their travel experience.Request full Report Description, TOC, Table of Figure, Chart, etc : -https://reportocean.us/sample-request/report_id/QUDNTL27
Major market players in the passenger information system industry include 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, and Wabtec Corporation.
The objective of this study is to define the market sizes of different segments and countries in recent years and provide forecasts for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country included in the study. It provides detailed information about the driving factors and challenges that will define the future growth of the market. Additionally, the report analyzes the available opportunities in micro markets for stakeholders to invest in, along with a detailed analysis of the competitive landscape and product offerings of key players.
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The market is segmented based on components, locations, modes of transportation, and functional models. The components considered in the report are solutions and services. The locations include on-board and in-station passenger information systems. The modes of transportation encompass roadways, railways, waterways, and airways. The functional models consist of multimedia displays, audio systems, computing systems, networking and communication devices, video surveillance, and content management systems.
The market is further segmented into regions, including North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia), South America (Brazil, Argentina, and Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA).
The years considered for this study are 2017, 2020 (historical years), 2021 (base year), and the forecast period is from 2022 to 2030.
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The target audience for this market study includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.
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