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Global Passenger Information System Market Report 2023 Analysis And Forecast To 2032 | Major Key Players, Trends, Business Overview, And Competitive Analysis
Passenger Information System Global Market
The Business Research Company's Passenger Information System Global Market Report 2023 identifies growing number of travelers and passengers as the major driver for the Passenger Information System market's growth in the forecast period. 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.
The global passenger information system market size will grow 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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Major competitors in the Passenger Information System market are Alstom SA, Cubic Corporation, Siemens Mobility, Hitachi Ltd., Huawei Technologies Co Ltd., Thales Group, Mitsubishi Electric Corporation, Advantech, Wabtec Corporation, Cisco Systems Inc.
A key trend in the Passenger Information System market includes Technological innovation. Major companies operating in the passenger information system market are focused on developing new technological solutions to strengthen their position. For instance, in January 2020, Samsung Electronics, a South Korea-based company operating in passenger information systems, introduced Digital Cockpit 2020, which utilizes 5G to link features inside and outside the vehicle and provide connected experiences for drivers and passengers alike.
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The Passenger Information System market is segmented -
1) By Component: Hardware, Software, Service
2) By Location: On Board, In Station
3) By Transportation Mode: Railways, Roadways, Airways And Waterways
4) 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.
The Business Research Company's "Global Passenger Information System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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