Global Passenger Information System Market Set to Expedite Growth of 14.60% Over 2025 | Alstom, Hitachi, Ltd., Indra,

Rise in demand for real-time transit information solutions for the passengers, increased adoption of smartphones, increased penetration of IoT solutions in transportation sector, and advancements in telecommunication offerings are anticipated to drive the growth of the global passenger information system market.

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In addition, surge in adoption of cloud and big data technologies is expected to create lucrative opportunities for the growth of the market. However, high cost associated with implementation, managing the passenger information and dearth of advanced infrastructure facilities among the developing economies of Asia-Pacific and LAMEA for installing these systems are anticipated to hamper the market growth during the forecast period.

Asia-Pacific is expected to grow at a highest CAGR, owing to increased IoT penetration among the transportation industry; demand for intelligent transportation systems; development of new railway, roadway, and metro projects among the developed & developing economies such as India, Japan, Singapore, and others, which are adopting smart transportation systems.

According to a recent report published by Allied Market Research, the global passenger information system market was valued at $13,703 million in 2016, and is projected to reach at $45,679 million by 2025, growing at a CAGR of 14.60% from 2018 to 2025.

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A passenger information system (PIS) is an automated system that supplies users of public transport with information about the nature and state of a public transport service through visual, voice, or other media. It is also known as a customer information system or an operational information system. The system provides both static and real-time information to passengers, enhancing their travel experience and confidence in using public transport.

The key drivers behind the growth of the Passenger Information System (PIS) market are:

1. Increasing Demand for Enhanced Passenger Experience: The growing need for improved transit experiences and smart transportation solutions drives technological advancements in PIS.

2. Integration of Real-Time Technologies: The integration of real-time technologies, such as IoT and mobile applications, enhances the efficiency and effectiveness of PIS, contributing to market growth.

3. Urbanization and Transit Infrastructure Investments: Rapid urbanization and significant investments in public transportation infrastructure, particularly in regions like Asia-Pacific, fuel the adoption of PIS.

4. Growing Focus on Smart Transportation Solutions: Cities worldwide are shifting towards smart transportation solutions, which includes the integration of advanced technologies like real-time information systems, further propelling the PIS market.

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The key players in the Passenger Information System (PIS) market include:

• Alstom
• Cubic Corporation
• Hitachi, Ltd.
• Indra
• Mitsubishi Electric Corporation
• Siemens AG
• Singapore Technologies Electronics Limited
• Teleste Corporation
• Thales
• Toshiba Corporation
• Advantech Co. Ltd.
• Cisco Systems Inc.

These companies are the major players in the global PIS market and have adopted various strategies such as new product launches, partnerships, and acquisitions to expand their market share and product portfolio.

The Passenger Information System (PIS) market is segmented based on several key factors:

1. Components:

• Networking Devices
• Sensors
• Multimedia Displays
• Communication Devices

2. Solutions:

• Display System
• Infotainment System
• Information Announcement System
• Passenger Information Mobile Application
• Emergency Communication System

3. Mode of Transportation:

• Railways
• Airways
• Roadways

4. Geography:

• North America
• Europe
• Asia-Pacific
• Rest of the World

These segments help to provide a detailed understanding of the market and its growth prospects

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