Key Influencer in the Passenger Information System Market 2025: Surge In Travelers Fuels Growth For Passenger Information Systems In Transportation Driver

Which drivers are expected to have the greatest impact on the over the passenger information system market's growth?
An increase in the number of travelers and passengers is predicted to fuel the expansion of the passenger information system market. This system delivers real-time updates about public transport statuses and other relevant data, contributing to a more secure and comfortable journey for users. For example, as reported by the International Air Transport Association, a Canada-based global airlines trade group, there was an increase of 76.0% in revenue passenger kilometers or RPKs, a measure of total traffic, and the domestic traffic went up by 11.7% in March 2022 as compared to the same month in the previous year. Thus, the accelerating number of travelers and passengers is significantly propelling the growth of the passenger information system market.

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What is the projected compound annual growth rate (CAGR) of the passenger information system market from 2025 to 2034, and what factors influence it?
The market size for the passenger information system has experienced robust growth in the past few years. The sector, which is projected to expand from $27.2 billion in 2024 to $29.73 billion in 2025, will have a compound annual growth rate (CAGR) of 9.3%. Factors influencing this period of growth have included the rise of urbanization and public transportation, regulatory demands, improvements to the passenger experience, heightened mobility and connectivity, and concerns over safety and security.

The market size of the passenger information system is projected to experience swift expansion in the upcoming years, with expected growth to $48.65 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in this projection period can be accredited to factors such as bespoke passenger services, predictive analytics for optimizing service, measures for cybersecurity, sustainability, and environmentally friendly transport. Predominant trends during the forecast period include advancements in communication technology, the rise of augmented reality (AR) and virtual reality (VR), real-time updates on travel, synchronization with mobile gadgets, and multimodal integration.

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What are the most significant trends transforming the passenger information system market today?
Firms within the passenger electric vehicle market are prioritizing the advancement of technologies that enhance the vehicle range. Car manufacturers have expanded their electric models' battery range by an average of 38 miles annually, representing a 15% increase cumulatively. Further advancements include fluoride-ion batteries, which outperform the currently deployed lithium-ion batteries. These fluoride-ion batteries possess superior energy density and are environmentally friendlier than existing lithium-ion technology. This novel battery technology could allow an electric vehicle to travel further using the same size battery pack or maintain the same distance using a smaller battery pack, thereby extending the vehicle's range. Honda is already investing in this technology and is collaborating with CalTech and NASA's Jet Propulsion Laboratory to develop it further.

Which key market segments comprise the passenger information system market and drive its revenue growth?
The passenger information system market covered in this report 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

Subsegments:
1) By Hardware: Display Screens, Audio Systems, Networking Equipment, Control Systems
2) By Software: Content Management Systems, Real-Time Data Processing Software, Mobile Applications, Analytics Software
3) By Service: Installation Services, Maintenance and Support Services, Consulting Services, Training Services

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What regions are at the forefront of passenger information system market expansion?
Asia-Pacific was the largest region in the passenger information system market in 2024. This region is expected to remain the largest during the next five years. The regions covered in the passenger information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the passenger information system market?
Major companies operating in the passenger information system market include Huawei Technologies Co Ltd., Hitachi Ltd., Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, Toshiba Corporation, Thales Group, Alstom SA, Atos SE, Singapore Technologies Engineering Ltd., Wabtec Corporation, Icon Multimedia, Bombardier Inc., Indra Sistemas S.A., Advantech Co Ltd., Cubic Corporation, Neusoft Corporation, TOYO DENKI SEIZO K.K., Teleste Corporation, LANCom D. O. O., ENABLE INTERNATIONAL LIMITED, AMiT Transportation, EKE-Electronics Ltd., Quester tangent Corp, Televic Rail, Dittolive Incorporated, Infotek Software & Systems Private Limited Stadler Rail

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What Is Covered In The Passenger Information System Global Market Report?

•Market Size Forecast: Examine the passenger information system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the passenger information system market for a structured understanding.
•Key Players Overview: Analyze major players in the passenger information system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the passenger information system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the passenger information system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the passenger information system market.
•Industry Challenges: Identify potential risks and obstacles affecting the passenger information system market.
•Competitive Landscape: Review strategic developments in the passenger information system market, including expansions, agreements, and new product launches.

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