Surge In Travelers Fuels Growth For Passenger Information Systems In Transportation: The Driving Engine Behind Passenger Information System Market Evolution in 2025

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Passenger Information System Market Size Growth Forecast: What to Expect by 2025?
Rapid expansion has been witnessed in the passenger information system market in the past few years. The market, standing at $27.2 billion in 2024, is projected to escalate to $29.73 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.3%. Factors influencing this surge during the historic period include urbanization, expansion of public transportation, regulatory compliance, improved passenger experience, advanced mobility and connectivity, along with concerns related to safety and security.

How Will the Passenger Information System Market Size Evolve and Grow by 2029?
The market size of the passenger information system is anticipated to see substantial growth over the next several years, expanding to $48.65 billion in 2029 with a compound annual growth rate (CAGR) of 13.1%. Factors contributing to this projected growth during the forecast period include the implementation of personalized passenger services, the use of predictive analytics for optimizing services, enhancing cybersecurity, sustainability, and environmentally-friendly transportation. Key trends foreseen during the forecast period consist of technological advancements in communication, the application of augmented reality (AR) and virtual reality (VR), provision of real-time travel data, incorporation with mobile devices, and multimodal integration.

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What Drivers Are Propelling the Growth of Passenger Information System Market Forward?
The rise in the number of passengers and travelers is anticipated to boost the expansion of the passenger information system market in the future. The passenger information system offers real-time updates on public transportation status and other relevant details that can ensure a more enjoyable and safe journey for travelers and passengers. For instance, a report from the International Air Transport Association, a trade association for global airlines based in Canada, highlighted that revenue passenger kilometers (RPKs), a traffic measurement scale, saw a boost of 76.0% and domestic travel experienced an 11.7% increase in March 2022 when compared to the same month in the previous year. Consequently, the rising numbers of travelers and passengers are propelling growth in the passenger information system market.

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Which Emerging Trends Are Transforming the Passenger Information System Market in 2025?
Firms operating within the passenger electric vehicles market are emphasizing on advancements in technology to extend the distance these vehicles can travel. Auto manufacturers have improved the battery range of their electric models by an approximate 38 miles, equating to an overall average annual increase of 15%. Other progressions include the introduction of fluoride-ion batteries, outperforming the currently popular lithium-ion batteries in terms of energy density and eco-friendliness. This new battery technology allows an EV to cover more distance with a battery of the same physical size, or achieve the same range with a smaller battery, hence enhancing the vehicle's range. Honda is one of the key players who has already invested in this and is continually collaborating with CalTech and NASA's Jet Propulsion Laboratory in the development of this technology.

What Are the Key Segments in the Passenger Information System Market?
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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Who Are the Key Players Shaping the Passenger Information System Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in the Passenger Information System Market?
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.

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