Key Factor Supporting Global Passenger Information System Market Development in 2025: Surge In Travelers Fuels Growth For Passenger Information Systems In Transportation

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How Large Will the Passenger Information System Market Size By 2025?
The market size for passenger information systems has seen significant expansion in the preceding years. Expansion is forecasted to continue from $27.2 billion in 2024 to $29.44 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth in the historical period include urbanization and increased usage of public transport, regulatory compliance, improved passenger experience, enhanced mobility and connectivity, and concerns about safety and security.

How Big Is the Passenger Information System Market Size Expected to Grow by 2029?
Over the coming years, the market size of the passenger information system is projected to experience swift expansion. It's projected to escalate to a value of $46.85 billion in 2029, showcasing a compound annual growth rate (CAGR) of 12.3%. Factors contributing to this predicted growth within the forecast period are personalized services for passengers, the use of predictive analytics for optimizing services, cybersecurity provisions, sustainability, and eco-friendly transportation methods. In the forecast period, significant trends will likely include technological evolutions in communication, the adoption of augmented reality (AR) and virtual reality (VR), provision of real-time travel information, synergy with mobile devices, and integration of multiple modes of transport.

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Which Key Market Drivers Powering Passenger Information System Market Expansion and Growth?
The surge in travelers and passengers is predicted to fuel the enhancement of the passenger information system market in the future. This system delivers real-time data related to the status of public transport and other essential information that commuters and travelers can utilize for a safer and more pleasurable journey. For example, a study by the International Air Transport Association, a Canadian-based global trade association of airlines, showed that revenue passenger kilometers (RPKs), a measure of total traffic, witnessed a 76.0% rise and domestic traffic saw an 11.7% increase in March 2022 compared to the same month of the previous year. As such, the rising count of travelers and passengers is a key driver propelling the expansion of the passenger information system market.

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Which Fast-Growing Trends Are Poised to Disrupt the Passenger Information System Market?
The focus of corporations within the passenger electric vehicles market is shifting towards the enhancement of technology to increase their vehicles' range. There has been an average rise of 38 miles in the battery range of electric models by automakers, equivalent to a net average increase of 15% annually. The emergence of fluoride-ion batteries, superior in performance to the existing lithium-ion batteries, is another significant advancement. These batteries not only have a higher energy density but are also more environmentally-friendly than current lithium-ion technology. The revised battery technology could potentially enable an EV either to travel a greater distance with a battery pack of the same physical size or the same distance using a smaller battery pack, thereby enhancing the vehicles' range. Honda has actively invested in this novel technology, collaborating with CalTech and NASA's Jet Propulsion Laboratory.

What Are the Emerging Segments in the Passenger Information System Market?
The passenger information systemmarket 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 Global Leaders 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

Which are the Top Profitable Regional Markets for the Passenger Information System Industry?
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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