A
passenger information system acts as a communication connection between a transport
agency and passengers. Also referred as a customer information system, it offers
real-time data of public transport through voice, visual or other media to
users. It assists in tracking details of scheduling, news broadcasts, entertainment,
and emergency communication services. In addition to this, it helps passengers
in gaining relevant information about the status of various transportation
mediums and allows them to plan their journeys better, which further increases
passenger comfort and satisfaction. The key
factors are the rising demand for transit agencies to provide reliable and precise
real-time transit information to passengers. Moreover, the surge in demand for
intelligent public transportation systems and the rising penetration of
smartphones and other handheld devices with high connectivity will augment the
global passenger information system industry in the future periods. In addition,
the advancements in the telecommunication sector to allow rapid data transfer
capabilities and increase in the adoption of the cloud, Internet of Things
(IoT), and big data technologies in the transportation sector is projected to
witness considerable growth of passenger information system. The rising usage
of advertising and information systems and an increase in urban population and
traffic in public transportation systems are anticipated to accelerate
passenger information systems’ demand over the coming years. Apart from this,
the high costs incurred in executing and maintaining the passenger
information systems can hinder the market growth.
Furthermore,
the surge in the number of passenger journeys made yearly by public transport
mediums and rapidly increasing transport infrastructure across the world is
positively influencing the market for the passenger information system. Additionally,
the significantly rising government initiatives for smart cities and smart
transportation are boosting the demand for the passenger information system
market. The increasing efforts by transport IT solution providers to fulfill
the demands of dynamic passenger information requirements and several
state-of-the-art information channels will fuel the growth of the global
passenger information system market share. Furthermore, the increasing
government initiatives to update the information systems along with the considerable
investments in intelligent transportation systems by public and private sector
companies accelerate the growth of the passenger information system market
across the world.
The
global Passenger Information System Market is segregated on the basis of
component as Hardware, Software and Service. Based on Solution the global Passenger
Information System Market is segmented in Passenger Information Display System,
Announcement System, Infotainment System, Passenger Information Mobile
Applications and Emergency Communication Systems. Based on Mode Of
Transportation the global Passenger Information System Market is segmented in Railway,
Roadway and Airway.
The
global Passenger Information System Market report provides geographic analysis
covering regions, such as Europe, North America, Asia Pacific, and Rest of The
World. The Passenger Information System Market for each region is further
segmented for major countries including the U.S., Canada, Germany, the U.K.,
France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Advantech
Co., Ltd., Alstom, Wabtec Corporation, Cubic Corporation, Cisco Systems, Inc.
and others are among the major players in the global Passenger Information
System Market. The companies studied in terms of product strategy and various n
several growth and expansion strategies to gain a competitive edge in the
market. The major players not only follow value chain integration with business
operations in multiple stages of the value chain.
- In
January 2021, Alstom acquired Bombardier Transportation a rail transport
company. With this acquisition, Alstom would empower its leadership in the rising
sustainable mobility market by reaching a crucial size in all geographies and
integrating further solutions and assets as to better serve its customers
worldwide.
- In June
2020, Wabtec introduced an air-filtration innovation known as BlueFilter to offer
a clean and healthy environment for passengers on metro and trains. The
TÜV-tested filter constantly offers fresh and clean air onboard metro and
railcars by eliminating more than 90% of contaminants per air cycle.
BlueFilter’s design eliminates contaminants which are 0.1 to 1,000 micrometers
in size. These include bacteria, allergens, various dust and viruses.
- In
January 2021, Cubic introduced Umo, a completely integrated set of platforms
for riders, transport agencies and mobility service providers to supplement its
current portfolio of transportation technology.
The global Passenger Information System Market has
been segmented as below:
Passenger
Information System Market, By Component
Passenger
Information System Market, By Solution
- Passenger Information Display
System
- Announcement System
- Infotainment System
- Passenger Information Mobile
Applications
- Emergency Communication Systems
Passenger
Information System Market, By Mode Of Transportation
Passenger
Information System Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Passenger
Information System Market, By Company
- Advantech Co., Ltd.
- Alstom
- Wabtec Corporation
- Cubic Corporation
- Cisco Systems, Inc.
- Siemens AG
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- Thales Group
- Teleste Corporation
- Televic Rail
- Mitsubishi Electric Corporation
- ST Engineering
- DYSTEN Sp. z o.o.
- Lunetta
- R2P GMBH
- Sistemas, S.A.
- ICON Multimedia S.L.
- Passio Technologies
The
report covers the below scope:
- Global Passenger Information System
Market sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Passenger Information System
Market trends, covering comprehensive range of consumer trends &
manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Passenger
Information System Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Passenger Information System Market
report scope includes detailed study covering underlying factors influencing
the industry trends. The report covers analysis on regional and country level
market dynamics. The scope also covers competitive overview providing company
market shares along with company profiles for major revenue contributing
companies. The report scope includes detailed competitive outlook covering
market shares and profiles key participants in the global Passenger Information
System Market share. Major industry players with significant revenue share
include Advantech Co., Ltd., Alstom, Wabtec Corporation,
Cubic Corporation, Cisco Systems, Inc.
and others.
Why to
Buy this Report:
- Gain detailed insights on the Passenger Information System industry trends
- Find complete analysis on the
market status
- Identify the Passenger Information
System Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement