Report Id: SNS/ICT/2524 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
The Passenger Information System Market size was valued at USD 23.96 Bn in 2021 and is expected to reach USD 43.49 Bn by 2028, and grow at a CAGR of 8.89 % over the forecast period 2022-2028.
The passenger information system is a modular system that uses digital and analog technologies to provide passengers with real-time and trustworthy information as part of their travel services. Passengers on board anticipate information on critical issues such as on-board services, connections, arrival timings, delays, alternate routes, and so on. The passenger information system provides accurate information to travelers about the journey's timeliness status. Screens and loudspeakers can be used to broadcast data. The technology is proven useful in the railway and airline industries for providing passengers with information on the status of their travel.
Demand for sophisticated public transportation systems is increasing.
Smartphone and other portable device adoption is increasing.
Technological advancements that improve the passenger experience
Increased urban population and congestion in public transportation networks.
High implementation and upkeep expenses.
Transportation regulations are strict.
IoT, 5G, and automation adoption to improve technical optimization.
Increased adoption of cloud computing, big data, and analytics.
Vehicle ownership is declining due to advancements in Mobility as a Service.
Difficulties in integrating old infrastructure and communication networks.
Data fusion is complicated by the presence of several sensors and touchpoints.
IMPACT OF COVID-19:
The growing number of COVID-19 instances has had a significant impact on the transportation industry and harmed the growth of the Public Information System Market. Because the vast majority of countries have imposed severe laws on isolating activities, there has been a significant decrease in the use of all kinds of transportation. Furthermore, initiatives based on electric cars have been temporarily halted, and several firms and manufacturers have moved their focus to the production of ventilators, which are in high demand. Railways, as one of the most significant forms of passenger transportation, can provide autonomous and safe compartments in which only a restricted number of people can travel to provide social distancing measures. Furthermore, by recording the trip history of passengers in the unique compartments, railroads can provide information to detect passengers who may have been exposed to COVID-19 throughout their route.
In 2021, the biggest percentage was accounted for by the information display system. The employment of an information display system is prevalent throughout numerous transit stations, thanks to the significant increase in LCD and LED panels due to their compact size and cost-effective price. Transit operators are increasingly using interactive kiosks, TFT panels, and human-machine interfaces to provide trustworthy information to passengers. In the future years, the passenger information mobile solution is expected to be the fastest-growing section of the passenger information system market. Passengers are increasingly interested in mobile-based PIS apps as their use of mobile devices and smartphones grows. Furthermore, the advent of multi-modal transit apps for public transportation, as well as an increase in the number of mobile users, are expected to drive the passenger information system market throughout the forecast period.
The highway category accounted for the greatest market share in terms of revenue in 2021, owing to its use as the primary form of public transportation worldwide. The significant expansion in the amount of vehicle traffic throughout the world, combined with a shortage of transportation infrastructure to sustain it, has resulted in a greater emphasis on the management of vehicular movement and its smooth flow. The development in urbanization, along with an expansion in different public transportation infrastructures like as buses, trams, metro, and trains, is predicted to push the industry dramatically. The industry has a strong growth potential to be exploited in the near years, because to advancements in data connection, mobile device usage, and an increase in transportation technology aggregators. The upgrading and enhancement of public transportation networks has resulted in an increase in the number of passengers choosing public transportation vehicles.
In 2021, the solution sector held the highest market share. The increase can be attributable to the rising demand for transportation infrastructure hardware and software. Equipment in the solution area comprises multimedia devices, communication devices, networking devices, sensors, and routers. Passengers can access information either physically within a transportation mode or remotely via mobile applications or web browsers. The passenger information system provides a range of transit information such as the real-time status of public transportation vehicle arrival and departure, highlight vehicle delays, and other emergency notifications. The developments in the passenger information system are not only beneficial to passengers at the station or airport, but they may also be useful in emergency circumstances since essential information may be supplied in real-time at remote locations.
KEY MARKET SEGMENTS:
On The Basis of Component
On The Basis of Type
Information Display System
Passenger Information Mobile Solutions
On The Basis of Mode
Airway & Waterway
North America would have the largest PIS market share. Furthermore, the United States is the largest PIS market, and the primary factors driving this industry's growth include significant expenditures in government-supported infrastructure projects as well as efficient passenger information system services. Asia Pacific is also a big industry participant, with a considerable Passenger Information System Market Demand. The fundamental reason for this is that the Asia Pacific area has a large number of emerging and prospective countries. Furthermore, these nations are seeing significant development in the areas of infrastructure changes and digitalization. As a result, these nations are generating appealing PIS market chances for providers in this industry.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are Alstom, Cubic Corporation, Hitachi, Ltd., Indra Sistemas Sa, Mitsubishi electric corporation, Siemens ag, Singapore technologies electronics limited, Teleste Corporation, Thales Group, Toshiba corporation, Wabtec Corporation
|Market Size in 2021||USD 23.96 Billion|
|Market Size by 2028||USD 43.49 Billion|
|CAGR||CAGR 8.89 % From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Component (Solution and Services)
• by Type (Information Display System, Announcement System, Infotainment System, Passenger Information Mobile Solutions, and Others)
• by Mode (Airway & Waterway, Railway, and Roadway)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Alstom, Cubic Corporation, Hitachi, Ltd., Indra Sistemas Sa, Mitsubishi electric corporation, Siemens ag, Singapore technologies electronics limited, Teleste Corporation, Thales Group, Toshiba corporation, Wabtec Corporation|
|Key Drivers||•Demand for sophisticated public transportation systems is increasing.
Smartphone and other portable device adoption is increasing.
|Market Restraints||•High implementation and upkeep expenses.
•Transportation regulations are strict.
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the Passenger Information System market is 2022-2028.
Ans: - High implementation and upkeep expenses and transportation regulations are strict.
Ans: - The segments covered in the Passenger Information System Market report for study are on the Basis of Component, Type, and Mode.
Ans: - North America would have the largest PIS market share.
Ans: - The major key players are Alstom, Cubic Corporation, Hitachi, Ltd., Indra Sistemas Sa, Mitsubishi electric corporation, Siemens ag, Singapore technologies electronics limited, Teleste Corporation, Thales Group, Toshiba corporation, Wabtec Corporation.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Passenger Information System Market Segmentation, by Component
9. Passenger Information System Market Segmentation, by Type
9.1 Information Display System
9.2 Announcement System
9.3 Infotainment System
9.4 Passenger Information Mobile Solutions
10. Passenger Information System Market Segmentation, by Mode
10.1 Airway & Waterway
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Cubic corporation
12.3 Hitachi, Ltd.
12.4 Indra Sistemas Sa
12.5 Mitsubishi electric corporation
12.6 Siemens ag
12.7 Singapore technologies electronics limited
12.8 Teleste corporation
12.9 Thales Group
12.10 Wabtec Corporation
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
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