According to a new market research report published by Global Insight Services ”Passenger Information System Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A passenger information system (PIS) is a system used to provide information to passengers in transit systems such as buses, trains, and subways. The information provided by a PIS may include the current location of the vehicle, the next stop, the estimated time of arrival at the next stop, and the final destination. In some cases, a PIS may also provide information about connecting transit services.
Key Players
The Passenger Information System Market includes players such as Alstom, Cubic Corporation, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation, Siemens AG, Singapore Technologies Electronics Limited, Teleste Corporation, Thales, and Toshiba Corporation.
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Key Trends
There are a few key trends in Passenger Information System (PIS) technology that are worth mentioning.
Firstly, PIS systems are becoming increasingly more user-friendly and intuitive. This is thanks to advances in the user interface (UI) and user experience (UX) design, which are making it easier for passengers to navigate PIS systems and find the information they need.
Secondly, PIS systems are becoming more and more connected. This means that they are able to share information with other systems, such as ticketing and reservation systems, in real-time. This allows for a more seamless and efficient passenger experience.
Key Drivers
There are several key drivers of the Passenger Information System (PIS) market.
Firstly, the increasing demand for a better passenger experience is driving the need for PIS.
Secondly, the need for real-time information and seamless connectivity is another key driver for PIS.
Thirdly, the increasing number of smart city initiatives is also fueling the demand for PIS.
Fourthly, the need for reducing operating costs is another key driver for PIS. Lastly, the increasing focus on safety and security is also driving the need for PIS.
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Market Segments
The Passenger Information System Market is segmented based on component, solutions, mode of transportation, and geography. By component, the market is divided into hardware, software, and services. On the basis of solution, it is categorized into information display system, announcement systems, infotainment systems, passenger information mobile applications, and emergency communication systems. Depending on mode of transportation, it is fragmented into airway, railway, and roadway. . Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Passenger Information System Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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