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.
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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.
Finally, PIS systems are starting to make use of artificial intelligence (AI) and data analytics to provide passengers with more personalized information and recommendations. For example, a PIS system might use data about a passenger’s previous travel history to recommend restaurants or attractions that are nearby their current location.
Overall, these trends are making PIS systems more user-friendly, efficient, and personalized, which is ultimately leading to a better passenger experience.
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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.
Restraints & Challenges
There are a few key restraints and challenges in the Passenger Information System market.
Firstly, the high cost of installation and maintenance of these systems can be a deterrent for some market players.
Secondly, the need for skilled personnel to operate and maintain these systems can also be a challenge.
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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.
Key Market 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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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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