The global passenger information system market was valued at USD 23.88 billion in 2021 and is projected to grow at a robust Compound Annual Growth Rate (CAGR) of 11.90% during the forecast period, driven by the increasing demand for advanced communication technologies and the growing need for enhanced passenger experience in the transportation sector.
Market Overview
Passenger Information Systems (PIS) are integrated technologies designed to provide real-time information to passengers in various transport modes, including rail, buses, metros, and airports. These systems deliver crucial information such as arrival and departure times, route changes, safety announcements, weather conditions, and delays. With the increasing adoption of digitalization and the push for smart cities and transportation, PIS are becoming an essential component of the modern transit ecosystem.
The market for PIS is expanding rapidly due to the increasing demand for better and real-time information among passengers, the advancement of IoT, and the need for efficient transportation management systems.
Key Growth Drivers
Urbanization and Growing Public Transportation Network
Urbanization and the expansion of public transportation networks across cities globally are major drivers of the PIS market. As urban populations grow, the demand for seamless and efficient transportation systems is increasing, prompting transportation authorities to invest in advanced PIS to improve operational efficiency and enhance passenger experience.
Increasing Demand for Real-Time Information
Passengers increasingly expect timely and accurate updates on their journeys. Real-time data on schedules, delays, and safety information enhances the overall travel experience, making PIS crucial for modern transportation systems.
Technological Advancements
The rise of digital signage, mobile apps, and integrated communication systems is propelling the PIS market. Additionally, the integration of cloud computing, AI, and IoT technologies into passenger information systems is allowing for better tracking, prediction, and display of transit-related data.
Government Initiatives and Smart City Development
Many governments are investing in smart city initiatives that include the integration of advanced passenger information systems in public transportation. These systems help create smart transportation networks that are efficient, environmentally friendly, and cater to passengersโ needs effectively.
Key Companies in the Passenger Information System Market
- Siemens AG
- Thales Group
- Alstom SA
- Atos SE
- Bombardier Inc.
- Toshiba Corporation
- Hitachi, Ltd.
- LG Electronics Inc.
- Huawei Technologies Co., Ltd.
- Wabtec Corporation
Recent Developments in the PIS Industry
October 2023:
Siemens AG unveiled a new cloud-based PIS platform that leverages real-time data analytics and AI to provide more accurate and timely information to passengers while enabling better transportation management for operators.
July 2022:
Thales Group introduced a new suite of digital signage solutions for airports and train stations that integrate PIS with customer service functions, allowing passengers to receive personalized travel assistance and real-time updates.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/passenger-information-system-market
Market Segmentation
The global passenger information system market can be segmented by mode of transportation, application, component, and region, providing a comprehensive understanding of the industryโs dynamics and growth opportunities.
PIS Market, Mode of Transportation Outlook (Revenue โ USD Billion, 2020โ2034)
- Railways
- Bus Transit
- Airports
- Marine
PIS Market, Component Outlook (Revenue โ USD Billion, 2020โ2034)
- Hardware (Displays, Speakers, Terminals)
- Software (Applications, Control Systems)
- Services (Integration, Maintenance, Support)
PIS Market, Application Outlook (Revenue โ USD Billion, 2020โ2034)
- Passenger Communication
- Schedule Information
- Ticketing Systems
- Safety and Security Alerts
- Other Applications
Table of Contents
- Introduction
- Report Description
- Objectives of the Study
- Market Scope
- Assumptions
- Stakeholders
- Report Description
- Executive Summary
- Market Highlights
- Research Methodology
- Overview
- Data Mining
- Data Sources
- Primary Sources
- Secondary Sources
- Overview
Regional Analysis
The passenger information system market is geographically diversified across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is expected to exhibit the highest growth rate during the forecast period, driven by the rapid expansion of urbanization, transportation infrastructure, and smart city projects in countries like China, India, and Japan. Europe and North America will continue to dominate the market due to high adoption of smart technologies and governmental focus on enhancing public transportation.
The global Passenger Information System (PIS) market is expected to experience substantial growth, driven by advancements in technology, the rise of smart cities, and the increasing need for real-time communication in public transport systems. As more governments and transit authorities invest in digital infrastructure and integrated systems, the demand for innovative and efficient PIS solutions will continue to rise. Companies operating in this space must focus on enhancing system capabilities, leveraging cutting-edge technologies, and providing a seamless passenger experience to stay competitive in the evolving market.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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