Passenger Information System Market Report Overview
Maximize Market Research provides a comprehensive analysis of Passenger Information System to provide a current snapshot of the market to understand its feature in an optimized way. The "Passenger Information System Market" report presents market characteristics in terms of accumulation, segmentation, dominance, and combination traits. The report provides a Passenger Information System market overview by standard topics which are highlighted with customized data according to the necessity. This overview helps in decisions on how to approach the market and understand the context of the Passenger Information System industry.
Market Growth Projection:Passenger Information System Market size was valued at US $ 29.85 Bn and is expected to reach nearly US $ 62.76 Bn by 2030 with the CAGR of 11.2% during the forecast period.
Market Dynamics:
The rising awareness regarding arrival times of trains and buses serves as a driving force for the Passenger Information System Market. In an era where ridesharing services challenge traditional taxi and public transportation, PIS emerges as a crucial tool for public transport agencies to upgrade services and provide passengers with a positive experience. Technological advancements, including improved digitization and communication systems, propel market growth, enhancing passenger service and satisfaction. However, data security and privacy concerns pose significant challenges, impacting successful PIS deployment and passenger confidence.
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Passenger Information System Market Report Scope and Research Methodology
The Competitive landscape section illustrates the growth strategies embraced by suppliers in the Passenger Information System industry. The coverage in this segment offers valuable perspectives at various tiers, enabling stakeholders to stay current with industry trends and engage in the economic dynamics. Within the Passenger Information System market report's competitive scenario, companies' activities are categorized into Merger & Acquisition, Agreement, Collaboration & Partnership, Product Launch & Enhancement, Investment & Funding, as well as Award, Recognition & Expansion.
The accumulated news within the Passenger Information System report equips suppliers with insights into market gaps and competitors' strengths and weaknesses, thereby offering valuable information to enhance products and services. It presents a clear picture of the supplier's revenue contribution to the overall Passenger Information System market relative to other players in the field. Furthermore, it sheds light on the performance of players concerning revenue generation and customer base in comparison to their counterparts.
Passenger Information System Market Regional Insights
North America: U.S., Canada
Europe: U.K., Germany, Rest of Europe
Asia-Pacific: China, Japan, Rest of Asia Pacific
Latin America: Brazil, Mexico, Rest of Latin America
Middle East and Africa: GCC, Rest of MEA
Market size and forecast for these regional and country-level markets are presented in this Passenger Information System market report for the period 2024-2030.
Passenger Information System Market Segmentation:
by Component
Hardware
Software
Service
by Solution
Information Display System
Announcement Systems
Infotainment Systems
Passenger Information Mobile Applications
Emergency Communication Systems
by Mode of Transportation
Airway
Railway
Roadway
Waterway
The market was divided into four segments: waterway, railroad, road, and airline. In 2023, the Passenger Information System Market Share that was largest belonged to the Airway category. Airports are ideally suited to manage heavy passenger volumes, complicated scheduling, and logistical challenges. A key component of efficient operation and prompt information distribution is the passenger information system (PIS). In 2023, the Railway category accounted for the second-largest proportion of the global market. These technologies contribute significantly to the efficient operation of railway networks and raise passenger satisfaction levels by guaranteeing the prompt dissemination of train timetables, platform information, and pertinent updates. Railway operators and transport authorities have shown a great deal of interest in the Railway segment because to its emphasis on accurate information delivery and punctuality.
by Location
On Board
In Station
by Functional Mode
Multimedia Display
Audio Systems
Computing Systems
Networking and Communication Devices
Video Surveillance
Content Management System
Others
Passenger Information System Market Key Players:
North America:
1. Cubic Corporation [United States]
2. Passio Technologies [United States]
3. Wabtec [United States]
Europe:
1. Alstom [France]
2. Siemens AG [Germany]
3. Thales[France]
4. Teleste Corporation [Finland]
5. ICON Multimedia [Spain]
6. r2p [Germany]
7. Indra [Spain]
8. TE Connectivity [Switzerland]
9. DYSTEN [Poland]
Asia Pacific:
1. Hitachi, Ltd [Japan]
2. Mitsubishi Electric Corporation [Japan]
3. Singapore Technologies Electronics Limited [Singapore]
4. Toshiba Corporation [Japan]
5. Huawei Technologies [China]
6. Mitsubishi Electric [Japan]
7. ST Engineering [Singapore]
8. Lunetta [Taiwan]
9. Simpleway [Czech Republic]
10. Advantech Co., Ltd [Taiwan]
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Key Questions answered in the Passenger Information System Market Report are:
- What is Passenger Information System?
- What is the CAGR of the Passenger Information System market during the forecast period?
- What is the expected Passenger Information System market size by 2030?
- Which segment held the largest Passenger Information System market share in 2023?
- What is the competitive scenario of the Passenger Information System market?
- What are the main factors driving the growth of the Passenger Information System market?
- Which region has the maximum Passenger Information System market share?
- Who are the major players in the Passenger Information System market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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