Passenger Information Systems Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Passenger Information Systems Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Technology & Media | PPT format

Report Digest


Passenger Information Systems Market: Snapshot 

Passenger information systems, referring to tools and applications commonly used to track details regarding booking, arrival, and departure of a variety of transportation mediums, are increasingly being considered a means of achieving sustainable urban transport by municipal bodies. The ever-expanding scope of urban transportation and the consequent need for adopting fleet optimization and smart telematic solutions are leveraging the scope of digital interventions in transport systems. In the near future, as the transport industry becomes digitally more mature, passenger information systems will emerge as a central medium of connecting travelers with the central information system of transportation mediums. 

The rising use of mobile devices such as smartphones and digital interfaces to stay updated on travel-related information is a key factor expected to drive the increased demand for effective passenger information systems across the globe. Advancements in the telecommunications industry and the rising expanse of internet connectivity will also allow the consumer to use passenger information systems to fetch useful information transportation-related information. 

The worldwide trend towards smart cities, wherein digital devices and information and communication technology solutions are integrated in a secure manner to effectively manage a city’s assets, is also expected to be a key driver of passenger information systems in the next few years. The rising implementation of connected transportation, especially in emerging economies with burgeoning urban populace, will allow the increased use of data communication tools such as passenger information systems. This report passenger information systems market presents a thorough overview of the present state of development of the global passenger information systems market. 

Passenger Information Systems: Overview

A passenger information system provides real-time information to the passengers. It is an electronic information system which includes both predictions about arrival and departure time of travel means. In addition, it provides information about the nature and causes of interruptions. A passenger information system can be used physically within a transportation means and remotely with the use of web browsers or a mobile device.

Previously, passengers needed to get in endless queues to inquire about the arrival and departure time of a train or a bus. Thanks to the passenger information systems, all the information can be now acquired online. Passenger information systems provide in-transit connectivity to the passengers and real-time information. This offers transport service providers an edge over other service providers. Moreover, passenger information system and solutions offer several features such as weather forecast display, news broadcast, emergency communication, on-demand information and entertainment. These features attract a higher number of passengers and help generate more revenues. Development of 3G and 4G LTE communication technologies has stimulated the demand for the display of information on arrival, departure and cause of delay on smartphones and mobiles. It has also opened new avenues for mobile application developers.

Passenger Information Systems Market: Trends and Prospects

Digitalization has increased the demand for the global passenger information systems market. The number of smartphone users has gone up over the years. With improvements in data connectivity in terms of quality as well as costs, the prospects of a better market and stronger competition in the near future can be predicted. Another reason and a crucial factor for the growth of the passenger information systems market is the steep rise in urbanization, coupled with an increase in number of public transport facilities. Due to better public transport systems, a large volume of passengers are now opting to travel with public transport. Also, the hassle of parking and rising fuel prices are pushing a greater number of daily commuters to opt for public transport. As a result, in-transit connectivity and passenger information services are now attracting transport companies to up their game and increase their customer flow.

Passenger Information Systems Market: Key Segments

The passenger information systems market is segmented on the basis of systems, mobile applications, components, modes of transportation, and services. Systems include information announcement systems, display systems, emergency communication systems, and infotainment systems. Components include multimedia displays, networking devices, communication devices, routers, and sensors. Services include integration, cloud, and professional. Modes of transportation include railways, roadways, and airways.

Geographically, the market for passenger information systems can be segmented into North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. A large percentage of the global passenger information systems market is held by North America and is projected to lead the market in the years to come. With high population and increased per capita income, Asia Pacific and Latin America will soon be registering a high growth rate.

Passenger Information Systems Market: Key Market Players

The key players in the passenger information systems include Alstom, Huawei, GE Transportation, and Cubic Transportation Systems. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?