Passenger Information System - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Passenger Information System Market is accounted for $18.90 billion in 2018 and is expected to reach $62.46 billion by 2027 growing at a CAGR of 14.2% during the forecast period. Increasing use of smartphones with enhanced connectivity improves the transit experience and rise in adoption of cloud & big data technologies are the major factors propelling the market growth. However, high implementation costs of PIS is hampering the market growth.
Passenger information system is an automated system designed and organized by public transports to show information about to departure and arrival of a transport vehicle, arranged on a particular time interval.
Based on the mode of transportation, the roadways segment is going to have a lucrative growth during the forecast period due to large number of buses in the transportation sector and increasingly adoption of PIS solutions in roadways for reliable and safe service offerings and to enhance the overall transit operations. By geography, North America is going to have a lucrative growth during the forecast period as governments are taking initiatives to digitalize and advance the information system in the public transport sector.
Some of the key players profiled in the Passenger Information System Market include Toshiba Corporations, Thales, Teleste Corporation, Singapore Technologies Electronics Limited, Siemens AG, Mitsubishi Electric Corporation, Indra, Hitachi, Ltd., Cubic Corporation and Alstom .
• In Station
• On Board
Mode of Transportations Covered:
• Airways and Waterways
Functional Models Covered:
• Video Surveillance
• Content Management System
• Computing Systems
• Audio Systems
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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