The global passenger information market is experiencing rapid growth, driven by the increasing demand for real-time information and communication systems in the transportation sector. Passenger information systems provide travelers with up-to-date information on routes, schedules, delays, and other travel-related information, enhancing the overall passenger experience. Factors such as growing urbanization, rising population, and increasing focus on smart transportation solutions are fueling the market growth. The market is characterized by a range of technologies, including display systems, announcement systems, mobile applications, and others, which are used to deliver information to passengers. Major players in the market are focusing on product innovation, strategic partnerships, and acquisitions to gain a competitive edge and expand their market presence.
The Global Passenger Information Market is projected to reach USD 15,284,564.68 thousand by 2029, with a CAGR of 8.7% during the forecast period of 2021 to 2029.
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Below are the Top Five Passenger Information Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Hitachi, Ltd.
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Hitachi provides innovative solutions for transportation systems, including passenger information display systems, automated fare collection systems, and real-time information management platforms. Hitachi's advanced technologies and commitment to quality and reliability have made it a trusted partner for transportation authorities and operators worldwide.
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Americas, Middle East and Africa, Europe, Asia-Pacific
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In January 2022, Hitachi, Ltd. has collaborated with Genoa Metro network to build new trains to support the improvement of the network. This collaboration will help the company to offer a display for information to the passengers, control devices and many others, which will accelerate the sales for the company.
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2.
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Siemens Mobility
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Siemens Mobility provides cutting-edge solutions for passenger information systems, including digital signage, real-time information displays, and mobile applications. Siemens Mobility is known for its innovative approach to transportation technology and its commitment to improving the passenger experience.
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Middle East and Africa, South America, Asia-Pacific
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In October 2021, Siemens Mobility completed the acquisition of Sqills. With Sqills, Siemens can provide operators with a comprehensive SaaS offering that optimizes their key travel processes, including trip searching, inventory, reservation, and ticketing management. This acquisition is helped the company to grow its passenger information system market.
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3.
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ALSTOM
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ALSTOM offers a range of solutions for passenger information and communication, including dynamic signage, audio announcements, and passenger information management systems. ALSTOM's focus on innovation and sustainability has made it a key player in the global transportation industry, with a strong reputation for delivering high-quality, reliable solutions.
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North America, Middle East and Africa, Europe, South America, Asia-Pacific
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In January 2021, ALSTOM acquired a signaling and passenger information system contract for the Athens metro. This Acquisition helped the company increase its revenue.
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4.
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Thales
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Thales offers advanced solutions for passenger information and communication, including real-time information displays, audio announcements, and mobile applications. Thales is known for its expertise in digital technologies and its commitment to delivering innovative solutions that improve the passenger experience.
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Americas, Africa, Europe, Asia- Pacific
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In February 2022, Thales group was appointed by ANWS to replace three airport surveillance systems in Taitung, Hualien, and Songshan with the STAR NG primary surveillance radars, combined with the RSM NG secondary radars. This will allow the company to tap the un tapped market.
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5.
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Cubic Corporation
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Cubic Corporation offers innovative solutions for public transportation systems, including real-time passenger information displays, mobile ticketing applications, and intelligent transportation management systems. Cubic Corporation is known for its focus on technology innovation and its commitment to providing reliable, efficient, and user-friendly solutions for public transportation.
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North America, Middle East and Africa, Europe, Asia-Pacific
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In January 2022, Cubic Corporation announced the introduction of the Umo platform to over 900 busses across 30 transit systems in order to use contactless pre-paid fare products and payment technologies. This new product will help the company to diversify its product portfolio and attract customers by offering wide range of solutions.
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Conclusion
The global passenger information market is experiencing significant growth driven by the increasing demand for real-time information and communication systems in the transportation sector. Companies such as Hitachi, Ltd., Siemens Mobility, ALSTOM, Thales, and Cubic Corporation are leading the market with their innovative solutions for passenger information and communication. These companies offer a range of products and services, including display systems, announcement systems, mobile applications, and others, which are used to deliver information to passengers and enhance the overall passenger experience. With the transportation industry's increasing focus on smart transportation solutions and digitalization, the demand for passenger information systems is expected to continue growing.
