Passenger information systems (PIS) have diverse applications in transportation, including buses, trains, subways, airports, and more. They provide real-time updates on schedules, arrivals, departures, and delays, enhancing passenger convenience and reducing waiting times. PIS features interactive displays, multimedia content, and integration with mobile apps for a user-friendly experience. They also offer wayfinding assistance, emergency alerts, and safety information. PIS optimizes transportation services by delivering timely, accurate information to passengers, ensuring a seamless and efficient travel experience across various modes of public transport.
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Data Bridge Market Research analyses that the Global Passenger Information System Market is valued at USD 78,41,817 thousand in 2021 and is expected to reach USD 15,284,564.68 thousand by 2029, registering a CAGR of 8.7% during the forecast period of 2022 to 2029. In today's fast-paced world, passengers demand real-time updates to stay informed about their travel plans. They expect timely and accurate information on arrivals, departures, delays, and other travel-related details to make informed decisions, minimize waiting times, and ensure a smooth and hassle-free travel experience.
Key Findings of the Study
Urbanization and growing commuter traffic are expected to drive the market's growth rate
As urban populations grow and commuter traffic intensifies, the need for efficient passenger information systems becomes crucial to manage and optimize transportation services. These systems help alleviate congestion, improve scheduling, and enhance the overall commuter experience. Providing real-time updates, travel options, and alternate routes, passenger information systems enable cities to better handle the increasing demand for transportation, ensuring smoother travel and reducing delays for a rapidly growing number of commuters.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Hardware, Software, Services), Type (Passenger Information Display System, Passenger Information Announce System, Emergency Communication Systems, Passenger Information Mobile Application, Infotainment System), Location (On board, In Station), Transportation Mode (Railways, Airways, Roadways)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Medha Servo Drives Private Limited (India), Mitsubishi Electric Corporation (Japan), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Advantech Co., Ltd. (Taiwan), Teleste Corporation (Finland), ALSTOM (France), Siemens Mobility (Germany), Quester Tangent (Canada), Indra (Spain), ST Engineering (Singapore), Thales Group (France), Lunetta (Italy), Cubic Corporation (U.S.), r2P GmbH (Germany), Kentkart (Turkey), Tattile (Italy), Masstrans (India), Televic Group NV (Belgium), and Icon Multimedia (Spain)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The passenger information system market is segmented on the basis of product, type, location, and transportation mode.
- On the basis of product, the global passenger information system market is segmented into hardware, software, and services. In 2022, the software segment is expected to dominate the market during the forecast period 2022 to 2029 as convenience and round-the-clock accessibility of a service make it highly appealing to users.
In 2022, the software segment is expected to dominate the market during the forecast period 2022 to 2029
In 2022, the software segment is expected to dominate the market during the forecast period 2022 to 2029 due to its critical role in processing and managing real-time data. Passenger information systems heavily rely on software to collect, analyze, and disseminate information to travellers. The software segment's prominence is attributed to its ability to provide accurate and up-to-date information, enhancing passenger experiences and ensuring seamless operations in transportation networks worldwide.
- On the basis of type, the global passenger information system market is segmented into passenger information display systems, passenger information announcement systems, emergency communication systems, infotainment systems, and passenger information mobile application. In 2022, the passenger information display systems segment is expected to dominate the market during the forecast period 2022 to 2029 as a rise in the number of passengers has led to a broad spectrum of applications for the service within the transportation industry.
- On the basis of location, the global passenger information system market is segmented into on board and in station. In 2022, the on board segment is expected to dominate the market during the forecast period 2022 to 2029 as there is a continuous increase in the number of fleets or vehicles used for transportation.
- On the basis of transportation, the global passenger information system market is segmented into railways, roadways, and airways. In 2022, the railways segment is expected to dominate the market during the forecast period 2022 to 2029 as railway travel is the preferred choice for passengers compared to other modes of transportation.
In 2022, the railways segment is expected to dominate the market during the forecast period 2022 to 2029
In 2022, the railways segment is expected to dominate the market during the forecast period 2022 to 2029 due to the extensive use of such systems in train transportation. Railways require comprehensive information systems to efficiently manage and communicate real-time updates to passengers regarding arrivals, departures, delays, and other essential travel details. The large-scale implementation of passenger information systems in railways has resulted in their prominence, making them a crucial element for enhancing the overall commuter experience and ensuring smooth and reliable train travel.
Major Players
Data Bridge Market Research recognizes the following companies as the major passenger information system market players in passenger information system market are Medha Servo Drives Private Limited (India), Mitsubishi Electric Corporation (Japan), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Advantech Co., Ltd. (Taiwan), Teleste Corporation (Finland), ALSTOM (France)
Market Developments
- In June 2020, Mitsubishi Electric Corporation has recently completed the acquisition of EKE-Electronics Ltd., a renowned Finnish manufacturer specializing in train information systems. This strategic acquisition aims to foster strong business collaboration between Mitsubishi Electric and EKE-Electronics, with the shared goal of bolstering their presence and expanding their train passenger information systems business in international markets.
- In June 2022, Wabtec has successfully acquired Collins Aerospace's ARINC rail business, a move set to provide services to transit systems encompassing regional, inter-city, subway, commuter, and light rail networks across the United States and Canada.
- In April 2022, Alstom and ENGIE have joined forces through a partnership agreement aimed at offering the rail freight industry a solution to reduce carbon emissions in mainline operations. This involves replacing diesel locomotives with hydrogen-powered versions.
- In April 2022, Hitachi Rail has completed the acquisition of Perpetuum, a leading British rail technology company known for its innovative digital solutions that enhance train performance and reliability. This strategic move involves enhancing and expanding the utilization of Perpetuum's technology solutions within Hitachi's worldwide transportation portfolio.
Regional Analysis
Geographically, the countries covered in the passenger information system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global passenger information system market during the forecast period 2022 - 2029
In 2022, North America dominated the passenger information system market as modern automotive systems, including electric and autonomous vehicles, rely heavily on sophisticated electronic components, sensors, and communication networks. To meet the increasing demands of these technologies, automotive wire and cable manufacturers have developed high-performance solutions with enhanced durability, temperature resistance, and data transmission capabilities. Strict industry standards ensure compliance with safety and performance requirements, resulting in reliable and efficient wiring solutions that play a crucial role in the overall performance and safety of modern vehicles.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029
In 2022, Asia-Pacific is expected to witness significant growth as the region serves as a hub for innovation and technological advancements in transportation and communication systems. The concentration of manufacturing facilities allows for efficient production, economies of scale, and quick access to resources. Moreover, the robust industrial ecosystem fosters collaborations, research, and development initiatives, enabling manufacturers to create cutting-edge passenger information systems that cater to the diverse needs of modern transportation networks and provide seamless, real-time updates to enhance the commuter experience.
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