Passenger Information System Market Research Report - Global Forecast till 2030

Passenger Information System Market Research Report: Information By Solution (Information Announcement System, Display System, Emergency Communication System, Infotainment System, Passenger Information Mobile Application and Others), Component (Multimedia Display, Networking Devices, Communication Devices, Sensors and Others), Services (Cloud Services, Professional Services and Integration Services), Transportation Mode (Roadways, Railways and Airways) - Forecast till 2030

ID: MRFR/ICT/1576-CR | November 2020 | Region: Global | 147 Pages         

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Passenger Information System Market

Passenger Information System Market is calculated to be mark USD 64.51 billion by 2030, registering a CAGR of 12.14% during the forecast period (2020 - 2030),
Market Size
CAGR
Dominating Region
Forecast Period
$64.51 Billion
12.14%
Asia Pacific
2020 - 2026
Segmentation
By Component
By Transportation Mode
By Solution
By Services
  • Networking devices
  • Sensors
  • Multimedia display
  • Communication devices
  • Others
  • Railways
  • Airways
  • Roadways
  • Display system
  • Infotainment system
  • Information announcement system
  • Passenger information mobile application
  • Emergency communication system
  • Others
  • Professional Services
  • Cloud services
  • Integration Services
Companies Profiled
Key Players
Huawei Technologies Co. Ltd (China)
SAMSUNG (South Korea)
Komachine.com
Co. (South Korea)
Mitsubishi Electric Corporation (Japan)
Market Driving Forces
Drivers
Rising adoption of the private cloud
Increasing number of software-defined information centers
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Passenger Information System Market Scope:

The Passenger Information System or PIS is a specialized solution that offers relevant real-time data to the passengers related to the status of various transportation mediums like buses, trains, and airplanes. The PIS system is basically an operating tool that’s responsible for offering audio and visual information to passengers at various travel facilities. This system includes the management of information that’s related to the routes via several platforms like indicator panels, screens, and others. Also, this system can be accessed from various channels like computers, internet-connected devices, and phones. The web application displays the trip planning techniques and real-time information of the schedules. 


The Passenger Information System (PIS) Market, by 2026, is assumed to achieve USD 64.51 Billion USD and would register a compound annual growth rate of no less than 12.14% during the course of the assessment period i.e. from 2020 to 2030. 



  • On Oct.17, 2022,¬†GoMedia, a British supplier of entertainment management systems, launched a digital solution, VISOR, which it developed in partnership with RNIB and Icomera AB, a Swedish Telecommunications equipment company. Visor leverages GoMedia's live cloud-based passenger information system and NaviLens BIDI codes to display directions in the NaviLens and NaviLens GO apps.


Passenger Information System Market COVID-19 Analysis:The increasing number of COVID-19 cases has posed a huge effect to the transportation industry that in turn had caused harm to the Public Information System Market Growth. As a great majority of the governments are offering strict rules for isolation practices, therefore there’s a prominent decline in the utilization of all modes of the transportation system. Moreover, the projects based on electric vehicles have been temporarily paused, and various companies and manufacturers have shifted their concentration to the manufacturing of ventilators as ventilators are experiencing huge demand. 


The application of information technology is opening better scopes better scopes of revenue by offering real-time tracking of the transportation systems and offering to monitor feeds to the passengers. Also, the monitoring feed assists to check the travel history of the passenger so that they can make sure whether or not they require to be quarantined. Moreover, various companies are utilizing drones as an alternative mode of transportation to make sure food deliveries and essential supplies. The latest technologies are aimed to decrease cross-infection by offering home delivery of meals and drugs via robots and drones. 


Railways, as one of the most important transportation modes of passengers, can offer independent and safe compartments in which a limited number of passengers can travel to ensure social distancing measures. Moreover, by tracking the travel history of the passengers in the unique compartments, rails can offer information to detect the passengers who might be exposed to COVID-19 during the course of their journey. 



  • On Sept. 10, 2020, Connectpoint, Inc. (the US), a leading provider of transportation systems, announced receiving a five-year digital signage contract from King County Metro to install smart city digital signs across the city. Connectpoint¬†would provide hundreds of smart city digital signs for the agency's RapidRide stations and transit centers. Connectpoint's cloud-based management system, CPAM, is specifically designed for the transit industry and implementable across all new digital information displays.

  • The new real-time passenger information signage from Connectpoint provides enormous messaging flexibility to enhance overall communications strategy and customer experience. The Connectpoint Digital Bus Stop solution can also offer static passenger information installed at highly-trafficked bus stations, transit centers, and corridors across the city.¬†


Passenger Information System Market Dynamics:Drivers :There are various key drivers of the Passenger Information System (PIS) Market like the rising adoption of the private cloud and an increasing number of software-defined information centers. However, some of the prominent players in the Passenger Information System (PIS) Marketpose a huge challenge to the other existing players. Moreover, the rising utilization of cloud-based tools and technologies provides various market scopes for the software-defined network players of the wide-area to offer understandable networking services to the market players of cloud computing. 



  • On Jan.13, 2022,¬†Siemens Mobility announced the development of an innovative digital passenger information and guidance system - X-car to redefine mobility in Vienna with intelligent infrastructure, sustainability, passenger experience, and availability. The new X-car is a digital passenger information system developed in partnership with Wiener Linien, a company operating most of the public transit network in Vienna, Austria.


Opportunities:The security issues in the public transportation sector are rising rapidly. Therefore, effective control and management of crowds in this public transportation sector have become a crucial paradigm for every security operative irrespective of the region. The reason behind the growth of Passenger Information System Market Sizeis to avoid any sort of threatening issue in the crowded public areas. Therefore, the growth of Passenger Information System Market Sizeis fundamental for the proper estimation of the number of people traveling to a particular area, based on which the counter plan could be framed when the limitation surpasses. Another reason behind the growth of Passenger Information System Market Sizeis its wide range of potential applications like video analytics and video surveillance for public transport buses, railways, and airports. In recent times, there has been a great rise in the total number of passengers, with various people traveling to unique places for their business, leisure activities, or jobs. Therefore, various governments have introduced a new set of rules to limit the maximum capacity of any public transport system. However, to ensure that the rules are being actually followed, there is the necessity of the Passenger Information System Industry for avoiding breaking of these laws. Also, during any emergency incident like assaults, bomb threats, or hijacking in any category of public transport, Passenger Information System Industry can promptly and accurately locate the particular vehicle. Therefore, the rising security issues in the public transport sector are influencing the growth of the Passenger Information System Industry.Cumulative Growth Analysis:According to the Passenger Information System Market Revenue, the display systems classification under the solution category would earn the largest Passenger Information System Market Share. Also, the passenger information mobile application division is assumed to register maximum Passenger Information System Market Revenueby no less than 14.3% CAGR. 


Also, the networking devices division under the component segment is assumed to earn the highest Passenger Information System Market Revenue in the year 2018 and is assumed to register the maximum CAGR during the assessment period. Moreover, the integration system division under the services segment is assumed to account for maximum Passenger Information System Market Share. Also, the cloud computing division is assumed to expand at the maximum CAGR during the course of the study period. Also, based on the Passenger Information System Market Trends, the railway division is assumed to account for the highest Passenger Information System Market Share. Also, the roadways division is assumed to expand at the maximum CAGR during the course of the assessment period i.e. from 2020 to 2026.


Passenger Information System Market Segmentation:On the basis of worldwide Passenger Information System Market Growth, this market can be segmented depending on the component, transportation mode, solution, region, and services. 


By Component:Based on Component, the Passenger Information System Market Growth can be segmented into: 



  • Networking devices

  • Sensors

  • Multimedia display

  • Communication devices

  • Others¬†


By Transportation Mode:Depending on Transportation mode, the Passenger Information System Market Growth can be segmented into: 



  • Railways

  • Airways

  • Roadways


By Solution:Based on solution, the Passenger Information System Market Growth can be segmented into: 



  • Display system

  • Infotainment system¬†

  • Information announcement system

  • Passenger information mobile application

  • Emergency communication system

  • Others


By Region:Depending on the region, the Passenger Information System Market Trends can be classified into: 



  • North America

  • Europe

  • Asia Pacific

  • The rest of the world¬†


By Services:Based on services, the Passenger Information System Market Trends can be segmented into: 



  • Professional Services

  • Cloud services¬†

  • Integration Services¬†



  • On Apr. 08, 2022, PKP Intercity (Poland), a PKP Group company involved in long-distance passenger transport, announced signing a contract with H Cegielski-Fabryka Pojazdow Szynowych (Poland) to modernize 90 coaches. PKP Intercity would modernize around 90 111A and 141A-type intercity coaches over the next two years.¬†

  • The contract worth US$ 115.9 MN includes maintenance of the upgraded coaches due to re-enter service next year. Under the contract, second-class coaches would be fitted with a passenger information system, CCTV, and Braille markings for passengers with limited vision, alongside automatic doors, improved seating, air-conditioning, and closed-loop toilets. The bogies will be replaced to enable the coaches to operate up to 160km/h.


Passenger Information System Market Regional Analysis:Based on the analysis of Passenger Information System Market Demanding various regions, it has been assumed that North America would hold the most significant PIS market share. Also, the U.S. is the largest PIS market and the key drivers behind the growth of this market are the good amount of investments made in the government-supported infrastructural projects and also the efficient passenger information system services. Also, Asia Pacific is another major market player as this region is facing a significant Passenger Information System Market Demand. The main reason behind this is that the Asia Pacific region consists of a prominent number of potential and developing countries like Japan, India, and China. Moreover, these countries are undergoing prominent development in the field of infrastructural alterations and digitization. Therefore, these countries are creating attractive PIS market opportunities for the vendors in this field. The remaining world segment consists of the Middle East, African regions, and South America. The Passenger Information System Market Demandin all these regions has experienced a prominent rise. Considering the overall scenario, the remaining world segment is assumed to grow at a CAGR of 12.6% during the course of the assessment period. 



  • On May 20, 2022,¬†The Brihanmumbai Electricity Supply & Transport (BEST), Mumbai, India, announced various initiatives to ramp up its green drive and upgrades the bus stops in the city. BEST's green initiatives include installing an LED-based passenger information system (PIS) at around 300 bus stops and thirty green-bus stops equipped with a rooftop garden and fitness equipment.

  • The installations of an LED-based passenger information system are passenger-friendly and designed for bus stops linked with GPS installed inside buses, displaying information about the bus routes, bus numbers, and time. The urban transportation sector in India is undergoing rapid transformation. To leverage this opportunity, the government consistently focuses on bringing private participation through the public-private partnership (PPP) model.


Report Overview:The Marker Research Report related to the Passenger Information System Market Forecast offers the vendors and governments of the different regions an understanding of the PIS market opportunities and also its importance. Moreover, the Passenger Information System Market Forecast also provides the estimated growth rate at various regions during the study period i.e. from 2020 to 2026. Also, it has considered the impacts of the COVID-19 pandemic in the various spheres of the PIS industry. Based on this Passenger Information System Market Forecast, the growth of the PIS market by 2026 would be no less than 12.4% CAGR. 

Scope of report and segmentation table: 



  • Base year ‚Äď 2020

  • Forecast period ‚Äď 2020 - 2026

  • Historical data - 2026



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 64.51 Billion
  CAGR   12.14%
  Base Year   2019
  Forecast Period   2020 - 2026
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Solution, Services
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   Huawei Technologies Co. Ltd (China) SAMSUNG (South Korea) Komachine.com Co. (South Korea) Mitsubishi Electric Corporation (Japan)
  Key Market Opportunities   The security issues in the public transportation sector are rising rapidly.
  Key Market Drivers   There are various key drivers of the Passenger Information System (PIS) Market like the rising adoption of the private cloud and an increasing number of software-defined information centers.


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Frequently Asked Questions (FAQ) :

Global Passenger Information System Market is projected to reach market value of USD 64.51 billion by 2030 growing with 12.14% CAGR

In 2016, the passenger information system market was valued at USD 6.12 billion

Passio Technologies, Inc., General Electric Company, and Huawei Technologies Co. Ltd are the top players in passenger information system market

North America is expected to hold the highest market share in the passenger information system market