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    Passenger Information System Market

    ID: MRFR/ICT/1576-CR
    147 Pages
    Shubham Munde
    November 2020

    Passenger Information System Market Research Report Information By Component (Networking Devices, Sensors, Multimedia Display, Communication Devices), Transportation Mode (Railways, Airways, And Roadways), Solution (Display System, Infotainment System, Information Announcement System, Passenger Information Mobile Application, Emergency Communication System), By Services (Professional Services, Cloud Services, And Integration Services) Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035.

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    Passenger Information System Market Summary

    The Global Passenger Information System Market is projected to grow significantly from 36.1 USD Billion in 2024 to 116.0 USD Billion by 2035.

    Key Market Trends & Highlights

    Passenger Information System Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 11.19 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 116.0 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 36.1 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of advanced technologies due to increasing demand for real-time information is a major market driver.

    Market Size & Forecast

    2024 Market Size 36.1 (USD Billion)
    2035 Market Size 116.0 (USD Billion)
    CAGR (2025-2035) 11.19%

    Major Players

    Huawei Technologies Co. Ltd (China), SAMSUNG (South Korea), Komachine.com, Co. (South Korea), Mitsubishi Electric Corporation (Japan)

    Passenger Information System Market Trends

    Increase in the usage of smartphones is driving the market growth

    Due to the growing use of smartphones, mobile application-based passenger information systems are quickly gaining ground. Additionally, in June 2018, approximately 5.3 billion distinct mobile subscribers were registered, representing a 3.5% YoY growth. Additionally, transit agencies are concentrating on mobile PIS applications to draw customers and give them quick, accurate real-time information via smartphone channels. A further opportunity for market expansion is the emergence of multi-modal transit apps for public transportation.

    The passenger information system (PIS) is a solution that offers travelers useful real-time information about the status of transportation options like trains, buses, and airplanes. At stations and other transfer facilities, the operating tool offers passengers an audible and visual means of communication. It entails managing information about routes using a variety of platforms, including screens, indicator panels, and others. The demand for passenger information systems will increase as more and more transportation companies strive to give customers accurate and reliable real-time travel information.

    Some market growth drivers include the rising use of mobile devices, the internet, and the need for passengers and travelers to look for factual information to improve connectivity and safe travel.

    Data can now be shared among various technological devices without direct human intervention thanks to the Internet of Things (IoT). The market for passenger information systems is growing due to developments in the telecommunications sector that enable faster data transfer capabilities, rising IoT usage in the transportation industry, and demand for intelligent transportation systems. Thus, driving the Passenger Information System market revenue.

    The ongoing evolution of technology in transportation systems suggests that the integration of advanced passenger information systems is likely to enhance operational efficiency and improve user experience across various transit modalities.

    U.S. Department of Transportation

    Passenger Information System Market Drivers

    Growing Urbanization

    Urbanization continues to rise globally, leading to increased demand for efficient public transportation systems. The Global Passenger Information System Market Industry is poised to benefit from this trend, as urban areas require sophisticated information systems to manage the complexities of public transport. As cities expand, the need for real-time updates and accurate information becomes paramount to ensure smooth operations. This growing urbanization is likely to drive the market towards a projected value of 116.0 USD Billion by 2035, as municipalities invest in advanced passenger information systems to accommodate their burgeoning populations.

    Market Growth Projections

    The Global Passenger Information System Market Industry is projected to experience substantial growth over the coming years. With a market value expected to reach 116.0 USD Billion by 2035, the industry is on a robust upward trajectory. The compound annual growth rate of 11.19% from 2025 to 2035 indicates a strong demand for innovative passenger information solutions. This growth is driven by various factors, including technological advancements, urbanization, and government investments in public transport infrastructure. The increasing focus on enhancing passenger experiences and operational efficiency is likely to propel the market forward.

    Technological Advancements

    The Global Passenger Information System Market Industry is experiencing rapid technological advancements that enhance the efficiency and effectiveness of passenger information systems. Innovations such as real-time data analytics, artificial intelligence, and mobile applications are transforming how information is disseminated to passengers. For instance, the integration of AI-driven chatbots in public transport systems allows for instant communication of schedules and delays. This trend is expected to contribute to the market's growth, with projections indicating a market value of 36.1 USD Billion in 2024, reflecting the increasing reliance on technology to improve passenger experiences.

    Integration of Smart Technologies

    The integration of smart technologies into public transport systems is transforming the Global Passenger Information System Market Industry. Technologies such as the Internet of Things (IoT) and cloud computing are enabling seamless communication between transport operators and passengers. For instance, IoT devices can monitor vehicle locations and passenger loads, providing valuable data for optimizing service delivery. This integration not only enhances operational efficiency but also improves passenger satisfaction. As smart technologies continue to evolve, the market is expected to grow substantially, with a forecasted value of 36.1 USD Billion in 2024, indicating a strong trend towards modernization in public transport.

    Government Initiatives and Investments

    Government initiatives aimed at enhancing public transportation infrastructure are pivotal in driving the Global Passenger Information System Market Industry. Various governments are allocating substantial budgets to modernize transport systems, which includes implementing advanced passenger information systems. For example, initiatives in Europe and Asia are focusing on integrating smart technologies into public transport. These investments not only improve service delivery but also promote sustainability in urban mobility. As a result, the market is expected to witness a robust compound annual growth rate of 11.19% from 2025 to 2035, reflecting the positive impact of government support.

    Rising Demand for Real-Time Information

    The demand for real-time information among passengers is a significant driver of the Global Passenger Information System Market Industry. Passengers increasingly expect timely updates regarding schedules, delays, and service changes. This expectation has led to the development of systems that provide live updates through various channels, including mobile apps and digital displays at stations. The ability to access real-time information enhances the overall travel experience and encourages the use of public transport. As a result, the market is likely to expand significantly, aligning with the projected growth trajectory towards 116.0 USD Billion by 2035.

    Key Companies in the Passenger Information System Market market include

    Industry Developments

    • Q2 2024: Cubic Transportation Systems Launches Next-Generation Passenger Information System for London Buses Cubic Transportation Systems announced the deployment of its new real-time passenger information system across London’s bus network, aiming to enhance journey planning and accessibility for millions of daily commuters.
    • Q2 2024: Siemens Mobility and Deutsche Bahn Sign Partnership to Develop AI-Based Passenger Information Platform Siemens Mobility and Deutsche Bahn entered a strategic partnership to co-develop an AI-powered passenger information platform designed to deliver real-time updates and predictive travel information for German rail passengers.
    • Q3 2024: Alstom Wins Contract to Supply Passenger Information Systems for Sydney Metro West Alstom secured a contract to provide advanced passenger information systems for the new Sydney Metro West line, including digital displays and real-time service updates for all stations.
    • Q3 2024: Hitachi Rail Launches Cloud-Based Passenger Information Suite for North American Transit Agencies Hitachi Rail introduced a cloud-based passenger information suite tailored for North American transit agencies, offering real-time service alerts, mobile integration, and accessibility features.
    • Q4 2024: Thales Acquires UK-Based Passenger Information Startup UrbanFlow Thales completed the acquisition of UrbanFlow, a UK startup specializing in dynamic passenger information displays and wayfinding solutions for urban transit systems.
    • Q4 2024: Indra Wins Contract to Upgrade Passenger Information Systems at Madrid Barajas Airport Indra was awarded a contract to modernize the passenger information systems at Madrid Barajas Airport, including new digital signage and multilingual real-time flight information.
    • Q1 2025: Mitsubishi Electric Unveils AI-Driven Passenger Information Displays for Japanese Railways Mitsubishi Electric launched a new line of AI-driven passenger information displays for Japanese railway operators, featuring adaptive content and crowd management capabilities.
    • Q1 2025: Teleste Secures Passenger Information System Contract for Helsinki Tram Expansion Teleste signed a contract to supply passenger information systems for the Helsinki tram network expansion, including platform displays and mobile integration.
    • Q2 2025: Luminator Technology Group Appoints New CEO to Drive Digital Transit Solutions Luminator Technology Group announced the appointment of a new CEO, with a mandate to accelerate the company’s digital passenger information and transit technology offerings.
    • Q2 2025: ST Engineering Launches Next-Gen Passenger Information System for Singapore MRT ST Engineering introduced its next-generation passenger information system for Singapore’s MRT, featuring real-time service updates, interactive maps, and enhanced accessibility features.
    • Q3 2025: Alstom and SNCF Extend Partnership for Digital Passenger Information Upgrades Alstom and SNCF extended their partnership to upgrade digital passenger information systems across France’s high-speed rail network, focusing on real-time data and improved passenger experience.
    • Q3 2025: Siemens Mobility Wins Contract to Modernize Passenger Information Systems for Milan Metro Siemens Mobility secured a contract to modernize the passenger information systems for Milan’s metro network, including new digital displays and integration with mobile platforms.

    Future Outlook

    Passenger Information System Market Future Outlook

    The Passenger Information System Market is projected to grow at 11.19% CAGR from 2024 to 2035, driven by technological advancements, increased demand for real-time data, and enhanced passenger experience.

    New opportunities lie in:

    • Develop AI-driven analytics tools for personalized passenger communication.
    • Implement integrated systems for seamless multi-modal transport solutions.
    • Expand mobile applications to enhance user engagement and real-time updates.

    By 2035, the market is expected to achieve substantial growth, reflecting evolving passenger needs and technological integration.

    Market Segmentation

    Passenger Information System Regional Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Passenger Information System Services Outlook

    • Professional Services
    • Cloud services
    • Integration Services

    Passenger Information System Solution Outlook

    • Display system
    • Infotainment system
    • Information announcement system
    • Passenger information mobile application
    • Emergency communication system
    • Others

    Passenger Information System Component Outlook

    • Networking devices
    • Sensors
    • Multimedia display
    • Communication devices
    • Others

    Passenger Information System Transportation Mode Outlook

    • Railways
    • Airways
    • Roadways

    Report Scope

    Attribute/Metric Details
    Market Size 2022 USD 30.1 billion
    Market Size 2023 USD 33.6819 billion
    Market Size 2030 USD 66.12673 billion
    Compound Annual Growth Rate (CAGR) 11.90% (2023-2030)
    Base Year 2022
    Market Forecast Period 2023-2030
    Historical Data 2019- 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Transportation Mode, Solutions, Services and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Huawei Technologies Co. Ltd (China), SAMSUNG (South Korea), Komachine.com, Co. (South Korea), Mitsubishi Electric Corporation (Japan)
    Key Market Opportunities The increase in the usage of smartphones
    Key Market Dynamics Growth in the use of big data and the cloud

    Market Highlights

    Author
    Shubham Munde
    Research Analyst Level II

    With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

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    FAQs

    How much is the passenger information system market?

    The Passenger Information System Market size was valued at USD 30.1 Billion in 2022.

    What is the growth rate of the passenger information system market?

    The global market is projected to grow at a CAGR of 11.90% during the forecast period, 2023-2030.

    Which region held the largest passenger information system market share?

    Asia Pacific had the largest share of the global market

    Who are the key players in the passenger information system market?

    The key players in the market are Huawei Technologies Co. Ltd (China), SAMSUNG (South Korea), Komachine.com, Co. (South Korea), and Mitsubishi Electric Corporation (Japan).

    Which component led the passenger information system market?

    The communication devices passenger information system category dominated the market in 2022.

    Which transportation mode had the largest passenger information system market share?

    The roadways channel had the largest share of the global market.

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