Passenger Information System Market worth $68.35 billion by 2030, growing at a CAGR of 13.49% - Exclusive Report by 360iResearch

The "Passenger Information System Market by Component (Hardware, Services, Software), Location (In Station, On Board), Functional Model, Mode of Transportation, End-user - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Passenger Information System Market to grow from USD 28.18 billion in 2023 to USD 68.35 billion by 2030, at a CAGR of 13.49%.

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A passenger information system is an advanced system designed to provide real-time information to passengers about various aspects of public transportation services. This system is crucial for enhancing the travel experience, enabling efficient journey planning, and supporting the operational management of transport services. PIS can deliver timely updates about schedules, delays, routes, connections, and other travel advisories to passengers. Government regulations regarding passenger safety and real-time access to transit data fuel the adoption of PIS. Smartphones and wireless networks complement the growth, allowing for more sophisticated, app-based information systems. However, high initial investments for infrastructure development limit the adoption of passenger information systems. In addition, concerns over data privacy and the complexity of integrating different transportation modes into a single, seamless information system hinder market growth. Furthermore, technological advancements in communication, the rise of mobile computing, and increased customer expectations for infotainment services pose lucrative opportunities for market growth.

In the Americas, the United States and Canada exhibit increasing demand for passenger information systems as part of their broader smart city initiatives and emphasis on intelligent transportation systems (ITS). Consumers in this region value real-time updates, mobile accessibility, and system reliability. The American region leads in the adoption of advanced technologies such as GPS, IoT, and mobile applications intended to enrich the user experience for travelers. The American region witnessed a growing emphasis on sustainable transportation infrastructure, with investments in greener and more efficient passenger information systems. The EMEA region presents a heterogeneous market with varied consumer needs and customer purchasing behaviors. In the EU, there is a strong focus on passenger rights, data privacy, and interoperability among member states, underpinning the need for advanced, integrated systems that provide timely and accurate information to passengers. In the Middle East, where there are significant investments in public infrastructure and smart cities, passenger information systems are becoming increasingly sophisticated. Smart city initiatives across the Middle East countries promote the adoption of advanced passenger information systems. In the Asia Pacific region, there's a rapidly growing demand for advanced passenger information systems, propelled by increasing investments in smart transportation solutions. Countries including China, Japan, and India are leading the way with their focus on enhancing commuter experience and pushing for technological adoption in public transport. Consumer needs in Asia Pacific are driven by a high population density and the need for efficient, reliable, and real-time transit information.

Market Segmentation & Coverage:

This research report categorizes the Passenger Information System Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Hardware, Services, and Software. The Software is projected to witness significant market share during forecast period.

Based on Location, market is studied across In Station and On Board. The On Board is projected to witness significant market share during forecast period.

Based on Functional Model, market is studied across Audio Systems, Computing Systems, Content Management Systems, Multimedia Display, Networking & Communication Devices, and Video Surveillance. The Audio Systems is projected to witness significant market share during forecast period.

Based on Mode of Transportation, market is studied across Airway & Waterway, Railway, and Roadway. The Airway & Waterway is projected to witness significant market share during forecast period.

Based on End-user, market is studied across Private Transportation Operators and Public Transport Authorities. The Private Transportation Operators is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.41% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Passenger Information System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Passenger Information System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Passenger Information System Market, highlighting leading vendors and their innovative profiles. These include Advantech Co., Ltd., Alstom SA, AMiT, spol. s r.o., Autometers Alliance Ltd., Cisco Systems Inc., Cubic Corporation, DYSTEN Ltd, Efftronics Systems Pvt. Ltd., Hitachi, Ltd., Indra Sistemas, S.A., JHC Technology Development Co., Lanner Electronics Canada Ltd., Lubi Industries LLP, Lunetta, Medha Servo Drives Private Limited, Mitsubishi Electric Corporation, NEC Corporation, Optitech, Pickcel, R2P GMBH, Siemens Mobility, ST Engineering, Teleste Corporation, Televic Group NV, Thales Group, Toshiba Corporation, and Wabtec Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Passenger Information System Market, by Component
7. Passenger Information System Market, by Location
8. Passenger Information System Market, by Functional Model
9. Passenger Information System Market, by Mode of Transportation
10. Passenger Information System Market, by End-user
11. Americas Passenger Information System Market
12. Asia-Pacific Passenger Information System Market
13. Europe, Middle East & Africa Passenger Information System Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Passenger Information System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Passenger Information System Market?
3. What is the competitive strategic window for opportunities in the Passenger Information System Market?
4. What are the technology trends and regulatory frameworks in the Passenger Information System Market?
5. What is the market share of the leading vendors in the Passenger Information System Market?
6. What modes and strategic moves are considered suitable for entering the Passenger Information System Market?

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