Passenger Information System Market Expectations & Grow by
Almost USd 24.08 Bn, Globally, At 10% CAGR: Market.us
In 2021, the global passenger information system market was worth USD 24.08
billion. It is projected to grow at a compound annual rate (CAGR) of 10%
between 2023-2032.
Transit agencies are required to provide accurate, reliable, and current transit
information to their passengers. This is why the market is growing. There are
several growth factors in the market, including the increased use of the internet
and mobile devices by travellers and passengers to search for factual
information. This is important because it allows them to travel more safely and
connect with others.
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The market for passenger information systems is growing due to a greater focus
on reliable, consistent and reliable passenger information, as well as a rising
number of passengers using public transport. A rise in passenger journeys by
public transport annually, as well as the growing infrastructure around the
globe, is expected to stimulate demand for passenger information systems.
Passenger Information System Market Drivers:
-The Passenger Information System market (PIS Market) has many key drivers,
including the growing adoption and an increasing number of software-defined
Information centers.
- Cloud-based tools are becoming more popular. Software-defined network
companies in the large-area can offer cloud computing services.
- More Smart Phones Adopted
- Cloud & Big Data Technologies Increasingly Popular
Passenger Information System Market Restraint: Stringent transportation
regulatory policies
 To limit market growth, there are two main factors:
1) High implementation costs
2) Lack of infrastructure for passenger information systems.
 Taxi owners in multiple countries need separate licenses and registration
papers to conduct their operations. This presents challenges for providers
of app-based mobility services as they don't own these vehicles. The
vehicle operators cannot provide services on-demand to their customers
under the transportation regulatory policies. This has a negative impact
on the growth of this segment.
Recent Developments in Passenger Information System Market:
In January 2021, Cubic Corporation launched "UMO" fully integrated suite of
platforms for mobility, riders, Service providers and transit agencies to enhance
its existing transportation technology portfolio. UMO is a versatile set of
solutions that enables passengers plan trips across public and private modes and
to pay fares, receive rewards for travelling, and get real-time information to
improve their mobility.
Alstom purchased Bombardier Transportation in January 2021. Alstom will
increase its leadership position in the rapidly growing sustainable mobility sector
by achieving critical size in all geopolitics and integrating additional solutions to
better serve its clients around the world as part of this purchase.
In June 2020, Wabtec Corporation launched “BlueFilter”, an air-filtration
invention, to provide a healthy, and clean atmosphere for train and metro
passengers. BlueFilter in railcars removes more than 90%of impurities every air
cycle, TUV tested and meets high safety standards.
Scope of the Report
Attribute
Details
Market Size in 2021
Growth Rate
Historical Years
Base Year
Quantitative Units
USD 24.8 Bn
10%
2016-2020
2021
USD In Bn
Company Overview
Financial Highlights
Product Portfolio
SWOT Analysis
Key Strategies and Developments and more...
North America, Europe, Asia-Pacific, South America,
Middle East & Africa
United States, Canada and Mexico, Germany, France,
UK, Russia and Italy, China, Japan, Korea, India and
Southeast Asia, Brazil, Argentina, Colombia etc. Saudi
Arabia, UAE, Egypt, Nigeria and South Africa
Revenue analysis, Manufacturers Analysis, Volume
by Manufacturers, Company Share Analysis, Key
segments, Key company analysis, Market Trends,
Competitive landscape, Distribution Channel, Market
Dynamics, COVID-19 Impact Analysis, Strategy for
existing players to grab maximum market share and
more...
200+ Pages
150+
PDF/Excel
Available - Click here to Get a Sample Report
Competitive analysis
Regional Scope
Country Scope
Report coverage
No. of Pages in Report
No. of Tables & Figures
Format
Sample Report
Key Market Segments:
By Type
 Information Display System
 Announcement System
 Infotainment System and Other Types
By Mode
 Airway & Waterway
 Railway
 Roadway
By Component
 Solution
 Services
Market segment by Region, regional analysis covers
 North America (United States, Canada and Mexico)
 Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of
Europe)
 Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
 South America (Brazil, Argentina, Colombia, and Rest of South America)
 Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of
Middle East & Africa)
Frequently Asked Questions:

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

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What is Passenger Information System (PIS), and what does it mean?
What are the driving forces of the PIS market?
What are the main challenges facing the PIS market?
Who are the main vendors in the passenger-information system market?
How does the industry compare in terms of competition?
What is the global passenger information system market worth?
Which region is expected to have the largest passenger information
system market share?
 What value is the passenger information systems market for the future?
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