Passenger Information System Market was valued at USD valued at USD 20.70 Billion in 2022, and is expected to hit at USD 50.69 billion by 2032 at a CAGR of 22.0% from 2022 to 2032.
One of the primary advantages of PIS is that it reduces passenger anxiety and stress by providing them with accurate and up-to-date information. With real-time data, passengers can plan their journeys better, avoid delays, and optimize their travel time. Additionally, PIS enhances operational efficiency by streamlining communication between different departments, improving the accuracy of data, and automating several routine tasks. This helps to reduce errors and delays, leading to better resource utilization and improved service delivery.
PIS has a wide range of uses across various transportation modes, including railways, airports, subways, buses, and taxis. The system can be customized to cater to the specific needs of different transportation modes and can provide information in multiple languages and formats, including audio, video, and text. PIS can also be integrated with other transportation systems, such as ticketing and fare collection systems, to provide a seamless passenger experience.
The adoption of PIS is on the rise due to the increasing demand for improved passenger experience and operational efficiency in transportation systems. The growing use of smartphones and other mobile devices has further fuelled the demand for real-time information, which has led to the development of mobile-based PIS applications. The emergence of new technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Big Data has also led to the development of more sophisticated PIS solutions that can provide personalized and context-specific information to passengers.
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Company Profiles:
• Alstom SA
• Cubic Corporation
• Hitachi, Ltd.
• Indra Sistemas SA
• Mitsubishi Electric Corporation
• Siemens AG
• Singapore Technologies Electronics Limited
• TE Connectivity Ltd.
• Thales Group
• Toshiba Corporation
• Wabtec Corporation
• Global Infotech Co., Ltd.
• Passio Technologies
• Simpleway a.s.
• Xorail Inc.
Segmentation:
By Component
• Hardware
• Software
• Service
By Solution
• Passenger Information Display System
• Announcement System
• Infotainment System
• Passenger Information Mobile Applications
• Emergency Communication Systems
Geography:
North America dominated the Passenger Information System market, followed by Europe and Asia Pacific. The dominance of North America in this market is attributed to the high adoption of digital technologies, advanced infrastructure, and government initiatives to modernize transportation systems. Furthermore, the presence of key players in the region also contributes to the growth of the market in North America.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry
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