Passenger Information System Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Components (Display System, Monitoring System, Computing System, Communication Infrastructure, Others), By Modes of Transportation (Airways, Railways, Roadway), And By Geography - Forecasts From 2022 To 2027

The passenger information systems market is anticipated to increase at a CAGR of 21.84% over the course of the forecast period, from US$7.522 billion in 2020 to a total market value of US$29.99 billion by 2027.

The communication channel between a transit agency and its customers is the passenger information system. It makes it possible to transmit information about the schedule of travel, timely announcements, and real-time vehicle position and status updates. Along with these features, it emphasizes improving the travel experience for users by keeping them entertained with infotainment systems. Additionally, these devices can be installed inside a bus, train, or airplane as well as on a platform. The market for passenger information systems is expanding as there is an increase in demand for transit agencies to provide passengers with accurate and trustworthy real-time transit information.

However, these cutting-edge passenger information systems cannot be connected because to the inadequate infrastructure in many areas. Additionally, the expansion of these systems' markets in some areas is being constrained by their high implementation and management cost.

Increasing Adoption of smartphones to drive the market growth

The primary drivers behind the market's expansion include the development of quicker data transfer capabilities in the telecommunications industry, the rapid acceptance of loT in the transportation sector, and the rise in demand for intelligent transportation systems. Through a mobile applications, passengers as smartphone use increases, information systems are gaining ground quickly. Transit authorities also emphasize PIS mobile applications to draw customers and give them access to quick, accurate real-time information via smartphone channels. The development of multi-modal transit apps for public transportation is also advantageous for the market's expansion.

Increasing the use of cloud and big data technologies to boost the market growth

The automation of various forms of transportation, particularly railroads, is facilitated by the use of cloud computing. The bus position is tracked by the passenger information system using cloud computing technology and will be presented on the real-time information system at the bus stop. The cost-effective monitoring of the passenger population and high-efficiency resource allocation is made possible by cloud technology and data analytics tools. Governments are investing a significant amount of money in upgrading the transportation system. Market participants are also heavily investing in R&D to create cutting-edge passenger information systems that can be linked to already-existing infrastructures of varying sizes. These solutions are being more widely used, which is fueling market expansion in numerous locations throughout the world.

Key Developments:

• Sept 2022: The Sydney Metro System's passenger safety and services are improved by Advantech. In order to increase safety and improve services on the Sydney Metro System, a global technology leader looked for a system that complies with EN50155, EN50121-4, and IEC 61373 railway application standards. They ultimately chose Advantech's ARK-2250R ultra-rugged railway transportation solution (TS). To ensure safe, dependable operation, the solution must be able to handle demanding workloads and challenging environmental conditions on moving trains. Advantech's WISE-DeviceOn remote device management software is preinstalled on the ARK-2250R. This gives status updates and warnings about disc wear, excessive heat, and system overloads, which aids control rooms in planning system maintenance and ensuring continuous automated metro services. By linking to passenger information system displays, the ARK-2250R contributes to enhancing passenger safety and service quality. A fully integrated approach to information management is made possible by the communication system on the train, which links the public address system, passenger information systems, video surveillance systems, digital display boards, door sensors, and alarm systems.
• October 2020: The San Francisco Municipal Transit Agency (SFMTA) has contracted Cubic Corporation's Cubic Transportation Systems business division to provide a complete, next-generation Passenger Information System (CIS) for the San Francisco Municipal Railway (Muni) public transportation network. In order to optimize transit operations and improve the travel experience for transit users, Cubic will offer updated system software, multimedia LCD digital signs at bus shelters and railway platforms, onboard digital sign software, an updated mobile app with trip planning features, as well as an analytics platform.

Product Offerings:

• NextBus: The Cubic NextBus RTPI offers a completely redesigned prediction algorithm and system that enables flexible data sourcing, greater accuracy, and richer contextual information across more channels than ever before. These channels include mobile, energy-efficient, and high-resolution displays at transit stations, bus stops, and vehicles as well as APIs with other applications. The NextBus platform's next new modules, which will be based on the NextBus RPTI core platform, will provide a better customer experience with travel planning, intelligent information analytics, and mobile payment capabilities completely integrated.
• ITA-8100 EN 50155 Intel® AtomTM: The 10.4" touchscreen display on the ITA-8100 has projective capacitive technology. The panel's compact and flat shape saves space when installed in driver cabins, and its adaptable configuration enables it to be customized for particular uses and various train models. ITA-8100 EN 50155 Intel® AtomTM x7-E3950 quad-core processor, 10.4" LCD panel (500 units or 1300 units for ITA-8100B), 1024 x 768 resolution, anti-shock, and vibration tolerance, IP65-rated front panel, UIC 612-01 keypad layout, and optional expansion - MVB, CAN, and GSM-R is all features of this fanless railway touch panel passenger information system.

Passenger Information System Market Scope:

 

Report Metric	Details
Market Size Value in 2020	US$7.522 billion
Market Size Value in 2027	US$29.99 billion
Growth Rate	CAGR of 21.84% from 2020 to 2027
Base Year	2020
Forecast Period	2022–2027
Forecast Unit (Value)	USD Billion
Segments Covered	Components, Modes of Transportation, And Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Advantech Co., Ltd, Cubic Corporation, Huawei Technologies Co., Ltd., Cisco Systems Inc., Hitachi, Ltd, TE Connectivity
Customization Scope	Free report customization with purchase

 

Segmentation

• By Components
  • Display System
  • Monitoring System
  • Computing System
  • Communication Infrastructure
  • Others
• By Modes of Transportation
  • Airways
  • Railways
  • Roadways
• By Geography
  • North America
    • USA
    • Mexico
    • Canada
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. GLOBAL PASSENGER INFORMATION SYSTEMS MARKET BY COMPONENT

5.1. Introduction

5.2. Display System

5.3. Monitoring System

5.4. Computing System

5.5. Communication Infrastructure

5.6. Others

 

6. GLOBAL PASSENGER INFORMATION SYSTEMS MARKET BY MODE OF TRANSPORTATION

6.1. Introduction

6.2. Airways

6.3. Railways

6.4. Roadways

 

7. GLOBAL PASSENGER INFORMATION SYSTEMS MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Italy

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Others

 

8. COMPETITIVE INTELLIGENCE

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. Advantech Co., Ltd

9.2. Cubic Corporation

9.3. Huawei Technologies Co., Ltd.

9.4. Cisco Systems Inc.

9.5. Hitachi, Ltd

9.6. TE Connectivity

Advantech Co., Ltd

Cubic Corporation

Huawei Technologies Co., Ltd.

Cisco Systems Inc.

Hitachi, Ltd

TE Connectivity