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Global Passenger Information System Market By Components (Solutions and Services), By Location (On Board and In Station), By Transportation Mode (Railways, Roadways, and Airways and Waterways), By Functional Model (Multimedia Display, Audio Systems, Computing Systems, Networking and Communication Devices, Video Surveillance, Content Management System and Other Functional Models), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2030.
Global Passenger Information System Market Overview:
The global passenger information system market is estimated to reach at USD 62.4 billion in 2030 with is growing at a CAGR of 11.59% during the forecast period, 2022-2030 and it was valued at USD 24.7 billion in 2022. A passenger information system is an automated and programmed system for supplying public transport users with information about the nature and state of public transport service through visual, voice, or other media. The passenger information system (PIS) is the operating tool that includes information management on routes and their display via different display elements deployed at passenger platforms. The PIS solution inputs media data from a remote operator station with data, microphones, and intercoms and provides an output to a sound system, kiosks, digital signage displays, automatic voice passenger information, and a cloud-based server was running a passenger mobile app.Global Passenger Information System Market Insights
The major factors are the growing demand for transit agencies to deliver reliable and accurate real-time transit information to passengers. Additionally, the rise in demand for intelligent public transportation systems and the increasing penetration of smartphones and other handheld devices with increased connectivity will spur the global passenger information system industry in the future periods. Furthermore, the advancements in the telecommunication sector to enable faster data transfer capabilities and rise in the adoption of the Internet of Things (IoT), cloud and big data technologies in the transportation sector is expected to witness remarkable growth of passenger information system. The increasing usage of advertising & information systems and a surge in urban population and traffic in public transportation systems are expected to propel passenger information systems’ demand over the coming years. Moreover, the rise in the number of passenger journeys made annually by public transport mediums and rapidly growing transport infrastructure worldwide is positively impacting the market for the passenger information system. Furthermore, the rapidly expanding government initiatives for smart cities and smart transportation are fueling the demand for the passenger information system market. The growing efforts by transport IT solution providers to meet the demands of dynamic passenger information needs and various state-of-the-art information channels will bolster the growth of the global passenger information system market share. Additionally, the growing government initiatives to upgrade the information systems coupled with the high investments in intelligent transportation systems by private and public sector companies propel the growth of the passenger information system market across the globe.Growth Driver
Rising demand for intelligent public transportation systems
The increasing demand for intelligent public transportation systems that offers real-time transit information for passengers is projected to drive the growth of the PIS market. Due to the increasing demand for the real-time information of passengers, transit agencies and transport service providers deploy PIS solutions and services to enhance passengers’ travel experience. Presently, the public transportation industry needs to increase overall operational efficiency and passenger retention. This can be attained by increasing passenger experience, thereby making their traveling management simple, safe, and time savings. Transport service providers upgrade their information systems by offering new features, such as real-time data availability and in-transit network connectivity, to increase passenger satisfaction. Furthermore, a rise in the use of real-time data by traffic authorities worldwide to solve traffic congestion issues, increase the capacity of busy roads and reduce journey times and reduce the chances of accidents will also drive the need for ITS. However, the high costs involved in implementing and maintaining the passenger information systems can hamper the market growth.Component Segmental Analysis
Based on the component, the global passenger information system market is segregated into solutions and services. Furthermore, the solution segment is segmented into display systems, announcement systems, emergency communication systems, mobile applications, infotainment systems, etc. The other segment includes passenger counting systems and video monitoring systems. The services segment is bifurcated into consulting, deployment and integration, and support and maintenance. The solutions segment is estimated to witness the highest growth over the analysis timeframe due to the rising adoption rate of the display system by the end-users. It provides real-time visual information such as arrival and departure times in transits, advertisements, news, safety & emergency pop-ups, and several entertainment contents to effectively and immediately deliver the message to the end-users. The services will grow significantly due to the rise in professional consultancy in emerging countries and the increasing number of different types of support programs by various vendors meant to meet passengers’ specific requirements and needs.Location Segmental Analysis
The global passenger information system market is categorized into onboard and in the station based on the location. The onboard segment held a significant market share in 2021 and will gain maximum market revenue by 2030. It is attributable to its cost-effectivity and the exponential increase in smartphone usage and advancements in network infrastructure that enables transport authorities to provide timely status and updates to passengers about the next/previous stations or stops. In addition, PIS solutions also help provide advanced vehicle information, including precise arrival and departure information. The in-station segment is poised to witness significant growth over the forecast period due to the rising use of passenger information systems in the station as it offers necessary travel information such as intermediate stations, possible delays, arrival/departure times, platform numbers, destinations, and others to passengers. Such displays possess an open communication protocol and are quite flexible to be easily incorporated into the current station management system.Transportation Mode Segmental Analysis
The global passenger information system market is classified into railways, roadways, and airways & waterways based on the transportation mode. The roadways segment is expected to be the highest revenue share for passenger information systems during the forecast period. The segment growth is primarily attributed to the rising number of passenger traffic traveling via roadways transport, leading to increased passenger information system solutions. In addition, the increasing need for the management of the movement of vehicles to improve the reliability of public transportation networks by providing visibility into information on arrivals, departures, or routes for travelers to offer a hassle-free journey and offer safe services is expected to drive the market. The railways will witness a lucrative growth rate in the estimated period due to the rising need for accurate and timely delivery of passenger information and an increase in the adoption of trains for reliable and safe service offerings and enhancing the overall transit operations.Functional Model Segmental Analysis
Based on the functional model, the global passenger information system market is segmented into the multimedia display, audio systems, computing systems, networking and communication devices, video surveillance, content management system, and other functional models. The multimedia display segment will dominate the global passenger information system market by 2030. It is due to its ability to provide users a real-time analysis of the route and dissipate significant advertising information by using several content forms such as audio, video, text, and others displayed on screen and monitors. The information displayed using the multimedia system is widely accepted by disabled people and poorly informed people on the vehicle’s journey. These types of displays help effectively disperse useful information to the passenger regarding their mode of commutation. The audio systems accounted for the largest share of the passenger information system market in 2019. It assists passengers in attaining relevant information and real-time data of public transport through voice.Region Segmental Analysis
The global passenger information system market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa by geography. North America is to project considerable growth over 2022-2030. It is due to leading players, high adoption of the latest technologies & network infrastructure, and rising government initiatives and spending in the public transport sector coupled to digitalize the information system. The Asia Pacific will gain a prominent share of the passenger information system market by 2030. Due to the adoption of digitization in the transportation sector and high-speed networks, it is increasing focus on development in transportation infrastructure and the rise in smartphone adoption with mobile application-based passenger information systems.Competitor Analysis
Companies such as Advantech Co. Ltd., Cisco Systems Inc., Cubic Corporation, Hitachi Ltd., Huawei, Indra Sistemas S.A., Infax Inc., Mitsubishi Electric Corp., Alstom, Wabtec, Thales, Televic Rail, ST Engineering, Passio Technologies, Siemens, Teleste Oyj, DYSTEN, Lunetta, r2p, Indra, ICON Multimedia, Passio Technologies, LANCom, Simple way, EKE-Electronics, Medha Servo Drives, Quester Tangent, and LOT Group are the key players in the global passenger information system market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global passenger information system manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to passenger information system
- Regulatory bodies
- Suppliers
- Retailers
Recent Development
- In December 2020, The Advantech and VinBus Ecology Transport Ltd. Liability Co. contracted strategic cooperation to develop an intelligent electric bus management system.
- In January 2021, Alstom obtained Bombardier Transportation. As a part of the investment, Alstom would support its leadership in the growing sustainable mobility market by achieving a critical size in all geographies and combining different solutions and assets to help its customers better worldwide.
- In June 2020, Wabtec established an air-filtration innovation called BlueFilter to deliver passengers a clean and healthy environment on metro and trains.
The objective of the Research
- Market modeling commences with identifying a target market where historical data exists. A Market may include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to know potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps assess potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines an in-depth scenario of the target market by grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics.
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs, wants, and cultural characteristics that can specifically target.
Market Modelling
By Components- Solution
- Display Systems
- Announcement Systems
- Emergency Communication Systems
- Mobile Applications
- Infotainment Systems
- Others
- Services
- Consulting
- Deployment and Integration
- Support and Maintenance
- On Board
- In Station
- Railways
- Trains
- Trams
- Roadways
- Airways and Waterways
- Multimedia Display
- Audio Systems
- Computing Systems
- Networking and Communication Devices
- Video Surveillance
- Content Management System
- Other Functional Models
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10.PESTEL Analysis
- Global Passenger Information System Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Component
5.2.1.1. Solutions
5.2.1.1.1. Display Systems
5.2.1.1.2. Announcement Systems
5.2.1.1.3. Emergency Communication Systems
5.2.1.1.4. Mobile Applications
5.2.1.1.5. Infotainment Systems
5.2.1.1.6. Others
5.2.1.2. Services
5.2.1.2.1. Consulting
5.2.1.2.2. Deployment and Integration
5.2.1.2.3. Support and Maintenance
5.2.2. By Services
5.2.2.1. Consulting
5.2.2.2. Deployment and Integration
5.2.2.3. Support and Maintenance
5.2.3. By Location
5.2.3.1. On Board
5.2.3.2. In Station
5.2.4. By Transportation Mode
5.2.4.1. Railways
5.2.4.2. Trains
5.2.4.3. Trams
5.2.4.4. Roadways
5.2.4.5. Airways and Waterways
5.2.5. By Functional Model
5.2.5.1. Multimedia Display
5.2.5.2. Audio Systems
5.2.5.3. Computing Systems
5.2.5.4. Networking and Communication Devices
5.2.5.5. Video Surveillance
5.2.5.6. Content Management System
5.2.5.7. Other Functional Models
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Europe
5.2.6.3. Asia Pacific
5.2.6.4. The Middle East & Africa
5.2.6.5. South America
- North America Passenger Information System Market, 2017-2030
6.1. North America Passenger Information System Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. North America Passenger Information System Market Share & Forecast, 2017-2030
6.2.1. By Component
6.2.1.1. Solutions
6.2.1.1.1. Display Systems
6.2.1.1.2. Announcement Systems
6.2.1.1.3. Emergency Communication Systems
6.2.1.1.4. Mobile Applications
6.2.1.1.5. Infotainment Systems
6.2.1.1.6. Others
6.2.1.2. Services
6.2.1.2.1. Consulting
6.2.1.2.2. Deployment and Integration
6.2.1.2.3. Support and Maintenance
6.2.2. By Services
6.2.2.1. Consulting
6.2.2.2. Deployment and Integration
6.2.2.3. Support and Maintenance
6.2.3. By Location
6.2.3.1. On Board
6.2.3.2. In Station
6.2.4. By Transportation Mode
6.2.4.1. Railways
6.2.4.2. Trains
6.2.4.3. Trams
6.2.4.4. Roadways
6.2.4.5. Airways and Waterways
6.2.5. By Functional Model
6.2.5.1. Multimedia Display
6.2.5.2. Audio Systems
6.2.5.3. Computing Systems
6.2.5.4. Networking and Communication Devices
6.2.5.5. Video Surveillance
6.2.5.6. Content Management System
6.2.5.7. Other Functional Models
6.2.6. By Country
6.2.6.1. US
6.2.6.2. Canada
6.2.6.3. Mexico
6.2.7. Price-Point Analysis, By Sensor
6.2.8. Manufacturer & Distribution List (Top 5)
6.2.9. Company Market Share (Top 3-5)
6.2.10. Economic Impact Study on North America Passenger Information System Market
- Europe Passenger Information System Market, 2017-2030
7.1. Europe Passenger Information System Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Europe Passenger Information System Market Share & Forecast, 2017-2030
7.2.1. By Component
7.2.1.1. Solutions
7.2.1.1.1. Display Systems
7.2.1.1.2. Announcement Systems
7.2.1.1.3. Emergency Communication Systems
7.2.1.1.4. Mobile Applications
7.2.1.1.5. Infotainment Systems
7.2.1.1.6. Others
7.2.1.2. Services
7.2.1.2.1. Consulting
7.2.1.2.2. Deployment and Integration
7.2.1.2.3. Support and Maintenance
7.2.2. By Services
7.2.2.1. Consulting
7.2.2.2. Deployment and Integration
7.2.2.3. Support and Maintenance
7.2.3. By Location
7.2.3.1. On Board
7.2.3.2. In Station
7.2.4. By Transportation Mode
7.2.4.1. Railways
7.2.4.2. Trains
7.2.4.3. Trams
7.2.4.4. Roadways
7.2.4.5. Airways and Waterways
7.2.5. By Functional Model
7.2.5.1. Multimedia Display
7.2.5.2. Audio Systems
7.2.5.3. Computing Systems
7.2.5.4. Networking and Communication Devices
7.2.5.5. Video Surveillance
7.2.5.6. Content Management System
7.2.5.7. Other Functional Models
7.2.6. By Country
7.2.6.1. Germany
7.2.6.2. UK
7.2.6.3. France
7.2.6.4. Italy
7.2.6.5. Rest of Europe
7.2.7. Price-Point Analysis, By Sensor
7.2.8. Manufacturer & Distribution List (Top 5)
7.2.9. Company Market Share (Top 3-5)
7.2.10. Economic Impact Study on Europe Passenger Information System Market
- Asia Pacific Passenger Information System Market, 2017-2030
8.1. Asia Pacific Passenger Information System Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Asia Pacific Passenger Information System Market Share & Forecast, 2017-2030
8.2.1. By Component
8.2.1.1. Solutions
8.2.1.1.1. Display Systems
8.2.1.1.2. Announcement Systems
8.2.1.1.3. Emergency Communication Systems
8.2.1.1.4. Mobile Applications
8.2.1.1.5. Infotainment Systems
8.2.1.1.6. Others
8.2.1.2. Services
8.2.1.2.1. Consulting
8.2.1.2.2. Deployment and Integration
8.2.1.2.3. Support and Maintenance
8.2.2. By Services
8.2.2.1. Consulting
8.2.2.2. Deployment and Integration
8.2.2.3. Support and Maintenance
8.2.3. By Location
8.2.3.1. On Board
8.2.3.2. In Station
8.2.4. By Transportation Mode
8.2.4.1. Railways
8.2.4.2. Trains
8.2.4.3. Trams
8.2.4.4. Roadways
8.2.4.5. Airways and Waterways
8.2.5. By Functional Model
8.2.5.1. Multimedia Display
8.2.5.2. Audio Systems
8.2.5.3. Computing Systems
8.2.5.4. Networking and Communication Devices
8.2.5.5. Video Surveillance
8.2.5.6. Content Management System
8.2.5.7. Other Functional Models
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. Australia
8.2.6.5. Rest of Asia pacific
8.2.7. Price-Point Analysis, By Sensor
8.2.8. Manufacturer & Distribution List (Top 5)
8.2.9. Company Market Share (Top 3-5)
8.2.10. Economic Impact Study on Asia-Pacific Passenger Information System Market
- The Middle East & Africa Passenger Information System Market, 2017-2030
9.1. The Middle East & Africa Passenger Information System Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. The Middle East & Africa Passenger Information System Market Share & Forecast, 2017-2030
9.2.1. By Component
9.2.1.1. Solutions
9.2.1.1.1. Display Systems
9.2.1.1.2. Announcement Systems
9.2.1.1.3. Emergency Communication Systems
9.2.1.1.4. Mobile Applications
9.2.1.1.5. Infotainment Systems
9.2.1.1.6. Others
9.2.1.2. Services
9.2.1.2.1. Consulting
9.2.1.2.2. Deployment and Integration
9.2.1.2.3. Support and Maintenance
9.2.2. By Services
9.2.2.1. Consulting
9.2.2.2. Deployment and Integration
9.2.2.3. Support and Maintenance
9.2.3. By Location
9.2.3.1. On Board
9.2.3.2. In Station
9.2.4. By Transportation Mode
9.2.4.1. Railways
9.2.4.2. Trains
9.2.4.3. Trams
9.2.4.4. Roadways
9.2.4.5. Airways and Waterways
9.2.5. By Functional Model
9.2.5.1. Multimedia Display
9.2.5.2. Audio Systems
9.2.5.3. Computing Systems
9.2.5.4. Networking and Communication Devices
9.2.5.5. Video Surveillance
9.2.5.6. Content Management System
9.2.5.7. Other Functional Models
9.2.6. By Country
9.2.6.1. Saudi Arabia
9.2.6.2. UAE
9.2.6.3. South Africa
9.2.6.4. Rest of The Middle East & Africa
9.2.7. Price-Point Analysis, By Sensor
9.2.8. Manufacturer & Distribution List (Top 5)
9.2.9. Company Market Share (Top 3-5)
9.2.10. Economic Impact Study on The Middle East & Africa Passenger Information System Market
- South America Passenger Information System Market, 2017-2030
10.1. South America Passenger Information System Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. South America Passenger Information System Market Share & Forecast, 2017-2030
10.2.1. By Component
10.2.1.1. Solutions
10.2.1.1.1. Display Systems
10.2.1.1.2. Announcement Systems
10.2.1.1.3. Emergency Communication Systems
10.2.1.1.4. Mobile Applications
10.2.1.1.5. Infotainment Systems
10.2.1.1.6. Others
10.2.1.2. Services
10.2.1.2.1. Consulting
10.2.1.2.2. Deployment and Integration
10.2.1.2.3. Support and Maintenance
10.2.2. By Services
10.2.2.1. Consulting
10.2.2.2. Deployment and Integration
10.2.2.3. Support and Maintenance
10.2.3. By Location
10.2.3.1. On Board
10.2.3.2. In Station
10.2.4. By Transportation Mode
10.2.4.1. Railways
10.2.4.2. Trains
10.2.4.3. Trams
10.2.4.4. Roadways
10.2.4.5. Airways and Waterways
10.2.5. By Functional Model
10.2.5.1. Multimedia Display
10.2.5.2. Audio Systems
10.2.5.3. Computing Systems
10.2.5.4. Networking and Communication Devices
10.2.5.5. Video Surveillance
10.2.5.6. Content Management System
10.2.5.7. Other Functional Models
10.2.6. By Country
10.2.6.1. Brazil
10.2.6.2. Argentina
10.2.6.3. Rest of South America
10.2.7. Price-Point Analysis, By Sensor
10.2.8. Manufacturer & Distribution List (Top 5)
10.2.9. Company Market Share (Top 3-5)
10.2.10. Economic Impact Study on South America Passenger Information System Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Advantech Co. Ltd
11.7.2. Cisco Systems Inc
11.7.3. Cubic Corporation
11.7.4. Hitachi Ltd
11.7.5. Huawei
11.7.6. Indra Sistemas S.A.
11.7.7. Infax Inc.
11.7.8. Mitsubishi Electric Corp.
11.7.9. Alstom
11.7.10. Wabtec
11.7.11. Thales
11.7.12. Televic Rail
11.7.13. ST Engineering
11.7.14. Passio Technologies
11.7.15. Siemens
11.7.16. Teleste Oyj
11.7.17. DYSON
11.7.18. Lunetta
11.7.19. r2p
11.7.20. Indra
11.7.21. ICON Multimedia
11.7.22. Passio Technologies
11.7.23. Lancome, Simple way
11.7.24. EKE-Electronics
11.7.25. Medha Servo Drives
11.7.26. Quester Tangent
11.7.27. LOT Group
11.7.28. Other Prominent Players
Frequently Asked Question (FAQ)
A passenger information system is an automated and programmed system for supplying public transport users with information about the nature and state of public transport service through visual, voice, or other media. The passenger information system (PIS) is the operating tool that includes information management on routes and their display via different display elements deployed at passenger platforms.
The global passenger information system market is growing at a CAGR of 11.2% during the forecast period of 2022-2028.
The increasing demand for intelligent public transportation systems that offers real-time transit information for passengers is projected to drive the growth of the PIS market. Due to the increasing demand for the real-time information of passengers, transit agencies and transport service providers deploy PIS solutions and services to enhance passengers’ travel experience. Presently, the public transportation industry needs to increase overall operational efficiency and passenger retention.
The companies include Advantech Co. Ltd., Cisco Systems Inc., Cubic Corporation, Hitachi Ltd., Huawei, Indra Sistemas S.A., Infax Inc., Mitsubishi Electric Corp., Alstom, Wabtec, Thales, Televic Rail, ST Engineering, Passio Technologies, Siemens, Teleste Oyj, DYSTEN, Lunetta, r2p, Indra, ICON Multimedia, Passio Technologies, LANCom, Simple way, EKE-Electronics, Medha Servo Drives, Quester Tangent, and LOT the key players in the global passenger information market.
North America is to project considerable growth over 2022-2030. It is due to leading players, high adoption of the latest technologies & network infrastructure, and rising government initiatives and spending in the public transport sector coupled to digitalize the information system.
