Global Passenger Information Systems Industry Expected To Reach $42 Billion By 2026 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Passenger Information System Market – Global Industry Analysis (2018-2020) – Market Growth Trends and Forecast (2021-2026)” has been added to from ResearchAndMarkets.com offer.

According to Verified Market Research, Global Passenger Information Systems Market was valued at USD 19,264 Million in 2018 and is projected to reach USD 42,027 Million by 2026, growing at a CAGR of 11.9% from 2021-2026.

Companies mentioned

  • Advantech

  • Alstom

  • Wabtec

  • Hitachi

  • Huawei

  • Thales

  • Teleste

  • Televic

  • Quester Tangent

  • Passio Technologies

The market for passenger information systems is growing due to an increase in demand from transit agencies to provide passengers with reliable and accurate real-time transportation information.

Also, developments in the telecommunications industry, which have enabled faster data transfer capabilities, increased use of IoT in the transportation sector, and increased demand for intelligent transportation systems , all move the market forward. Furthermore, increased adoption of cloud computing and big data technologies is likely to provide lucrative growth opportunities to the market.

The rise in COVID-19 cases has dealt a blow to the transportation industry, which has hurt the expansion of the SIP market. With most countries adopting isolation policies, the transportation industry has seen a significant decline across all modes of transportation. However, IoT applications are still generating new revenue streams by enabling real-time vehicle tracking and passenger monitoring data. Traveler monitoring feeds help determine if a passenger should be quarantined based on their travel history.

Important trends in the global passenger information system market

  • According to the US Department of Transportation, the state invested a total of US$63.9 billion in major transportation infrastructure projects across the country in 2018.

  • The European Union (EU) has made significant investments in transport infrastructure worth US$390.0 billion under its cohesion policy (2004-2020).

  • According to recent IATA projections, annual damage to the airline industry from the COVID-19 pandemic is expected to reach over US$200 billion. However, as global limitations on the travel industry and public transportation systems ease, the usefulness of passenger information systems is expected to increase after 2022.

Transport agencies are increasingly investing in passenger loyalty projects to benefit the global market

Due to the widespread use of smartphones, mobile app-based passenger information systems are rapidly gaining ground. To attract customers and offer them fast and reliable information in real time via the smartphone channel, transport agencies are turning to PIS mobile applications.

The public transport industry is currently striving to improve overall operational efficiency and passenger retention. This can be accomplished by improving consumer or passenger satisfaction. Transportation service providers are modernizing their information systems to provide new features such as real-time data availability and transit network connectivity to improve passenger satisfaction. Passengers can now get personalized travel information in real time through the improved PIS.

Main topics covered:

1. Summary

2. Market Overview

2.1. Market definitions

2.2. Market Taxonomy

2.3. Market dynamics

2.3.1. Drivers

2.3.2. Constraints

2.4. Value chain analysis

2.5. Porter’s Five Forces Analysis

2.6. Covid-19 impact analysis

2.7. Key patents

3. Global Passenger Information System Market Outlook, 2018- 2026

3.1. Global Passenger Information System Market Outlook, By Type of Location, Value (USD Thousand), 2018-2026

3.1.1. Highlights

3.1.1.1. On board

3.1.1.2. At the train station

3.1.2. BPS Analysis/Market Attractiveness Analysis

3.2. Global Passenger Information System Market Outlook, By Solution, Value (USD Thousand), 2018-2026

3.2.1. Highlights

3.2.1.1. Information display system

3.2.1.2. Announcement system

3.2.1.3. Infotainment system

3.2.1.4. Mobile passenger information applications

3.2.1.5. Emergency communication systems

3.2.2. BPS Analysis/Market Attractiveness Analysis

3.3. Global Passenger Information System Market Outlook, By Components, Value (USD Thousand), 2018-2026

3.3.1. Highlights

3.3.2. Material

3.3.3. Software

3.3.4. Services

3.3.4.1. Training support and maintenance

3.3.4.2. Consulting & Integration

3.4. Services BPS Analysis / Market Attractiveness Analysis

3.5. Global Passenger Information System Market Outlook, By Components, Value (USD Thousand), 2018-2026

3.5.1. Highlights

3.5.1.1. Airways and waterways

3.5.1.2. Railway

3.5.1.2.1. The trains

3.5.1.2.2. Trams

3.5.1.1.3. Pavement

3.6. Services BPS Analysis / Market Attractiveness Analysis

3.7. Global Passenger Information System Market Outlook, by Region, Value (USD Thousand), 2018-2026

3.7.1. Highlights

3.7.1.1. North America

3.7.1.2. Europe

3.7.1.3. Asia Pacific

3.7.1.4. Latin America

3.7.1.5. Middle East and Africa

3.7.2. BPS Analysis/Market Attractiveness Analysis

4. North America Passenger Information System Market Outlook, 2018- 2026

5. Europe Passenger Information System Market Outlook, 2018- 2026

6. Asia-Pacific Passenger Information System Market Outlook, 2018- 2026

7. Latin America Passenger Information System Market Outlook, 2018- 2026

8. Middle East & Africa Passenger Information System Market Outlook, 2018- 2026

9. Competitive landscape

9.1. Company Market Share Analysis, 2019

9.2. Company Profiles

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/6nx9kb

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