Passenger Information Systems Markets: Railways, Roads, Airways & Waterways – Global Forecast to 2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Passenger Information System Market by Component (Solutions and Services), Location (On Board and Station), Mode of Transportation (Railways (Trains and Trams), Roads and Airways, and Waterways ) and Region – Global Forecast to 2027″ report has been added to from ResearchAndMarkets.com offer.

The global passenger information systems market size is expected to grow from USD 26.5 billion in 2022 to USD 46.2 billion by 2027, growing at a CAGR of 11.8%

The proliferation of mobile Wi-Fi and the increased prevalence of smartphones and other portable devices has led to a shift in focus towards mobile PIS solutions, as they provide passengers with the ability to easily and quickly access information. With the increase in smartphone users and improved connectivity across the world, the passenger experience has improved, with an increase in overall efficiency.

COVID-19 has been one of the greatest global challenges of the current generation. Ongoing projects have been suspended due to declining budgets. The projects, which were highly strategic initiatives and projects involving technologies directly related to COVID-19, were not suspended.

The COVID-19 outbreak has impacted supply chains around the world, as well as global trade and the transportation industry. COVID-19 has already had a negative impact on tourism, national trade and overall productivity globally. These factors would affect the growth of the transportation industry and hence the growth of the SIP market in the region.

Due to the pandemic, the preference for contactless passenger payments for transportation has increased. The growing adoption of smart payment options has enabled passengers to travel safely and smoothly.

Road mode of transportation is estimated to represent a higher CAGR during the forecast period.

Intelligent transportation is growing in popularity, given the technology’s ability to reduce traffic congestion and improve road safety by effectively monitoring and managing vehicle traffic. Buses are the primary mode of public transportation in various countries, such as the United States, Canada, Germany, United Kingdom, China, India, and Australia.

There are a large number of buses in the transportation industry, and PIS solutions are increasingly being adopted in buses for reliable and safe service offerings to improve the overall transit operations. Rising awareness of the benefits offered by PIS solutions among fleet operators is further expected to boost the market growth.

Deployment and integration services are expected to account for the largest market share in 2022.

Deployment and onboarding services help identify the need for adoption or upgrade to support PIS solutions in existing infrastructure to avoid restrictions of this software. These services help speed deployment, save time and money, enable efficient work, and minimize deployment-related downtime.

Adopting deployment and integration services can help transit service providers improve overall efficiency, while reducing operational costs. Over time, deployment and integration services would increase as more transit service providers focus on installing new IT systems by replacing or integrating existing systems with new solutions. technologically advanced.

Among the regions, APAC will hold a higher CAGR during the forecast period.

The growth of the passenger information system market in the APAC region is highly driven by the technological advancements in the region. China is expected to be the leading country for passenger information system market growth in Asia-Pacific, followed by India. The increasing population growth rate in the region has intensified the need for transformation and expansion of the existing public transport infrastructure, which has led to an increase in the demand for PIS solutions.

The development of the transport sector, railways, bus stations and airports is likely to create demand for SIPs in the region. It has been observed that transit agencies in the region use advanced technology systems to improve service offerings to attract and encourage passengers to use public transit systems. Since public transport for commuting in countries such as Japan, China, and India plays a major role, it is expected to create a strong demand for the PIS market in the coming years.

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  • Increase in demand for real-time passenger transit information to drive market growth over the forecast period

  • Onboard location segment and China will account for the largest market share in Asia-Pacific in 2022

  • India to witness the highest growth during the forecast period

Market dynamics

Drivers

  • Increase in demand for intelligent public transport systems

  • Increased adoption of smartphones and other portable devices

  • Progress in technological solutions to improve the passenger experience

  • Increase in urban population and public transport traffic

Constraints

  • High implementation and maintenance costs

  • Strict transportation regulatory policies

Opportunities

  • Adoption of IoT, 5G and automation to enhance technology optimization

  • Increase in cloud, big data and analytics penetration

  • Declining vehicle ownership with advances in mobility as a service (Maas)

Challenges

  • Complexities of integration on legacy infrastructure and communication networks

  • Multiple sensors and touchpoints pose the challenge of data fusion

  • Impact of COVID-19 on Passenger Information System Market Dynamics

Case study analysis

  • Use Case 1: Cubic helps Mta streamline the transit experience for travelers

  • Use case 2: Thales provides Bane (Nor) with a next-generation traffic management system

  • Use Case 3: Huawei Helps Ruili Airlines Improve Passenger Experience with Private Cloud Platform

  • Use case 4: Teleste provides Stadler with an on-board system for its Helsinki Sm5 trains

Technological analysis

  • Artificial Intelligence/ Machine Learning

  • Big data and analytics

  • internet of things

  • 5G

  • cyber security

Patent Analysis

  • Europe: patent applications, by geographical origin, 2013-2019

  • Europe: patent applications, by field of technology, 2013-2019

  • Europe: Patent applications: digital technology, by applicant, 2020

  • United States: number of patents granted, 2014-2019

Regulatory implications

  • International Standards Organization

  • ISO/IEC Jtc 1

  • ISO/IEC 27001

  • ISO/IEC 19770

  • Iso/IEC Jtc 1/Swg 5

  • ISO/IEC Jtc 1Sc 31

  • Iso/IEC Jtc 1/Sc 27

  • Iso/IEC Jtc 1/Wg 7 SENSORS

  • General Data Protection Regulation

  • Federal Motor Carrier Safety Administration (Fmcsa)

  • Federal Highways Administration (Fhwa)

  • Maritime Administration (Marad)

  • Federal Aviation Administration (Faa)

  • Federal Railway Administration (Fra)

  • Institute of Electrical and Electronic Engineers

  • Center/ISO

  • Cen/Cenelec

  • European Telecommunications Standards Institute

  • ITU-T

Company Profiles

Main actors

  • Advantech

  • Alstom

  • Wabtec

  • Cubic

  • Cisco

  • Siemens

  • Hitachi

  • Huawei

  • Thales

  • Mitsubishi Electric

  • Televic

  • St Engineering

  • Indra

  • Medha Servo Motors

Startups/SMEs

  • Efftronics

  • Dysten

  • Glasses

  • R2P

  • Multimedia icon

  • Passio Technologies

  • Teleste

  • Lancom

  • simple way

  • Eke-Electronics

  • Quester Tangent

  • Batch group

For more information on this report visit https://www.researchandmarkets.com/r/d781q5

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