Passenger Information System Market - Trends Forecast Till 2028

Passenger Information System Market, By Component (Solutions and Services), Location (On Board and In Station), Transportation Mode (Railways (Trains and Trams), Roadways, and Airways and Waterways) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)

Published Date: May, 2021

Base Year Estimate: 2020

Report ID: D-IT-PISM-168

Format:  

Number of Pages: 372

Domain: IT & Telecom

Passenger Information System Market – Trends Forecast Till 2028

The Global Passenger Information System market is anticipated to reach USD 24.2 billion in 2021 growing at a CAGR of 11.3% during the forecasting period, 2021-2028.

A passenger information system is an audio, video, and GPS-based system which gives information about the location of public transport. It gives real-time transit of public transport and helps the passenger to be informed about the location and time of arrival and departure for the transport. There is 2 set of information provided by PIDS 1. Static information 2. Real-time information. The static information tells about the approximate time of arrival and departure whereas the real-time information helps the passenger to give real-time tracking of the public transport.

A passenger being more aware and informed along with increased use of smartphones for travel routes and real-time transit are some of the factors that have supported long-term expansion for the Passenger Information System industry.

Passenger Information System Market Analysis

The Global Passenger Information System market is segmented into Component, Location, Transportation Mode, and geography.

The component segment is segmented into Solutions and Services

Location segment is segmented into On Board and In Station

Transportation Mode segment is segmented into Railways (Trains and Trams), Roadways, and Airways and Waterways

Geographically, the global Passenger Information System market is sub-segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, and insights are provided for each region and major countries within the regions

Key players in the global Passenger Information System market are Advantech (Taiwan), Alstom (France), Wabtec (US), Cubic (US), Cisco (US), Siemens (Germany), Hitachi (Japan), Huawei (Japan), Thales (France), Teleste (Finland), Televic Rail (Belgium), Mitsubishi Electric (Japan), ST Engineering (Singapore), DYSTEN (Poland), Lunetta (India), r2p (Germany), Indra (Spain), ICON Multimedia (Spain), Passio Technologies (US), LANCom (Slovenia), Simpleway (Czech Republic), EKE-Electronics (Finland), Medha Servo Drives (India), Quester Tangent (Canada), and LOT Group (Ukraine) among others.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the Passenger Information System market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Passenger Information System market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess prospects. The following figure depicts the market research methodology used in drafting this report on the Passenger Information System market.

The primary Respondent breakdown is given below:

Passenger Information System Market Primary Respondent

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Passenger Information System market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the Passenger Information System market to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 24.2 billion

Growth Rate

CAGR of 11.3% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Component, Location, Transportation Mode, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Advantech (Taiwan), Alstom (France), Wabtec (US), Cubic (US), Cisco (US), Siemens (Germany), Hitachi (Japan), Huawei (Japan), Thales (France), Teleste (Finland), Televic Rail (Belgium), Mitsubishi Electric (Japan), ST Engineering (Singapore), DYSTEN (Poland), Lunetta (India), r2p (Germany), Indra (Spain), ICON Multimedia (Spain), Passio Technologies (US), LANCom (Slovenia), Simpleway (Czech Republic), EKE-Electronics (Finland), Medha Servo Drives (India), Quester Tangent (Canada), and LOT Group (Ukraine).

Available Customization

In addition to the market data for the Passenger Information System market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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