The global passenger information system market size reached US$ 23.8 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 46.0 Billion by 2028, exhibiting a CAGR of 11.61% during 2022-2028.
A passenger information system acts as a communication link between a transit agency and passengers. Also known as a customer information system, it provides real-time data of public transport through voice, visual or other media to users. It helps in tracking details of scheduling, entertainment, news broadcasts, and emergency communication services. Besides this, it assists passengers in attaining relevant information about the status of different transportation mediums and enables them to plan their journeys better, which further increases passenger comfort and satisfaction.
The escalating demand for reliable and accurate real-time transit information by passengers represents one of the key factors propelling the passenger information system market growth. Apart from this, a rise in the demand for intelligent transportation systems, in confluence with advancements in the telecommunication sector to enable faster data transfer capabilities, is also fueling the market growth. Moreover, an increase in demand for intelligent transportation systems and a surge in the adoption of the Internet of Things (IoT), cloud and big data technologies in the transportation sector are driving the sales of passenger information systems across the globe. At present, due to a significant rise in the cases of the coronavirus disease (COVID-19), lockdowns have been imposed by governments of various countries. They are promoting the adoption of social distancing measures to avoid the spread of the pandemic, which is negatively impacting the market growth. However, the market is anticipated to experience growth once normalcy is regained.
2. What is the expected growth rate of the global passenger information system market during 2023-2028?
3. What are the key factors driving the global passenger information system market?
4. What has been the impact of COVID-19 on the global passenger information system market?
5. What is the breakup of the global passenger information system market based on the mode of transport?
6. What is the breakup of the global passenger information system market based on the component?
7. What is the breakup of the global passenger information system market based on system type?
8. What is the breakup of the global passenger information system market based on the location?
9. What are the key regions in the global passenger information system market?
10. Who are the key players/companies in the global passenger information system market?
A passenger information system acts as a communication link between a transit agency and passengers. Also known as a customer information system, it provides real-time data of public transport through voice, visual or other media to users. It helps in tracking details of scheduling, entertainment, news broadcasts, and emergency communication services. Besides this, it assists passengers in attaining relevant information about the status of different transportation mediums and enables them to plan their journeys better, which further increases passenger comfort and satisfaction.
The escalating demand for reliable and accurate real-time transit information by passengers represents one of the key factors propelling the passenger information system market growth. Apart from this, a rise in the demand for intelligent transportation systems, in confluence with advancements in the telecommunication sector to enable faster data transfer capabilities, is also fueling the market growth. Moreover, an increase in demand for intelligent transportation systems and a surge in the adoption of the Internet of Things (IoT), cloud and big data technologies in the transportation sector are driving the sales of passenger information systems across the globe. At present, due to a significant rise in the cases of the coronavirus disease (COVID-19), lockdowns have been imposed by governments of various countries. They are promoting the adoption of social distancing measures to avoid the spread of the pandemic, which is negatively impacting the market growth. However, the market is anticipated to experience growth once normalcy is regained.
Key Market Segmentation:
The analyst provides an analysis of the key trends in each sub-segment of the global passenger information system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on mode of transport, component, system type and location.Breakup by Mode of Transport:
- Airways
- Railways
- Roadways
Breakup by Component:
- Hardware and Software
- Services
Breakup by System Type:
- Multimedia Displays
- Audio Systems
- Computing Systems
- Networking and Communication Devices
- Video Surveillance Systems
- Content Management System
- Others
Breakup by Location:
- On Board
- In Station
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Advantech Co. Ltd., Cisco Systems Inc., Cubic Corporation, Hitachi Ltd., Huawei, Indra Sistemas S.A., Infax Inc., Mitsubishi Electric Corp., Passio Technologies, Siemens and Teleste Oyj.Key Questions Answered in This Report
1. What was the size of the global passenger information system market in 2022?2. What is the expected growth rate of the global passenger information system market during 2023-2028?
3. What are the key factors driving the global passenger information system market?
4. What has been the impact of COVID-19 on the global passenger information system market?
5. What is the breakup of the global passenger information system market based on the mode of transport?
6. What is the breakup of the global passenger information system market based on the component?
7. What is the breakup of the global passenger information system market based on system type?
8. What is the breakup of the global passenger information system market based on the location?
9. What are the key regions in the global passenger information system market?
10. Who are the key players/companies in the global passenger information system market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Passenger Information System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Mode of Transport
6.1 Airways
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Railways
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Roadways
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Component
7.1 Hardware and Software
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Services
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by System Type
8.1 Multimedia Displays
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Audio Systems
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Computing Systems
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Networking and Communication Devices
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Video Surveillance Systems
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Content Management System
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Location
9.1 On Board
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 In Station
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Advantech Co. Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Cisco Systems Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Cubic Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Hitachi Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Huawei
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 Indra Sistemas S.A.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Infax Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Mitsubishi Electric Corp.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Passio Technologies
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Siemens
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Teleste Oyj
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
List of Figures
Figure 1: Global: Passenger Information System Market: Major Drivers and Challenges
Figure 2: Global: Passenger Information System Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Passenger Information System Market: Breakup by Mode of Transport (in %), 2022
Figure 4: Global: Passenger Information System Market: Breakup by Component (in %), 2022
Figure 5: Global: Passenger Information System Market: Breakup by System Type (in %), 2022
Figure 6: Global: Passenger Information System Market: Breakup by Location (in %), 2022
Figure 7: Global: Passenger Information System Market: Breakup by Region (in %), 2022
Figure 8: Global: Passenger Information System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Passenger Information System (Airways) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Passenger Information System (Airways) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Passenger Information System (Railways) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Passenger Information System (Railways) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Passenger Information System (Roadways) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Passenger Information System (Roadways) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Passenger Information System (Hardware and Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Passenger Information System (Hardware and Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Passenger Information System (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Passenger Information System (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Passenger Information System (Multimedia Displays) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Passenger Information System (Multimedia Displays) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Passenger Information System (Audio Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Passenger Information System (Audio Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Passenger Information System (Computing Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Passenger Information System (Computing Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Passenger Information System (Networking and Communication Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Passenger Information System (Networking and Communication Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Passenger Information System (Video Surveillance Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Passenger Information System (Video Surveillance Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Passenger Information System (Content Management System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Passenger Information System (Content Management System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Passenger Information System (Other System Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Passenger Information System (Other System Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Passenger Information System (On Board) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Passenger Information System (On Board) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Passenger Information System (In Station) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Passenger Information System (In Station) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia Pacific: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia Pacific: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: Passenger Information System Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: Passenger Information System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Global: Passenger Information System Industry: SWOT Analysis
Figure 86: Global: Passenger Information System Industry: Value Chain Analysis
Figure 87: Global: Passenger Information System Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Passenger Information System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Passenger Information System Market Forecast: Breakup by Mode of Transport (in Million US$), 2023-2028
Table 3: Global: Passenger Information System Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Passenger Information System Market Forecast: Breakup by System Type (in Million US$), 2023-2028
Table 5: Global: Passenger Information System Market Forecast: Breakup by Location (in Million US$), 2023-2028
Table 6: Global: Passenger Information System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Passenger Information System Market: Competitive Structure
Table 8: Global: Passenger Information System Market: Key Players
Companies Mentioned
- Advantech Co. Ltd.
- Cisco Systems Inc.
- Cubic Corporation
- Hitachi Ltd.
- Huawei
- Indra Sistemas S.A.
- Infax Inc.
- Mitsubishi Electric Corp.
- Passio Technologies
- Siemens and Teleste Oyj
Methodology
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