GMI Research analysis indicates that the Passenger Information System Market estimated at USD 23.1 billion in 2021 and is slated to register a double digit CAGR of 10.2% over the period, 2022-2029 and is projected to reach USD 50.2 billion in 2029.

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Key Drivers

The major factor responsible for propelling the growth of the global passenger information system market includes the rising adoption of such systems among the transit agencies to provide real-time, reliable, and consistent passenger information resulting in the enhancement of passenger satisfaction and comfort. In addition to this, the increasing implementation of advanced technologies such as cloud, big data and IoT for the development of such systems to improve the overall experience of the passenger along with rapid growth in the use of smartphones and enhanced connectivity providing real-time information will create numerous growth opportunities in the market over the coming years. Several advantages offered by these systems includes full access to any information useful for the passengers, special attention to the passenger having disabilities along with the availability of an option to spread the information. Moreover, the development of smart cities leading to the implementation of digital devices and ICT solutions in order to manage the city efficiently and the rising number of passengers traveling by public transport are some other factors surging the demand for passenger information system in the market worldwide. The factors which are responsible for hindering the growth of the global passenger information system market include the high cost of implementation and high maintenance costs of these systems.

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Component – Segment Analysis

Based on the component, the solutions segment is expected to grow at a higher CAGR over the forecast period owing to the increasing adoption rate of the display system in the market as it displays the real-time information visually for the passengers. These systems display the departure & arrival time, safety & emergency messages and news, which leads to an enhancement in the overall experience of the passenger, thereby driving the market growth of this segment.

Transportation – Segment Analysis

Based on the mode of transportation, the roadways segment is anticipated to grow at a higher CAGR during the forecast period owing to the increasing number of passenger traffic traveling through roadways transport, leading to the increase in the adoption of the passenger information system solutions in this segment. In addition to this, the increasing need for the management of the movement of vehicles and to offer safe services also leads to an increase in the adoption of these systems in this segment.

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Regional – Segment Analysis

Based on the region, North America is anticipated to lead the market during the forecast period owing to the high adoption of the latest technologies and network infrastructure. Several initiatives and spending of the government in the public transport sector and the aim of digitalizing the information system is also leading to the growth of the market in this region.

Top Market Players

Various notable players operating in the global passenger information system market include Wabtec Corporation, Hitachi, Ltd., Advantech Co., Ltd., Cisco Systems, Inc., Alstom SA, Cubic Corporation, Huawei Technologies Co., Ltd., Siemens AG, Thales Group, ST Engineering, Teleste Corporation, Mitsubishi Electric, Televic, Dysten and Lunetta among others.

Key Market Developments: 

• • In 2019, Huawei Technologies Co., Ltd. launched Urban Rail Light Cloud, next-generation LTE-R, and 5G Digital Indoor System (DIS) solutions. These solutions enable the rail operators to develop smarter, safer, and efficient rail transportation systems as they offer broadband connectivity, cloud-based services, and better-connected digital railways.
  • In 2018, Wabtec Corporation acquired Annax, which is a leading provider of Public Address and Passenger Information Systems. Through this acquisition, the company planned to offer opportunities in the new market and increase their capabilities with the existing customers.

Segments covered in the Report:

The global passenger information system market is segmented by component, location, mode of transportation, functional model, and regions. Based on the component, the market is segmented into Services and Solutions. Based on the services, the market is further segmented into Consulting & Integration and Training, Support & Maintenance. Based on the solutions, the market is further segmented into Announcement Systems, Mobile Applications, Display Systems, Emergency Communication Systems, Infotainment Systems, and Others. Based on the location, the market is segmented into In Station and On Board. Based on the mode of transportation, the market is segmented into Roadways, Railways and Airways & Waterways. Based on the railways, the market is further segmented into Trains and Trams. Based on the functional model, the market is segmented into Audio Systems, Video Surveillance, Multimedia Displays, Content Management System, Computing Systems, Network & Communication Devices, and Other Functional Models.

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Key questions answered in this research report:

• • At what pace is the global passenger information system market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global passenger information system market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global passenger information system market?
  • Which component generated maximum revenues in 2021 and identify the most promising component during the forecast period?
  • What are the various functional models in the passenger information system, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 23.1 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Component, By Location, By Mode of Transportation, By Functional Model, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Wabtec Corporation, Hitachi, Ltd., Advantech Co., Ltd., Cisco Systems, Inc., Alstom SA, among others; a total of 15 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Passenger Information System Market by Component

• • Services
    • Consulting & Integration
    • Training, Support & Maintenance
  • Solutions
    • Announcement Systems
    • Mobile Applications
    • Display Systems
    • Emergency Communication Systems
    • Infotainment Systems
    • Others

Global Passenger Information System Market by Location

• • In Station
  • On Board

Global Passenger Information System Market by Mode of Transportation

• • Roadways
  • Railways
    • Trains
    • Trams
  • Airways & Waterways

Global Passenger Information System Market by Functional Model

• • Audio Systems
  • Video Surveillance
  • Multimedia Displays
  • Content Management System
  • Computing Systems
  • Network & Communication Devices
  • Other Functional Models

Global Passenger Information System Market by Region

• • North America Passenger Information System Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Location
    • By Mode of Transportation
    • By Functional Model
    • US Market All-Up
    • Canada Market All-Up
  • Europe Passenger Information System Market (Option 2: As a part of the free 25% Customization)
    • By Component
    • By Location
    • By Mode of Transportation
    • By Functional Model
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Passenger Information System Market (Option 3: As a part of the free 25% Customization)
    • By Component
    • By Location
    • By Mode of Transportation
    • By Functional Model
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Passenger Information System Market (Option 4: As a part of the free 25% Customization)
    • By Component
    • By Location
    • By Mode of Transportation
    • By Functional Model
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Passenger Information System Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Wabtec Corporation
  • Hitachi, Ltd.
  • Advantech Co., Ltd.
  • Cisco Systems, Inc.
  • Alstom SA
  • Cubic Corporation
  • Huawei Technologies Co., Ltd.
  • Siemens AG
  • Thales Group
  • ST Engineering
  • Teleste Corporation
  • Mitsubishi Electric
  • Televic
  • Dysten
  • Lunetta