Demand for Display Systems Surges amidst COVID-19 Outbreak to Float Educational Posters
The ongoing battle with COVID-19 (coronavirus) has compelled transport agencies to adopt display systems to float messages about COVID-19 preventive measures. Hence, companies in the passenger information system market are capitalizing on this trend and increasing their production capabilities to increase the availability of display and audio communication systems. This trend is prominent in the Indian Railway industry. Indian transport agencies are adopting Bollywood-themed COVID-19 messages that grab the attention of individuals traveling through public transport.
Educational railway posters, with the help of LCD (Liquid Crystal Display) and LED (Light Emitting Diode) displays are a prominent trend in the Indian passenger information system market.
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Cost-efficient SaaS Platforms Create Incremental Opportunities for Vendors
Software as a Service (SaaS) is increasingly becoming the new trend in modern transit systems. SaaS models have facilitated the introduction of subscription-based account, which helps a user to fetch information from the cloud. As such, the subscription economy has been exploding in the past couple of years and holds promising potentials in the passenger information system market. For instance, LIT Transit— a provider of mobility technology solutions, is increasing its efficacy in SaaS-based passenger information systems (PIS) to provide flexibility in transit management.
The passenger information system market is undergoing a revolution from hardware dependent systems to hardware independent software. Transport agencies are increasingly adopting SaaS platforms, owing to its advantages of constant innovations and cost efficiency. Many agencies have experienced a boost in their performance levels after the deployment of SaaS platforms.
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Next-gen On-board PIS Deploys Combined Infotainment and Commercial Content
Companies in the passenger information system market are profiting by increasing the availability of on-board PIS. For instance, Nomad Digital— a provider of passenger and fleet connectivity solutions, is building its portfolio in on-board passenger information systems that involve on-train screens and the delivery of journey information in the rail industry. Innovative on-board passenger information systems are bolstering the growth of the passenger information system market, which is estimated to reach US$ 65.3 Bn by the end of 2030.
The demand for on-board passenger information systems is surging in the global market landscape, owing to needs of infotainment and content management. As such, commercial content is being controlled via scheduled programming technology, thus eliminating the need for employees in transport agencies. Vendors are increasing their R&D capabilities to develop single platform on-board PIS solutions for the rail industry.
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Open Data Resources Deliver Real-time Information in U.K. Public Transport Industry
The passenger information system market is projected to advance at a robust CAGR of 13.3% during the assessment period. This is evident, as transport agencies are harnessing the advantages of data in the public transport sector. As such, the public transport industry is pervasively becoming more digitalized. However, there is a lack of open and shared resources for data that adhere to privacy laws and General Data Protection Regulation (GDPR) in the European Union. Hence, companies in the passenger information system market are increasing their R&D efforts to tap into opportunities in the Internet of Things (IoT) in order to collect and share data to the people in real time.
Transportation in London is leading the way for open data in the U.K. Transportation agencies are using predictive analytics to study data and use the data to counter problems before they occur.
Passenger Information System Market: Overview
- The global passenger information system market is expected to reach US$ 65.3 Bn by 2030 from US$ 18.6 Bn in 2020, expanding at a CAGR of 13.3% from 2020 to 2030
- The global passenger information system market is currently driven by increasing adoption of mobile PIS (Passenger Information System) among end users. The passenger information system market in Asia Pacific is projected to expand at a high CAGR during the forecast period. The growing adoption of passenger information systems in airports, metros, as well as ports has propelled the demand for passenger information systems in the region.
- China is the most attractive market in Asia Pacific. The incremental opportunity is significantly higher for China, as it accounts for a dominant share of the passenger information system market in the region.
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Global Passenger Information System Market was valued US$ 14.34 Bn in 2017 and is expected to reach US$ 45.54 Bn by 2026, at a CAGR of 15.54% during a forecast period.Passenger information system market is a communication link between a transport agency and passengers.
It empowers to deliver information related to real-time vehicle location status updates, timely announcements, and schedule of the journey.Advancements in the telecommunication sector to enable faster data transfer capabilities, increasing IoT adoption in transportation sector, growing urbanization coupled with rising traffic in public transits, and increasing demand for intelligent transportation systems are the major factors for the growth of the marketGet More Information Passenger Information System Market: https://www.trendsmarketresearch.com/report/sample/6051High cost associated with implementation, managing the passenger information and technical limitation are some of the factors restraining the market growth.
Additionally, lack of awareness, use of legacy systems, and poor internet connectivity in the underdeveloped nations limit the deployment and usage of passenger information systems.Increasing adoption of cloud and big data technologies is expected to provide good opportunities for the market growth.Railway segment is estimated to grow at a significant pace during the forecast period owing to rising the traveling comfort for passengers, giving them real-time information.
So that, we are designing, installing and maintaining passenger information systems for every rail environment.Passenger information mobile applications allow passengers to look at availability of buses, while at home, in the office, hotel.
Addresses safety concerns, makes managing simple, improves efficiency time savings is boosting the passenger information mobile applications segment.North America is the largest share of global passenger information system market owing to technological advancement and developed network architecture.
However, the Asia Pacific and South America are estimated to grow at a higher rate during the forecast period due to the growing population and increased per capita income.Key players in global passenger information system market are Alstom, Cubic Corporation, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation, Siemens AG, Singapore Technologies Electronics Limited, Teleste Corporation, Thales, Advantech Co., Ltd, Huawei Technologies, Cisco, TE Connectivity, and Toshiba Corporation.Request For Report discount: https://www.trendsmarketresearch.com/report/discount/6051Scope of the Global Passenger Information System MarketGlobal Passenger Information System Market by ComponentHardwareSoftwareServicesGlobal Passenger Information System Market by SolutionInformation Display SystemAnnouncement SystemsInfotainment SystemsPassenger Information Mobile ApplicationsEmergency Communication SystemsGlobal Passenger Information System Market by Mode of TransportationAirwayRailwayRoadwayGlobal Passenger Information System Market by GeographyNorth AmericaEuropeAsia-PacificMiddle East AfricaSouth AmericaKey Players operating in the Global Passenger Information System MarketAlstomCubic CorporationHitachi, LtdIndraMitsubishi Electric CorporationSiemens AGSingapore Technologies Electronics LimitedTeleste CorporationThalesToshiba CorporationAdvantech Co., LtdHuawei TechnologiesCiscoTE ConnectivityReport Description : https://www.trendsmarketresearch.com/report/analysis/MMR/global-passenger-information-system-market View More : Information Technology & TelecommunicationAbout Us:Trends Market Research is one of the leading digital services provider and a result-oriented company based in U.K... We are a team of enthusiastic-driven individuals with top notch skills in SEO, Market research.
Global Passenger Information System Market was valued US$ 14.34 Bn in 2017 and is expected to reach US$ 45.54 Bn by 2026, at a CAGR of 15.54% during a forecast period.Passenger information system market is a communication link between a transport agency and passengers.
It empowers to deliver information related to real-time vehicle location status updates, timely announcements, and schedule of the journey.Advancements in the telecommunication sector to enable faster data transfer capabilities, increasing IoT adoption in transportation sector, growing urbanization coupled with rising traffic in public transits, and increasing demand for intelligent transportation systems are the major factors for the growth of the marketFor more info, Get PDF at: https://www.trendsmarketresearch.com/report/sample/6051High cost associated with implementation, managing the passenger information and technical limitation are some of the factors restraining the market growth.
Additionally, lack of awareness, use of legacy systems, and poor internet connectivity in the underdeveloped nations limit the deployment and usage of passenger information systems.Increasing adoption of cloud and big data technologies is expected to provide good opportunities for the market growth.Railway segment is estimated to grow at a significant pace during the forecast period owing to rising the traveling comfort for passengers, giving them real-time information.
So that, we are designing, installing and maintaining passenger information systems for every rail environment.Passenger information mobile applications allow passengers to look at availability of buses, while at home, in the office, hotel.
Addresses safety concerns, makes managing simple, improves efficiency time savings is boosting the passenger information mobile applications segment.North America is the largest share of global passenger information system market owing to technological advancement and developed network architecture.
However, the Asia Pacific and South America are estimated to grow at a higher rate during the forecast period due to the growing population and increased per capita income.Key players in global passenger information system market are Alstom, Cubic Corporation, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation, Siemens AG, Singapore Technologies Electronics Limited, Teleste Corporation, Thales, Advantech Co., Ltd, Huawei Technologies, Cisco, TE Connectivity, and Toshiba Corporation.Scope of the Global Passenger Information System MarketGlobal Passenger Information System Market by ComponentHardwareSoftwareServicesGlobal Passenger Information System Market by SolutionInformation Display SystemAnnouncement SystemsInfotainment SystemsPassenger Information Mobile ApplicationsEmergency Communication SystemsYou can Buy This Report from Here @ https://www.trendsmarketresearch.com/checkout/6051/SingleGlobal Passenger Information System Market by Mode of TransportationAirwayRailwayRoadwayGlobal Passenger Information System Market by GeographyNorth AmericaEuropeAsia-PacificMiddle East AfricaSouth AmericaGet Discount on This Report: https://www.trendsmarketresearch.com/report/discount/6051Key Players operating in the Global Passenger Information System MarketAlstomCubic CorporationHitachi, LtdIndraMitsubishi Electric CorporationSiemens AGSingapore Technologies Electronics LimitedTeleste CorporationThalesToshiba CorporationAdvantech Co., LtdHuawei TechnologiesCiscoTE Connectivity
