The Passenger Information System Market is projected to reach USD 26,394 million by 2027, growing at a CAGR of 10.9% over the forecast period (2020-2027).

The factors driving the growth of the Passenger Information System Market includes increasing demand for intelligent transportation systems, rising in the number of smart cities, growing penetration of smartphones and improvements in the living standards of people across the globe. Moreover, rising adoption of advanced technologies such as Cloud Computing, Big Data Analytics, and Internet of Things (IoT), Government regulations encouraging digitalization, increasing new product launch, and rapid urbanization, are further boosting the market growth. In addition, the increasing investments by major corporations on research and development, strategic mergers and collaborations between companies, and growing population growth rates, are further contributing towards the market growth.

However, growth of the Passenger Information System Market is hindered attributed to its high maintenance costs.

The leading players operating in the market are ST Engineering, Teleste Corporation, Mitsubishi Electric, Cisco Systems, Inc., Alstom SA, Cubic Corporation, Wabtec Corporation, Hitachi, Ltd., Advantech Co., Ltd., Huawei Technologies Co., Ltd., Siemens AG, Thales Group, Televic, Dysten and Lunetta among others.

Based on Component, the Solution segment is predicted to grow at a significant CAGR during the forecast period

Growing adoption of passenger information display systems because it provides information such as departure & arrival time, safety & emergency messages, and news, is pushing segment’s growth.

Based on Mode of Transportation, the Roadways segment is projected to grow at a robust CAGR over the forecast period

Emerging need for managing the movement of vehicles and rise in the number of passengers travelling through roadway transport systems, are propelling segment’s growth.

Based on Region, the North America region is predicted to capture the largest market share during the forecast period

As per the Passenger Information System Market Forecast, presence of the leading players such as Cubic Corporation, and Cisco Systems, Inc., growing adoption of advanced technologies, rising population growth rates and high disposable income, are factors augmenting the market growth in North America.

Key Developments

  • In 2019, Huawei Technologies Co., Ltd., launched Urban Rail Light Cloud, a 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 completed the acquisition of 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.

Market Segmentation

Segmentation by Component

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

Segmentation by Location

  • In Station
  • On Board

Segmentation by Mode of Transportation

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

Segmentation by Functional Model

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

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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