MarketsandMarkets forecasts the global Passenger Information System market size to grow from USD 23.8 billion in 2020 to USD 42.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period. The major growth drivers of the market include the growing demand for consistent, real-time, and reliable passenger information; increasing use of smartphones with enhanced connectivity to improve transit experience; and rising frequency of passenger journeys through public transport.

Among solutions, the display system segment to have the largest market size during the forecast period

Based on solutions, the Passenger Information System market is segmented into display systems, announcement systems, emergency communication systems, infotainment systems, mobile applications, and others (passenger counting systems and video monitoring systems). The display system is expected to have the highest market share during the forecast period. Display systems are used to display real-time visual information for passengers at stations or onboard vehicles. Information such as news, arrival and departure time, advertisements, safety and emergency messages, and entertainment content can be displayed for the effective and immediate delivery of the information to passengers.

Based on mode of transportation, the roadways segment to grow at a rapid pace during the forecast period

On the basis of mode of transportation, the Passenger Information System market is segmented into railways, roadways, and airways and waterways. Significant growth in the volume of vehicular traffic across the world over the last couple of decades and the inability of existing transport infrastructure to support the same has led to a rising focus on the importance of monitoring and managing vehicular movement and ensuring smooth flow of traffic. Roadways is the primary mode of public transportation in various countries, such as the US, Canada, Germany, the UK, China, India, and Australia. There are a large number of buses in the transportation sector and PIS solutions are increasingly being adopted in roadways for reliable and safe service offerings and to enhance the overall transit operations.

Among regions, North America to hold the largest market size during the forecast period

Among regions, North America is dominating the Passenger Information System market, as North America is considered to be the most advanced region with regards to cutting-edge technology adoption and network infrastructure. Governments in this region are taking initiatives to digitalize and upgrade the information system across the public transport sector. In addition, most of the transport sectors have implemented PIS solutions and services in the region on a large scale as the network connectivity is available in every corner. Growing ridership in public transport is also fueling the demand for PIS solutions in North America.

Key Passenger Information System market players

Major vendors in the global Passenger Information System market include Advantech (Taiwan), Alstom (France), Wabtec (US), Cubic (US), Cisco (US), Siemens (Germany), Hitachi (Japan), Huawei (China), Thales (France), Teleste (Finland), Mitsubishi Electric (Japan), ST Engineering (Singapore), Dysten (Poland), Televic (Belgium), Lunetta (India), r2p (Germany), Indra (Spain), ICON Multimedia (Spain), Passio Technologies (US), LANCom (Slovenia), and Simpleway (Czech Republic). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the global market.

Advantech (Taiwan) is a leading provider of solutions and services for the transportation industry. The company manufactures applied and industrial computers and embedded computing modules. It operates through the Industrial Internet of Thing (IIoT) services, embedded boards and design-in services, allied Design Manufacture Services (DMS), global customer services such as Advanced Planning and Scheduling (APS) and Advanced Global Solution (AGS), intelligent services, and other business segments. The company�s offerings include Artificial Intelligence (AI) and Internet of Things (IoT) solutions, gaming platform solutions, embedded software, fanless embedded computers, industrial display systems, motherboards, industrial flash and memory solutions, embedded Personal Computers (PCs) and single-board computers. In the Passenger Information System market, Advantech offers strong products and solutions for the transportation industry and majorly focuses on railway transportation. It provides a range of rolling stock applications, including PIS, Closed-Circuit Television (CCTV) surveillance system, ethernet train networks, and Vehicle Monitoring System (VMS). The PIS solutions offered by the company provide real-time updates and information about the journey and the CCTV solutions help maintain higher security and safety of railway travel. The solutions offered by Advantech are certified by EN50155 and EN50121-4 standards.

Scope of the Passenger Information System Market Report

Report Metrics Details Market size available for years 2018�2025 Base year considered 2019 Forecast period 2020�2025 Forecast units Billion (USD) Segments covered Component, Location, Mode of Transportation, and Region Geographies covered North America, Europe, APAC, Latin America, and MEA Companies covered Advantech (Taiwan), Alstom (France), Wabtec (US), Cubic (US), Cisco (US), Siemens (Germany), Hitachi (Japan), Huawei (China), Thales (France), Teleste (Finland), Mitsubishi Electric (Japan), ST Engineering (Singapore), Dysten (Poland), Televic (Belgium), Lunetta (India), r2p (Germany), Indra (Spain), ICON Multimedia (Spain), Passio Technologies (US), LANCom (Slovenia), and Simpleway (Czech Republic)

This research report categorizes the market based on component, location, mode of transportation, and region.

By Component:

Solutions Display Systems Announcement Systems Infotainment Systems Mobile Applications Emergency Communication Systems Others (Passenger counting systems and video monitoring systems)

Services Consulting and Integration Training, Support and Maintenance



Passenger Information System Market By Location:

On board

In station

By Mode of Transportation:

Railways

Trains

Trams

Roadways

Airways and Waterways

By Region:

North America US Canada

Europe UK Germany France Rest of Europe

Asia Pacific (APAC) China India Rest of APAC

Middle East and Africa (MEA) United Arab Emirates (UAE) South Africa Rest of MEA

Latin America Brazil Rest of Latin America



Recent Developments

In November 2019, Alstom signed a contract with Northwest Rapid Transit (NRT) Consortium to supply signaling systems and rolling stock for the Sydney Metro, Sydney Metro City and Southwest projects. As per the contract, Alstom is accountable for project management, design, supply, manufacturing, testing, and commissioning of 23 metropolis trains Communication-Based Train Control (CBTC) signalling systems.

In October 2019, Cubic collaborated with Google to integrate contactless transit cards with Google Pay. This collaboration provides the customers with new tools to manage their transit cards and use Google Pay to purchase tickets, eliminating physical transit cards.

In February 2019, Wabtec merged with GE Transportation. The merger will complement both the company�s portfolios and create leading equipment, aftermarket services, and digital solutions. It will also accelerate the path to automation across the transportation sector.

Critical questions the report answers

What are the current trends driving the Passenger Information System market?

In which mode of transportation most of the transit agencies are offering Passenger Information System solutions and services?

Where will all these developments take the industry in the mid- to long-term?

Who are the top vendors in the market, and what is their competitive analysis?

What are the drivers and challenges faced by vendors of the market?

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