Passenger Information System Market Analysis, Recent Trends and Regional Growth Forecast by 2027 – Ripon College Days
The global Passenger Information System market size reached US$ 21.2 billion in 2021. Going forward, the market is projected to reach US$ 41.6 billion by 2027, with a CAGR of 11.7% in 2022-2027, according to the latest report from the IMARC group. .
A passenger information system (SIP) is a communication platform between a transit agency and passengers. It is also known as a customer information system and provides riders with real-time public transport information via voice, visual or other media. PIS helps to obtain data on schedules, entertainment, news broadcasts and emergency communication services. With this in mind, it allows passengers to obtain relevant information on the status of the various means of transport and enables them to better plan their journeys.
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The report has also analyzed the competitive landscape of the market with some of the major players being Advantech Co. Ltd., Cisco Systems Inc., Cubic Corporation, Hitachi Ltd., Huawei, Indra Sistemas SA, Infax Inc., Mitsubishi Electric Corp. , Passio Technologies, Siemens and Teleste Oyj.
Growing passenger demand for receiving reliable and accurate real-time transit information is propelling the growth of the passenger information system market. Moreover, the growing adoption of intelligent transportation systems along with the growing advancements in the telecommunications industry to enable faster data transfer capabilities, are also driving the demand for the passenger information system. Additionally, the numerous technological advancements, such as Internet of Things (IoT), cloud computing and big data analytics, in the transportation industry are also driving the sales of passenger information systems across the world.
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The report has segmented the market based on transportation mode, component, system type, location and region.
Breakdown by mode of transport:
- Airlines companies
Breakdown by component:
- Hardware and software
Breakdown by type of system:
- Multimedia displays
- Audio systems
- Informatic Systems
- Networking and communication devices
- CCTV systems
- Content management system
Breakdown by location:
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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