Passenger Information System Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021

Description

The passenger information system market is growing due to an increase in demand from transit agencies to provide trustworthy and accurate real-time transit information to passengers. Furthermore, developments in the telecommunications industry, which have enabled quicker data transfer capabilities, a spike in IoT usage in the transportation sector, and an increase in demand for intelligent transportation systems are all driving the market forward. Furthermore, the increased adoption of cloud and big data technologies is likely to give lucrative market growth possibilities.

According to a new survey conducted by Fairfield Market Research, the global passenger information system market was valued at US$19,264 million in 2018 and is predicted to reach US$42,027 million by 2026, with a CAGR of 11.9 percent between 2021 and 2026.

The increase in COVID-19 cases has dealt a huge blow to the transportation industry, which has harmed the expansion of the PIS market. With most countries adopting isolation policies, the transportation industry has seen a significant drop across all means of transportation. However, IoT applications are still generating new revenue sources by allowing for real-time vehicle tracking and passenger monitoring data. Traveller monitoring feeds assist in determining whether a passenger needs to be quarantined based on their travel histories.

Important Trends in the Global Passenger Information System Market

According to the US Department of Transportation, the state invested a total of US$63.9 billion in major transportation infrastructure projects around the country in 2018.

The European Union (EU) has made large investments in transportation infrastructure worth US$390.0 billion under its Cohesion policy (2004-2020).

According to recent IATA projections, the annual damage to the airline sector as a result of the COVID-19 pandemic is likely to reach over US$200+ billion. However, as global limitations on the travel sector and public transportation systems loosen, the utility of passenger information systems is expected to increase after 2022.

Transport Agencies are Increasingly Investing in Passenger Retention Projects Benefitting Global Market

Owing to the widespread use of smartphones, mobile application-based passenger information systems are fast gaining momentum. To attract customers and offer them with rapid and reliable real-time information via the smartphone channel, transit agencies are focused on PIS mobile applications. The public transportation industry is currently working to improve overall operating efficiency and passenger retention. This can be accomplished by improving consumer or passenger satisfaction. Transport service providers are modernizing their information systems to provide new features such as real-time data availability and in-transit network connectivity in order to improve passenger satisfaction. Passengers can now get real-time tailored travel information due to the improved PIS.

Few competitors in the passenger information system market include: Advantech Co., Ltd., Mitsubishi Electric Corporation, Toshiba Infrastructure Systems & Solutions Corporation, Medha Servo Drives Private Limited, Tattile, Quester Tangent, Thales Group, Teleste Corporation, Masstrans, Televic Group NV, Cubic Corporation, Siemens Mobility, Kentkart, Lunetta, ST Engineering, Icon Multimedia, ALSTOM, and r2P GmbH.

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1. Executive Summary

1.1. Global Passenger Information System Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions
2.2. Market Taxonomy
2.3. Market Dynamics
- 2.3.1. Drivers
- 2.3.2. Restraints
2.4. Value Chain Analysis
2.5. Porter's Five Forces Analysis
2.6. Covid-19 Impact Analysis
2.7. Key Patents

3. Global Passenger Information System Market Outlook, 2018-2026

3.1. Global Passenger Information System Market Outlook, by Location Type, Value (US$ '000), 2018-2026
- 3.1.1. Key Highlights
  - 3.1.1.1. On-Board
  - 3.1.1.2. In Station
- 3.1.2. BPS Analysis/Market Attractiveness Analysis
3.2. Global Passenger Information System Market Outlook, by Solution, Value (US$ '000), 2018-2026
- 3.2.1. Key Highlights
  - 3.2.1.1. Information Display System
  - 3.2.1.2. Announcement System
  - 3.2.1.3. Infotainment System
  - 3.2.1.4. Passenger Information Mobile Applications
  - 3.2.1.5. Emergency Communication Systems
- 3.2.2. BPS Analysis/Market Attractiveness Analysis
3.3. Global Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 3.3.1. Key Highlights
- 3.3.2. Hardware
- 3.3.3. Software
- 3.3.4. Services
  - 3.3.4.1. Training Support & Maintenance
  - 3.3.4.2. Consulting & Integration
3.4. Services BPS Analysis/Market Attractiveness Analysis
3.5. Global Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 3.5.1. Key Highlights
  - 3.5.1.1. Airways & Waterways
  - 3.5.1.2. Railway
    - 3.5.1.2.1. Trains
    - 3.5.1.2.2. Trams
    - 3.5.1.1.3. Roadway
3.6. Services BPS Analysis/Market Attractiveness Analysis
3.7. Global Passenger Information System Market Outlook, by Region, Value (US$ '000), 2018-2026
- 3.7.1. Key Highlights
  - 3.7.1.1. North America
  - 3.7.1.2. Europe
  - 3.7.1.3. Asia Pacific
  - 3.7.1.4. Latin America
  - 3.7.1.5. Middle East & Africa
- 3.7.2. BPS Analysis/Market Attractiveness Analysis

4. North America Passenger Information System Market Outlook, 2018-2026

4.1. North America Passenger Information System Market Outlook, by Location Type, Value (US$ '000), 2018-2026
- 4.1.1. Key Highlights
  - 4.1.1.1. On-Board
  - 4.1.1.2. In Station
- 4.1.2. BPS Analysis/Market Attractiveness Analysis
4.2. North America Passenger Information System Market Outlook, by Solution, Value (US$ '000), 2018-2026
- 4.2.1. Key Highlights
  - 4.2.1.1. Information Display System
  - 4.2.1.2. Announcement System
  - 4.2.1.3. Infotainment System
  - 4.2.1.4. Passenger Information Mobile Applications
  - 4.2.1.5. Emergency Communication Systems
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 4.3.1. Key Highlights
- 4.3.2. Hardware
- 4.3.3. Software
- 4.3.4. Services
  - 4.3.4.1. Training Support & Maintenance
  - 4.3.4.2. Consulting & Integration
4.4. Services BPS Analysis/Market Attractiveness Analysis
4.5. North America Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 4.5.1. Key Highlights
  - 4.5.1.1. Airways & Waterways
  - 4.5.1.2. Railway
    - 4.5.1.2.1. Trains
    - 4.5.1.2.2. Trams
  - 4.5.1.3. Roadway
- 4.5.2. Services BPS Analysis/Market Attractiveness Analysis
4.6. North America Passenger Information System Market Outlook, by Country, Value (US$ '000), 2018-2026
- 4.6.1. Key Highlights
  - 4.6.1.1. U.S. Passenger Information System Market by Value (US$ '000), 2018-2026
  - 4.6.1.2. Canada Passenger Information System Market by Value (US$ '000), 2018-2026
- 4.6.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Passenger Information System Market Outlook, 2018-2026

5.1. Europe Passenger Information System Market Outlook, by Location Type, Value (US$ '000), 2018-2026
- 5.1.1. Key Highlights
  - 5.1.1.1. On-Board
  - 5.1.1.2. In Station
- 5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Europe Passenger Information System Market Outlook, by Solution, Value (US$ '000), 2018-2026
- 5.2.1. Key Highlights
  - 5.2.1.1. Information Display System
  - 5.2.1.2. Announcement System
  - 5.2.1.3. Infotainment System
  - 5.2.1.4. Passenger Information Mobile Applications
  - 5.2.1.5. Emergency Communication Systems
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 5.3.1. Key Highlights
- 5.3.2. Hardware
- 5.3.3. Software
- 5.3.4. Services
  - 5.3.4.1. Training Support & Maintenance
  - 5.3.4.2. Consulting & Integration
5.4. Services BPS Analysis/Market Attractiveness Analysis
5.5. Europe Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 5.5.1. Key Highlights
  - 5.5.1.1. Airways & Waterways
  - 5.5.1.2. Railway
    - 5.5.1.2.1. Trains
    - 5.5.1.2.2. Trams
  - 5.5.1.3. Roadway
- 5.5.2. Services BPS Analysis/Market Attractiveness Analysis
5.6. Europe Passenger Information System Market Outlook, by Country, Value (US$ '000), 2018-2026
- 5.6.1. Key Highlights
  - 5.6.1.1. Germany Passenger Information System Market by Value (US$ '000), 2018-2026
  - 5.6.1.2. France Passenger Information System Market by Product, Value (US$ '000), 2018-2026
  - 5.6.1.3. U.K. Passenger Information System Market by Value (US$ '000), 2018-2026
  - 5.6.1.4. Italy Passenger Information System Market by Value (US$ '000), 2018-2026
  - 5.6.1.5. Spain Passenger Information System Market by Product, Value (US$ '000), 2018-2026
  - 5.6.1.6. Rest of Europe Passenger Information System Market Value (US$ '000), 2018-2026
- 5.6.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Passenger Information System Market Outlook, 2018-2026

6.1. Asia Pacific Passenger Information System Market Outlook, by Location Type, Value (US$ '000), 2018-2026
- 6.1.1. Key Highlights
  - 6.1.1.1. On-Board
  - 6.1.1.2. In Station
- 6.1.2. BPS Analysis/Market Attractiveness Analysis
6.2. Asia Pacific Passenger Information System Market Outlook, by Solution, Value (US$ '000), 2018-2026
- 6.2.1. Key Highlights
  - 6.2.1.1. Information Display System
  - 6.2.1.2. Announcement System
  - 6.2.1.3. Infotainment System
  - 6.2.1.4. Passenger Information Mobile Applications
  - 6.2.1.5. Emergency Communication Systems
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 6.3.1. Key Highlights
- 6.3.2. Hardware
- 6.3.3. Software
- 6.3.4. Services
  - 6.3.4.1. Training Support & Maintenance
  - 6.3.4.2. Consulting & Integration
6.4. Services BPS Analysis/Market Attractiveness Analysis
6.5. Asia Pacific Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 6.5.1. Key Highlights
  - 6.5.1.1. Airways & Waterways
  - 6.5.1.2. Railway
    - 6.5.1.2.1. Trains
    - 6.5.1.2.2. Trams
  - 6.5.1.3. Roadway
- 6.5.2. Services BPS Analysis/Market Attractiveness Analysis
6.6. Asia Pacific Passenger Information System Market Outlook, by Country, Value (US$ '000), 2018-2026
- 6.6.1. Key Highlights
  - 6.6.1.1. India Passenger Information System Market by Value (US$ '000), 2018-2026
  - 6.6.1.2. China Passenger Information System Market by Value (US$ '000), 2018-2026
  - 6.6.1.3. Japan Passenger Information System Market by Value (US$ '000), 2018-2026
  - 6.6.1.4. Australia & New Zealand Passenger Information System Market Value (US$ '000), 2018-2026
  - 6.6.1.5. Rest of Asia Pacific Market by Value (US$ '000), 2018-2026
- 6.6.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Passenger Information System Market Outlook, 2018-2026

7.1. Latin America Passenger Information System Market Outlook, by Location Type, Value (US$ '000), 2018-2026
- 7.1.1. Key Highlights
  - 7.1.1.1. On-Board
  - 7.1.1.2. In Station
- 7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Latin America Passenger Information System Market Outlook, by Solution, Value (US$ '000), 2018-2026
- 7.2.1. Key Highlights
  - 7.2.1.1. Information Display System
  - 7.2.1.2. Announcement System
  - 7.2.1.3. Infotainment System
  - 7.2.1.4. Passenger Information Mobile Applications
  - 7.2.1.5. Emergency Communication Systems
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 7.3.1. Key Highlights
- 7.3.2. Hardware
- 7.3.3. Software
- 7.3.4. Services
  - 7.3.4.1. Training Support & Maintenance
  - 7.3.4.2. Consulting & Integration
7.4. Services BPS Analysis/Market Attractiveness Analysis
7.5. Latin America Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 7.5.1. Key Highlights
  - 7.5.1.1. Airways & Waterways
  - 7.5.1.2. Railway
    - 7.5.1.2.1. Trains
    - 7.5.1.2.2. Trams
  - 7.5.1.3. Roadway
- 7.5.2. Services BPS Analysis/Market Attractiveness Analysis
7.6. Latin America Passenger Information System Market Outlook, by Country, Value (US$ '000), 2018-2026
- 7.6.1. Key Highlights
  - 7.6.1.1. Brazil Passenger Information System Market by Value (US$ '000), 2018-2026
  - 7.6.1.2. Mexico Passenger Information System Market by Value (US$ '000), 2018-2026
  - 7.6.1.3. Rest of Latin America Passenger Information System Market by Value (US$ '000), 2018-2026
- 7.6.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Passenger Information System Market Outlook, 2018-2026

8.1. Middle East & Africa Passenger Information System Market Outlook, by Location Type, Value (US$ '000), 2018-2026
- 8.1.1. Key Highlights
  - 8.1.1.1. On-Board
  - 8.1.1.2. In Station
- 8.1.2. BPS Analysis/Market Attractiveness Analysis
8.2. Middle East & Africa Passenger Information System Market Outlook, by Solution, Value (US$ '000), 2018-2026
- 8.2.1. Key Highlights
  - 8.2.1.1. Information Display System
  - 8.2.1.2. Announcement System
  - 8.2.1.3. Infotainment System
  - 8.2.1.4. Passenger Information Mobile Applications
  - 8.2.1.5. Emergency Communication Systems
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 8.3.1. Key Highlights
- 8.3.2. Hardware
- 8.3.3. Software
- 8.3.4. Services
  - 8.3.4.1. Training Support & Maintenance
  - 8.3.4.2. Consulting & Integration
8.4. Services BPS Analysis/Market Attractiveness Analysis
8.5. Middle East & Africa Passenger Information System Market Outlook, by Components, Value (US$ '000), 2018-2026
- 8.5.1. Key Highlights
  - 8.5.1.1. Airways & Waterways
  - 8.5.1.2. Railway
    - 8.5.1.2.1. Trains
    - 8.5.1.2.2. Trams
  - 8.5.1.3. Roadway
- 8.5.2. Services BPS Analysis/Market Attractiveness Analysis
8.6. Middle East & Africa Passenger Information System Market Outlook, by Country, Value (US$ '000), 2018-2026
- 8.6.1. Key Highlights
  - 8.6.1.1. GCC Passenger Information System Market by Value (US$ '000), 2018-2026
  - 8.6.1.2. South Africa Passenger Information System Market by Value (US$ '000), 2018-2026
  - 8.6.1.3. Rest of Middle East & Africa Passenger Information System Market by Value (US$ '000), 2018-2026
- 8.6.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2019
9.2. Company Profiles
- 9.2.1. Advantech
  - 9.2.1.1. Company Overview
  - 9.2.1.2. Key Retailing Partners
  - 9.2.1.3. Business Segment Revenue
  - 9.2.1.4. Ingredient Overview
  - 9.2.1.5. Product Offering & its Presence
  - 9.2.1.6. Certifications & Claims
- 9.2.2. Alstom
  - 9.2.2.1. Company Overview
  - 9.2.2.2. Key Retailing Partners
  - 9.2.2.3. Business Segment Revenue
  - 9.2.2.4. Ingredient Overview
  - 9.2.2.5. Product Offering & its Presence
  - 9.2.2.6. Certifications & Claims
- 9.2.3. Wabtech
  - 9.2.3.1. Company Overview
  - 9.2.3.2. Key Retailing Partners
  - 9.2.3.3. Business Segment Revenue
  - 9.2.3.4. Ingredient Overview
  - 9.2.3.5. Product Offering & its Presence
  - 9.2.3.6. Certifications & Claims
- 9.2.4. Hitachi
- 9.2.5. Huawei
- 9.2.6. Thales
- 9.2.7. Teleste
- 9.2.8. Televic
- 9.2.9. Quester Tangent
- 9.2.10. Passio Technologies

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Passenger Information System Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021 - 2026)