PUBLISHER: TechNavio | PRODUCT CODE: 1557716
PUBLISHER: TechNavio | PRODUCT CODE: 1557716
The passenger information system market is forecasted to grow by USD 32.8 bn during 2023-2028, accelerating at a CAGR of 16.87% during the forecast period. The report on the passenger information system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing availability of app-driven services for PIS, rising adoption of advanced technologies, and increase in government and private sector investments in railways.
Technavio's passenger information system market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 14.03% |
CAGR | 16.87% |
Incremental Value | $32.8bn |
By Component
By Mode Of Transportation
By Geography
This study identifies the IoT and big data driving efficiency as one of the prime reasons driving the passenger information system market growth during the next few years. Also, need for sustainable, clean, and high-speed transport and integration of AI and ML technologies will lead to sizable demand in the market.
The report on the passenger information system market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading passenger information system market vendors that include Advantech Co. Ltd., ALSTOM SA, Cisco Systems Inc., Cubic Corp., Dysten Sp. z o. o, Hitachi Ltd., Huawei Technologies Co. Ltd., ICON MULTIMEDIA SL, Indra Sistemas SA, LUNETTA Pvt. Ltd., Mitsubishi Electric Corp., Passio Technologies Inc., r2p GmbH, Rohde and Schwarz GmbH and Co. KG, Siemens AG, Singapore Technologies Engineering Ltd., Teleste Corp., Televic Group NV, Thales Group, and WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.. Also, the passenger information system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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