Passenger Information System Market to be led by Increasing Adoption of Smartphones across the Globe Through 2028
The Rise in Adoption of Cloud & Big Data Technologies is driving
the implementation of the Passenger Information System market across the Globe.
According to TechSci Research report, “Passenger Information System Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”The
global passenger information system (PIS) market is experiencing substantial
growth as technological advancements and increasing urbanization reshape the
transportation landscape. PIS, a crucial component of modern public
transportation systems, is designed to enhance passenger experience, optimize
operations, and improve overall efficiency. The system encompasses a range of
real-time information dissemination solutions, including digital displays,
announcement systems, mobile applications, and interactive kiosks, that provide
passengers with up-to-the-minute details on routes, schedules, delays, and
other pertinent travel information. One of the key drivers propelling the
growth of the PIS market is the rising demand for seamless and personalized
travel experiences. As urban populations grow, and public transportation
becomes an integral part of daily life, commuters and travelers seek real-time
updates to plan their journeys effectively. PIS meets this demand by delivering
accurate and timely information, reducing uncertainty and stress for
passengers.
In addition, the global push towards smart cities and sustainable urban
mobility solutions has fueled the adoption of advanced PIS technologies. These
systems enable transportation authorities to optimize fleet management, reduce
congestion, and minimize carbon emissions. By providing passengers with
insights into alternative routes and modes of transport, PIS encourages the use
of public transportation, ultimately contributing to the reduction of
individual vehicle usage and its associated environmental impact. The
integration of Internet of Things (IoT) and artificial intelligence (AI)
technologies further accelerates the PIS market's growth. IoT sensors and data
analytics allow transportation operators to monitor vehicle performance,
passenger flow, and service disruptions in real time. AI-powered algorithms
analyze this data to predict service disruptions, optimize schedules, and
enhance operational efficiency, leading to improved service reliability and
customer satisfaction. However, challenges remain in the PIS market, including
interoperability issues between different transportation modes and technology
standards.
Ensuring seamless information exchange between buses, trains, trams, and other
forms of public transport can be complex, hindering the full potential of PIS. Moreover,
data security and privacy concerns must be addressed to safeguard passengers’ personal
information while providing them with real-time updates. As cities worldwide
continue to invest in smart mobility initiatives, PIS plays a pivotal role in
shaping the future of urban transportation. By offering travelers accurate
information, minimizing travel disruptions, and contributing to sustainable
urban development, PIS is poised to play a central role in revolutionizing the
way people navigate and experience public transportation systems.
Browse over XX market data Figures spread through XX Pages
and an in-depth TOC on the "Global Passenger Information SystemMarket."
Global Passenger Information System Market is
segmented into component, location, solution type, mode of transportation. Based
on component, the market is segmented into hardware, software, service. Based
on location, the market is bifurcated into on board, in station. Based on solution
type, the market is segmented into passenger information display systems, passenger
information announcement systems, emergency communication systems, infotainment
systems, passenger information mobile application. Based on mode of transportation, the market is
further split into railways, roadways, airways, waterways.
Based on solution type, the passenger information display systems solution type
stands out as the linchpin of this dynamic landscape, maintaining unwavering
dominance throughout the projected timeframe. This preeminence is attributed to
the pivotal role these systems play in shaping the passenger experience.
Passenger information display systems, with their strategically placed digital
signage and information boards, serve as the visual interface connecting
travelers with vital real-time updates on schedules, routes, and service
disruptions. This immediate access to accurate information significantly
enhances passenger convenience, reduces uncertainty, and empowers travelers to
make informed decisions. Furthermore, the clear and dynamic presentation of
data through display systems transforms transportation hubs into efficient,
user-centric environments. As the digital age redefines the way passengers
interact with travel information, the enduring dominance of passenger
information display systems underscores their indispensable status in
modernizing and optimizing public transportation networks. With the perpetual
quest for seamless, data-driven travel experiences, passenger information
display systems are poised to remain at the forefront of innovation, ensuring a
dynamic and passenger-centric evolution of the global PIS market.
Based on mode of transportation, railways hold the dominating segment
throughout the forecast period. This dominance can be attributed to several
intrinsic characteristics of railway travel that synergize seamlessly with the
capabilities of PIS. Railways serve as a vital backbone of public
transportation infrastructures in many regions, offering an efficient,
sustainable, and cost-effective means of both urban and intercity travel. The
integration of PIS with railways holds substantial potential for enhancing the
overall passenger experience by delivering real-time updates on train
schedules, platforms, potential delays, and connecting services. This fluid and
accurate information dissemination not only fosters greater passenger
convenience and minimizes wait times but also addresses the common frustrations
associated with travel uncertainties. Moreover, the established nature of
railway networks in numerous countries provides a conducive environment for the
implementation and integration of sophisticated PIS technologies. As
urbanization escalates and underscores the urgency for efficient and
environmentally conscious transportation solutions, the symbiotic relationship
between PIS and railways solidifies its pivotal role in modernizing and
optimizing public transit systems. This alignment further bolsters the
accessibility, reliability, and passenger-centric focus of rail travel,
reinforcing railways as the predominant mode driving the evolution of the
global passenger information system market.
Key market players in the global passenger information system
market include:
- Huawei
Technologies Co., Ltd.
- Thales
Group
- Advantech
Co., Ltd.
- Wabtec
Corporation
- Cubic
Transportation Systems
- Siemens AG
- Alstom Transport
SA
- Cisco
Systems, Inc.
- Hitachi,
Ltd.
- TE
Connectivity Corporation
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“North America holds a significant position in the global passenger
information system (PIS) market, driven by a combination of factors that
highlight its leadership in technological advancement, robust transportation
infrastructure, and dedication to enhancing passenger experiences. The region's
advanced technological ecosystem, characterized by widespread internet access
and cutting-edge digital solutions, facilitates the seamless incorporation of
PIS across diverse transportation modes. In addition, North America boasts an
extensive and well-established transportation network encompassing railways,
roadways, airways, and urban transit systems, providing an ideal foundation for
the integration of sophisticated PIS technologies. Moreover, North America's
forward-thinking smart city initiatives align seamlessly with the objectives of
PIS adoption. Cities throughout the region prioritize efficient and
interconnected urban mobility, positioning PIS as a pivotal tool for optimizing
travel, alleviating congestion, and promoting environmentally sustainable
transportation choices. The region's focus on enhancing passenger satisfaction,
safety, and convenience propels the demand for real-time information
dissemination through PIS platforms, creating an environment conducive to
market expansion.
Furthermore, North America's competitive business
environment, along with the presence of industry-leading technology firms,
pioneering startups, and research institutions, contributes to the continual
growth and evolution of PIS solutions. This collaborative ecosystem fosters
innovation, drives partnerships, and expedites the deployment of cutting-edge
passenger information technologies. In essence, North America's comprehensive
strengths underscore its influential position in the global PIS market, driving
the transformation of urban transportation and elevating the overall quality of
travel experiences for passengers,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Passenger Information System Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Component
(Hardware, Software, Service), By Location (On Board, In Station), By Solution
Type (Passenger Information Display Systems, Passenger Information Announcement
Systems, Emergency Communication Systems, Infotainment Systems, Passenger
Information Mobile Application), By Mode of Transportation (Railways, Roadways,
Airways, Waterways), By Region, Competition”, has
evaluated the future growth potential of passenger information system and provides
statistics and information on market structure, size, share, and future growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the global passenger information system market.
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