Scope of the Study
The passenger information system is the operating tool responsible for providing, at any time, visual and audio information to passengers at stations and transfer facilities, both automatically or programmed manually. Nowadays, increasingly connected world, rail companies need to differentiate by making their services more attractive to passengers has led to significant growth of the global passenger information system market in the forecast period.
The market study is being classified by Type (Hardware, Solutions and Services) and major geographies with country level break-up. According to AMA, the Global Passenger Information System market is expected to see growth rate of 11.89% and may see market size of USD41.85 Billion by 2025.
Advantech (Taiwan), Alstom (France), Wabtec (United States), Cubic (United States), Cisco (United States), ST Engineering (Singapore), Siemens (Germany), Mitsubishi Electric (Japan), EKE-Electronics (Finland), Atos SE (France) and Televic Group (Belgium) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Hitachi (Japan), Huawei (China), Thales (France), Teleste (Finland), Dysten (Poland), Televic (Belgium), Lunetta (India), r2p (Germany), Indra (Spain), ICON Multimedia (Spain), Passio Technologies (United States), LANCom (Slovenia) and Simpleway (Czech Republic).
The Manufacturers having a strong hold in the market are Advantech, Alstom, Wabtec, and Cubic. Research Analyst at AMA predicts that European and United States Manufacturers will contribute to the maximum growth of Global Passenger Information System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Passenger Information System market by Type, Application and Region.
On the basis of geography, the market of Passenger Information System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Consistent, Real-Time, and Reliable Passenger Information
- Increasing Use of Smartphones with Enhanced Connectivity Improves the Transit Experience
- Rising Frequency of Passenger Journey through Public Transport
- High Maintenance and Implementation Costs of Passenger Information System
- Rising Adoption of IoT and Big Data to Enhance Passenger Travel Experiences
- Poor Internet Connectivity Across Underdeveloped Economies
Market Leaders and their expansionary development strategies
On 14th October 2019, Cubic Corporation has announced its Cubic Transportation Systems (CTS) business division signed an agreement with Google to integrate contactless transit cards with Google Pay, making it fast and easy for travelers to use their mobile phones to pay for their journeys. The collaboration also provides transit agencies using Cubic’s world-leading revenue management systems with the full benefit of Google’s user experiences to increase convenience and encourage ridership.
on 25th February 2019, Wabtec Corporation has announced that it has completed its merger with GE Transportation, a former business unit of GE. This merger establishes Wabtec as a Fortune 500, global transportation and logistics leader by combining Wabtec’s broad range of freight, transit and electronics products with GE Transportation’s best-in-class equipment, services and digital solutions in the locomotive, mining, marine, stationary power, and drilling industries. Wabtec has also been notified that it will now be included in the S&P 500 Index.
Key Target AudiencePassenger Information System Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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