Passenger Information System Market Size to Reach US$ 46.0 Billion By 2028

Passenger Information System Market Size to Reach US$ 46.0 Billion By 2028
Passenger Information System Market Research & Forecast Report 2023-2028
The global passenger information system market size reached US$ 23.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.51% during 2023-2028.

According to the latest report by IMARC Group, titled, “Passenger Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” Offers a comprehensive analysis of the industry, which comprises insights on the passenger information system market trends. The global passenger information system market size reached US$ 23.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.51% during 2023-2028.

Market Overview:

Passenger information system (PIS) refers to a digital information system that allows real-time monitoring, tracking, and easy handling of passenger data. It is utilized to forecast arrival and departure times and analyze delays and disturbances. It assists passengers in measuring punctuality and regularity of public transport, enhancing customer satisfaction, and providing the route and destination of vehicles. It also offers information about stations covered, emergency contact numbers, services provided inside the vehicle, and previous and upcoming stations. It aids in reducing complaints, providing high functional reliability, and improving traveling comfort. As a result, PIS is widely utilized in various transportation, such as airways, railways, and roadways, across the globe.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/passenger-information-system-market/requestsample

Passenger Information System Market Trends and Drivers:

At present, the rising demand for intelligent public transportation systems among the masses that provide real-time transit information to passengers represents one of the primary factors supporting the market growth. Besides this, the growing adoption of the internet of things (IoT), cloud, and big data solutions in the transportation sector are offering a positive market outlook. Apart from this, technological advancements in the telecommunication industry to facilitate fast data transfer are positively influencing the market. Moreover, the rising demand for mobile application-based PIS due to the increasing adoption of smartphones around the world is strengthening the growth of the market.

Passenger Information System Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Advantech Co. Ltd.
  • Cisco Systems Inc.
  • Cubic Corporation
  • Hitachi Ltd.
  • Huawei
  • Indra Sistemas S.A.
  • Infax Inc.
  • Mitsubishi Electric Corp.
  • Passio Technologies
  • Siemens
  • Teleste Oyj.

The report has segmented the market on the basis of Mode of Transport, Component, System Type, Location and Region.

Breakup by Mode of Transport:

  • Airways
  • Railways
  • Roadways

Breakup by Component:

  • Hardware and Software
  • Services

Breakup by System Type:

  • Multimedia Displays
  • Audio Systems
  • Computing Systems
  • Networking and Communication Devices
  • Video Surveillance Systems
  • Content Management System
  • Others

Breakup by Location:

  • On Board
  • In Station

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=2369&flag=C

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Top Trending Reports:

Airport Moving Walkway System Market Report- http://bit.ly/3y1pKTd

Data Wrangling Market Report- https://bit.ly/2Vkgbip

Security Testing Market Report- https://bit.ly/3jaDGU9

Insurance Analytics Market Report- https://bit.ly/3dlRaZp

Smart Stadium Market Report- https://bit.ly/3BdnCHg

Managed Print Services Market Report- https://bit.ly/3BbPA6k

App Analytics Market Report- https://bit.ly/2XPfvCp

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com