The global passenger
information system (PIS) market, valued at USD 23.88 billion in 2021, is
set to grow significantly at a compound annual growth rate (CAGR) of 11.90%
during the forecast period from 2022 to 2030. This growth will lead the market
to a projected valuation of USD 65.21 billion by 2030. The expanding demand for
real-time travel information, improved passenger experiences, and the
increasing adoption of digital technologies in transportation systems are the
key factors driving the growth of the passenger information system market.
Passenger information systems play a crucial role in
enhancing the travel experience by providing real-time updates about schedules,
routes, and delays. These systems, integrated into modes of transport like
buses, trains, trams, and airports, have become indispensable in today’s
fast-paced world of urban mobility. With the rise of smart cities and the
continuous development of next-generation transportation infrastructure, the
demand for sophisticated passenger information solutions is growing rapidly.
Market Overview
The passenger information system market encompasses
technology solutions that help inform passengers about schedules, delays,
travel routes, and other essential travel details in real-time. These systems
leverage advanced digital technologies such as cloud computing, big data, IoT
(Internet of Things), and AI (Artificial Intelligence) to improve the accuracy,
timeliness, and accessibility of travel information.
As urbanization increases and the number of people relying
on public transport grows, the demand for efficient, seamless, and easily
accessible information systems becomes critical. In addition to enhancing
operational efficiency, passenger information systems also contribute to
greater passenger safety and satisfaction, making them an essential component
of modern public transport networks.
Furthermore, the growth of smart cities, the rise in
transportation infrastructure development, and the ongoing digitalization of
transportation systems are contributing to the expansion of this market. In
particular, real-time notifications regarding delays, route changes, and other
operational information are crucial to providing passengers with an improved
travel experience.
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𝐓𝐡𝐞
𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞
𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞
𝐑𝐞𝐩𝐨𝐫𝐭
𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/passenger-information-system-market
Market Segmentation
The global passenger information system market can be
segmented by technology, end-user industry, and region.
1. By Technology
- Display
Systems: This segment includes digital signage and dynamic displays,
which offer passengers real-time updates on arrival times, route
information, and any potential delays. Display systems, including LED and
LCD screens, are commonly used in transportation hubs like bus and train
stations and within vehicles themselves.
- Announcement
Systems: Announcement systems are essential for delivering real-time
voice-based updates to passengers. This technology is typically used
alongside display systems and helps ensure that passengers receive timely
notifications about their travel schedules, delays, and other important
information.
- Data
Management Systems: These systems help manage the data required for
processing and transmitting travel information to passengers. They collect
and analyze data from various sources, including transportation vehicles
and infrastructure, to deliver real-time updates across various platforms.
- Mobile
Applications: With the growing use of smartphones, mobile applications
are increasingly becoming a major medium for delivering passenger
information. These apps provide real-time updates, GPS-based route
tracking, booking services, and more to enhance the convenience of travel
for users.
- Integrated
Communication Systems: Integrated communication systems combine
various technologies (displays, announcements, mobile apps) into a single
unified platform, providing a seamless travel experience. This integration
facilitates the efficient management and dissemination of travel-related
information.
2. By End-User Industry
- Public
Transport: The public transportation sector is a dominant end-user of
passenger information systems, as it requires efficient and reliable
communication channels for informing passengers about travel schedules,
delays, and route changes. This includes buses, trains, trams, and metro
services.
- Airports:
Passenger information systems are extensively used in airports to provide
real-time flight information, baggage tracking, gate changes, security
alerts, and more. As air travel continues to grow, the demand for
efficient and accurate passenger information systems in airports is on the
rise.
- Railways:
Railway stations and train operators are key adopters of passenger
information systems. These systems are used to provide information on
train arrivals, departures, delays, platform changes, and other essential
travel details to passengers.
- Others:
Other industries utilizing passenger information systems include marine
transport, taxi services, and ridesharing platforms, which require
communication systems to relay real-time information to passengers about
their travel status and location.
3. By Region
- North
America: North America holds a significant share of the global
passenger information system market, driven by the well-established
transportation infrastructure and high adoption of advanced technologies.
The U.S. and Canada are key contributors to this market, with a strong
demand for smart transportation solutions in both urban and suburban
areas.
- Europe:
Europe is a major player in the passenger information system market, with
a large number of transportation networks adopting real-time communication
solutions to improve passenger experiences. The United Kingdom, Germany,
France, and other European countries are driving the market's growth in
this region due to a high focus on public transportation and smart city
development.
- Asia
Pacific: The Asia Pacific region is expected to witness the highest
growth during the forecast period. Rapid urbanization, the development of
smart cities, and increasing investment in public transportation
infrastructure in countries like China, India, and Japan are fueling the
demand for advanced passenger information systems. The adoption of these
systems in metropolitan areas and transit hubs is expected to grow
substantially.
- Rest
of the World: The Middle East, Africa, and Latin America are
witnessing steady growth in the adoption of passenger information systems,
with increasing government investments in transportation infrastructure.
Countries in the Middle East, such as the UAE and Saudi Arabia, are
embracing smart transportation technologies as part of their urban
development initiatives.
Key Trends and Technological Advancements
The passenger information system market is witnessing
several trends and innovations that are enhancing the functionality,
accessibility, and usability of these systems:
- Integration
with Smart City Initiatives: As more cities move toward becoming
"smart cities," the integration of passenger information systems
with city-wide infrastructure is increasing. Real-time information across
various transportation modes—such as buses, subways, and taxis—is now
available to passengers via mobile applications, digital displays, and
other platforms.
- Use
of Artificial Intelligence (AI) and Big Data: AI and big data are
playing a significant role in improving passenger information systems.
These technologies enable the collection and analysis of real-time data
from transportation networks, allowing for more accurate predictions about
delays, traffic conditions, and passenger flow. AI-powered systems are
also improving the accuracy of route planning and enhancing the overall
customer experience.
- Contactless
Technologies: The pandemic accelerated the adoption of contactless
technologies, including digital tickets, mobile apps, and self-service
kiosks, to minimize physical contact and improve safety. Contactless
systems are now being integrated with passenger information systems to
provide seamless travel experiences.
- Real-Time
Location Tracking: Advances in GPS and IoT technology allow for
precise tracking of vehicles and passengers. This data is integrated into
passenger information systems, providing travelers with real-time updates
on the location of buses, trains, or flights, and helping to improve the
overall travel experience.
Key Companies in the Passenger Information System Market
Several leading companies are driving growth in the
passenger information system market through their innovative products and
services. These companies are focused on enhancing the efficiency, accuracy,
and accessibility of passenger information while providing customized solutions
for various transportation modes. Key players include:
- Siemens
Mobility: Siemens Mobility is a global leader in transportation
technologies, providing advanced passenger information systems for railways,
buses, and other public transportation services. The company integrates
AI, IoT, and big data to enhance the accuracy of its systems.
- Thales
Group: Thales Group offers a comprehensive suite of passenger
information solutions, including dynamic displays, communication systems,
and mobile applications. The company is known for its smart transportation
solutions that improve the travel experience in public transportation.
- Alstom:
Alstom, a leading player in the rail transport sector, provides advanced
passenger information systems that integrate real-time data from trains
and stations to provide travelers with timely and accurate updates.
- Infodev
Electronic Designers: Infodev is a key provider of display solutions,
real-time data processing systems, and communication platforms for
transportation networks worldwide. The company focuses on improving the
passenger experience with intelligent transport systems.
- Clever
Devices: Clever Devices specializes in providing integrated passenger
information systems for buses, trains, and other modes of public
transport. Their solutions help transit agencies improve efficiency and
deliver timely information to passengers.
Conclusion
The global
passenger information system market is on track to reach a valuation of USD
65.21 billion by 2030, growing at a CAGR of 11.90%. The increasing need for
real-time information, advancements in digital technologies, and the growing
focus on smart cities and improved public transport infrastructure are key
drivers of this growth. As urban mobility evolves, the integration of
cutting-edge technologies such as AI, big data, and contactless systems will
continue to transform the passenger experience, making passenger information
systems indispensable for the transportation sector in the years ahead.
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