IMARC Group, a leading market research company, has recently released a report titled, “ Passenger Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” The study provides a detailed analysis of the industry, including the global passenger information system market growth , size, share and trends forecasts.

Report Highlights

How big is the passenger information system market?

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.

What is passenger information system?

Passenger information system (PIS) refers to a digital information system that allows real-time monitoring, tracking, and easy handling of passenger data. providing the route and destination of vehicles. 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.

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What are the growth prospects and trends in the passenger information system industry?

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. growing adoption of the internet of things (IoT), cloud, and big data solutions in the transportation sector are offering a positive market outlook. 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.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Mode of Transport:

• Airways
• Railways
• Roadways

Breakup by Components:

• 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

Who are the key players operating in the industry?

The report covers the major market players including:

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

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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.

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