Global Passenger Information System Market By Component (Solution and Services), By Type (Information Display System, Announcement System, Infotainment System, Other Types), By Mode (Airway & Waterway, Railway, Roadway), By Region and Companies Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032.

Report Overview

The Global Passenger Information System Market size is expected to reach USD 92.3 billion by 2032, exhibiting an impressive CAGR of 13.5% between 2024 and 2033, from its current value of USD 30 billion in 2023.

A Passenger Information System (PIS) is a technology-driven solution that provides real-time information to passengers in various transportation systems, such as trains, buses, and airports. It is designed to enhance the overall passenger experience by delivering timely and accurate information regarding schedules, delays, service disruptions, and other relevant updates.

Imagine being at a train station and wondering when your train will arrive. The Passenger Information System comes to the rescue by displaying the expected arrival time of the train on digital screens or through audio announcements. It keeps passengers informed about any changes or delays, allowing them to plan their journey accordingly.

Note: Actual Numbers Might Vary In The Final Report

The market is primarily driven by the escalating demand for intelligent public transportation systems, along with the increasing need for accurate real-time travel information among passengers. Factors such as the rising adoption of Internet of Things (IoT), cloud and big data technologies in the transportation sector, as well as advancements in telecommunication facilitating faster data transfer capabilities, are further propelling market growth.

Key Takeaways

• Market Size and Growth Projection: The global Passenger Information System Market is anticipated to reach USD 92.3 billion by 2032, with a significant Compound Annual Growth Rate (CAGR) of 13.5% between 2024 and 2033. This marks a substantial rise from its value of USD 30 billion in 2023, reflecting the increasing demand for seamless and real-time travel information among passengers.
• Component Analysis: The Solution segment dominates the market, capturing over 75% share in 2023, serving as the backbone of the Passenger Information System by efficiently gathering, processing, and delivering critical travel information to passengers.
• Type Analysis: Information Display System holds 28% largest share, providing real-time travel updates to passengers through strategically placed screens at transportation hubs.
• Mode Analysis:
• The Roadway segment leads the market, catering to the dynamic information needs of passengers utilizing road-based transportation services, such as buses and public roadways.
• Geopolitics and Recession Impact Analysis: Geopolitical tensions can affect the market by influencing international trade and collaborations, while economic downturns may lead to reduced investments and budget constraints from transportation authorities.
• Latest Trends and Growth Opportunities: The integration of AI and IoT technologies, development of user-friendly applications, and the emphasis on sustainable transportation solutions define the latest trends in the market.
• Significant growth opportunities exist with the increasing emphasis on smart city initiatives and the modernization of public transportation systems.
• Regional Analysis: North America leads the market, followed by the Asia-Pacific region, Latin America, and the Middle East & Africa, showcasing growing demands for Passenger Information Systems in various regions.
• Key Market Players: Leading companies such as Advantech Co. Ltd., Alstom, Cisco Systems Inc., Cubic Transportation Systems, and others are actively contributing to the market’s growth through technological advancements and strategic partnerships.

Component Analysis

In 2023, the Solution segment maintained a commanding position in the Passenger Information System market, capturing over 75% of the total share. These solutions serve as the backbone of the entire system, incorporating advanced software and cutting-edge technologies to efficiently gather, process, and deliver crucial travel information to passengers. With their intuitive interfaces and real-time data processing capabilities, these solutions have emerged as a pivotal choice for transport authorities and companies aiming to offer seamless and dependable travel updates, thereby enriching the overall passenger journey experience.

Simultaneously, the Services segment has witnessed a notable surge, driven by the increasing demand for comprehensive support and maintenance services for Passenger Information Systems. These services encompass a spectrum of offerings, including installation, training, and round-the-clock technical assistance, ensuring the smooth operation and continual optimization of the PIS infrastructure.

The emphasis on personalized customer service and prompt resolution of technical issues has positioned the Services segment as a critical contributor to the seamless functioning of Passenger Information Systems across various transportation sectors. As a result, the Services segment has experienced substantial growth and garnered significant attention from industry players seeking to enhance the overall reliability and performance of their PIS offerings.

Type Analysis

In 2023, the Information Display System emerged as a frontrunner in the Passenger Information System market, securing more than a 28% share. These display systems play a pivotal role in providing real-time travel updates to passengers through strategically placed screens at transportation hubs. With their clear and easily accessible information, Information Display Systems have become a staple in ensuring passengers stay informed about their travel schedules, routes, and any relevant updates, contributing significantly to the overall travel experience.

Additionally, the Announcement System segment has seen substantial growth, driven by its crucial role in delivering audible updates and instructions to passengers across various transit modes. These systems enable clear and timely communication, ensuring passengers receive important announcements and safety information during their journeys. With their focus on enhancing passenger safety and communication, Announcement Systems have garnered increased attention and investment from transport authorities and companies seeking to create a secure and well-informed travel environment.

Moreover, the Infotainment System segment has gained momentum, offering passengers a blend of informative and entertaining content during their travels. These systems provide a range of engaging multimedia content, including news, advertisements, and passenger-specific information, enhancing the overall travel experience and passenger engagement. The emphasis on providing a holistic and interactive journey has positioned Infotainment Systems as a key component in shaping a positive and engaging travel atmosphere.

Note: Actual Numbers Might Vary In The Final Report

Lastly, the Other Types segment has shown promising potential, encompassing a diverse range of emerging technologies and innovative solutions aimed at further enriching the passenger travel experience. This segment includes novel concepts and evolving technologies that complement existing Passenger Information Systems, contributing to the overall growth and dynamism of the market. As a result, the Other Types segment has drawn increasing interest from industry stakeholders looking to expand their offerings and cater to the evolving demands of modern passengers.

Mode Analysis

Key Market Segments

By Component

• Solution
• Services

By Type

• Information Display System
• Announcement System
• Infotainment System
• Other Types

By Mode

• Airway & Waterway
• Railway

Regional Analysis

In 2023, North America held the largest share of the Passenger Information System (PIS) market at 32%. The demand for passenger information systems in North America was valued at US$ 9.6 billion in 2023 and is expected to witness substantial growth in the coming years. The region’s robust market presence can be attributed to the increasing integration of advanced technologies in the transportation sector, coupled with the rising focus on enhancing passenger experience and safety.

The Asia-Pacific (APAC) region, which includes countries like China and India, also had a big demand for PIS in 2023. This might be because these countries are growing fast, building more things, and using more technology in their transportation.

Latin America, which includes places like Brazil and Mexico, had a good demand for PIS too. This could be because more people are moving to cities and there is more money to spend on better transportation systems. The Middle East & Africa also showed some interest in PIS in 2023. This might be because they are trying to make their transportation systems better and safer.

Note: Actual Numbers Might Vary In The Final Report

Key Regions and Countries Covered in this Report

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherland
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

Industry players will be able to access emerging markets quickly and improve their technological capabilities by forming partnerships, strategic mergers, and acquisitions. The market will benefit from product differentiation and the enhancement of solutions. The Passenger Information System market’s growth will be supported by the increasing number of transportation website aggregators as well as the proliferation of transport apps like Wanderu Inc, Sontra Solucoes Em Transporte Ltda, and Zendrive (Zendrive Inc.).

Маrkеt Kеу Рlауеrѕ

These are some prominent Passenger Information System Market companies:

• Advantech Co. Ltd.
• Alstom
• Cisco Systems Inc.
• Cubic Transportation Systems
• Hitachi Ltd.
• Huawei Technologies Co. Ltd.
• Siemens AG
• TE Connectivity
• Thales Group
• Wabtec Corporation
• Other Key Players

Recent Development

• In June 2022, Wabtec bought Collins Aerospace’s ARINC rail business. This purchase will help improve train services in the US and Canada for different types of trains like those for cities, towns, and between cities.
• In April 2022, Alstom and ENGIE decided to work together to find a way to make freight trains more environmentally friendly. They want to replace diesel trains with ones that use hydrogen, a cleaner energy source, for their operations.
• In April 2022, Hitachi Rail bought a British company called Perpetuum that makes technology for trains. Perpetuum is good at using digital solutions to make trains work better and not break down. With this deal, Hitachi plans to use Perpetuum’s technology to make their trains work even better all over the world.

Report Scope