According to the new research report by IMARC Group, the global passenger information system market to grow at a CAGR of around 11% during 2021-2026. Looking forward, the market is expected to continue its moderate growth during the next five years.
A passenger information system (PIS) is a communication platform between a transit agency and passengers. It is also known as a customer information system and provides real-time information to users about public transport via voice, visual or other media. PIS helps in obtaining data about schedules, entertainment, news broadcasts, and emergency communication services. In line with this, it allows passengers to get relevant information regarding the status of various transportation mediums and facilitating them to plan their journeys better.
The growing demand by passengers to receive reliable and accurate real-time transit information is propelling the growth of the passenger information system market. Moreover, the increasing adoption of intelligent transportation systems along with the growing advancements in the telecommunication industry to enable faster data transfer capabilities, is also inducing the demand for the passenger information system. Additionally, the several technological advancements, such as the Internet-of-Things (IoT), cloud computing, and big data analytics, in the transportation sector are also driving the sales of passenger information systems across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Passenger Information System Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being ADVANTECH CO LTD (2395.TW), Cisco Systems Inc., Cubic Corporation, Hitachi Ltd., Huawei, Indra Sistemas S.A., Infax Inc., Mitsubishi Electric Corp., Passio Technologies, Siemens and Teleste Oyj.
For more information about this report visit: https://www.imarcgroup.com/passenger-information-system-market
The report has segmented the market on the basis of Product Type, Application, Seating Capacity, and Region.
Insights on Market Segmentation:
Breakup by Mode of Transport:
Breakup by Component:
Hardware and Software
Breakup by System Type:
Networking and Communication Devices
Video Surveillance Systems
Content Management System
Breakup by Location:
Breakup by Region:
Middle East and Africa
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