승객 정보 시스템 시장 예측(-2030년) : 컴포넌트별, 교통수단별, 기능 모델별, 장소별, 지역별 세계 분석

According to Stratistics MRC, the Global Passenger Information System Market is accounted for $30.16 billion in 2023 and is expected to reach $74.54 billion by 2030 growing at a CAGR of 13.80% during the forecast period. A passenger information system (PIS) is a digital signage solution commonly deployed in public transportation networks like trains, buses, and airports. It serves to provide real-time travel information to passengers, including departure and arrival times, route maps, service disruptions, and other relevant updates. PIS enhances the passenger experience by offering timely and accurate information, reducing uncertainty and frustration. These systems often utilize a combination of display screens, audio announcements, and mobile applications to convey information effectively.

According to Ericsson's Mobility Report and IoT Forecast, almost 18 billion IoT devices will be available by 2022. According to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone.

Market Dynamics:

Driver:

Urbanization and population growth

Urbanization and population growth are key drivers of the passenger information system market due to their direct impact on transportation demands. As cities expand and populations increase, there is a greater need for efficient public transportation systems to accommodate the growing number of commuters. PIS play a crucial role in providing real-time information to passengers, enhancing their overall travel experience, and improving system efficiency. Additionally, urbanization leads to more complex transportation networks, necessitating advanced technology solutions like PIS to manage and coordinate various modes of transportation.

Restraint:

Technical complexity

The technical complexity restraints are the challenges associated with the integration and interoperability of various technological components within the system. This includes ensuring seamless communication between hardware such as displays and sensors, software for data processing and analytics, and connectivity infrastructure for real-time updates. Addressing technical complexities involves overcoming compatibility issues, optimizing performance across diverse environments, and ensuring reliability amidst dynamic operational conditions. Failure to manage these complexities can lead to system downtime, reduced efficiency, and a compromised passenger experience.

Opportunity:

Enhanced passenger experience

The Enhanced Passenger Experience opportunity is to make the integration of advanced technologies to improve the overall journey for travelers. This includes real-time updates on departure times, delays, and alternative routes, enhancing convenience and reducing stress for passengers. Additional features such as interactive maps, multimedia displays, and personalized notifications cater to individual needs, offering a more engaging and informative travel experience. Through seamless connectivity and intuitive interfaces, PIS fosters a sense of empowerment and control for passengers, leading to higher satisfaction levels and loyalty to transportation services.

Threat:

Infrastructure limitations

This threat refers to challenges arising from inadequate or outdated infrastructure supporting the system's operation. This can include outdated communication networks, insufficient hardware capabilities, or incompatible software platforms. Such limitations can hinder the efficiency and reliability of the PIS, leading to disruptions in passenger information delivery, inaccurate updates, or system failures. Additionally, these limitations may pose obstacles to the system's scalability and integration with other transportation management systems. Addressing infrastructure limitations requires significant investment in upgrading technology and infrastructure components to ensure seamless and reliable operation of the PIS.

Covid-19 Impact:

With travel restrictions, lockdowns, and reduced passenger numbers, there has been a notable decline in demand for PIS solutions across transportation sectors such as railways, airports, and public transit systems. Many projects were delayed or put on hold due to budget constraints and uncertainty in the market. However, there has been a growing focus on implementing PIS solutions to facilitate social distancing measures, enhance safety protocols, and provide real-time information to passengers about health guidelines and travel restrictions. As travel gradually resumes and the need for efficient and safe transportation grows, the PIS market is expected to rebound, albeit with a heightened emphasis on digitalization and passenger safety.

The solution segment is expected to be the largest during the forecast period

The growth in the solution segment can be attributed to advancements in technology which have led to the development of more sophisticated and integrated PIS solutions that offer enhanced functionalities, such as real-time updates, multimedia displays, and interactive features. The growing trend towards smart transportation infrastructure and the integration of IoT devices have further fueled the demand for innovative PIS solutions. Furthermore, the rising focus on optimizing operational efficiency and reducing costs in the transportation sector has prompted organizations to invest in advanced PIS solutions that streamline information management.

The computing systems segment is expected to have the highest CAGR during the forecast period

The computing systems segment is experiencing notable growth due to developments in computing technologies, making them more efficient and powerful systems capable of handling large amounts of data in real-time. Additionally, the rising demand for enhanced passenger experiences, including real-time updates, interactive displays, and personalized information, is driving the adoption of more sophisticated computing systems within PIS. Moreover, the integration of artificial intelligence and machine learning algorithms is further augmenting the capabilities of these computing systems. As transportation networks expand and modernize globally, there's an increasing need for robust and reliable computing infrastructure to support the evolving requirements of PIS.

Region with largest share:

North America has experienced significant growth due to technological advancements and the increasing adoption of digital solutions in places such as railways, airports, and roadways. The growing emphasis on enhancing passenger experience and safety has prompted transportation authorities and operators to invest in advanced PIS solutions. Moreover, the rise in urbanization and population density in major North American cities has fueled the need for efficient and reliable passenger information dissemination systems. Furthermore, government initiatives aimed at modernizing transportation infrastructure have further boosted market growth by encouraging the implementation of PIS.

Region with highest CAGR:

The Asia-Pacific region has witnessed robust growth in the passenger information system market due to rapid urbanization, increasing disposable income, and a burgeoning middle-class population. Governments across the region are investing heavily in modernizing transportation infrastructure, including railway networks and metro systems, which drives the adoption of PIS solutions to enhance passenger experience and operational efficiency. Furthermore, the rising trend of smart cities and digitalization initiatives further propel the demand for advanced PIS technologies.

Key players in the market

Some of the key players in Passenger Information System market include Advantech, Alstom Corp, Cisco Systems, Cubic Plc, Eke-Electronics Inc, Hitachi Limited, Huawei Technology, Icon Multimedia, Lot Group, Lunetta Software Ltd, Medna Servo Drives, Mitsubishi Electric, Passio Technologies, Quester Tangent, Siemens AG, ST Engineering, Teleste Corp, Televic Inc and Thales Group.

Key Developments:

In February 2024, Cisco announced a landmark collaboration with du, from Emirates Integrated Telecommunications Company (EITC), signaling the beginning of a major cybersecurity transformation initiative. The initiative focuses on revolutionizing du's Security Operations Center (SOC) into an advanced Cyber Defense and Intelligence Center, leveraging artificial intelligence and automation to enhance security and operational efficiency.

In October 2023, Industrial PC manufacturer Advantech has increased its investment in India, where it has expanded operations in Bangalore and plans to establish a software research and development center in Pune.

Components Covered:

• Solution
• Services
• Other Components

Modes of Transportations Covered:

• Railways
• Airways
• Waterways
• Roadways

Functional Models Covered:

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

Locations Covered:

• In Station
• On Board

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Emerging Markets
• 3.7 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Passenger Information System Market, By Component

• 5.1 Introduction
• 5.2 Solution
  • 5.2.1 Announcement Systems
  • 5.2.2 Display Systems
  • 5.2.3 Mobile Applications
  • 5.2.4 Infotainment Systems
  • 5.2.5 Emergency Communication Systems
  • 5.2.6 Others
• 5.3 Services
  • 5.3.1 Consulting
  • 5.3.2 Support and Maintainance
  • 5.3.3 Deployment and Integration
• 5.4 Other Components

6 Global Passenger Information System Market, By Mode of Transportation

• 6.1 Introduction
• 6.2 Railways
• 6.3 Airways
• 6.4 Waterways
• 6.5 Roadways

7 Global Passenger Information System Market, By Functional Model

• 7.1 Introduction
• 7.2 Content Management System
• 7.3 Multimedia Display
• 7.4 Video Surveillance
• 7.5 Networking and Communication Devices
• 7.6 Computing Systems
• 7.7 Audio Systems

8 Global Passenger Information System Market, By Location

• 8.1 Introduction
• 8.2 In Station
• 8.3 On Board

9 Global Passenger Information System Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Advantech
• 11.2 Alstom Corp
• 11.3 Cisco Systems
• 11.4 Cubic Plc
• 11.5 Eke-Electronics Inc
• 11.6 Hitachi Limited
• 11.7 Huawei Technology
• 11.8 Icon Multimedia
• 11.9 Lot Group
• 11.10 Lunetta Software Ltd
• 11.11 Medna Servo Drives
• 11.12 Mitsubishi Electric
• 11.13 Passio Technologies
• 11.14 Quester Tangent
• 11.15 Siemens AG
• 11.16 ST Engineering
• 11.17 Teleste Corp
• 11.18 Televic Inc
• 11.19 Thales Group