Hitachi, Ltd., Siemens Mobility, ALSTOM were Dominating the Global Passenger Information System Market in 2022

Global Passenger Information System Market is expected to grow with the CAGR of 8.7% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global passenger information system market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global passenger information system market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In January 2021, Hitachi, Ltd. has collaborated with Genoa Metro network to build new trains to support the improvement of network. This collaboration will help the company to offer display for information to the passengers, control devices and many others which will accelerate the sales for the company.
  • In February 2022, Thales group has been appointed by ANWS to replace three airport surveillance system in Taitung, Hualien, and Songshan with the STAR NG primary surveillance radars, combined with the RSM NG secondary radars. This will allow the company to tap the un tapped market.
  • In January 2022, Cubic Corporation announced the introduction of Umo platform to over 900 busses across 30 transit system in order to use contactless pre-paid fare products and payment technologies. This new product will help the company to diversify the product portfolio and attract customers by offering wide range of solutions.

Passenger Information System MarketHitachi, Ltd.

The company was founded in 1920 and headquartered in Japan. The company is involved in operations in various sectors such as engineering, electronics, IT, nuclear, transportation and industrial systems. Their business segments includes it, energy, industry, mobility, smart life, hitachi construction machinery, others and corporate. Their product categories includes railway transportation solutions.

  • In December 2021, Hitachi, Ltd. has been awarded a new contract by Nordic Re-Finance to upgrade the signalling system of fleet locomotives. This contract will help the company to accelerate the revenue by boosting the sales.

The company offers services in all over Americas, Europe, Asia-Pacific and Middle East & Africa.

Siemens Mobility

The company was founded in 1989 and its head quarter is located in Germany. The company is focused on creating technology that empowers customers to positively transform the industries that form the backbone of company’s economies – industry, infrastructure, transport, and healthcare. Their products categories includes rolling stock, rail services, rail automation, rail electrification, turnkey rail solutions.

  • In October 2021, Siemens Mobility completes acquisition of Sqills. With Sqills, Siemens can provide operators with a comprehensive SaaS offering that optimizes their key travel processes, including trip searching, inventory, reservation, and ticketing management. This acquisition is helped the company to grow its passenger information system market.

The company has presence in all over Asia-Pacific, South America and Middle East & Africa.

ALSTOM

The company was established in 1928 with its headquarter in France. The company is focused on developing and marketing mobility solutions that provide the sustainable foundations for the future of transportation. Their business segments include healthier mobility, digital mobility, Infrastructure, rolling stock, services, systems. Their product categories includes asset optimization, connectivity, digital passenger solutions, security & city mobility.

  • In January 2021, ALSTOM acquired signalling and passenger information system contract for the Athens metro. This Acquisition helped the company to increase its revenue.

The company is present all over Asia-Pacific, Americas, Middle East & Africa and Europe.