Global On-Board Passenger Information System Market, By Component (Solutions, Services, Software), Mode of Transportation (Railways, Roadways, Airways and Waterways), Functional Model (Multimedia Displays, Audio Systems, Computing Systems, Networking and Communication Devices, Video Surveillance, Content Management System, Other Functional Models), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global On-Board Passenger Information System Market
On-board passenger information system market is expected to reach USD 59,469.63 million by 2028 witnessing market growth at a rate of 12.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on on-board passenger information system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The passenger information system is a type of electronic information system that provides passengers with audio and visual information and enables real-time passenger information to be monitored, tracked and managed. The information exchanged by the passenger information system relies entirely on the specifications of the project and can be transmitted through loudspeakers and screens. These systems are also used to detect the interruptions and delays caused in detail and to analyse the departure and arrival times.
Increasing use of smartphones with enhanced connectivity improves the transit experience, rising demand for consistent, real-time, and reliable passenger information, rising frequency of passenger journey through public transport, increasing adoption of private cloud and rising software-defined data centers, rise in the demand for intelligent transportation systems are some of the major as well as vital factors which will likely to augment the growth of the on-board passenger information system market in the projected timeframe of 2021-2028. On the other hand, increasing adoption of internet of things and big data to enhance passenger travel experiences along with development of smart cities leading to the implementation of digital devices and ICT solutions in order to manage the city efficiently which will further contribute by generating massive opportunities that will lead to the growth of the on-board passenger information system market in the above mentioned projected timeframe.
High maintenance as well as implementation costs along with poor internet connectivity which will likely to act as market restraints factor for the growth of the on-board passenger information system in the above mentioned projected timeframe. Lack of improved infrastructure which will become the biggest and foremost challenge for the growth of the market.
This on-board passenger information system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on on-board passenger information system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global On-Board Passenger Information System Market Scope and Market Size
On-board passenger information system market is segmented on the basis of component, mode of transportation and functional model. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On-board passenger information system market on the basis of component has been segmented as solutions, services, and software. Solutions have been further segmented into display systems, announcement systems, emergency communication systems, mobile applications, infotainment systems, and others. Display systems have been further segmented into LCD display, TFT display, LED display, kiosk, and ePaper. Others have been further segmented into passenger counting systems and video monitoring systems. Services have been further segmented into consulting and integration, training, support and maintenance. Software has been further segmented into PIM module, PIS for station, and on-board PIS. On-board PIS has been further sub segmented into GPS-based, for mobile – train, and bus.
- Based on mode of transportation, the on-board passenger information system market has been segmented into railways, roadways, airways and waterways. Railways have been further segmented into trains, and trams.
- On the basis of functional model, the on-board passenger information system market has been segmented into multimedia displays, audio systems, computing systems, networking and communication devices, video surveillance, content management system, and other functional models.
On-Board Passenger Information System Market Country Level Analysis
On-board passenger information system market is analysed and market size, volume information is provided by country, component, mode of transportation and functional model as referenced above.
The countries covered in the on-board passenger information system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the on-board passenger information system market due to the increasing adoption of cutting edge technology along with initiatives taken by the government to digitalize and upgrade the information system across the public transport sector while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 due to the surging levels of investment for the development of infrastructure along with adoption of digitalization in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and On-Board Passenger Information System Market Share Analysis
On-board passenger information system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to on-board passenger information system market.
The major players covered in the on-board passenger information system market report are Advantech Co., Ltd.; Alstom; Wabtec Corporation.; Cubic Corporation; Cisco; Siemens; Hitachi, Ltd.; Huawei Technologies Co., Ltd.; Thales Group; Teleste Corporation; Mitsubishi Electric Corporation; ST Engineering; Dysten Sp. z o.o.; Televic; Lunetta; r2p GmbH; Indra; ICON Multimedia S.L.; Passio; LANCom; Simpleway Europe a.s.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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