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Global In-Station Passenger Information System Market, By Component (Solutions, Services, Software), Mode of Transportation (Railways, Roadways, Airways, Waterways), Functional Model (Multimedia Displays, Audio Systems, Computing Systems, Networking And Communication Devices, Video Surveillance, Content Management System, Others), 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
In-station passenger information system market size is valued at USD 52,850 million by 2028 is expected to grow at a compound annual growth rate of 12.60% in the forecast period of 2021 to 2028. Data Bridge Market Research report on in-station passenger information system provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Passenger information system is a kind of electronic information system that provides audio and visual information to passengers and also presents the ability to track, monitor and manage the real-time passenger information. The information collected by the passenger information system completely relies on the project requirement and can be communicated via loudspeakers and screens.
The increasing frequency of passenger journey through public transport has been directly influencing the growth of in-station passenger information system market over the forecast period of 2021 to 2028. Also the rising use of smartphones with better connectivity improves the transit experience which is also flourishing the growth of the in-station passenger information system market. In addition, the rising demands for real-time, consistent and reliable passenger information as well as ever-increasing implementation of advanced technologies such as big data, cloud and IoT for the development of such systems to enhance the general experience of the passenger are also positively impacting the growth of the market. Furthermore, the high adoption of such systems amongst the transit agencies leading to the development of passenger satisfaction and comfort are also largely lifting the growth of the in-station passenger information system market.
However, the high maintenance and implementation costs of these systems are acting as the major limitations for the growth of in-station passenger information system in the forecast period of 2021 to 2028, whereas the outmoded infrastructure and meager internet connectivity across underdeveloped economies have the potential to challenge the growth of the in-station passenger information system market.
Likewise, the high adoption of IoT and big data to improve passenger travel experiences along with execution of digital devices and ICT solutions so as to deal with the city efficiently will further cater ample new opportunities that will lead to the growth of the in-station passenger information system market in the above mentioned forecasted period.
This in-station 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 localized 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 in-station 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.
In-station passenger information system market is segmented on the basis of component, mode of transportation and functional model. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
In-station passenger information system market is analyzed and market size, volume information is provided by country, component, mode of transportation and functional model as referenced above.
The countries covered in the in-station 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 leads the in-station passenger information system market due to the rising focus in improvement of transportation infrastructure along with increasing investments in intelligent transportation systems by public and private sector companies in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to government as well as and private players initiatives to digitalize and improve the information systems across the whole public transport sector in the region.
The country section of the in-station passenger information system market 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.
In-station 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 in-station passenger information system market.
The major players covered in the in-station passenger information system market report are Advantech Co., Ltd., Cubic Corporation, Cisco, Siemens, Hitachi, Ltd., Huawei Technologies Co., Ltd., Thales Group, Lunetta, Teleste Corporation, ST Engineering, Passio, Dysten Sp. z o.o., Televic, Alstom, Wabtec Corporation., r2p GmbH, Indra, Mitsubishi Electric Corporation, ICON Multimedia S.L., LANCom and 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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