Leading Companies in Passenger Information System Industry - Advantech Co., Ltd. (Taiwan) and Alstom SA (France)
The global passenger information system market size is projected to grow from USD 29.3 billion in 2023 to USD 52.6 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 12.4%. Continued growth in the passenger information system market is fueled by several reasons including reduction in operational cost, increased efficiency and productivity, and enhanced accessibility. Passenger information systems play a significant role in modern transportation to improve passengers' travel experience by providing real-time updates on arrival and departure times, delays, disruptions, and route changes.
Key and innovative vendors in the passenger information system market include Advantech Co., Ltd. (Taiwan), Alstom SA (France), Wabtec Corporation (US), Cisco Systems (US), Cubic Corporation (US), Siemens AG (Germany), Hitachi Ltd. (Japan), Huawei Technologies Co., Ltd. (China), Mitsubishi Electric Corporation (Japan), Televic (Belgium), ST Engineering Ltd (Singapore), Indra (Spain), Medha Servo Drives (India), Efftronics Systems Pvt. Ltd. (India), Dysten (Poland), Lunetta (India), r2p Group (Germany), Icon Multimedia (Spain), Passio Technologies (US), Teleste (Finland), Lancom D.O.O (Slovenia), Simpleway (Czech Republic), Eke-Electronics (Finland), Quester Tangent (Canada), LOT Group (Ukraine). The market players have adopted various strategies to strengthen their passenger information system market position. Organic and inorganic strategies have helped the market players expand globally by providing advanced passenger information systems.
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ADVANTECH
Advantech, a publicly held company, provides IoT intelligent systems and embedded platforms. The company uses technologies that include IoT, big data, and artificial intelligence (AI) and promotes IoT hardware and software solutions with the Edge Intelligence WISE-PaaS core to assist its clients in connecting their industrial chains. Further, the company operates through the business segments, namely, Industrial Internet of Things Services (IIoT), Embedded Board and Design-in Services (EIoT), Allied Design and Manufacturing Services (Allied DMS), Intelligent Services (SIoT), and Global Customer Services (AGS & APS). As of March 2023, the company had annual revenue of USD 2.3 billion and had 9,430 employees.
In the PIS market, Advantech has competitive offering for the transportation industry, particularly railway transportation with systems that support automatic fare collection, signaling, rolling stock, and station management. The company is enabling intelligent transportation systems to develop smart city solutions through this offering. The intelligent transportation systems include a rolling stock controller, which caters to the requirements in applications of rolling stock and a vehicle monitoring system. Moreover, the wayside controller series provides various applications, such as communication-based train control, wayside signaling, and train control system. Furthermore, the company offers the MIO-5850 for integrating PIS in high-speed railway (HSR). This system requires advanced technical infrastructure systems to support rolling stock and operations. These systems cater to strategic and cross-sector problems related to human, financial, commercial, and managerial concerns.
ALSTOM
Alstom, a publicly held company, offers a complete range of equipment and services, from high-speed trains, metros, trams, and e-buses to integrated systems, customized services, infrastructure, signaling, and digital mobility solutions. As of March 2023, Alstom generated revenue of USD 17.9 billion, invested USD 682 million in R&D, and had 80,183 total employees. In the light-rail vehicle segment, Alstom Citadis offers modern mobility solutions for the modern-day city in the light-rail sector.
Alstom provides solutions that deliver security and fluidity to passengers and operations by optimizing real-time performance in signaling and multimodality, offering connectivity, and automating driving. The company offers its Optimet OrbanMap, and augmented passenger information system, which enables better and more cost-effective service by using video analysis of platforms. Moreover, the Optimet OrbanMap provides the operators with detailed information on the number of passengers boarding, alighting, and waiting at a station by dividing the platform into an exchange area and a waiting area. Furthermore, Nomad, an owned Alstom subsidiary, provides innovative real-time passenger solutions via passenger devices and/or vehicle displays. This covers extensive passenger services, including internet access, travel information, entertainment delivery, and security applications.
Related Reports:
Passenger Information System Market by Offering (Solutions and Services), Location (On-board and In-station), Transportation Mode (Railways (Trains and Trams), Roadways, and Airways & Waterways) and Region - Global Forecast to 2028
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