Passenger Information System Market

Passenger Information System Market increasing Demand in North America & Asia Pacific

As the passengers are demanding real-time information and the in-transit connectivity, the demand for Passenger Information Systems is also observing higher traction. As the number of smartphones is increasing along with the availability of robust network, the passengers today want everything on their smartphones. They want to know the real-time information of the transport services, while on-board they expect robust network for better communication. PIS solutions helps transport service providers to provide these features to their customers and to distinguish themselves from other transport service providers.

The PIS solutions offer several features such as real-time information on the arrival and departure timing, news, weather forecast, entertainment, emergency communication among several others. Higher adoption of smartphones and upcoming communication technologies such as 3G, 4G LTE, and 5G, the demand for mobile applications has also increased.
In reference to the modes of transportation in the PIS market space, railways are the segment which accounts for most of the passenger information systems deployments. Other than railways, roadways, and airways are other two segments.

The market for passenger information systems is significantly impacted by various geographical regions. The growth of this market would be highly impacted by the increased adoption in smartphones and evolution of new telecommunication technologies. MarketsandMarkets expects the North America region to hold the largest portion of total passenger information systems market. Asia Pacific region would show high growth. In spite of small contribution in revenues, the Latin American region is expected to foresee high growth in this market along with Middle East and Africa. MarketsandMarkets expects the passenger information systems market to grow from $6.27 billion in 2014 to $20.34 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 26.5%.

Related Reports:

Passenger Information System Market [Display, Announcement, Emergency Communication, Infotainment, Mobile Applications, Devices and Components, Services (Professional, Integration, Cloud)] - Worldwide Market Forecasts and Analysis (2014 - 2019)

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Report Code
TC 2279
Published ON
Mar, 2014
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