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Passenger Information System Market by Mode of Transportation and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71784
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The passenger information system market share is expected to increase by USD 15.37 billion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 13.52%.

This passenger information system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers passenger information system market segmentation by mode of transportation (railways, roadways, and air and waterways) and geography (North America, Europe, APAC, South America, and MEA). The passenger information system market report also offers information on several market vendors, including Advantech Co. Ltd., ALSTOM SA, Cisco Systems Inc., Cubic Corp., Hitachi Ltd., Huawei Investment and Holding Co. Ltd., Siemens AG, Teleste Corp., Thales Group, and Wabtec Corp. among others.

What will the Passenger Information System Market Size be During the Forecast Period?

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Passenger Information System Market: Key Drivers and Challenges

The increasing availability of app-driven services is notably driving the passenger information system market growth, although factors such as outdated infrastructure and other technical challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the passenger information system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Passenger Information System Market Driver

The growing trend of connectivity in vehicles has resulted in consumers connecting their smartphones and tablets to the in-vehicle infotainment systems to access enhanced entertainment and information. Most vendors in the market are expanding their roadside assistance services coverage through mobile app-based services. This service has eliminated complexity from contacting roadside assistance service providers while ensuring prompt services to app users. Such services have eased the service delivery process of vendors and have also aided in increasing their market share. With an increase in the number of smartphone users connecting their smartphones to their automobile infotainment systems, the demand for app-based roadside assistance services is increasing, which is driving the growth of the passenger information system market. 

Key Passenger Information System Market Challenge

Most of the railway, roadway, and water industry operators still use legacy software that is outdated, which in turn is affecting the adoption of advanced technologies. Integration complexities arise over legacy systems and networks, which creates technical challenges for operators. These technical challenges increase the difficulty faced by the operators to scale their business and IT infrastructure. Due to the use of legacy systems, it is not easy to integrate new technologies into old systems, and interpretability becomes a major issue. Hence, the railway industry is renewing and replacing legacy railway systems in an efficient manner, but without disrupting regular train service operations, which is a major challenge. Moreover, even if the operators try to deploy the latest systems, technological changes will require workers to acquire specific skills to operate such systems. The lack of a skilled workforce is another challenge faced by the operators. Thus, the presence of legacy infrastructure and aging systems is expected to hinder the adoption of passenger information systems and adversely affect the growth of the market in focus. 

This passenger information system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Passenger Information System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Advantech Co. Ltd.
  • ALSTOM SA
  • Cisco Systems Inc.
  • Cubic Corp.
  • Hitachi Ltd.
  • Huawei Investment and Holding Co. Ltd.
  • Siemens AG
  • Teleste Corp.
  • Thales Group
  • Wabtec Corp.

 

This statistical study of the passenger information system market encompasses successful business strategies deployed by the key vendors. The passenger information system market is fragmented and the vendors are expanding their product portfolio to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The passenger information system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Passenger Information System Market?

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31% of the market’s growth will originate from North America during the forecast period. The US is a key market for passenger information systems in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The use of automation and data analytics in freight rail will facilitate the passenger information system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Mode of Transportation Segments in the Passenger Information System Market?

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The passenger information system market share growth by the railways segment will be significant during the forecast period. In the railways segment, passenger information systems have specific applications and are integrated to help operators make intelligent use of all rail assets, from tracks to trains, to meet the increasing consumer demand for efficient and safe transportation services. As an increasing number of operators are investing in updating infrastructure and emerging technologies, the segment is expected to grow and continue to have the largest share of the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the passenger information system market size and actionable market insights on post COVID-19 impact on each segment.

 

Passenger Information System Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 13.52%

Market growth 2021-2025

$ 15.37 billion

Market structure

Fragmented

YoY growth (%)

15.95

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 31%

Key consumer countries

US, France, Japan, Germany, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advantech Co. Ltd., ALSTOM SA, Cisco Systems Inc., Cubic Corp., Hitachi Ltd., Huawei Investment and Holding Co. Ltd., Siemens AG, Teleste Corp., Thales Group, and Wabtec Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Passenger Information System Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive passenger information system market growth during the next five years
  • Precise estimation of the passenger information system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the passenger information system industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of passenger information system market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Mode of transportation

    • Market segments
    • Comparison by Mode of transportation
    • Railways - Market size and forecast 2020-2025
    • Roadways - Market size and forecast 2020-2025
    • Air and waterways - Market size and forecast 2020-2025
    • Market opportunity by Mode of transportation

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Advantech Co. Ltd.
      • ALSTOM SA
      • Cisco Systems Inc.
      • Cubic Corp.
      • Hitachi Ltd.
      • Huawei Investment and Holding Co. Ltd.
      • Siemens AG
      • Teleste Corp.
      • Thales Group
      • Wabtec Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The passenger information system market growth will increase by $15.37 billion during 2020-2025.
      The passenger information system market is expected to grow at a CAGR of 13.52% during 2020-2025.
      Technavio has segmented the passenger information system market by other1 (Railways, Roadways, and Air and waterways) and geographic (North America, Europe, APAC, South America, and MEA).
      Advantech Co. Ltd., ALSTOM SA, Cisco Systems Inc., Cubic Corp., Hitachi Ltd., Huawei Investment and Holding Co. Ltd., Siemens AG, Teleste Corp., Thales Group, Wabtec Corp. are a few of the key vendors in the passenger information system market.
      North America will register the highest growth rate of 30.84% among the other regions. Therefore, the passenger information system market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the passenger information system market growth are:
      • Increasing availability of app-driven services
      The passenger information system market vendors should focus on grabbing business opportunities from the railways segment as it accounted for the largest market share in the base year.
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