The global market for PIS is projected to have considerable CAGR during the forecast period. The market growth is mainly driven due to growing demand of real time passenger information, increasing penetration of smartphone across the globe. Moreover, the growing service offerings by the travel providers to the passengers further supported the growth of PIS market. The other primary factor that is responsible for market growth is the advancements in technology. Various companies along with the top industry key players are adopting several new technologies for enhancing the passenger experiences. For instance, In December 2019, Vistara, an Indian full-service airline in partnership with Nelco, a local satellite services provider announced to provide in flight connectivity installed. Moreover, increasing implementation of IoT and AI technology coupled smart city projects further expected to provide significant opportunity to the market growth.
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Segmental Outlook
The global PIS market is segmented based on product type and industry. Based on the product type, the market is further classified into hardware and software & services. The software & services segment is projected to have considerable growth owing to the growing demand of cloud based PIS solutions across various mode of transportation such as airways and railways. The market is mainly driven due to growing demand of software and services for connected devices for providing passenger information On the basis of mode of operation the market is further segregated into airways, roadways, railways, and waterways.
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Passenger Information System (PIS) Market- Segmentation
By Product Type
- Hardware
- Software & Services
By Mode of Transportation
- Airways
- Roadways
- Railways
- Waterways
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Passenger Information System (PIS) Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Advantech Co., Ltd.
- ALSTOM Holdings
- Cisco Systems, Inc.
- Cubic Corp.
- Dysten Sp. z o.o.
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- Indra Sistemas, S.A.
- ICON Multimedia S.L.
- LANCom d.o.o. Co.
- Mitsubishi Electric Corp.
- Passio Technologies
- Siemens AG
- Singapore Technologies Engineering Ltd.
- Simpleway Europe a.s.
- Thales Group
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