Global Passenger Information SystemMarket - Upcoming Trends, Growth Drivers and Challenges – Forecast to -2023
Summary -
A new market
study, titled “Global Passenger Information
SystemMarket - Upcoming Trends, Growth Drivers and Challenges –
Forecast to -2023 ” has been featured on WiseGuyReports.
Market analysis
The passenger information system is a kind of automation system that is
specifically deployed and designed by the public transportation systems
including the railways, roadways, airways and others for displaying the arrival
and departure of the transportation mode scheduled for a particular time frame.
This automated system is available in the form of LEDs, information
announcement system, display boards, and passenger information mobile
application. The growing security concerns at public transports along with
growing urbanization are the major factors that is expected to boost the growth
of the global passenger information system market in future. The Global
Passenger information system market is anticipated to reach the value of USD
21.39 billion by the year 2022 growing at a CAGR of 23.17% during the forecast
period (2016-2022).
Market segmentation
The Global Passenger information system market has been divided on the
basis of services, components, solutions, and mode of transportation. Based on
its solutions, the market is segmented as display systems, information
announcement systems, emergency communication systems, passenger information
mobile applications, infotainment systems among others. On the basis of its
components, the Global Passenger information system market is classified as
multimedia displays, communication devices, networking devices, sensors among
others. Based on its services, the market is sectioned as cloud, integration,
professional among others. The modes of transportation in the Global Passenger
information system market include railways, roadways, and airways.
Regional analysis
Geographically, the Global Passenger information system market is divided
into global regions like Europe, North America, Asia- Pacific, Middle East,
LATAM, and Africa.
Major players
The major industry players in the Passenger Information System Market are
Huawei Technologies Co. Ltd (China), DTI Group (Australia), Cubic
Transportation Systems (U.S.), Infax, Inc. (U.S.), Passio Technologies, Inc.
(U.S.), General Electric Company (U.S.), Siemens AG (Germany), Advantech
Corporation (Taiwan), Neusoft Corporation (China), Medha Servo Drives Pvt. Ltd
(India) among others
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/3740390-global-passenger-information-system-market-by-transportation-mode
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