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Global Passenger Information System Market it is Expected to Reach More than US$ XX Mn by 2027
Passenger information system (PIS) involves a group of automated dedicated systems to supply real time information to users of conveyance through visual, voice or the other media. Its being commonly won’t to track details and supply information like scheduling, entertainment, news broadcasts, and emergency communication services to the commuters.
It helps passengers in achieving relevant information regarding the status of varied transportation mediums like airplanes, trains, and buses. Railways, bus stops or underground stations – compared with more organized surrounding like airports or trade centers need accurately planned display systems and instruments so as to extend efficiency and passenger experience.
“Global Passenger Information System Market was Valued at US$ XX Mn in 2018 and it is Expected to Reach More than US$ XX Mn by 2027, Likely to Grow with the CAGR of 9.12% During the Forecast Period”
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North America and Europe hold a significant share within the global market on account of state-of-the-art infrastructure and presence of the many key players in these regions. The market in Asia Pacific is predicted to grow at the very best CAGR over the projected period due to huge investments being made by market players in these regions. Increasing spending by governments in these regions to evolve their existing transportation infrastructure are often seen as another major factor driving the market growth during this region over the projected period.
On August 2019, Televic Rail announced the acquisition of German train, metro and tram passenger data system supplier GSP Sprachtechnologie as a part of its international growth strategy.
On October 2017, Teleste announced the acquisition of iqu Systems GmbH, through the acquisition, Teleste would complement its offering of passenger information solutions for conveyance, one among the company’s key focus areas.
Key industry players like Avanquest lstom, GE Transportation, Hitachi, Ltd., Huawei Technologies Co., Ltd., Cubic Corporation, Infax, Inc., Passio Technologies, Siemens AG, Advantech Co., Ltd., and Neusoft Corporation, among others.
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