[Latest] Global Passenger Information Display System Market

Austin, TX, USA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Passenger Information Display System Market Size, Trends and Insights By Display Type (LCD, LED, Others), By Transportation Mode (Roadways, Railways, Airways), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Passenger Information Display System Market size & share was valued at approximately USD 24.87 Billion in 2021 and is expected to reach USD 28.8 Billion in 2022 and is expected to reach a value of around USD 55.9 Billion by 2030, at a compound annual growth rate (CAGR) of about 13.2% during the forecast period 2022 to 2030.”

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Market Overview:

An automated system called a passenger information display system is employed to give users of public transportation visual information about the condition and kind of service.

The need for the passenger information display system market is driven by an increase in the demand from passengers for accurate real-time transit information, improvements in the telecommunications sector to enable quicker data transfer, and an increase in the use of cloud & big data technologies among the transportation industry. Additionally, growing security concerns on public transportation increased funding for intelligent transportation systems, and an increase in the number of travelers utilizing public transportation are some factors propelling the growth of the worldwide passenger display system market.

Passengers at stations or cars can view real-time visual information on display devices. Display systems assist in integrating passenger data into dynamic displays that direct, educate, and keep passengers updated as they proceed. Wayfinding, gates, departures, emergency information, and real-time, context-based updates are all shared through the display systems. These systems reduce missed transfers and wait times with real-time arrivals and departures pushed directly to screens throughout terminals. They also assist in delivering news, advertisements, safety and emergency messages, and entertainment content for the efficient and prompt delivery of information to passengers.

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Market Dynamics

Drivers

Demand for passenger information display systems will increase as more transportation companies strive to give customers accurate and reliable real-time travel information. Some market growth drivers include the rising use of mobile devices, the internet, and the need for passengers and travelers to look for factual information to improve connectivity and safe travel.

The demand for sophisticated transportation systems and rising lot usage in the transportation sector are driving the growth of the passenger information display system market. One of the major factors driving the market expansion for traveler data frameworks is the growing need for passengers for accurate and reliable continual trip data. In addition, a rise in demand for intelligent transportation systems, along with advancements in media transmission to enable faster information transfer capabilities, is fueling the market growth.

Additionally, the need for smart transportation systems is growing, and the Internet of Things (IoT), the cloud, and significant information improvements in the transportation sector are boosting the sales of traveler data displays worldwide.

The market is anticipated to grow due to the rising number of passengers using public transportation services. Despite a decline in demand for public transportation during the COVID-19 pandemic and the implementation of lockdowns, there has been strong growth in total passenger journeys over the past three years, and this growth is anticipated to continue in the years to come.

Due to an increase in corporate investments made by various corporations in developing nations like China and India, the passenger information display system market is driving. Additionally, to keep up with the fierce competition in the market and boost productivity, corporate firms are increasing their investments in passenger display system software along with strong economic growth and expansion in the services sector.

Restraints

Strict transportation regulatory rules are the constraint. COVID-19’s effects on the raw material supply chain have created additional difficulties that must be overcome. It may hamper the growth of the global passenger information display system market.

(A free sample of the Passenger Information Display System report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Passenger Information Display System report has been modified to include the COVID-19 impact study prior to delivery.)

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Opportunities

Big data and analytics would speed up decision-making and give more control over public transportation systems in the market for passenger information displays. It not only reduces decision-making latency for linked devices but also offers more scalability. Additionally, because cloud platforms have built-in security, data management, and data analytics, providers of passenger information display systems are using them to store and process enormous volumes of data.

Edge analytics gathers, observes, and analyzes data from network devices, including sensors, routers, gateways, and switches at the network’s edge. Edge analytics would provide closed-circuit televisions (CCTVs) and security cameras with fast analytical capabilities in the dense ecosystem of smart public transit. Therefore, it would be a profitable opportunity for manufacturers of passenger information display systems to implement this technology and offer the industry substantial growth potential.

Challenges

Installation of a passenger information display system is expensive since it necessitates a complete overhaul of the current system. Railways and municipal bus services are originally under government control in most nations. Governments all across the world place a high priority on building airports and metro systems while investing little or nothing in trains and buses. Additionally, a lot of paperwork and bureaucracy at all levels slows decision-making, influencing the adoption of innovative technology like passenger information display systems.

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Key questions answered in this report:

What is the size of the Passenger Information Display System market and what is its expected growth rate?
What are the primary driving factors that push the Passenger Information Display System market forward?
What are the Passenger Information Display System Industry's top companies?
What are the different categories that the Passenger Information Display System Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Passenger Information Display System market sample report and company profiles?

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Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Report Highlights

Based on display type, the liquid crystal display (LCD) category is expected to grow at the greatest CAGR and is projected to be in a dominant position in the future. Due to its ability to survive various environmental difficulties, the sturdy, digital LCD passenger display has increased in popularity. The popularity of LCD technology is also being fueled by several characteristics offered by these solutions, including static content, one- or double-sided boards, bicolor, and the availability of indoor as well as outdoor solutions.

Based on transportation mode, the airways segment is the leading segment and is expected to make the largest contribution due to the increase in passenger display system deployment at big airports for each terminal or major airline.

Regional Snapshots

North America held a dominant position and is predicted to dominate during the forecast period in the passenger information display system market. Many businesses in the area have quickly embraced and invested in cutting-edge technology like big data, analytics, and cloud platforms.

The existence of major corporations and the rising need among companies to automate corporate decision-making processes to boost efficiency are other factors that fuel the growth of the passenger information display system market. Due to its dominance in North America, the U.S. has seen rapid advancements in automobile technology, high usage requirements, and the quality of wire and cable. The need for information display is dominating in this region due to the number of travelers during the forecasted period.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 24.87 billion
Projected Market Size in 2030	USD 55.9 billion
CAGR Growth Rate	13.2% CAGR (2022-2030)
Base Year	2022
Forecast Period	2023-2032
Prominent Players	ALSTOM, HITACHI LTD., INDRA SISTEMAS S.A., MITSUBISHI ELECTRIC CORPORATION, CUBIC CORPORATION, SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED (ST ENGINEERING), TELESTE CORPORATION, SIEMENS AG, THALES GROUP, TOSHIBA CORPORATION., and Others
Key Segment	By Display Type, Transportation Mode, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

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Recent developments.

Perpetuum, a British rail technology company that was a pioneer in providing digital solutions for enhancing train dependability and performance, was bought by Hitachi Rail. Perpetuum’s digital solutions would broaden the use of the technological solutions in Hitachi’s worldwide transportation portfolio as part of the agreement.

Key Players

ALSTOM
HITACHI, LTD.
INDRA SISTEMAS, S.A.
MITSUBISHI ELECTRIC CORPORATION
CUBIC CORPORATION
SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED (ST ENGINEERING)
TELESTE CORPORATION
SIEMENS AG
THALES GROUP
TOSHIBA CORPORATION
Others

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Segments covered in the report

By Display Type

LCD
LED
Others

By Transportation Mode

Roadways
Railways
Airways

By Component

Hardware
Software
Services

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On the basis of Geography

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Passenger Information Display System Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Passenger Information Display System Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Passenger Information Display System Market? What Was the Capacity, Production Value, Cost and PROFIT of the Passenger Information Display System Market?
What Is the Current Market Status of the Passenger Information Display System Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Passenger Information Display System Market by Considering Applications and Types?
What Are Projections of the Global Passenger Information Display System Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Passenger Information Display System Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Passenger Information Display System Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Passenger Information Display System Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Passenger Information Display System Industry?

Click Here to Access a Free Sample Report of the Global Passenger Information Display System Market @ https://www.custommarketinsights.com/report/passenger-information-display/

Reasons to Purchase Passenger Information Display System Market Report

Passenger Information Display System Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Passenger Information Display System Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Passenger Information Display System Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Passenger Information Display System Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Passenger Information Display System market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Passenger Information Display System market analysis.

The competitive environment of current and potential participants in the Passenger Information Display System market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Passenger Information Display System market should find this report useful. The research will be useful to all market participants in the Passenger Information Display System industry.
Managers in the Passenger Information Display System sector are interested in publishing up-to-date and projected data about the worldwide Passenger Information Display System market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Passenger Information Display System products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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