What are the Historical Developments and Current Growth Metrics of the Automated Passenger Information System Market?
The automated passenger information system market has seen considerable growth due to a variety of factors.
• The market size for automated passenger information systems has been expanding swiftly over the last few years. Projected growth from $12.02 billion in 2024 to $14.14 billion in 2025 corresponds to a compound annual growth rate (CAGR) of 17.7%.
Contributing factors to this growth during the historic period include government regulations and initiatives, passenger volume, specific events, regulatory modifications, and historical passenger data.
What Does Future Hold for The Automated Passenger Information System Market By 2029?
The automated passenger information system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for automated passenger information systems is anticipated to experience swift expansion in the ensuing years, escalating to $24.86 billion by 2029, with a compound annual growth rate (CAGR) of 15.2%.
The upturn during the forecast period can be associated with factors such as burgeoning city populations, a surge in demand for public transport systems and dependable, user-friendly information systems, and public transit networks. Major driving trends during this period are projected to be real-time data integration, augmented personalization, multimodal connectivity, predictive analytics, and the integration of smart infrastructure.
What Are The Primary Growth Drivers In The Automated Passenger Information System Market?
The projected growth of the automated passenger information system market is likely to be fueled by the increasing need for public transport. Public transport encompasses a structured transportation network for general public use, usually based on a timetable and follows fixed routes. As cities grow, there is a rising requirement for effective transport systems to manage the movement of large populations within these urban areas. Automated passenger information systems, which offer real-time updates to passengers, are used in various public transport modes to increase efficiency. In December 2023, the National Statistics Institute (Instituto Nacional de Estadística), a Spain-based government entity that supplies demography and economy statistics, reported a 12.1% increase in the number of public transport passengers from 2022. To add, the annual growth rates for urban and inter-city transport were 15.4% and 10.1%, respectively. Thus, the growing need for public transport is accelerating the progress of the automated passenger information system market.
What Is The Segmentation Of The Global Automated Passenger Information System Market?
The automated passenger information system market covered in this report is segmented –
1) By Type: Passenger Information Display Systems, Emergency Communication Systems, Passenger Information Announcement Systems, Infotainment Systems, Passenger Information Mobile Applications, Other Types
2) By Component: Hardware, Software
3) By Application: Buses, Trains, Ferryboats, Other Applications
4) By End-User: Private Transportation Operators, Public Transport Authorities
Subsegments:
1) By Passenger Information Display Systems: LED Display Boards, Digital Signage Solutions
2) By Emergency Communication Systems: Public Address Systems, Emergency Alert Systems
3) By Passenger Information Announcement Systems: Automated Voice Announcement Systems, Text-To-Speech Systems
4) By Infotainment Systems: Integrated Multimedia Information Systems, Entertainment Systems For Passengers
5) By Passenger Information Mobile Applications: Real-Time Tracking Apps, Notification And Update Apps
6) By Other Types: Sensor-Based Information Systems, Cloud-Based Management Solutions
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What Emerging Trends Are Influencing The Growth Of The Automated Passenger Information System Market?
Leading organizations in the automated passenger information system industry are working to innovate and introduce new products like digital passenger information solutions, to intensify their market standing. This state-of-the-art technology caters personally to multiple aspects related to traffic and transport, including the provision of real-time and non-dynamic journey info. For instance, Wiener Linien, an Austrian public transit service organization, rolled out a novel digital passenger information system for their new X-car metro trains in January 2022. This system delivers lively visual data to commuters, improving their commuting convenience and efficacy. This sophisticated passenger information system aims to augment the overall commuter experience by providing live updates as per their requirements. In a collaborative effort, Siemens Mobility and Wiener Linien designed the passenger info plus system for public transport in Vienna. This system, uniquely featured in X-cars with interactive screens, provides live updates on exit routes, transit alternatives, and the present location of the train. It guarantees that passengers get timely alerts about the metro network status and other pertinent details.
Who Are the Key Players In The Automated Passenger Information System Market?
Major companies operating in the automated passenger information system market are:
• Huawei Technologies Co. Ltd.
• Hitachi Ltd.
• Siemens AG
• Cisco Systems Inc.
• Mitsubishi Electric Corporation
• Thales Group
• ALSTOM Holdings
• GE Transportation
• Indra Sistemas S.A.
• Advantech Co. Ltd.
• Cubic Corporation
• Teleste Oy
• Eurotech SpA
• Postec Technology
• Clever Devices Ltd.
• Trapeze Group
• Infodev Electronic Designers International
• Quester Tangent Corporation
• DILAX Intelcom GmbH
• Iris-GmbH
• EKE-Electronics Ltd.
• GMV Syncromatics
• ICON Multimedia SL
• Retail Sensing Ltd.
• Efftronics Systems Pvt. Ltd.
• Urban Transportation Associates
• LOT Group
• Lunetta
• Medha Servo Drives Private Limited
• Passio Technologies Inc.
• r2p GmbH
What Are The Regional Insights Into The Automated Passenger Information System Market?
North America was the largest region in the automated passenger information system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated passenger information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
