In Station Segment to Dominate Europe Passenger Information System Market during 2020–2027
According to The Insight Partners market research study on “Europe Passenger Information System Market Forecast to 2027 – COVID-19 Impact and Analysis - By Component (Solution and Services), Location (On Board and In Station), Mode of Transportation (Roadways, Railways, and Waterways and Airways), and Functional Model (Multimedia Display, Audio Systems, Computing Systems, Networking and Communication Devices, video Surveillance, and Content Management Systems)”, the market is expected to reach US$ 12,663.64 million by 2027 from US$ 5,241.72 million in 2019; it is estimated to grow at a CAGR of 11.8% from 2020 to 2027. The report provides trends prevailing in the Europe Passenger Information System market, and the drivers and restraints pertaining to the market growth. Rising focus over consistent, real-time, and reliable passenger information as well as rising frequency of passenger journey through public transport will drive the demand for passenger information system market. However, lack of advanced infrastructure along with high costs associated with passenger information system will hinder the market in developing countries in Europe.
The passenger information system market in Europe is segmented into component, location, mode of transportation, and functional model. Based on component the market is segmented into solution and services. In 2019, solution segment held the largest share of the Europe Passenger Information System Market. The Passenger Information System (PIS) solution is aimed to collects and disperse the updated real-time information by integrating several visual and audio components and wireless communications including Wi-Fi / LTE. Such devices used in PIS solution are quite capable and effective enough to withstanding extreme conditions. Several components are categorized under solutions category which includes, display systems, announcement systems, emergency communication systems, mobile applications, infotainment systems, Passenger counting systems and video monitoring systems. Amongst which, the display systems are extensively used by the end users. Display systems are defined as the systems which are used to display real-time visual information including news, arrival and departure time in transits, advertisements, safety and emergency pop-ups, and several entertainment content so as to effectively and immediately deliver the message to the end-users of the information. However, the outbreak of COVID-19 and lockdown imposed by the governents across Europe is anticipated to have a huge disruption in the growth of various industries across Europe. The governments across Europe are taking measure like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for coming months.
Dysten Sp. z.o.o, Alstom, Cisco Systems Inc., Cubic Corporation, Hitachi, Ltd, Huawei Technologies Co., Ltd, Singapore Technologies Engineering Ltd., Teleste Corporation, Thales Group and Wabtec Corporation among many others. The major players in the passenger information system market are focused on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base.
The Report Segments the Europe Passenger Information System Market as Follows:
Europe Passenger Information System Market, by Component
- Solution
- Services
Europe Passenger Information System Market, by Location
- On Board
- In Station
Europe Passenger Information System Market – by Mode of Transportation
- Roadways
- Railways
- Waterways and Airways
Europe Passenger Information System Market – by Functional Model
- Multimedia display
- Audio Systems
- Computing Systems
- Networking and Communication Devices
- Video Surveillance
- Content Management Systems
Europe Passenger Information System market – by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com