Europe Passenger Information System Market Growth and Forecast by 2027

The Europe Passenger Information System market is expected to grow from US$ 5,241.72 million in 2019 to US$ 12,663.64 million by 2027; it is estimated to grow at a CAGR of 11.8% from 2020 to 2027.

Russia, Germany, France, Italy, UK are major economies in Europe. Rising frequency of passenger journey through public transport will drive the demand for passenger information system market. Public transportation comprises of different transit options including buses, rail or metros, airways and subways. Such systems play significant role for those people who cannot drive or do not have access to personal vehicles. Also, such systems are quite cost-effective, safer and sustainable solution. The rapid rise in population density has led to a change in infrastructural set-up in urban centers. Also, high disposable income and shift in working demographic are other factors promoting the demand for public transport across passengers.

Further, the growing demand for advanced transit operations and growing preference towards interconnected, digitized, smart and safe journey to uplift the overall experience has driven the demand for passenger information system in public transportation. Public transport has gained rapid momentum across urban infrastructural set-up following which the governments across the world are offering several transport-related subsidies to the various modes of transportation. The rising frequency of passenger journey through public transport has significantly proliferated the growth of public transport sector and hence, generating the demand for Passenger Information Systems (PIS) market

Presently, major countries in Europe are under lockdown due to the COVID 19 pandemic. In the high-impact countries in the region, isolation and social distancing measures have been put in place. The lesser production of goods and commodities is hampering the growth of the Europe Passenger Information System Market as the demand for these solutions has declined over the past couple of months. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe Passenger Information System Market. The market is expected to grow at a good CAGR during the forecast period.

Europe Passenger Information System Market Revenue and Forecast to 2027 (US$ Mn)

Europe Passenger Information System Market Segmentation

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
• Russia
• UK
• Rest of Europe

Europe Passenger Information System Report Scope