Europe Passenger Information System Market Growth and Forecast by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Europe Passenger Information System Market Forecast to 2027 - COVID-19 Impact and Regional 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)
- Report Date : Jan 2021
- Report Code : TIPRE00018156
- Category : Technology, Media and Telecommunications
- Status : Published
- Available Report Formats :
- No. of Pages : 99
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)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 5,241.72 Million |
| Market Size by 2027 | US$ 12,663.64 Million |
| Global CAGR (2020 - 2027) | 11.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
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The List of Companies- Europe Passenger Information System Market
- 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
- Wabtec Corporation
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