North America Passenger Information System Market Analysis, Size, and Share by 2027

The North America Passenger Information System market is expected to grow from US$ 5,912.57 million in 2019 to US$ 13,257.96 million by 2027; it is estimated to grow at a CAGR of 10.7% from 2020 to 2027.

The US, Canada and Mexico are major economies in North America. Rising focus over consistent, real-time, and reliable passenger information will drive the North America Passenger Information System Market. Passenger information system market acts as the secured link between a transit agency and passengers, providing and dispersing the significant information needed for each of its end-user. Such systems record and tracks down the necessary data related to real-time vehicle location along with current status updates, tentative schedule of journey, and much more. Such systems, thus, important information required by its end user, reaches in no-time without any defaults or changes, hence, such systems hold significance across the world. These systems deploy the use of several interconnected devices, installed on platform or depots or any mode of transportation. They manage data and deliver reliable and accurate real-time transit information which is significantly promoting the growth of passenger information system market. A reliable information regarding change in routes, arrival times, connections, disruptions, and other services needs to pour in real time, which has propelled the demand for effective passenger information system. Furthermore, advancements in the telecommunication sector to enable faster data transfer capabilities, surge in IoT adoption in transportation sector, and increase in demand for intelligent transportation systems are the major factors responsible for the growth of the market.

Presently, major countries in North America 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 North America 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 North America Passenger Information System Market. The market is expected to grow at a good CAGR during the forecast period.

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

North America Passenger Information System Market Segmentation

North America Passenger Information System Market, by Component

• Solution
• Services

North America Passenger Information System Market, by Location

• On Board
• In Station

North America Passenger Information System Market – by Mode of Transportation

• Roadways
• Railways
• Waterways and Airways

North America Passenger Information System Market – by Functional Model

• Multimedia display
• Audio Systems
• Computing Systems
• Networking and Communication Devices
• Video Surveillance
• Content Management Systems

North America Passenger Information System market – by Country

• US
• Canada
• Mexico

North America Passenger Information System Report Scope