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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Location, Mode of Transportation, and Functional Model
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Passenger Information System Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Passenger Information System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Focus over Consistent, Real-Time, and Reliable Passenger Information
5.1.2 Rising Frequency of Passenger Journey Through Public Transport
5.2 Restraint
5.2.1 Lack of Advanced Infrastructure along with High Costs Associated with PIS
5.3 Opportunity
5.3.1 Increasing adoption of IoT and big data to enhance passenger travel experiences
5.4 Future Trend
5.4.1 Adoption of Advanced Passenger Information System for Border Security and Control
5.5 Impact Analysis of Drivers and Restraints
6. Passenger Information System– North America Market Analysis
6.1 Passenger Information System Market Overview
6.2 North America Passenger Information System Market–Revenue and Forecast to 2027 (US$ Mn)
7. Passenger Information System Market Analysis – By Component
7.1 Overview
7.2 North America Passenger Information System Market, By Component (2019 and 2027)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 Services: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
8. Passenger Information System Market Analysis – By Location
8.1 Overview
8.2 North America Passenger Information System Market, By Location (2019 and 2027)
8.3 On Board
8.3.1 Overview
8.3.2 On Board: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 In Station
8.4.1 Overview
8.4.2 In Station: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
9. Passenger Information System Market Analysis – By Mode of Transportation
9.1 Overview
9.2 North America Passenger Information System Market, By Mode of Transportation (2019 and 2027)
9.3 Roadways
9.3.1 Overview
9.3.2 Roadways: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
9.4 Railways
9.4.1 Overview
9.4.2 Railways: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
9.5 Waterways and Airways
9.5.1 Overview
9.5.2 Waterways and Airways: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
10. Passenger Information System Market Analysis – By Functional Model
10.1 Overview
10.2 North America Passenger Information System Market, By Component (2019 and 2027)
10.3 Multimedia Display
10.3.1 Overview
10.3.2 Multimedia Display: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
10.4 Audio Systems
10.4.1 Overview
10.4.2 Audio Systems: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
10.5 Computing Systems
10.5.1 Overview
10.5.2 Computing Systems: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
10.6 Networking and Communication Devices
10.6.1 Overview
10.6.2 Networking and Communication Devices: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
10.7 Video Surveillance
10.7.1 Overview
10.7.2 Video Surveillance: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
10.8 Content Management System
10.8.1 Overview
10.8.2 Content Management System: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
11. Passenger Information System Market – Country Analysis
11.1 Overview
11.1.1 North America: Passenger Information System Market, by Key Country
11.1.2 US: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million)
11.1.2.1.1 US: Passenger Information System Market, by Component
11.1.2.1.2 US: Passenger Information System Market, by Location
11.1.2.1.3 US: Passenger Information System Market, by Mode of Transportation
11.1.2.1.4 US: Passenger Information System Market, by Functional Model
11.1.2.2 Canada: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million)
11.1.2.2.1 Canada: Passenger Information System Market, by Component
11.1.2.2.2 Canada: Passenger Information System Market, by Location
11.1.2.2.3 Canada: Passenger Information System Market, by Mode of Transportation
11.1.2.2.4 Canada: Passenger Information System Market, by Functional Model
11.1.2.3 Mexico: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million)
11.1.2.3.1 Mexico: Passenger Information System Market, by Component
11.1.2.3.2 Mexico: Passenger Information System Market, by Location
11.1.2.3.3 Mexico: Passenger Information System Market, by Mode of Transportation
11.1.2.3.4 Mexico: Passenger Information System Market, by Functional Model
12. Overview- Impact of Coronavirus outbreak
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Company Profiles
13.1 Alstom
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hitachi, Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cubic Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Cisco Systems Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 Thales Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Wabtec Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Huawei Technologies Co., Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 Teleste Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Singapore Technologies Engineering Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Passenger Information System Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. US Passenger Information System Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 3. US Passenger Information System Market, by Location– Revenue and Forecast to 2027 (USD Million)
Table 4. US Passenger Information System Market, by Mode of Transportation– Revenue and Forecast to 2027 (USD Million)
Table 5. US Passenger Information System Market, by Functional Model– Revenue and Forecast to 2027 (USD Million)
Table 6. Canada Passenger Information System Market, by Component– Revenue and Forecast to 2027 (USD Million)
Table 7. Canada Passenger Information System Market, by Location – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada Passenger Information System Market, by Mode of Transportation – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada Passenger Information System Market, by Functional Model– Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico Passenger Information System Market, by Component– Revenue and Forecast to 2027 (USD Million)
Table 11. Mexico Passenger Information System Market, by Location – Revenue and Forecast to 2027 (USD Million)
Table 12. Mexico Passenger Information System Market, by Mode of Transportation – Revenue and Forecast to 2027 (USD Million)
Table 13. Mexico Passenger Information System Market, by Functional Model – Revenue and Forecast to 2027 (USD Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Passenger Information System Market Segmentation
Figure 2. North America Passenger Information System Market Segmentation – By Countryy
Figure 3. North America Passenger Information System Market Overview
Figure 4. Solution Segment Held Largest Share of North America Passenger Information System Market
Figure 5. US Region Held Largest Share of North America Passenger Information System Market
Figure 6. North America Passenger Information System Market, Key Market Players
Figure 7. North America PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Passenger Information System Market Impact Analysis of Drivers and Restraints
Figure 11. North America Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 12. North America Passenger Information System Market Revenue Share, By Component (2019 and 2027)
Figure 13. Solution: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 14. Services: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 15. North America Passenger Information System Market Revenue Share, By Location (2019 and 2027)
Figure 16. On Board: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 17. In Station: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 18. North America Passenger Information System Market Revenue Share, By Mode of Transportation (2019 and 2027)
Figure 19. Roadways: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 20. Railways: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 21. Waterways and Airways: North America Passenger Information System Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 22. North America Passenger Information System Market Revenue Share, By Component (2019 and 2027)
Figure 23. Multimedia Display: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 24. Audio Systems: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 25. Computing Systems: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 26. Networking and Communication Devices: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 27. Video Surveillance: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 28. Content Management System: North America Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 29. North America: Passenger Information System Market Revenue Share, by Key Country (2019 and 2027)
Figure 30. US: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Canada: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million)
Figure 32. Mexico: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in North American Country Markets
- Alstom
- Cisco Systems Inc.
- Cubic Corporation
- Hitachi, Ltd
- Huawei Technologies Co., Ltd
- Singapore Technologies Engineering Ltd.
- Teleste Corporation
- Thales Group
- Wabtec Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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