Passenger Information System Market

The global passenger information system market size is projected to grow from USD 29.3 billion in 2023 to USD 52.6 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 12.4%. Continued growth in the passenger information system market is fueled by several reasons including reduction in operational cost, increased efficiency and productivity, and enhanced accessibility. Passenger information systems play a significant role in modern transportation to improve passengers' travel experience by providing real-time updates on arrival and departure times, delays, disruptions, and route changes.

Leading Passenger Information System Companies include

• Advantech Co., Ltd. (Taiwan)
• Alstom SA (France)
• Wabtec Corporation (US)
• Siemens AG (Germany)
• Icon Multimedia (Spain) and many more....

These companies are at the forefront of providing innovative passenger information solutions to enhance the travel experience for passengers and improve operational efficiency for transportation operators .

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Advantech Co., Ltd. (Taiwan)

Advantech, a publicly held company, provides IoT intelligent systems and embedded platforms. The company uses technologies that include IoT, big data, and artificial intelligence (AI) and promotes IoT hardware and software solutions with the Edge Intelligence WISE-PaaS core to assist its clients in connecting their industrial chains. Further, the company operates through the business segments, namely, Industrial Internet of Things Services (IIoT), Embedded Board and Design-in Services (EIoT), Allied Design and Manufacturing Services (Allied DMS), Intelligent Services (SIoT), and Global Customer Services (AGS & APS). As of March 2023, the company had annual revenue of USD 2.3 billion and had 9,430 employees.

In the PIS market, Advantech has competitive offering for the transportation industry, particularly railway transportation with systems that support automatic fare collection, signaling, rolling stock, and station management. The company is enabling intelligent transportation systems to develop smart city solutions through this offering. The intelligent transportation systems include a rolling stock controller, which caters to the requirements in applications of rolling stock and a vehicle monitoring system. Moreover, the wayside controller series provides various applications, such as communication-based train control, wayside signaling, and train control system. Furthermore, the company offers the MIO-5850 for integrating PIS in high-speed railway (HSR). This system requires advanced technical infrastructure systems to support rolling stock and operations. These systems cater to strategic and cross-sector problems related to human, financial, commercial, and managerial concerns.

Alstom SA (France)

Alstom, a publicly held company, offers a complete range of equipment and services, from high-speed trains, metros, trams, and e-buses to integrated systems, customized services, infrastructure, signaling, and digital mobility solutions. As of March 2023, Alstom generated revenue of USD 17.9 billion, invested USD 682 million in R&D, and had 80,183 total employees. In the light-rail vehicle segment, Alstom Citadis offers modern mobility solutions for the modern-day city in the light-rail sector.

Alstom provides solutions that deliver security and fluidity to passengers and operations by optimizing real-time performance in signaling and multimodality, offering connectivity, and automating driving. The company offers its Optimet OrbanMap, and augmented passenger information system, which enables better and more cost-effective service by using video analysis of platforms. Moreover, the Optimet OrbanMap provides the operators with detailed information on the number of passengers boarding, alighting, and waiting at a station by dividing the platform into an exchange area and a waiting area. Furthermore, Nomad, an owned Alstom subsidiary, provides innovative real-time passenger solutions via passenger devices and/or vehicle displays. This covers extensive passenger services, including internet access, travel information, entertainment delivery, and security applications.

Wabtec Corporation (US)

Wabtec Corporation, based in the United States, is a leading provider of equipment, systems, and services for the global rail industry. With a history dating back over 150 years, Wabtec is known for its innovative solutions in freight and transit rail transportation, including locomotives, freight cars, signaling and train control systems, and maintenance services. The company's products and technologies play a vital role in enhancing the safety, efficiency, and sustainability of rail operations worldwide. Wabtec's commitment to innovation and customer satisfaction has solidified its position as a trusted partner for rail operators seeking cutting-edge solutions to meet their evolving needs.

Siemens AG (Germany)

Siemens AG, headquartered in Germany, is a multinational conglomerate with operations spanning various sectors, including electrification, automation, and digitalization. As a global leader in industrial technology, Siemens offers a wide range of products and services, from power generation and transmission to industrial automation and smart infrastructure solutions. The company's innovative technologies drive progress in areas such as energy efficiency, mobility, healthcare, and manufacturing. With a strong focus on sustainability and digital transformation, Siemens continues to shape the future of industries worldwide, delivering solutions that improve efficiency, reliability, and sustainability.

Icon Multimedia (Spain)

Icon Multimedia, based in Spain, is a leading provider of digital signage and audiovisual communication solutions. Specializing in software development and integration, Icon Multimedia offers a comprehensive suite of products for managing and delivering multimedia content across diverse digital signage networks. From retail and transportation to corporate and hospitality environments, Icon Multimedia's solutions enable organizations to create engaging and dynamic digital experiences for their audiences. With a focus on innovation and customer satisfaction, the company continues to expand its presence globally, empowering businesses to leverage the power of digital signage to enhance communication, branding, and customer engagement.

Related Reports:

Passenger Information System Market By Solution (Display System, Announcement System, Emergency Communication System, Infotainment System), Transportation Mode (Railways, Roadways, Airways & Waterways) - Global Forecast to 2028