Passenger Information Display System Market Size, Trends and Insights By Display Type (LCD, LED, Others), By Transportation Mode (Roadways, Railways, Airways), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18404

Published Date: September 2022

Pages: 220+

Category: Technology

Reports Description

According to Custom Market Insights (CMI), The Global Passenger Information Display System Market size was estimated at USD 24.87 billion in 2021 and USD 28.8 billion in 2022 and is expected to hit around USD 55.9 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 13.2% from 2022 to 2030.  

An automated system known as a passenger information display system is used to provide customers of public transportation with visual information on the status and nature of public transportation service. It is typically used to keep track of the little things and provide commuters with information like schedules, entertainment, emergency communication services, and news broadcasts. Additionally, it helps travelers obtain pertinent information on the state of various modes of transportation, including buses, trains, and airlines.

Passenger Information Display System Market (By Display Type)

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The demand for real-time transit information for passengers, an increase in security concerns on public transportation, rising financing in intelligent transportation systems, and an increase in the number of travelers using public transportation are some of the factors driving the growth of the global passenger display system market. Due to demands for infotainment and content management, the market for onboard passenger information systems is expanding globally. As a result, scheduled programming technology is used to manage commercial material, eliminating the need for people in transportation agencies. Display systems help to incorporate user data into dynamic displays that guide, inform, and keep users informed as they go along.

The display systems distribute real-time, context-based updates, emergency information, gates, departures, and wayfinding data. Real-time arrivals and departures are broadcast to terminal-wide displays. Moreover, the demand for real-time passenger information systems across all modes of transportation (rail, road, air, and sea) is one of the main factors driving the market.

Growth Factors.

The demand for real-time transit information for passengers, an increase in security concerns on public transportation, rising investment in intelligent transportation systems, and an increase in the number of passengers using public transportation are some of the factors driving the growth of the global passenger display system market.

The market for passenger information display systems is anticipated to expand in the next years due to the integration of cutting-edge technologies like the cloud, big data, and IoT. It has been demonstrated that those who have access to real-time transportation information wait at bus stop 15% less frequently than those who do not. These are just a few advantages of real-time passenger information (RTPI) systems, which give passengers the most recent information on departure timings, arrival dates, and service disruptions, allowing them to plan more effective trips.

Based on historical averages, schedule variances, and automated vehicle location (AVL) data, an RTPI system forecasts these timings. Then, either directly or indirectly, this information is made available to consumers through various interfaces, such as websites, texts, and public signs, or indirectly through an open data feed that mobile app developers may utilize at no cost to the transit agency. This advantage of real-time transit is expected to drive the sales of the passenger information display market in the upcoming time.

Cloud computing is being used to automate many forms of transportation, particularly trains. Through cloud computing, passenger information display systems on roads may track a bus’s location within a certain region and determine when it will arrive, displaying that information on a real-time display at the bus stop. Additionally, a rise in the adoption of cutting-edge connectivity technologies that enable the creation of a virtual cable replacement link that makes it simple to upgrade legacy equipment and connect to the Internet of Things (IoT) has a significant positive impact on the expansion of the global market.

Cloud and data analytics technologies maintain high display efficiency, cost-effective resource allocation, and passenger population monitoring. This is important for the bus management system since it allows for frequency regulation depending on passenger demand along a specific route at each bus stop.

The commuters of today are extremely picky and look for memorable travel experiences. A competent setup and a strong reputation of the transport service provider are indicated by real-time information regarding routes, connections, interruptions, etc. This information aids commuters in better planning and making the most of their time. The level of service provided significantly impacts whether commuters would choose the same mode of transportation again. Giving commuters access to real-time information benefits the transportation service provider and the commuters. The passenger information system display industry is experiencing rapid expansion due to this unconventional behavior.

Due to the growing number of people utilizing public transportation, the industry is expected to expand. The number of passenger travelers has increased significantly over the last three years, and it is projected that this development will continue in the years ahead, despite a decrease in demand for public transportation during the COVID-19 epidemic and the adoption of lockdowns. 

Passenger Information Display System Market Segmentation.

Passenger Information Display System Market, a segment based on display type

The liquid crystal display (LCD) category is predicted to expand at the highest CAGR during the forecast period. These solutions’ advantages, such as static content, one- or double-sided boards, bicolor, and the availability of indoor and outdoor solutions, are driving the adoption of LCD technology. This has led to an upsurge in demand for digital LCD passenger displays.

The Light emitting diodes (LED) market is anticipated to develop at the fastest rate due to the power efficiency and better light output of these displays. Additionally, LED displays’ brightness automatically adjusts to the surrounding environment, providing an excellent reading for passengers both during the day and at night, further encouraging adoption.

Consumers will enjoy the comfort of mind from broadcasting business information with unrivaled resolution and color range owing to LED screens. For even more impact, consumers may even add lighting effects. The energy efficiency of LED technology is another major benefit.

Passenger Information Display System Market, a segment based on transportation mode

According to transportation mode, the airways sector is in the lead. It is anticipated to contribute the most to the passenger information display systems due to expanding passenger display systems in large airports, whether for individual terminals or major airlines. They are used to alert passengers of departure and arrival times, boarding gates, destinations, and alerts for partner airlines and aircraft delays or cancellations.

Passenger Information Display System Market (By Transportation Mode)

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Due to the huge increase in global vehicular traffic over the past few years, the railway segment is anticipated to have the largest growth over the projection period. This is driven by the fact that these displays educate drivers and pedestrians while ensuring a safe and efficient flow of both traffic types.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 7,150 million
Projected Market Size in 2030 USD 19,850 million
CAGR Growth Rate 12.2% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players ALSTOM, HITACHI LTD., INDRA SISTEMAS S.A., MITSUBISHI ELECTRIC CORPORATION, CUBIC CORPORATION, SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED (ST ENGINEERING), TELESTE CORPORATION, SIEMENS AG, THALES GROUP, TOSHIBA CORPORATION., and Others
Key Segment By Display Type, Transportation Mode, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Insights

North America is expected to maintain its prominent position in the passenger information display systems market during the projected period. Due to a larger emphasis on the construction of transportation infrastructure and considerable private and public sector investments in intelligent transportation systems,

North America is anticipated to account for a sizeable portion of the worldwide market for passenger information systems. The dominant nations in the area in terms of investments and transportation initiatives are the U.S. and Canada. It has the biggest concentration of producers of passenger information systems and a sizable industrial infrastructure, both of which enable this market segment to dominate the passenger information display market throughout the foreseeable future.

North America’s strong vendor presence and high R&D expenditure drive the passenger information system market. New improvements to passenger information systems are often unveiled in the U.S. before being sold elsewhere. The U.S.’s robust public transportation infrastructure and network connection have raised a demand for passenger information display systems.

Due to increased commercial expenditures by several organizations in emerging nations like China and India, the passenger information display market in Asia-Pacific is predicted to grow rapidly in the next years. Additionally, to keep up with the intense rivalry in the industry and boost productivity, corporate firms are increasing their investments in passenger display system software along with strong economic growth and expansion in the services sector. Moreover, Asia Pacific is regarded as one of the fastest developing economies due to the increased use of real-time information systems, technical breakthroughs, and government initiatives regarding transportation services. In addition, more money is being invested in metro rail projects, and more people are using public transportation in the area, boosting growth in the Asia Pacific.

Passenger Information Display System Market (trends by region)

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Europe has a significant market share in the passenger information display system market. The advanced and developed nations in this region have displays showing passengers and travel information on airports, metro stations, and roadways terminals.

Key Players

  • ALSTOM
  • HITACHI, LTD.
  • INDRA SISTEMAS, S.A.
  • MITSUBISHI ELECTRIC CORPORATION
  • CUBIC CORPORATION
  • SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED (ST ENGINEERING)
  • TELESTE CORPORATION
  • SIEMENS AG
  • THALES GROUP
  • TOSHIBA CORPORATION

Recent  Development

To provide travel hubs with an easy-to-use audio-visual passenger communication platform, Simple way and Infax, Inc. struck a strategic agreement. Companies hope to provide end customers with a powerful, unified software solution for passenger communication as a result of this agreement.

Segments covered in the report

By Display Type

  • LCD
  • LED
  • Others

By Transportation Mode

  • Roadways
  • Railways
  • Airways

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Passenger Information Display System Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Passenger Information Display System Market: snapshot
  • Chapter 3. Global Passenger Information Display System Market – Industry Analysis
    • 3.1 Passenger Information Display System Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increase In Security Concerns On Public Transportation
      • 3.2.2 Rising Investment In Intelligent Transportation Systems
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Display Type
      • 3.7.2 Market attractiveness analysis By Transportation Mode
  • Chapter 4. Global Passenger Information Display System Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Passenger Information Display System Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Passenger Information Display System Market – Display Type Analysis
    • 5.1 Global Passenger Information Display System Market overview: By Display Type
      • 5.1.1 Global Passenger Information Display System Market share, By Display Type, 2021 and 2030
    • 5.2 LCD
      • 5.2.1 Global Passenger Information Display System Market by LCD, 2022 – 2030 (USD Billion)
    • 5.3 LED
      • 5.3.1 Global Passenger Information Display System Market by LED, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Passenger Information Display System Market – Transportation Mode Analysis
    • 6.1 Global Passenger Information Display System Market overview: By Transportation Mode
      • 6.1.1 Global Passenger Information Display System Market share, By Transportation Mode, 2021 and 2030
    • 6.2 Roadways
      • 6.2.1 Global Passenger Information Display System Market by Roadways, 2022 – 2030 (USD Billion)
    • 6.3 Railways
      • 6.3.1 Global Passenger Information Display System Market by Railways, 2022 – 2030 (USD Billion)
    • 6.4 Airways
      • 6.4.1 Global Passenger Information Display System Market by Airways, 2022 – 2030 (USD Billion)
  • Chapter 7. Passenger Information Display System Market – Regional Analysis
    • 7.1 Global Passenger Information Display System Market Regional Overview
    • 7.2 Global Passenger Information Display System Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Passenger Information Display System Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Passenger Information Display System Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Passenger Information Display System Market, by Display Type, 2022 – 2030
      • 7.4.1 North America Passenger Information Display System Market, by Display Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Passenger Information Display System Market, by Transportation Mode, 2022 – 2030
      • 7.5.1 North America Passenger Information Display System Market, by Transportation Mode, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Passenger Information Display System Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Passenger Information Display System Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Passenger Information Display System Market, by Display Type, 2022 – 2030
      • 7.7.1 Europe Passenger Information Display System Market, by Display Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Passenger Information Display System Market, by Transportation Mode, 2022 – 2030
      • 7.8.1 Europe Passenger Information Display System Market, by Transportation Mode, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Passenger Information Display System Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Passenger Information Display System Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Passenger Information Display System Market, by Display Type, 2022 – 2030
      • 7.10.1 Asia Pacific Passenger Information Display System Market, by Display Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Passenger Information Display System Market, by Transportation Mode, 2022 – 2030
      • 7.11.1 Asia Pacific Passenger Information Display System Market, by Transportation Mode, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Passenger Information Display System Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Passenger Information Display System Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Passenger Information Display System Market, by Display Type, 2022 – 2030
      • 7.13.1 Latin America Passenger Information Display System Market, by Display Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Passenger Information Display System Market, by Transportation Mode, 2022 – 2030
      • 7.14.1 Latin America Passenger Information Display System Market, by Transportation Mode, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Passenger Information Display System Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Passenger Information Display System Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Passenger Information Display System Market, by Display Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Passenger Information Display System Market, by Display Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Passenger Information Display System Market, by Transportation Mode, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Passenger Information Display System Market, by Transportation Mode, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 ALSTOM
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 HITACHI LTD.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 INDRA SISTEMAS S.A.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 MITSUBISHI ELECTRIC CORPORATION
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 CUBIC CORPORATION
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED (ST ENGINEERING)
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 TELESTE CORPORATION
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 SIEMENS AG
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 THALES GROUP
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 TOSHIBA CORPORATION
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Passenger Information Display System Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Passenger Information Display System Market attractiveness, By Display Type
  • 6. Global Passenger Information Display System Market attractiveness, By Transportation Mode
  • 7. Global Passenger Information Display System Market share by Display Type, 2022 and 2030 (USD Billion)
  • 8. Global Passenger Information Display System Market by LCD, 2022 – 2030 (USD Billion)
  • 9. Global Passenger Information Display System Market by LED, 2022 – 2030 (USD Billion)
  • 10. Global Passenger Information Display System Market share by Transportation Mode, 2022 and 2030 (USD Billion)
  • 11. Global Passenger Information Display System Market by Roadways, 2022 – 2030 (USD Billion)
  • 12. Global Passenger Information Display System Market by Railways, 2022 – 2030 (USD Billion)
  • 13. Global Passenger Information Display System Market by Airways, 2022 – 2030 (USD Billion)
  • 14. Global Passenger Information Display System Market share, by Region, 2022 and 2030
  • 15. North America Passenger Information Display System Market, 2022 – 2030 (USD Billion)
  • 16. Europe Passenger Information Display System Market, 2022 – 2030 (USD Billion)
  • 17. Asia Pacific Passenger Information Display System Market, 2022 – 2030 (USD Billion)
  • 18. Latin America Passenger Information Display System Market, 2022 – 2030 (USD Billion)
  • 19. The Middle-East and Africa Passenger Information Display System Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Passenger Information Display System Market: Snapshot
  • 2. Drivers of the Passenger Information Display System Market: impact analysis
  • 3. North America Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 4. North America Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 5. U.S. Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 7. Canada Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 8. Canada Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 9. Europe Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 10. Europe Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 11. Germany Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 12. Germany Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 13. France Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 14. France Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 15. U.K. Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 17. Italy Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 18. Italy Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 19. Spain Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 20. Spain Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 25. China Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 26. China Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 27. Japan Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 28. Japan Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 29. India Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 30. India Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 31. South Korea Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 37. Latin America Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 39. Brazil Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 41. Mexico Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 49. South Africa Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Passenger Information Display System Market revenue, By Display Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Passenger Information Display System Market revenue, By Transportation Mode, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • ALSTOM
  • HITACHI, LTD.
  • INDRA SISTEMAS, S.A.
  • MITSUBISHI ELECTRIC CORPORATION
  • CUBIC CORPORATION
  • SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED (ST ENGINEERING)
  • TELESTE CORPORATION
  • SIEMENS AG
  • THALES GROUP
  • TOSHIBA CORPORATION

FAQs

The “North America” region will lead the global Passenger Information Display System market during the forecast period 2022 to 2030.

The key factor driving the market is Increase In Security Concerns On Public Transportation, Rising Investment In Intelligent Transportation Systems

The key players operating in the Passenger Information Display System market are ALSTOM, HITACHI LTD., INDRA SISTEMAS S.A., MITSUBISHI ELECTRIC CORPORATION, CUBIC CORPORATION, SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED (ST ENGINEERING), TELESTE CORPORATION, SIEMENS AG, THALES GROUP, TOSHIBA CORPORATION.

The global Passenger Information Display System market is expanding growth with a CAGR of approximately 13.2% during the forecast period (2022 to 2030).

The global Passenger Information Display System market size was valued at USD 24.87 billion in 2021 and it is projected to reach around USD 55.9 billion by 2030.

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