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Automated Passenger Information System Market Transformation: Key Market Size Changes in Recent Years
The market size for the automated passenger information system has seen significant expansion in the past few years. It’s predicted to rise from $12.02 billion in 2024, culminating in a value of $14.06 billion by 2025 with an annual compounded growth rate of 17.0%.
This growth during the historic period is due to factors such as government rules and initiatives, volume of passengers, unique events, regulatory adjustments, and previously recorded passenger data.
In the ensuing years, a swift expansion is projected in the market size for the automated passenger information system, reaching $24.54 billion by 2029 with a compound annual growth rate (CAGR) of 14.9%. Factors contributing to this growth in the anticipated period include the increase in city populations, the need for public transit systems, necessity for trustworthy and user-friendly information systems, and public transportation networks.
The future trends of this sector will be characterized by the incorporation of real-time data, improved personalization, multimodal linkages, predictive analytics, and integration into smart infrastructure.
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What’s Behind the Consistent Growth of the Automated Passenger Information System Industry?
The anticipated increase in the need for public transportation is set to boost the expansion of the automated passenger information system market. Public transport involves a systematic mode of transportation accessible to everyone, usually regulated on a timetable and operates on fixed routes.
With the growth of urban areas, there is a surge in demand for efficient transport systems to cater to mass population movement within cities. Automated passenger information systems, employed in various public transport modes, improve effectiveness and deliver real-time details to passengers.
For instance, data from the National Statistics Institute (Instituto Nacional de Estadística), a Spain-based government agency that provides demographics and economic statistics, showed a 12.1% increase in the number of users of public transport in December 2023 compared to 2022. The yearly growth rates for urban and inter-city travel recorded 15.4% and 10.1% respectively.
Hence, the increasing need for public transport propels the growth of the automated passenger information system market.
Top Revenue-Generating Segments in the Automated Passenger Information System Market
The automated passenger information systemmarket covered in this report is segmented –
1) By Type: Passenger Information Display Systems, Emergency Communication Systems, Passenger Information Announcement Systems, Infotainment Systems, Passenger Information Mobile Applications, Other Types
2) By Component: Hardware, Software
3) By Application: Buses, Trains, Ferryboats, Other Applications
4) By End-User: Private Transportation Operators, Public Transport Authorities
Subsegments:
1) By Passenger Information Display Systems: LED Display Boards, Digital Signage Solutions
2) By Emergency Communication Systems: Public Address Systems, Emergency Alert Systems
3) By Passenger Information Announcement Systems: Automated Voice Announcement Systems, Text-To-Speech Systems
4) By Infotainment Systems: Integrated Multimedia Information Systems, Entertainment Systems For Passengers
5) By Passenger Information Mobile Applications: Real-Time Tracking Apps, Notification And Update Apps
6) By Other Types: Sensor-Based Information Systems, Cloud-Based Management Solutions
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What Technological Trends Are Set to Revolutionize the Automated Passenger Information System Market?
Leading enterprises within the automated passenger information system industry are concentrating their efforts on the creation of innovative merchandise, such as digital passenger information systems, to bolster their market standing. This progressive technology offers tailored solutions for diverse traffic and transportation scenarios, providing real-time and static journey information.
For example, in January 2022, Wiener Linien, a public transportation service provider located in Austria, introduced a groundbreaking digital passenger information system for their new X-car metro trains. This system delivers dynamic visual data to passengers, making their commute more comfortable and efficient.
The main goal of this advanced passenger information system is to improve the passenger experience by offering real-time data as necessary. In a collaboration between Siemens Mobility and Wiener Linien, they developed the passenger info plus system for public transportation in Vienna.
The system, installed in X-cars, features screens that present real-time details such as exit directions, transit options, and the current train location. Moreover, it assures that passengers receive timely updates about the metro network status and other important data.
How Are Different Regions Contributing to the Automated Passenger Information System Market’s Growth?
North America was the largest region in the automated passenger information system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the automated passenger information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which Firms Are Setting the Benchmark in the Global Automated Passenger Information System Market?
Major companies operating in the automated passenger information system market are Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, Thales Group, ALSTOM Holdings, GE Transportation, Indra Sistemas S.A., Advantech Co.
Ltd., Cubic Corporation, Teleste Oy, Eurotech SpA, Postec Technology, Clever Devices Ltd., Trapeze Group, Infodev Electronic Designers International, Quester Tangent Corporation, DILAX Intelcom GmbH, Iris-GmbH, EKE-Electronics Ltd., GMV Syncromatics, ICON Multimedia SL, Retail Sensing Ltd., Efftronics Systems Pvt. Ltd., Urban Transportation Associates, LOT Group, Lunetta, Medha Servo Drives Private Limited, Passio Technologies Inc., r2p GmbH
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