Automated Passenger Information System Market Size, Share, Growth, and Industry Analysis, By Type (Passenger Information Display Systems, Emergency Communication Systems, Passenger Information Announcement Systems, Infotainment Systems, Passenger Information Mobile Applications and Others), By Application (Buses, Trains, Ferryboats and Others), Regional Insights, and Forecast To 2031

Updated On: 29 April 2024

Automated Passenger Information System Market Report Overview

• 
• to learn more about this report

global automated passenger information system market size was USD 7682.5 million in 2021 and market to touch USD 38362.49 million by 2031 at CAGR 17.2% during the forecast period.

The market refers to the industry that is involved in the development, installation, and maintenance of advanced information systems for public transportation networks. APIS uses a variety of technologies, including digital displays, voice announcements, mobile applications, and internet access, to give passengers real-time and accurate information.

An APIS's primary goal is to improve the entire passenger experience by providing timely information on schedules, routes, delays, disruptions, and other pertinent updates. It allows passengers to make more informed decisions about their travel arrangements and manage the transit system more efficiently.

COVID-19 Impact: Pandemic has decreased the market demand due to travel restriction

The epidemic of COVID-19 has had a considerable impact on the automated passenger information systems market growth. Travel restrictions and lockdown measures enforced globally reduced demand for public transport, resulting in lower investments in APIS technologies. The drop in passenger volumes and transport networks' limited operational capacity resulted in a diminished requirement for real-time information dissemination. The APIS market, on the other hand, is likely to rebound as the world heals and restrictions are gradually eased. The emphasis on passenger safety, as well as the necessity to manage and communicate changes in schedules, capacities, and health protocols, will promote automated passenger information market growth and adoption.

Latest Trends

"Integration of real-time data and mobile applications to accelerate market growth"

 The increasing integration of real-time data is a prominent development in the automated passenger information system market. APIS systems incorporate sophisticated technology such as Internet of Things (IoT) sensors, GPS tracking, and data analytics to offer passengers with up-to-date information. This allows travellers to get accurate and timely information about routes, schedules, delays, and other essential factors, improving their entire experience and increasing operating efficiency for transportation authorities. Another developing trend is the creation of mobile applications that provide personalised information to passengers. These apps offer passengers a streamlined and user-friendly interface through which they can access real-time updates, personalised travel planning, ticketing, and other services. 

Automated Passenger Information System Market Segmentation

• 
• to learn more about this report

"By Type Analysis"

According to type, the automated passenger information system market can be segmented into passenger information display systems, emergency communication systems, passenger information announcement systems, infotainment systems, passenger information mobile applications and others.

"By Application Analysis"

Based on application, the market can be divided into buses, trains, ferryboats and others.

Driving Factors

"Increasing urbanization and desire for public transport to boost market demand "

Rapid urbanization and rising demand for efficient public transportation systems are significant drivers for the market. As cities grow in size and population, there is a rising demand for accurate and easily accessible passenger information to manage and optimize transportation networks. APIS solutions provide passengers with real-time updates and critical information, facilitating smoother travel experiences and encouraging the usage of public transport.

"Initiatives and regulations by the government to stimulate product demand "

The APIS market is being propelled by government efforts and legislation focused at upgrading transport infrastructure and increasing passenger experience. Authorities are enacting rules that prioritise the use of innovative technologies in the modernization of public transportation networks. These measures encourage public transport operators to use APIS solutions, hence establishing a favourable market environment for the development and implementation of automated passenger information systems.

Restraining Factors

"High cost of the product to hamper market expansion"

Despite the high growth potential, the automated passenger information system market has some challenges. One such factor is the significant upfront cost required to adopt APIS solutions. Installing hardware components, software systems, and infrastructure modifications can be expensive, especially for smaller transportation authorities or operators with limited finances. Furthermore, the complexity of connecting APIS with existing transportation systems and legacy infrastructure might cause delays and increased implementation costs. These obstacles could stymie the widespread adoption of APIS solutions, especially in areas with limited financial resources or antiquated infrastructure.

Automated Passenger Information System Market Regional Insights

• 
• to learn more about this report

"Well established public transport systems to assist North America and Europe to lead the market"

The automated passenger information systems market exhibits substantial geographical variations depending on infrastructure development, urbanisation, and government efforts. Because of well-established public transit systems and increased investments in smart city programmes, developed nations like as North America and Europe are seeing strong adoption of APIS technologies. The APIS market in Asia Pacific is also expanding rapidly, owing to rapid urbanisation, rising population, and government attempts to improve transportation infrastructure. Emerging economies in Latin America, Africa, and the Middle East are slowly adopting APIS solutions to address transportation difficulties and improve passenger experiences, but at a slower rate due to infrastructure restrictions and budget limits.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Eurotech, DILAX Intelcom, Urban Transportation Associates, HELLA, Alstom, Cisco Systems, Siemens, GE Transportation, Hitachi, Huawei Technologies and Iris-GmbH.

Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over automated passenger information system market share by the key players stimulates the market growth.

List of Market Players Profiled

• Eurotech - Headquarters: Amaro, Italy
• DILAX Intelcom - Headquarters: Berlin, Germany
• Urban Transportation Associates - Headquarters: New York, United States
• HELLA - Headquarters: Lippstadt, Germany
• Alstom - Headquarters: Saint-Ouen, France
• Cisco Systems - Headquarters: San Jose, California, United States
• Siemens - Headquarters: Munich, Germany
• GE Transportation - Headquarters: Chicago, Illinois, United States
• Hitachi - Headquarters: Tokyo, Japan
• Huawei Technologies - Headquarters: Shenzhen, China
• Iris-GmbH - Headquarters: Berlin, Germany

 Report Coverage

This report examines an understanding of the automated passenger information system market size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.