Passenger Information System (PIS) Market Size, Share, Growth, and Industry Analysis, By Type (LCD Display System, LED Display System, Others), By Application (Railways, Airways, Others), and Regional Insights and Forecast to 2033

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PASSENGER INFORMATION SYSTEM (PIS) MARKET OVERVIEW

The Passenger Information System (PIS) Market, valued at USD 1.767 billion in 2024, is forecasted to grow consistently, reaching USD 1.843 billion in 2025 and ultimately hitting USD 2.586 billion by 2033, at a steady CAGR of 4.3% from 2025 to 2033.

Passenger Information Systems (PIS) are advanced technology systems offering real-time information to passengers traveling across different transport systems such as railways, aviation, and roads. PIS employ different communication tools such as LCD/LED displays, audio messages, and mobile apps to offer required information such as train/bus/flight timings, delay information, safety travel tips, and route directions. By providing enhanced passenger experience, effective working, and open communication, PIS have set the pace to become the foundation of the transport infrastructure of the new age.

The Passenger Information System market is growing at a lightning pace with rising demand for enhanced passenger experience as well as real-time data sharing. Expansion is on the heels of fast-rising smart city adoption across the world, as well as IoT technology integration into transportation infrastructures. Expansion would be seamless with railways and airports heavily investing in information system renewal. As smart technologies continue to evolve, demand for PIS in developing economies is also on the rise with enormous market potential in both emerging and mature economies. With advancements in digital displays and bundled offerings, the market for PIS is expected to grow in the long term.

RUSSIA-UKRAINE WAR IMPACT

Passenger Information System (PIS) Market Had a Negative Effect Due to Conductors Has Adversely Impacted Key System Component Supply During the Russia-Ukraine War

The Russia-Ukraine war has greatly impacted the global Passenger Information System (PIS) market. Disruption in supply chains of leading components such as semiconductors has adversely impacted key system component supply and production. Furthermore, geopolitical tensions have raised rising raw material prices, which impact the cost of placing PIS on international transport networks. As demand for intelligent transport solutions continues to increase, uncertainty through the war has led to certain delays in planned infrastructure development, especially in Europe and Eastern Europe.

LATEST TRENDS

Growing Adoption of Machine Learning (ML) And Artificial Intelligence (AI) to Drive Market Growth

Growing adoption of machine learning (ML) and artificial intelligence (AI) for improving real-time traveler information communication is one of the trends in the Passenger Information System (PIS) market. AI is helping systems provide customized information, forecast traveler behavior, and recommend intelligent route guidance. In addition, mobile demand for PIS solutions to allow users to key in information while in transit has been increasing. Visitors are given current information and real-time notices at their convenience. Furthermore, advancements in contactless-based systems and electronic signage made users' experiences improved, with more market appeal in the future.

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PASSENGER INFORMATION SYSTEM (PIS) MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into LCD Display System, LED Display System, Others.

• LCD Display System: LCD systems are widely utilized for real-time display of data like bus/train arrival time, route maps, and weather. They are widely accepted because they are easy to read, cost-effective, and can be employed across a variety of lighting conditions.

• LED Display System: LED systems are brighter and more energy-efficient, and thus external application is appropriate in airports and stations. Its improved life and visibility render it more appropriate than conventional LCD systems, particularly in populated areas.

• Others: Electronic displays and audio announcements are other PIS technologies. These technologies are further modes of reaching out to passengers to render them accessible and improve the overall experience.

By Application

Based on application, the global market can be categorized into Railways, Airways, Others.

• Railways: Display of arrival/departure time, delay, and safety messages in real-time is included in Railway PIS. These systems assist in crowd management and easier working on congested transport systems.

• Airways: Airports utilize PIS for baggage information, gate information, and flight information. These systems are crucial in handling massive passenger crowds and giving appropriate and timely communication.

• Others: Others include metro, bus stops, and sea transport. All of these networks serve to enhance the passenger experience as well as the operational efficiency.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Need For a Better Travel Experience to Boost the Market

The development in the Passenger Information System (PIS) market growth is largely influenced by the need for a better travel experience and better operational efficiency in transport networks. With increasing numbers of passengers and requirements for uninterrupted delivery of information, the usage of PIS technologies has become inevitable. Increasing urbanization means that increasingly cities are investing in intelligent transport systems (ITS), thereby driving demand in the PIS market. Improvement of the public transport system by governments also is creating demand for sophisticated passenger information systems for delivering real-time information and better security.

Ongoing Advancements of Digital Signage to Expand the Market

The growth of the Passenger Information System (PIS) market share is fueled mostly by ongoing advancements of digital signage and Internet of Things (IoT) technology in the transportation industry. Since smart technology is being adopted by transport agencies as a way to enhance customer satisfaction and efficiency, PIS is increasingly being included in smart systems. Integration of AI, IoT, and real-time analytics is equipping PIS with enhanced functionality, and public as well as private investment is being welcomed. As urbanization is taking place in countries all over the world, particularly in emerging economies, market size for PIS will grow as more and more transport networks depend on best-of-the-breed communication solutions for their passengers.

Restraining Factor

Initial Large Investment and Maintenance Expense to Potentially Impede Market Growth

The largest retarding factor in the Passenger Information System (PIS) business is the initial large investment and maintenance expense of having such systems installed. While PISs is providing huge operation and passenger satisfaction value, hardware and installation fees and maintenance are prohibitive, especially to small transport operators and urban development projects in developing areas. Besides that, rapid technology advancement implies that systems obsolescence soon arrives, and thus operators are left spending on perpetual upgrading to achieve optimum performance to the total expense.

Opportunity

Increasing Use of Mobile-Based Systems to Create Opportunity for the Product in the Market

One of the most promising opportunities in the Passenger Information System (PIS) business is in the increasing use of mobile-based systems and cloud computing solutions. These technologies enable transport companies to provide real-time information directly to passengers' cell phones, greater convenience and accessibility. With the wider dissemination of smartphones globally, the use of PIS as smartphone apps is an inexpensive and effective means of reaching more people. In addition, the rapidly developing interest in smart cities and IoT technologies offers the potential for transport systems to incorporate PIS into mass-scale urban infrastructure projects, and to make cities smarter and more integrated.

Challenge

Fragmentation In the Transport Network Could Be a Potential Challenge for Consumers

One of the key challenges facing the Passenger Information System (PIS) market is fragmentation in the transport network. There are various operators in various transport segments in most territories, and so it is impossible to design a single system which would serve all means of transport. Standardization becomes complex and ineffective because, if there's no uniformity in presenting things to customers in a manner which will be slowing down the user experience, there won't be harmony in user experiences across regions anymore. Furthermore, complexity in presenting various systems and technologies in various regions is resulting in a lack of ability to generate one integrated and reliable PIS for travelers.

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PASSENGER INFORMATION SYSTEM (PIS) MARKET REGIONAL INSIGHTS

North America

North America and the U.S. have an increased need for Passenger Information Systems (PIS) because of investments made in the development of transportation infrastructure. The new technologies are embraced by the transport operators as well as major cities for passenger travel experience enhancement and operation optimization. The initiative of the U.S. government towards smart transport, and deployment of IoT devices on public transport infrastructure, further drive the market. Government investment in the metro railways, airports, and railways would increase the utilization of PIS solutions to capture more market share in the rapidly growing worldwide industry.

Europe

Also, the markets of the European Passenger Information Systems change at a rapid rate as a response to governments' moves towards investments in transportation system smart technologies. Efforts of the European Union to make the public transport system green and efficient are fueling the growth of PIS adoption in the region. Germany, France, and the U.K. are already leading the way in integrating innovative PIS solutions into railways, airports, and other public modes of transportation. Stringent passenger safety and communication regulations are also fueling the market.

Asia

Asia-Pacific is experiencing a rapid growth in the Passenger Information System (PIS) market because of the rapid pace of urbanization and rising demands for sophisticated transportation infrastructure. China and India are some of the nations that are developing heavily in rail and metro infrastructures, which are driving the demand for state-of-the-art PIS solutions. The region also experiences high levels of adoption of IoT technologies, mobile apps, and smart city initiatives. These new technologies are revolutionizing public transport and opening up new market opportunities in emerging and developing Asian economies.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

Market leaders of the Passenger Information System (PIS) industry are putting in their best efforts towards designing sophisticated systems in a bid to extend passenger convenience. They are adopting cutting-edge technologies like IoT, AI, and cloud platforms for creating next-gen solutions with real-time feeds and greater operational effectiveness. Their investment in R&D and collaboration is driving passenger information system development to the future. Through ongoing improvement, the industry leaders are guiding market growth and enabling transport operators to meet emerging passenger and regulatory requirements.

List Of Top Passenger Information System (PIS) Companies

• EKE-Electronics (Finland)
• Teleste Corporation (Finland)
• Atos SE (France)
• Televic Group (Belgium)
• AMiT (Czech Republic)
• Indra (Spain)
• Thales Group (France)
• Mitsubishi Electric (Japan)
• Neusoft (China)
• Shenzhen Beihai Rail Transit Technology (China)

KEY INDUSTRY DEVELOPMENT

January 2024: A new cloud-based Passenger Information System (PIS) was launched that facilitates stronger real-time communication between the transport authorities and the passenger. The system uses cloud computing to collect data from different modes of transport, process it rapidly, and provide real-time information through a range of channels, from mobile apps to digital signage.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The passenger information system (PIS) is seeing huge development, powered by expanding attention to its advantages, rising consumer interest in sustainable solutions, and persistent technological headways. In spite of the fact that it faces difficulties like supply limitations and increasing costs, the continuous interest for innovative and excellent choices is driving extension and progress across the area. Key industry players are driving advancement through essential developments and market extensions, improving both supply and appeal. As purchaser inclinations shift towards better and more different choices, the market is supposed to thrive, upheld by progressing developments and a developing acknowledgment of its contributions.