San Francisco, California, May 11, 2017: Unlike before, passengers no longer need to stand in long queues for making enquiries about the arrival and departure of buses and trains. This is made possible by passenger information systems, which helps in giving all the information necessary, at real time. This is boosting the global passenger information systems market. TMR Research in its latest report, studies the global passenger information systems market. The report is titled “Passenger Information Systems Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” The scope of urban transportation is widening and there is a need for adopting digital and smart telematic solutions, thus pushing the adoption of passenger information systems. Passenger information systems can be used in web browsers of a mobile device and also used physically within a transportation means.
According to the report, the global passenger information systems market is driven by the escalating use of mobile devices for keeping abreast with travel related information. Advancements in telecommunication sector and the increasing penetration of high speed internet are together driving the adoption of passenger information systems. A large number of consumers are relying on passenger information systems for acquiring information regarding transportation. Passenger information systems are increasingly becoming popular because not only do they provide information regarding arrival and departure, but also gives information about interruptions if any, and the nature and reason for interruption.
Urbanization and increase in the number of public transport facilities are some of the other factors driving the growth of this market. The improvement in the public transport systems, rise in fuel prices, and increasing hassles for parking have made public transport a popular choice for many routine commuters across the globe. This in turn is increasing the usage of inter transit connectivity and use of passenger information systems.
On the basis of geography, the global passenger information systems market is segmented into Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Of these, North America is anticipated to lead in the market. However, Asia Pacific too shall not remain behind in terms of growth in this market, on account of its high population and increasing per capita income. Latin America is also expected to witness a surge in the demand for these systems in the coming years.
Leading players have been profiled in the report for the purpose of study and an in-depth understanding of the various developments made by them and the challenges faced. Some of the companies operating in the market are: Cubic Transportation Systems, Huawei, Alstom, and GE Transportation.