How Passenger Information System Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Passenger Information System Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Passenger Information System Market Study" explored CAGR of 11.89%. According to the report, Rising Frequency of Passenger Journey through Public Transport is one of the primary growth factors for the market. Rising Demand for Consistent, Real-Time, and Reliable Passenger Information is also expected to contribute significantly to the Passenger Information System market. Overall, applications of Passenger Information System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Services, such as Consulting and Integration, is boosting the Passenger Information System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Solutions, such as Information Announcement System, is boosting the Passenger Information System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Transportation Mode, such as Roadways, is boosting the Passenger Information System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Location, such as On Board, is boosting the Passenger Information System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Passenger Information System market identified that the demand is rising in many different parts of the world as "Rising Adoption of IoT and Big Data to Enhance Passenger Travel Experiences". Furthermore, some recent industry insights like "on 25th February 2019, Wabtec Corporation has announced that it has completed its merger with GE Transportation, a former business unit of GE. This merger establishes Wabtec as a Fortune 500, global transportation and logistics leader by combining Wabtec’s broad range of freight, transit and electronics products with GE Transportation’s best-in-class equipment, services and digital solutions in the locomotive, mining, marine, stationary power, and drilling industries. Wabtec has also been notified that it will now be included in the S&P 500 Index." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Passenger Information System market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Passenger Information System market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Passenger Information System market size is calculated using market estimation process, the Passenger Information System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Passenger Information System market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager