Automated Passenger Information System Global Market Report 2024

The automated passenger information system market size has grown rapidly in recent years. It will grow from $10.18 billion in 2023 to $12.02 billion in 2024 at a compound annual growth rate (CAGR) of 18.%. Historical growth in this sector can be primarily attributed to several key factors. These include government regulations and initiatives aimed at improving passenger information services, fluctuations in passenger numbers, the impact of special events on travel patterns, regulatory changes affecting transportation operations, and the analysis of past passenger data to enhance service provision.

The automated passenger information system market size is expected to see rapid growth in the next few years. It will grow to $21.6 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. Anticipated growth in the upcoming period is driven by several key factors. These include the increasing urbanization rates leading to growing populations in cities, heightened demand for robust public transportation systems, the increasing need for reliable and convenient information systems to support efficient travel, and the expansion of public transportation networks to accommodate rising demand. Key trends expected in this period encompass the integration of real-time data to provide up-to-date information to passengers, enhanced personalization of services to meet individual preferences and needs, establishment of multimodal connectivity to facilitate seamless transitions between different modes of transportation, adoption of predictive analytics to anticipate travel patterns and improve service reliability, and integration of smart infrastructure to enhance overall system efficiency and effectiveness.

The anticipated surge in demand for public transportation is poised to drive the growth trajectory of the automated passenger information system market in the coming years. Public transport denotes the structured transportation network accessible to the general public, typically administered on a scheduled basis and operating along predefined routes. As urban areas expand, the need for efficient transportation systems escalates to facilitate the movement of burgeoning city populations. Automated passenger information systems find application across various modes of public transport to bolster operational efficiency and furnish passengers with real-time travel information. For instance, in December 2023, as reported by the National Statistics Institute (Instituto Nacional de Estadística), the number of public transport passengers surged by 12.1% compared to the preceding year, with urban and inter-city transit witnessing annual growth rates of 15.4% and 10.1%, respectively. Consequently, the escalating demand for public transportation serves as a catalyst for the automated passenger information system market.

Leading players within the automated passenger information system market are diligently innovating to fortify their market presence, focusing on the development of cutting-edge products such as digital passenger information systems. This advanced technology offers tailored solutions catering to various traffic and transportation requirements, delivering both real-time and static information pertinent to passengers' journeys. For instance, in January 2022, Wiener Linien, an Austria-based public transit service provider, unveiled an innovative digital passenger information system tailored for the new X-car metro trains. Equipped with dynamic visual displays, this system enriches passengers' travel experiences by providing pertinent real-time information, thereby enhancing convenience and efficiency. Developed in collaboration with Siemens Mobility, the passenger info plus system for Vienna's public transport features in-car screens presenting real-time data encompassing exit directions, transfer options, and the train's current location. Furthermore, it ensures passengers receive timely updates concerning the metro network's status and other relevant travel information.

In September 2023, Vix Technology, an intelligent transportation systems provider based in Australia, successfully acquired myBus for an undisclosed sum. This strategic move aims to integrate myBus's cloud-native passenger information and fleet management system with Vix Technology's proficiency in data management and operations technology. The outcome is expected to yield a comprehensive Intelligent Transportation Systems (ITS) product suite, enhancing capabilities in real-time vehicle monitoring, driver communication, and passenger information. myBus, headquartered in Barcelona, is recognized for its specialization in developing cloud-native passenger information and fleet management systems.

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.

North America was the largest region in the automated passenger information system market in 2023. 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. The countries covered in the automated passenger information system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An automated passenger information system (APIS) is an electronic platform designed to furnish passengers with real-time updates, including arrival and departure predictions, disruptions, and pertinent travel details. It enriches the travel experience by delivering timely information through diverse channels such as physical displays in transportation hubs or remote accessibility via web browsers or mobile applications.

Key types of automated passenger information systems include passenger information display systems, emergency communication systems, passenger information announcement systems, entertainment systems, passenger information mobile applications, and others. Passenger information display systems play a critical role in delivering real-time updates to passengers across various transportation environments such as metro, train, and bus stations. These systems comprise hardware and software components deployed in buses, trains, ferryboats, and other transportation modes. The end-users include private transportation operators and public transport authorities.

The automated passenger information system research report is one of a series of new reports that provides automated passenger information system market statistics, including the automated passenger information system industry's global market size, regional shares, competitors with an automated passenger information system market share, detailed automated passenger information system market segments, market trends and opportunities, and any further data you may need to thrive in the automated passenger information system industry. This automated passenger information system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automated passenger information system market consists of revenues earned by entities by providing services such as real-time updates, wayfinding assistance, service alerts and notifications, emergency assistance, integration services, feedback and support, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated passenger information system market also includes sales of LED/LCD screens, public address systems, sensors and tracking devices, on-board information systems, ticket vending machines, and variable message signs (VMS). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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