North America Passenger Information System Market

North America Passenger Information System Market Forecast to 2027 – COVID-19 Impact and Analysis - By Component (Solution and Services), Location (On Board and In Station), Mode of Transportation (Roadways, Railways, and Waterways and Airways), and Functional Model (Multimedia Display, Audio Systems, Computing Systems, Networking and Communication Devices, video Surveillance, and Content Management Systems)

Number of Pages: 84

Market Introduction

The North American region constitutes developed economies such as the U.S. and Canada, and Mexico as a developing nation. North America is considered to be one of the most advanced regions with regards to advanced technology adoption and network infrastructure. Governments in this region are taking various initiatives to digitalize and improve the information system across the public transport sector. Furthermore, most transport sectors have implemented passenger information system solutions and services in the region on a large scale as the network connectivity is available in every corner. Rising ridership in public transport is also propelling the demand for passenger information system solutions in North America. North American countries highly focus on development in transportation infrastructure coupled with high investments in intelligent transportation systems made by private and public sector companies. According to the U.S. Department of Transportation, in 2018, the department invested a total of USD 63.9 billion in major transportation infrastructure projects across the country.

Market Overview and Dynamics

The Passenger Information System market in North America is expected to grow from US$ 5,912.57 million in 2019 to US$ 13,257.96 million by 2027; it is estimated to grow at a CAGR of 10.7% from 2020 to 2027. Passenger information system is used to establish strong communication link between a transit authorities and passengers by delivering to real-time data with respect to location of vehicle along with schedule of journey, timely announcements and the overall updates required by passengers. Such types of system are basically used to enhance the overall experience of passengers while transit by keeping them updated data along with entertaining the passengers using various infotainment systems. Such systems are interconnected set of devices, deployed on platform, bus stands, subway, port and others to dissipate real time information about bus, train or flight. Rising focus over consistent, real-time, and reliable passenger information along with rising frequency of passenger journey through public transport are positively impacting the growth of the market.

COVID 19 has impacted the major countries of North America. Most of the countries in the region are under lockdown, which is impacting the passenger information system market. The US has the highest number of confirmed cases of the COVID-19 infection among all North American countries. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.

Key Market Segments

In terms of component, the solution segment accounted for the largest share of the North America Passenger Information System Market. In 2019 In terms of location, In Station segment held the largest market share in 2019. In terms of mode of location, roadways sector accounted for the largest share of the North America Passenger Information System Market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America Passenger Information System market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alstom, Cisco Systems Inc., Cubic Corporation, Hitachi, Ltd, Huawei Technologies Co., Ltd, Singapore Technologies Engineering Ltd., Teleste Corporation, Thales Group and Wabtec Corporation.

Reasons to Buy Report

• Understand the North America Passenger Information System Market landscape and identify segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive market landscape in North America
• Efficiently plan mergers and acquisitions, and partnership deals in the North America Passenger Information System Market by identifying market segments with the most promising probable sales
• Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
• Obtain market revenue forecast for market by various segments for the period 2019–2027

North America Passenger Information System Market Segmentation

North America Passenger Information System Market, by Component

• Solution
• Services

North America Passenger Information System Market, by Location

• On Board
• In Station

North America Passenger Information System Market – by Mode of Transportation

• Roadways
• Railways
• Waterways and Airways

North America Passenger Information System Market – by Functional Model

• Multimedia display
• Audio Systems
• Computing Systems
• Networking and Communication Devices
• Video Surveillance
• Content Management Systems

North America Passenger Information System market – by Country

• • US
  • Canada
  • Mexico

Company Profiles

• Alstom
• Cisco Systems Inc.
• Cubic Corporation
• Hitachi, Ltd
• Huawei Technologies Co., Ltd
• Singapore Technologies Engineering Ltd.
• Teleste Corporation
• Thales Group
• Wabtec Corporation

North America Passenger Information System Market Strategic Insights

North America Passenger Information System Market Segmentation Analysis

North America Passenger Information System Market Report Highlights

North America Passenger Information System Report Scope

North America Passenger Information System Market Country and Regional Insights