Passenger Information Display System Market Size, Share, Trends, Growth 2032

Passenger Information Display System Industry Prospective:

The global passenger information display system market size was evaluated at $30 billion in 2023 and is slated to hit $91 billion by the end of 2032 with a CAGR of nearly 13% between 2024 and 2032.

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Passenger Information Display System Market: Overview

Passenger information display systems are digital signage systems that are utilized in various public transport systems such as bus terminals, airports, and train stations for displaying real-time information to passengers.

Reportedly, these systems improve travel experience by providing key details about service status and schedules of display systems that include ePaper, LED, and LCD. Moreover, major features of passenger information display systems are emergency messaging, real-time information, multimedia support, and flexible deployment alternatives.

Key Insights

• As per the analysis shared by our research analyst, the global passenger information display system market is projected to expand annually at the annual growth rate of around 13% over the forecast timespan (2024-2032)
• In terms of revenue, the global passenger information display system market size was evaluated at nearly $30 billion in 2023 and is expected to reach $91 billion by 2032.
• he global passenger information display system market is anticipated to grow rapidly over the forecast timeline owing to need for improving passenger experience and demand for safety & security.
• In terms of solution, the display systems segment is slated to register the highest CAGR over the forecast period.
• Based on mode of transport, the airways segment is predicted to contribute majorly towards segmental space in the upcoming years.
• Region-wise, the Asia-Pacific passenger information display system industry is projected to register the fastest CAGR during the assessment timespan.

Passenger Information Display System Market: Growth Factors

Demand for enhancing end-user experience to drive the global market trends over 2024-2032

Need for improving passenger experience and demand for safety & security will drive the global passenger information display system market growth. Moreover, growing preference for improving operational efficiency and technological breakthroughs will steer the global market surge in the ensuing years. Swift urbanization and need for public transport is expected to prop up the global market expansion in the years ahead.

Supportive government policies along with launching of smart city concepts will augment the global market expansion. Additionally, necessity of acquiring real-time information along with safety & security concerns will scale up the market surge in the years ahead.

Passenger Information Display System Market: Restraints

Surging initial investment costs to put brakes on the global industry expansion over forecast period

Huge initial investment prices and technological complexities along with data security concerns can halt the expansion of the global passenger information display system industry. Moreover, a surge in the maintenance and upgrading charges will obstruct the expansion of the global industry.

Passenger Information Display System Market: Opportunities

Launching of new technologies can prop up the growth of the market globally over the assessment timeline

Onset of new technologies such as AI, machine learning, and 5G technologies will create new growth avenues for the global passenger information display system industry. Moreover, surging focus on improving end-user experience and improving transport services is expected to steer the global industry expansion in the years ahead. A rise in fund allocation in improving infrastructure of bus terminals, airports, and railway stations sill proliferate the global market size.

Passenger Information Display System Market: Challenges

Electricity supply issues can pose a huge threat to the global industry expansion over the analysis period

Power supply and infrastructural problems along with need for extensive training of individuals for operating the system can challenge the global passenger information display system industry surge. Regulatory issues and less awareness about benefits accrued by using passenger information display system can obstruct the global industry expansion in the years ahead.

Passenger Information Display System Market: Report Scope

Passenger Information Display System Market: Segmentation

The global passenger information display system market is divided into solution, mode of transport, and region.                    

In terms of solution, the passenger information display system market across the globe is segmented into display systems, infotainment systems, announcement systems, and emergency communication systems segments. Apparently, the display systems segment, which garnered nearly 40% of the global market revenue in 2023, is set to record fastest CAGR in the next couple of years subject to ability of LED, LCD, and digital signage displays in providing real-time information to travelers. Apart from this, these solutions are visually appealing & provide high-quality displays and extensive information on maps, ads, schedules, and announcements.

Based on the mode of transport, the global passenger information display system industry is divided into waterways, railways, airways, and roadways segments. Apparently, the airways segment, which led the global industry share in 2023, is set to contribute majorly towards the segmental surge in the analysis timeframe and this can be due to an increase in the passenger volume at airports, complex infrastructure, rise in the focus on improving passenger experience, and strict security laws.

Passenger Information Display System Market: Regional Insights

North America is likely to maintain leading status in the global market over the analysis timeframe

North America, which accounted for about 55% of the global passenger information display system market size in 2023, is predicted to establish a leading position in the global market in the projected timeline.

Moreover, the regional market expansion in the coming few years can be due to availability of strong infrastructure facility in the countries such as Canada and the U.S. Furthermore, favorable government schemes attracting huge investments in public transport domain along with launching of smart city concepts can augment the market growth in the region.

Asia-Pacific passenger information display system industry is anticipated to register the highest CAGR in the expected timeline. The geometric progression of the industry in APAC can be credited to swift urbanization and huge fund allocation in improving transport infrastructure in the countries such as India and China. Presence of key players in these countries will further protrude the industry size in APAC.

Passenger Information Display System Market: Competitive Space

The global passenger information display system market profiles key players such as:

• LOT Group
• Passio Technologies
• Medha Servo Drives
• Televic
• Mitsubishi Electric Corporation
• Hitachi Ltd.
• Simpleway
• Alstom
• Indra Sistemas S.A
• Thales Group
• Teleste Corporation
• Icon Multimedia
• Cubic Corporation
• Siemens AG
• Toshiba Corporation
• Eke-Electronics
• ST Engineering Ltd
• r2p Group
• Singapore Technologies Electronics Limited
• Wabtec Corporation
• Eftronics Systems Pvt. Ltd.
• Advantech Co. Ltd.
• Lunetta
• Quester Tangent
• Dysten
• Huawei Technologies Co. Ltd.
• Lancom D.O.O
• Cisco Systems.

The global passenger information display system market is segmented as follows:

By Solution

• Display Systems
• Infotainment Systems
• Announcement Systems
• Emergency Communication Systems

By Transportation Mode

• Waterways
• Railways
• Airways
• Roadways

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa