DUBLIN--(BUSINESS WIRE)--The "Passenger Information System Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The passenger information system market is projected to witness the growth at a CAGR of 19.62% during the forecast period to reach a total market size of US$31.806 billion by 2023, increasing from US$10.857 billion in 2017.
Growing transportation across the globe is driving with it the demand for passenger information system to increase the efficiency of the overall system. Huge amounts are being spent by the governments into modifying the transportation infrastructure.
Market players are also making heavy investments into research and development to develop advanced passenger information systems which can be integrated into existing infrastructures of various sizes. Increasing adoption of these solutions is boosting their market growth in many regions across the globe.
However, poor infrastructure in many regions is incapable of being integrated with these advanced passenger information systems. Moreover, high cost of implementing and managing these systems is restraining their market growth in some regions.
North America and Europe hold a major share in the global market on account of state-of-the-art infrastructure and presence of many key players in these regions.
The market in Asia-Pacific is expected to grow at the highest CAGR over the projected period owing to huge investments being made by market players in these regions. Increasing spending by governments in these regions to evolve their existing transportation infrastructure can be seen as another major factor driving the market growth in this region over the projected period.
- Display System
- Monitoring System
- Computing System
- Communication Infrastructure
Modes of Transportation
- Advantech Co. Ltd
- Cubic Corporation
- Huawei Technologies
- TE Connectivity
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Passenger Information System Market Forecast by Components (US$ billion)
6. Global Passenger Information System Market Forecast by Mode of Transportation (US$ billion)
7. Global Passenger Information System Market Forecast by Geography (US$ billion)
8. Competitive Intelligence
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/fgbxmm/passenger?w=4