Passenger Information System Market Regional Analysis

Passenger Information System Market size was valued at USD 29.3 Billion in 2023 and is poised to grow from USD 32.93 Billion in 2024 to USD 83.9 Billion by 2032, growing at a CAGR of 12.4% during the forecast period (2025-2032).

Key vendors in Passenger Information System Market are: 'Advantech Co., Ltd.  (Taiwan) ', 'Alstom SA (France) ', 'Wabtec Corporation (United States) ', 'Cisco Systems, Inc. (United States) ', 'Siemens AG (Germany) ', 'Cubic Corporation (United States) ', 'Televic (Belgium) ', 'Huawei Technologies Co., Ltd. (China) ', 'Hitachi, Ltd. (Japan) ', 'Mitsubishi Electric Corporation (Japan) ', 'ST Engineering (Singapore) ', 'Indra (Spain) ', 'Medha Servo Drives (India) ', 'Efftronics (India) ', 'Dysten (Italy) ', 'Lunetta (Italy) ', 'R2P (Germany) ', 'Icon Multimedia (Spain) ', 'Passio Technologies (United States) ', 'Teleste (Finland) ', 'Lancom D.O.O. (Slovenia) ', 'Simpleway (Slovenia) ', 'EKE-Electronics (Finland) ', 'Quester Tangent (Canada) ', 'Lot Group (Austria)'.

Smart public transportation systems are particularly customer-oriented, so they effectively help people navigate across the city rather than causing stress by being late or under different conditions. In addition, PIS is one of the core components in intelligent transportation systems, which integrate the respective data from different sources. Thus, informative passenger systems are likely to promote the market in the future.  

Integration of Advanced Technology: The evolution of IoT facilitates the transfer of data between various electronic devices without any human interference. IoT-based ITS helps in the automation of railways, roadways, airways, and marine items increasing the experience of passenger transport. It is expected that the smart devices incorporated in better connectivity and automation and for control purposes will serve as more self-sustaining and intelligent in the data-distributing arena to the traffic management control centers and the cloud.  

North America passenger information system market held the largest demand share in 2023. Due to growing urbanization, the number of urban migrations has increased, surging the demand for efficient public transportation systems that can provide real-time information systems and can manage information is some of the driving factors for the market growth. The technological advancement in the market offers solutions that are advanced in GPS tracking, mobile applications, digital signage, and other features to better manage passenger access for real-time information. Moreover, as the emphasis on safety and security keeps growing, the market is driven by increasing demand for ensuring emergency alerts and data privacy.