Passenger Information System Market
Passenger Information System Market Forecast to 2027 - COVID-19 Impact and Global 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)
Passenger Information System Market
Current and future Market Scenario
According to our new market research study on “Passenger Information System Market to 2027 – Global Analysis and Forecast – by Type, Treatment, and End User,” the market was valued at US$ 19,314.66 million in 2019 and is projected to reach US$ 45,717.11 million by 2027; it is expected to grow at a CAGR of 11.5% from 2020 to 2027.
Passenger information system acts as the secured link between a transit agency or authorities and passengers, providing and dispersing the significant information needed for each of its end user. Such systems record and track down the necessary data related to real-time vehicle locations, current status updates, tentative journey schedules, and much more. Therefore, the important information reaches quickly without any defaults or changes to end user; hence such systems hold significance across the world.
