North America Passenger Information System Market
No. of Pages: 84 | Report Code: TIPRE00018157 | Category: Technology, Media and Telecommunications
No. of Pages: 84 | Report Code: TIPRE00018157 | Category: Technology, Media and Telecommunications
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.
Strategic insights for the North America Passenger Information System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 5,912.57 Million |
| Market Size by 2027 | US$ 13,257.96 Million |
| Global CAGR (2020 - 2027) | 10.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Passenger Information System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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.
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.
North America Passenger Information System Market, by Component
North America Passenger Information System Market, by Location
North America Passenger Information System Market – by Mode of Transportation
North America Passenger Information System Market – by Functional Model
North America Passenger Information System market – by Country
The North America Passenger Information System Market is valued at US$ 5,912.57 Million in 2019, it is projected to reach US$ 13,257.96 Million by 2027.
As per our report North America Passenger Information System Market, the market size is valued at US$ 5,912.57 Million in 2019, projecting it to reach US$ 13,257.96 Million by 2027. This translates to a CAGR of approximately 10.7% during the forecast period.
The North America Passenger Information System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Passenger Information System Market report:
The North America Passenger Information System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Passenger Information System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Passenger Information System Market value chain can benefit from the information contained in a comprehensive market report.
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