Passenger Information System Market To Witness Growth Owing To Rising Demand From Technology Industries Till 2022

The global Passenger Information System Market is expected to grow at high a CAGR over forecast period. Increased use of smart phones, evolution of new technology and urbanization are expected to drive the market growth. PIS help passengers with the data in real time through audio announcements and set of displays. It includes predictions as well as the information regarding the project. The information system helps in easing all the complex task of planning the journey thereby alleviating the orientation, providing comfort and satisfaction to the passengers. The prediction comprises of train current position, line maps, next station, line number, train destination, estimated arrival and departure time, data regarding disruptions if any, entertainment. Its application can be subdivided into two prospects both physically and remotely, physically in a transportation network and remotely with the aid of web browser or mobile device.

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The PIS can be segmented on the basis of system, components, and modes of transport and services. As per the system specification it can be further subdivided into mobile applications, information announcement systems, Information display systems and emergency communication systems. The components of PIS are multimedia displays, routers, networking and communication devices, announcement and sensors. Railways, roadways and airways are the modes of transport. There has been sharp increase in the average number of vehicle due to increase in disposable income. It leads to traffic congestion, which means several hours on the road, hence the need of public transport is going to contribute to the increase in PIS usage.

The adoption of PIS in aggregation with the GPS helps in saving the time of consumers and makes it attractive for riders to commute which thereby increases the number of passengers for the infrastructure providers such as railways and bus. The infrastructural services market is expected to increase by leaps and bounds with the advent of globalization. Usage of smart phone has increased at a steady pace in the past years which facilitates better connectivity and removes communication barriers representing significant growth opportunities, this industry holds for the telecommunication and network firms. The ease with which PIS technology can be adapted to match the project need by freely choosing the technical specifications and selecting the number of screens indicate the market growth in the next seven years.

Technical scope such as how big the display is and location play a major role while defining the particulars required. As per the location it depends on whether you are the location of boarding or you are in the vehicle. The data that can be provided is when the vehicle will arrive at the boarding station, how closely it is running to timetable and while in the vehicle the nature of particulars can be in terms of next station/stop, advice on connecting services and others. With the help of personalized channels such as web and mobile, a passenger can plan/replan his journey taking into account the current circumstances which opens up the room for new opportunities in the industry. The entry barriers into the industry are low and the growth prospects are expected to be good in the coming years. The mobile application developers are expected to gain a lot from this opportunity due to the rise of 3G, 4G LTE.

The Trained Passenger information system by EKE company, is connected to the Trainnet train communication network which displays and synchronize the data in the form of audio announcements that can be automated based on train locations with the help of GPS technology. The change of data manually is indicated with the help of PIS whereby the train driver can select the desired station or message to announce. Certain unfavorable events such as delays caused due to bad weather, disruptions or delay in reaching the station can be easily communicated to the passengers with the help of PIS. Such benefits indicate positive growth in the market. The Init Company utilizes MOBILE-STOPinfo as a real time PIS which informs customers about the real time delays, travel alternatives, other modes of transport as they believe in well informed customers are satisfies passengers. In countries like France, UK, Germany, US, the utilization rate is quiet high. In Paris, SIEL, Système d’information en ligne indicator systems are installed in the RER, the Paris Metro while in Germany, a travel information system is used which shows current train times, expected arrivals, departure time as compared to the published timetable. In UK, visual platform displays are used in the national rail stations which represent the next service from the platform. North America holds the largest market share due to the availability of network infrastructure. Asia Pacific and Latin America are expected to be the regions with highest growth rate. The key players in the market are Alstom, GE Transportation, Siemens AG and others.

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